A manufacturer produces two types of computer software, Word processing (W) and Spreadsheet (S), which is offered to two different retail outlets (#1 and #2). The following table shows the maximum price each retail outlet is willing to pay for each individual software product.
Product W Product S
Retail #1 $170 $105
Retail #2 $95 $135
What is the optimal pricing strategy that will maximize revenue for the manufacturer, given the maximum the retail outlets are willing to pay?
a. Bundle both products (W and S) and sell them at $275.
b. Price product W at $95 and Product S at $105.
c. Price product W at $170 and Product S at $170.
d. Price product W at $170 and Product S at $135.
e. Bundle both products (W and S) and sell them at $230.

Answers

Answer 1

Answer:

e. Bundle both products (W and S) and sell them at $230.

Explanation:

Calculation to determine the optimal pricing strategy that will maximize revenue for the manufacturer

Using this formula

Optimal pricing=Retail #2 Product W+ Retail #2 Product S

Let plug in the formula

Optimal pricing=$95+$135

Optimal pricing=$230

Therefore based on the above calculation the OPTIMAL PRICING STRATEGY that will MAXIMIZE REVENUE for the manufacturer, given the MAXIMUM the retail outlets are willing to pay will be to BUNDLE BOTH PRODUCTS (W and S) AND SELL THEM AT $230.


Related Questions

If Fees Earned has been credited, it is most likely that:
A. a correcting entry for the overstatement of revenue was recorded. B. a customer paid in advance
C. services were provided.
D. the owner made an investment.​

Answers

Answer:

C. services were provided.

Explanation:

If Fees Earned has been credited, it is most likely that: "services were provided."

For fees to be earned it means something must have been done in exchange for the fee. Considering this is a business-related issue, then it is correct to conclude that "If Fees Earned has been credited, it is most likely that: services were provided."

Option A is not correct because the overstatement of revenue is not related to the fee warmed being credited.

Option B is not correct, because a payment made in advance does not correlate to a fee earned. Option D is not correct as well, because an investment has nothing to do with a few earned.

Martha B's has total assets of $1,810. These assets are expected to increase in value to either $1,900 or $2,400 by next year. The company has a pure discount bond outstanding with a face value of $2,000. This bond matures in one year. Currently, U.S. Treasury bills are yielding 5.5 percent. What is the value of the equity in this firm

Answers

Answer:

$7.24

Explanation:

PV at the risk free rate = $1,900 / (1 + 0.055)

PV at the risk free rate = $1,900 / 1.055

PV at the risk free rate = $1,800.95

Number of options needed = (2,400 - 1,900) / (400 - 0)

Number of options needed = 500 / 400

Number of options needed = 1.25

Total assets = (No of options needed*Value of equity) +  Present value at the risk free rate. Let Value of equity be C0

$1,810 = (1.25*C0) + $1,800.95

$1,810 - $1,800.95 = 1.25*C0

C0 = $9.05 / 1.25

C0 = $7.24

So, the Value of equity in this firm is $7.24.

The Allowance for Bad Debts account had a balance of $10,600 at the beginning of the year and $12,200 at the end of the year. During the year (including the year-end adjustment), bad debts expense of $18,800 was recognized.
Required:
Calculate the total amount of past-due accounts receivable that were written off as uncollectible during the year. (Hint: Make a T-account for the Allowance for Bad Debts account, plug in the amounts that you know, and solve for the missing amount.)
Bad debt write-offs _________

Answers

Answer:

Written off = $17,200

Explanation:

                               Allowance for Bad Debt Account

Debtors (Write off) (Bal. fig)  $17,200     Beginning Bal.         $10,600

                                                                 Bad debt expense  $18,800

Ending Balance                     $12,200

Thus, the total amount of past-due accounts receivable that were written off as uncollectible during the year is $17,200.

