Madison Company's perpetual inventory records indicate that $545,970 of merchandise should be on hand on October 31. The physical inventory indicates that $499,000 is actually on hand. What is the amount of the inventory shortage? A. $499,000 B. $46,970 C. $545,970 D. $90,000

Answers

Answer 1

The inventory shortage is $46,970. Therefore, the correct answer is B. $46,970.

To determine the amount of the inventory shortage for Madison Company, you need to compare the perpetual inventory records ($545,970) with the physical inventory ($499,000).

Step 1: Identify the perpetual inventory amount: $545,970
Step 2: Identify the physical inventory amount: $499,000
Step 3: Subtract the physical inventory amount from the perpetual inventory amount: $545,970 - $499,000

The inventory shortage is $46,970. Therefore, the correct answer is B. $46,970.

Know more about inventory shortage here:

https://brainly.com/question/32079215

#SPJ11


Related Questions

The most costly method in our HMap class in terms of execution time is the _______________ method.

Answers

The most costly method in our HMap class in terms of execution time is the get method.

The reason for this is that the get method involves searching through the hash table for the key value provided by the user. This search can take a considerable amount of time, especially if the hash table is large or if the key value is not located close to its hash value.

Additionally, if the hash table is poorly designed, the get method may require more time to locate the key value than necessary. This can be due to factors such as a high collision rate, which can cause many key values to be stored in the same bucket, making it more difficult to locate a specific value.

To improve the performance of the get method, one approach is to use a better hashing function that distributes key values more evenly across the hash table. Another option is to use a different data structure, such as a binary search tree or a balanced tree, that can provide faster search times for specific key values.

In any case, it is important to carefully consider the desig n of the hash table and its associated methods to ensure optimal performance and minimize the impact of the most costly method, the get method.

Know more about the hashing function

https://brainly.com/question/30565085

#SPJ11

The process by which customer information is centralized and shared to enhance the relationship between customers and the organization is called ___________ management.
a. sales force
b. organizational
c. knowledge
d. customer relationship

Answers

Therefore the correct option is d. customer relationship management (CRM). CRM refers to the process of managing interactions and relationships with customers, with the goal of improving customer satisfaction and loyalty.

It involves collecting and centralizing customer data from various touchpoints, such as sales, marketing, and customer service, and using this information to personalize communication and offerings to better meet the needs of individual customers. CRM software is often used to facilitate this process, allowing organizations to track customer interactions, analyze data, and automate certain tasks. Effective CRM can lead to improved customer retention, increased sales, and stronger customer loyalty. In today's highly competitive business environment, building strong customer relationships is more important than ever. By implementing effective customer relationship management practices, organizations can gain a better understanding of their customers' needs and preferences, and develop targeted strategies to meet those needs. By centralizing and sharing customer information, organizations can also ensure that all customer-facing teams are working from the same data, reducing the risk of conflicting or inconsistent messaging. This can help to improve the overall customer experience, leading to greater customer satisfaction and loyalty. Effective CRM also allows organizations to identify trends and opportunities in their customer base, and to respond quickly to changing customer needs. Overall, customer relationship management is a critical component of any successful business strategy, helping organizations to build strong, lasting relationships with their customers and achieve long-term success.

To know more about customer relationship visit:

https://brainly.com/question/31083989

#SPJ11

aio statements describe which of the following? group of answer choices aptitude, intelligence, and opinions age, interests, and opinions activities, interests, and opinions activities, interpersonal relationships, and opinions

Answers

AIO statements describe activities, interests, and opinions. These statements are used in market research and consumer behavior analysis to gain insights into individuals' behaviors, preferences, and attitudes.

By understanding consumers' activities, interests, and opinions, marketers can better tailor their products, services, and marketing strategies to meet the needs and desires of their target audience.

AIO statements are commonly used in market segmentation and consumer profiling. They provide information about the activities individuals engage in, their specific interests, and their opinions or attitudes towards various topics or products. Activities refer to the actions or behaviors that individuals participate in, such as hobbies, sports, or leisure activities. Interests encompass the subjects, topics, or areas that individuals find appealing or engaging, such as music, fashion, or technology. Opinions represent individuals' thoughts, beliefs, or attitudes towards certain issues, products, or brands.

By collecting AIO data, marketers can gain a deeper understanding of their target audience's preferences, motivations, and values. This information allows them to develop more targeted marketing strategies, create relevant products or services, and effectively communicate with their customers. AIO statements help marketers identify consumer segments with similar behaviors, interests, and opinions, enabling them to tailor their marketing efforts to specific groups and enhance customer satisfaction. Ultimately, the use of AIO statements helps businesses better understand their customers and deliver offerings that align with their needs and desires.

To learn more about consumer profiling, click here:

brainly.com/question/30929060

#SPJ11

in order to adapt to the demands of longer ocean voyages, the portuguese

Answers

In order to adapt to the demands of longer ocean voyages, the Portuguese developed a vessel known as the caravel, option B.

