Skip Company produces a product called Lem. The standard direct material cost to produce one unit of Lem is four quarts of raw material at $2.50 per quart. During May, 4,200 quarts of raw material were purchased at a cost of $10,080. All the purchased material was used to produce 1,000 units of Lem.

Required:
a. Compute the actual cost per quart and the material price variance for May 2013.
b. Assume the same facts except that Skip Company purchased 6,000 quarts of material at the previously calculated cost per quart, but used only 4,200 quarts. Compute the material price variance and material usage variance for May 2013, assuming that Skip identifies variances at the earliest possible time.
c. Prepare the journal entries to record the material price and usage variances calculated in (b).
d. Which managers at Skip Company would most likely assume responsibility for control of the variance computed in requirement (b)?

Answer : I SAID THE B, CANNOT BE DETERMINED ....

Explanation:

FOR 2 DIRECT LOBOR HOURS!

Answer:

A. True

Explanation:

Performance evaluation of an employee should be based on his performance. He should be communicated with expected performance and then analysis should be done against standard and actual performance. When John Jacob has set performance standards and clearly communicates it to all team members the appraisal process would be relatively easy.

Answer:

$2,575,278.87

Explanation:

Present Value = $458,000 + $458,000 /(1+.08)^1 + $458,000 /(1+.08)^2 + $458,000 /(1+.08)^3 + $458,000 /(1+.08)^4 + $458,000 /(1+.08)^5 + $458,000 /(1+.08)^6

Present Value = $458,000 + $424,074.07 + $392,661.18 + $363,575.16 + $336,643.67 + $311,707.10 + $288617.69

Present Value = $2,575,278.87

So, the present value of the cash flow stream that the company is offering to me is $2,575,278.87.

ĐÁP ÁN:

Phương pháp thẻ song song:

Phương pháp thẻ song song mặc dầu đơn giản, dễ làm nhưng việc ghi chép còn nhiều trùng lắp. Vì thế, chỉ thích hợp với doanh nghiệp có qui mô nhỏ, số lượng nghiệp vụ ít, trình độ nhân viên kế toán chưa cao.

Phương pháp sổ đối chiếu luân chuyển:

Theo phương pháp sổ đối chiếu luân chuyển, công việc cụ thể tại kho giống như phương pháp thẻ song song ở trên. Tại phòng kế toán, kế toán sử dụng sổ đối chiếu luân chuyển để hạch toán số lượng và số tiền của từng thứ (danh điểm) vật liệu, công cụ, dụng cụ nhỏ theo từng kho. Phương pháp này mặc dầu đã có cải tiến nhưng việc ghi chép vẫn còn trùng lắp.

Phương pháp sổ số dư:

Theo phương pháp sổ số dư, công việc cụ thể tại kho giống như các phương pháp trên. Định kỳ, sau khi ghi thẻ kho, thủ kho phải tập hợp toàn bộ chứng từ nhập kho, xuất kho phát sinh theo từng vật liệu, dụng cụ, sản phẩm quy định. Sau đó, lập phiếu giao nhận chứng từ và nộp cho kế toán kèm theo các chứng từ nhập, xuất kho vật liệu, dụng cụ, sản phẩm. Ngoài ra, thủ kho còn phải ghi số lượng vật liệu, dụng cụ, sản phẩm tồn kho cuối tháng theo từng danh điểm vào sổ số dư.

Answer:

C)corporations hope to generate goodwill toward the company and its brands

Explanation:

THESE ARE THE OPTIONS FOR THE QUESTION

a. it is a socially acceptable way of distributing excess profits

b. corporations function better in a healthy environment

c. corporations hope to generate goodwill toward the company and its brands

d. major companies are required by law to support environmentally friendly causes

e. research shows that companies that support the environment do better financially

From the question we are informed about A number of major corporations, such as General Motors, Amway, and Evian, sponsor or support worthy causes, many of which are environmental causes. In this case, These companies are highly motivated to engage in cause-oriented marketing because corporations hope to generate goodwill toward the company and its brands.

Cause marketing can be regarded as one that contains some collaboration which exist between a profit oriented business as well as a nonprofit organization all for common benefit. Cause marketing can as well be regarded as social or charitable campaigns which is been set up by for-profit oriented brands. In most cases, brands that has association with a nonprofit usually have their corporate social responsibility been boasted.

