Check my wo A review of the accounting records of Campbell Manufacturing Indicated that the company incurred the following payroll costs during the month of March Assume the company's financial statements are prepared in accordance with GAAP. 1. Salary of the company president-$32,800. 2. Salary of the vice president of manufacturing-$15,800. 3. Salary of the chief financial officer-$18,000. 4. Salary of the vice president of marketing-$15,700 5. Salaries of middle managers (department heads, production supervisors) in manufacturing plant-$193,000, 6. Wages of production workers-$939,000. 7. Salaries of administrative secretaries-$107.000 8. Salaries of engineers and other personnel responsible for maintaining production equipment-$185,000 9. Commissions paid to sales staff-$255,000 Required a. What amount of payroll cost would be classified as SG&A expense? b. Assuming that Campbell made 3,600 units of product and sold 2,520 of them during the month of March, determine the amount of payroll cost that would be included in cost of goods sold (Do not round intermediate calculations.) Required a. What amount of payroll cost would be classified as SG&A expense? b. Assuming that Campbell made 3,600 units of product and sold 2,520 of them during the month of March, determine the amount of payroll cost that would be included in cost of goods sold. (Do not round intermediate calculations.) a Payroll cost to be included in SG&A cost b. Payroll cost to be included in cost of goods sold
Answers
To determine the payroll cost to be included in SG&A (Selling, General, and Administrative) expenses, we need to add up the salaries of the company president, vice president of manufacturing, chief financial officer, vice president of marketing, administrative secretaries, and the commissions paid to sales staff.
Payroll cost included in SG&A expense = $32,800 + $15,800 + $18,000 + $15,700 + $107,000 + $255,000
Payroll cost included in SG&A expense = $444,300
b. To determine the payroll cost to be included in Cost of Goods Sold (COGS), we need to calculate the total manufacturing overhead cost and deduct the amount of overhead that is not related to the production process.
Manufacturing overhead cost = Salaries of middle managers in manufacturing plant + Wages of production workers + Salaries of engineers and other personnel responsible for maintaining production equipment
Manufacturing overhead cost = $193,000 + $939,000 + $185,000
Manufacturing overhead cost = $1,317,000
We can assume that all of these overhead costs are related to the production process, so we can include the entire amount in COGS.
Payroll cost included in COGS = Manufacturing overhead cost
Payroll cost included in COGS = $1,317,000
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Related Questions
If the quantity demanded is greater than the quantity supplied, what will happen to the price?
A. Go up
B. Go up then down
C. Go down
D. Remain the same
Answers
Twelve years ago, an investor bought a certain number of shares of stock for which he paid p 100 per share. at the end of each year, for the next 6 years, he received dividends of p 20 per share. thereafter he received p 10 per share at the end of each year for the next 6 years. if he sells this stock now at p 90 per share, what rate of return will he receive?
Answers
The investor will sit at a rate of return of around 170% overall in the given condition.
Who is an investor?A person who engages money into one or more classes of investment with an intention to earn monetary returns is known as an investor. In the given condition, the returns of the investor will be calculated as:
\(\rm Returns= Dividend\ for\ 12\ Years- Capital\ Loss\\\\\rm Returns= (120+60)-(10)\\\\\rm Returns= 170\)
Thus, the value of total portfolio of the investor will be p 270 and the rate of return will be calculated as 170%.
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Under PPO, which of the following in-network specialists would a referral be required?
Answers
Answer:
Explanation:You do not need a referral to see a specialist. However, some specialists will only see patients who are referred to them by a primary care doctor. And, some PPOs require that you get a prior approval for certain expensive services, such as MRIs.
A subsidiary of Dunder Inc., a U.S. company, was located in a foreign country. The functional currency of this subsidiary was the Stickle (§) which is the local currency where the subsidiary is located. The subsidiary acquired inventory on credit on November 1, 2020, for §160,000 that was sold on January 17, 2021 for §207,000. The subsidiary paid for the inventory on January 31, 2021. Currency exchange rates between the dollar and the Stickle were as follows:November 1, 2020$0.21=§1December 31, 2020$0.22=§1January 1, 2021$0.24=§1January 31, 2021$0.25=§1Average for 2021$0.27=§1What amount would have been reported for this inventory in Dunder's consolidated balance sheet at December 31, 2020?$35,200.Current rate method: §160,000 × $0.22 = $35,200Which method of translating a foreign subsidiary's financial statements is correct if it is assumed that the parent's net investment is exposed to foreign exchange risk?
