Khan products company uses a job order cost system. for a number of months, there has been an ongoing rift between the sales department and the production department concerning a special-order product, tc-1. tc-1 is a seasonal product that is manufactured in batches of 1,000 units. tc-1 is sold at cost plus a markup of 40% of cost. the sales department is unhappy because fluctuating unit production costs significantly affect selling prices. sales personnel complain that this has caused excessive customer complaints and the loss of considerable orders for tc-1. the production department maintains that each job order must be fully costed on the basis of the costs incurred during the period in which the goods are produced. production personnel maintain that the only real solution to the problem is for the sales department to increase sales in the slack periods. andrea parley, president of the company, asks you as the company accountant to collect quarterly data for the past year on tc-1. from the cost accounting system, you accumulate the following production quantity and cost data. quarter 1 2 3 4 direct materials 96000 336000 72000 336000 direct labor 36000 126000 27000 126000 manufacturing overhead 100000 141860 87000 126000 total 232000 603860 186000 588000 production in batches 4 14 3 14 unit cost (per batch) 58000 43133 62000 42000 c) restate the quarterly data by applying overhead as a set rate per batch
Answers
Restating the quarterly data by applying overhead as a set rate per batch is given in the attached picture.
Variable overhead refers to the shifting manufacturing expenses associated with running a firm.
Variable overhead expenses change in proportion to manufacturing output.
Variable overhead is distinct from typical overhead expenditures related with administrative chores and other set budgetary requirements.
\(Variable Manufacturing Overhead Per Batch = \frac{Change In Manufacturing Overhead}{Change In Number Of Batches}\)
= \(\frac{(Manufacturing Overhead Quarter 2 - Manufacturing Overhead Quarter 1)/}{(Batches Quarter 2 - Batches Quarter 1)}\)
= ($153,000 - $105,000)/(11 - 5)
= $48,000/6 batches
= $ 8,000 per batch
Fixed Manufacturing overhead = $153,000 - (11 batches*$8,000)
= $153,000-$88,000
= $65,000
Hence, the restatement of quarterly data is as shown in the attached picture.
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Related Questions
Bloomsjay resorts inc. has multiple tropical resorts in various locations. in a crowded market that caters to all kinds of consumers, this resort caters mainly to lgbtq clients with a guranteed hassle-free holiday experience at a premimum price. what strategy is bloomsjay using to gain competitive advantage
Answers
Bloomsjay Resorts Inc. is using a niche marketing strategy to gain a competitive advantage in the crowded resort market.
How is the company positioning itself in this scenario?By catering mainly to LGBTQ clients and providing a guaranteed hassle-free holiday experience at a premium price, the company is positioning itself as a specialized and high-end option for this particular group of consumers.
This approach allows the company to differentiate itself from its competitors and attract a specific target market that is willing to pay more for the specialized services and inclusive atmosphere offered by the resort. The strategy also allows the company to have a loyal customer base, and a pricing strategy that can be more premium than its competitors.
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Patterson brothers recently reported an EBITDA of $7. 5 million and a net income of $2. 1 million. It had $2. 0 million of interest expense and its corporate tax rate was 30%. What was its charge for depreciation and amorization?
Answers
The charge for depreciation and amortization is $1.9 million. if the corporate tax rate was 30% for $2. 0 million of interest expense.
The given data is as follows:
EBITDA report = $7. 5 million
Net income = $2. 1 million.
corporate tax rate = 30%.
interest expense = $2 million
EBITDA allows investors to consider organizational profit after costs in light of options made about financing, tax planning, and discretionary devaluation programs.
The charge for depreciation and amortization is calculated by subtracting EBITDA from Less Interest expense and the product of the corporate tax rate. Mathematically,
The charge for depreciation = ( EBITDA - interest expense ) x corporate tax rate
The charge for depreciation = ( $7. 5 million - 2 million ) x 30%
The charge for depreciation = $1.9 million.
Therefore we can conclude that the charge for depreciation and amortization is $1.9 million.