Focus Brands owns the American ice cream franchise Carvel, which is best known for its soft-serve ice cream and ice cream cakes with a layer of distinctive "crunchies." Additionally, it offers novelty ice cream bars and ice cream sandwiches for purchase. Its motto is "America's Freshest Frozen yogurt".

The majority of Carvel's 320 ice cream shops are located in Florida and the Northeastern United States. It has locations in high-traffic areas like airports, shopping malls, and sports arenas in 19 states and Puerto Rico. Additionally, the company sells ice cream cakes in more than 8,500 supermarkets. Since 2001, Roark Capital Group has owned and operated the business, which is now a part of Focus Brands. Starting around 2020, the Carvel corporate site reports "in excess of 400 establishment and foodservice areas in excess of 20 states and north of 10 nations."

Learn more about Caravel:

https://brainly.com/question/23871380

#SPJ4

Complete question:

In order to adapt to the demands of longer ocean voyages, the Portuguese

1. left Portugal less often.

2. developed a vessel known as the caravel.

3. used enslaved Africans to pilot their ships.

4. stole technology and maps from Italian merchants

mr. johnson had $29 deducted for fica tax, $39.14 for federal income tax, $3.84 for state income tax, and $1.10 for life insurance. what was his net pay for last week?

Answers

His total earnings for the week would be his gross pay, which is the amount he was paid before any deductions are taken out.

To calculate Mr. Johnson's net pay for last week, you would need to subtract his total deductions from his total earnings.

His gross pay would be the amount he was paid for the hours he worked plus any additional pay he received, such as overtime or bonuses.

To calculate his gross pay, you would need to know how many hours he worked and his hourly rate of pay.

Once you have his gross pay, you can subtract his total deductions from it to calculate his net pay.

His total deductions for the week would be:

$29 for FICA tax

$39.14 for federal income tax

$3.84 for state income tax

$1.10 for life insurance

His net pay would be:

Gross pay - Total deductions

So, to calculate his net pay, you would need to know how much he was paid for the hours he worked and his hourly rate of pay. Once you have that information, you can subtract his total deductions from his gross pay to calculate his net pay.  

Learn more about earnings visit: brainly.com/question/30074795

#SPJ4

The financial statement that explains how a firm's cash changed from the beginning of the accounting period to the end is called the
A. statement of cash flow.
B. balance sheet.
C. income statement. D. master budget.
E. profit-loss statement.

Answers

The statement of cash flow is a financial statement that provides an overview of the cash inflows and outflows of a company during a specific accounting period. It explains how a firm's cash position has changed from the beginning of the accounting period to the end. The correct answer to the question is A, a statement of cash flow.

The statement of cash flow is an essential tool for financial analysis as it enables investors, creditors, and other stakeholders to understand the cash-generating capabilities of the company and the cash used for operating activities, investing activities, and financing activities.

The balance sheet, on the other hand, is a financial statement that provides a snapshot of a company's financial position at a specific point in time. It shows the assets, liabilities, and equity of a company. The income statement, also known as the profit and loss statement or P&L, is a financial statement that provides information on a company's revenues, expenses, and net income for a specific period. The master budget is a comprehensive financial plan that outlines a company's projected revenues, expenses, and cash flows for a specific period.

In conclusion, the statement of cash flow is a vital financial statement that shows how a firm's cash position has changed from the beginning of the accounting period to the end. It provides information on the cash generated from operating activities, investing activities, and financing activities. The other financial statements, including the balance sheet, income statement, and master budget, have different purposes and provide different types of financial information.

To know more about the Statement Of Cash Flow visit:

https://brainly.com/question/29023403

#SPJ11

using actual cost to determine an allocation rate is often problematic because the total actual cost ______.

Answers

using actual cost to determine an allocation rate is often problematic because the total actual cost may not accurately represent the cost driver or activity being allocated.

Actual costs can be influenced by various factors such as inefficiencies, fluctuations in resource prices, and unforeseen circumstances. Additionally, actual costs may include non-recurring expenses or unusual events that do not reflect the typical cost of the activity.

Moreover, using actual costs for allocation can result in distorted allocations if there are significant variations in the cost levels across different periods or departments. It may not provide a fair representation of the resources consumed by each cost object or activity.

To overcome these issues, many organizations opt for predetermined or budgeted cost allocation rates based on estimates or historical data. These rates provide a more stable and predictable basis for allocation, allowing for better cost control, planning, and decision-making.

For more questions on allocation
https://brainly.com/question/24553900
#SPJ11

There was a viewable display ad on July 15th, a non-viewable video ad on July 22nd, and a viewable video ad on July 29th. The customer had clicked on the first display ad on July 15th and purchased the product on August 5th. Which of the following receives the credit for conversion?
A July 22nd non-viewable video ad
B. July 29th viewable video ad
C. August 5th purchase
D. July 15th viewable display ad

Answers

Option C) August 5th purchase. It will receive the credit for the conversion.