Your review of the ledger reveals that each account has a normal balance. You also discover the following errors. 1. The totals of the debit sides of Prepaid Insurance, Accounts Payable, and Utilities Expense were each understated $100. 2. Transposition errors were made in Accounts Receivable and Service Revenue. Based on postings made, the correct balances were $2,570 and $8,960, respectively. 3. A debit posting to Salaries and Wages Expense of $200 was omitted. 4. A $1,600 cash dividend was debited to Common Stock for $1,600 and credited to Cash for $1,600. 5. A $450 purchase of supplies on account was debited to Equipment for $450 and credited to Cash for $450. 6. A cash payment of $530 for advertising was debited to Advertising Expense for $53 and credited to Cash for $53. 7. A collection from a customer for $540 was debited to Cash for $540 and credited to Accounts Payable for $540. Prepare a correct trial balance. (Hint: It helps to prepare the correct journal entry for the transaction described and compare it to the mistake made.)

Answers

Answer:

Debit side $29,660

Credit side $29,660

Explanation:

Preparation of a correct trial balance

DOMINIC COMPANY

Corrected Trial Balance May 31, 2015

DEBIT SIDE

Cash $5,023

($5,050 +$450 - $477)

($530-$53=$477)

Accounts Receivable $2,030

($2,570 - $540)

Prepaid Insurance $930

($830 + $100)

Supplies $450

Equipment $12,750

($13,200 - $450)

Salaries and Wages Expense $4,530

($4,330 + $200)

Advertising Expense $1,447

($970 + $477)

($530-$53=$477)

Utilities Expense $900

($800 + $100)

Dividends $1,600

TOTAL $29,660

CREDIT SIDE

Accounts Payable $5,510

($5,700 - $100 + $450 - $540)

Unearned Service Revenue $690

Common Stock $14,500

($12,900 + $1,600)

Service Revenue $8,960

TOTAL $29,660

Therefore the CORRECTED TRIAL BALANCE will be:

Debit side $29,660

Credit side $29,660

Bush Company reported net income of $60,000 for the year. During the year, accounts receivable decreased by $8,000, accounts payable increased by $4,000 and depreciation expense of $5,000 was recorded. Net cash provided by operating activities for the year is Group of answer choices

Answers

Answer:

Net income from operating activities = $77000

Explanation:

Below is the calculation for Net income from operating activities:

Given the net income = $60000

Decrease in accounts receivable = $8000

Increase in accounts payable = $4000

Depreciation = $5000

Add the values in the net income in order to get the net income from operating activities.

Net income from operating activities = 60000 + 8000 + 4000 + 5000

Net Income from operating activities = $77000

Barth Company reports the following year-end account balances at December 31, 2016. Prepare the 2016 income statement and the balance sheet as of December 31, 2016.

Accounts payable $16,000    Inventory $36,000
Accounts receivable 30,000    Land 80,000
Bonds payable, long-term 200,000    Goodwill 8,000
Buildings 151,000    Retained earnings 160,000
Cash 148,000    Sales revenue 500,000
Common stock 150,000    Supplies inventory 3,000
Cost of goods sold 180,000    Supplies expense 6,000
Equipment 70,000    Wages expense 40,000

Answers

Answer and Explanation:

The preparation of the income statement and the balance sheet is presented below

Income statement

REVENUE  

Sales     $500,000

Less: EXPENSES  

Cost of goods sold ($180,000)  

Supplies expenses ($6,000)  

Wages expenses ($40,000)  

Total expenses ($226,000)

Net income $274,000

Balance sheet :

Assets      Amount              Liabilities & stockholder equity   Amount  

Cash            $148,000            Account payable                            $16,000

Account receivable $30,000  Bonds payable, long term             $200,000

Supplies      $3,000  

Inventory     $36,000                  Total liabilities                              $216,000

Total current assets $217,000    Common stock                           $150,000

Land               $80,000                  Retained earnings                     $160,000

Building          $151,000  

Equipment     $70,000  

Goodwill         $8,000  

Total assets    $526,000          Total liabilities and equity             $526,000

Twenty-five percent of the company's sales are for cash and 75% are on account. Collections for sales on account follow a stable pattern as follows: 50% of a month's credit sales are collected in the month of sale, 30% are collected in the month following sale, and 15% are collected in the second month following sale. The remainder are uncollectible. Given these data, cash collections for December should be:

Answers

Answer: $136,375

Explanation:

Going by the collections pattern of the company, there will be collections for 3 months in December being October, November and December.