Answers
If the parent's net investment is exposed to foreign exchange risk, the most appropriate method of translating a foreign subsidiary's financial statements would be the current rate method.
What does it entail?Under this method, all balance sheet items are translated using the exchange rate at the balance sheet date, and all income and expense items are translated using the exchange rate at the time of the transaction.
This method reflects the most current exchange rates and thus, any gains or losses from fluctuations in exchange rates are reflected in the parent's consolidated financial statements.
This method also provides a clearer picture of the subsidiary's financial position and performance at the time of consolidation.
However, it should be noted that this method can result in significant fluctuations in reported earnings due to changes in exchange rates.
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In the manufacturing sector, small businesses sometimes have an advantage over large firms because small businesses
answer choices
are exempted from paying taxes in most countries.
can customize products to meet specific customer needs and wants.
have a better access to highly skilled workers.
can mass produce and supply goods in bulk.
have better access to funds and can invest on sophisticated equipment.
Answers
In the manufacturing sector, small businesses sometimes have an advantage over large firms because small businesses can customize products to meet specific customer needs and wants. Thus, option (b) is correct.
What is manufacturing?The term manufacturing refers to manufacture the product. The product was the converted into the raw material and the finished goods. The manufacturing is the process of the manufacture of the goods. The goods are the related to the sale in the market.
According to the manufacturing sector in the small business customize commodities to get together particular customer needs and wants as the benefit to the large firm. it was the unique in the client preferences basis.
As a result, the significance of the manufacturing are the aforementioned. Therefore, option (b) is correct.
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These investors earn returns from receiving dividends and from stock price appreciation.
A. bondholders
B. stockholders
C. investment bankers
D. managers
Answers
One who holds at least one share of a company's capital stock is referred to as a stockholder, shareholder, or stockholder. The majority of the owners of a company are its stockholders, who often benefit from its success in the form of rising stock prices.
The correct answer is option B. Stockholders.
One who owns stock in a corporation is referred to as a stockholder. Shareholders own a portion of that business. If you own stock in the newest, greatest, most stable new start-up business, your shares are undoubtedly very valuable. People who own shares in a corporation, or who hold stocks, are said to be stockholders.
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What account form needs to balance before you can move forward with the Accounting Cycle?
Answers
Answer:
Clyde's Well Servicing has the following financial statements. The balance sheet items, profit margin, and dividend payout have maintained the same ...
Explanation:
What is the term for a variety of activities designed to stimulate a trial or
purchase?
A. Sales promotion
B. Advertising
C. Public relations
D. Personal selling
Answers
Answer:
I think B.Advertising
Answer:
Sales Promotion
Explanation:
Just took the test.
Which career pathways require workers to train at special academies?
EMTs and Emergency Dispatchers
Crossing Guards and Lifeguards
Police Officers and Firefighters
Lawyers and Judges
Answers
Answer:
Police Officers and Firefighters
Answer:
the correct answer would be police officers and firefighters
Explanation:
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if marc signs an employment contract for one year but is fired without cause after two months and spends $500 in reasonable fees trying to find a comparable job, he may recover $500 in incidental damages.
Answers
If Marc signs an employment contract for one year but is fired without cause, he may recover incidental damages is: true, because incidental costs may be recovered even if the costs aren't paid directly.
According to the legal law system, Incidental damages are damages that are incurred as a result of the non breaching party's reasonable efforts to avoid losses. These are recoverable under UCC Article 2 damages law. If a party incurs incidental damages as a result of the breach, these damages are recoverable.
These damages are intended to compensate the non-breaching party for expenses incurred as a result of the breach. Examples of incidental damages include reasonable costs incurred in attempting to avoid damages or in performing in the contract or a reasonable measure of damages incurred as a result of the breach.