Answer:

Newer organizational design, designed to be highly flexible so that resources can be configured quickly to respond to changing demands is:

Social networked organization.

Explanation:

The network structure, which is a newer type of organizational structure, uses less hierarchies.  It is more “flat,” more decentralized, and more flexible than other organizational structures.  In a social networked structure, managers coordinate and control internal and external relationships of the firm, and workers work in project teams to pursue and achieve the goals of their entity.

Answer:

Nhóm mình nhận làm báo cáo thực tập tốt nghiệp kế toán, tất cả các đề tài. ... Bài số 4:Doanh nghiệp B trong tháng 12/N có tình hình sau: (ĐVT: 1000đ) A) Số dư ... 1) Giấy báo Có số 375 ngày 7/12 về tiền bán 90 cổ phiếu công ty X, giá bán mỗi ... kiểm soát một số TSCĐ như sau Tên TSCĐ Nơi sử dụng Nguyên giá Số đã

Answer:

a). State and local government bonds (municipal bond)

b. Certificate of Deposit

c). Corporate bonds

Explanation:

The municipal bonds are a debt security are a from of debt security that is issued by the municipality or the state in order to finance the capital expenditures. They are exempted from most of the taxes that are imposed in that area.

Certificate of Deposit is defined as the savings account which holds a fixed amount of money. They are used to fund a short term financing requirements in a corporate.

The corporate bonds are financial instruments which are considered as an investment pools which buy a short term debt instruments. These instruments are in contractual agreements which provide a long term agreement to a party to use the asset.

Answer:

The purpose of the statement of cash flows is to present cash inflows and outflows for a reporting period to the reader of the report. These inflows and outflows are further classified into operating, investing, and financing activities.

Solution :

a). The company requires a cash infusion of amount $ 1.70 million. If the company issues any debt, annual interest payments is :

Interest = $ 1,700,000

Interest = $ 170,000

The cash flow to the owner is EBIT - (the interest payment) :

40 hour week cash flow = $ 590,000 - $ 170,000

                                       = $ 420,000

50 hour cash flow = $ 705,000 x 67.92%

                               = $478,836

b). Tom will be working harder under the debt issue as the cash flow will be higher. He will also gain more under this case of financing since the payments to the bond holders are fixed. Under this equity issue, the new investors share the proportionality in his hand work, which will reduce the propensity for his additional work.

Answer:

Completing the following statements based on the calculations and an understanding of semiannual coupon bonds:

1. Assuming the interest rates remain constant, the T-notes price is expected to _____________. (Increase or Decrease).

The reason for the increase in the T-notes price is the addition of the amortization for the 6-month period of $17,563.

2. The T-note described is selling at a ________________. (Premium or Discount)

The T-note sells at a discount because the face value is greater than the price.  This implies that at the end of the maturity period of 5 years, the amount that will be received or paid is $1,000,000 and not the price that was initially received or paid.

3. When valuing a semiannual coupon bond, the time period N in the present value formula used to calculate the price of the bond is treated in terms of ____________ periods. (Annual, 6 month, 4 month, 12 month)

Semiannual = 6 months (12/2).

Explanation:

a) Data anc Calculations:

Face value of semiannual coupon U.S. Treasury note = $1,000,000

T-note price = $773,871.23

Discount on the note = $226,128.77 ($1,000,000 - $773,871.23)

Maturity period = 5 years

Coupon rate = 5%

Yield rate = 11%

Semiannual coupon payment = $25,000 ($1,000,000 * 2.5%)

Semiannual interest expense = $42,563 ($773,871.23 * 5.5%)

Amortization of discount =          $17,563 ($42,563 - $25,000)

Answer:

$314,000

Explanation:

Calculation to determine the cost of goods sold for the month

Finished goods inventory, beginning $30,000

Add: Cost of goods manufactured $326,000

Goods available for sales $356,000

($30,000+$326,000)

Less Finished goods inventory, Ending $42,000

Cost of goods sold $314,000

($356,000-$42,000)

Therefore the cost of goods sold for the month is $314,000

Answer:

Explanation:

Find the NPVs of the various projects.

