The answer to the question corresponds to the case above:
The ethical issue raised by Marvin was not allowing his boss to learn new computers that would improve work.Bosses can be influenced by Marvin because Marvin gives reasons to use computers to improve skills.Best scenario: The boss forgives supporting Marvin for using the new computer to understand the computer which will benefit the jobSocial action is an action based on a form of social fact that has a major influence on social life, where the social system in this influence is created from the relationship of individuals to their groups.
Situations in social interaction will shape the social actions of all individuals in the relationship. A gripping situation will create fear and force the mind to seek ideas as a solution.
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increasing opportunity cost exists a. inside the ppf but not on the ppf. b. in the real world. c. only in theory but not in real life. d. for a country but not for an individual. e. as long as there is high unemployment.
The increasing opportunity cost exists n the real world. The term "opportunity cost" in economics refers to the advantages lost while selecting one alternative over another.
What is the production possibilities curve?The trade-offs involved in dividing resources between the production of two things are depicted by a model known as the Production Possibilities Curve (PPC). The PPC can be used as an example to explain the ideas of scarcity, opportunity cost, efficiency, and economic growth and contraction.
When the opportunity cost of a good decreases as the output of the good increases, the PPC curve is shown as a straight line on a graph. When the opportunity cost of a good increases as the output of the good increases, the PPC curve is shown as a bowed-out curve from the origin.
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T/Fwhen a brand team defines the target market of consumers for their product, they do not worry about identifying many smaller subsets of consumers within their broad market.
The Statement is False. when a brand team defines the target market of consumers for their product, they do not worry about identifying many smaller subsets of consumers within their broad market.
A goal marketplace, additionally known as a serviceable available market (SOM), is a set of customers inside an enterprise's serviceable available market at which a business targets its advertising efforts and assets. A goal market is a subset of the full market for products or services.
The goal marketplace usually consists of purchasers who show off similar traits (along with age, vicinity, earnings, or way of life) and are taken into consideration most in all likelihood to buy a commercial enterprise's marketplace services or are in all likelihood to be the most worthwhile segments for the enterprise to the provider by way of OCHOM. as soon as the goal market(s) had been diagnosed, the commercial enterprise will usually tailor the marketing mix (four PlayStation) with the wishes and expectancies of the goal in mind. this can contain sporting out extra purchaser research if you want to gain deep insights into the typical consumer's motivations, buying habits, and media utilization styles.
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_____ refers to the process of collecting the outcomes needed to determine whether training is effective.
(a) Training evaluation
(b) Program design
(c) Performance appraisal
(d) Needs assessment
Training evaluation refers to the process of collecting the outcomes needed to determine whether training is effective.
Training evaluation is the methodical process of gathering data and utilising it to enhance your training. The evaluation gives you information to determine whether your training produced the desired results and aids in your decision-making on subsequent trainings.
When does formative evaluation involve gathering information from trainees on a training programme?
Summative evaluation occurs throughout the design and development of the programme, whereas formative evaluation occurs after training is finished.
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When a member is no longer qualified for advancement, the Commanding Officer/Office in Charge can withdraw the advancement recommendation at which of the following points?-When signing an evaluation only
-Before participating in Navy-wide advancement exam only
-At any time
-Prior to worksheet signing only
A Commanding Officer or Office in Charge can withdraw an advancement recommendation at any time if the member is no longer qualified for advancement. Correct option is C.
Advancement in the United States Navy refers to the process of promoting a service member to a higher rank within the organization. Advancement is based on a combination of factors, including performance, experience, and education, and is subject to rigorous standards and eligibility requirements.
The advancement process involves several steps, including evaluations, Navy-wide advancement exams, and recommendation by a Commanding Officer or Office in Charge. If a member is deemed eligible for advancement, the Commanding Officer or Office in Charge submits a recommendation to move the member forward in the process.
However, if a member is no longer qualified for advancement, the Commanding Officer or Office in Charge has the authority to withdraw the advancement recommendation at any time. This could occur, for example, if the member's performance or conduct drops significantly, if they are no longer meeting the eligibility requirements.