The credit for conversion should be attributed to the event that directly led to the purchase, which in this case is the August 5th purchase. While the customer clicked on the first display ad on July 15th, it doesn't necessarily mean that the purchase was a direct result of that specific ad. Additionally, the non-viewable video ad on July 22nd and the viewable video ad on July 29th did not result in a purchase within the observed timeframe.

The ultimate conversion event occurred on August 5th when the customer made the purchase. It is crucial to attribute the credit to the touchpoint closest to the conversion event to accurately measure the effectiveness of marketing efforts. In this scenario, the August 5th purchase is the most relevant and significant event, directly indicating that the customer decided to buy the product. Therefore, option C, the August 5th purchase, receives the credit for the conversion.

Learn more about credit here:

https://brainly.com/question/29844444

#SPJ11

What is the best example of a "modified rebuy" by an organizational buyer?

Answers

A modified rebuy is a situation where an organization is already buying a product or service, but there are some changes in the requirements or specifications of the product or service.

In such a case, the organization may decide to modify its existing supplier relationship or select a new supplier altogether. One good example of a modified rebuy by an organizational buyer is when a company has been purchasing computer hardware and software from a particular supplier for several years, but suddenly decides to switch to a different supplier due to changes in technology or business needs. The company may seek out a new supplier who can provide the latest technology or a more customized solution, leading to a modified rebuy situation. In such cases, the organizational buyer will usually conduct extensive research and evaluation of potential suppliers to ensure that they are capable of meeting their specific needs and requirements. Ultimately, the decision to modify the existing supplier relationship or select a new supplier will depend on factors such as cost, quality, and service.

To learn more about product, visit:

https://brainly.com/question/31642297

#SPJ11

if the central bank of country k wishes to increase the value of its currency on foreign exchange markets, it can do which of the following?
a.Buy the currencies of other countries b.Increase the domestic money supply in Country Z c.Increase the income tax in Country Z d.Raise interest rates in Country Z e.Increase tariffs in Country Z

Answers

If the central bank of country K wishes to increase the value of its currency on foreign exchange markets, it can do the following:
a. Buy the currencies of other countries.

The central bank of country K can raise interest rates in Country Z to increase the value of its currency on foreign exchange markets. By increasing interest rates, the central bank makes it more attractive for foreign investors to invest in the country, which increases demand for the currency and thus its value. Buying the currencies of other countries may also have an impact on the exchange rate, but it is not a primary tool used by central banks to influence the value of their currency. Increasing the domestic money supply in Country Z, increasing income tax, and increasing tariffs in Country Z may have unintended consequences on the economy and are not effective tools for influencing the value of a currency on foreign exchange markets. By purchasing foreign currencies, the central bank reduces their supply in the market, leading to an increase in the value of its own currency in comparison.

To learn more about central bank, visit:

https://brainly.com/question/31527561

#SPJ11

In a weighted moving average, the weights assigned must sum to One. TRUE/FALSE

Answers

The statement is True. In a weighted moving average, the weights assigned must sum to one.

In a weighted moving average, the values in the time series are multiplied by different weights before calculating the average. These weights reflect the importance or significance assigned to each data point. It is necessary for the weights assigned to each value to sum up to one for the calculation to be accurate.

The purpose of assigning weights in a weighted moving average is to give more importance to certain data points and less importance to others based on their significance or relevance. The weights determine the relative contribution of each data point to the overall average, and their summing to one ensures that the average is appropriately weighted and balanced.

If the weights do not sum up to one, the resulting average may be distorted or biased. It is essential to maintain the proportionality of the weights to preserve the integrity and accuracy of the weighted moving average calculation.

Learn more about proportionality here:

https://brainly.com/question/8598338

#SPJ11

The movement from db to da in the market for potato chips could be caused by a(n):_______

Answers

The movement from db (demand for potato chips) to da (supply of potato chips) in the market for potato chips could be caused by various factors.

Firstly, an increase in the price of potatoes, which is the main raw material used in making potato chips, could lead to a decrease in the supply of potato chips as it becomes more expensive for manufacturers to produce them. This could cause a shift from da to db as the quantity supplied decreases. Secondly, a change in consumer preferences could also lead to a shift from db to da as demand for healthier snacks may increase, reducing the demand for potato chips. Lastly, an increase in competition from substitute products, such as popcorn or crackers, could lead to a decrease in demand for potato chips and a shift from db to da. In summary, several factors could cause a movement from db to da in the market for potato chips.

To know more about movement visit :-

https://brainly.com/question/11223271

#SPJ11

Final answer:

The movement from db to da in the market for potato chips could be caused by a discriminatory business that is underpaying its workers. This movement is an example of the substitution effect, where people shift away from a good that has become relatively more expensive and toward a good that has become relatively less expensive.

Explanation:

The movement from db to da in the market for potato chips could be caused by a discriminatory business that is underpaying its workers. This may lead workers to leave for jobs with another employer who offers better pay, creating market pressure that forces the discriminatory business to behave better. This movement is an example of the substitution effect, where people shift away from a good that has become relatively more expensive and toward a good that has become relatively less expensive.