Project A:

= Present value of inflows - Cost

= 4,000 / 1.085 + 4,000 / 1.085² + 4,000 / 1.085³ - 7,500

= $2,716.09

Project B:

= 3,000 / 1.085 + 4,000 / 1.085² + 3,000 / 1.085³ - 8,000

= $511.52

Project C:

= 2,500 / 1.085² - 2,000

= $123.64

Seeing as she has only $15,000 to embark on projects, she should pick projects A and C.

Project A should be picked because it has the highest NPV and Project C should be picked because it can still be invested in after Project A given budgetary constraints.

Answer:

By installing fingerprint security or password system.

Explanation:

Fingerprint security or password system will be installed in the radio, cellular and satellite transmissions which can only work after it receive the correct fingerprint or password. If this security system is used in these machines then no other person is able to use it so in my opinion these security systems should be incorporated in order to make these machines safe and secure.

Answer:

producer surplus

consumer surplus

neither

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Consumer surplus = willingness to pay – price of the good

The highest amount i was willing to buy the watch is $71 but the price was $65. this illustrates a consumer surplus

Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product

Producer surplus = price – least price the seller is willing to accept

The least amount the textbook seller was willing to sell was $48 while the price the textbook was sold was $54. thus, a illustrates a producer surplus.

for statement c, a transaction did not take place, so, it is neither a producer or consumer surplus

Answer:

$1,200

Explanation:

Calculation to determine what the amount of ending inventory appearing on the balance sheet will be:

First step is to determine the units in ending inventory

Units in ending inventory=500 units + 600 units – 800 units sold

Units in ending inventory= 300

Now let determine the Ending inventory

Ending inventory=300 units x $4.00

Ending inventory = $1,200

Therefore the amount of ending inventory appearing on the balance sheet will be:$1,200

Answer:

Airline CF and Airline O

The true comment is:

a. None of the listed answers

Explanation:

Under finance lease, Airline CF will recognize an asset, a balance sheet account, which it depreciates periodically, while under operating lease, Airline O will only recognize expenses for the rental payments, an income statement item.  Airline CF pays annual lease payments (repayment of lease liability and interest expense).  Airline O pays rental expenses only.

Answer:

Lease Plan

1) The trend in gender diversity that appears to be most supported by the outcomes of Lease Plan's program changes is:

Increases in seats on boards of directors—in Fortune 550 firms up to 16.6 percent in 2013 from only 9.6 percent in 1995.

2. Thomas's generic action options for managing diversity that is most illustrated in the case is:

include/exclude

3. Based on the information in the case, the barriers and challenges to managing diversity that were identified in the text that appear to have been present at Lease Plan were:

a. an unsupportive or hostile work environment

b. inaccurate stereotypes

Explanation:

Thomas's include and exclude generic action option emphasizes that more diverse employees should be employed in addition to minority-owned companies being used as vendors.  This option makes it possible for embracing and practicing workplace diversity.  It creates an open-minded and supportive workplace, encouraging the sharing of information and the integration of behavior to accept and value human differences, thereby overcoming stereotypes.

Explanation:

Delegation of authority is a process that enables a person to assign a task to others. As a manager or leader, you're expected to perform several tasks and meet multiple deadlines. To ensure that you achieve your objectives on time, you delegate responsibility to your team members

Answer:

In order to meet the targets, the manager should delegate authority. Delegation of Authority means division of authority and powers downwards to the subordinate. Delegation is about entrusting someone else to do parts of your job. Delegation of authority can be defined as subdivision and sub-allocation of powers to the subordinates in order.

Explanation:

Answer:

A)Real GDP omits measures of political freedom.

Explanation:

The Real Gross Domestic Product is a measure of all the goods produced in an economy within a year but with changes in price levels triggered by inflation factored in. Political freedom does not affect economic freedom. People may be restricted politically but still, go about their normal economic activities.

Because the Real GDP basically focuses on transactions done in the markets, it might not accurately measure the growth rate because some people conduct illegal businesses underground that are not captured by the government, while some produce their goods at home. Also, leisure time is not factored and it is important because an increase in leisure time will affect time spent in activities that improve the economy.

