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Marco Company shows the following costs for three jobs worked on in April.
Job 306 Job 307 Job 308
Balances on March 31
Direct materials used (in March) $ 29,000 $ 37,000
Direct labor used (in March) 24,000 18,000
Overhead applied (March) 12,000 9,000
Costs during April
Direct materials used 134,000 210,000 $ 120,000
Direct labor used 104,000 155,000 103,000
Overhead applied ? ? ?
Status on April 30 Finished (sold) Finished (unsold) In process
Additional Information
Raw Materials Inventory has a March 31 balance of $89,000.
Raw materials purchases in April are $550,000, and total factory payroll cost in April is $386,000.
Actual overhead costs incurred in April are indirect materials, $54,000; indirect labor, $24,000; factory rent, $34,000; factory utilities, $21,000; and factory equipment depreciation, $55,000.
Predetermined overhead rate is 50% of direct labor cost.
Job 306 is sold for $650,000 cash in April.
Required:
1. Determine the amount of overhead applied to each job in April.
The amount of overhead costs applied to each job in April at Marco Company is as follows:
Job 306 Job 307 Job 308
Direct labor used 104,000 155,000 103,000
Overhead applied 52,000 77,500 51,500
What is the overhead application?Overhead application is the assignment of manufacturing overhead costs to the units or jobs produced in a reporting period.
The overhead application can be assigned using a standard or predetermined rate or based on activity levels used up by the units or jobs.
Data and Calculations:Job 306 Job 307 Job 308
Balances on March 31
Direct materials used (in March) $ 29,000 $ 37,000
Direct labor used (in March) 24,000 18,000
Overhead applied (March) 12,000 9,000
Costs during April
Direct materials used 134,000 210,000 $ 120,000
Direct labor used 104,000 155,000 103,000
Overhead applied ? ? ?
Overhead applied 52,000 77,500 51,500
($104,000 x 50%) ($155,000 x 50%) ($103,000 x 50%)
Predetermined overhead application rate = 50% of direct labor costs.
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Which of the following is true when a profit-maximizing monopolist produces in the elastic portion of its demand curve? (A) It can increase total revenue by raising price. (B) It can decrease average total cost by reducing output. (C) Price is equal to marginal revenue. (D) Marginal revenue is less than marginal cost. (E) Marginal revenue is positive.
Answer:
(E) Marginal revenue is positive
Explanation:
When a profit-maximizing monopolist is producing at a level where its demand curve is elastic, (A) It can increase total revenue by raising price.
How does a monopoly make profit?A monopoly will make profit by producing at a level where it can increase total revenue by increasing its price.
This level is found at the elastic portion of the monopoly's demand curve because a change in price will affect demand.
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PLEASE ANSWER WILL MARK BRAINLIST
Answer:
D
Explanation:
I HOPE IT HELP TY PLS MAKE ME BRAINLIEST THANKS
You recently increased your spending on marketing by 10%. You now spend $5,500 per month. Revenue increased by $1000 per month and your gross margin percentage is 70%. All other expenses stayed constant. Did the increase pay off?
Financial statement note disclosure is required for material potential losses when the loss is at least reasonably possible: Question 7 options: Even if the amount is not reasonably estimable. Unless the amount is not reasonably estimable. Only if the amount is known or reasonably estimable. Only if the amount is known.
Financial statement note disclosure is required for material potential losses Unless the amount is not reasonably estimable.
What should be seen in notes to the financial statements?The Notes of any financial statements disclose should have a detailed assumptions that has been formed or written out by accountants as at the time of preparing a firm's income statement, balance sheet, etc.
Note that these notes are vital as it tells one or make one to have a thorough understanding of the documents. Note that disclosure of fair values is not needed when the amount is of reasonable estimate.
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Identify whether each of the following would be reported as an operating, investing, or financing activity on the statement of cash flows:
a. Purchase of investments
b. Disposal of equipment
c. Payment for selling expenses
d. Collection of accounts receivable
e. Cash sales
f. Issuance of bonds payable
WORD BANK:
- Investing
- Operating
- Financing
People build household budgets in order to:
A. increase the value of their long-term investments.
B. manage the money they spend on diffeynt expenses.
C. decrease their monthly mortgage or rent payments.
O D. get jobs that offer better salaries and benefits.