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In Citation when you use the exact words from a source, you are ______________________.
Answers
Answer:
Quoting
Explanation:
or something along those lines
An investment by the stockholders in a business increases a. assets and stockholders' equity. b. assets and liabilities. c. liabilities and stockholders' equity. d. assets o
Answers
Option A is correct. Cash, an asset account, will grow as a result of a stockholder investment. Also, it will boost stockholder equity. Total assets must equal total liabilities and stockholders' equity on the balance sheet.
More stock investments or increased net income both improve stockholders' equity. It gets smaller as a result of dividend payments or net losses. Retained profits rises as revenue accounts are closed out into it and falls when expense accounts and cash dividends are closed out into it.
The amount that a company's owners have invested in their enterprise is known as shareholders' equity. This covers the funds they have directly invested as well as the total amount of earnings the business has generated and reinvested since its beginning.
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plz help if ur good at taxes
Answers
Answer:
pay: 73,300
income tax: 73,300*0.37 = 27,121
EI: 73,300*0.0173=1,268.09
CPP: 2,590
Yearly Pay will be 73,300-27,121-1,268.09-2,590 = $42,320.91
Weekly pay (paycheck) = 42320.91/52 = $ 813.86
Explanation:
You are engaging in ________ when you plan for what happens to your accumulated wealth and your dependents after you die, as well as determining decision-making authority should you be physically or mentally impaired. A) estate planning B) retirement planning C) unified planning D) death establishment E) None of the above is correct.
Answers
When you plan for what happens to your accumulated wealth and your dependents after you die, as well as determining decision-making authority should you be physically or mentally impaired, you are engaging in estate planning.
What is estate planning?
Estate planning is the act of preparing for the management and distribution of a person's assets after their death. This is a legal process that may include the creation of a will or trust, the appointment of an executor or trustee, and the designation of beneficiaries for assets like life insurance or retirement accounts.
The aim of estate planning is to ensure that a person's wishes are carried out after their death and that their assets are distributed to their intended recipients in the most tax-efficient manner possible.
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Can someone PLEASE PLEASE HELP ME WITH THIS!!!!!
Answers
Answer:
1. Consumer.
2. Producer.
3. Transportation.
4. Marketing.
5. Harvesting.
6. Processing.
7. Retail/food service.
Explanation:
Food supply continuum can be defined as a cycle of how livestock (animal products) moves from the producer to the consumers. The main goal of the food supply continuum is to safely provide quality animal products to the consumers.
Basically, the seven (7) steps or segments in the food supply continuum include the following;
1. The segment which is responsible for safe handling of the animal product (beef, pork, lamb) in their homes is the consumer.
2. The producer is responsible for raising a healthy animal.
3. The segment which carries the animal from the farm to the market is transportation.
4. The segment which sells the animal to the packer is marketing.
5. The segment which harvests the animal is harvesting. It involves the slaughtering of the animal.
6. The segment which processes the carcasses into retail cuts is processing.
7. The segment which involves a negotiator is the retail/food service.
consider a foreign exchange aud market. discuss the likely impact of the following event with diagrams !
a rise in petrol prices lesds to inflation in Australia
RBA increases interest rate by 0.25%
Answers
A rise in petrol prices leading to inflation in Australia and an increase in the interest rate by the Reserve Bank of Australia (RBA) can have significant impacts on the foreign exchange AUD market. Let's discuss the likely effects of these events with diagrams:
Rise in Petrol Prices leading to Inflation: When petrol prices rise, it increases the cost of production and transportation, This results in inflationary pressures. In response to rising inflation, RBA Increases Interest Rate: When the RBA increases the interest rate, it makes borrowing more expensive, This tightening of monetary policy aims to curb inflation and control economic growth. Now, let's look at the likely impact of these events on the foreign exchange AUD market: Rise in Petrol Prices leading to Inflation: The rise in petrol prices and resulting inflation can affect the exchange rate of the Australian dollar (AUD) against other currencies. Higher inflation erodes the purchasing power of a currency, which can lead to a depreciation in the exchange rate.
