Answer:
1. Wages of assembly line workers _____Variable ____________
2. President's salary ______Fixed___________
3. Plant utilities _______Mixed__________
4. Sales force commissions _____Variable____________
5. Shipping costs ______Variable___________
6. Factory rent ________Fixed_________
7. Research and development expenses _____* Fixed____________
8. Property taxes _______Fixed__________
9. Advertising _______Fixed__________
10. Supplies used in production _____Variable____________
* If you consider output as number of units sold the R&D is a fixed cost.
Answer:
the amount of write-offs during the year= $28,000
Explanation:
Amount written off = Beginning allowance for doubtfull accounts + Bad debts expense - Closing allowanve for doubtfull accounts
= 54000+48000-74000
= 28000
Answer:
Synergy
Explanation:
Synergy is the concept that the combined performance of two entities will be better than each of them acting individually.
In this instance when the two teams that each produce 100 containers per day became integrated as one, they now produce 300 containers a day. This is as a result of their increased division of labor, combined efficiencies and expertise of team members.
Answer:
The correct answer is letter "A": Respect.
Explanation:
The Project Management Institute or PMI is an American non-profit organization that defines and keeps standards for project management within organizations. According to the PMI, the values for ethical project management involve responsibility, fairness, respect, and honesty. Respect implies showing high awareness for managers, others involved in the firms, and the resources provided to the executives.
The journal entry to be made to accrue wages expense at September
30 would be:
(Computation for the accrued salaries: 35,000/5 = 7,000 x 3
= 21,000)
Debit
Salaries and Wages Expense 21,000
Credit
Salaries and Wages Payable 21,000
At the next payday which is October 2, the entry would be:
Debit
Salaries and Wages Payable 21,000
Salaries and Wages Expense 14,000
Credit
Cash 35,000