Learn more about Substitution effect here:

https://brainly.com/question/34226133

#SPJ12

Which of the following is the first step a manager should take during the objective-setting process? A. Reviewing the organization's mission or purpose B. Writing down the goals and communicating them to all who need to know C. Allocating major objectives among divisional and departmental units D. Determining the goals individually or with input from others E. Evaluating available resources

Answers

The first step a manager should take during the process is objective-setting, reviewing the organization's mission or purpose.

This is important because the mission statement outlines the overall goals and values of the organization. By reviewing the mission, a manager can ensure that the objectives they set align with the organization's overall purpose and direction. Once the mission has been reviewed, the manager can move on to determining the specific goals and objectives that will help achieve the mission. This can be done individually or with input from others, but the goals should be communicated to all who need to know. Allocating major objectives among divisional and departmental units and evaluating available resources can come later in the objective-setting process once the goals themselves have been established.

To know more about  objective-setting visit :-

https://brainly.com/question/28423874

#SPJ11

average tenure of employees is classified as a _____ metric of human resource.

Answers

HR metrics refer to quantifiable measurements used to assess and analyze various aspects of human resource management.

The average tenure of employees is classified as a retention HR metric of human resource management. It measures the average length of time that employees stay in a company or organization before leaving for any reason. This metric can provide insights into employee satisfaction, engagement, and the effectiveness of retention strategies. By monitoring and analyzing average tenure, HR managers can identify factors that influence employee turnover and develop targeted initiatives to retain talented employees and create a positive workplace culture.

Learn more about HR metrics here:

https://brainly.com/question/28179369

#SPJ11

how often do you suggest additional merchandise to customers at the end of a sale?

Answers

I suggest offering additional merchandise to customers at the end of a sale to enhance their overall shopping experience and potentially increase the store's revenue. This practice can be done consistently, as it helps cater to the customers' needs and preferences.

As an AI language model, I don't have personal experience to suggest how often you should recommend additional merchandise to customers at the end of a sale. However, it depends on the type of business and the products or services you offer. In general, it is a good idea to suggest additional merchandise to customers when it is relevant and can add value to their purchase. This can be done by offering complementary products or services that can enhance their overall experience. It is important to avoid being pushy and to ensure that customers feel comfortable with their decision. Ultimately, the goal is to provide excellent customer service and increase sales by offering relevant and valuable additional merchandise.


To learn more about sale, visit:

https://brainly.com/question/28500326

#SPJ11

In 2019, Santo Corporation incurred direct manufacturing costs of $56 per unit and manufacturing overhead costs of $600,000. The production activity for the four quarters of 2019 follows: 2nd Quarter 3,000 3rd Quarter 5,000 4th Quarter 8,000 1st Quarter Number of units produced 4,000 Required a. Calculate a predetermined overhead rate based on the number of units produced during the year. b. Allocate overhead costs to each quarter using the overhead rate computed in Requirement a. c. Using the overhead allocation determined in Requirement b, calculate the total cost per unit for each quarter.

Answers

A. Predetermined overhead rate $30 per unit, B. 1Q. $120,000, 2Q. $90,000, 3Q. $150,000 and 4Q. $240,000 and the total cost per unit for each quarter is $86.

a. To calculate the predetermined overhead rate based on the number of units produced during the year, divide the total manufacturing overhead costs by the total number of units produced:
Total manufacturing overhead costs = $600,000
Total number of units produced = 4,000 + 3,000 + 5,000 + 8,000 = 20,000
Predetermined overhead rate = Total manufacturing overhead costs / Total number of units produced
Predetermined overhead rate = $600,000 / 20,000 = $30 per unit

b. To allocate overhead costs to each quarter, multiply the predetermined overhead rate by the number of units produced in each quarter:
2nd Quarter allocation: $30 per unit x 3,000 units = $90,000
3rd Quarter allocation: $30 per unit x 5,000 units = $150,000
4th Quarter allocation: $30 per unit x 8,000 units = $240,000
1st Quarter allocation: $30 per unit x 4,000 units = $120,000

c. To calculate the total cost per unit for each quarter, add the direct manufacturing costs per unit to the allocated overhead costs per unit:
2nd Quarter total cost per unit: $56 per unit (direct manufacturing costs) + $90,000 (allocated overhead) = $56 + $90,000/3,000 = $86 per unit
3rd Quarter total cost per unit: $56 per unit (direct manufacturing costs) + $150,000 (allocated overhead) = $56 + $150,000/5,000 = $86 per unit
4th Quarter total cost per unit: $56 per unit (direct manufacturing costs) + $240,000 (allocated overhead) = $56 + $240,000/8,000 = $86 per unit
1st Quarter total cost per unit: $56 per unit (direct manufacturing costs) + $120,000 (allocated overhead) = $56 + $120,000/4,000 = $86 per unit
Therefore, the total cost per unit for each quarter is $86.

