Kartman Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 6.5 pounds $ 7.00 per pound $ 45.50 Direct labor 0.6 hours $ 24.00 per hour $ 14.40 Variable overhead 0.6 hours $ 4.00 per hour $ 2.40 In June the company's budgeted production was 3,400 units but the actual production was 3,500 units. The company used 22,150 pounds of the direct material and 2,290 direct labor-hours to produce this output. During the month, the company purchased 25,400 pounds of the direct material at a cost of $170,180. The actual direct labor cost was $57,021 and the actual variable overhead cost was $8,931. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The labor efficiency variance for June is:

Answer:

C. The firm likes its workers and doesn’t want to replace some jobs with machinery.

Explanation:

Optimal level of capital simply refers to an ideal strategy used by a firm to raise capital. For example, a firm may decide between debt financing or equity financing, depending on the company's desired level of capital.

So, an already operational firm with that likes its workers and doesn’t want to replace some jobs with machinery has no direct relationship with its level of capital.

Answer:

Total recruitment cost = $316.5

Explanation:

Note:

Given question is incomplete,

The number of employees = 5,000

Given:

Turnover rate for this year = 6.33%

Find:

Total recruitment cost

Computation:

Total recruitment cost = Turnover rate for this year × The number of employees

Total recruitment cost = 5,000 × 6.33%

Total recruitment cost = $316.5

The total recruiting cost will be $316.5 for Digby.

Given information

Assumed the number of employees is 5,000

Turnover rate for this year = 6.33%

Total recruitment cost = Turnover rate for this year * The number of employees

Total recruitment cost = 5,000 *  6.33%

Total recruitment cost = $316.5

Therefore, the total recruiting cost will be $316.5 for Digby.

See similar solution here

brainly.com/question/17092501

Answer:

PV= $61,759.80

Explanation:

Giving the following information:

Future value (FV)= $83,000

Number of years (n)= 10 years

Interest rate (i)= 3% compounded annually

To calculate the initial deposit, we need to use the following formula:

PV= FV/(1+i)^n

PV= 83,000 / (1.03^10)

PV= $61,759.80

Answer: The minimizing the imbalance in the workloads among workstations.

Explanation:

Workspace can inspire informal and productive encounters if it balances what three physical and social aspects.

Answer: Analyse cost, risk with impacts and project benefits.

Explanation:

The best alternative in a cost-benefit analysis situation are the following;

•The cost types should be analyzed

•Potential risk and their impacts should be looking into

•It is recommended to weigh all the risk even when there is a lot of project benefits.

Answer:

a) Defects Per Million Opportunity

Explanation:

DPMO is an acronym which stands for Defects Per Million Opportunity. Defects per Million Opportunities refers to a standard metric which represents the number of defects in a process per one million opportunities.

In order to calculate the DPMO, we divide the number of defects by the number of opportunities and then multiply by a million.

Additionally, when a quality characteristics or properties do not tally with a standard or specifications it is generally referred to as a defect.

Hence, in a six sigma approach to quality or level of performance, the defects per million opportunities (DPMO) is 3.4.

Answer:

industrial products

Explanation:

A company that does this and mostly favors a push strategy is usually selling industrial products. That is because a push strategy focuses on taking the product to the potential customer and showing them how it works as well as how it can benefit them, therefore pushing the product on them. Industrial Products are great for such a strategy since they require actual demonstration and can easily show the potential customer the actual value that the product can provide.

Answer:

1-A. Sales budget

                                   1st             2nd             3rd             4th

                             Quarter     Quarter       Quarter       Quarter        Year

Sales units              12,200      13,200        15,200         14,200    54,800

Price per unit           $21             $21             $21             $21           $21

Total sales          $256,200  $277,200   $319,200   $298,200   $1,150,800

1-B. Cash collections budget

                                   1st             2nd             3rd             4th

                             Quarter     Quarter       Quarter       Quarter        Year

Collections from  $72,600    $76,860     $83,160      $95,760   $72,600

previous quarter  

Collections from $166,530  $180,180  $207,480  $193,830  $1,003,900

current quarter  

Total                    $239,130  $257,040  $290,640 $289,690  $1,076,500

2. Productions budget

                                   1st             2nd             3rd             4th

                             Quarter     Quarter       Quarter       Quarter        Year

Sales units              12,200      13,200        15,200         14,200    54,800

