Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 35,000 barrels of oil for purchase in June for $90 per barrel. Direct labor budgeted in the chemical process was $240,000 for June. Factory overhead was budgeted $400,000 during June. The inventories on June 1 were estimated to be: Oil $15,2 P1 8,3 P2 8,6 Work in process 12,9 Oil $16,1 P1 9,4 P2 7,9 Work in process 13,5
Answers
Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. For the month of June, Delaware budgeted to purchase 35,000 barrels of oil for $90 per barrel, which amounts to a total budgeted cost of $3,150,000. The direct labor budget for the chemical process was $240,000, and the factory overhead budget was $400,000 for the month of June.
In addition, Delaware estimated the following inventory levels on June 1: Oil - $15.2, P1 - $8.3, P2 - $8.6, and Work in Process - $12.9. On June 30, the estimated inventory levels were Oil - $16.1, P1 - $9.4, P2 - $7.9, and Work in Process - $13.5.
Based on these budgeted and estimated figures, Delaware can evaluate its performance for the month of June. For example, it can compare actual oil usage and cost to the budgeted amounts, and analyze the reasons for any variances. Similarly, it can analyze actual direct labor and factory overhead costs, and compare them to the budgeted amounts. The inventory levels can also be analyzed to determine whether they are optimal and whether there are any issues with production efficiency.
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Related Questions
On March 1, 2021, Stratford Lighting issued 10% bonds, dated March 1, with a face amount of $690,000. The bonds sold for $678,000 and mature on February 28, 2041 (20 years). Interest is paid semiannually on August 31 and February 28. Stratford uses the straight-line method and its fiscal year ends December 31.
1. Prepare the journal entry to record the issuance of the bonds by Stratford Lighting on March 1, 2021
2. Prepare the journal entry to record interest on August 31, 2021
3. Prepare the journal entry to accrue interest on December 31, 2021.
4. Prepare the journal entry to record interest on February 28, 2022
Answers
Answer:
1. March 1, 2021
Dr Cash $678,000
Dr Discount on bonds payable $12,000
Cr Bonds payable $690,000
2. August 31, 2021
Dr Bond interest expense $34,800
Cr Discount on bonds payable $ 300
Cr Cash $34,500
3. December 31, 2021
Dr Bond interest expense $23,200
Cr Discount on bonds payable $200
Cr Bond interest payable $23,000
4. February 28, 2022
Dr Bond interest payable $23,000
Dr Bond interest expense $11,600
Cr Discount on bonds payable $100
Cr Cash $34,500
Explanation:
1. Preparation of the journal entry to record the issuance of the bonds by Stratford Lighting on March 1, 2021
Dr Cash $678,000
Dr Discount on bonds payable $12,000
($690,000-$678,000)
Cr Bonds payable $690,000
(Being to record issuance of the bonds is recorded)
2. Preparation of the journal entry to record interest on August 31, 2021
Dr Bond interest expense $34,800
Cr Discount on bonds payable $ 300 ($12,000/20*6/12 )
Cr Cash $34,500
($690,000 × 10% × 6/12)
(Being to record interest )
3. Preparation of the journal entry to accrue interest on December 31, 2021.
Dr Bond interest expense $23,200
($23,000+$200)
Cr Discount on bonds payable $200
($12,000/20 × 4 /12)
Cr Bond interest payable $23,000
($690,000* 10%× 4/12)
(Being to record accrue interest is recorded)
4. Preparation of the journal entry to record interest on February 28, 2022
Dr Bond interest payable $23,000
($690,000* 10%× 4/12)
Dr Bond interest expense $11,600
[($34,500+$100)-$23,000]
Cr Discount on bonds payable $100
($12,000/20*2/12)
Cr Cash $34,500
($690,000 × 10% × 6/12)
(Being to record interest is recorded)
what else might a company include in its benefits package to appeal to young, healthy employees? true or false
Answers
A company might include additional benefits such as flexible work hours, remote work options, paid time off for volunteering, wellness programs, gym memberships, on-site healthy food options, and student loan repayment assistance to appeal to young, healthy employees. The statement is True.
