Answer:
Total cost under flexible budgeting is $390,850
Explanation:
Calculation of Standard direct labor Cost
Standard Direct labor Cost=Budgeted Labor cost/Budgeted hour of Production
=$136,000 / 8,000
=$17 per hour
Calculation of Standard material Cost
Standard material Cost = Budgeted material Cost /Budgeted hour of Production
=$150,000 / 8,000
=$18.75 per hour
Calculation of Total cost under flexible budgeting
Direct Material Cost = 10,600 * $18.75 = $198,750
Direct Labour Cost= 10,600 * 17 = $180,200
Fixed factory overhead= $11,900
Total budgeted cost $390,850
Answer:
total cost to be accounted = $294,000
Explanation:
Work in Process
Beginning value of WIP = $24,000
Ending value of WIP = $13,000
Cost added to production = $283,000
Cost to be accounted for = Beginning value of WIP + Cost added to production - Ending value of WIP
Cost to be accounted for = $24,000 + $283,000 - $13,000 = $294,000
The total cost to be accounted for in Tsuzuki Corporation's cost reconciliation report for August would be $307,000. This is calculated by adding the beginning work in process inventory ($24,000) to the costs added to production during the month ($283,000). The ending work in process inventory is not included in this calculation.
In the scenario provided, Tsuzuki Corporation's cost reconciliation report for August would be a combination of the beginning work in process inventory, the ending work in process inventory, and the costs added to production for that month. To calculate the total cost to be accounted for, we add the beginning inventory to the costs added during the month. That would be $24,000 (beginning work in process) + $283,000 (costs added to production) = $307,000.
It is important to note that the ending work-in-process inventory of $13,000 is not included in this particular calculation because the question asks for the total cost to be accounted for, not the cost assigned to finished goods or carried forward to the next accounting period. In other words, the total cost to be accounted for represents the money spent within the period, regardless of whether the goods were finished or not.
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Answer:
A debit to Work-in-Process Inventory, Finishing Department of $140,000.
Explanation:
$140,000 will be credited to Work-in-Process Inventory, Mixing Department and debited to Work-in-Process Inventory, Finishing Department.
Finishing department is a process department. Finished goods are debited only when goods are transferred from the last processing department to finished goods.
Calculations
Cost per units transferred $ 4.00
Units transferred 3.500
Total cost of units transferred $ 1,40,000.00
offer incentives to the team with the highest sales
offer college reimbursement for business classes
offer free leadership seminars to all employees
hold a weekly "employee appreciation" party
Answer:
The correct answer is letter "E": hold a weekly "employee appreciation" party.
Explanation:
Organizational commitment plays a key role in employees' performance. The more engaged workers are with the company they work for, the more likely their production is going to be higher. Affective commitment refers to increasing the bonds that link workers within the organization. Casual reunions after every period of time are one of the many activities firms could use to engage employees with their brand.
Answer:
Barriers to entry, Internal industry rivalry, Supplier power, buyer power,etc.
Explanation:
Firms that are capable of excessive productions could boost sales volume by increasing the productions at cost advantage of reducing price. But firms that are incapable of increasing the productions capacity will be unable to produce extra quantity to gain any market share.
Barrier to entry : A established large MES of the industry prevents small entrants from entering into the industry.
Answer:
$25 billion and $15 billion
Explanation:
Given:
Social Security Administration = $10 billion
General public held = $15 billion
Computation of Total gross public debt :
Total gross public debt = Social Security Administration + General public held
Total gross public debt = $10 billion + $15 billion
Total gross public debt = $25 billion
Total gross debt held by public = $15 billion
Answer:
Increase price.
Explanation:
Price elasticity is the degree of responsiveness of quantity demanded to changes in price. Ideally as price increases quantity demanded reduces. When prices reduce quantity demanded increases.
As a new manager of Rock Record company, if the economics consultants inform you the price elasticity is less than one it means quantity does not change with increase in price.
So price can be increased without a corresponding decrease in price. The goal of higher revenue can be achieved by increasing the product price.
Answer:
The correct answer is: increase prices.
Explanation:
Price elasticity refers to the changes in quantity demand after the change in price for a good or service. Elasticity is calculated by dividing the percentage in quantity demanded by the percentage change in price. If the result is equal or greater than one (1) the demand is elastic. If the result is lower than 1 the demand is inelastic.
Thus, in the case given, Rock Record Company has an inelastic price demand since it is lower than 1. It implies changes in price are unlikely to change the quantity demanded. As the company needs to increase the revenue, the easiest method to achieve that is to raise the product prices.