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2 years ago

In recent years productivity has been declining globally. true or false

2 answers:

6 0

True. In recent years productivity has been declining globally. Trends have been studied and overtime, have shown that the overall productivity has been declining. Though managers and businesses have tried to change this, globally it's been tough and trends are still declining today.

Katarina [22]2 years ago

6 0

Answer:

True

Explanation:

According to recent years studies and statistics the productivity in general of the workers around the globe has been decreasing some peopl think that it has to do with the increase of hours worked in some places of the third world, others beieve that it is because of the crisis that has been happening for the past 10 years, but productivity has been declining lately.

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A one-time error in the application of the lower of cost or market/net realizable value (LCM/NRV) rule in the current period dis

Kipish [7]

Answer:

A one-time error in the application of the lower of cost or market/net realizable value (LCM/NRV) rule in the current period distorts financial results for the current accounting period:

a. only.

Explanation:

The lower of cost or market (LCM/NRV) method states that when valuing a company's inventory use the historical cost or the market value, whichever is lower. The historical cost refers to the cost at which the inventory was purchased. The market value is the current price. The implication is that while the historical cost remains static, the market value shifts over time.

Therefore, if there is a one-time error made in the use of the LCM/NRV rule, it only affects the current period. The next accounting period will restart the process of comparing the historical costs with the market value, thus obviating the need to repeat the error.

8 0

2 years ago

The following costs and inventory data were taken from the accounts of Simon Company for 2010:

kenny6666 [7]

Answer:

Part a

Direct Materials Schedule

Beginning Materials $ 8,000

Add Purchases $83,000

Less Ending Materials ($ 7,000)

Less Indirect materials ($4,000)

Direct Materials Used in Production $80,000

Part b

Overheads Incurred during the year

Factory rent 8,000

Factory utilities 10,000

Indirect materials 4,000

Indirect labor 6,000

Total Overheads $28,000

Part c

Cost of Goods Manufactured Schedule

Direct Materials $80,000

Direct labor $42,000

Overheads $28,000

Add Opening Work In Process $15,000

Less Closing Work In Process ($13,000)

Cost of Goods Manufactured $152,000

Part d

Cost of Goods Sold

Beginning Finished goods Inventory $16,000

Add Cost of Goods Manufactured $152,000

Less Ending Finished Goods Inventory ($12,000)

Cost of Goods Sold $156,000

Explanation:

The following steps must be done to reach the cost of goods sold :

Use the Manufacturing Cost Schedule to calculate the Cost of Goods Manufactured
Use the Finished Goods Inventory Account to calculate the Cost of Goods Sold.

See the calculations and schedules prepared above.

8 0

2 years ago

Students are going through a three-step process to obtain their ID cards.

IRINA_888 [86]

Answer:

The correct answer is both A and C

Explanation:

Solution

Given that:

The Process 1 Registration, Capacity = 0.5 registration per minute (1/2)

The Process 2 Cashier, Capacity = 1*3 / 10 = 3/10 = 0.3 payments per minute

The Process 3 , Photo ID, Capacity = 1*4 / 20 = 0.2 ID per minute

Now

The Time taken for process a unit is minimum of Demand rate / Lowest process capacity

so, the flow rate = 0.2 student per minute or 5 minute per student

Thus,

The total time = 20 * 5 = 100 minutes.

4 0

2 years ago

You have savings of $100. You plan to save another $100 at the beginning of each year for 5 years. The account pays annual inter

Brut [27]

Answer: The ending balance (principal plus interest) will be $638.10

Explanation:

To calculate this we need to use the Quarterly Interest formula

CI quarterly = P (1+ (R/4)/100)^4n

CI is the compound interest payable

I is the initial principal sum of money

R is the interest rate in percentage at which interest accrued over time

n is the time period in years

For the first year the total amount plus interests is

CI = $ 100 (1 + (8/4)/100)^4x1

CI = $100 (1 + 2/100)^4

CI= $100 (1 + 0.02)^4

CI = $100* 1.0824

CI = $108.24

For the second year = $100+ $108.24= $208.24

CI = $ 208.24 * 1.0824

CI = $225.41

For the third year = $100 + $ 225.41 = $325.41

CI = $325.41 * 1.0824

CI = $352.23

For the fourth year = $100 + $ $352.23 = $452.23

CI = $452.23 * 1.0824

CI = $ 489.51

For the fifth year = $100+ $489.51 = $589.51

CI = $589.51 * 1.0824

CI = $ 638.10

8 0

2 years ago

Thomas Textiles Corporation began November with a budget for 60,000 hours of production in the Weaving Department. The departmen

netineya [11]

Answer:

a) $12,500 unfavorable

b) 0

Explanation:

variable factory overhead controllable variance = actual variable overhead expense - (standard variable overhead per unit x standard number of units)

actual variable overhead expense = $725,000

standard variable overhead per unit = $712,500 / 60,000 = $11.875

standard number of units = 60,000

variable factory overhead controllable variance = $725,000 - $712,500 = $12,500 unfavorable

Controllable factory overhead is not related to any changes in the actual volume or quantity produced.

Fixed factory overhead volume variance = actual fixed overhead - standard fixed overhead = $262,500 - $262,500 = 0

Fixed overhead was exactly the same as the standard or budgeted overhead.

6 0

2 years ago