December collections will be:

= (50% * December credit sales) + (30% * November Credit sales) + (15% * October credit sales) + December cash sales

December credit sales = 75% * 130,000 = $97,500

November credit sales = 75% * 170,000 = $127,500

October credit sales = 75% * 150,000 = $112,500

December collections are:

= (50% * 97,500) + (30% * 127,500) + (15% * 112,500) + (25% * 130,000)

= $136,375

Equipment acquired on January 6 at a cost of $375,000 has an estimated useful life of 20 years
and an estimated residual value of $25,000.
A. What was the annual amount of depreciation for the Years 1-3 using the straight-line method
of depreciation?
B. What was the book value of the equipment on January 1 of Year 4?
C. Assuming that the equipment was sold on January 3 of Year 4 for $300,000, journalize the
entry to record the sale.
D. Assuming that the equipment had been sold on January 3 of Year 4 for $325,000 instead
of $300,000, journalize the entry to record the sale.

Answers

Answer:

A. Year 1 $17,500

Year 2 $17,500

Year 3 $17,500

B. $322,500

C. Dr Cash $300,000

Dr Accumulated Depreciation-Equipment $52,500

Dr Loss on disposal of Equipment $22,500

Cr Equipment $375,000

D. Dr Cash $325,000

Dr Accumulated Depreciation-Equipment $52,500

Cr Equipment $375,000

Cr Gain on disposal of Equipment $2,500

Explanation:

A. Calculation to determine What was the annual amount of depreciation for the Years 1-3 using the straight-line method of depreciation

Year 1 Depreciation expense Year 1=($375,000-$25,000)/20 years

Year 1 Depreciation expense Year=$17,500

Year 2 Depreciation expense Year=($375,000-$25,000)/20 years

Year 2 Depreciation expense Year=$17,500

Year 3 Depreciation expense Year=($375,000-$25,000)/20 years

Year 3 Depreciation expense Year=$17,500

Therefore the annual amount of depreciation for the Years 1-3 using the straight-line method of depreciation is :

Year 1 $17,500

Year 2 $17,500

Year 3 $17,500

B. Calculation to determine What was the book value of the equipment on January 1 of Year 4

Book value of Equipment=[$375,000-($17,500*3)]

Book value of Equipment=[$375,000-$52,500)

Book value of Equipment=$322,500

Therefore the book value of the equipment on January 1 of Year 4 is $322,500

C. Preparation of the journal entry to record the sale.

Jan. 3

Dr Cash $300,000

Accumulated Depreciation-Equipment $52,500

($17,500*3)

Dr Loss on disposal of Equipment $22,500

($322,500-$300,000)

Cr Equipment $375,000

(To record sales)

D. Preparation of the journal entry to record the sale.

Jan. 3

Dr Cash $325,000

Dr Accumulated Depreciation-Equipment $52,500

($17,500*3)

Cr Equipment $375,000

Cr Gain on disposal of Equipment $2,500

($325,000+$52,500-$375,000)

(To record sales)

Signature Appliance Group decided to remove the grill unit from the ovens it sells in South America after customers complained they preferred to grill outside and would never use this feature. Which environmental force caused the company to change its product

Answers

Answer:

Signature Appliance Group

The environmental force that caused the company to change its product features is:

the Social and Cultural Environment.