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Complete question is:
When a member is no longer qualified for advancement, the Commanding Officer/Office in Charge can withdraw the advancement recommendation at which of the following points?
A. When signing an evaluation only
B. Before participating in Navy-wide advancement exam only
C. At any time
D. Prior to worksheet signing only
A retail store in Des Moines, Iowa, receives shipments of a particular product from Kansas City and Minneapolis. Let
x= number of units of the product received from Kansas City
y= number of units of the product received from Minneapolis
a. Write an expression for the total number of units of the product received by the retail store in
Des Moines.
b. Shipments from Kansas city cost $0.20 per unit and shipments from Minneapolis cost $0.25
per unit. Develop an objective function representing the total cost of shipments to Des Moines.
c. Assuming the monthly demand at the retail store is 5000 units, develop a constraint that
requires 5000 units to be shipped to Des Moines.
d. No more than 4000 units can be shipped from Kansas City and no more than 3000 units can
be shipped from Minneapolis in a month. Develop the constraints.
e. State the mathematical model for satisfying the demand at the Des Moines retail store at
minimum cost.
a.) Because the total will be the sum of the two shipment quantities, total = y+x.
b.) The cost will equal the sum of the unit expenses for each shipment, therefore cost = $.20(x)+$.25(y).
c.) 5000 = x+y accepts any arrangement of x and y units.
d.) Total = x+y, where x = 4,000 and y = 3,000 (where <= denotes less than or equal to).
e.) The least cost occurs when the demand equation, ax+by, minimizes both a and b. Because we are unsure of the demand, we are unable to estimate a maximum value for an or b. Use the formula,
equation demand = $.20x, if portion b is to be referred to in the problem.
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The proprietor of a men's shop contracted on May 1 with a wholesaler of shirts to buy 300 men's long-sleeve white cotton shirts for $4per shirt, or $1,200. The parties each signed a purchase order calling for delivery of the shirts to the proprietor's place of business and payment of the purchase price on July 1. Two days later, the wholesaler discovered that he had made a mistake in his price quote. He told the propri- etor that, unless the proprietor paid him $8 per shirt, or a total price of $2,400, he would not be able to deliver the shirts. The proprietor refused to pay anything more than $1,200. When the wholesaler failed to deliver the shirts on July 1, the proprietor purchased 300 comparable shirts for $8 per shirt and brought suit against the wholesaler for damages.What is the likely result of this lawsuit?(A) The wholesaler will prevail because he made a unilateral mistake.(B) The wholesaler will prevail because of the doctrine of mutual mistake.(C) The wholesaler will prevail if the propri- etor had reason to know on May 1 that the wholesaler made a mistake in quoting the price of $4 per shirt.(D) Theproprietorwillprevail.
When the wholesaler was sued by the proprietor, the wholesaler will prevail if the proprietor had reason to know on May 1 that the wholesaler made a mistake in quoting the price of $4 per shirt (C).
When the wholesaler and the proprietor have a contract, the contract can be annulled if one of the party make a unilateral mistake. Option C is correct because when one party makes a unilateral mistake regarding the basic assumption of a contract and the other party knew or had reason to know of the mistake, then the mistaken party is allowed to rescind the contract.
In this case, if the proprietor noticed that the different on price of shirt by $4 was made by the wholesaler, then the wholesaler can rescind the contract and will be prevail on the lawsuit charged to them.
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Todrick Company is a merchandiser that reported the following information based on 1,000 units sold:
Sales $ 240,000
Beginning merchandise inventory $ 16,000
Purchases $ 160,000
Ending merchandise inventory $ 8,000
Fixed selling expense $ ?
Fixed administrative expense $ 9600
Variable selling expense $ 12,000
Variable administrative expense $ ?