Answer:

Following are the response to the given question:

Explanation:

Many previous studies are published about the methods, technologies for successful system implementation of distinct SDLC s development cycles. Not only technical activities but also design, process improvement, user experience, social democracy, user effect, and proper security procedures. The SDLC is an element of the process and installs programs. These complex life-cycles of knowledge management are addressed by books like David Identify factors that contribute & Guy Fitzgerald's Information System Developments and Alan Daniels as well as Don Yeats's Fundamental Systems Design.

This paper offers a comprehensive background, description, stages, advantages, and risks, along with methods supporting the life cycle of system development.

We first have to define the systems to understand the notion of a life cycle of the system development. A system is an element of IT - hardware, programming, or a mix of both. Each program is designed from initial planning to disposal via a development cycle. To avoid costly errors and also to speed up the development, some approaches provide the necessary framework to guide the challenging and complex operations, all of which aim to put in action or software-based systems through stages.

A lifespan is analogous to a project life cycle. SDLC is now in reality regarded in many situations as a staged plan model that sets the corporate, personnel, political, and budgetary limits of the large project. The term "Project" implies that the cycles began and finished and the methodologies inherent inside the strategy for just a systems development life cycle give clear, different stages of the work inside the strategy, development, testing, implementation, and maintenance parts.

SDLC membership also includes c-suite management, however, the multilayered process is managed via construction managers, technology, systems and system engineers, customers, and the design team. Each program is individually complex in planning and execution, and project leaders often use numerous SDLC approaches inside a company.

Answer and Explanation:

The journal entry is shown below:

Cash $1,050  

Cash short and over $9  

      Sales revenue  $1,059

(Being the cash collection is recorded)

Here we debited the cash as it increased the assets and credited the sales revenue as it also increased the revenue and the difference is debited to cash short and over

Answer:

the price per unit is $1.20

Explanation:

The computation of the price per unit for Thailand Polishing is shown below:

= 2,400 ÷ 200 polished disks

= 12 bhat/unit

Given that

$1 = 10

So, 12 baht it is

= 1 ÷ 10 × 12 baht

= $1.2

Hence, the price per unit is $1.20

The same should be considered

Answer:

$187

Explanation:\

Average cycle inventory = Average of maximum inventory and minimum inventory = (22 + 0) / 2 = 11 pallets

Annual holding cost for Perfect Printing Paper = Average cycle inventory * Holding cost per pallet per year

Annual holding cost for Perfect Printing Paper = 11 pallets * $17.00

Annual holding cost for Perfect Printing Paper = $187

Answer:

Shipway Company

Journal Entries:

a. Direct Method:

Apr. 13. Debit Bad Debts Expense $2,120

Credit Accounts Receivable (Dean Sheppard) $2,120

To write-off account deemed uncollectible.

May 15. Debit Cash $1,060

Debit Bad Debts Expense $1,760

Credit Accounts Receivable (Dan Pyle) $2,820

To record the receipt of cash and write-off of uncollectible balance.

July 27. Debit Accounts Receivable $2,120

Credit Bad Debts Expense $2,120

To reinstate the account.

Debit Cash $2,120

Credit Accounts Receivable $2,120

To record the receipt of cash.  

Dec. 31 Debit Bad Debts Expense $13,375

Credit Accounts Receivable $13,375

To write-off the following uncollectible accounts: Paul Chapman $2,120 Duane DeRosa 3,590 Teresa Galloway 4,640 Ernie Klatt 1,310 Marty Richey 1,715.

b. Allowance Method:

Apr. 13. Debit Allowance for Uncollectibles $2,120

Credit Accounts Receivable (Dean Sheppard) $2,120

To write-off account deemed uncollectible.

May 15. Debit Cash $1,060

Debit Allowance for Uncollectibles $1,760

Credit Accounts Receivable (Dan Pyle) $2,820

To record the receipt of cash and write-off of uncollectible balance.

July 27. Debit Accounts Receivable $2,120

Credit Allowance for Uncollectibles $2,120

To reinstate a previously written-off account.

Debit Cash $2,120

Credit Accounts Receivable $2,120

To record the receipt of cash on account.