A corporation can add various components to its benefits package in addition to the ones already stated to entice young, healthy workers. Offering comprehensive health insurance alternatives, such as medical, dental, and vision plans, can be a big appeal for young workers who place a high priority on their health and well-being.
Companies can also Include mental health benefits like counselling services, therapy sessions, or employee assistance programs that can show a dedication to promoting workers' general well-being. Young employees can better manage their financial objectives and obligations by getting supplied with financial planning substances, access to financial consultants, or instructional programs on budgeting, investing, and debt management.
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Carmita works at a factory in Dhaka, Bangladesh, where she sews blue jeans for a major American firm. On Mondays, she sews the side seams of the jeans, on Tuesdays she sews on pockets, Wednesdays she presses finished jeans, Thursdays she folds jeans, packages sets of twelve in shrink wrap and places them in boxes, and on Friday she sews decorative stitching on the pockets and side seams. Carmita is working under the job design technique of Group of answer choices job rotation. job enrichment. job specialization. job enlargement.
Answers
Answer:
job rotation
Explanation:
Job rotation is a strategy in which the employees rotate between the jobs at the similar type of business. Here the employees would take the new task at a different job before rotating to their original position. In this, the employee should have the vast knowledge & skills in every different task they have been performed
Since Carmita works differently on each day so here she is using job rotation technique
comparing early triassic and late jurassic paleogeography, shows that have moved much farther north than arabia during this interval.
Answers
Comparing Early Triassic and Late Jurassic paleogeography, shows that North and South China have moved much farther north than Arabia during this interval.
What is paleogeography?The study of historical geography, primarily physical landscapes, is known as paleogeography. The study of human or cultural contexts can be a part of paleogeography. Paleogeomorphology is occasionally used alternatively when the emphasis is solely on landforms.
The study of ancient geography, primarily physical landscapes, is known as palaeogeography. The study of human or cultural contexts can be a part of paleogeography. Paleogeomorphology is occasionally used alternatively when the emphasis is solely on landforms.
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complete question;
Comparing Early Triassic and Late Jurassic paleogeography, shows that __________ have moved much farther north than Arabia during this interval.
An extremely rainy spring and summer may impact growing crops. This is an example of what type of risk
Answers
Answer:
Environmental risk
Explanation:
In simple words, The environmental risk of farming refers to the affect that various agricultural activities have on the environments in which they operate, as well as how those impacts can be linked to those practices. Agriculture's ecological influence varies greatly depending on the activities used by growers as well as the size at which they operate.
Legal and political practices such as quotas, tariffs, and business practice laws fall under the larger category of _____.
Answers
There are lots of government practices. Legal and political practices such as quotas, tariffs, and business practice laws fall under the larger category of protectionism.
What is protectionism?Protectionism is known to be a type of policy that is often applied in protecting domestic industries against any kind of foreign competition through the use of tariffs, subsidies, import quotas, etc.
A common example of protectionism is simply the Common Agricultural Policy (CAP) of the European Union. The European Union is said to often imposes an amount of tariff rates on a lot of agricultural markets.
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What is the difference between the pre-reservation and installment
Answers
Answer:
is that reservation is the act of reserving, withholding or keeping back while installment is the act of installing; installation or installment can be a portion of a debt, or sum of money, which is divided into portions that are made payable at different times payment by installment is payment by parts at different
According to the video, what are some hazards Stationary Engineers may face? Check all that apply. noise hazardous materials dangerous enclosures temperature extremes burns electric shock angry customers moving parts
Answers
Answer:
noise
hazardous material
burns
electric shock
moving parts
Explanation:
Answer:
noise
hazardous material
burns
electric shock
moving parts
Explanation:
did it
In the space below, explain how you can access the character map in Word 2016 using a complete sentence.
Answers
Answer:
Following are the solution to this question:
Explanation:
This method through clicking the "Start" key and select mostly on Software sub-menus, but instead clicking mostly on Accessories submenus of its Programs menu, and afterward the System Tools character sub-menu, select the "System Tools;" then click on the "Tools" key of the "Tools" table to display the actor application.
In Windows 10 you also can access that Character Map by pressing, that Windows icon, then click mostly on Character Chart to view, that Character Map button.