The incidental costs may be recovered even if the costs aren't paid directly by the non-breaching party. However, these must be commercially reasonable expenses.
Legal steps to be taken by Marc:1. File a case in small claims court.
2. Send a demand letter to his employer that he wants his incidental damages of $500.
3. Send a demand letter from an attorney if the employer is unresponsive.
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If you use your ATM card, you should write the transaction in your check register.
True or false
Answers
Answer:
true
Explanation:
Name three tasks a military police personnel stationed at a detention facility might be responsible for on any given day.
Answers
Eric started a company on May 1, 2019, he provided the company with $12,000 cash and two computers worth $2,000, what would be the
components of the journal entry? (choose all that are correct)
Credit Equity for $14,000
Credit Computer Equipment $2,000
Debit cash for $12,000
Credit Equity 510,000
Debit Cash for $12,000
Debit computer equipment for $2. 000
Answers
the components of the journal entry Credit Equity for $14,000 So correct answer is A
The correct components of the journal entry for Eric starting a company on May 1, 2019, with $12,000 cash and two computers worth $2,000 are:
- Debit Cash for $12,000
- Debit Computer Equipment for $2,000
- Credit Equity for $14,000
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If the MPC increases then the MPW will have to fall. True False
Answers
If the Marginal Propensity to Consume (MPC) increases then the MPW will have to fall. The statement is False.
If the Marginal Propensity to Consume (MPC) increases, it does not necessarily mean that the Marginal Propensity to Save (MPS) will have to fall.
The MPC and MPS are complementary, meaning that they must add up to one.
If the MPC increases, the MPS will naturally decrease to maintain the sum of one.
This is because an increase in the MPC implies that a larger portion of income is consumed, leaving a smaller portion to be saved (lower MPS).
Therefore, the MPC and MPS move in opposite directions, but it is not a direct cause-and-effect relationship.
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In a saturated market with stable consumer preferences the best intensive strategy would tend to be: market penetration. product development. market development product proliferation.
Answers
In a saturated market with stable consumer preferences, the best intensive strategy is likely to be market penetration. This strategy focuses on increasing market share by targeting existing customers and encouraging them to buy more of the current products or services.
In a saturated market where consumer preferences are stable, it becomes challenging to attract new customers or introduce entirely new products. Market penetration, as an intensive growth strategy, aims to maximize the potential within the existing market. It involves various tactics such as aggressive marketing campaigns, offering discounts or promotions, improving distribution channels, and enhancing customer loyalty programs.
By focusing on market penetration, a company can deepen its relationship with existing customers and encourage them to purchase more frequently or in larger quantities. This approach capitalizes on the familiarity and trust already established with the target market, making it easier to persuade customers to continue choosing their products or services over competitors.
Furthermore, market penetration can also help a company gain a larger market share by attracting customers from competitors. This can be achieved through strategies like competitive pricing, superior product quality, enhanced customer service, or additional features and benefits that provide a competitive edge.
Overall, market penetration is a recommended intensive strategy in a saturated market with stable consumer preferences. It allows companies to leverage their existing customer base, maximize sales within the current market, and potentially gain market share from competitors.
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the swanky hotel provides room service for its guests. the process for room service begins with a room service manager who takes orders by phone at an average of 2 minutes per order. the manager then sends the order to the kitchen, where it takes a cook an average of 16 minutes to prepare the food for each order. there are four cooks in the kitchen. if the customer orders a beverage, the room service manager sends the order to the bar at the same time the order is sent to the kitchen. it takes 3 minutes for a bartender to fill the order, and 80 percent of the orders require a beverage. when the kitchen and bar orders are both ready, a waiter takes them to the room and bills the guest. there are six waiters to provide the service, and each order takes 20 minutes for the waiter to complete. what is the capacity of the process, and what is the bottleneck? what is the throughput time of a typical order? assume that on friday evenings an average of 10 room-service orders per hour are placed. how many orders are in the system on average on friday nights? assume the following pay rates for the employees. waiters are paid $9 per hour (not including tips), cooks are paid $15 per hour, the bartender is paid $10 per hour, and the room service manager is paid $18 per hour. also, assume that 60 percent overhead is added to direct labor and that the cost of food and beverages averages $6 per order. what is the average cost of an order when operating at 10 orders per hour? what is the minimum cost per order that the system can achieve? what assumptions have you made in these calculations that may not be reasonable?