To learn more about overhead rate
https://brainly.com/question/14347852
#SPJ11

which of the following represents the law of supply? an increase in the price of a good causes an increase in the quantity supplied of that good. an increase in the price of a good causes an increase in the supply of that good. an increase in the price of a good causes a rightward shift of the supply curve for that good. all of the above

Answers

The correct answer is: An increase in the price of a good causes an increase in the quantity supplied of that good. The law of supply states that there is a positive relationship between the price of a good and the quantity supplied.

When the price of a good increases, other factors remaining constant, producers are incentivized to supply more of that good to the market. This relationship is depicted as a movement along the supply curve, indicating a change in the quantity supplied. The other options listed in b and c do not accurately represent the law of supply. An increase in the price of a good does not necessarily cause an increase in the overall supply of that good (option b). Additionally, the law of supply does not refer to a rightward shift of the supply curve (option c).

To learn more about supply, https://brainly.com/question/26374465

#SPJ11

Suppose your income is $2,000.00 this year and $1,090.00 next year. All you care about is consumption this year and next year. You can borrow or lend at an interest rate of 9.00%. The consumption good costs $1.00 per unit this year, and there is no inflation.Give all answers to two decimals.The present value of your endowment is $The future value (next year) of your endowment is $

Answers

Depending on the particular endowment fund and its investments, the value of an endowment can vary significantly. An endowment is a collection of assets that are often given to a charity or educational institution with the goal of generating money in the long run. The present value of your endowment is $2,000.00, and the future value of your endowment is $3,270.00.

To calculate the present and future values of your endowment, we'll need to consider your income, interest rate, and consumption costs.

The present value of your endowment is simply your income this year, as there's no inflation and the consumption good costs $1.00 per unit. So, the present value is $2,000.00.

To calculate the future value of your endowment, we'll consider your income next year and the interest rate. If you save all your income this year and lend it at a 9% interest rate, you'll have:

$2,000.00 * 1.09 = $2,180.00

Now, add your income next year:

$2,180.00 + $1,090.00 = $3,270.00

So, the future value of your endowment next year is $3,270.00.

In summary, the present value of your endowment is $2,000.00, and the future value of your endowment is $3,270.00.

To know more about the Endowment visit:

https://brainly.com/question/7929022

#SPJ11

TRUE/FALSE. the kraft heinz company product, mio drops, is an example of a low-tech source of innovation.

Answers

False, Mio Drops, a product of the Kraft Heinz Company, is not an illustration of a low-tech source of innovation.

Mio Drops are a relatively new product in the beverage industry that allow consumers to customize the flavor of their water. However, the technology behind Mio Drops is not considered low-tech, as it involves the use of advanced chemistry to create flavor extracts that can be easily mixed into water.

Mio Drops is a liquid water enhancer that adds flavor to water, and it doesn't involve any complex technology. It represents a low-tech innovation, as it is a simple product that addresses the need for improved taste in water without using any advanced technological processes.

To Know more about beverage industry

https://brainly.com/question/5068101

#SPJ11

based on the table, what is total revenue for john's tricycle company if it produces at its profit-maximizing output?

Answers

In an ideal competitive environment, each firm has to produce the amount of output where P = MC, where P is a measure of how much consumers value the good and MC is a measure of how much it costs society on average to produce one unit.

The firm should produce at the point when its marginal cost and marginal income are equal in order to maximize profit. The company's unit marginal cost of manufacturing is $20. The company's marginal revenue, for four units produced, is $20. Thus, the company needs create four units of production. In order to maximize marginal revenue, a business must renounce the chance to sell current output at a particular price.

To learn more about company, click here.

https://brainly.com/question/30532251

#SPJ4

worries about international competition often lead domestic producers to call for __________.

Answers

Worries about international competition often lead domestic producers to call for protectionism.

Protectionism refers to government policies and measures aimed at protecting domestic industries and businesses from foreign competition. Domestic producers may argue that foreign imports are being sold at lower prices, which could potentially harm their profitability and market share. As a result, they may seek government intervention to restrict or limit imports through tariffs, quotas, or subsidies. However, protectionism can also have negative consequences, such as higher prices for consumers, reduced choice, and retaliation from other countries. Therefore, policymakers must carefully weigh the costs and benefits of protectionism before implementing any measures to protect domestic producers from international competition.

To learn more about producer, visit:

https://brainly.com/question/29975890

#SPJ11

an option with an exercise price equal to the underlying asset's price is group of answer choices worthless. in the money. at the money. out of the money. theoretically impossible.

Answers

An option with an exercise price equal to the underlying asset's price is "at the money." Option C: "at the money" is the correct answer.

In options trading, the exercise price is the predetermined price at which the option holder can buy (in the case of a call option) or sell (in the case of a put option) the underlying asset. When the exercise price is equal to the current price of the underlying asset, the option is considered "at the money."

At this point, the option does not have any intrinsic value, as exercising it would not result in an immediate profit. However, the option still holds time value, as there is a possibility for it to move into a profitable position before expiration. Therefore, an option with an exercise price equal to the underlying asset's price is referred to as being "at the money."

Option C is answer.