Explanation:

The Social and Cultural Environment refers to the changing needs of customers in South America as a result of the values, attitudes, and preferred styles of consumers. These are always in a state of flux every year.  Since customers preferred to grill outside rather than inside their kitchens, adding the grill unit in the ovens that the company sells in South America will not enable customers to choose its ovens over competitors'.  To respond to the stated needs of its customers, the grill must be removed, thereby reducing the cost of the ovens.

At the fourth and final resource, one operator handles the product. No quality problems exist at this step and the processing time is 12 minutes per unit. For every unit of demand, how many units have to flow through the second step in the process

Answers

Answer:

2.25 units.

Explanation:

Processing time is 5 minutes per unit for step 1. The total capacity is 60 minutes then no. of units produced can be;

60 / 5 = 12 units per hour.

For second step processing time is 4 minutes per unit. There is 0.85 unit of product is scrapped. Then no. of units produced per hour can be ;

60 / 4 = 15 units per hour.

After scrap the net product units per hour will be;

15 units * [1 - 0.85] = 2.25 units per hour.

Sales $7,270,000 Gross profit $ 1,450,000 Indirect labor $330,000 Indirect materials $195,000 Other factory overhead $90,000 Materials purchased $5,100,000 Total manufacturing costs for the period $6,170,000 Materials inventory end of the period $ 480,000 how much direct material cost

Answers

Answer:

$5,775,000

Explanation:

Direct materials cost = Materials purchased + Indirect materials + Materials inventory, end of the period

Direct materials cost = $5,100,000 + $195,000 + $480,000

Direct materials cost = $5,775,000

So, the amount of the direct material cost is $5,775,000.

We should always show the mean, mode and median when reporting analysis graphics.
Select one:
O True
O False

Answers

Answer:

answer: true

Explanation:

hope it helps thanks

i believe it’s true i might not be right

Risk assessment is a process A. That assesses the quality of internal control throughout the year. B. That establishes policies and procedures to accomplish internal control objectives. C. Designed to identify potential events that may affect the entity. D. Of identifying and capturing information in a timely fashion.

Answers

Answer:

C. Designed to identify potential events that may affect the entity.

Explanation:

Risk assessment means the total method in which the hazard or the factors related to the risk that result in damage or harm something. It could be analyzed and evaluated with the analysis of the risk and the evaluation of the risk.

It is to be designed in order to identify the events that could impact the entity

Therefore the option c is correct

Demonstrate the principles of health care finance for revenue management through the intended application of cost reporting and variances.

Answers

Solution :

Integration of all the processes:

Some integrated software system should be adopted where all the details about each patient along with the every billing and the payment details would help in keeping the track of the revenue.

Claims and billing management :

All the claims happened through some of the individuals or the company policies or the billing processes that take place to be accounted for the EHR system that can reduce the delays and also improve the effectiveness of the revenue management.

Documentation:

All the transactions should be documented, so there there are less chances for any error to occur.

Garida Co. is considering an investment that will have the following sales, variable costs, and fixed operating costs:
Year 1 Year 2 Year 3 Year 4
Unit sales 4,200 4,100 4,300 4,400
Sales price $29.82 $30.00 $30.31 $33.19
Variable cost per unit $12.15 $13.45 $14.02 $14.55
Fixed operating costs $41,000 $41,670 $41,890 $40,100
This project will require an investment of $10,000 in new equipment. Under the new tax law, the equipment is eligible for 100% bonus deprecation at t = 0, so it will be fully depreciated at the time of purchase. The equipment will have no salvage value at the end of the project’s four-year life. Garida pays a constant tax rate of 25%, and it has a weighted average cost of capital (WACC) of 11%. Determine what the project’s net present value (NPV) would be under the new tax law.
Determine what the project’s net present value (NPV) would be under the new tax law.
a) $80,438
b) $67,032
c) $77,087
d) $60,329

Answers

Answer:

Garida Co.

