Answer:
$92,400
Explanation:
Supplies expense for 2020 would be calculated as;
= Ending balance in supplies account on December 31, 2019 + Payment for new supplies in 2020 - Balance in supplies account at the end of year 2020
Given that ;
Ending balance in supplies account = $48,400
Payment for new supplies = $86,000
Balance in supplies account at the end of year 2020 = $42,000
Therefore,
Supplies expense for 2020
= $48,400 + $86,000 - $42,000
= $92,400
Answer:
a. $6
b. $3204000
Explanation:
Given:
- Product X is 534,000 units
- cost for materials $1,441,800
- cost for labour: $1,762,200
(a) a standard cost
As we know standard cost is the cost of producing 1 unit and is recorded in a standard cost card. However, the cost of labor, materials and overhead are used to make a single unit, so
standard cost = unit variable cost = the total cost / the total number of unit.
In this situation, the overheading cost is not gven, so the total cost:
= The cost of labor + materials
= $1,441,800 + $1,762,200
= $3204000
=> standard cost = $3204000 / 534,000 = $6
(b) a budgeted cost represents the total costs
The total number of units * standard cost
= 534,000 * 6
= $3204000
Answer:
The Federal Reserve pursued policies that most closely followed the theories of Keynes and Friedman. Both economists argued that aggregate demand could be influenced through policies. They believed that this could help the economy recover or grow. The Fed seemed to follow Keynes's theories by taking action to intervene. It also seemed to follow Friedman's thinking by focusing on increasing the money supply through monetary policy.
Explanation:
In 1979, Michael Porter developed a model of competitive analysis that became popularly known as "Porter's 5 forces". That are:
- Rivalry between competitors;
- Bargaining power of suppliers;
- Bargaining power of customers;
- Threat of new competitors;
- Threat of new products or services.
These five forces help the organization to position itself in the market, discovering essential information about the macro environment, such as information about competitors, which contributes to the effectiveness of quality management, based on efficient techniques on market analysis.
Porter also defined 3 general strategies that can be applied in any company, regardless of size and area of operation, so that it is possible to achieve a competitive and differentiated position in the current market.
- Cost leadership,
- Differentiation and
- Focus.
In the case of Quebecor Printing, analyzing its strategy of offering a personalized service using "selective binding" to print, it can be said that the company uses Porter's focused differentiation strategy, whose main characteristics are to provide a differentiated service from competitors for satisfy the needs of the consumer, so it is important that the company also invests in process improvement, such as improving the technical training of employees and developing market segmentation research so that the entry into markets in other locations occurs according to the needs and particularities of the target audience of a given location.
Answer:
1. Bechtel, Reston, Va - Heavy and Highway
2. Fluor Corp, Irving, Texas - Multiunit housing
3. Turner Corp, New York - Non Residential Building
Explanation:
Engineering News Record (ENR) is the American magazine which is widely used by analysts and businessmen. This magazine is considered for its reliability and this is considered as most authoritative publication. It ranks the contractors in different categories. The rankings of the magazine may be different for the contractors every year.
