The first step in the decision-making process requires you to do what?

San Francisco Corporation uses two materials in the production of its product. The materials, X and Y, have the following standa

levacccp [35]

Answer:

(1) Material usage variance for X: 1,500 (Favorable)

(2) Material usage variance for Y: -19,500 (Adverse)

Explanation:

Material usage variance for X:

Standard Mix for actual Yield:

= (Standard mix of material X ÷ Yield) × Yield actual mix

= (3,500 ÷ 4,000) × 36,000

= 31,500

Material Usage Variance:

= (Standard Mix for actual Yield- Actual Mix) × Standard unit price

= (31,500-30,000) × $1

= 1,500 (Favorable)

Material usage variance for Y:

Standard Mix for actual Yield:

= (Standard mix of material Y ÷ Yield) × Yield actual mix

= (1,500 ÷ 4,000) × 36,000

= 13,500

Material Usage Variance:

= (Standard Mix for actual Yield- Actual Mix) × Standard unit price

= (13,500 - 20,000) × $3

= -19,500 (Adverse)

Total = (19,500) + 1,500

= (18,000) [Adverse]

4 0

2 years ago

Expenditures of a governmental unit for insurance extending over more than one accounting period: Group of answer choices Must b

velikii [3]

Answer:

Expenditures of a governmental unit for insurance extending over more than one accounting period May be allocated between or among accounting periods or may be accounted for as expenditures of the period of acquisition.

Explanation:

It is never wrong to document expenditures in real time with definite data such as date, details of expenditure and the costs entered correctly.

Therefore, if the expenditures of a governmental unit for insurance extends over more than one accounting period, it may be accounted for as expenditures of thee period of acquisition.

Since the expenditure spills over to another accounting period, it may also be located between or among the accounting periods it falls on.

3 0

1 year ago

A firm employs 100 workers at a wage rate of $10 per hour, and 50 units of capital at a rate of $21 per hour. The marginal produ

algol13

Answer:

The correct option is "B"

Explanation:

Worker = 100 × $10

Worker = 1000

Capital = 50 × $21

Capital = 1050

As the expense of work is not exactly capital, along these lines utilizing more work and less capital. In addition the minor profitability of work is additionally more than the capital

5 0

1 year ago

Read 2 more answers

The following events occur for The Underwood Corporation during 2021 and 2022, its first two years of operations.

trasher [3.6K]

Answer:

Journal Entries are given below

Explanation:

June 12, 2021

Provide services to customers on account of $41,000.

DEBIT CREDIT

Receivable account $41,000

Services Revenue $41,000

September 17, 2021

Receive $25,000 from customers on account.

DEBIT CREDIT

Cash $25,000

Receivable $25,000

December 31, 2021

Estimate that 45% of accounts receivable at the end of the year will not be received.

DEBIT CREDIT

Bad debt($16,000x45%) $7,200

Allowance for doubtful debt $7,200

March 4, 2022

Provide services to customers on account for $56,000

DEBIT CREDIT

Receivable account $56,000

Services Revenue $56,000

May 20, 2022

Receive $10,000 from customers for services provided in 2021.

DEBIT CREDIT

Cash $10,000

Receivable $10,000

July 2, 2022

Write of the remaining amounts owed from services provided in 2021.

Working: $41,000 - $25,000 - $10,000 = $6,000

DEBIT CREDIT

Allowance for doubtful debt $6,000

Account Receivable $6,000

October 19, 2022

Receive $ 45,000 from customers for services provided in 2022.

DEBIT CREDIT

Cash $45,000

Receivable $45,000

December 31, 2022

Estimate that 45% of accounts receivable at the end of the year will not be received.

DEBIT CREDIT

Bad debt (w) $3,750

Allowance for bad debt $3,750

Working:

($56,000 - $45,000) x45% = $4,950

Balance in Allowance account at 31 dec 2021 = 7,200

Bad debt written off = 6,000

Remaining balance = 1,200

Allowance for doubtful debt at 31 dec 2022 = $4,950 - $1,200

Allowance for doubtful debt at 31 dec 2022 = $3,750

5 0

2 years ago

Business Designs utilizes a structure that includes functional divisions, such as accounting and production, and a divisional ch

SSSSS [86.1K]

Answer:

Matrix organization.

Explanation:

A matrix organization is a blended organizational structure. This tries simultaneously to deal with competing pressures for global integration and local responsiveness. Institutes overlaps among functional and divisional forms.

Although a functional hierarchy is still in place, the project manager is recognized as a valuable position and is given more authority to manage the project and assign resources.

Gives functional, product, and geographic groups a common focus.

Matrix organizations can be further divided into weak, balanced, and strong matrix organizations. A weak matrix gives more authority to the functional manager (FM), whereas the strong matrix gives more power to the PM. As the name suggests, the balanced matrix balances power between the FM and the PM. The difference between the three is the level of authority given to the project manager (PM).

3 0

1 year ago

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