Dec. 31 Debit Allowance for Uncollectibles $13,375

Credit Accounts Receivable $13,375

To write-off of uncollectible accounts.

c. The amount by which Shipway Company’s net income would have been higher (lower) under the direct write-off method than under the allowance method is:

= $0

Explanation:

a) Data and Analysis:

Direct Method:

Apr. 13. Bad Debts Expense $2,120 Accounts Receivable (Dean Sheppard) $2,120

May 15. Cash $1,060 Bad Debts Expense $1,760 Accounts Receivable (Dan Pyle) $2,820

July 27. Accounts Receivable $2,120 Bad Debts Expense $2,120 Cash $2,120 Accounts Receivable $2,120  

Dec. 31 Bad Debts Expense $13,375 Accounts Receivable $13,375

Uncollectible accounts: Paul Chapman $2,120 Duane DeRosa 3,590 Teresa Galloway 4,640 Ernie Klatt 1,310 Marty Richey 1,715

Allowance Method:

Apr. 13. Allowance for Uncollectibles $2,120 Accounts Receivable (Dean Sheppard) $2,120

May 15. Cash $1,060 Allowance for Uncollectibles $1,760 Accounts Receivable (Dan Pyle) $2,820

July 27. Accounts Receivable $2,120 Allowance for Uncollectibles $2,120 Cash $2,120 Accounts Receivable $2,120

Dec. 31 Allowance for Uncollectibles $13,375 Accounts Receivable $13,375

Uncollectible accounts: Paul Chapman $2,120 Duane DeRosa 3,590 Teresa Galloway 4,640 Ernie Klatt 1,310 Marty Richey 1,715

Answer:

d) No Yes

Explanation:

In a noncancelable lease

Able ( lessor ) should not depreciate the leased asset because the tangible leased asset now, converted into the financial asset.

The interest income on this financial asset is recognized.

Each Lease payment is compromised of the interest income and principal repayment by the Baker (lessee)

Hence, Able should

Should not record the Depreciation.

Should recognized the interest income.

Answer:

See below

Explanation:

Given the above information, We know that

Assets = Liabilities + equity

Beginning assets = ($222,000 - $28,000) + $529,000 = $723,000

Ending assets = $723,000 + $257,000 = $980,000

Ending equity = Ending asset - Ending liabilities = $980,000 - $222,000 = $758,000

Beginning equity = Beginning paid in capital + retained earnings

Beginning retained earnings = $529,000 - ($173,000 - $31,000)

= $529,000 - $142,000

= $387,000

Ending equity = Ending paid in capital + retained earnings

Ending retained earnings = $758,000 - $173,000 = $585,000

Ending retained earnings = Beginning retained earnings + net income - dividend

$585,000 = $387,000 + Net income - $48,000

Net income = $585,000 - $387,000 + $48,000

Net income = $248,000

Answer:

the restaurant industry has been slow to adopt data analytic. Rising food and labor costs are also forcing restaurants to become more efficient.Technology must and is playing a key role to optimize the bottom line and provide a great guest experience

Explanation:

25% of those restaurants surveyed indicated they plan to spend more money and time on technology in 2016. While 4 out of 5 of these same participants also admitted that technology makes them better by: increasing sales, improved productivity, and provides a competitive advantage.

Based on the survey responses mentioned above, there seems to be a high level awareness that technology and best practices will bring real value to a restaurant’s operations; but then perhaps a gap that leads to inaction when it comes to purchasing and implementing technology. When it comes to technology solutions designed to improve your pre-employment, onboarding, tax credit screening, I-9, and unemployment management process, Equifax can serve as a resource by providing best practices, resources, and solutions to help solve for your challenges.

Answer:

business is a person's regular occupation, profession, or trade.

Management is the administration of an organization

Answer:

C. Language and Music.

Explanation:

The letter report has listed salaries of various employees in different departments. The college majors have different salaries who teach different subjects. The salary for social science staff is higher than the language teaching staff. The most significantly different salaries are for language and music college majors.

The salaries that are significantly different from the given report are C. Language and music.

For this reason, the difference between the salaries of music majors and language majors is the most significant.

In conclusion, option C is correct.

Find out more on salary scales at https://brainly.com/question/12061625.