Which of these will most likely have a positive effect on your lifestyle?

Goodmark Company produces two types of birthday cards: scented and regular. Expected product data for the coming year are given

pochemuha

Answer:

Setups: $ 144,000

Moving materials: $72000

Machining: $22,200

Inspection: $17,777.78

Explanation:

Goodmark Company

Scented Cards Regular Cards Total

Units produced 20,000 200,000 -

Prime costs $160,000 $1,500,000 $1,660,000

Direct labor hours 20,000 160,000 180,000

Number of setups 60 40 100

Machine hours 10,000 80,000 90,000

Inspection hours 2,000 16,000 18,000

Number of moves 180 120 300

First we find the rate by dividing the overhead costs with the corresponding cost driver as follows.

Overhead costs: Rate

Setting up equipment $240,000 = Setting up equipment / Number of setups=$240,000/100=2400

Moving materials 120,000 = Moving materials/Number of moves

120,000/300=400

Machine 200,000 = Machining/Machine hours

= 200,000/ 90,000=2.222

Inspecting 160,000 = Inspection/Inspection hours

= 160,000/18000= 8.89

Now we find the overhead applied to the scented cards by multiplying the rate to the corresponding overhead activity of the scented cards.

Activity Rate Scented Cards

Setups: 2400 2400*60=$ 144,000

Moving materials: 400 400*180= $72000

Machining: 2.22 2.22*10,000=$22,200

Inspection: 8.89 8.89*2000= $17,777.78

8 0

3 years ago

Indicate whether each of the following accounts represents an asset, liability, or owner's equity: (a) Accounts Payable (b) Wage

Temka [501]

Answer:

I don't know

Explanation:

Do I really need a explanation? 0~0

8 0

3 years ago

The City of Bamberg, which has a fiscal year end of December 31, issued a nine month $1,000,000 bond anticipation note on July 1

evablogger [386]

Answer:

$1,000,000

Explanation:

The computation of the Capital Projects Fund liability for the note is shown below:

= Issued price

= $1,000,000

The time period should be ignored. As the question has asked about the Capital Projects Fund liability , so we consider only the amount i.e $1,000,000 without considering its time period, and the dates which are mentioned in the question.

5 0

3 years ago

On Mar 3, Lyons Company paid dividends of $1,000. Use your knowledge of what a correct journal entry should look like to identif

Anastasy [175]

E:cash would be debited and listed first

3 0

3 years ago

How do people become successful as a real estate developer?

Roman55 [17]

Hello there!

A real estate developer job is to get houses to sell them, get land to build houses and sell them, and get previous owned houses and sell them. They pretty much get property and sell it. As a real estate developer, the main goal that someone should have is to make more money than they paid for the property. This means that they would need to be making profit in order to really see a progress in income.

Let's give you an example when a real estate developer buys a house:

Johan, a real estate developer, bought a house $275,000. He then goes on a website and advertises the house for $285,000.

What Johan is trying to do here is make profit form the house he just purchased, since the extra money he will be getting if the house is sold will be a surplus to the original amount.

Let's give you an example when a real estate developer buys land:

Susan buys 1 acre of land for $1.2 million, she then has a construction crew build a house, and that costed her $750,000.

At the end of the day, Susan spent $1.95 million (1,950,000) on the house in total.

She then sells the house on a website for $2.5 million (2,500,000).

This means that Susan made a surplus of $550,000 from the price she originally payed for.

It's best when a real estate developer sells property for more than what they payed for, so they would be making profit (extra money). It's bad when a real estate developer tries to sell a house for lower than they originally payed for, then they would be losing money. That's why when there is a specific price for a house, a real estate developer usually doesn't want to drop the price of the house any cheaper; they want to stick with their price so they could make money.

A real estate developer could also start their own company, and make more profit if they stick to the trick of selling the property for more than what they paid for. If they stick to the trick, then they would be making even more money since they would have multiple people in a company doing it all at once, in different places too.

4 0

3 years ago