Planned ending       2,640       3,040          2,840          2,640       2,640

inventory

Total production     14,840      16,240        18,040         16,840    65,960

required

- Beginning              2,440        2,640         3,040           2,840       2,440

inventory

Units to be              12,400      13,600        15,000         14,000     63,520

produced

Answer:

sells budget

Explanation:

Answer:

A. Involve businesses developing attractive electronic marketplaces to entice customers and sell products and services to consumers.

Explanation:

The Business to Consumer (B2C) sales strategy corresponds to a type of sale aimed at the final consumer. This sale takes place at retail, and occurs according to the consumer purchase decision process, which identifies their needs, judges the options according to their preferences and desires and finally chooses the option that best suits their search for a particular product or service.

Therefore, in the B2C strategy, retail companies have as main objective to create in the consumer the desire for a purchase, so the most appropriate option for this issue is that developing attractive electronic markets will help the company to attract customers and sell products and services to consumers.

Answer: B. Jobs can be mastered quickly.

Explanation:

Job specialization is when the employees in an organization focuses and concentrates on one particular aspect in a organization. Specialization makes employees more efficient and also effective at their role.

Also, jobs can be mastered quickly since the employees typically focuses on one particular aspect in the organization.

Answer:

Total Quality Management

Explanation:

Total Quality Management is an approach in which all the employees of the company work to improve the entire process to offer a good customer experience. According to this, the answer is that the term that means managing the entire organization so that it excels on all dimensions of products and services that are important to customers is Total Quality Management.

Answer:

So, from every $1 of total assets, $1.08 worth of sales are generated.

Explanation:

To calculate how many dollars worth of sales are generated by $1 of total assets, we use the total assets turnover ratio. It is an accounting measure that measures the efficiency of the company's assets in generating sales. It calculates the dollar values of sales generated by each $1 of total assets. The formula for total assets turnover is,

Total Assets Turnover = Sales / Average Total Assets

We already know the level of sales. We need to determine the value of total assets first.

Total Assets = Fixed assets + Current Assets

As we know that net working capital = current assets - current liabilities,

So, the current assets are,

2715 = Current assets - 3908

2715 + 3908 = Current assets

Current assets = $6623

Total assets = 6623 + 22407

Total assets = $29030

Total Assets Turnover = 31350 / 29030

Total assets turnover = 1.0799 rounded off to 1.08

So, from every $1 of total assets, $1.08 worth of sales are generated.

Answer:

Explanation:

To learn more about IT careers or just carriers in general, one can contact the Career counselor at school. Their job is to help students find out more abut careers so that they know which path they would like to follow.

One can also attend information sessions where they can listen to people speak on IT careers and ask questions they would like answers to as well.

A practical way to find out about IT careers is to intern at an IT firm. This way you get to see first hand what the job entails and if it is the kind of thing you would like to do.

There are also professional organizations that offer certifications in IT such as CompTIA. As they are well versed in the area, they can provide more information on IT careers including the educational background required.

Answer:

1. Scheduling an appointment with a career counselor at school.

2. Attending an informational session.

3. Applying for an internship

5. Contacting a professional organization, such as CompTIA.

Explanation: This is the correct answer on Edge 2021, just did the assignment. Hope this helps ^-^.

Answer:

No,  as the net present value comes in negative

Explanation:

As we know that

Net present value = Present value of cash inflows - Initial investment

where,

Present value os $163,000

And, the initial investment is $180,000

Now placing these values to the above formula

So, the net present value is

= $163,000 - $180,000

= -$17,000

Therefore the company should not accept the project as net present value is in negative that is -$17,000

Answer:

The economic growth will be lower.