Contribution margin $ 48,000
Net operating income $ 14,400
To calculate the fixed selling expense and variable administrative expense for Todrick Company, you can use the following formula:
Fixed Selling Expense + Variable Administrative Expense = Contribution Margin - (Total Sales - (Beginning Merchandise Inventory + Ending Merchandise Inventory + Purchases))
Using the given figures, we can calculate the fixed selling expense and variable administrative expense as follows:
Fixed Selling Expense = $48,000 - ($240,000 - ($16,000 + $8,000 + $160,000)) = $48,000 - $56,000 = -$8,000Variable Administrative Expense = $48,000 + $8,000 = $56,000Learn more about Todrick Company:
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Last year, Julio earned $25,000 working as a freelance grant writer. As part of his business expenses, he purchased a software package for $500. The amount of $500 for the software may be considered a ____ when Julio does his taxes.
Last year, Julio earned $25,000 working as a freelance grant writer. As part of his business expenses, he purchased a software package for $500. The amount of $500 for the software may be considered an income statement when Julio does his taxes.
Describe a business expense.Costs incurred in the regular course of business are referred to as business expenses. They can be used by both big and small businesses. The income statement includes expenses related to the business. A company's taxable net income is calculated by deducting business expenses from revenue on the income statement.
The Internal Revenue Service (IRS) defines business expenses as regular and required expenditures made to run your business. Rent, salary, and inventory are a few examples. Rent and insurance are examples of fixed expenses that are consistent and don't change substantially. Although they are anticipated, variable costs could change.
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which viability factor analyzes the skills of employees
owner's equity is increased by group of answer choices cash revenue accounts receivable all are correcta. TRUEb. FALSE
Owner equity increases in value when the owner or owners increase the amount of their capital commitment. Owner's equity could potentially increase as a result of higher sales or fewer expenses. option d is the correct answer.
Your net worth is calculated after deducting all liabilities from your assets. The impact of investments, withdrawals, gains, and losses is also possible. Because they factor in the owner's equity, withdrawals reduce equity.
The owner's equity grows as they invest, and it shrinks when they withdraw money. Each transaction has an impact on one or more variables in the accounting equation, causing them to grow or shrink.
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The complete question is-
owner's equity is increased by
a. cash
b. revenue
c. accounts receivable
d. all are correct
all of the following are processes through which an airline transforms inputs such as employees, time, money, and equipment except
All of the following are processes through which an airline transforms inputs such as employees, time, money, and equipment except: eliminating food service.
Transformed are those that are transformed somehow or another and changing inputs are those that are utilized to complete the changing process.
In the airline industry, we can recognize six classifications of inputs. Right off the bat, work input alludes to the quantity of representatives a corporation has. Secondly, there is fuel input. Thirdly, the capital input incorporates the quantity of airplanes an organization possesses through buy.
In the airline industry the transformation process of the primary help is the actual flight. Consequently, the traveler during the flight is in the transformation process. One more critical input for an airline is information which when it gathered and assessed it is in transformation process.
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Indicate whether each activity for Hot Diggity Dogs, Inc., would be classified as an operating, investing, or financing activity. Questions Paid a $100 dividend to its shareholders. Repaid a $5,000 loan to the bank (creditor). Paid $500 to its employees.
Indicate whether each activity for Hot Diggity Dogs, Inc., would be classified as Financing Activity, Operating Activity .
What is Operating Activity ?
All of a company's continuing marketing efforts for its goods and services are referred to as operating activities.
Non-operating activities are one-time occurrences outside the company's regular, core operation that may have an impact on sales, costs, or cash flow. Establishing a strategy is among the operational activities.
What does cash flow operational activity mean?
The amount of money a firm earns from ongoing, regular business operations, such as the production and sale of items or the provision of services to clients, is known as cash flow from operating activities (CFO). On a company's cash flow statement, it is shown as the first part.
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A $1000-face-value 10-year bond has a 6% coupon rate, its current price is $980. a. What would be the price of this bond after one year if yield to maturity decreases to 3%. b. Continued from part a, calculate return for one-year investment, capital gain rate and current yield.
The price of the bond after one year would be $1056.48.
the return on the one-year investment would be 8.96%. the capital gain rate would be 7.82%. the current yield would be 6.12%.
The price of the bond after one year would be $1056.48.
