Which of the following pieces of information is NOT commonly collected on a job application?

Making journal entries Assume that during the month of April the production report of Austin Adhesives, Inc., in E8-10 revealed

Alex_Xolod [135]

Missing Information:

The normal capacity of is 40,000 direct labor hours and 20,000 units per month. A finished unit requires 6 lb of materials at an estimated cost of $2 per pound. The estimated cost of labor is $10.00 per hour.

Answer:

Raw materials Inventory 260,000 debit

D:M price variance 2,600 debit

Account Payable 257,400 credit

--to record the purchase ---

WIP-Inventory 248,000 debit

DM quality variance 2,000 debit

Raw materials Inventory 250,000 debit

--to record requisition of materials--

WIP-Inventory 420,000 debit

D:L rate variance 1,640 debit

Wages Payables 411,640 credit

DL efficiency variance 10,000 credit

--to record the charge of labor into WIP--

Explanation:

130,000 pounds x $1.98 (actual) = $257,400‬

130,000 pounds x $2.00 (standard) = $260,000

variance 2,600 favorable

Quantity Variance:

actual: 125,000 x $2 = 250,000

standard: 21,000 x 6 = 124,000 pounds x $2 = 248,000

variance: 2,000 unfavorable

41,000 hours x $10.04 each = $411,640

41,000 hours x $10.00 each = $410,000

rate variance 1,640 unfavorable

efficiency variance:

21,000 x 2 hours = 42,000 hours x $10 = 420,000

actual 41,000 x $10 = 410,000

favorable 10,000

6 0

3 years ago

Vivian worked as a manager at her company. She was asked to order a few cars that would be used by company employees. Which best

Arada [10]

To ensure that her company is being socially responsible, Vivian should ensure that the cars are environmentally friendly. Being socially responsible means you do what is best for planet, people, and profits. In this case, taking care of the planet means choosing the car that is the most environmentally friendly.

3 0

3 years ago

Sales revenue$ 4,000Purchases of direct materials$ 400Direct labor$ 450Manufacturing overhead$ 620Operating expenses$ 650Beginni

djyliett [7]

Answer:

Direct material used= $420

Explanation:

Giving the following information:

Sales revenue= $4,000

Purchases of direct materials= $400

Direct labor= $450

Manufacturing overhead= $620

Operating expenses= $650

Beginning raw materials inventory= $200

Ending raw materials inventory= $180

Beginning work in process inventory= $320

Ending work in process inventory= $410

Beginning finished goods inventory= $250

Ending finished goods inventory= $200

Direct material used= ?

Direct material used= beginning inventory raw material + purchase - ending inventory raw material

Direct material used= 200 + 400 - 180= $420

5 0

2 years ago

Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manu

Kay [80]

Answer:

The cash payments expected for Finch Company in the month of May is $185,600

Thus, the option a is correct.

Explanation:

For computing the cash payment for may month. The following things should be recognized which is explained below:

1. Manufacturing expense : In manufacturing expense, $\frac{3}{4}$ is incurred for particular month and rest $\frac{1}{4}$ is for following moth.

That means, $195200 × 3÷4 = $146,400 and $156,800 × 1 ÷ 4 = 39,200

So, the total would be $146,400 + 39,200 = $185,600

2. As insurance expenses would not be considered because the information is not given.

3. As property tax is paid in November, so it would not be taken for may month.

Therefore, The cash payments expected for Finch Company in the month of May is $185,600

Thus, the option a is correct.

7 0

3 years ago

Wendy has tons of tomatoes on her tomato plants to harvest but no time to do it. Claire is trying to save money to go to college

lorasvet [3.4K]

Answer:

no double coincidence of wants is required. People with different interest can work together. As Claire want's to work but do not want their entire salary in tomatoes.

Explanation:

Under a bartering system Wendy should look for a person willing to work for tomatoes or other of her belongings else, they will not accep the job.

As there is a currency economy Wendy pays Claire with it and Claire can then spend on tomatoes or, any other good she consider to maximize her utility.

While Wendy can sale the tomatoes anywhere else thus, amking a gain right away. If Wendy was required to look only for tomatoe interest some portion of their harvest could be lose while looking ofr commercial parties.

7 0

2 years ago