Business

A assessment may alter the content of a sales pitch.TrueFalse
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Cost behavior for variable overhead is more difficult to predict than the behavior of direct materials or direct labor cost for all the following reasons except: A. Multiple cost drivers are involved with variable overhead. B. Direct material and direct labor contain no semi-variable component. C. The variable portion of overhead must first be separated from the fixed portion. D. Variable overhead is a relatively small part of total overhead.
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Why is compound interest preferable to simple interest?Compound interest pays at least double the interest on the principalCompound interest is paid by the week or by the month, not only onO Compound interest is based on the entire principal, not just a percerO Compound interest pays interest on the principal and the interest ea
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IZSA11. Laser Research, Inc., is sending their five-person research team to a three-day conference tolearn a new automated lab procedure. One researcher earns $336 daily, two earn $360 daily.and two earn $390 daily. What will the three-day conference cost Laser Research, Ine, inlost productivity for the five researchers?
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Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing. 2019 2020 2021 Sales revenue $292,090 _________ $413,950 Sales returns and allowances (10,530) (13,790) (17847) Net sales 281560 345,615 396103 Beginning inventory 19,340 34,400 _________ Ending inventory 34400 43065 49896 Purchases 247720 260,690 297,524 Purchase returns and allowances (4,760) (7,410) (10,070) Freight-in 8,790 _________ 11,900 Cost of goods sold (236,690) (252735) (292,523) Gross profit on sales 44,870 92,880 _________
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Several years ago, Westmont Corporation developed a comprehensive budgeting system for planning and control purposes. While departmental supervisors have been happy with the system, the factory manager has expressed considerable dissatisfaction with the information being generated by the system.A report for the company's Assembly Department for the month of March follows:Assembly Department Cost Report For the Month Ended March 31 Actual Results Planning Budget VariancesMachine-hours 15,000 20,000 Variable costs: Supplies $9,300 $ 9,900 $600FScrap 32,200 34,500 2,300FIndirect materials 93,800 111,000 17,200FFixed costs: Wages and salaries 77,500 73,000 4,500 UEquipment depreciation 103,000 103,000 -Total cost $315,800 $331,400 $15,600FAfter receiving a copy of this cost report, the supervisor of the Assembly Department stated, "These reports are super. It makes me feel really good to see how well things are going in my department. I can't understand why those people upstairs complain so much about the reports."For the last several years, the company's marketing department has chronically failed to meet the sales goals expressed in the company's monthly budgets.Required:1. The company's president is uneasy about the cost reports, identify at least two reasons.2. What kind of reports should be used to give better insight into how well departmental supervisors are controlling costs?3. Complete the new performance report for the quarter, based on the Flexible Budget Performance approach.4. Were costs well controlled in March?
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Which statement best explains why the United States grew into a worldeconomic power in the 20th century?O A. The United States prevented other countries from abandoning thegold standard.O B. The United States increased its participation in international trade.C. The United States put effective trade barriers in place to limit tradewith other nations.D. The United States stayed out of major world wars and insteadmade economic investments.
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rdan Corporation expects to incur indirect overhead costs of $172,550 per month and direct manufacturing costs of $18 per unit. The expected production activity for the first four months of the year are as follows. January February March April Estimated production in units 5,300 7,300 4,800 6,400 Required Calculate a predetermined overhead rate based on the number of units of product expected to be made during the first four months of the year. Allocate overhead costs to each month using the overhead rate computed in Requirement a. Calculate the total cost per unit for each month using the overhead allocated in Requirement b.
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Personal selling used to be more common.TrueFalse
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location analysis has been narrowed down to two locations, Akron and Boston. The main factors in the decision will be the supply of raw materials, which has a weight of 0.50, transportation cost, which has a weight of 0.40, and labor cost, which has a weight of 0.10. The scores for raw materials, transportation, and labor are for Akron 60, 80, and 70, respectively; for Boston 70, 50, and 90, respectively. Given this information and a minimum acceptable composite score of 75, we can say that the manager should:____.a. build a plant in both cities. b. be indifferent between these locations. c. choose Boston. d. choose Akron. e. reject both locations.
