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3 years ago

The process cost summary summarizes:_________

Business

1 answer:

natka813 [3]3 years ago

4 0

Answer and Explanation:

The summary of the process cost involves the physical flow of units, equivalent units of production, cost per equivalent unit, and the total cost assignment to the units worked on the given time period

Only these four things would be shown in the summary of the process cost

Other than this would be ignored

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Which of the following is NOT a valid principle of bottleneck management?A.Increasing the capacity of a non-bottleneck station

larisa86 [58]

The answer is: D. Increasing the capacity of the bottleneck increases capacity for the whole system

Companies who use bottleneck management would stock large number of their products in their disposal before eventually release them to the consumers on a large scale.

Increasing the capacity of the bottle neck does not necessarily increase the capacity of the whole system because there are limits on how much the employees (specifically the sales department) could sell. There is always a huger risk of overstock that could resulted in a huge loss for the company.

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4 years ago

Jenny was buying the company’s first digital copier, and she involved all of the company's department heads in the decision. Jen

Iteru [2.4K]

Answer:

Explanation:

A new buy <em>is a situation that requires an item to be purchased for the very first time. </em>

It is crucial for the business seller to provide a compelling argument in this type of purchasing situation to use their product line and a lot of information to help the business owner make an informed choice.

A new buy scenario can take much longer to happen as participants in the research evaluation and purchase center will have to make the final decision.

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3 years ago

Performed services for $25,000 cash. Purchased land for $6,000 cash. Hired an accountant to keep the books. Received $50,000 cas

Maurinko [17]

Answer:

1. Operating Activities (OA)

2. Investing Activities (IA)

3. Not Applicable (NA)

4. Financing Activities (FA)

5. Financing Activities (FA)

6. Operating Activities (OA)

7.Investing Activities (IA)

8. Financing Activities (FA)

9. Operating Activities (OA)

10. Financing Activities (FA)

b. Ending Cash Balance $60,200

Explanation:

a. To Indicate how each of the events would be classified on the statement of cash flows as OPERATING ACTIVITIES (OA), INVESTING ACTIVITIES (IA), FINANCING ACTIVITIES (FA), or NOT APPLICABLE (NA).

1. Based on the information it these transaction will be classified as OPERATING ACTIVITIES (OA)

2. Based on the information it these transaction will be classified as INVESTING ACTIVITIES (IA)

3.Based on the information it these transaction will be classified as NOT APPLICABLE (NA)

4. Based on the information it these transaction will be classified as FINANCING ACTIVITIES (FA)

5. Based on the information it these transaction will be classified as FINANCING ACTIVITIES (FA)

6. Based on the information it these transaction will be classified as OPERATING ACTIVITIES (OA)

7. Based on the information it these transaction will be classified as INVESTING ACTIVITIES (IA)

8. Based on the information it these transaction will be classified as FINANCING ACTIVITIES (FA)

9. Based on the information it these transaction will be classified as OPERATING ACTIVITIES (OA)

10. Based on the information it these transaction will be classified as FINANCING ACTIVITIES (FA)

b. Preparation of a statement of cash flows for 2018. Assume All-Star Automotive Company had a beginning cash balance of $9,000 on January 1, 2018.

STATEMENT OF CASH FLOWS

CASH FLOWS FROM OPERATING ACTIVITIES:

Cash receipts from revenue: $25,000

Less Cash payment for salary expense ($14,000)

Less Cash payments for utilities expense ($2,800)

Net cash flow from operating activities $8,200

CASH FLOWS FROM INVESTING ACTIVITIES:

Cash from the sale of land $9,000

Less Cash paid to purchase land ($6,000)

Net cash flow from investing activities $3,000

CASH FLOWS FROM FINANCING ACTIVITIES:

Cash receipts from stock issue $50,000

Add Cash receipts from loan $5,000

Less Cash payment on loan ($10,000)

Less Cash payments for dividends ($5,000)

Net cash flow from financing activities $40,000

Net increase in cash $51,200

($4,200+$3,000+$40,000)

Add Beginning cash balance $9,000

ENDING CASH BALANCE $60,200

Therefore the statement of cash flows for 2018 Ending Cash Balance is $60,200

8 0

3 years ago

A company incurred the following manufacturing costs this period: direct labor, $468,000; direct materials, $390,000; and factor

viktelen [127]

Answer:

25%

Explanation:

Given that,

Direct labor = $468,000

Direct materials = $390,000

Factory overhead = $117,000

The overhead rate as a percent of direct labor cost is determined by dividing the factory overhead by the direct labor cost.

Overhead rate:

= (Factory overhead ÷ Direct labor cost) × 100

= ($117,000 ÷ $468,000) × 100

= 0.25 × 100

= 25%

8 0

3 years ago

Karen Meyer owns and operates Crystal Cleaning Company. Recently, Meyer withdrew $10,000 from Crystal Cleaning, and she contribu

m_a_m_a [10]

Answer:

a) Karen Meyer's personal records

c) American Red Cross

Explanation:

Crystal cleaning has no concers of the money once it is withdrew.

Now the contribution will be in Karen records. She may use it for tax benefit or just to have an archive of whis espending. Either way if she keeps accounting for his own money, then it will be recorded.

Also the American Red Cross will record the cash received along with other donations.

4 0

3 years ago