Explanation:
The return is calculated as follows:
$1000*0.06+$980*0.03=$58+$29.40=$87.40
$87.40/$980=0.0896 or 8.96%
the return on the one-year investment would be 8.96%. the capital gain rate would be 7.82%. the current yield would be 6.12%.
Explanation:
The capital gain rate is calculated as follows: $1056.48-$980=$76.48 $76.48/$980=0.078163 or 7.82% The current yield is calculated as follows: $1000*0.06/$980=$60/$980=0.061224 or 6.12%
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which of the following is not one of the principal components of strategic significance in the pestel analysis?
Environmental forces that include the competitive structure, the degree of industry fragmentation, and the mobility barriers that inhibit business is not one of the principal components of strategic significance in the pestel analysis. Thus, option (d) is correct.
What is pestle analysis?The term pestle analysis refers to the external factors is the influence of an organization. It was the included that economic, environmental, legal, technological and political.
The strategic significance in the pestel analysis is the environmental factor not principal components. It was not the competitory constitution, the level of industry disintegration, and the mobility barriers that inhibit business.
As a result, the significance of the pestle analysis are the aforementioned. Therefore, option (d) is correct.
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Your question is incomplete, but most probably the full question was.
A. Political factors including the extent to which government intervenes in the economy.B. Economic conditions that include the general economic climate and specific factors such as interest rates, inflation rate, and unemployment rate, as well as conditions in the stock and bond markets that can affect consumer confidence.C. Sociocultural forces including societal values, attitudes, cultural factors, and lifestyles that impact business.D. Technological factors that include the pace of change and technical developments that have the potential for impacting society.E. Environmental forces that include the competitive structure, the degree of industry fragmentation, and the mobility barriers that inhibit business.an example of a physical cause and effect relationship is when additional units of production increase total direct material costs (true or false)
True, an example of a physical cause and effect relationship is when additional units of production increase total direct material costs .
What are direct materials?
Components that go into a manufactured good are referred to as direct materials. The direct materials used in the manufacturing of a smartphone, for instance, are the screen, integrated circuits, camera modules, and buttons.
Raw materials and components that are used directly in the production of goods are referred to as direct materials.
What are the direct and indirect costs of materials?
Expenses related to production and sales are referred to as direct costs. Direct costs would include the cost of labor and raw materials used in a product's manufacturing.
No matter how busy the business is, indirect costs are fixed expenses that must be paid to maintain operations.
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In which of the following circumstances are competitive pressures associated with the bargaining power of buyers not relatively strong?
A) When buyer demand is growing rapidly
B) When buyers are relatively well informed about sellers’ products, prices, and costs
C) When buyers pose a major threat to integrate backward into the product market of sellers
D) When sellers’ products are weakly differentiated, making it easy for buyers to switch to competing brands
E) When buyers have considerable discretion over whether and when they purchase the product
The following situations are examples of how decreased buyer bargaining power might provide obstacles to the competition:
(A) When consumer demand is escalating quickly.
What is bargaining power?The ability of parties to exert influence over one another during a negotiation, contract negotiation, or agreement-making process is known as bargaining power.
In a discussion where both sides are on an equal footing, they will have the same amount of bargaining power, as would occur in a market with the perfect competition or between two equally powerful monopolies.
Game theory, labor economics, collective bargaining agreements, diplomatic talks, the resolution of legal disputes, the cost of insurance, and any negotiation, in general, are a few areas where the idea of bargaining power has proven essential to rational understanding.
Competition challenges linked to weaker bargaining power among purchasers include the following situations:
(A) When consumer demand is escalating quickly.
(B) When consumers are reasonably well-informed about the goods, costs, and prices offered by vendors.
(D) When a seller's items lack substantial differentiation, allowing customers to quickly switch to other brands.
(E) When customers have a lot of freedom in deciding whether and when to acquire the product.
Therefore, the following situations are examples of how decreased buyer bargaining power might provide obstacles to the competition:
(A) When consumer demand is escalating quickly.