Answers
The process for room service at the Swanky Hotel involves several steps and multiple employees. The capacity of the process is determined by the bottleneck by determining the average cost.
In this case, the bottleneck is the cooking process, as it takes the longest time to complete an order. The throughput time of a typical order can be calculated by adding up the time taken at each step, which is 2 minutes for the room service manager, 16 minutes for the cook, and 20 minutes for the waiter, totaling 38 minutes. Assuming an average of 10 room service orders per hour on Friday evenings, the number of orders in the system on average would be 10 orders x 38 minutes/60 minutes = 6.33 orders.
The average cost of an order can be calculated by adding up the costs of direct labor, overhead, and food and beverage costs. At 10 orders per hour, the direct labor cost would be $198 (6 waiters x $9 per hour x 1.6 to include overhead), the cook cost would be $40 (4 cooks x $15 per hour x 1.6), the bartender cost would be $6 (1 bartender x $10 per hour x 1.6), and the room service manager cost would be $6.40 (20 minutes/60 minutes x $18 per hour x 1.6), totaling $250.40. Adding the food and beverage cost of $6 per order brings the average cost of an order to $25.04.
The minimum cost per order that the system can achieve is determined by identifying and eliminating any non-value-added activities or inefficiencies in the process. Assumptions made in these calculations include the steady demand for room service, the accuracy of the time estimates for each step in the process, and the assumption that all employees are working at their maximum efficiency.
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which of these individuals is an example of a top manager? multiple choice question. roberto is the sales manager for three midwest states. bryan is the shift supervisor at a retail clothing store. aisha is the ceo of a furniture manufacturing facility. kelli oversees the marketing department for a restaurant chain.
Answers
The CEO of a company that produces furniture is Aisha. As a result, choice (C) is the best way to respond.
What is a top manager?The term "Top Manager" refers to a Measured Entity employee who has ownership rights, sits on the Board, manages the day-to-day operations, is in charge of the overall financial management, and actively participates in creating and putting into practice the Measured Entity's overall strategy.
A person who works at the executive level and is known as a top-level manager is in charge of developing and carrying out organizational strategies and policies. They serve as the middleman in negotiations between upper- and lower-level managers.
Hence, option (C) is accurate.
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Which financial advice should Sami follow to get a car loan with a lower interest rate?
A. Make a larger down payment.
B. Get a variable rate loan.
C. Make a smaller down payment.
D. Buy a more expensive car.
Answers
Answer:
A
Explanation: Although a larger down payment won't guarantee a lower interest rate it might lessen the amount of months, he makes those payments and/or the monthly payment itself. To get a low interest rate he should have a good credit rating and shop around for financing just like he did for the car.
A car manufacturer is offering the choice of a 0.2% loan compounded monthly for 72 months or $1800 cash back on the purchase of a $20,500 new car. Completo parts (a) through (c) below.
(a) If a car buyer takes the 0.2% loan offer, how much will the monthly payment bo?
The car buyer's monthly payment will be $
(Do not round until the final answer. Then round to the nearest cont as needed.)
Answers
Answer:
$286.5
Explanation:
Given the following:
Principal (P) = $20,500
Period(n) = 72 months
Rate(r) = 0.2% = 0.002/12 = 0.000166666666
Monthly payment (M) =?
M = P [ r / (1 - (1 + r)^-n) ]
M = 20500[(0.000166666666) / (1 - (1+0.000166666666)^-72)
M=20500[(0.000166666666) / 1 - (1.000166666666^-72)
M= 20500[(0.000166666666) / 0.01192729912821
M = $20500 [ 0.01397354624952]
M = $286.457698115328
M = $286.5
Banks that are not members of the Federal Reserve system are subject to
federal regulations.
A. True
B. False
Answers
Answer:
A.True
Explanation:
Hope this help ^^
as consumer demand for new cars increases, tire makers and steel and aluminum suppliers may experience an increase in demand for their products, which is an example of:
Answers
The increase in demand for tire makers, steel and aluminium suppliers is an example of derived demand.
