Answer:
If Concord Corporation purchase from outside it total cost will increase by $4500.
Explanation:
Cost of producing the units using current production:
Direct Material Cost $21000
Direct Labour Cost $5500
Variable Overhead Cost $19000
Total Cost of Production $45500
So, Purchase cost minus production cost
Gives $50000 - $45500 increase in cost purchase over production by $4500
Note:
Fixed cost is irrelevant for Concord Corporation either purchase or produce it will remain same.
You would record this transaction into the accounting equation by: increasing cash and decreasing accounts receivable
<h3>
What is accounting?</h3>
Accounting refers to the process of keeping track of a company's financial transactions. Summarizing, analyzing, and reporting these transactions to oversight organizations, regulatory bodies, and tax collection organizations are all parts of the accounting process.
The financial statements that are used in accounting provide a succinct overview of all financial transactions that took place during a given accounting period, including information on a company's operations, financial situation, and cash flows.
One of the essential duties in practically any firm is accounting. In a small business, it might be handled by a bookkeeper or an accountant; in larger corporations, it might be handled by vast financial departments with dozens of staff members.
Management may greatly benefit from the data produced by different streams of accounting, including cost accounting and managerial accounting, in order to make wise company decisions.
Learn more about accounting
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A design firm wants to hire a senior manager to oversee its architecture division.The design firm will hire -Hayley has been a manager for a decade designed many buildings as an Architect has supervised projects for clients
Explanation:
The design firm will hire Hayley for the position of senior manager in its architecture division because Haley has already hold the managerial position as well he has supervised many Architectural projects and has also designed many buildings ,so Hayley has the right job experience that is required for the senior manager position.
Considering other applicants we see that Samuel has experience only in designing the building not experience related to supervision and have not even held a managerial position.Rhonda is a mechanical engineer and have experience in designing building but does not have a prior experience in in holding any managerial or supervisory position.The same holds true with Enrique also.
so the correct answer is Hayley is the most appropriate candidate.
Answer:
The correct answer is D. In terms of a percent of a base amount.
Explanation:
As the objective of the vertical analysis is to determine how much each account of the asset represents within the total of the asset, the account to be determined must be divided by the total of the asset and then proceed to multiply by 100. If the total of the asset It is 200 and the available is 20, so we have (20/200) * 100 = 10%, that is, the available represents 10% of the total assets.
It can be said, for example, that the available (cash and banks) should not be very representative, since it is not profitable to have a large amount of cash in the cash or in the bank where it is not generating any profitability. Every company should try not to have more cash than is strictly necessary, with the exception of financial institutions, which due to their corporate purpose must necessarily conserve significant cash resources.
Answer:
The "Employee salaries and wages" in the flexible budget for December is $85,200
Explanation:
To compute the employee salaries and wages in the flexible budget we have to use the formula which is given below:
= (Fixed element of employee salaries and wages) + (variable element of employee salaries and wages × number of wells service during the year)
= ($56,400) + ($900 × 32 wells)
= $56,400 + $28,800
= $85,200
Other information which is given in the question is irrelevant, thus it is not considered in the computation part.
Hence, The "Employee salaries and wages" in the flexible budget for December is $85,200