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the chart above supports which of the following conclusions regarding economic conditions in the united states during the last third of the nineteenth century?
The graph's findings suggest that many American farmers experienced financial hardship.
Basically, the conclusion asks us to take the following actions: Describe the core topic of the paper and the motivation behind the lengthy initial draught. List all of the important arguments you make to support your thesis statement in the paper's body. In the first sentence of your conclusion paragraph, reiterate your thesis. A repeating thesis conveys the same idea through a variety of terms. Remember that the meaning of your thesis should not change.
The conclusion is usually the last paragraph of an academic essay. The conclusion should briefly summarise the main ideas and restate your response to the question. It doesn't include any unique ideas or knowledge.
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TEAT अर्थात TERTS TAPI R The following information has been extracted from the purchase department of a c Minimum stock level in units.. Maximum stock level in units. ....... 800 ....... 2,800 ....... 130 Daily requirement of material in units.. Required lead time in days.. Required: Reorder level. ....... 15 200 units
Prior to using the safety stock, the minimum operational stock level (MOSL) represents the point of capital reduction at which products must be refilled.
How and why do we utilize buy?Additionally, when a noun form is required, you should use "buy," as in: We made a wise purchase when you obtained petrol before the price increased. Use "buy" for straightforward activities versus "purchase" for more transactions take place of money for products.
What is purchase definition in accounting?Procurement of goods and services, which exclude capital goods whose consumption is recorded as absorption of fixed capital, here include value of all commodities and services acquired during the accrual basis for selling or eating in the manufacturing process.
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As a measure of economic performance, the United States gross domestic product (GDP) accounts for which of the following?A) The use of open-source, free Web browsersB) A parent's care of children in the homeC) The street sale of illegal substancesD) The cleanup of an oil spillE) The production of vegetables grown in the backyard and consumed by the family
As a measure of economic performance, the United States gross domestic product (GDP) accounts for "the cleanup of an oil spill". The correct option is D.
The gross domestic product is also known as GDP, which is the total value of the products or services that is provided in a country during one year. It is the standard measure of the value that created by the production of the goods or services.
The four component of the gross domestic product is consumption, investment, government spending, exports and imports. The elements of gross domestic products are the personal consumption, the business investment, government spending of products or services, and net exports.
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External auditors accessing their client's accounting information system would be serving the accountant's role in an accounting information system of a(n) _____.
External auditors accessing their client's accounting information system would be serving the accountant's role in an accounting information system of an Evaluator.
The external auditors are serving the role of evaluators in the accounting information system by reviewing and evaluating the client's financial records and accounting practices to ensure compliance with accounting standards and regulations. They are independent from the client and provide an objective assessment of the client's financial information. External auditors accessing their client's accounting information system would be serving the role of a user of the accounting information system. Specifically, they would be serving the role of an external auditor, who is tasked with evaluating the accuracy and reliability of the financial information generated by the system.
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all else held constant, which one of the following bonds is likely to have the highest required rate of return?
E) AA-rated callable corporate bond without a sinking fund is likely to have the highest required rate of return, ceteris paribus.
A callable bond, also known as a redeemable bond, is one that can be redeemed by the issuer before the maturity date. A callable bond allows the issuing business to pay off its obligation ahead of schedule.
If market interest rates fall, a company may choose to call their bond, allowing them to re-borrow at a reduced rate. Callable bonds compensate investors for this risk by often offering a higher interest rate or coupon rate due to their callability.
A callable bond is a debt instrument in which the issuer reserves the right to restore the investor's capital and cease interest payments prior to the maturity date of the bond.
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Correct question:
Which one of the following bonds is likely to have the highest required rate of return, ceteris paribus?
A) AAA-rated non-callable corporate bond with a sinking fund
B) AA-rated callable corporate bond with a sinking fund
C) AAA-rated callable corporate bond with a sinking fund
D) High-quality municipal bond
E) AA-rated callable corporate bond without a sinking fund
While a product is typically tangible, the notion of service can be far more:
A.) Inherent
B.) Conceptual
C.) Regrettable
D.) Concrete
While a product is typically tangible, the notion of service can be far more Inherent. Hence, option A is correct.
