An advantage of a centralized purchasing department is specialization.
<h3>What is a
centralized purchasing department?</h3>
A centralized purchasing department is when only a single department is in charge of procurement of goods and services for the whole company. This department is usually located at the headquarters of the company.
<h3>Advantages of a
centralized purchasing department</h3>
- It reduces the frequency of shipping
- It encourages specialisation.
- The company has better control in the purchase of goods.
To learn more about bureaucracy, please check: brainly.com/question/9416689
They should be allocated by general payments to each person.
Note amount: $6,000
Interest amount: 8%
Months left in the year: 5
To solve:
Multiply the note amount by the percentage and the amount of months left out of the year.
$6,000 x 8% x 5/12 = $200
Journal Entry:
Interest Receivable $200
Interest Revenue $200
Answer:
$692,000
Explanation:
The computation of cost of renovating is shown below:-
Cost of renovating = Salary dropped + Owned money + Borrow money + Total interest
= $50,000 + $200,000 + $400,000 + ($700,000 × 6%)
= $50,000 + $200,000 + $400,000 + $42,000
= $692,000
Therefore for computing the cost of renovating we simply applied the above formula.
Answer:
Total cost= $2,000
Unitary cost= 2 per unit
Explanation:
Giving the following information:
Lot=100 skateboards
Direct materials= $600
Direct labor costs= $200
Overhead is applied using a rate of 150% of direct materials costs.
To calculate the total cost, first, we need to allocate overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 1.50*600= $900
Total cost= 900 + 200 + 900= $2,000
Unitary cost= total cost/number of units
Unitary cost= 2,000/100= $2 per unit