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of the alternatives available, __________ typically have the highest standard deviation of returns.
A.commercial paper
B.corporate bonds
C.stocks
D.treasury bills.
Answers
Of the alternatives available, stocks typically have the highest standard deviation of returns due to their volatility and sensitivity to market conditions. The correct option is C.
Of the alternatives available, stocks typically have the highest standard deviation of returns. The standard deviation is a statistical measure that indicates the degree of variability of returns around the mean or average. A higher standard deviation means that the returns of an asset or portfolio have a wider distribution and are more volatile, while a lower standard deviation means that the returns are more stable and predictable.
Stocks are considered to be riskier than other asset classes such as bonds or treasury bills because they are subject to a range of factors that can affect their value, including economic conditions, geopolitical events, company performance, and investor sentiment. As a result, the returns of stocks can fluctuate widely and rapidly, leading to higher standard deviations.
In contrast, bonds and treasury bills are generally considered to be less risky because they provide fixed income and are typically less affected by changes in market conditions. Corporate bonds may have a slightly higher standard deviation than government bonds due to their higher credit risk, but they are still considered to be less risky than stocks.
Commercial paper, which is a short-term debt instrument issued by corporations, may have a higher standard deviation than treasury bills or government bonds due to its lower credit quality and shorter maturity, but it is still considered to be less risky than stocks.
Therefore, of the alternatives available, stocks typically have the highest standard deviation of returns. Therefore the correct answer is option C.
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45% of americans have less than 1000 saved for a
Answers
Answer: Emergency Fund
Explanation: According to recent data from GO Banking Rates, 69% of Americans have savings, worth less than $1,000. That indicates that they are certainly very far away from having a fully funded emergency fund and that they are taking a very huge financial risk. Even worse, 45% of Americans claim to have no savings. That’s true. Not even a single dollar was saved up in a bank account.
How many years would it take for money to increase to 3 times the initial amount at an interest rate of 18% per year?
Answers
Answer:
7 years (to the nearest year)
Explanation:
Given that;
A = amount
P= principal
t = time
r = rate
A =3P(given in the question)
Formula for compound interest;
A = P(1 + r)^t
Substituting values;
3P = P(1 + 18/100)^t
3P/P= (1.18)^t
3 = (1.18)^t
log 3 = t log 1.18
t = log 3/log 1.18
t = 0.4771/0.0719
t = 6.6 years
t = 7 years (to the nearest year)
Which investment has the least amount of default risk?
A)
junk bonds
B)
common stocks
c)
corporate bonds
D)
US Treasury bonds
Answers
Answer:
D....U.S. Treasury Bonds!
what would wages look like if there was no minimum wage?
Answers
Answer:
if changed now they'd probably stay the same
Explanation:
people aren't going to buy anything if they don't have enough money to even feed themselves so if wages were lowered, especially minimum wage, that would be pretty bad lol
An employer can refuse to hire you if you refuse a drug screening test or background check.
Answers
Answer:yes
Explanation:
Answer:
true
Explanation:
When will the new Stranger Things season come out?
Answers
Possibly somewhere in early 2021. According to netflix.
Answer:
Around March 2021
Explanation:
answer the flowing questions (2 points) 11. is the process of getting activities completed efficiently and effectively with and through other people. A. Leading B. Management C. Supervising D. Control
Answers
Management is the process of getting activities completed efficiently and effectively with and through other people. Hence, the correct option is B.
Management is an art of planning, organizing, directing, and controlling various resources (human, financial, and material) to accomplish the predefined goals of an organization. Management helps to achieve the desired result by efficiently and effectively using the available resources. It involves the coordination of human, financial, and material resources to achieve the desired goals of an organization. The management process includes five functions that are interrelated and interdependent in nature.