What is a tangible product?A tangible product is a real-world item that can be felt, such as a structure, car, appliance, or article of clothing.
A thing is touchable and has a physical presence if it can be felt. Some meanings of the term "tangible" may include the fact that the asset can be seen, but this definition might also apply to non-tangible objects (i.e. digital currency balances can be seen on a monitor).
Thus, option A is correct.
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Isabella decides to buy a dress that Olivia has for sale; they agree on a price of $20. Which of the following best describes who gains and who loses from the transaction?
a. If the dress originally costs more than $20, Isabella gains and Olivia loses.
b. If the dress originally costs less than $20, Olivia gains and Isabella loses.
c. Both parties expect to gain from this transaction.
d. If Olivia gains from the transaction, Isabella must lose an equal amount.
b. Both sides anticipate profiting from this deal. When both parties anticipate winning in a trade, it happens. If Olivia believes she can sell the outfit for $20 and Isabella believes it is worth $20, then they have found a win-win situation.
An exchange of commodities, services, or financial instruments between two persons is referred to as a transaction. Transactions can take place between people, companies, or organisations. Contract law, which establishes the terms and conditions of the exchange, usually governs them. The economy and trade depend heavily on transactions because they allow for the exchange of goods and services, which benefits both sides. In a transaction, whether it involves money, commodities, or services, both sides anticipate gaining something. The exchange of money signals the end of a transaction, which is regarded as a binding contract. Cash transactions, barter transactions, and computer transactions are only a few of the numerous possible types of transactions.
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identify the difference(s) between a b corporation and a benefit corporation. (check all that apply.)
The difference(s) between a B corporation and a benefit corporation are:
B corporations must achieve a minimum performance score to retain their status, but benefit corporations self-report their progress.B corporations are certified entities, but benefit corporations are incorporated.What are the main difference between B corporation and a benefit corporation?B Corporation and Benefit Corporation are both forms of businesses that prioritize social and environmental impact, in addition to profit. However, there are some key differences between the two:
Definition: B Corporations are certified by the non-profit B Lab, and must meet certain standards of social and environmental performance, accountability, and transparency. Benefit Corporations, on the other hand, are a legal structure recognized by some US states, which allows companies to pursue a triple bottom line of social, environmental, and financial impact.Purpose: B Corporations are focused on using business as a force for good and improving their overall impact. Benefit Corporations are focused on balancing the interests of stakeholders, including shareholders, employees, communities, and the environment.Read more about corporation
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fast tracking is defined as starting the next phase of a project before the current phase is complete.A. TrueB. False
The statement "fast tracking is defined as starting the next phase of a project before the current phase is complete" is TRUE because in fast tracking, the phases are performed in parallel instead of sequential.
In project management, fast-tracking is a method of managing time, schedule, and activities.
In project management, fast-tracking entails carrying out processes concurrently rather than sequentially. This is known as parallel performance. In contrast to how most projects are completed, fast-tracking does not wait for one task to finish before beginning another.
Some actions are dependent on another and cannot begin or end until another begins or terminates. Fast-tracking in project management is only effective if all tasks can overlap with one another. However, if project activities do not overlap, fast-tracking is a reasonable option because it usually does not incur additional cost.
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1. On the top of a memo, you should have; To, From, Date, and Subject. A. True B. False 2. There should be in letters. A. Your signature B. Your company's address or Letterhead C. Your reader's address D. All of the above 3. In a business block letter, you indent every paragraph, A. True B. False 4. A memo is an A. Internal Document (within your organization) B. External Document (outside your organization) 5. A letter is an A. Internal Document (within your organization) B. External Document (outside your organization)
1. The given sentence "On the top of a memo, you should have; To, From, Date, and Subject" is false because the truth is date, to, from, subject. (The answer is B).
2. There should be in letters: all of the above (your signature, your company's address or Letterhead, your reader's address). (The answer is D).
