The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2017, the first month of operation. Production: 6,480 units finished and transferred out; 3,000 units started that are 100% complete as to materials and 20% complete as to conversion costs. Manufacturing costs: Materials $30,052; labor $20,600; overhead $36,536. Prepare a production cost report
Answers
The production cost report shows that the Quik Furniture Company incurred $86,856 in manufacturing costs during March 2017.
The production cost report is a document that summarizes the production and manufacturing costs for a specified period. In this case, the report is for the Sanding Department of Quik Furniture Company for the month of March 2017. The report starts by calculating the units produced during the period, including units started and completed, as well as units that are in progress but not yet completed.
The equivalent units of production are then calculated based on the percentage of completion for materials and conversion costs. The report then moves on to calculate the total manufacturing costs for the period, including materials, labor, and overhead. The cost per equivalent unit is calculated by dividing the total cost by the equivalent units of production.
Finally, the report assigns costs to the units produced during the period, including units that were transferred out and units that are still in progress. The cost assigned to units transferred out is calculated by multiplying the number of units by the cost per equivalent unit. The cost assigned to ending work in process is calculated by multiplying the equivalent units of production by the cost per equivalent unit for materials and conversion costs separately.
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Related Questions
conscious marketing encompasses all of the following overriding principles except
Answers
Conscious marketing is a marketing philosophy that emphasizes promoting and delivering value to customers while considering the impact of business practices on society and the environment.
It encompasses various principles such as authenticity, transparency, customer-centricity, social responsibility, and sustainability. However, there is no definitive list of overriding principles of conscious marketing, and different sources may define it differently.That being said, based on common definitions of conscious marketing, it is possible to identify some key principles that it generally includes. These may include putting the customer first, being transparent and truthful in marketing communication, providing value while respecting ethical and environmental standards, engaging in socially responsible practices, and promoting sustainability.Therefore, the answer to the question is not straightforward, as it is unclear which principles the question is referring to. However, it is safe to say that conscious marketing generally includes the principles mentioned above and may not include those that conflict with these values, such as deceptive or manipulative marketing practices.
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Upload your project on monetary policy below.
Answers
Answer:
The answer is search for a actual iq engineering four your actual response so you can abort the situacion in a more brainy momentum.
Explanation:
Harry's Home Services has current liabilities of $450,000, current assets of $500,000, and profits of $80,000. Which of the following is the current ratio for Harry's business?
a. 0.17
b. 0.9
c. 1.11
d. 16
Answers
The current ratio for Harry's Home Services can be calculated by dividing current assets by current liabilities. Given that Harry's has current liabilities of $450,000 and current assets of $500,000, the current ratio is 1.11.
The current ratio is a financial metric that measures a company's ability to meet its short-term obligations using its current assets. It is calculated by dividing current assets by current liabilities. In this case, Harry's Home Services has current liabilities of $450,000 and current assets of $500,000.
Current Ratio = Current Assets / Current Liabilities
Current Ratio = $500,000 / $450,000
Current Ratio = 1.11
Therefore, the current ratio for Harry's Home Services is 1.11. This means that the company has $1.11 in current assets for every $1 of current liabilities. A current ratio greater than 1 indicates that the company has sufficient current assets to cover its short-term obligations, which is generally considered favorable.
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The long-run aggregate supply curve is represented by a vertical line at the solow growth rate because?
Answers
The long-run aggregate supply curve is represented by a vertical line at the Solow rate of growth because there is an underlying assumption of long-run money neutrality.
The long-run aggregate supply (LRAS) curve shows the connection between the price level and the real GDP provided all the prices were flexible. Solow growth refers to the economic process of the country in the long-run in which total saving is used for capital growth.
The LRAS curve may be a vertical line at the Solow growth because it is assuming a full-employment outcome. Vertical line on a graph implies that price index and GDP are not related anymore at the Solow growth. That's the real GDP at this potential output refers to the economy's maximum sustainable capacity. within the long-run, the important GDP is not related to the price level. it's only affected by the quantity of country's resources and production.
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how long does algorithm take to run how muh memory space does it require?