These functions are:
Planning: It involves defining the goals of an organization and determining the course of action to achieve them. It is a crucial activity as it lays the foundation for all other functions. It helps to identify future opportunities and threats.Organizing: It involves the allocation of resources to carry out the planned activities. It includes designing jobs, grouping activities, and establishing authority relationships. The objective is to bring together all the resources in a coordinated manner to achieve the desired goals.Directing: It involves the process of guiding, leading, and motivating employees to perform their tasks effectively. It includes activities like issuing orders, instructions, providing feedback, etc. The objective is to ensure that employees work towards achieving the common goal of an organization.Controlling: It involves monitoring the performance of employees to ensure that the work is being carried out according to the plan. It includes taking corrective actions to bring the actual performance in line with the desired performance. It ensures that the goals of an organization are achieved in a timely manner.Coordinating: It involves the integration of different activities to achieve the desired results. It is essential to ensure that all the activities are carried out in a coordinated manner and towards the common goal of an organization.Management is a dynamic process, and managers must adapt to changing circumstances. They must identify the opportunities and challenges and take corrective action. They must continuously review and monitor the performance to ensure that the goals are achieved efficiently and effectively.
Thus, management is an essential activity in any organization to ensure that it functions effectively.
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Which of the following statements characterizes the Second Bank of the United States in the 1830s?
a. Its cautious monetary policy pleased bankers, creditors, and East Coast entrepreneurs, who funded economic development.
b. Most Americans welcomed the Second Bank's policy of forcing unsound western banks to close.
c. Eastern entrepreneurs and bankers opposed the Second Bank because it strove to limit their plans for national economic development.
d. Jackson's opponents in Congress knew he opposed the Second Bank and attempted to stall a vote on its charter until he left office.
Answers
The statement that characterizes the Second Bank of the United States in the 1830s is (c) Eastern entrepreneurs and bankers opposed the Second Bank because it strove to limit their plans for national economic development.
The Second Bank of the United States was established in 1816 with a charter from Congress to regulate the nation's money supply and provide stability to the banking system. However, the Bank soon became embroiled in a bitter political struggle over its role in the economy. Many eastern entrepreneurs and bankers supported the Bank, seeing it as a way to promote economic development and protect their investments. However, opponents, led by President Andrew Jackson, saw the Bank as a tool of the wealthy elite that served their interests at the expense of ordinary Americans.
Jackson vetoed a bill to renew the Bank's charter in 1832, and the Bank became a central issue in the 1832 presidential election. Jackson won a decisive victory and immediately began working to undermine the Bank's power. In 1833, he removed the government's deposits from the Bank and placed them in state-chartered banks, which weakened the Bank's ability to control the money supply. The Bank's charter expired in 1836, and it was not re-chartered.
The correct answer is (c) Eastern entrepreneurs and bankers opposed the Second Bank because it strove to limit their plans for national economic development.
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Answer the following questions. For getting full mark - try not to copy paste from the notes.
1. What is the difference between interstate and intrastate commerce? [2 marks]
2. What are the ways that the government can deal with a monopoly? [2 marks]
3. What kinds of property are protected by copyrights? [2 marks]
MATH SKILLS
Frank and his wife Mara have separate investment accounts. Frank’s account has $7,680 invested in stocks and $2,560 in bonds. Mara’s total investment in stocks and bonds is $4,000 split in the same proportion as her husband’s. Write and solve a proportion to calculate how much Mara has invested in bonds. [4 marks]
Proportions
A proportion is an equation with equivalent ratios on each side. When one of the four numbers in a proportion is unknown, the proportion may be solved by using cross products to find the unknown number. Question marks or letters are frequently used in place of the unknown number.
Answer Hint:
Mara has $1,000 invested in bonds. To find the unknown value that represents the value of Mara’s bond investment, you need to know the proportion of Frank’s bond investment. Set up this equation:
Frank’s Total ÷ Frank’s Bonds = Mara’s Total ÷ Mara’s Bonds
$10,240 ÷ $2,560 = $4,000 ÷ ?
4 = $4,000 ÷ ?