Explanation:

The rise in pollution and the doubling of the rate of depreciation will affect economic growth adversely. However, rapid wear and tear of capital will cost the person and it will reduce the purchasing power. Thus, lower purchasing power will result in lower economic growth. Moreover, pollution creates three main problems that are reduced labor productivity, rise in health problems, and loss of crop yield. So the reduction in all these factors will also slow down economic growth.

Answer:

Pick-up Later:

Set a pickup date

Process the transaction

Place all the items in the pickup area near the front of the store

Place a note on the items indicating they are sold.

Explanation:

The purpose of the above procedure is to enable the customer to take delivery of purchased goods hitch-free.  The pick-up area needs to be covered against rain so that the mulch and topsoil do not degrade.  It is assumed that the customer's contact information and payment have been secured before the arrangement for pick-up later.

Answer: budget deficit

Explanation:

From the question, we are informed that the total spending for the federal government of Lilliput for the last fiscal year was $1.06 billion and that the country collected $1.05 billion in taxes during this same fiscal year.

Since the expenditure of $1.06 billion is more than the revenue of $1.05 billion, this show that there was a budget deficit.

Answer:

Calculation of variable overhead controllable variance

Standard hours allowed for 10,000 computers = 14,000 hours

Budgeted variable expense = Standard hours allowed * variable overhead rate

= 14,000 * ($25 - $6)

= $266,000

Variable overhead controllable variance = Actual variable overhead expense - Budgeted variable overhead expense

= $262,000 - $266,000

=$4,000 (Unfavorable)

Calculation of fixed overhead volume variance:

Applied overhead = Number of computers produced * Fixed overhead rate

= 10,000 * $6.00

= $60,000

Budgeted fixed overhead = $90,000

Fixed overhead volume variance = Budgeted fixed overhead - Applied fixed overhead

 = $90,000 - $60,000

= $30,000 (Favorable)

Calculation of Total factory overhead volume variance:

Total factory overhead cost variance = Variable overhead controllable variance + Fixed overhead volume variance

= - $4,000 + $30,000

= $26,000 (Favorable)

Answer:

When the Fed raises the federal funds rate, the inflation rate decreases about two years later.

Explanation:

When trying to stimulate the economy either by increasing or decreasing, policymakers have to take into consideration how it would effect interest rate, amount of money available in the economy, loans that would be acquired by banks and the behavior of interest rate.

Interest rate can be impacted quickly even though the period of time it would take for such action to have a reflection on what quantity of money is available in the economy. Then also a period of 2 years would be taken for this action to take effect on inflation.

Therefore

When the Fed raises the federal funds rate, the inflation rate decreases about two years later.

Answer:

The answer is below

Explanation:

Decision Tree Analysis is a form or type of quantitative risk assessment tool and techniques that involves a diagram that indicates the significances of choosing one or other alternatives.

In other words, the purpose of the tool is to assist you to select between several courses of action.

For example, lines are drawn towards the right for each possible solution, and then the solution is written along the line. Then evaluation of each alternative can be easily considered.

On the other hand, Monte Carlo Analysis is also a form or type of quantitative risk assessment tools and techniques that utilizes optimistic, most probable, and cynical estimates to infer the total project cost and project completion dates.

For example, an estimate of the probability of completing a project at a cost of $100M can be carried out using Monte Carlo Analysis

x

Answer:

A more established company may find it difficult to implement an enterprise-wide, customer-centric culture due to the following reasons:

A) Existence of a Multi-Product Business Model

A business entity that is well established with a lot of years under its belt will find it a tough challenge to shift from a product-oriented business model to a customer-oriented business model.

To be product-focused simply means that that a company has woven its organisational structure around products. For examples, a company that is into the gaming business may have teams for their Sports Betting Section, another for their online gaming section, game hardware section, gaming apps section etc.

First, for these various teams, their performance metric will largely depend on how functionally efficient their products are.  

Second, techy or geeky staff are seldom efficient when it comes to emotional intelligence - a key requirement for being customer efficient.

One way to handle this is to ensure that there is a central Customer Relationship Management team that oversees the customers for each product.

