Answer:
c. When ordering or setup costs increase, Economic Order Quantity increases
Explanation:
In inventory there are two types of review systems used to replenish stock, the periodic inventory and continuous inventory.
Continuous inventory involves ordering the same quantity of a good in each order. However the rate at which goods are replenished varies based on monitoring of level of goods. Orders are made when inventory gets to a certain level.
In this instance when there is an increase in ordering or setup there needs to be allocation of a higher amount for orders. The additional cost is added to the economic order quantity
Answer:
B. Advertising Expense 500 Prepaid Advertising 500
Explanation:
The journal entry is shown below:
1. Prepaid Advertising A/c Dr $2,000
To Cash A/c $2,000
(Being the prepaid advertising is paid)
2. Advertisement expense A/c Dr $500
To Prepaid Advertising A/c $500
(Being the adjusting entry is recorded)
Since for three-fourth is received, so one-fourth is still pending which would be
= $2,000 - $1,500 ($2,000 × 3 ÷ 4)
= $500
The correct answer to this open question is the following.
Although you forgot to include the proper context of the question or further references, we can comment on the following.
Alden found out about Revinate by searching on the web trying to find the best software options that could help the company to identify the customer's reviews so Gregory E. Alden could make the best decisions for his company.
Gregory E. Alden is the manager of the company Woodside Hotels, located in Northern California. He was trying to monitor the comments of his high-class clients because Woodside Hotels is in the luxurious hotel business. So knowing that constantly monitoring client's comments on social media pages such as TripAdvisor or Yelp can be an arduous and difficult task, Gregory searched for the best software company to monitor client's comments on social media. That is how he found Revinate, a company that helps managers to track reviews so they can make the best business decisions once they have learned what their customers desire. And that is exactly what I would do to choose the kind of company to know about the preferences of my customers.
Answer:1.$50/hr
2. $850
3.$30
4.$510
5.$1360
Explanation:
1. Hourly rate= Total annual salary/Number of hours worked
$85,000/1,700 hours=$50/hour.
2. Direct labour cost for client 367 = Hourly(required 1)× Number of hours billed
$50/hour × 17 hours= $850
3. Indirect cost allocation rate = Total indirect costs/ Total number of billed hours
$360,000/12,000 hours= $30/hour
4. Indirect costs allocated to client= Indirect cost allocation rate × Number of attorney billing hours
$30 (from required 3) × 17 hours = $510.
5. Total job cost = direct costs + indirect costs allocated
850 + 510 = 1360.
Enjoy
