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enot [183]
2 years ago
6

A manager of a company is facing an ethical problem. He uses the formal process for ethical decision making to resolve the probl

em. Which of the following steps will they begin with
Business
1 answer:
Alla [95]2 years ago
3 0

Answer: Understanding all the moral standards and recognizing all moral impacts.

Explanation:

Ethics is the standards and the moral principles which guide the behavior of an individual or group of people. Ethical decision making reefers to the assessment of the moral implications of a course of action.

Since the manager uses the the formal process for ethical decision making to resolve the problem, the first step to begin with is to understand the moral standards and recognizing all moral impacts. The manager needs to be aware of the moral standards and be sure if he or she is following the normal process and doing the right thing.

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Kelly has joined Drake's team. Drake sends Kelly an email explaining details of the project that she will be working on. Which o
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B, C and D are all examples of good etiquette
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2 years ago
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The law firm of Furlan and Benson accumulates costs associated with individual cases, using a job order cost system. The followi
Mazyrski [523]

Answer:

3-Jul

Dr Work in process 25,500

Cr Salaries payable 25,500

10-Jul

Dr Work in process 12,500

Cr Cash 12,500

14-Jul

Dr Work in process 48,100

Cr Salaries payable 48,100

18-Jul

Dr Work in process 30,000

Cr Consultant fees payable 30,000

27-Jul

Dr Work in process 26,660

Cr Office overhead 26,660

31-Jul

Dr Office overhead 28,500

Cr Cash 28,500

31-Jul

Dr office overhead 4,000

Cr Supplies 4,000

31-Jul

Dr Salaries payable 74,350

Cr Cash 74,350

31-Jul

Dr Accounts receivable 172,500

Cr Fees earned 172,500

31-Jul

Dr Cost of services 142,760

Cr Work in process 142,760

b. $5,840 Over applied

c. Gross profit $35,580

Explanation:

Furlar and Benson General Journal

3-Jul

Dr Work in process 25,500

(170 hours ×150 per hour)

Cr Salaries payable 25,500

10-Jul

Dr Work in process 12,500

Cr Cash 12,500

14-Jul

Dr Work in process 48,100

(260 hours ×185 per hour)

Cr Salaries payable 48,100

18-Jul

Dr Work in process 30,000

Cr Consultant fees payable 30,000

27-Jul

Dr Work in process 26,660

(170 hours +260 hours)*62

Cr Office overhead 26,660

31-Jul

Dr Office overhead 28,500

Cr Cash 28,500

31-Jul

Dr office overhead 4,000

Cr Supplies 4,000

31-Jul

Dr Salaries payable 74,350

Cr Cash 74,350

31-Jul

Dr Accounts receivable 172,500

Cr Fees earned 172,500

31-Jul

Dr Cost of services 142,760

(25,500+12,500+48,100+30,000+26,660)

Cr Work in process 142,760

b. Calculation for how much office overhead isover- or underapplied

(28,500+4,000)-26,660

=32,500-26,660

=$5,840

Therefore the office overhead is over applied with $5,840

C. Calculation to Determine the gross profit on the Obsidian case

Fees earned 172,500

Less Cost of services (136,920)

(142,760-5,840)

Gross profit $35,580

Therefore the gross profit on the Obsidian case, assuming that over- or underapplied office overhead is closed monthly to cost of services will be $35,580

5 0
2 years ago
The Bharu Violin Corporation has the capacity to manufacture and sell 5,000 violins each year but is currently only manufacturin
meriva

Answer:

Financial advantage  $40,000

Explanation:

The relevant variable cost will be determined as follows

Unit variable cost = 130+20 = 150.

                                                                                               $

Sales from special order ( 200 × $350)=                       70,000

Variable cost ( 200× 150)=                                            (<u>30,000 )</u>

Financial advantage                                                      <u> 40,000</u>

Note that the fixed  manufacturing and selling costs were not included in the analysis, simply because they are not relevant. In other words,  whether or not the special order is accepted these fixed  costs of would be concurred either way.

Financial advantage  $40,000

8 0
2 years ago
Domino Foods, Inc., manufactures a sugar product by a continuous process involving three production departments—Refining, Siftin
Artist 52 [7]

Answer:

Domino Foods, Inc Journal enties

Sept 30

Dr Refining work in processs 400,000

Cr Material 400,000

Sept 30

Dr Refining work in processs 150,000

Cr Labour 150,000

Sept 30

Dr Refining work in processs 100,000

Cr FOH control account 100,000

Sept 30

Dr Stiffing work in processs 575,000

Cr Refining work in processs575,000

Explanation:

Domino Foods, Inc Journal enties

Sept 30

Dr Refining work in processs 400,000

Cr Material 400,000

Sept 30

Dr Refining work in processs 150,000

Cr Labour 150,000

Sept 30

Dr Refining work in processs 100,000

Cr FOH control account 100,000

Sept 30

Dr Stiffing work in processs 575,000

Cr Refining work in processs575,000

(400,000+150,000+100,000-40,000-35,000)

3 0
2 years ago
Read 2 more answers
In each of the following cases, calculate the accounting break-even and the cash break-even points. Ignore any tax effects in ca
Sloan [31]

Answer:

Accounting Break-Even

Case 1 = $14,350   Case 2 = $8,485.71    Case 3 = $214.375

Cash Break-Even

Case 1 = $11,766.67    Case 2 = $1342.86     Case 3 = $168.75

Explanation:

According to the scenario, computation of the given data are as follow:-

Accounting Break-Even = (Fixed Cost + Depreciation Cost) ÷ (Price Unit -Variable Unit)

Case 1 - ($7,060,000 + $1,550,000) ÷ ($3075 - $2,475)

= $8,610,000 ÷ $600

= $14,350

Case 2 - ( $47,000 + $250,000) ÷ ($96 - $61)

= $297,000 ÷ 35 = $8,485.71

Case 3 - ($2,700 + $730) ÷ ($21 - $5)

= $3,430 ÷ $16 = $214.375

Cash Break Even = Fixed Cost ÷ (Price Unit - Variable Unit)

Case 1 - $7,060,000 ÷ ($3075 - $2,475)

= $7,060,000 ÷ $600

= $11,766.67

Case 2 - $47,000 ÷ ($96 - $61)

= $47,000 ÷ $35 = $1342.86

Case 3 - $2,700 ÷ ($21 - $5)

= $2,700 ÷ $16 = $168.75

6 0
2 years ago
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