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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:

Total amount of manufacturing overhead

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.

The total amount of product costs

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.

The total amount of period costs

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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Answer: A.) An enterprise search software

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2 Static game ISuppose two players are playing a game, Even and Odd. Each player has a penny and mustsecretly turn the penny to

Andreyy89

Answer: The answers are provided below.

Explanation:

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The payoff matrix for this game has been attached.

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3 years ago

The Pinetop Corporation issues 1,000 shares of 6%, $100 par value preferred stock at the beginning of 2014. All remaining shares

lidiya [134]

Answer:

$12,000 and $6,000

Explanation:

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3 years ago

What is the name of the legal documents that specify arrangements between partners?

mash [69]

Answer:

C. Partnership Agreement

Explanation:

It's the legal document that dictates the way a business is run and details the relationship between each partner.

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2 years ago

Are budgets part of the performance measurement system or the performance reward system? a. Part of both the performance measure

Paraphin [41]

Answer:

The correct answer is letter "A": Part of both the performance measurement system and the performance reward system.

Explanation:

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In case the company's expenses are higher, investors may not consider the performance of the executives and the overall firm as appropriate. If the expenses are below the budget estimate at the productivity level desired, investors could be interested in maintaining or improving the current business process and being the rewards for managers higher.

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3 years ago