Answer:
a. Revenues, expenses. and dividends - Temporary accounts
b. List of permanent accounts and their balances - Post-closing trial balance
c. Transfer of temporary balances to retained earnings - Closing entries
d. List of permanent and temporary accounts and their balances - Adjusted trial balance
e. Assets, liabilities, and stockholders' equity - Permanent accounts
Answer:
1. $6.50 per machine hour
2. $920
3. $ 17.69
4. $21.23
5. <u>Pricing methodology - Cost plus Mark -up</u>
- This ensures that the price charged covers all costs related to the product, which is good for maintaining profits.
- However the price does not consider the market demand and competition which might affect sales volumes
Explanation:
<u>Predetermined overhead rate</u>
Predetermined overhead rate = Budgeted Overheads / Budgeted Activity
= $650,000 / 100,000
= $6.50 per machine hour
<u>Total manufacturing cost assigned to Job 400</u>
Direct material $450
Direct labor cost $210
Overheads Applied ($6.50 × 40) $260
Total manufacturing cost $920
<u>Unit product cost for Job 400</u>
Unit product cost = Total Cost / Number of units completed
= $920 / 52 units
= $ 17.6923
= $ 17.69
<u>Selling price if Moody uses a markup percentage of 120%</u>
Selling price = Unit product cost × 120 %
= $ 17.69 × 120%
= $21.23
<span>The river as a natural boundary is more efficient than traditional fencing is a net advantage because you don't have to repair it. The costs are therefore lower. A fence can be easily broken if people want to get over it. A river, if it is wide, is harder to get over.</span>
The actions that Carly displays are considered to be legal as it does not involve of doing things that may be considered for it to be illegal in any way but the way she does these things is highly unethical because she doesn't necessarily need to do this because it could it is not biased and her way of doing things affects her decision that is not in a professional way.
It is correct to say that as a sales manager for three points of sales in his organization, Jasper was a staff manager.
<h3 /><h3>What is staff management?</h3>
It corresponds to the process of leading work teams in different departments, being responsible for guiding and directing employees, in order to establish their responsibilities in an optimized and effective way.
Therefore, staff managers are responsible for leading departments generating consultancy and support for work development.
Find out more about management here:
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