Answer:
Click Start, point to Settings, click Control Panel, and then click Add/Remove Programs. Click the Windows Setup tab. Click System Tools (click the words, not the check box), and then click Details. Click to select the Character Map check box, click OK, and then click OK.
Explanation:
support Microsoft
Students usually attend a vocational school for _____ years or less.
A.1 B.2 C.3 D.4
Answers
Answer:
2
Explanation:
Answer:
four
Explanation:
if u think bout it its four years and makes more sence and mroe realistic
What does indigenous technology mean?
Answers
Answer: I hope this is helpful mark brainlist if right then no if wrong
Explanation:
Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.Technologies employed by the native inhabitants of a country and which constitute an important part of its cultural heritage and should therefore be protected against exploitation by industrialized countries; the problem of indigenous knowledge has been discussed during the Rio Conference but it does not receive much ...Types of indigenous technology in India are; (i) Generic Drugs. (ii) Thorium based Nuclear Reactors. (iii) Plastic RoadsIndigenous Technology is created within a sensory environment that builds on our sense of relationship, meaning, balance, feeling, memory and place as well as sight, sound, smell, taste and touchIndigenization is the process by which Indigenous ways of knowing, being, doing and relating are incorporated into educational, organizational, cultural and social structures of the institution.One example of Indigenous Technologies in action today can be witnessed in differential approaches to medicine. Medical technologies in the Western Scientific sense of the term might conjure images of biomedical research labs, electromagnetic monitors or imaging systems such as CT or MRI scans.Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.
listings entered into by abc brokerage's associated licensees are the property of: abc brokerage as licensed by mrec. the licensee who signs the listing agreement. the supervising broker of the abc brokerage branch office where the licensee operates. the firm's principal broker.
Answers
The property of the listings entered into by ABC Brokerage's associated licensees belongs to the firm's principal broker.
The principal broker is responsible for overseeing the operations of the brokerage and has the authority and ownership of the listings. This ownership is established through the licensing agreement with MREC (Mississippi Real Estate Commission) and is further reinforced by the licensee who signs the listing agreement. Additionally, the supervising broker of the specific ABC Brokerage branch office where the licensee operates may also have some involvement and responsibility regarding the listings, but ultimate ownership lies with the firm's principal broker.
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What is your long term career goal?
Answers
What does Beshara say is important about the book
Answers
Answer:
what book there'S A LOT
RESEND IT THX
3 business questions
Answers
1. Reference
2. Skills
3. Hobbies and interests
4. Education and Qualification
5. Employment history
Can you be wise and intelligent at the same time .
Answers
Answer:
yes :)
Explanation:
wisdom comes from experience intelligence doesn't
Answer:
yes of course .................
HELPPPP ASAP GIVING BRAINLESS IF THE ANSWERS ARE CORRECT.
Use these words to answer the questions:
raw material, social, decision making, economic, labour, unemployment, personalized
Answers
LO.5, 9 Diane owns a principal residence in Georgia, a townhouse in San Francisco, and a yacht in Cape Cod. All of the properties have mortgages on which Diane pays interest. What are the limitations on Diane's mortgage interest deduction? What strategy should Diane consider to maximize her mortgage interest deduction?
Answers
The limitations on Diane's mortgage interest deduction depend on the specifics of each property and mortgage. Here are the general rules:
1. Principal Residence: Diane can deduct mortgage interest on up to $750,000 of acquisition debt used to buy, build, or improve her principal residence. She can also deduct interest on up to $100,000 of home equity debt. The total mortgage debt limit for the two types of debt is $750,000.
2. Townhouse: If Diane uses the townhouse as a second home (i.e., she does not rent it out), she can deduct mortgage interest on up to $750,000 of acquisition debt. However, if she rents out the townhouse, the interest deduction is limited to the amount of rental income she earns from the property.
3. Yacht: If the yacht is considered a second home (i.e., it has sleeping quarters, a kitchen, and a toilet), Diane can deduct mortgage interest on up to $750,000 of acquisition debt. However, if the yacht is not considered a second home (e.g., it is used purely for recreation), she cannot deduct the mortgage interest.
