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3 years ago

Kennedy Company reports the following costs and expenses in May.

Business

1 answer:

mamaluj [8]3 years ago

4 0

Answer:

a. $161,350

b. $398,050

c. $81,140

Explanation:

<u>Total amount of manufacturing overhead</u>

Factory utilities $16,500

Depreciation on factory equipment $12,650

Indirect factory labor $48,900

Indirect materials $70,800

Factory manager's salary $8,000

Property taxes on factory building $2,500

Factory repairs $2,000

Total $161,350

Note : Manufacturing Overheads are Indirect Manufacturing Costs that can not be easily traced to the Product being manufactured.

<u>The total amount of product costs</u>

Direct materials used $157,600

Direct labor $79,100

Manufacturing Overhead $161,350

Total $398,050

Note : Product Costs are Direct Manufacturing Costs that can be easily traced to the Product being manufactured.

<u>The total amount of period costs</u>

Depreciation on delivery trucks $3,800

Sales salaries $48,400

Repairs to office equipment $1,300

Advertising $23,000

Office supplies used $4,640

Total $81,140

Note : All Non Manufacturing Costs are Period Cost. Period Costs are expensed in the Income Statement.

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For a profitable firm, an increase in which one of the following will increase the operating cash flow?

disa [49]

Employee salaries

The employee salaries is something that comes under the Operating Activities of a business, in its Cash Flow Statement. Therefore an Operating Cash Flow would be Employee Salaries in this case.

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3 years ago

Which of the following cannot be shown on a production possibilities graph?

choli [55]

I believe the answer is: <span>the allocation method

production possibilities graph could only include the factors that can be projected after doing combination of various products' production.
Allocation method only play role in the technique that can be used to produce the products and cannot be considered as data projection from the production

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3 years ago

Read 2 more answers

For years Print and Copy, a copier machine supplier, enjoyed strong sales and a huge share of the copier market, far ahead of it

anzhelika [568]

Answer:

<h2>The answer, in this case,would be option D. given in the answer choice or closed.</h2>

Explanation:

A closed system strategy basically signifies a confined and a non transparent business strategy which is characterized by a limited interaction between the concerned company or business organizations and its customers.
Under the closed system, the companies or business organizations often stick to their traditional or conventional products and services and are usually not open or receptive to contemporary and recent market trends and patterns adopted by their competitors.
In this case, Print and Copy mostly relies on their selling existing product lines which have traditionally yielded higher revenue and consolidated company's market share in the industry in comparison to its market competitors. It also doesn't depend much on product modification based on respective customer feedback and reviews to enhance customer satisfaction and market goodwill or reputation,thereby,exhibiting infrequent and limited business and customer interaction.

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3 years ago

A conservative investor has a portfolio that consists of diversified investments in equity securities, debt securities, and mone

satela [25.4K]

Answer:

Real Estate-Related Investments.

Explanation:

Real estate related investments involves the purchase, management, renting and sale of real estate properties with the aim of making profit.

Real estate investment is capital intensive and has low liquidity compared to other forms of investment.

This will be a good option for the conservative investor because real estate investment is stable and not prone to huge losses that can be incurred in the money markets. Also real estate is not affected by equities market. So will be a safety net in case of failure in the equity market.

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3 years ago

A corporation issued 5,000 shares of its $1 par value common stock in exchange for land (market value $30,000) and a building (m

olga2289 [7]

Answer:

The correct option is A,Debit Land and Building, $130,000; Credit Common Stock, $5,000; Credit Paid-in Capital in Excess of Par Value, Common Stock, $125,000.

Explanation:

The sum of the two market values of both land and building is $130,000($100,000+$30,000),which would be debited to land and building account to show that the asset has increased due to new acquisition.

In the common stock account the par value of the shares which is $5,000($1*5000) would be credited to it.

The difference between the market value of assets acquired and the common stock amount which is $125,000($130,000-$5,000) would be credited to paid in capital in excess of par account.

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3 years ago