SUBMIT
Answer:
B
Explanation:
Because the point of budgeting is to save money
Answer:
A
Explanation:
i did the math on the homework and got it right
Question 3
What is a business plan?
Explanation:
A business plan is a formal written document containing the goals of a business, the methods for attaining those goals, and the time-frame for the achievement of the goals.
government spending influences the economy by
a) determining which government programs get the most funding
b) deciding on the prices for goods available to consumers
c) influencing the brands of products the country is allowed to produce
d) setting the salaries for employees in all private industries
Answer:
i say c
Explanation:
as a manager how do you make a decision?
Answer:
Define the problem
Identify limiting factors
Develop potential alternatives
Analyze the alternatives
Select the best alternative
As project manager, you have some ideas on how to recover a project that is falling behind schedule. Which
action could you immediately take to get the project back on track?
Select an answer:
Start with solutions you can authorize.
Implement your ideas and have a plan in case they don't work.
Ask the Project Management Office for approval.
Ask the customer or stakeholders for approval.
To get a delayed project back on track, the project manager must start with solutions they can authorize, increasing project control and organization.
How to carry out an effective project?It is essential that the project manager develop an effective schedule for the development of the project, according to the scope and available resources.
Therefore, it is essential that risk management plans are developed that prevent internal and external eventualities capable of interfering with the progress of the project.
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1. BMC Industries estimates that annual manufacturing overhead costs will be800, 000 Rwf. Estimated annual operating activity bases are: direct labor cost of 600,000 Rwf, direct labor hours are 70,000 and machine hours are 1400,000. Compute the predetermined overhead rate for each activity base
The predetermined overhead rate for each activity base is:
a) Direct labor cost = $1 Rwf
b) Direct labor hour = 8.57 Rwf
c) Machine hours = 0.43Rwf.
What is the predetermined overhead rate?The predetermined overhead rate is the overhead rate that is calculated based on some cost pools, which is then applied to units of production based on activity bases.
Some of the activity bases include direct labor hours or costs, and machine hours.
Using a predetermined overhead rate divides the estimated overhead costs by the units of the activity base.
Data and Calculations:Annual manufacturing costs = 600,000 Rw
Estimated annual operating activities bases:
Direct labor cost = 600,000 Rwf
Direct labor hours = 70,000
Machine hours = 1,400,000
The computation of the predetermined overhead rate for each activity base is as follows:
a) Direct labor cost = $1 Rwf (600,000 Rwf/600,000).
b) Direct labor hour = 8.57 Rwf (600,000 Rwf/70,000).
c) Machine hours = 0.43 (600,000 Rwf/1,400,000).
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Please help
Case Study: Will my business survive?
Eric started his craft shop six months ago. At first, sales had been high as local residents and some tourists were attracted by the unusual designs and competitive prices. After four months, he started having problems with some suppliers, complaining about the shortage of suitably qualified staff. Eric also noticed that during the off-peak tourist season, sales fell by over 50%. He had chosen a cheap site in quite a poor area for his shop, and he was worried about damage to his property, as without tourists, the area was very quiet and some unemployed youths had broken other shop windows.
His shop had been visited by the local Trading Standards officer as a customer had complained that a piece of jewelry that Eric had thought was white gold was, in fact, made from silver.
The off-peak months were causing Eric financial problems too. He still had to pay the fixed cost of rent and local taxes, yet his cash inflows were very low. He started to wonder if his business could survive until the next peak tourist season and whether he should have taken up the offer of a Business Management degree course before going into business.
1) Outline the micro- environmental problems that Eric’s business is facing.
2) Explain how Eric might overcome these problems.
3) Outline any THREE macro-environmental problems that Eric’s business is facing.
4) Explain how Eric might overcome these problems.
Thank you!
The micro problems that Eric's business is facing are:
Suppliers not meeting Eric's demand due to HR issues.Over-head cost. These are Business Management issues.How can Eric Overcome the Micro-environmental Problems?To overcome issues with supplies, Eric will have to speak with his suppliers and link them up with suitable HR personnel to tackle the personnel problems they are having. In the short run, he needs to get more suppliers.