Derived demand is the demand for a good or service as a result of an increase in the demand for another good or service. Labour and raw materials usually have a derived demand.
As the demand for new cars increase, car makers would want to produce more cars in order to meet the increased demand. This would lead to an increase in the raw materials and labour that is needed to make more cars. On the other hand, if there is a decrease in the demand for new cars, there would also be a decrease in the demand for the raw materials and labour that is needed to make more cars.
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There are three clues labeled "daily double" on the game show Jeopardy. If three equally matched contenders play, what is the probability that: a. A single contestant finds all three "daily doubles"? b. The returning champion gets all three of the "daily doubles"? c. Each of the players selects precisely one of the "daily doubles"?
Answers
Answer:
a) 0.0358
b) 0.0395
c) 0.1506
Explanation:
Number of clues "daily doubles" = 3
Determine the probabilities
a) P(single contestant finds all three )
assuming event A= a returning champion gets the "daily double" in first trial
P(A) = 1/30 , P(~A) = 29/30
assuming event B = any player picks up "daily double" after the first move
P(B |~A ) = 1/3
hence : P ( B and ~A ) = 29/30 * 1/3 = 29/90
considering second round
P(player chooses both daily doubles ) = 1/3 * 1/3 = 1/9
∴ P(single contestant finds all three ) = 29/90 * 1/9 = 0.0358
B) P ( returning champion gets all three )
= (1/30 + 29/90 )* 1/9
= 32 / 810 = 0.0395
c) P ( each player selects only one )
P = 32/405 + 29/405
= 61 / 405 = 0.1506
Which of the following is TRUE about a lease agreement?
1- A lease is an agreement between you and your roommates that you submit to the
apartment owner.
2- You never have to pay any fees when you sign a lease. If you do, that means it is a
scam.
3- A lease often has information about your prior housing experience; it's a record that
the apartment owner can use to see if you are a good candidate
4- A lease is an agreement that includes details about rent, apartment policies, vacating,
etc.
Answers
Answer:
ok 2
Explanation:
An agreement is a legally enforceable agreement that creates and controls the obligations and duties of the parties involved. When an agreement fulfills the legal requirements, it is legally enforceable. A contract generally implies the trading, skills, currency, or a guarantee to transfer any of these.
The true statement about the lease agreement is 2- You never have to pay any fees when you sign a lease. If you do, that means it is a scam.
A lease agreement is a legal document that spells out the parameters on which a tenancy rents a home or business from an owner.
Lease agreements are considered as the lawful documents that spell out the tenant's and homeowner's duties and rights. Even if you're renting a room in a house to any of your friends or family members, you'll need a rental obligation to safeguard yourself ethically if you have issues with your occupants.
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Internet service providers are an example of organizations that provide both products and services. true or false
Answers
The statement that internet service providers are capable of providing products and services is false.
Internet service providers cannot be an example of organizations that can provide both goods and services. This is because, internet service providing organizations fall under the category of organizations that are especially known for only being able to provide services. Some other organizations that produce services alone, also include commercial banks and consulting firms. Therefore, the statement cannot be true.Thus, from the above reasons it is clear that internet service providers can only provide services.
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What are the six basic step of the problem solving process? HURRY I NEED THIS QUICK
WILL GIVE BRAINLIEST
Answers
Answer:
1) identify your problem: Try to describe the problem as much as possible, as opposed to focusing on the potential consequences or implications of the problem.
2) Pin point the problem
3) so that means you should do research based on the problem ^
4)Try evaluating the problem.. perhaps looking at it in perspective ^
5)see how the problem could affect you or others
6) Then work out a plan to solve the problem
Answer:
1) Identify the root problem
2) Identify the factors and causes
3) Generate alternative solutions
4) Decide on the best solution
5) Implement solution
6) Evaluate the results
Explanation:
which sector require joint or collaborative works in our communities
Answers
Answer:
Collaborative working can last for a fixed length of time or can form a permanent arrangement. What these options have in common is that they involve some sort of exchange, for mutual advantage, that ultimately benefits end users.