You can learn more about asset price at

https://brainly.com/question/28609793

#SPJ11

During January, Novak Co. incurs 1,960 hours of direct labor at an hourly cost of $11.80 to produce 1,070 units of its finished product. Novak’s standard labor cost per unit of output is $22 (2 hours x $11.00).

Compute the total, price, and quantity labor variances for Novak Co. for January. Identify whether each variance is favorable or unfavorable.

Total Labor Variance


$enter a dollar amount


select an option Not ApplicableUnfavorableFavorable


Labor Price Variance


$enter a dollar amount


select an option Not ApplicableFavorableUnfavorable


Labor Quantity Variance

Answers

The total, price, and quantity labor variances for Novak Co. for January is $1,568 Unfavorable and $1,980 Favorable.

The difference between the standard cost for actual production and the actual cost of production is the direct labor cost variance. There are two types of labor cost variances. The difference between the standard cost and the actual cost paid for the actual number of hours is called the labor rate variance. Work effectiveness fluctuation is the distinction between the standard work hour that ought to have been worked for the genuine number of units created and the real number of hours worked when the work hours are esteemed at the standard rate.

Multiplied by the standard rate, the difference between the amount of labor time that should have been used and the amount of labor that was actually used. Take, for instance, the typical direct labor cost per unit of product A: $35 for 2.5 hours multiplied by $14. In addition, suppose that the business recorded 4500 hours of direct labor time in March. This labor time actually cost $64,800, or $14.40 per hour on average. Throughout the month, the business produced 2000 units of product A.

Labor Price Variance = ( Actual price - Standard price  ) x actual hours

                                     = ( 11.80 - 11.00 )  x 1,960

                                     = 0.80  x 1,960

                                     = $ 1,568 Unfavorable

Labor Quantity  variance = ( Actual Hours - Standard hours ) x Standard price

                                            = ( 1,960 - ( 1,070 x 2 )  )  x  11.00

                                            = ( 1,960 - 2,140  )  x  11.00

                                            = - 180  x  11.00

                                            = $ 1,980 Favorable.

Learn more about labor variances:

https://brainly.com/question/16447259

#SPJ4

A firm that sends e-mail updates to customers about new products is engaging in personal selling.a. Trueb. False

Answers

False. A firm that sends e-mail updates to customers about new products is engaging in direct marketing, not personal selling. Personal selling involves face-to-face communication between a salesperson and a potential customer.
b. False A firm that sends e-mail updates to customers about new products is not engaging in personal selling. This is a form of direct marketing or e-marketing, which uses electronic communication to inform customers about new products. Personal selling involves one-on-one interaction between a salesperson and a customer, typically through face-to-face communication or telephone conversations.

To learn more about personal selling, visit:

https://brainly.com/question/29909959

#SPJ11

simmons inc. applies overhead to production at a predetermined rate of 90% based on direct labor cost. job no. 250, the only job still in process at the end of august, has been charged with manufacturing overhead of $3,600. what was the amount of direct materials charged to job 250 assuming the balance in work in process inventory is $15,000?

Answers

To determine the amount of direct materials charged to Job No. 250 is $15,000, we need to consider the manufacturing overhead applied and the balance in work in process inventory.

Given information:

Predetermined overhead rate: 90% based on direct labor cost

Manufacturing overhead charged to Job No. 250: $3,600

Balance in work in process inventory: $15,000

Since the predetermined overhead rate is based on direct labor cost, we can calculate the direct labor cost incurred on Job No. 250. To do this, we divide the manufacturing overhead charged by the predetermined overhead rate:
Direct Labor Cost = Manufacturing Overhead Charged / Predetermined Overhead Rate

Direct Labor Cost = $3,600 / 90%

Direct Labor Cost = $4,000
Now, we can determine the total production cost of Job No. 250 by adding the direct labor cost and the amount in the work in process inventory:
Total Production Cost = Direct Labor Cost + Balance in Work in Process Inventory

Total Production Cost = $4,000 + $15,000

Total Production Cost = $19,000
Since the total production cost includes both direct labor cost and direct materials cost, we can subtract the direct labor cost to find the direct materials charged to Job No. 250:
Direct Materials Charged = Total Production Cost - Direct Labor Cost

Direct Materials Charged = $19,000 - $4,000

Direct Materials Charged = $15,000
Therefore, the amount of direct materials charged to Job No. 250 is $15,000.

To know more about inventory, click here https://brainly.com/question/31146932

#SPJ11

Data were collected from a random sample of 390 home sales from a community in 2003. Let Price denote the selling price (in $1,000), BDR denote the number of bedrooms, Bath denote the number of bathrooms, Hsize denote the size of the house in square feet), Lsize denote the lot size (in square feet), Age denote the age of the house in years), and Poor denote a binary variable that is equal to 1 if the condition of the house is reported as "poor." An estimated regression yields: Price = 126.4 +0.514BDR + 24.8 Bath +0.165 Hsize + 0.004L size (25.3) (2.56) (9.48) (0.012) (0.00051) +0.095Age - 51.7Poor, R2 = 0.76, SER = 44.0 (0.330) (11.1) The t-statistic for the coefficient on BDR is 201 . (Round your response to three decimal places.) Is the coefficient on BDR statistically significantly different from zero? OA Since the t-statistic > 0.05, the coefficient on BDR is not statistically significantly different from zero. B. Since the t-statistic < 1.96, the coefficient on BDR is not statistically significantly different from zero. O C. Since the t-statistic > 1.96, the coefficient on BDR is statistically significantly different from zero. OD. Since the t-statistic < 0.05, the coefficient on BDR is statistically significantly different from zero

