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3 years ago

Rafner Manufacturing identified the following budgeted data in its two production departments.

Business

1 answer:

boyakko [2]3 years ago

8 0

Answer:

$99.78; $39.76

Explanation:

Assembly:

Manufacturing overhead costs = $1,257,300

Direct labor hours = 12,600 DLH

Machine hours = 6,600

Departmental Overhead rate for Assembly:

= Estimated Overhead Cost ÷ Estimated Direct labor hours

= $1,257,300 ÷ 12,600

= $99.78

Finishing:

Manufacturing overhead costs = $660,000

Direct labor hours = 20,600 DLH

Machine hours = 16,600

Departmental Overhead rate for Finishing:

= Estimated Overhead Cost ÷ Estimated Machine hours

= $660,000 ÷ 16,600

= $39.76

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Stylist Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been

docker41 [41]

Answer:

Date General Journal Debit ($) Credit ($)

July 31 Fees Earned 520,400

Wages Expense 488,000

Rent Expense 65,000

Supplies Expense 11,200

Miscellaneous Expense 13,900

Marlena Fenton, Capital (57,700)

(To close Revenue and Expense accounts)

July 31 Marlena Fenton, Capital 11,000

Marlena Fenton, Drawing 11,000

Explanation:

Marlena Fenton, Capital = $880,000

Marlena Fenton, Drawing = $11,000

Fees Earned = $520,400

Wages Expense = $488,000

Rent Expense = $65,000

Supplies Expense = $11,200

Miscellaneous Expense = $13,900

Marlena Fenton, Capital = $520,400 -($488,000 + $65,000 + $11,200 + $13,900) = ($ 57,700)

7 0

4 years ago

Scenario planning is a useful technique for firms competing in industries characterized by __________ and ____________.

Gnom [1K]

The blank spaces will be filled by these words:
1) U<span>npredictability
2) Change

Scenario planning or as is alternatively called Scenario thinking, is a vital planning strategy which is used by some associations to make adaptable long term plans. It is an adjustment and adaption of classical techniques used by military intelligence.
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6 0

4 years ago

Real GDP ______. A. accurately measures leisure time and life expectancy comma but does not accurately measure the general heal

professor190 [17]

Answer:

Explanation:

Real GDP measure total economic output by an economy in a specific geographical boundary regardless of ownership of factors of production, within a year, ceteris paribus.

Real GDP is a good indicator but is not a perfect indicator as underground economy (private tuition whereby taxes and consumption of goods and services) are not accounted for.

Real GDP does not measure Non-Material standard of living like leisure hours, health and life expectancy... It needs other indicators.

Both B and D is a bit effy as:

For D, GDP does not even measure such Non-Material SOL

For B, GDP is not 100 percent accurate on measuring household production (local production? I believe there is no such phrasing as household production as by economics, household is involved in household spending, Contributing to Consumption expenditure in Aggregate Demand.) as there are other factors like presence of underground economy that is not accounted for.

However, B seems like the most accurate ans as it still measures national output.

5 0

3 years ago

Suppose a negative externality exists in a market. if transactions costs are low and parties are willing to bargain then, accord

soldier1979 [14.2K]

Under these conditions an efficient solution can be reached regardless of the initial assignment of property rights.

3 0

3 years ago

Following is partial information for the income statement of Audio Solutions Company under three different inventory costing met

Tamiku [17]

Answer:

The computation is shown below:-

Explanation:

1. FIFO LIFO Average cost

Cost of goods sold

Beginning inventory $11,200 $11,200 $11,200

(400 units × $28))

purchases $16,625 $16,625 $16,625

(475 units × 35)

Goods available for use $27,825 $27,825 $27,825

Ending inventory $18,025 $15,575 $16,695

(525 units)

Cost of goods sold $9,800 $12,250 $11,130

under ending inventory = 475 × $35 + 50 × $28

FIFO = $18,025

LIFO ending inventory 400 × $28 + 125 × $35

= $15,575

Average cost = $27,825 ÷ $875

= 31.8

Ending inventory = 525 × 31.8

= $16,695

2. FIFO LIFO Average

Sales

(307 × $50) $15,350 $15,350 $15,350

Cost of goods sold $9,800 $12,250 $11,130

Gross Profit $5,550 $3,100 $4,220

Expenses $1,680 $1,680 $1,680

Net income $3,870 $1,420 $2,540

3. FIFO = 3

LIFO = 2

Average = 1

5 0

3 years ago