All categories

1 year ago

Which of the following occupations would most likely be

Business

1 answer:

Rudik [331]1 year ago

3 0

Answer:

Farm worker

Explanation:

Seasonal unemployment occurs due to a decrease in labor demand at particular times of the year. Some industries experience increased activities during specific seasons. Hotels and restaurants may experience a boom in holiday seasons, while Ski business may be closed during summer.

The farming business is seasonal. During winter, nothing much happens. Workers in this period are likely to be unemployed.

You might be interested in

Benton Lamps applies overhead using direct labor hours. Budgeted total overhead cost was $472,000 and estimated direct labor hou

GREYUIT [131]

Answer:

Allocated MOH= $158,000

Explanation:

Giving the following information:

The standard direct labor quantity is 4 hours per lamp, and the company produced 9,800 lamps in January. This required 39,500 direct labor hours.

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 4*39,500= $158,000

4 0

1 year ago

On December 28, 20Y3, Silverman Enterprises sold $18,500 of merchandise to Beasley Co. with terms 2/10, n/30. The cost of the go

Lina20 [59]

Answer:

Dec. 28, 20Y3

Dr Account receivable - Beasley co. 18,500

Cr Sales 18,500

Dec. 28, 20Y3

Dr Cost of goods sold 11,200

Cr Inventory 11,200

Jan. 3, 20Y4

Dr Sales return and allowance 4,000

Cr Account receivable - Beasley co. 4,000

Jan. 3, 20Y4

Dr Inventory 2,350

Cr Cost of goods sold 2,350

C. Jan. 7, 20Y4

Dr Cash 14,210

Dr Sales discount 290

Cr Account receivable - Beasley co. 14,500

Explanation:

A. Preparation of the Journal to record the December 28, 20Y3 sale, using the net method under a perpetual inventory system

Dec. 28, 20Y3

Dr Account receivable - Beasley co. 18,500

Cr Sales 18,500

Dec. 28, 20Y3

Dr Cost of goods sold 11,200

Cr Inventory 11,200

B. Preparation of the journal entries to record the merchandise returned

Jan. 3, 20Y4

Dr Sales return and allowance 4,000

Cr Account receivable - Beasley co. 4,000

Jan. 3, 20Y4

Dr Inventory 2,350

Cr Cost of goods sold 2,350

C. Preparation of Journal entry to record the receipt of the amount due

Jan. 7, 20Y4

Dr Cash 14,210

[(18,500-4,000)-(18,500-4,000)*2% ]

Dr Sales discount 290

[(18,500-4,000)*2% ]

Cr Account receivable - Beasley co. 14,500

(18,500-4,000)

8 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

Raul is the Chief Operating Officer (COO) of Black Mesa Inc., a firm that produces handcrafted kitchen tables for both the resid

quester [9]

Answer: A. Raul could gain access to cheaper raw materials in a foreign country, thus lowering the cost of his input factors.

Explanation:

Being able to produce goods at a lower cost is a good thing for a business because it means that the business can be able to sell at a lower price and therefore get more customers and increase overall profitability.

If Raul could access materials from a foreign company at a cheaper rate, this would be advantageous because his company can produce at a lower price and increase profitability.

8 0

1 year ago

Madison River Supply Co. sells canoes, kayaks, whitewater rafts, and other boating supplies. During the taking of its physical i

oee [108]

Due to the error in the recording of correct amount of inventory the ,at the end of Madison river supply balance sheet , the inventory , current assets, total assets and shareholders equity would be understated by $10,400.

Now due to the error in recording correct amount of inventory , in the balance sheet it will be shown as understated by $10,400 ( $555,400 - $5454,000 ) , now because of this the current assets would become understated by the same amount as inventory comes under the current assets.

Since current assets are understated , the total assets of the company would also be understated and so do shareholders equity as the net income has decreased because of the increase in cost of goods sold.

4 0

1 year ago