To maximize her mortgage interest deduction, Diane could consider several strategies:
1. Pay off the mortgage on her principal residence: If Diane pays off the mortgage on her principal residence, she will no longer be able to deduct the mortgage interest. However, she may be able to claim the standard deduction instead, which for tax year 2021 is $12,550 for single filers and $25,100 for married filing jointly.
2. Convert the townhouse to a rental property: If Diane converts the townhouse to a rental property, she may be able to deduct all of the mortgage interest as a rental expense, subject to the limitations on rental expenses.
3. Convert the yacht to a second home: If the yacht does not currently qualify as a second home, Diane could consider making modifications (e.g., adding sleeping quarters, a kitchen, and a toilet) to make it eligible for the mortgage interest deduction. However, she should be aware that there may be other tax implications of making the yacht a second home, such as property taxes and state registration fees.
4. Consider refinancing: If Diane is able to refinance her mortgages at a lower interest rate, she may be able to reduce her overall interest expense and increase her deductible interest. However, she should be aware of any fees or costs associated with refinancing, and should carefully consider whether it makes sense financially.
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Where scaffolds are utilized they shall
be provided with _ for the entire
length, and shall have
to
prevent slipping.
Answers
Answer:
im not aure
Explanation:
im not aure
the question I have is on the sheet
Answers
Answer:
I think it's first one tooo
Click on the link below(I will add it below) to access a video on Entrepreneur Mark Zuckerberg. As you watch the video, fill in the notes below that I have added. (to be brainiest you must complete the summary as well) complete a 4-5 sentence summary on the impact Zuckerberg has had on American business.
Entrepreneur Name: Mark Zuckerberg
4 Businesses/Companies (Over the span of their Lifetime):
4 Child-hood Experiences:
Personality Traits
2 Strengths and 2 Weakness
4 Challenging set-backs:
The person that had the most influence on them.
Who:
In 5 sentences answer the following prompt: What is their enduring contribution to American Business?
Answers
Answer:
This is what shows
Explanation:
By the monetary unit assumption, how would an accountant view the promotion of good morale in business?
A. as something useful
B. as something important
C. as something useless
D. as something necessary
Answers
By the monetary unit assumption, an accountant would view the promotion of good morale in business as something useless. Thus, option 'C' is the correct option.
What is a monetary unit assumption?According to the monetary unit assumption, the dollar's stability should allow for the addition of dollars from various years without the need for any adjustments. The monetary unit assumption is invalidated when the dollar's value changes significantly over time. The fact that U.S. accountants record a corporation's assets as dollar quantities is another aspect of the monetary unit assumption (rather than reporting details of all of the assets).
An asset cannot be recorded in a general ledger account if it cannot be valued in dollars. A particularly successful company's management staff, for instance, can be its most important resource. The accountant, however, is unable to accurately translate those gifted individuals into US dollars.
Therefore, option 'C' is the correct option.
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By the monetary unit assumption an accountant view the promotion of good morale in business as something useless. Option (c) is correct.
What do you mean by Promotion?The term "promotion" covers a wide range of activities designed to increase public awareness or advance a product. Promotion in the context of a career means raising a worker's position or rank within a hierarchical structure.
Companies must only include transaction data that can be stated in terms of money in their accounting records because of the monetary unit assumption. The economic entity assumption mandates that each economic entity's operations be maintained distinct from those of its owner(s) and other economic entities.
Therefore, Option (c) is correct. By the monetary unit assumption an accountant view the promotion of good morale in business as something useless.
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Gidgits Galore has been busy during this lesson continuing its expansion plans throughout the United States. After all, everyone must have a gidgit, the "must-have" gadget! Gidgits Galore has opened up stores in ten new states, hired hundreds of new employees, built two additional factories, and started an advertising campaign that has caught the US by storm! Its expansion has been featured in news magazines across the country. But Gidgits Galore has encountered a few problems and needs some advice.
Should Gidgits Galore entice much sought-after employees with generous benefits?
no
yes
Answers
Answer:
Yes
Explanation:
Edge 2021
Answer:
YES edge 2023
Explanation:
What aspect of starting a company does sales NOT play a role in?
Building a team
Pitching investors
O Press and publicity
Selling your product
O None of the above; sales plays a role in all areas
Answers
Answer:
A-building a team?