3. The given sentence "In a business block letter, you indent every paragraph" is false, because in busines block letter every paragraph is not indented. (The correct answer is B).
4. A memo is an internal document. (The correct answer is A).
5. A letter is an external document. (The correct answer is B).
A memorandum or memo serves many significant objectives. Bringing difficulties to light and assisting in a problem's resolution through clear and concise communication are two examples. Memos aid in decision-making and "assist (or occasionally persuade) a decision-maker to make a better decision in a given problem circumstance than he may otherwise have chosen without the analysis," according to one study. The briefing note can also be used for requesting something, answering a question, giving a proposal, presenting an informal report, suggesting a solution to a problem, or recording a reference for later use, among other things. Memo can be used to offer advice or make brief appeals.
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In the context of renting an apartment, some of the objectives may have natural attribute scales. Examples are minimizing rent ($) or minimizing the distance to campus (kilometers or city blocks). But other attributes, such as ambiance, amount of light, or neighbors, have no natural scales. Construct an attribute scale with at least five different levels, ranked from best to worst, for some aspect of an apartment that is important to you but has no natural scale. True/false?
For some attributes that have no natural attribute scales, we can construct an attribute scale based on our preferrences to help us evalute the best apartment option we have is TRUE.
Natural attribute scales refer to the natural scales that come from the nature of an attributes. Natural attribute scales are usually come in a form of:
Lengthareavolumecapacitymasstime temperaturemoney (dollars, etc)However, natural attribute scales might not be able to capture the qualitative attributes of an object. Those attribute can be evaluated under constructed scales.
Constructed scales are used as a practical solution to evaluate complex indicators. Constructed scales might have a vary range, depend on the attribute charactheristic. However, constructed scales are quite ambiguous and subjective. Some example of constructed scales are:
Richter Scale for earthquakesMichelin Rating System for restaurantsLearn more about Constructed Scales here: brainly.com/question/28700422
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The following cost data for the year ended pertain to a greeting card manufacturer:Service dept costs $ 50000Direct labour: wages $242500Direct labour: fringe benefits $ 47500Indirect labour fringe benefits $ 15000Fringe benefits for production supervisor $ 4500Total overtime premiums paid $ 27500Cost of idle time:production employees $ 20000Administrative costs$ 75000Rental of office space for sales personnel $ 7500Sales commissions $ 2500Product promotion costs $ 5000Direct material $ 1050000Advertising expense $ 49500Depreciation on factory building $ 57500Cost of finished goods inventory $ 57500Indirect labour:wages $ 70000Production supervisor`s salary $ 2200* All services are provided to manufacturing departments.** Cost of idle item is an overhead item, it is not included in direct labour wages given above.*** The rental of sales space was made necessary when the sales offices were converted to storage space for raw material.Required:1. Compute each of the following costs for the year just ended:a. Total prime costsb. Total manufacturing costsc. Total overhead costsd. Total product costse. Total period costs
The costs for the year just ended is computed as:
Prime costs is $1,387,500, Manufacturing overhead is $ 149,200, conversion cost is $486,700, Product costs is 1,536,700 and Period cost is $189,500.
What is included in the manufacturing overhead?Manufacturing overhead, also known as work overhead, refers to all expenses associated with running a manufacturing company's production facilities that cannot be clearly linked to a specific product. Depreciation of equipment, wages provided to factory employees, and electricity used to power the equipment are common industrial overhead expenses.
Given:
Service department costs= $ 50,000: Period
Direct labor: wages 242,500: Product - DL
Direct labor: fringe benefits 47,500: Product - DL
Indirect labor: fringe benefits 15,000: Product - MOH
Fringe benefits for production supervisor 4500: Product - MOH
Total overtime premiums paid 27,500: Product - DL
Cost of idle time: production employees 20,000: Product - DL
Administrative costs 75,000: Period
The rental of office space for sales personnel 7,500: Period
Sales commissions 2,500: Period
Product promotion costs 5,000: Period
Direct material used 1,050,000: Product - DM
Advertising expense 49,500: Period
Depreciation on factory building 57,500: Product - MOH
Cost of finished-goods inventory at year-end 57,500
Indirect labor: wages 70,000: Product - MOH
Production supervisor’s salary $ 2,200: Product - MOH
First, classify each cost as product/ period, and Direct Material (DM), Direct Labor (DL) and manufacturing overhead (MOH).
