Answer:
Dr Accounts payable 2,940
Dr Purchase discounts lost 60
Cr Cash 3,000
Explanation:
The original invoice was recorded as:
Dr Merchandise inventory 5,880
Cr Accounts payable 5,880
When half the merchandise was returned:
Dr Accounts payable 2,940
Cr Merchandise inventory 2,940
When the invoice was paid after the discount period had expired:
Dr Accounts payable 2,940
Dr Purchase discounts lost 60
Cr Cash 3,000
Answer:
Support media
Explanation:
Direct marketing is a form of marketing to create awareness directly to the existing customer or pre selected customer and method been used by advertiser to get direct response from customer, this help the organization to get future sales. Support media is used as a part of direct marketing that help in create awareness and gather attention of customer as some traditional media is been used.
Few examples of support media are:
- Mobile billboards.
- In-store media.
- Yellow pages.
- Promotional product.
- Areial Advertising.
Answer:
This question refers to a situation where two team leaders (or co-leaders) were engaged in a romantic relationship. When relationships end, things start to change form being great to the opposite. This eventually led to a decrease in the team's productivity and could eventually result in a harassment lawsuit because Randall refused to let Abbe go and kept insisting on the failed relationship.
Since management didn't care about what was happening (even though Abbe told them), and they only cared about the decrease in productivity; we can conclude that they were engaging in a stability strategy. They were trying to maintain the status quo and turn everything back as it used to be before the relationship started, but things were not that easy.
Answer:
XOXO
1. Predetermined Manufacturing Overhead (MOH) rate = estimated overhead divided by total direct labor = $4,600/460 = $10 per direct labor
2. Analysis of cost per set for Job 12:
Raw materials:
Electronic parts: 40 units at $20 per unit = $800
Plastic: 10 kilograms at $10 per kilogram 100
Labor hours: 60 hours at $25 per hour 1,500
Manufacturing overhead applied $10 per 600
labor hour
Total Cost $3,000
Divided by 30 sets = $100 per set
Explanation:
The manufacturing overhead rate is the rate at which overhead will be charged to the jobs completed as part of the cost of production. As an estimate, it can be overapplied or underapplied.
Answer:
a 1,560 units
b 780 units
c 390 units
d $18,720
e $9,360
Explanation:
Given that;
Production = 292,000
Daily demand , d = 400
Annual demand , D = 400 × 365 = 146,000
Production rate , P = 292,000 ÷ 365 = 800
Set up cost , Cs = $100
Holding cost , Ch = $24
a. What is the production order quantity
= √2 * D * Cs / CH × (p / p - d)
= √ 2 * 146,000 * 100/24 × (800/800-400)
= √1216666.6667 × 2
= √2433333.3334
= 1559.91
=1,560 units approximated.
b. What is the maximum inventory on hand
= EPQ × [ 1 - (d÷p) ]
= 1,560 × [ 1 - (400 ÷ 800) ]
= 1,560 × 0.5
= 780 units
c. What is the average inventory
= Maximum inventory ÷ 2
= 780 ÷ 2
= 390 units
d. What are the total holding costs
= EOQ/2 * Holding cost
= 1,560/2 * 24
= 780 *24
= $18,720
e. What does it cost to manage the inventory
= Holding cost * (Maximum inventory ÷ 2)
= 24 * (780 ÷ 2)
= 24 * 390
= $9,360