The project's net present value (NPV) is:

= $57,787

Explanation:

a) Data and Calculations:

                                           Year 1       Year 2      Year 3      Year 4

Unit sales                           4,200         4,100       4,300        4,400

Sales price                       $29.82     $30.00      $30.31       $33.19

Variable cost per unit       $12.15      $13.45      $14.02       $14.55

Fixed operating costs   $41,000    $41,670    $41,890    $40,100

                                          Year 1        Year 2      Year 3        Year 4

Sales Revenue              $125,244   $123,000  $130,333   $146,036

Variable costs                  $51,030     $55,145   $60,286    $64,020

Fixed operating costs     $41,000     $41,670     $41,890     $40,100

Total costs                      $92,030     $96,815   $102,176    $104,120

Income before tax          $23,214      $26,185    $28,157      $41,916

Income tax (25%)               5,804          6,546       7,039        10,479

Net income/cash inflow  $17,410      $19,639     $21,118      $31,437

PV factor                           0.901          0.812          0.731        0.659

Present value                $15,686      $15,947    $15,437      $20,717

Total present value of the cash inflows = $67,787

Less investment cost of equipment =         10,000

Project's net present value (NPV) =          $57,787

Carter Containers sold marketable securities, land, and common stock for $37.0 million, $13.0 million, and $35.0 million, respectively. Carter also purchased treasury stock, equipment, and a patent for $23.0 million, $23.0 million, and $10.2 million, respectively.
What amount should Carter report as net cash from investing activities? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).)

Answers

Answer:

$16.8 million

Explanation:

Calculation to determine What amount should Carter report as net cash from investing activities

($ in millions)

Cash Flows from Investing Activities:

Proceeds from sale of marketable securities $37

Proceeds from sale of land $13

Less Purchase of equipment for cash ($23)

Less Purchase of patent for cash($10.2)

Net cash inflows (outflows) from investing activities $16.8

Therefore the amount that Carter should report as net cash from investing activities is $16.8 million

A high Power Distance Index score implies that the people who hold power in a country are entitled to privileges.

a. True
b. False

Answers

Answer:

a. True

Explanation:

The Power-Distance Index refers to the relationship and interaction between a high ranking individual and a low ranking individual. The index depends on how a low ranking individual reacts to a high ranking individual.

It measures the degree where the members of a  society or group accepts the hierarchy of the power and the authority.

Thus according to the high power distance index score, individuals with high power are entitled to number of privileges in a country or in society.

Hence the answer is TRUE.

Danielle has loaned $500 to Richard at a 4% annual rate of interest for one year. If the inflation rate is constant at 7% for the entire term of the loan, how much purchasing power is lost after Richard repays the loan in full

Answers

Answer:

$15

Explanation:

In order to calculate the purchasing power lost the following formulae will be used:

Purchasing power lost = Loaned amount * (inflation rate - nominal rate)

Purchasing power lost = $500 * (0.07 - 0.04)

Purchasing power lost = $500 * 0.03

Purchasing power lost = $15

Hence, the purchasing power lost after Richard repays the loan in full is $15.

Differentiate between an active partner and sleeping partner?

Answers

Answer:

active partners are involved in daily running of the business.

sleeping partner are not involved in daily running of the business

Explanation:

Active partners are always involved in management while sleeping partners are not and mostly consists of financing not the business.

An increase in the demand for lobster due to changes in consumer tastes, accompanied by a decrease in the supply of lobster as a result bad weather reducing the number of fishermen trapping lobster, will result in:

Answers

Answer:

an increase in price and an indeterminate increase in equilibrium quantity

Explanation:

Increase in demand leads to an outward shift of the demand curve. As a result equilibrium price and quantity increases

A decrease in supply leads to an inward shift of the supply curve

A dispute between labor and management at an automobile production plant has effectively stopped production for 2 months and has cost the company a tremendous amount of money. Despite the use of third parties, neither side can agree on a solution, but they do agree that the dispute must be settled soon. How should this dispute at this stage be settled

Answers

Answer:

Arbitration

Explanation:

The arbitration process seems to be the best way to make the settlement process happen in this case. The arbitration process will be between labor and management as an impartial third party (arbitrator or arbitral tribunal) takes charge of the process. Once both parties have agreed to arbitraueb, the arbitrator then proffers powerful ways of ensuring dispute resolution in such a way that a mutual agreement is reached by both labor and management. Even though proferred solution shouldn't be compulsorily adopted by the conflicting parties.