Answers
Answer:
The running time of an algorithm for a specific input depends on the number of operations executed. The greater the number of operations, the longer the running time of an algorithm.Space complexity is the total amount of memory space used by an algorithm/program including the space of input values for execution. So to find space-complexity, it is enough to calculate the space occupied by the variables used in an algorithm/program.
Explanation:
what can i do if my total in cash account is not the same in credit and debit side?
Answers
Answer:
Consider which items are meant for debit and credit.
Explanation:
The principle of double entry States that for every debit entries, there must be a corresponding credit entries and vice versa. This principle follow suits when preparing ledger accounts and trial balance.
Trial balance is the arithmetrical accuracy of the ledger. Once double entry principle is adhered to, the trial balance must definitely balance.
Where there are differences, check that items which ought to be debited and credited are correctly done. Also check if correct amount is posted like avoiding transposition error.
If you are at a university and someone asks "what's your MAJOR?" this is what they
want to know:
a) the secondary courses you are taking in college just for fun
b) the academic discipline to which you have formally committed so you can earn
an undergraduate degree
c) which credit cards you have maxed out to afford tuition, housing, food and books
d) which political party you will agree to join and promote on your campus
Answers
Answer:
the answer is B
Explanation:
Any media story about an economy (US or other country). That talks about macroeconomic events (inflation, growth, recession, etc.).
1. Identify the demand and/or production cost change implied by the story.
2. Explain the implications of the shock(s) for Real GDP growth, inflation, and interest rat
Answers
One example of a media story about the US economy is the recent report on rising inflation in the country. Inflation refers to the rate at which the general price level of goods and services in an economy increases over time. According to the report, inflation rose to 5.4% in June 2021, the highest level since 2008. The cause of the rise in inflation is a combination of factors, including supply chain disruptions, shortages of labor and materials, and increased demand as the economy reopens following the pandemic lockdowns.
1. Identify the demand and/or production cost change implied by the story:
The story implies that there is an increase in demand for goods and services due to the reopening of the economy. At the same time, there are supply chain disruptions, labor shortages, and material shortages, which have increased production costs for businesses.
2. Explain the implications of the shock(s) for Real GDP growth, inflation, and interest rates:
The rise in inflation is likely to lead to an increase in interest rates as the Federal Reserve may take steps to control inflation by raising the federal funds rate. The increase in interest rates could lead to a slowdown in Real GDP growth as borrowing becomes more expensive for businesses and consumers. The increase in production costs could also lead to a decrease in Real GDP growth as businesses may choose to reduce output to avoid further cost increases. Additionally, the rise in inflation could lead to a decrease in the purchasing power of consumers, which could further slow down economic growth.
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if the discount rate is the same for both plans, at which discount rate will the two plans be indifferent?
Answers
To determine the discount rate at which the two plans would be indifferent, we need to calculate the present value of the cash flows for each plan.
What would happen then?We would then compare the two present values to see at which discount rate they are equal. Essentially, the discount rate at which the net present value (NPV) of both plans is equal would be the rate at which the two plans are indifferent.
If the discount rate is too low, Plan A would have a higher NPV, and if the discount rate is too high, Plan B would have a higher NPV.
Therefore, we need to find the rate at which both plans have the same NPV to determine the discount rate at which they are indifferent.
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which inventory model would you use for the following situation? poutine paradise food truck is ordering compostable plateware to serve with its poutine dishes. the plateware is sourced from a vendor across the country with a significant lead time. due to the limited storage capabilities for this small company, the holding cost is significant. poutine paradise just opened this week so demand rate is relatively unknown, although they have calculated demand estimates. the vendor charges a fixed cost to place orders
Answers
Based on the situation, the inventory model used is economic order quantity.
What are the inventory model and economic order quantity?
The inventory model is a practice of maintaining enough assets and inventory to keep the business running smoothly. There are 3 most popular inventory models, they are economic order quantity (EOQ), inventory production quantity, and ABC analysis.
Economic order quantity or EOQ is a calculation company performs that allows them to meet demand without overspending because it represents their ideal order size. EOQ is calculated by the inventory managers to minimize holding costs and excess inventory. There are some benefits of EOQ, they are improved order fulfillment, less overordering less waste, and lower storage costs.
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The reduction in the workforce that normally occurs when employees leave a company is called?
