Answer:
Master Production Schedule (MPS)
Week 1 2 3 4 5 6 7 8
Forecast Customer Order 75 75 75 75 75 75 75 75
Customer Orders 75 53 26 18 0 0 0 0
Projected On-Hand Inventory 25 50 75 0 25 50 75 0
MPS 100 100 100 0 100 100 100 0
Explanation:
a) Data and Calculations:
Master Production Schedule (MPS)
Week 1 2 3 4 5 6 7 8
Forecast Customer Order 75 75 75 75 75 75 75 75
Customer Orders 75 53 26 18 0 0 0 0
Projected On-Hand Inventory
MPS
Formulas for Projected On-Hand Inventory
Week 1 = Beginning Inventory + MPS – MAX (Forecast:Customer Order)
Highest number
Weeks 2 – 8 = Previous Week Inventory + MPS – (Forecast: Customer Order)
Manufacturing overhead= $57,600
Explanation:
To calculate the Conversion costs, we need to use the following formula:
Conversion costs= direct labor + manufacturing overhead
Now, if direct labor is 60% of conversion costs, then:
Conversion costs= direct labor / (1 - 0.4)
Conversion costs= 86,400 / 0.6
Conversion costs= $144,000
Finally, we determine the manufacturing overhead:
Manufacturing overhead= 144,000 - 86,400
Manufacturing overhead= $57,600
Answer:
Job analysis
Explanation:
Job analysis is a process in which a firm identifies duties, responsibilities, skills, know-how and ability needed for a particular job.
Job analysis is done when a particular job position is about to the filled. By doing job analysis, firms can ensure that only people with attributes that match the job analysis apply for the job position that is to be filled.
Conditions such as level of experience, skills, ability, technical know-how among other things are verified for the job position.
Cheers.
Answer:
Purchased calculators from Dragoo Co. at a total cost of $1,650:
- Dr Inventory 1650
- Cr Accounts Payable 1650
Paid freight of $60 on calculators:
- Dr Inventory 60
- Cr Cash 60
Returned calculators to Dragoo Co. for $52:
- Dr Accounts Payable 52
- Cr Inventory 52
Sold calculators costing $580 for $760 to Fryer Book Store:
- Dr Accounts Receivable 760
- Cr Sales Revenue 760
- Dr COGS 580
- Cr Inventory 580
Granted credit of $45 to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $32.20
- Dr Sales Returns and Allowance 45
- Cr Accounts Receivable 45
- Dr Inventory 32.20
- Cr COGS 32.20
Sold calculators costing $650 for $800 to Heasley Card Shop:
- Dr Accounts Receivable 800
- Cr Sales Revenue 800
- Dr COGS 650
- Cr Inventory 650
I guess the correct answer is Longitudinal study
After their marriage, Patrick and Mary Anne agreed to participate in a research project that investigated differences in the level of marital satisfaction over time. Every five years they had to complete a survey that indicated their marital satisfaction. Patrick and Mary Anne are participants in a Longitudinal study.