B) Organisational Inflexibility

As direct to the point as it sounds, getting market intelligence for with the intention to use them for decision making is challenging. What is tougher is the ability to implement the insights from such intelligence to effect a turn around in the way customers perceive and respond to a company's offerings.

The ability to quickly take gather market intel, agree on a strategic direction based on same and execute can be referred to organisational agility.  

The more bureaucratic and hierarchical an organisation is (this, by the way, characterises older and more established business systems) the less agile it is likely to be.

Cheers!

Answer:

Since the firm is maximizing its profit, it is producing and selling 40 units at $30 per unit, resulting in a net profit of $440.

Explanation:

Sine there is no information, I searched for a similar question:

Q             Sales revenue        Total costs           Profit

10                      $450                $340                  $110

20                     $800                $480                  $320

30                     $1,050              $620                  $430

40                     $1,200              $760                  $440

50                     $1,250              $900                  $350

60                     $1,200              $1,040                $160

70                     $1,050              $1,180                -$130

80                     $800                $1,320               -$520

90                     $450                $1,460               -$1,010

Answer:

Chapman Company

Statement of Cash Flows for the year ended May 2014:

Operating activities:

Cash from customers     $1,238,350

Cash to suppliers              ($683,910)

Salaries & Wages                (277,340)

Other expenses                    (10,548)

Income Tax                           (43,250)

Net Cash from operating activities       223,302

Investing activities:

Plant                                      (17,610)         (17,610)

Financing activities:

Dividends                           (104,312)

Interest                                (73,340)

Bonds                                  (29,870)

Issue of stock                        9,570

Net cash from financing activities        (197,952)

Net cash flows                                          $7,740

Explanation:

a) Data and Calculations:

1. CHAPMAN COMPANY

COMPARATIVE BALANCE SHEET

AS OF MAY 31

                                                 2014                2013

Current assets

Cash                                     $28,560       $20,820

Accounts receivable              75,850          58,940

Inventory                             220,080        250,770

Prepaid expenses                    9,148             7,580

Total current assets           333,638           338,110

Plant assets

Plant assets                        600,070        502,460

Less: Accumulated depreciation

—plant assets                      150,060         125,320

Net plant assets                 450,010          377,140

Total assets                     $783,648       $715,250

Current liabilities

Accounts payable            $123,190        $115,200

Salaries & wages payable  47,660           72,420

Interest payable                  27,980          25,490

Total current liabilities       198,830          213,110

Long-term debt

Bonds payable                    70,770        100,640

Total liabilities                  269,600        313,750

Stockholders’ equity

Common stock, $10 par  370,460       280,890

Retained earnings            143,588         120,610

Total stockholders’ equity 514,048      401,500

Total liabilities and stockholders’

equity                              $783,648     $715,250

2. CHAPMAN COMPANY

INCOME STATEMENT

FOR THE YEAR ENDED MAY 31, 2014

Sales revenue                    $1,255,260

Cost of goods sold                 722,590

Gross profit                             532,670

Expenses

Salaries and wages expense 252,580

Interest expense                       75,830

Depreciation expense              24,740

Other expenses                         8,980

Total expenses                       362,130

Operating income                  170,540

Income tax expense               43,250

Net income                          $127,290

3) Cash Receipts:

Cash from customers $1,238,350

Issue of stock                       9,570

4) Cash Payments:

Cash to suppliers         $683,910

Plant                                   17,610

Income Tax                      43,250

Dividends                        104,312

Salaries & Wages          277,340

Interest                            73,340

Other expenses              10,548

Bonds                              29,870

5) Prepaid Expenses

Ending balance             $9,148

Expenses                        8,980

Beginning balance         7,580

Cash paid                   $10,548

6) Accounts Receivable:

Beginning balance  $58,940

Sales                     1,255,260

Ending balance         75,850

Cash received   $1,238,350

7) Accounts Payable:

Beginning balance $115,200

Purchases                691,900

Ending balance      $123,190

Cash paid              $693,910

8) Purchases:

Ending inventory    $220,080

Cost of goods sold   722,590

Beginning inventory 250,770

Purchases               $691,900

9) Salaries and Wages Payable

Beginning balance $72,420

Expenses               252,580

Ending balance        47,660

Cash paid            $277,340

10) Interest payable:

Beginning balance $25,490

Expense                    75,830

Ending balance        27,980

Cash paid               $73,340

Answer:

Direct labor time (efficiency) variance= $3,000 favorable

Explanation:

Giving the following information:

Standard= 2 hours of labor per unit, at $12 per hour.