Types of collaborative working
Separate organisations maintain their independence, but work jointly on some activities or functions
Organisations with resources or expertise offer assistance to other organisations, eg a large national organisation working with a small local group
A new organisation to do joint work on some activities or functions
A group structure where a 'parent' organisation governs a group of 'subsidiary' organisations
Merger to form a new organisation working as one body on all activities
Explanation:
Drag each option to the correct location.
Match the scenarios to the factors that affect the labor market.
foreign direct investment
outsourcing
immigration
Answers
Each scenario should be matched to the factors that affect the labor market as follows:
Immigration: Carlos is moving from Mexico to the United States because he got a job in a bank. He had his interview last month, and the bank agreed to hire him because he was willing to work for 10% less than most American workers, even though he has the same qualifications.Foreign direct investment: A US supermarket chain is going to open a few supermarkets in Europe because a recent survey showed that the chain has a huge potential for profits in Europe.Outsourcing: A renowned US information technology firm has recently signed a contract with a company based in the Philippines. The Filipino company will handle the accounts of the US firm. The US firm made this decision to reduce labor costs.What is immigration?Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:
Good governanceSecurityBetter living conditions.WorkJobsSocial amenitiesWhat is a foreign direct investment?A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.
In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.
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Answer:
Post Test: Free Market and Businesses
Unit: 2
Economics
Question #12
__________________________________________________________
This is 100% right because I took the test
Go to explanation for picture with answers
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Explanation:
Here's the picture and I hope this helped!
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Firms A and B plan to collude in an economy for their similar products, which includes the grim strategy for punishment. They plan to set the price of their product at $8. The marginal cost of Firm A is $5 and Firm B is $4.50. If firm A is impatient to earn more profits and Firm B wishes to last in the business for the long-run, which of the following situations would likely occur? A. Firm B reduces the price to $7 causing Firm A to exit the market. B. Firm B reduces the price to $7 causing Firm A to reduce its price to $7. C. Firm A reduces the price to $7 causing Firm B to reduce its price to $4.50. D. Firm A reduces the price to $7 causing Firm B to exit the market.
Answers
Answer: C. Firm A reduces the price to $7 causing Firm B to reduce its price to $4.50.
Explanation:
Since firm A is impatient to earn more profits and Firm B wishes to last in the business for the long-run, then Firm A will reduce the price to $7 causing Firm B to reduce its price to $4.50.
Since Firm A reduces the price to $7, this will lead to an increase in the quantity demanded of the product and therefore the firm can earn more profit. On the other hand, firm B will reduce its price to a point where the price meets the marginal cost which is $4.50.
Give an overview of the Key Performance Indicators (KPI) that your organisation uses in evaluating the performance of its suppliers
Answers
These Key Performance Indicators (KPIs) may vary based on the industry, organizational goals, and specific supplier relationships. Some commonly used KPIs in supplier performance evaluation are on-time delivery, quality performance, and financial stability.
On-time Delivery: This KPI measures the supplier's ability to deliver goods or services according to the agreed-upon schedule.
Quality Performance: This KPI evaluates the quality of the products or services provided by the supplier.
Financial Stability: This KPI assesses the financial health and stability of the supplier.
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Which statement about the Federal Reserve (the Fed) is true?
O Unless a person works there, the Fed has little impact on everyday life.
O The Fed determines the criteria banks must use to evaluate loan requests.
O The Fed sets monetary policy, which affects the interest rates banks offer.
O Because it is independent, the Fed reviews and approves the national budget.
Answers
A statement that is true on the Federal Reserve is that C. The Fed sets monetary policy, which affects the interest rates banks offer.
What does the Federal Reserve do ?The American central bank is known as the Federal Reserve System (FRS). It is conceivably the most potent financial organization in the entire globe and is sometimes referred to as "the Fed." It was established to give the nation a secure, adaptable, and stable financial and monetary system.
Its primary duties include controlling the money supply, establishing interest rates, and overseeing the financial system. In times of economic crisis, it also serves as a lender of last resort, as was shown during the financial crisis of 2008.
These powers of the Federal Reserve mean that it is the one which sets the monetary policy of the United States. This monetary policy will then affect the interest rates on loans, offered by banks.
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