Explanation:
just a guess, because the rest besides none of the above makes sense, A and E are the ones making me feel like one of the other is the right answer
Option A. Building a team.
What role does sales play in your company?Sales play an important role in building loyalty and trust between customers and the company. Trust and loyalty are the main reasons customers recommend your business to friends and family and write great reviews of your products and services online.
Sales increase business value. It's no secret that a business can't grow without sales. In fact, if a company's total sales do not generate more revenue than the cost of its expenses, then the company is more likely to fail.
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The type and quantity of each type of direct material needed to complete a unit of product is listed on the ______.
Answers
People often demand for goods. The type and quantity of each type of direct material needed to complete a unit of product is listed on the A bill of materials.
What does a A bill of materials contains?A bill of materials is known to contains;
The quantity of each direct material that is required to complete a unit of product.The type of each direct material that is required to complete a unit of product.Direct materials costs are known to be recorded on the job cost sheet when the materials are issued to the specific job.
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McGlone Corporation had a 1/1/17 balance in the Allowance for Doubtful Accounts of $40,000. During 2017, it wrote off $28,000 of accounts and collected $8,400 on accounts previously written off. The balance in Accounts Receivable was $800,000 at 1/1 and $960,000 at 12/31. At 12/31/17, McGlone estimates that 5% of accounts receivable will prove to be uncollectible. What should McGlone report as its Allowance for Doubtful Accounts at 12/31/17
Answers
Answer:
$48,000
Explanation:
The computation of the amount that should be reported as its allowance for doubtful accounts is shown below
= Ending balance of account receivable × uncollectible percentage
= $960,000 × 0.05
= $48,000
hence, the amount that should be reported as its allowance for doubtful accounts is $48,000
The above formula should be applied
i am so coufued "what i am going to in future, i am very good in art and math and cooking and pe?
Answers
Answer:
you can be a artist or chef
Answer:
You can start up an art themed restaurant.
Explanation:
You are very talented, you could even enter cooking shows to practice and improve on ur cooking skills.
Very many people have are paintings in their homes, selling your art could earn you plenty of income.
PLEASE MARK BRAINLIEST :))what should be the first step to feed potential problems into problem solving session
Answers
The first step to feed potential problems into a problem-solving session is to gather relevant data and information about the problems.
Before diving into a problem-solving session, it is crucial to have a clear understanding of the potential problems at hand. This requires gathering relevant data and information related to the issues. This step involves conducting research, analyzing available data, and gathering input from stakeholders who are directly or indirectly affected by the problems.
By gathering data and information, you can identify and define the problems more accurately. It helps in gaining insights into the root causes, understanding the impact on various aspects, and recognizing any patterns or trends associated with the problems. This step provides a solid foundation for effective problem-solving by ensuring that the session is focused and addresses the actual issues.
The first step in feeding potential problems into a problem-solving session is gathering relevant data and information. This step enables a comprehensive understanding of the problems, facilitating more effective problem-solving strategies and solutions.
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Rising interest rates have made borrowing more costly to consumers. As a result
of the most recent increase in interest rates, borrowing and consumption have
fallen throughout the economy, triggering a contractionary period. Growing
uneasy, citizens have been asking Congress to make an official statement as to
how long this contractionary period is expected to last. Which of the following is
an appropriate response?
Answers
Answer:
it depends on the measures taken to ensure that economy is stable.
Answer:
1. it is difficult to say since contractionary periods have varying lengths in different business cycles.
2. shock
3. high unemployment
4. two
5. expansion stage of the business cycle
Explanation:
just took it
Janessa wants to pay off her credit card balances within 12 months. She is trying to decide if she should use her $1,000 in savings to pay off part of the balances or if she should transfer the balances to a new card with a low introductory rate. The new credit card has an introductory rate of 6. 5% but charges a balance transfer fee of $50 for each balance transfer. Janessa decides to pay of Credit Card B and $420 of Credit Card A, then transfer the remaining balance of Credit Card A to the new card. Which of the following options shows the amount of Janessa's new monthly payment? Credit Card A: $957 Credit Card B: $580 a. $54. 97 b. $50. 66 c. $18. 12 d. $46. 34.
Answers
Explanation:
The answer is B$50.66 that's what I got