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2 years ago

How were the earliest benefits of the Industrial Revolution distributed between factory owners and workers?

2 answers:

8 0

The answer is Factory owners benefited greatly, while conditions for workers were poor.

During the Industrial Revolution, capitalists were focused on getting more profit. They actually have poor management with worker benefits. Workers work long hours and receive insufficient pay for all their work. Their condition moved them to form Unions and held strikes for decent salary and benefits.

aalyn [17]2 years ago

5 0

Answer:

Factory owners benefited greatly, while conditions for workers were poor.

Explanation:

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send your client an email with a project and risk status. You ask for feedback on project performance. Which best practice shoul

Zolol [24]

Explanation:

Get to the point quickly and be concise., but don't be impersonal or abrupt. Keep your sentences short and clear. Include everything your client needs to know in the email. If you're just providing information and don't need a response, write “No response needed” at the end of the email.

7 0

1 year ago

At the end of the current year, the accounts receivable account has a debit balance of $947,000 and sales for the year total $10

ExtremeBDS [4]

Answer:

A.$26,850

B.$28,200

C.$80,550

D.$53,000

Explanation:

Calculation to Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions

A.) We are using net sales as a basis, therefore the balance in the allowance account is ignored.

$10,740,000 x 1% x 1/4 = 26,850

26,850- 12,800

= 14,050 adjustment

B.) We are using Accounts Receivables as the basis, therefore the balance in the allowance account needs to be considered.

41,000 - 12,800 = 28,200 adjustment

C.) Since allowance account before adjustment has a debit balance of $5,700 in which Bad debt expense is estimated at 3/4 of 1% of net sales. The adjustment will be:

10,740,000 x 1% x 3/4 =80,550

80,550 - 5,700 = 74,850 adjustment

D.) Since we have a debit balance, the adjustment would be :

47,300+ 5,700 = 53,000

8 0

1 year ago

Precision Systems manufactures CD burners and currently sells 18,500 units annually to producers of laptop computers. Jay Wilson

hram777 [196]

Answer:

a. What increase in the selling price is necessary to cover the 15 percent increase in direct labor cost and still maintain the current contribution margin ratio of 40 percent?

estimated production costs per unit:

direct materials $10

direct labor $23

overhead $30

total $63

if we want contribution margin to remain at 40%, then selling price = $63 / (1 - 40%) = $105

to verify our answer, contribution margin = $105 - $63 = $42 / $105 = 40%

b. How many units must be sold to maintain the current operating income of $350,000 if the sales price remains at $100 and the 15 percent wage increase goes into effect?

if sales price doesn't change, then contribution margin = $37 (not $40)

units sold to keep profit at $350,000 = ($350,000 + $390,000) / $37 = 20,000 units per year

c. Wilson believes that an additional $700,000 of machinery (to be depreciated at 20 percent annually) will increase present capacity (20,000 units) by 25 percent. If all units produced can be sold at the present price of $100 per unit and the wage increase goes into effect, how would the estimated operating income before capacity is increased compare with the estimated operating income after capacity is increased? Prepare schedules of estimated operating income at full capacity before and after the expansion.

working at full capacity, sales price $100 (unchanged) and direct labor costs increasing by 15%

capacity 20,000 capacity 25,000

sales revenue $2,000,000 $2,500,000

direct labor $460,000 $575,000

direct materials $200,000 $250,000

overhead $600,000 $750,000

fixed costs $390,000 $670,000

operating revenue $350,000 $255,000

The expansion will result in lower operating profits ($95,000 less) so it should be discarded.

7 0

2 years ago

Gitano Products operates a job-order costing system and applies overhead cost to jobs on production (not on the basis of raw mat

WINSTONCH [101]

Answer: Please see answer below

Explanation:

a)Predetermined Overhead rate = Estimated manufacturing overhead/Estimated direct materials cost x 100

=124,600/89,000 = 1.4 x100 =140%

b) Amount of underapplied or overapplied overhead of the year

we first calculate amount of direct materials

Beginning Raw Materials = 27,000

Purchase Of Raw Materials=139,000

Total Raw Materials =166,000

Ending Raw Materials=$13,000

Direct Materials Used In Production = Total Raw Materials –Ending Raw Materials= 166,000-13,000= 153,000

Direct materials will now be used To Calculate Underapplied Or Overapplied Overhead

Indirect Labour=$127,000

Property Taxes= $8,880

Depreciation On EquipmenT= $18,000

Maintenance= $12,000

Insurance $11,300

Rent, building=$40,000

Total Manufacturing overhead incurred =$217,180

Manufacturing overhead applied or used=140%x 153,000=214,200

Underapplied overhead= 217,180-214,200= $2,980

c)Schedule of cost of Goods Manufactured for the year

Beginning Raw Materials = $27,000

Purchase Of Raw Materials=$139,000

Total Raw Materials =$166,000

Ending Raw Materials=$13,000

Direct Raw Materials Used In Production = Total Raw Materials –Ending Raw Materials= 166,000-13,000= $153,000

Direct labor cost=$85,000

Manufacturing Overhead =140%X 153,000=$214,200

Total Manufacturing Costs=Direct Raw Materials+ Direct Labor cost+ Manufacturing Overhead

153,000+ 85,000+214,200=$452,200

Cost Of Goods Manufactured= Total Manufacturing Cost+ Work In Progress Beginng --Work In Progress End = $452,200+$46,000-$36,000= $462,200

d)Unadjusted cost of goods sold

Finished Goods at Begining Balance $71,000

Cost Of Goods Manufactured =$462,200

Cost of goods for sale=Finished Goods at Begining Balance + Cost Of Goods Manufactured = $533,200

Unadjusted cost of goods sold = cost of goods sold---ending balance of finished goods=$533,200- $56,000=$477,200

e) Assume that the $36,000 ending balance in Work in Process includes $8,000 of direct materials, find the manufacting overhead and direct labour.

i)Manufacturing overhead applied on the assumed direct materials= Direct materials cost x Predetermined overhead rate

= 8,000x 140% = $11,200

ii)Direct labour cost incurred on the assumed work in progress inventory balance= Total work in progress--Direct Materials-Manufacturing overhead

=$36,000-$8,000-$11,200 =$16,800

4 0

2 years ago

An investment project has annual cash inflows of $4,200, $5,300, $6,100, and $7,400, and a discount rate of 14 percent. If the i

Eva8 [605]

Answer:

An investment project has annual cash inflows of $4,200, $5,300, $6,100, and $7,400, and a discount rate of 14 percent. If the initial cost is $7,000, the discounted payback period for these cash flows is ___2_____ years. If the initial cost is $10,000, the discounted payback period for these cash flows is___3____years. If the initial cost is $13,000, the discounted payback period for these cash flows is__4_____years. (Round your answers to 2 decimal places. (e.g., 32.16))

Explanation:

a) Data and Calculations:

Annual cash inflows of

Cash Inflow Discount Factor PV Running Total

Year 1 $4,200 0.877 $3,683.40 $3,683.40

Year 2 $5,300 0.769 4,075.70 7,759.10

Year 3 $6,100 0.675 4,117.50 11,876.60

Year 4 $7,400 0.592 4,380.80 16,257.40

b) An investment project's discounted payback period is the number of years it takes for an investment to recover its costs. It is the period when the project's discounted cash inflows equals the project's discounted cash outflows. It is another version of the payback period that uses discounted cash flows.

3 0

1 year ago