The skill you’re focusing on this week is:

Iron triangles have given way to _____ over the years. intergovernmental lobbying issue networks reverse lobbying iron squares

monitta

Iron triangles have given way to INTER-GOVERNMENTAL LOBBYING over the years.

Iron triangles refer to a mutual relationship between three three groups or organizations such as government agencies, interest groups and legislative committees (law makers). It is a policy making relationship in the United States politics.

8 0

2 years ago

Smithson Company uses a job-order costing system and has two manufacturing departments— Molding and Fabrication. The company pro

vazorg [7]

Answer:

Instructions are below.

Explanation:

1)

a) First, we need to calculate the total estimated overhead:

Total overhead= 1,100,000 + (5*50,000)= 1,350,000

Now, we can determine the overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 1,350,000/50,000

Predetermined manufacturing overhead rate= $27 per machine hour

b)

Job D-75:

Total cost= direct material + direct labor + allocated overhead

Total cost= 700,000 + 360,000 + 27*20,000

Total cost= $1,600,000

Job C-200:

Total cost= 550,000 + 400,000 + 27*30,000

Total cost= $1,760,000

c) Selling price= 150% of manufacturing costs

Job D-75= 1,600,000*1.5= $2,400,000

Job C-200= 1,760,000*1.5= $2,640,000

d) COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 0 + (1,600,000 + 1,760,000) - 0

COGS= $3,360,000

2)

a)

Molding= (800,000/20,000) + 5= $45 per machine hour

Assembly= (300,000/30,000) + 5= $15 per machine hour

b)

Job D-75:

Total cost= 700,000 + 360,000 + 45*20,000

Total cost= $$1,960,000

Job C-200:

Total cost= 550,000 + 400,000 + 15*30,000

Total cost= $1,400,000

c)

Job D-75= 1,960,000*1.5= $2,940,000

Job C-200= 1,400,000*1.5= $2,100,000

d) COGS= 0 + (1,960,000 + 1,400,000) + 0

COGS= $3,360,000

4 0

2 years ago

Davidson offers several solutions to the major issues, stating that fiscally we are actually not a nation that is divided on the

Mila [183]

QUESTION 1.
Some of the fiscal solutions that Davidson mentions tweaking in a bid to cut government spending multiple subtle ways are as follows:
I. Raise social security retirement age
II. Reduce medicare for wealthy seniors
III. Raise medical healthcare contributions

QUESTION 2.
According to Davidson, the republican and the democrat philosophies are two fundamentally different economic philosophies that impact the debt crisis faced by the United States. In his opinion, the republicans want a system in which the government’s only job should be to create an efficient society, whereas the Democrats aim at making sure that everyone lives in an “equitable, fair society”. I think I would agree more with the Democrat philosophy because equity and fairness to everyone is a key public value outcome in every society.


QUESTION 3.
The two fiscal issues that are hyper-partisan are as follows:
I. Military defense spending.
II. Issues of taxes
- The parties are so divided chiefly because they have extreme opposites points of view on several issues.
- On the issues, I lean towards the Democrat view.

QUESTION 4.
Towards the end of his talk, Davidson says he fears that the longer we delay any solution, the more the world will look to the U.S. not as the bedrock of stability in the global economy, but as a place that can't resolve its own fights. He explains that the higher interest rates are going to be, the quicker we're going to have to face a day of horrible calamity.

4 0

2 years ago

Marquez purchased some equipment for $58,750 on August 15, 2018.

Sauron [17]

Answer:

$4,714

Explanation:

Given that,

Cost of equipment = $58,750

Equipment was subject to depreciation of $6,964 for 2018 and 2019.

Sale value of equipment = $56,500

Net book value = Cost of equipment - Depreciation

= $58,750 - $6,964

= $51,786

Capital gain = Net book value - Sale value

= $51,786 - $56,500

= $4,714

Therefore, the Marquez recognize a gain of $4,714 on the sale of the equipment.

4 0

2 years ago

Kasten, Inc budgeted 10,000 widgets for production during 2013. Kasten has capacity to produce 12,000 units. Fied factory overhe

Vlada [557]

Answer:

Check the following calculations

Explanation:

1. Received an order for 1,000 units

Cost per unit = $46

now

Incremental revenue per widget = $43

Incremental cost per widget: =( Direct material + Direct Labor + Vairable manufacturing overhead) =

$7 + ($15 × 2) + $4 = 41

Incremental profit per unit = 43 - 41 = $2

Total incremental profit = $2 × 1,000 = $2,000

Kasten can make an extra $2,000

2. Cost to buy per widget = $39

Cost to make per widget: = ( Direct material + Direct Labor + Vairable manufacturing overhead) =

$7 + ($15 × 2) + $4 = 41

Incremental savings per widget if purchased =41 - 39 = $2

Total incremental savings if purchased = $2 × 10,000 = $20,000

Thus we can say Kasten will save $20,000 if it buys instead of makes

5 0

2 years ago