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3 years ago

Theory of production

Business

1 answer:

Helen [10]3 years ago

3 0

Answer:

Theory of production, in economics, an effort to explain the principles by which a business firm decides how much of each commodity that it sells (its “outputs” or “products”) it will produce, and how much of each kind of labour, raw material, fixed capital good, etc., that it employs (its “inputs” or “factors of .

Explanation:

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When the production process is complete in process costing, the completed goods and the accumulated costs are transferred across

alukav5142 [94]

Answer:

A debit to the Finished Goods Inventory account and a credit to the Work in Process account for the final department in the series of process

Explanation:

In the case when the process related to the production is finished so the completed goods and accumulated profits could be transferred

So, the following should be the journal entry

Finished goods inventory XXXXX

To Work in Process Inventory - Final dept XXXXX

(Being the production process is completed recorded)

Here the finished goods is debited as it increased the assets and credited the work in process as it decreased the assets

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3 years ago

Bruno & Court is a nonprofit organization that captures stray deer bewildered within residential communities. Fixed costs ar

Nadusha1986 [10]

Answer:

3,300 deer

Explanation:

Total funds available to meet the entire cost of capturing stray deer = $48,000

This represents the total funds available as the Bruno & Court is a non profit organisation, it needs funding and as provided in the given case total funds available are $48,000 through local philanthropy.

Associated fixed cost in this activity = $15,000

Thus, maximum variable cost shall be = $48,000 - $15,000

= $33,000

Variable cost per deer = $10

Total number of deer to be captured = $33,000/$10 = 3,300 deer

4 0

4 years ago

On January 1, 2021, Rapid Airlines issued $200 million of its 8% bonds for $184 million. The bonds were priced to yield 10%. Int

miv72 [106K]

Answer:

1.Dr Interest expense $8million

Cr Cash $8 million

2.Dr Interest expense $8 million

Cr Cash 8 million

3. Dr Bonds Payable $12million

Cr Adjustment in fair value $12 million

Explanation:

Preparation of Journal entries

1) June 30, 2021 Preparation of Journal entry for interest payment

Dr Interest expense $8million

Cr Cash $8 million

[($200 million * 8%) *6/12]

The reason why it was multipled with 6/12 was because the payments are half yearly.

2) Dec 31, 2021 Preparation of Journal entry for interest payment

Dr Interest expense $8 million

Cr Cash 8 million

[($200 million * 8%) *6/12]

3) Dec 31, 2021 Preparation of Fair value adjustment

Dr Bonds Payable $12million

Cr Adjustment in fair value $12 million

($200 million - $188 million)

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3 years ago

Thandi's boutique has employed under the age of 16 is it unethical

Veseljchak [2.6K]

It is not immediately unethical to employ someone under the age of 16, but if the workload of the child is that of an adult, it is not allowed. There are special laws that protect the health and safety of a young person in employment. The job of the child must be considered and must not be too heavy.

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4 years ago

Camilla makes and sells jewelry. She has 8160 silver beads and 2880 black beads. Each necklace will contain 85 silver beads and

elixir [45]

8160/85=96
2880/30=96

She can make 96 <span>necklaces.</span>

4 0

3 years ago

Theory of production​

Theory of production