A) Prime costs= direct material + direct labor
Prime costs= 1,050,000 + (242,500 + 47,500 + 27,500 + 20,000)
Prime costs= 1,050,000 + 337500= 1,387,500
B) Manufacturing overhead= 15,000 + 4500 + 57,500 + 70,000 + 2,200 = $ 149,200
C) conversion cost= direct labor + manufacturing overhead
CC= 337,500 + 149,200 = 486,700
D) Product costs= DM + DL + MOH = 1,050,000 +337500 +149,200 =
$ 1,536,700
E) Period cost= 50,000 + 75,000 + 7,500 + 2,500 + 5,000 + 49,500 = $189,500
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the knowledge and skills learned in business courses are seldom relevant to students who work for nonprofit organizations or volunteer groups. A) True B) False
The statement is True. The knowledge and skills learned in business courses are seldom relevant to students who work for nonprofit organizations or volunteer groups.
Commercial enterprise economics is an area in applied economics that makes use of monetary concepts and quantitative strategies to investigate business companies and the factors contributing to the range of organizational structures and the relationships of companies with labor, capital, and product markets.
Enterprise economics is a field of carried out economics that research the economic, organizational, market-related, and environmental troubles faced by businesses. commercial enterprise economics encompasses topics inclusive of the idea of scarcity, product factors, distribution, and intake. enterprise is likewise the efforts and activities of a person who is producing items or imparting offerings with the cause to sell them for earnings. commercial enterprise Definition. commercial enterprise refers to an enterprising entity or employer that contains professional sports. They can be business, commercial, or others.
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IM SO LOST HELP ASAP PLS
To compute the overhead controllable variance, we need to compare the actual variable overhead costs to the budgeted variable overhead costs:
What is Costing ?Actual variable overhead costs = $36,000 + $64,000 + $16,875 + $13,000 = $129,875
Budgeted variable overhead costs = $15,000 + $5,400 + $116,400 = $136,800
Overhead controllable variance = Budgeted variable overhead costs - Actual variable overhead costs
= $136,800 - $129,875
= $6,925
Since the budgeted variable overhead costs were higher than the actual variable overhead costs, the overhead controllable variance is favorable.
To compute the overhead volume variance, we need to compare the budgeted fixed overhead costs to the applied fixed overhead costs:
Budgeted fixed overhead costs = $37,500 + $25,000 + $48,500 = $111,000
Applied fixed overhead costs = $37,500 + $25,000 + $52,000 = $114,500
Overhead volume variance = Budgeted fixed overhead costs - Applied fixed overhead costs
= $111,000 - $114,500
= -$3,500
Since the applied fixed overhead costs were higher than the budgeted fixed overhead costs, the overhead volume variance is unfavorable.
Overhead variance report:
Mariana Company
Overhead Variance Report
For the Month Ended May 31, 2023
Actual Activity Level: 22,500 Units
Overhead Controllable Variance
Budgeted variable overhead costs (based on 20,000 units) $136,800
Actual variable overhead costs $129,875
Overhead controllable variance $6,925 F
Overhead Volume Variance
Budgeted fixed overhead costs (based on 20,000 units) $111,000
Applied fixed overhead costs $114,500
Overhead volume variance $3,500 U
Total Overhead Variance
Budgeted overhead costs $247,800
Actual overhead costs $244,375
Total overhead variance $3,425 F
Explanation:
The overhead controllable variance is favorable because the actual variable overhead costs were lower than the budgeted variable overhead costs.
The overhead volume variance is unfavorable because the applied fixed overhead costs were higher than the budgeted fixed overhead costs due to operating at a higher production level than planned. The total overhead variance is favorable, but only slightly, due to the favorable controllable variance partially offsetting the unfavorable volume variance .
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