Answer:
Increase by $31,200
Explanation:
Retain Truck Replace Truck Net Increase
Sale price of old Truck $0 $32,200 $32,200
Cost of New Truck $0 -$132,000 -$132,000
Variable manuf. cost -$131,000 $0 $131,000
Net Income -$131,000 -$99,800 $31,200
The total increase in income by replacing the old Truck is $31,200.
Answer:
Confidence Interval is 139.04 - 142.96
Explanation:
The formula for a confidence interval is as follow:
Mean (Average price) +/- z-score x standard deviation / sqrt(n)
Formula Interpretation:
Mean = $141
z-score for 95% confidence interval = 1.96
standard deviation = $4
n = 16 --> sqrt (n) = 4
By using these inputs, we can calculate the confidence interval as follow:
141 +/- 1.96 x (4/4)
Confidence Interval is 139.04 - 142.96
Answer:
Direct Labor 574,000 Manufacturing Overhead 163,000 Wages Payable 737,000
Explanation:
The journal entry is shown below:
Work in process A/c Dr $574,000
Manufacturing overhead A/c Dr $163,000
To Wages payable A/c $737,000
(Being direct and the indirect cost is recorded)
For recording this given transaction, we debited the work in process account and manufacturing overhead account and credited the wages payable with the total amount
Answer:
Constituency
Explanation:
CSIRT stands for Computer Security Incident Response Team, they are a group of experts that are hired to handle all incidents that occurred within your computer system.
In CSIRT term, constituency refers to area of expertise that each members of the team possess along with division of responsibilities that they have within the team . Having wider range of constituency tend to make the team become more efficient and capable to handle different types of attacks to the system.
Answer: redesign its products to eliminate those features that might have market appeal, but would excessively increase production costs.
Explanation:
The main aim of every organization are typically cost minimization and profit maximization. If I wanted to advise a company on the kind of actions to take to perform value chain activities more cost effectively, I'll tell them to improve their supply chain efficiency as well as use economies of scale and effective utilization of its resources.
Therefore, redesigning its products to eliminate those features that might have market appeal, but would excessively increase production costs is wrong as this will only lead to increase in cost.