$1,000 = ?
Answers
Answer:
1. You are engaging in Interstate commerce by transporting goods across state lines. Intrastate trucking means that you drive your commercial motor vehicle only within a state's boundaries and that you do not fit any of the other descriptions of interstate commerce.
2. The government can regulate monopolies through: Price capping – limiting price increases. Regulation of mergers. Breaking up monopolies.
3. Copyright, a form of intellectual property law, protects original works of authorship including literary, dramatic, musical, and artistic works, such as poetry, novels, movies, songs, computer software, and architecture.
(NOT GOOD AT MATHS LOL)
Please help!!!
Drag each label to the correct location on the image.
Match the descriptions to the possibility of being addressed by a Trial Balance.
can detect the accuracy
of the accounting process
can help prepare the
income statement
can help check whether the
debit side is equal to the
credit side
can help check whether a
particular transaction has
been completely omitted
helps serve as a proof of
the application of the
double-entry system
Answers
According to given Image the all the scenario are possible of being addressed by a Trial Balance
Give explanations for how a Trial Balance might be addressed
Can determine whether the accounting procedure is accurate: PossibleMay aid in the income statement's preparation: PossibleMay assist in determining whether the debit and credit sides are equal: PossibleCan assist in determining whether a specific transaction has been entirely missed: PossibleAids in providing evidence of the double-entry system's use: PossibleWhat is trial balance?
A Trial Balance is a financial statement that lists all the general ledger accounts and their balances at a specific point in time.
It serves as a tool to ensure that the total debits equal the total credits in the accounting system and helps to detect errors and discrepancies in the accounting records.
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if demand is not uniform and constant, the stockout risks can be controlled by __________.
Answers
If demand is not uniform and constant, the stockout risks can be controlled by integrating an inventory management system.
A stockout happens when customer demand for a product surpass the amount of inventory held on hand. This occurs when demand exceeds expectations and there is not enough regular inventory or safety stock to fulfill all orders. A stockout can also result from production process halts or delays in the supply chain.
An inventory management system aids in ensuring that the appropriate quantity of inventory is available at the appropriate time to satisfy demand. This can include predicting demand, monitoring inventory levels, using reorder points to prompt restocking, forecasting demand, adjusting production schedules, ordering more inventory as necessary, and using inventory optimization techniques like just-in-time (JIT) or economic order quantity (EOQ) to reduce excess inventory and minimize stockout risks. Businesses can reduce the costs of stockouts, overstocking, and retaining too much inventory while managing the risks associated with unpredictable demand by employing an inventory management system.
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In an obligation to deliver a determinate thing, what degree of diligence shall be exercised by the obligator or debtor in the preservation of the determinate thing?
a. Extraordinary diligence unless the law or the stipulation of the parties requires another standard of care.
b. Diligence of a father of a good family unless the law or the stipulation of the parties requires another standard of care.
c. Diligence of a good father of family or ordinary diligence or diligence of a reasonably prudent person unless the law or the stipulation of the parties requires another standard of care.
d. No diligence unless the law or the stipulation of the parties requires another standard of care.
Answers
Delivering all of an item's attachments and accessories, even if they weren't specifically named, is part of the obligation to offer a specific product. a lively subject degree of diligence shall be exercised by the obligator or debtor in the preservation
How does diligence in a contract apply?When someone harms another through an act or omission, there is fault or negligence, and this is the basis for an obligation. If the contract or law does not specify the level of care that must be taken to fulfill the obligation.
Which duty must be met once someone passes away?A periodical obligation is one that is demandable upon the passing of a person. True The requirement not to undertake an impossibility shall be deemed to have been not agreed upon.
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PLS HELP PLS
1. How has the job market changed?
2. Will computers/technology affect jobs? How? Or why not?
3. What does the future hold for your generation?
Answers
1. Employees in low-wage jobs saw the biggest decline in employment. Employment among low-wage employees decreased by 11.7 percent from February 2020 to February 2021, from 28.1 million to 24.8 million. This contrasts to a 5.4 percent drop in employment for middle-wage employees, who lost 5.5 million jobs during the same time.