Answers

The coefficient on BDR in the regression model is statistically significantly different from zero. This conclusion is based on the given t-statistic of 201 for the coefficient on BDR, which is much larger than the critical value of 1.96 at the 5% significance level. Therefore, we reject the null hypothesis that the coefficient on BDR is zero and conclude that there is a statistically significant relationship between the number of bedrooms (BDR) and the selling price (Price) of the homes. The t-statistic provides evidence that the coefficient on BDR is not likely to be a result of random chance and suggests that an increase in the number of bedrooms has a positive impact on the selling price, holding other variables constant.

In regression analysis, the t-statistic is used to determine the statistical significance of a coefficient estimate. The t-statistic measures the ratio of the estimated coefficient to its standard error. If the t-statistic is larger than a critical value (in this case, 1.96 at the 5% significance level), we can conclude that the coefficient is statistically significantly different from zero.

In this case, the t-statistic for the coefficient on BDR is given as 201, which is much larger than 1.96. This indicates a strong evidence against the null hypothesis that the coefficient on BDR is zero. Therefore, we can conclude that the coefficient on BDR is statistically significantly different from zero, suggesting that the number of bedrooms has a significant impact on the selling price of the homes.

To learn more about regression analysis, click here: brainly.com/question/31873297 #SPJ11

in order to sustain the competitive power of resources and capabilities they must be

Answers

Answer:

All the following options are correct.

Answer: E. all of these

A. continually strengthened and nurtured.

B. broadened and deepened to cover emerging market opportunities.

C. refreshed, modified, or sometimes phased out and replaced in response to ongoing market changes.

D. difficult to imitate.

Explanation:

The firm in Figure 11-18, a monopolist that maximizes profit by charging all customers the same price, is making a profit of Answer a. $960 b. $0 c. $234 d. $468 e. $482

Answers

The firm in Figure 11-18, a monopolist that maximizes profit by charging all customers the same price, is making a profit of $0.

In a monopolistic market, where the monopolist maximizes profit by charging the same price to all customers, the profit is determined by the difference between total revenue and total cost. In Figure 11-18, the profit-maximizing quantity is at the point where marginal cost (MC) intersects marginal revenue (MR). At this quantity, the monopolist's total revenue equals total cost, resulting in zero economic profit. Therefore, the answer is option b, $0. The monopolist is not making any profit in this scenario.

To learn more about monopolist

https://brainly.com/question/2891218

#SPJ11

brazina, massimini, and wentzel formed the la salle general partnership at the beginning of the current year. brazina, massimini, and wentzel each contributed $100,000. at the beginning of the year the partnership had $0 outstanding debt, however, the partnership borrowed $30,000 on their line of credit during the year. all three partners agreed to split profits and losses equally. for the first year of operations, the partnership records disclosed the following information: $ 520,000 470,000 70,000 3,000 Sales revenue Cost of goods sold Operating expenses Long-term capital gains Charitable contributions Municipal bond interest Salary paid as a guaranteed payment to Deanne (not included in expenses) $1231 gains 600 300 300 3,000 a. Compute the adjusted basis of each partner's interest in the partnership immediately after the formation of the partnership. b. List the separate items of partnership income, gains, losses, and deductions that the partners must show on their individual income tax returns that include the results of the partnership's first year of operations. d. What are the partners' adjusted bases in their partnership interests at the end of the first year of operations?

Answers

(a) Partners contributed $100,000 each, their initial basis is $100,000 each. (b) Salary paid to Deanne (guaranteed payment): $3,000 / 3 = $1,000 each. (c)  Initial basis ($100,000) + Share of income ($173,333.33) - Guaranteed payment received ($1,000) = Adjusted basis

To compute the adjusted basis of each partner's interest in the partnership immediately after formation, we need to consider the contributions made by each partner.

a. Compute the adjusted basis of each partner's interest in the partnership immediately after formation:

Since all partners contributed $100,000 each, their initial basis is $100,000 each.

b. List the separate items of partnership income, gains, losses, and deductions that the partners must show on their individual income tax returns that include the results of the partnership's first year of operations:

The partnership's income, gains, losses, and deductions are allocated equally among the partners. Based on the provided information, the separate items are as follows:

Income:

Sales revenue: $520,000 / 3 = $173,333.33 each

Gains:

Long-term capital gains: $70,000 / 3 = $23,333.33 each

Losses:

None provided

Deductions:

Cost of goods sold: $470,000 / 3 = $156,666.67 each

Operating expenses: $70,000 / 3 = $23,333.33 each

Charitable contributions: $3,000 / 3 = $1,000 each

Municipal bond interest: $300 / 3 = $100 each

Salary paid to Deanne (guaranteed payment): $3,000 / 3 = $1,000 each

c. To determine the partners' adjusted bases in their partnership interests at the end of the first year of operations, we need to consider their initial basis, their share of partnership income, and any withdrawals or distributions made.

