Answer:
B) identify the required skills.
Explanation:
After the scope of a project has been clearly defined with the goal well understood, in assembling a project team there is a need to first identify the required skills for the project.
This is key and has to be done before talking to potential team members, negotiating with the functional supervisor and notifying top management.
Answer:
$2069
Explanation:
Given
Applied overhead costs of Goods sold = $59,300
Applied overhead cost of finished goods = $38,000
Overhead Balance = $97,300
Overhead Cost = $92,000
Overapplied Overhead = Overhead Balance - Overhead Cost
Overapplied Overhead = $97,300 - $92,000
Overapplied Overhead = $5,300
Allocated Amount = (Applied Overhead * Finished Goods /(Overapplied Overhead)
Allocated Amount = ($5,300 * $38,000) ($59,300 + $38,000)
Allocated Amount = ($5,300 * 38,000) (97,300)
Allocated Amount = $2069
Answer:
The over applied overhead which is allocated to finished goods inventory is $ 1,488.54
Explanation:
Determination of over or under applied overhead
Applied Manufacturing overhead $ 97,300
Actual factory overhead incurred $ 92,000
Overapplied manufacturing overhead $ 5,300
Allocation of over applied overhead is on basis of values in Cost of goods sold and Finished goods inventory.
Cost of goods Sold $ 59,300
Finished Goods inventory $ 38,000
Sum of COGS and Inventory $ 97.300
Over applied Overhead $ 5,300
Allocation Finished Goods inventory
$38,000/ $ 97,300 * $ 5,300 = $ 1,488,54
Allocation Cost of Goods sold
$ 59.300/ $ 97,300 * $ 5,300 = $ 3.811.46
Answer:
B The isocost line makes a parallel shift inward
Explanation:
This is because the increase in price is proportional ,less of labor and capital can be bought,and isocost line shifts inward parallely.
If both the price of labor and capital increase proportionally while holding production costs constant, the isocost line makes a parallel shift inward, indicating less of both inputs can be afforded for the same level of expenditures.
When considering the effects of changes in the prices of inputs such as labor and capital on the production process, the representation of these changes can be seen on an isocost line in a graph where labor is on the horizontal axis and capital is on the vertical axis. If the price of labor increases, typically the isocost line becomes flatter; however, if both the price of labor and capital rise in the same proportion and production costs remain constant, the result is choice B: The isocost line makes a parallel shift inward. This reflects that at the new higher prices, the firm can afford less labor and less capital for the same level of expenditures, hence the isocost line moves closer to the origin of the graph.
#SPJ12
Answer:
$5,220
Explanation:
Given that
Estimated from ageing analysis = $5,900
Unadjusted debit balance of the Allowance for Doubtful Accounts = $680
The calculation of Bad Debt Expense is given below:-
The estimated Bad Debt Expense for the current year = Estimated from ageing analysis - Unadjusted debit balance of the Allowance for Doubtful Accounts
= $5,900 - $680
= $5,220
Therefore for computing the bad debt expenses for the current year we simply applied the above formula.
Answer:
Because they're two different people
Explanation:
The main and major reason why, is the obvious one. The first reason that comes to the mind.
Because they are two different people. Different people have different goals, hopes and aspirations. And even those that share them go through different paths while carrying them out. The minds of the two individuals are not the same, and despite the fact that they have similar abilities, they might not necessarily get the job done on time because of other commitments either of them have. Even if they both have none, there's always a distinguishing factor, and that will always trump, thus making them have different expectancies for performing at a high level.
1. Compute its predetermined overhead rate as a percent of direct labor.
2. Compute its overhead cost as a percent of direct materials.
Answer:
(1) 22%
(2) 56%
Explanation:
Given that,
Direct labor = $536,000;
Direct materials = $211,000;
Factory overhead = $119,000
(1) Predetermined overhead rate as a percent of direct labor is simply calculated by dividing the factory overhead by its direct labor cost.
Predetermined overhead rate as a percent of direct labor:
= (Factory overhead ÷ Direct labor) × 100
= ($119,000 ÷ $536,000) × 100
= 0.22 × 100
= 22%
(2) Predetermined overhead rate as a percent of direct materials is simply calculated by dividing the factory overhead by its direct material cost.
Predetermined overhead rate as a percent of direct material:
= (Factory overhead ÷ Direct material) × 100
= ($119,000 ÷ $211,000) × 100
= 0.56 × 100
= 56%
Answer:
38.33 days
Explanation:
The PERT method is a common method used to determine the weighted mean or average of three different values of a parameter to calculate a final estimate. Therefore, in the question shown above, the PERT duration can be estimated as:
PERT duration = (20+4*40+50)/6 = (20+160+50)/6 = 38.33 days.
Thus, for the given activity, the PERT duration is approximately 38.33 days.