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ioda
2 years ago
12

In January, Harlan, Inc. production supervisor requisitioned raw materials for production as follows: Job 1 $700, Job 2 $900, Jo

b 3 $400, and general factory use, $520. Prepare a summary journal entry to record raw materials used. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Business
1 answer:
Shtirlitz [24]2 years ago
6 0

Answer:

Work in progress inventory A/c Dr $2,000

Manufacturing overhead A/c Dr $520

     To Raw material inventory A/c $2,520

(Being the raw material used is recorded)

Explanation:

The journal entry is shown below:

Work in progress inventory A/c Dr $2,000

Manufacturing overhead A/c Dr $520

     To Raw material inventory A/c $2,520

(Being the raw material used is recorded)

The computations are shown below:

For Work in progress inventory

= Job 1 + Job 2 + Job 3

= $700 + $900 + $400

= $2,000

Raw material inventory

=  Work in progress inventory + manufacturing overhead

= $2,000 + $520

= $2,520

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Home Parties is paying an annual dividend of $1.78 every other year. The last dividend was paid last year. The firm will continu
yuradex [85]

Answer:

Home Parties is paying an annual dividend of $1.78 every other year. The last dividend was paid last year. The firm will continue this policy until two more dividend payments have been paid. Three years after the last normal dividend payment, the company plans to pay a final liquidating dividend of $32 per share. What is the current market value of this stock if the required return is 14.7 percent?

The current market value of this stock = $16.78.

Explanation:

Current market value of this stock = $1.78/1.147 + $1.78/1 .147∧3+ $32/1.147∧6

Current market value of this stock= 1.55187 + 1.78/1.509 + 132/2.27709

Current market value of this stock= 1.55187 + 1.17959 +  14.053

The current market value of this stock = $16.78.

8 0
2 years ago
Customers around the world know Pepsi and consider it a primary "go-to" brand if they want a refreshing drink. This positioning
Sedbober [7]

Answer:

B. targeting strategy and marketing mix

Explanation:

In business, Targeting strategy refers to a strategy that a company implemented to sell their product to specific group of consumers.

In pepsi's case, they focus their targeting strategy toward the consumers who want a refreshing drink.

Marketing mix is a marketing strategy that is revolved around  product, price, place, and promotion. Companies could utilzie this 4 factors to create a business model that can make their targeting strategy succesful.

In pepsi's case:

They sold their product in almost every convenience store <u>(place) .</u> Making it easier for consumers who currently crave refreshing drinks. The <u>price </u>of Pepsi's product is very affordable.

<u>They designed and promote their produc</u>t to obtain a reputation as refreshing  a product that can relinquish your thirst.  You can see it in most of their advertising. Most of it consist of people in a hot weather that craves something cold and refreshing.

8 0
2 years ago
After Sue purchased the business, one of her goals was better work-life balance, and she promoted employees to management positi
makvit [3.9K]

Answer:

<u>D) Compared the hours she spent with her dog to her goal of 2 hours a day of "dogtime"</u>

Explanation:

Remember, Sue wants to in the end determine whether performance met standards for the strategic objective of better work life.

Work life here includes the hours one spents in his or her job, therefore she should compare the hours she spent with her dog to her goal of 2 hours a day of "dogtime".

8 0
2 years ago
Horten Sporting Goods Corporation makes two types of racquets, tennis and badminton. The company uses the same facility to make
shusha [124]

Answer:

Tennis racquet cost is $76.71   per unit

Badminton racquet cost is $73.67    per unit

Price of badminton racquet  at 30% mark-up is  $95.77  

Explanation:

I calculated the cost of each racquet  as well as their prices in the attached excel file.

I started I added all prime costs(direct materials plus direct labor costs) to overhead costs.

After  having arrived at total manufacturing costs, I divided them by volume of each product to arrive at cost per unit.

I then marked up the cost by 30% to determine market price per unit.

Download xlsx
5 0
2 years ago
A direct cost is a cost that is:
kap26 [50]

Answer:

(D) Traceable to a single cost object.

Explanation:

A direct cost -

It is refers to the amount which is directly linked to the production of the specific products and services , is referred to as the direct cost .  

The direct cost is variable in nature .  

The direct cost can be traced to the cost object , that can be department , product or service.  

Hence, from the given information of the question,  

The correct option is D.

4 0
2 years ago
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