In producing 3800 units, Waterway used 7350 hours of labor.

To calculate the direct labor quantity variance, we need to use the following formula:

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Standard quantity= 2*3,800= 7,600 hours

Direct labor time (efficiency) variance= (7,600 - 7,350)*12

Direct labor time (efficiency) variance= $3,000 favorable

Answer and Explanation:

The Preparation of horizontal analysis for 2022 using 2021 as the base year is prepared with the help of a spreadsheet.

Horizontal analysis is a method for the analysis of financial statements that indicates fluctuations in the amount of the related products over a period of time. It is a valuable instrument for determining trend situations.

So, with the help of the spreadsheet, we will be able to find the net income by using the formulas.

The horizontal analysis of the Income Statement is the analytical form of preparing the income statement to determine the accurate amount and percentage of changes in each item of the income statement.

The horizontal income statement is attached below.

The horizontal analysis determines the change in the amounts of each account. The percentage change is the division of a change in amount by the base amount of the base year.

In this case, the base year was 2021.

Therefore, the change in amounts will be determined based upon the figures of the base year.

To know more about horizontal analysis, refer to the link:

https://brainly.com/question/14698328

Answer:

b. 1.50(150%)

Explanation:

Given that, the standard time per packages is 10 minutes

Then, the total time taken in eight hour shift is 8 * 60 = 480 minutes

The standard output = Total time taken / Standard time = 480/10 = 48 packages

Therefore, the efficiency of Kaitlyn = Kaitlyn's Output / Standard output

=72 / 48

= 1.5

Hence, the answer is 150% or 1.5

Answer:

12%

Explanation:

Calculation for the division's return on investment

Using this formula

Return On Investment = Operating income /Average total assets

Let plug in the formula

Return on investment= $636,000/$5,300,000

Return on investment= 0.12*100

Return on investment=12%

Therefore the division's return on investment will be $12%

Answer:

C

Explanation:

Upward communication is communication from lower hierarchy in the organisation to higher hierarchy in the organisation

Downward communication is communication from higher hierarchy in the organisation to lower hierarchy in the organisation

Horizontal communication is communication within the same organisation hierarchy

Diagonal communication is cross functional communication between employees at different levels of the organisation

Answer:

0.74

Explanation:

Data provided  in the question

Price level = 1.35

According to the given situation, the computation of the new value of the dollar is shown below:-

The New value of the dollar = 1 ÷ Price level

= 1 ÷ 1.35

= 0.74074

or

= 0.74

Therefore for computing the new value of the dollar we simply applied the above formula.

Answer:

Company A

a. Differential Analysis dated May 29

                                              Alternative 1           Alternative 2

Opportunity cost                       $250,000            $550,000

Variable production costs          580,000                192,000

Total cost                                  $830,000             $742,000

b. Sunk cost in this situation is: $225,000 ($400,000 - $175,000) cost of the old machine.

Explanation:

Company A's relevant cost for the old machine is the opportunity cost that it will lose if it continues with Alternative 1 or continued use of the old machine and the additional cost for the new machine for Alternative 2.  Also relevant is the variable production costs that would be incurred if the old or new machine is used.

Company A's sunk cost is the cost of the old machine minus accumulated depreciation.  Sunk cost is not relevant for decision making under differential analysis.

Company A's differential analysis is a managerial tool that is used to differentiate one decision alternative from another.  In this analysis, only relevant costs are considered.  A relevant cost in this case is cost that its inclusion or elimination makes a difference in the decision outcome.