With regard to overhead costs, Eric must consider auditing his costs and taking the business online. By doing this, he can sell his crafts in season and off-season, thereby, covering up for overheads during off-season.
What are the three macro-environmental problems Eric's business is facing?The three macro-environmental problems are:
1. To tackle the short-fall in sales, Eric should consider doing more adverts while competing on high-end customer services, given that the prices are already competitive.
2. Because the area is not so secure, he in short-run must consider getting the business insured whilst employing the services of a professional security outfit.
3. It is important that Eric's business, in the short-run, refers the Local Trading Standards Office to his suppliers while getting training on how to identify quality jewelry.
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what are 5 lessons you can learn from the movie the social network ?
Answer:
if this i a written response then i would say
1. you learn about the effects social media can have on the youth of today
2. social media while being a great way to share useful information can be very dangerous
3. social media is one of the number 1 causes of depression in teens
4. social platforms and companies are dishonest a lot of the time
5. social platforms are good for staying connected, but you should still be careful and use it wisely.
Fill in the blank.
Even though you love your business, making a _______ is important.
If adding an extra rose to each flower arrangement could put a florist out of business, your _______ controls must be rigorous.
If there are already three summer camps in your area, you may want to look for a _______ that has been neglected by your competition.
A _______ business is usually less expensive to establish than one that requires a physical structure.
Even though you don’t have employees, you will still have to worry about high _______.
someone that can help and not send a link that does not work
Answer:
profit
price
niche
internet-based
operating
Explanation:
Answer:
profit
price
niche
internet-based
operating
Explanation:
Hi can someone help!
The most direct wat for Johnathan to gain on the job experience and earn money while attending school is to apply for:
a. Private Loan
b. A work study program
c. Federal financial aid
d. Scholarships
Answer:
a work study program...........
All of these are functions of money EXCEPT :________
a) medium of exchange. b) unit of account. c) defense against inflation. d) store of value.
Answer:
c
Explanation:
it doesn't make sense to be a function of money
All of these are functions of money, EXCEPT defence against inflation. Hence, option C is correct.
What is inflation?Inflation is the increase in the after the certain period of time. It is, consisting of the overall increase in the price of all the commodities.
Living in the country or surviving in the particular way becomes expensive at the time of inflation. Inflation can cause the high level of the dependency of money to the government as the middle class family face problems due pt increase in price.
The most afflicted groups by inflation are the poor and those on tight budgets. Borrowers and investors in stocks, properties, and commodities benefit from inflation.
Thus, option C is correct.
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Enumerate four demerits of an open plan office
Explanation:
1. The benefits of easy collaboration are outweighed by the disadvantages of excess noise
2. Anything and everything can be a distraction
3. The lack of security can breed mistrust
4. Privacy is essential to job satisfaction, but impossible to come by
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Question 4 (2 points)
What is an apprenticeship?
(A) donating your time to an organization that interests you.
(B) temporary job, that may be paid or unpaid.
(C) informal, short-term opportunity to follow someone through the workday to see the specific responsibilities required for that job.
(D) working in a trade as an assistant while learning the skills you need to qualify for certification.
Answer: D - working in a trade as an assistant while learning the skills you need to qualify for certification.
D and C are similair, but an apprenticeship is an oppurtunity to work under somebody and learn their craft, meaning it is not short-term nor is it informal.
This is a table of different menu items served daily and on special occasions
A.Menu Charts
B.Menu Patterns
C.Stocks Inventory on Hand
D.Tested recipes and Portion Costs
A monopolist Cable TV provider makes higher profits by bundling News channels and Kids Entertainment channels together rather than selling these channels separately to subscribers. But this is mainly to promote News channels to subscribers. This implies that
What this implies is that the kid's channel subscribers are more willing to pay than the other News subscribers.
What is a Monopoly?This refers to the exclusive possession of the rights and means to supply and control in a market situation,
Hence, we can note that the monopolistic Cable TV provider makes higher profits by bundling News channels and Kids Entertainment channels together and this is because the kid's channel subscribers are more willing to pay than the other News subscribers.