Durable goods $3,000
Services $6,000
Business purchases of capital goods $400
Fixed investment $850
Exports $600
Imports $800
Nondurable goods $700
Inventory investment $200
Government transfer payments $100
Purchases of new residential housing $450
Government purchases $900

GDP is equal to:_______

a. $14,000
b. $11,550
c. $11,450
d. $8,600
e. $13,050

Answers

Answer:

c. $11,450

Explanation:

GDP = Consumption (C) + Investment (I) + Government Expenditure (G) + Net Export (NX)

GDP = [Non durable goods+Durable goods+Services] + [Fixed investment+Inventory investment] + Government purchase + [Export-Import]

GDP = [$700+$3000+$6000] + [$850+$200] + $900 + [$600-$800]

GDP = $9700 + $1050 + $900 - $200

GDP = $11,450

Please research employment opportunities in the accounting field and provide insight into the relevance and usefulness of Excel in relation to the job title/description. Please explain how a potential candidate could leverage the functionality of Excel to make their every-day tasks efficient, effective and accurate.

Answers

Answer:

Following are the responses to the given question:

Explanation:

The progress throughout the financial sector does not take a confined path. One can move to more responsible roles when you're on the broad route to changing industries, receiving certificates, or switching disciplines — without even being derailed. Select from the range of staff inside the broad fields of public accountancy. You could be a lead financial official or a partner in a company of qualified checksum. A height of your career.

Although the accounting foundation is founded upon consistent accounting practices, the accountants can apply this theory in many various ways.

Employment accounts governmental and non-profit:

Accounting FundJobs of IRS

Public Accounting Jobs:

Estimated CostForensic Accountable Enrolled AgentImmobilien AssessorAccountant TaxationFiscal ProsecutorsPreparing tax

Jobs in private accounting:

Clerk of AccountingPayable/Deputy Clerk AccountsSystem Accounting SpecialistActuarial accountant/accountant insuranceBookkeepingAnalyst for the budgetAccountant of capitalFinancial Controller/Control OfficeAccountant costsMeasurement of environmental accountant/sustainabilityAccountant payroll

Fiscal Services:

Specialist in Business ValuationCertificated Financial PlannerFiscal AnalystAdvisor on taxes

Accounts only include the cash that can be represented financially. Some individuals call accountancy "the language of business," as well as its objective is to allow accountancy users to make better choices

This included many tasks performed by the CPAs for its clients:

Asset records collection and maintenanceAssess banking transactions and make key management for optimum financial practicesReviewing accounting system and financial accounting to verify that they are effective and conform with approved accounting standards and proceduresTax documents and related tasks

Heavy use of long-term debt can be of benefit to a firm to help expand, although it adds to the firm's overall level of risk.
A. True
B. False.

Answers

Answer:

A

Explanation:

Long term debt is debt that has a maturity that is longer than a year.

The higher the use of debt, the higher the risk a firm takes on. This is because the greater the use of debt, the higher the chances of the firm defaulting on debt.

firms that use a high amount of debt, have an higher beta. As a result of the higher beta, the required return is also higher.

use of long-term debt provides firms with the necessary cash flows that would be needed to carry out necessary projects. Thus, it benefits a firm by helping it expand

5. What is the purpose of a Job Cost Sheet? What type of information is included in one?

Answers

Answer:

The purpose of a job cost sheet is to record the various costs that went into the manufacturing of a product or the provision of a service. This will enable the company know how much the process cost so that the company can understand the cost of the product better and make informed decisions based on this.

The information generally included in a job cost sheet include:

Direct labor hours Direct materials used and their costMaterial requisition number Manufacturing overhead rate and the basis (eg labor hours or machine hours).Total cost of production.