Answers
The reduction in the workforce that normally occurs when employees leave a company is commonly referred to as "employee attrition" or "staff attrition." Attrition can happen due to various reasons such as voluntary resignations, retirements, or the expiration of temporary contracts. It is a natural process that occurs in organizations over time as employees move on to other opportunities or reach the end of their employment tenure.
Employee attrition refers to the natural reduction in the size of a company's workforce that occurs when employees leave the organization. This can happen for several reasons, including employees voluntarily resigning to pursue other opportunities, retiring after reaching the age of retirement, or the completion of temporary or fixed-term contracts.
Attrition is a common aspect of workforce management and is expected in most organizations. It creates vacancies within the company that need to be filled either through internal promotions or by hiring new employees. Attrition can be influenced by factors such as job dissatisfaction, career advancement opportunities, compensation and benefits, workplace culture, and the personal circumstances of employees.
While some level of attrition is normal and even healthy for an organization as it allows for the infusion of new talent and fresh perspectives, excessive or unplanned attrition can be a concern. High attrition rates can impact productivity, morale, and organizational stability, as well as increase recruitment and training costs.
Therefore, companies often track and analyze attrition rates to identify trends, understand the underlying reasons for employee departures, and implement strategies to mitigate excessive attrition. This may involve measures such as enhancing employee engagement, improving retention programs, providing growth and development opportunities, and addressing any systemic issues that may contribute to attrition.
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A certified financial advisor, who works for an accredited nonprofit specializing in
helping consumers repay debt in a responsible manner through education,
budgeting, and other tools
Answers
Answer:
credit counselor
Explanation:
A credit counselor is a certified professional whose work entails guiding clients to repay off their debts. A credit counselor is an expert in money management, personal budgeting, and debt control. He or she helps a client develop a debt repayment plan and may negotiate lower interest rates with creditors.
A credit counselor works in a non-profit making organization that offers credit counseling services. They offer advice on finance and money management and educates clients on their preparing personal budget
For each lease below identify whether the short-term lease recognition exemption would be available. Fill in the columns by dragging and dropping the options from below, and then select Submit.
Answers
Here is the analysis of whether the short-term lease recognition exemption would be available for each lease:
How to explain the leaseLease 1: Lease term: 11 months
Option to purchase: No
The short-term lease recognition exemption would be available for this lease because the lease term is 12 months or less and there is no option to purchase the underlying asset.
Lease 2:Lease term: 10 months
Option to purchase: Yes, but the lessee is not reasonably certain to exercise the option.
The short-term lease recognition exemption would be available for this lease because the lease term is 12 months or less and the lessee is not reasonably certain to exercise the option to purchase the underlying asset.
Lease 3: Lease term: 11 months
Option to purchase: Yes, and the lessee is reasonably certain to exercise the option.
The short-term lease recognition exemption would not be available for this lease because the lease term is 12 months or less, but the lessee is reasonably certain to exercise the option to purchase the underlying asset.
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the sequence of suppliers that contribute to creating and delivering a product, from raw materials to production to final buyers, is known as the
Answers
The sequence of suppliers that contribute to creating and delivering a product, from raw materials to production to final buyers, is known as the Supply Chain.
The manufacture and distribution of a good or service are carried out through a network of businesses and individuals known as a supply chain. Product creation, marketing, operations, distribution, financing, and customer support are some of a supply chain's key responsibilities. A supply chain is made up of all the steps used to provide a finished good or service to the client.
Manufacturers, suppliers, storage facilities, transportation companies, distribution centers, and retailers create the supply chain. Locating raw materials, bringing them to the manufacturing site, and then moving the finished items to a storage or retail outlet where they may be delivered to the client are all possible steps in the process.
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Sam is getting his bachelor's degree. During some of his course work, he honed his research skills and learned to
exhibit confidence while presenting to an audience. Which career has Sam most likely been preparing for?
Answers
The correct answer is Journalism
Explanation:
Journalism is one of the careers that most require the use of communicative and research skills. This is because journalists are expected to gather information about important local, national and global events, which requires the use of research skills, and later they are expected to communicate the information precisely, concisely, and confidently, which requires the use of communicative skills. In this context, the career Sam is preparing for is journalism because this is the only one from the options that would require Sam to research and then communicate information confidently.
