<span>The department consists of 9 members but they must select a department head, an assistant department head, and a faculty senate representative. So they are 3 positions to be occupied by 9 people. It can be done in nPr = n! / (n - r)! ways.
So 9C3 ways. 9! / (9-3)! = 9! / 6! = 504 ways</span>
Answer:
Unit cost= $347.8
Explanation:
Giving the following information:
The total fixed manufacturing overhead cost of $468,000, variable manufacturing overhead of $2.10 per machine-hour, and 72,000 machine-hours.
Job A496:
Number of units in the job 10
Total machine-hours 80
Direct materials $ 930
Direct labor cost $ 1,860
First, we need to calculate the manufacturing overhead rate:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= (468,000/72,000) + 2.1= $8.6 per machine hour
Now, we can calculate the total cost:
Total cost= direct material + direct labor + manufacturing overhead
Total cost= 930 + 1,860 + (8.6*80)= $3,478
Unit cost= total cost/ number of units= 3,478/10= $347.8
Answer:
The below statement marks the company's vision.
In a period of 10 years, he states that the foundation envisions a broad and impartial society that respects and encourages children and actively enables people’s participation.
Explanation:
Companies tend to summarize their goals and objectives in mission and vision statements. Both of these serve different purposes for a company but are often confused with each other.
<u>Vision of a company/organisation</u>
- Vision statement outlines what a company wants to be in the future.
- The Vision Statement focuses on the future
- It is a statement that is a source of inspiration and motivation.
- It describes not just the future of the organization but the future of the industry or society in which the organization hopes to effect change.
Relevance to the given scenario is that in the identified statement, Micheal has clearly demonstrated, what he sees for the foundation and how it wants to impact the foundation's stakeholders.
The vision of the foundation is as follows:
<em>In a period of 10 years, he states that the foundation envisions a broad and impartial society that respects and encourages children and actively enables people’s participation.</em>
<em></em>
Vision is different from the mission:
<u>Mission statement:</u>
The Mission Statement concentrates on the present; it defines the customer(s), critical processes and it informs you about the desired level of performance.
The mission of the foundation is as follows:
<em>The purpose of the foundation is to maximize the effect of public participation and welcome the recognition for volunteering.</em>
<em></em>
<span>A. Compute Bob's realized gain (loss) on the exchange.
$320,000 + $40,000 + $80,000 = $440,000 - that is selling price
$440,000 - $240,000(basis) = $200,000 - that is realized gain
B. Compute Bob's taxable recognized gain.
$200,000 / $440,000 = 45.45%
($40,000 + $80,000) * 45.45% = $54,544
C. Compute Bob's basis in the land.
$(440,000-120,000) / $440,000 = 72.72%
$240,000 * 72.72% = $174.545</span>
Answer:
The Corporation's manufacturing overhead cost for the year was $543,840
Explanation:
Giving the following information:
Last year, the Corporation worked 60,500 actual direct labor-hours and incurred $532,000 of actual manufacturing overhead cost.
The Corporation had estimated that it would work 61,800 direct labor-hours.
First, we need to calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 532,000/60,500= $8.80 per direct labor hour.
Now, we can allocate overhead based on actual direct labor hours:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 8.8*61,800= $543,840