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Which transaction involves a good?A. Selling desk chairsB. Washing windowsC. Providing technology supportD. Displaying an advertisement
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Many influential economists, politicians, and business leaders think that a shift toward a more integrated and interdependent global economy is a good thing. a. Trueb. False
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Flyer Company has provided the following information prior to any year-end bad debt adjustment: Cash sales, $158,000 Credit sales, $458,000 Selling and administrative expenses, $118,000 Sales returns and allowances, $38,000 Gross profit, $498,000 Accounts receivable, $185,000 Sales discounts, $22,000 Allowance for doubtful accounts credit balance, $2,000 Flyer estimates bad debt expense assuming that 1.5% of credit sales have historically been uncollectible. What is the balance in the allowance for doubtful accounts after bad debt expense is recorded
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Forrester Company is considering buying new equipment that would increase monthly fixed costs from $120,000 to $150,000 and would decrease the current variable costs of $70 by $10 per unit. The selling price of $100 is not expected to change. Forrester's current break-even sales are $400,000 and current break-even units are 4,000. If Forrester purchases this new equipment, the revised break-even point in units would:
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Often, an objection is simply a request forA. a discountB. a different salespersonC. more timeD. more information
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The following information describes production activities of Mercer Manufacturing for the year. Actual direct materials used 31,000 1bs. at $5.80 per lbActual direct labor used 10,600 hours for a total of $217,300Actual units produced . 63,000 Budgeted standards for each unit produced are 0.50 pounds of direct material at $5.75 per pound and 10 minutes $21.50 per hour. AQ = Actual Quantity SQ=Standard Quantity AP =Actual Price SP =Standard Price AH =Actual Hours SH= Standard Hours AR= Actual Rate SR= Standard Rate (1) Compute the direct materials price and quantity variances (2) Compute the direct labor rate and efficiency varian rect labor rate and efficiency variances.
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An airline is considering a project of replacement and upgrading of machinery that would improve efficiency. The new machinery costs $400 today and is expected to last for 5 years with no salvage value. Straight line depreciation will be used. Project inflows connected with the new machinery will begin in one year and are expected to be $200 each year for 5 consecutive years and project outflows will also begin in one year and are expected to be $90 each year for 5 consecutive years. The corporate tax rate is 32% and the required rate of return is 9%. Calculate the project's net present value.
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A company issues $90,000 of 9%, 10-year bonds dated January 1 that pay interest semiannually on June 30 and December 31 each year. If bonds are sold at par value, the issuer records the payment of principal at maturity with a (debit/credit) ________ to bond payable in the amount of _______. Multiple choice question. debit; $171,000 credit; $171,000 debit; $90,000 credit; $90,000 Need help
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11Jeanne Crawford had $10,675.50 deposited in an account paying 6.5% interest compounded semiannually.a) What is the amount in her account 2 years later?b) What is the compound Interest?
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how can a writer be grief when writing professional lettersA. By adding a writer be brief when writing professional letters B. By adding background information C. By avoiding words that end in " Ize or ton"D. By writing a concise letters that addresses your purpose
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Job Order Cost Accounting Entries for a Service Business Media Connect Inc. provides advertising services for clients across the nation. Media Connect is presently working on four projects, each for a different client. Media Connect accumulates costs for each account (client) on the basis of both direct costs and allocated indirect costs. The direct costs include the charged time of professional personnel and media purchases (air time and ad space). Overhead is allocated to each project as a percentage of media purchases. The predetermined overhead rate is 40% of media purchases. On April 1, the four advertising projects had the following accumulated costs: April 1 Balances First Bank $40,000 Reliable Airlines 18,000 Motel 26 33,000 Blue Mountain Beverages 27,000 During April, Media Connect incurred the following direct labor and media purchase costs related to preparing advertising for each of the four accounts: Direct Labor Media Purchases First Bank $115,000 $ 480,000 Reliable Airlines 84,000 320,000 Motel 26 110,000 200,000 Blue Mountain Beverages 125,000 300,000 At the end of April, both the First Bank and Reliable Airlines campaigns were completed. The costs of completed campaigns are added to the cost of services account. Determine each of the following for the month:a. Direct labor costs.b. Media purchases.c. Overhead applied.d. Cost of completed First Bank and Reliable Airlines campaigns.Total CostsFirst Bank $Reliable Airlines $
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Which of the following laws limits the hours and types of duties in which teens can work
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All of the following are cash and cash equivalents, EXCEPT *Savings depositMoney maker placementCash to be paid by a debtorCurrency that is legal tender
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ALL the questions in this assignment will be assessed using a rubric with marks awarded fordisplaying logic and coherence: sound knowledge of content, including at least three academiearticles - sourced from credible sources, application of theory, and adherence to SBS referencingguidelinesQuestion 1 [30]Write an essay to demonstrate your understanding of the economies of scale in a supply chain withreference to cycle inventory by arguing whether a toothpaste manufacturer wanting to offer quantitydiscounts to maximise its profit should offer lot-size-based or volume-based quantity discounts if itwants to maximise total supply chain profits at the same time. Discuss the concepts of lot-size-basedand volume-based quantity discounts and summarise under what circumstances lot-size-based andvolume-based quantity discounts are applicable before you argue the case of the toothpastenanufactureruestion 2 [35]
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