Answer:
D. Journalism
Explanation:
How is international employment different from foreign employment? Give your argument with examples.
Answers
Answer:
Foreign employment is working for a company that is based in another country and you usually only work in one country. International employment is working in multiple countries and often your own home country is one of them
with that information, what do you expect the 3-year interest rate to be if you require a liquidity premium of 0.15% for each year beyond year one?
Answers
The 3-year interest rate can be expected to be 0.15% higher than the 1-year interest rate.
This is because the liquidity premium is 0.15% for each year beyond year one, and there are two years beyond year one in a 3-year investment.
About liquidity premiumThe liquidity premium is the additional interest rate charged when an investor wants access to their money within a short period of time. When an investor requires a liquidity premium, they are essentially paying a premium to have access to their funds if they need it.
The liquidity premium is determined by the risk associated with the investment and the time frame of the investment. The reason why the 3-year rate is 0.15% higher than the 1-year rate is because the investor has to pay the liquidity premium for two additional years beyond year one.
This means that the investor is taking on additional risk with the 3-year investment, which the investor is being compensated for with the additional 0.15% interest rate.
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A d d m e o n d i s c o r d
Katelyn#6394
Answers
Answer:
ok and thanks for the points
thanks:)
Answer:
ok
Explanation:
FREEEEEEE POINTS
Identify two objectives that the managers might set for BPM, apart from profits and returns to shareholders
Answers
Type in a sentence using the word Financial planning wrong
Answers
Which is the highest need of a human as perceived by Maslow’s hierarchy of needs?
A. belongingness
B. self-actualization
C. safety
D. basic needs
Answers
According to Maslow's hierarchy of needs, the highest need of a human is self-actualization.
Self-actualization is the need to reach one's full potential and to become the best version of oneself. It is the need to be creative, to understand oneself, and to understand the world around us. It is the need for self-fulfillment and self-expression.
Self-actualization is the highest level of Maslow's hierarchy of needs because it is only when all the lower-level needs, such as basic needs, safety, belongingness, and esteem, have been met that an individual can truly focus on self-actualization. Without these lower-level needs being met, an individual will not have the resources or emotional stability to focus on self-actualization.
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changes in income levels of macro environment
Answers
The macro-environment, as opposed to specific marketplaces, refers to the overall state of an economy.
GDP, fiscal policy, monetary policy, inflation, employment rates, and consumer spending all have an impact on the macroenvironment. Business decisions about items like spending, borrowing, and investing are impacted by the macroeconomic environment.
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Answer: The macro-environment, as opposed to specific marketplaces, refers to the overall state of an economy.
For questions #1 - #4: Visit the PeachState Credit Union Website
https://www.peachstatefcu.org/ (Links to an external site.) Click on Accounts --> Checking
What is the name of the account for young adults?
Group of answer choices
eXtreme Checking
CU60 Checking
Basic Checking
Fresh Start Checking
Premium Checking
Answers
Answer:
I'm pretty sure that the answer is basic checking I'm not sure but you could try it if nobody else has an answer for you :)
Which type of chart or graph shows data with distinct x and y values?
O a bar graph
O a scatter plot
O a line chart
O a pie chart
Answers
Answer:
A. a bar graph is the answer
Make a Claim
Dana needs to use the information from her 1098-T form to determine if
she qualifies for a tax credit. If information is missing on her 1098-T form,
leave the matching input field blank.
Input amounts from the 1098-T form into matching tax preparation software fields.
Answers
Answer:
1545-1574 for the empty boxes
Explanation:
Answer: Leave box number 4 blank
Explanation: The directions say to leave certain boxes blank if the answer isnt in the form
A firm buys on terms of 3/15 net 45. (use a 365-day year ) ?
1 .what is the periodic non-free credit?
a) 3.09%
b)13.09%
c)28.85%
d) 37.60%
e)44.81%
2. what is the annual percentage rate (APR) ?
a) 3.09%
b)13.09%
c)28.85%
d) 37.60%
e)44.81%
3. what is the effective annual rate (EAR)?
a) 3.09%
b)13.09%
c)28.85%
d) 37.60%
e)44.81%
Answers
N = 1.plugging in the values, we get ear = (1 + 37.