A company uses the weighted average method for inventory costing . At the beginning of a period the production department had units in beginning Work in Process inventory which were 33 % complete the department completed and transferred 168,000 units . At the end of the period units were in the ending Work in Process inventory and are 68 % complete . Compute the number of equivalent units produced by the department .

Answers

Answer

a. 178,200 units

Explanation:

Comple question "A company uses the weighted average method for inventory costing. During a period, a production department had 54,000 units in beginning goods in process inventory which were 33% complete; the department completed and transferred 168,000 units. At the end of the period, 15,000 units were in the ending goods in process inventory and are 68% complete. Compute the number of equivalent units produced by the department. 178,200. 186,320. 183,000. 168,000. 114,000."

Calculation of Equivalent Unit (as per Weighted Method)  

                                                                Unit      % of Completion  Equ. Unit

Unit Completed & Transferred Out    168,000            100%            168,000

Closing WIP                                          15,000               68%             10,200

Total Equivalent Unit                                                                         178,200

Operating Cash Flows (Direct Method)
Refer to the information in Exercise EB-31. Calculate the net cash flow from operating activities using the direct method. Show a related cash flow for each revenue and expense.

Answers

Answer:

The method to calculate Cash Flow from Direct Method is explained as follows:

Explanation:

The method to calculate Cash Flow from Direct Method is explained as follows:

Cash Flows

Direct Method

+ Cash received from Customer

- Cash paid to suppliers

- Cash payments for operating expenses

- Cash payments for interest

- Cash payments for taxes

= Net Cash flow from Operating Activities.

Taveras Corporation is currently operating at 50% of its available manufacturing capacity. It uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates: Machine-hours required to support estimated production 200,000 Fixed manufacturing overhead cost $ 2,800,000 Variable manufacturing overhead cost per machine-hour $ 2.00 Required: 1. Compute the plantwide predetermined overhead rate. 2. During the year, Job P90 was started, completed, and sold to the customer for $3,200. The following information was available with respect to this job: Direct materials $ 1,472 Direct labor cost $ 1,056 Machine-hours used 79 Compute the total manufacturing cost assigned to Job P90.

Answers

Answer:

the  total manufacturing cost assigned to Job P90 is $3,792

Explanation:

The computation of the  total manufacturing cost assigned to Job P90 is given below:

But before that the predetermined overhead rate should be calculated

So,

= ($2,800,000 ÷ 200,000) + $2

= $16

Now the total manufacturing cost is

= $1,472 + $1,056 + 79 × $16

= $3,792

hence, the  total manufacturing cost assigned to Job P90 is $3,792

Proponents of the LIFO inventory cost flow assumption argue that this costing method is superior to the alternatives because it results in better matching of revenue and expense. The recent purchase costs to the Cost of Goods Sold account results in better matching of revenue and expense.

a. True
b. False

Answers

Answer: True

Explanation:

The assumption of the LIFO method is that the most recent goods which are added to the inventory of a company have been sold first.

This brings about a better matching of the cost incurred and the revenue since the most recent products added are the ones which are then sold first. Therefore, the correct option is True.

What is the customer's goal?

Answers

Answer:

The key aspect of any business, company, or employer is customer service goals.

Explanation:

A customer service department and the staff represent the company and contribute to building the company's public perception. Customer service objectives are specific objectives and guidelines put in place by an enterprise to ensure that every client is 100% satisfied with the services provided by the enterprise. Excellent customer service means that every customer's needs and desires can be met promptly. A customer should never get away with a company or leave a place unhappy.

Improve customer service measurement

Customers goals :

Easy to get in touch with customersResponse times acceleratedImprove customer service measurementFind ways to create an all-round experience for our customersDevelop a loyalty program for clientsCreate a culture that focuses on customersDevelop a strategy for customer surveysTake the customer success account into accountGet customer renovation and up-sell creative
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