Answer:
The cost of goods manufactured is $557,300
Explanation:
In order to calculate the cost of goods manufactured we would have to make the following calculation:
cost of goods manufactured=Work in process inventory 1/1+Total manufacturing costs-Work in process 12/31
Work in process inventory 1/1)= $13,500
Total manufacturing costs=Direct materials used+Direct labor+Manufacturing overhead
Total manufacturing costs=166000+220000+180000=$566,000
Work in process 12/31=$22,200
Cost of goods manufactured=$13,500
+$566,000 -$22,200
Cost of goods manufactured=
$557,300
The cost of goods manufactured is $557,300
Answer:
The cross over is at 1800 units annually. for volumes over 1800, the process focus is cheaper.
Explanation:
The crossover is at 1800 units annually.
For volumes under 1800, the process focus is cheaper and lesser; for volumes that are over 1800 units, the repetitive manufacturing focus is cheaper and lesser
Fixed cost ÷ variable cost
$90000÷50 =$1800
$9,000÷5=$1800
Answer:
The correct answer is letter "C": top management's attitude toward decentralized operating structures.
Explanation:
Sales forecasts have the purpose of providing companies with an idea of how their sales environment is going to be within a specific period. By forecasting, firms obtain objective information from inside and outside the company that allows them to maximize the distribution of their resources to cover the customers' demands in the future.
Thus, <em>an executive's attitude over decentralized operating structures is not relevant for sales forecasting.</em>
Answer:
Explanation:
in booths to attract in-person attention. Online, customers will be able to see all the variety of necklaces we have available and learn about our products. 5. If your company grows big enough to hire sales people, will you set sales quotas or use commissions? Why or why not? (1-2 paragraphs. 5.0 points) I would use commissions. This is because it is more economical for the company, only having to pay sales people when they successfully sell a product. It would motivate the sales people to sell more products because they know they benefit from it. Although it can pressure them sometimes, I feel like it would be the best route to take
Answer and Explanation:
According to the given situation, the income statement and balance sheet as per parts is shown below:-
<u>Accounts Account Title Financial statements </u>
<u>For Part A</u>
Debit Accounts receivable Liability account Balance sheet
Credit Consulting service Income statement
revenue
<u>For Part B</u>
Debit Interest receivable Liability account Balance sheet
Credit Interest revenue Income statement
<u>For Part C</u>
Debit Accounts receivable Assets account Balance sheet
Credit Service Revenue Income statement
<u>For Part D</u>
Debit Janitorial expense Income statement
Credit Janitorial expense Liability account Balance sheet
Payable
<u>For Part E</u>
Debit Rent expenses Income statement
Credit Rent expenses Liability account Balance sheet
payable