1. the periodic non-free credit is 28.85%.
the terms "3/15 net 45" mean that the firm receives a 3% discount if the payment is made within 15 days. otherwise, the full payment is due within 45 days.
To calculate the periodic non-free credit, we subtract the discount percentage (3%) from 100% and divide it by the number of days between the discount period and the full payment period (45-15 = 30 days). this gives us (100% - 3%) / 30 = 0.0285 or 28.85%.
2. the annual percentage rate (apr) is 37.60%.
the apr is calculated by multiplying the periodic non-free credit (28.85%) by the number of credit periods in a year. in this case, there are 365 / 30 = 12.17 credit periods in a year. so, the apr is 28.85% * 12.17 = 37.60%.
3. the effective annual rate (ear) is 44.81%.
the ear takes into account the compounding effect of the apr. it is calculated using the formula: ear = (1 + apr/n)ⁿ - 1, where n is the number of compounding periods per year. since the question doesn't specify the compounding frequency, we assume it to be annual. 60%/1)¹ - 1 = 44.81%.
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Rigley pharmaceuticals is a small pharmaceutical manufacturer in the united states. The firm is looking to expand its line of vaccines to namibia, a country in southwest africa. The namibian economy is picking up and the country is looking for vaccines, but navigating the market from abroad is challenging. Rigley’s senior leadership is also wary of taking on 100% of the risk in expanding its product line to a foreign country and would prefer the assistance of a namibian firm. Given these circumstances, what would be the best method for rigley to expand to namibia? explain the reasoning behind your decision with relevant examples of the benefits of the chosen method.
Answers
Given the circumstances, the best method for Rigley to expand to Namibia is:
The use of Licencing.What is Licencing?This refers to a business arrangement where one business venture enters a formal agreement with another company to make use of its license in a temporary time frame to manufacture.
With this in mind, we can see that Rigley pharmaceuticals would have to make use of Licencing to expand its business in Namibia and also reduce risk of total loss.
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from 1960 to 1970, the consumer price index (CPI) increased from 29.6 to 38.8 if a dozen tangerines cost 0.31 in 1960 and the price of tangerines increase at the same rate as the CPI from 1960 to 1970, approximately how much did a dozen tangerines cost in 1970
Answers
Answer: $0.41
Explanation:
A consumer price index measures the average price changes of goods that are bought by people in an economy. It shows the level of inflation in an economy.
To calculate the cost of a dozen tangerines in 1970we have to know the percentage increase in price index from 1960 to 1970 and this will be:
= [(38.8 – 29.6) / 29.6] × 100%
= (9.2 / 29.6) × 100%
= 31.08%
Let's represent the price of a dozen tangerines in 1970 by X and solve. This will be:
31.08 = (X - 0.31) × 100 / 0.31
Cross multiply
(31.08 × 0.31) = 100X - 31
9.6348 = 100X - 31
100X = 9.6348 + 31
100X = 40.6348
X = 40.6348 / 100
X = 0.46348
X = 0.41
Therefore, the cost of a dozen tangerines in 1970 is $0.41
3
Roscoe is helping his cousin redesign her family room. They work together to select a white leather couch, two white brocade chairs, and a large
white rug. They pick out some white throw pillows with different textures--some are knitted, and others are linen. Which BEST describes the
color scheme that Roscoe is creating?
A.
monochromatic
B.
complementary
OC.
primary
D.
analogous
Kk
Answers
Answer: Monochromatic
Explanation: Mono = 1, Chromatic = color: Everything is white.
ldentify the law that protects the consumer from having to pay a credit charge that is in a legitimate dispute.
a. Fair Credit Reporting Act
b. Preservation of Consumer's Claims
C. Fair Debt Collection Practices
d. Truth in Lending
Answers
Answer:
Well its called Fair Credit Billing Act but A is close enough so I guess A.
Also A is The Fair Credit Reporting Act (FCRA) is a federal law that regulates the collection of consumers' credit information and access to their credit reports.
Also the Truth-in-Lending Disclosure Statement provides information about the costs of your credit. Your Truth-in-Lending form includes information about the cost of your mortgage loan, including your annual percentage rate. So it could be that one too..