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why is my take home less than gross pay
Answer:
There are a number of taxes and possible deductions such as federal, state taxes. You may alos have social security and medicare taxes as well. Lastly, you may have deductions if you have any typr of insurance; such as medical, dental, vision or retirement plans.
Explanation:
Answer:
The government takes takes out of your gross pay which gives you your take home pay.
Explanation:
A true statement about credit unions is that they usually
1-cannot make personal loans.
2-cannot offer depositors checking accounts.
3- charge lower fees and loan rates than banks.
4-give interest-free loans to their depositors.
A true statement about credit unions is that they usually charge lower fees and loan rates than banks.
What is Credit Union?Credit union is a cooperative financial institution that offers primary banking services to its members and established for the basic interest of its members. Its main aim is to meeting the needs of the members.
The members of the credit union are it's shareholders, depositor and it's not for profit making basis.
Hence, a true statement about credit unions is that they usually charge lower fees and loan rates than banks.
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In open market operations, the selling of bonds by the central bank
Select the correct answer below:
The sales of bonds by the central bank in open market operations decreases the amount of loans and money supply in an economy.
What is an open market operations?This operations involves the sales and purchase of securities in the open market by a central bank.
The operation serves as an important tool used by the Federal Reserve in the implementation of monetary policy.
In conclusion, the sales of bonds results to decreases the amount of loans and money supply in an economy.
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Current liabilities are important because they determine how much
company has.
A. working capital
B. current assets
C. liquid cash
D. stockholders' equity
Answer:
working capital is calculated by using the current ratio, which is current assets divided by current liabilities. A ratio above 1 means current assets exceed liabilities, and, generally, the higher the ratio, the better.
Miss work for no reason knowing they would be fired.
Why did they do it, you think?
Answer:
Either did not like the job they currently were working at or it did not matter to them anymore and they could find a better job oppertunity somewhere else.
Explanation:
Jakarius encourages his employees to focus on their own well-being and he truly hopes they will flourish. Jakarius is well on his way to:____________
a) expanding his employees’ skills.
b) designing jobs for task significance.
c) fairly compensating employees for their hard work.
d) creating a positive work environment.
Jakarius, who encourages his employees to focus on their well-being, is well on his way to d) creating a positive work environment.
What is a positive work environment?A positive work environment refers to a workplace where the following qualities and values are present and upheld:
TrustCooperationSafetyRisk-taking supportAccountabilityEquity.A positive work environment encourages employees to flourish as well as meet the organization's goals.
Thus, Jakarius, who encourages his employees to focus on their well-being, is well on his way to d) creating a positive work environment.
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different date between seasonal and off seasonal
Answer:
Seasonal effects are different from cyclical effects, as seasonal cycles are observed within one calendar year, while cyclical effects, such as boosted sales due to low unemployment rates, can span time periods shorter or longer than one calendar year.
such as satisfaction are concerned with the extent to which customer experiences are enhanced as a result of CRM. Question content area bottom Part 1 A. Customer perception metrics B. Marketing metrics C. User adoption metrics D. Key performance indicators (KPI) E. Business performance metrics
The customer perception metrics is basically concerned with the extent of how customer experiences are enhanced as a result of CRM.
What is the customer perception metrics?
This is a measurement of how a firm's customers feel about their product and brand.
Hence, this is the metrics that is concerned with the extent to which customer experiences are enhanced as a result of CRM.
Therefore, the Option A is correct
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An iterative group process that allows experts, who may be located in different places, to make forecasts is referred to as ________.
The iterative group process that allows experts, who may be located in different places, to make forecasts is referred to as Delphi method.
What is Delphi method?The Delphi method is an iterative group process used for making forecasts, generating ideas, solving problems, or reaching consensus on complex issues. It involves a structured approach to gathering input and opinions from a group of experts or stakeholders, who may be located in different places, in order to arrive at a collective decision or forecast.
The Delphi method is often used in situations where there is a need to tap into the collective intelligence of a group of experts or stakeholders, and where face-to-face interaction may not be feasible due to geographical, logistical, or time constraints.
The Delphi method is the iterative group process that allows experts, who may be located in different places, to make forecasts.
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