Adjusted basis at the end of the first year for each partner:

Partner 1 (Brazina): Initial basis ($100,000) + Share of income ($173,333.33) - Guaranteed payment received ($1,000) = Adjusted basis

Partner 2 (Massimini): Initial basis ($100,000) + Share of income ($173,333.33) - Guaranteed payment received ($1,000) = Adjusted basis

Partner 3 (Wentzel): Initial basis ($100,000) + Share of income ($173,333.33) - Guaranteed payment received ($1,000) = Adjusted basis

Please note that withdrawals or distributions made during the year would also affect the adjusted basis, but the information regarding any such withdrawals is not provided in the given question.

for more such questions on Salary

https://brainly.com/question/28390284

#SPJ11

Crafting a strategy to compete in one or more foreign markets can be considered complex because
Multiple Choice
• currency exchange rates among countries are generally fixed and rarely change.
• buyer tastes and preferences differ among countries and present a challenge for companies concerning. customizing versus standardizing their products and services.
• the potential for location-based advantages to conducting value chain activities in certain countries.
• different government policies and economic conditions make the business climate more favorable in some countries than in others.
• factors that affect industry competitiveness are the same from country to country.

Answers

Crafting a strategy to compete in one or more foreign markets can be considered complex because buyer tastes and preferences differ among countries and present a challenge for companies concerning customizing versus standardizing their products and services.

This requires extensive market research and analysis to determine the needs and wants of each specific market and tailor the company's offerings accordingly. Additionally, different government policies and economic conditions make the business climate more favorable in some countries than in others, which further complicates the strategy development process. Companies must consider factors such as tariffs, regulations, and political stability when entering new markets. The potential for location-based advantages to conducting value chain activities in certain countries also adds complexity to the strategy development process.

Finally, currency exchange rates among countries are rarely fixed and can have a significant impact on a company's financial performance in foreign markets. All of these factors require careful consideration and planning to develop an effective strategy for competing in foreign markets.

Know more about value chain activities here:

https://brainly.com/question/29781976

#SPJ11

Other Questions
Calculate the after-tax cost of debt under each of the following conditions:rd of 10%, tax rate of 0%. Round your answer to two decimal places.% what happened when the first identified cases of hiv were gay men and intravenous drug users? the balanced equation for the complete combustion of c5h12 will give which of these product(s)? when working with a table, press ____ to move to the next line within the same cell. the genre of literature most representative of urban culture during the high middle ages was the: viscosity is an important property of a polymer melt in plastics-shaping processes. upon what parameters does viscosity depen in national federation of independent business v. sebelius (2012)the supreme court found that a.health care should be regulated by the state governments. b.employers must provide contraception coverage in the insurance plans offered to their employees. the heel of the foot is on the _______ side of the body. upon creation, each vnic is automatically assigned a ____. what is the value of a in the following nuclear reaction? 212 84po208 82pb+azx Solve:i have attached the question!will mark the first one brainliest T he many demands on consumers today have made it more difficult for marketers to: a. offer green marketing solutions.b. deliver products just-in-time.c. differentiate between the needs of seniors and Baby Boomers.d. decide what to offer.e. grab consumers' attention Which of the following is an example of selective breeding (artificial selection) by humans?the diversity of dog breeds in the world todaythe diversity of human species in the world todaythe extinction of frogs in Monteverde's cloud forestthe great diversity of human-made fabrics Which concept below is NOT a main idea of estimating a population proportion?A. The sample proportion is the best point estimate of the population proportion.B. Knowing the sample size necessary to estimate a population proportion is important.C. Using a sample statistic to estimate the population proportion is utilizing descriptive statistics.D. We can use a sample proportion to construct a confidence interval to estimate the true value of a population proportion As compared to a high-volume product, a low-volume productusually requires less special handling.requires relatively fewer machine setups.is usually responsible for more overhead costs per unit.requires use of direct labor hours as the primary cost driver to ensure proper allocation of overhead. Please select the goals for designing effective vaccines to test your understanding of factors that are involved in vaccine development. Check All That Apply a.does not require numerous doses or boosters b.has a low level of adverse side effects or toxicity c.stimulates only humoral immunity d.achieves long-term, lasting effects e.inexpensive to produce ow many kinetochores are present in a human cell during mitosis? what is the default inactivity timer in minutes for the console port on a cisco ios 2900 isr? which of the following is not a hole or other kind of opening through a bone? why is it absolutely critical that media decisions are carefully thought out? group of answer choices marketers need media to reach audiences that are likely in need of the information. ad messages should sound credible to the audience. they directly empower consumers. promoters need to always develop very creative messages for their target audiences. they make messages memorable.