2. Looking at the workforce as a whole, one of the more contentious issues surrounding the effects of computers on employment is that is creates and destroys jobs at different ends of the economy. Computers tend to create high-paying, high-skill technical jobs and destroy low-paying, low-skill jobs.
3. More than 2.5 million Alphas are born every week and by 2025 there will be almost two billion of them. Born to digital technology like it's a fifth element of nature, Alphas will be the wealthiest, the most intensely educated and most dynamic generation that human society has yet seen.
QUESTION 6 of 10: You had five designers work 45, 40, 36, 42 and 37 hours respectively. What is the average number of hours they worked?
a) 39
b) 40
c) 41
d) 42
Answers
Answer:
B) 40
Explanation:
use the mean formula,
sum of data / number of data
have seen ystuckey on brainly
Answers
???????????????????????????????????????
Helena is only a couple months into running her nail salon business and she
has just paid all of her expense for the month. She made $5,000 for the
month of June and her expenses totaled about the same. Which term best
describes this occurrence?
A. Return on investment
B. Break-even point
C. Survival pricing
D. Markup plan
Answers
Answer:
B. Break-even point
Explanation:
APEX
The given situation can be best described as the Break-even point. Hence, Option B is correct.
What does Break-even point mean?
In economics, business, and particularly cost accounting, the break-even point is the point at which total cost and total income are equal, or "even."
Although opportunity costs have been paid and capital has received the risk-adjusted, projected return, there is no net loss or gain, and one has "broken even."
The break-even threshold is reached when overall costs and total revenues are equal, leaving small firm with no net benefit or loss. In other words, when an individual achieved the point in production where the revenue from a product equals the cost of manufacture.
Therefore, Option B is correct as the expenses and income both are same in the month of June.
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Michelle needs to view and delete macros in a document. Which steps should she follow to perform this action?
Answers
Under the Developer tab, click the Macros button in the Code group, select the macro to delete, and press Delete.
What is the Macros button?
An alternative to keystrokes is the macro key. A key sequence is a set of keyboard, mouse, or menu operations connected to a command. Moreover, a program can be easily launched by pressing the macro key.
Michelle should follow these steps -
Open the document where the macros are located.
Click on the Developer tab.
In the Code group, click the Macros button.
A dialog box will appear, displaying the list of macros in the document.
Select the macro that needs to be deleted.
Press the Delete button.
It's worth noting that the other options are not correct steps. Pressing Alt+F8 will bring up the Macro dialog box, but it won't allow to delete macros. Pressing Alt+F11 will open the Visual Basic Editor, but it won't allow to delete macros either.
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Multiple choice!
How is it determined how much social security money a person gets?
Group of answer choices
Sales tax collected over past ten years
Average monthly wage when working
Number of children and grandchildren that an individual supports
Cost of living in the person's community
Answers
Answer:
I believe it’s the average monthly wage when working
Explanation:
a service provided by -e-government that requires access to the Internet is _____.
A. RFID tags
B. E-tax returns
C. Radio programming
D. CCTV (Closed circuit TV)
Answers
Answer:
B. E-tax returns
Explanation:
E-tax returns is the electronic filing of tax returns via the internet. It entails online submission of pre-approved tax return forms available on the tax authority's website.
In recent years, governments have put measures to facilitate e-returns. It has simplified the process making it popular among taxpayers. Electronic tax filing has have contributed to having a high number of citizens registering as taxpayers.
Please help--
Spending that is based on the purchase decisions you make that can vary from month to month is a ___
Answers
why it is important to prepare a bank reconciliation statement at the end of each month
Answers
Explanation:
The purpose of preparing a Bank Reconciliation Statement is to detect any discrepancies between the accounting records of the entity and the bank besides those due to normal timing differences. Such discrepancies might exist due to an error on the part of the company or the bank.