Answer:
b) Direct materials price.
Explanation:
The purchasing manager would be associated to the quantity purchased and for the purchase price it is bought.
Therefore, labor variances are not his consideration.
And also in material variances we know, direct material quantity variance is calculated for the quantity <em>used</em> in production and not the quantity purchased, although the later is dealt by purchase manager the former relates to production manager.
Purchase manager is responsible and concentrates on the price at which the direct material is bought.
Thus, the correct option is
b) Direct materials price.
Answer:
2016 - $36,450
2017 - $48,600
Explanation:
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
($286,000 - $43,000) / 5 = $48,600
the depreciation expense each year would be $48,600 except in 2016 because it the machine was only used for 9 months
Depreciation expense in 2016 = (9 / 12) x $48,600 = $36,450
Answer:
c. Debit: Discount on notes payable, $41,884.
Explanation:
The journal entry is shown below:
Equipment $883,116
Discount on Notes payable $41,884 ($740,000 - $698,116)
To Notes payable $740,000
To Cash $185,000
(Being the amount paid in cash and note payable is recorded)
Working note
= Note payable amount × PVF factor at 6% for one year
= $740,000 × 0.94340
= $698,116
For recording this we debited the equipment as it increased the assets and discount is always debited while the note payable and cash is credited as it increased the liabilities and reduced the assets
Practices that reduce competition without actual documented agreements between firms to raise price are commonly referred to as <u>restrictive practices.</u>
<h2>
How does competition affect the demand curve of a firm?</h2>
When competing firms establish prices in response to the prices set by their competitors, the demand curve that each firm faces becomes ambiguous. Increased government wheat price subsidies will not make wheat growing more lucrative.
<h2>
What has the regulator allowed firms to do to set prices?</h2>
The regulator has allowed for an adjustment for the firm's usual rate of profit, and then established the price that customers can be paid correspondingly.
<h2>What are Restrictive practices?</h2>
Restricted interventions are another term for restrictive practice. This is when someone is forced to do something they don't want to do or is prevented from doing something they want to do.
This can be accomplished by employing:
- seclusion.
- environmental constraint medication (sometimes referred to as chemical restraint).
- mechanical restraint psychological restraint.
Learn more about Restrictive Practices:
brainly.com/question/4473152?referrer=searchResults
#SPJ4
Answer:
a. 32 refrigerators
b. 29 refrigerators
Explanation:
a. The computation of the economic order quantity is shown below:
= 32 refrigerators
b. Now the reorder point is
= Annual demand ÷ total number of days in a year × lead time + (service level × standard deviation for the lead time)
= 500 units ÷ 365 days × 7 days + (1.90 × 10 units)
= 9.59 + 19
= 29 refrigerators