Answer:
Variable overhead costs per machine hour:
Indirect labor $5.00 Indirect materials $2.50 Maintenance $0.50 Utilities $0.30Total $8.30Fixed overhead costs:
Supervision $1,200 Insurance $400 Property taxes $600 Depreciation $1,800 Total $4,000Flexible Actual Spending
budget expenses variances
Variable costs:
Indirect labor $30,000 $28,000 $2,000 FIndirect materials $15,000 $16,200 $1,200 UMaintenance $3,000 $2,800 $200 FUtilities $1,800 $1,900 $100 UTotal $49,800 $48,900 $900 FFixed costs:
Supervision $1,200 $1,440 $240 UInsurance $400 $400 $0Property taxes $600 $600 $0Depreciation $1,800 $1,860 $60 UTotal $4,000 $4,300 $300 UTotal costs $53,800 $52,300 $600 F
Gladiator USA, a tire manufacturer, guarantees its tires against defects for five years or 60,000 miles, whichever comes first. Suppose USA can expect warranty costs during the five-year period to add up to of sales. Assume that a USA dealer in Denver, Colorado, made sales of during 2018. Gladiator USA received cash for % of the sales and took notes receivable for the remainder. Payments to satisfy customer warranty claims totaled during 2018. Record the sales, warranty expense, and warranty payments for Gladiator USA.
Answer:
DR Cash............................................$96,450
DR Notes receivable........................$546,550
CR Sales revenue...................................................$643,000
(To record sales)
DR Warranty expense .............................$32,150
CR Warranty liability.................................................$32,150
(To record Warranty Expense)
DR Warranty liability.................................$20,000
CR Cash......................................................................$20,000
(To record Warranty Claim Payments)
Explanation:
Cash = 15% * $643,000
= $96,450
Notes Receivable = 643,000 - 96,450
= $546,550
Warranty Expense = 5% x $643,000
= $32,150
Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional questions. Career Connection: Shin-fong How does Shin-fong keep track of his finances?
Answer:
By means of a budget he prepared.
Explanation:
According to the information available, Shing-fong has a carefully thought out strategy. Here's some of what he does;
he keeps tracks of his finances by means of a budget plan.he views all his transactions also checking his debit or credit cards to keep track of how much he spendsShing-Fong avoids eating out as much as he used to and preparing cheaper food at home.he also avoids unnecessarily spending with friends whenever he is invited."Which of the following are covered under the Securities Exchange Act of 1934? I Registration of new issues II Stabilization of new issues III Registration of exchanges IV Registration of broker/dealers"
Answer: II. stabilization of new issues
III. registration of exchanges
IV. registration of broker-dealers
Explanation:
The Securities Exchange Act of 1934 was put in place in order to be in charge of security trading.
From the options, those that are covered under the Securities Exchange Act of 1934 include the stabilization of new issues, the registration of exchanges and the registration of broker/dealers.
It should be noted that the Securities Exchange Act of 1934 does not cover the registration of new issues.
Brik Products, located in Atlanta, Georgia, produces two lines of electric toothbrushes, Deluxe and Standard. Because Brik can sell all the toothbrushes it produces, the owners are expanding the plant. They are deciding which product line to emphasize. To make the decision, they assemble the following data.
Per Unit
Deluxe Toothbrush Standard Toothbrush
Sales price $94 $54
Variable expenses 22 16
Contribtion margin $72 $36
Contribution margin ratio 75.5% 70.4%
Requirements:
1) Identify the constraining factor for Brik products.
2) Prepare an analysis to show which product line to em
Complete Question:
Brik Products, located in Atlanta, Georgia, produces two lines of electric toothbrushes: Deluxe and Standard. Because Brik can sell all the toothbrushes it produces, the owners are expanding the plant. They are deciding which product line to emphasize. To make this decision, they assemble the following data:
Per Unit
Deluxe Toothbrush Standard Toothbrush
Sales price $94 $54
Variable expenses 22 16
Contribution margin $72 $36
Contribution margin ratio 75.5% 70.4%
After expansion, the factory will have a production capacity of 4.200 machine hours per month. The plant can manufacture either 68 Standard electric toothbrushes or 26 Deluxe electric toothbrushes per machine hour.
Requirements:
1. Identify the constraining factor for Brik Products.
2. Prepare an analysis to show which product line to emphasize.
Answer:
Brik Products
1. The constraining factor for Brik Products is the 4,200 machine hours.
2. Analysis to show which product line to emphasize:
Product Mix Analysis
Deluxe Standard
Sale price $94 $54
Variable expense 22 16
Contribution margin per unit $72 $38
Number of toothbrushes per hour 26 68
Total contribution margin per hour $1,872 $2,584
Decision: Brik Products should emphasize the production and sale of the Standard electric toothbrushes as this rakes in more contribution per the constraining factor, i.e. machine hours.
Explanation:
a) Data and Calculations:
Deluxe Standard
Sale price $94 $54
Variable expense 22 16
Contribution margin per unit 72 38 (not $36)
Contribution margin ratio 76.6% (not 75.5%) 70.4%
Number of toothbrushes per hour 26 68
Machine hours available = 4,200 hours
b) Analysis:
For Brik Products, the contribution margin per machine hour = contribution per unit x units per hour. Brik will generate a total contribution margin per product line without producing the other that is equal to the contribution margin per machine hour multiplied by total machine hours.
Assuming that Brik Products concentrates on the production of the standard electric toothbrushes alone, it will generate a total contribution margin of $10,852,800 ($2,584 x 4,200) as against the total contribution margin of $7,862,400 ($1,872 x 4,200) to be generated if only Deluxe electric toothbrushes are produced.
Common stock is called a hybrid security because it takes on the attributes of both preferred stock and bonds.
a. True
b. False
Answer:
false
Explanation:
examples of hybrid stocks is convertible preferred shares
A common stock is a stock that entitles owners of the stock to a fixed amount of shares and holders of the stock are owners of the company where the stock is bought.
Answer:
a. True
Explanation:
In most stocks that attributes of both bonds and preferred stock, it is referred to as a hybrid security. Most organisations and the government recognized it as a medium of security in situations of seeking for loan.
Given the following data: Average operating assets $ 504,000 Total liabilities $ 23,520 Sales $ 168,000 Contribution margin $ 85,680 Net operating income $ 45,360 Return on investment (ROI) is:
Answer:
9%
Explanation:
According to the given situation, the solution of return on investment is shown below:-
Return on investment = (Net operating income ÷ Average operating assets) × 100
now, we will put the values into the above formula
= ($45,360 ÷ $504,000) × 100
= 0.09 × 100
= 9%
Therefore for computing the return on investment we simply applied the above formula.
A factory costs $400,000. It will produce an inflow after operating costs of $100 000 in year 1. $ 200,000 in year 2, and $ 300,000 in year 3. The opportunity cost of capital is 12%. Calculate NPV.
Answer:
NPV = $62,258.56
Explanation:
initial outlay year 0 = $400,000
cash inflow year 1 = $100,000
cash inflow year 2 = $200,000
cash inflow year 3 = $300,000
discount rate = 12%
using a financial calculator, NPV = $62,258.56
if you do it by hand:
NPV = -$400,000 + $100,000/1.12 + $200,000/1.12² + $300,000/1.12³ = -$400,000 + $89,285.71 + $159,438.78 + $213,534.07 = $62,258.56
Balance sheet. Use the data from the following financial statements in the popup window. Complete the balance sheet. Hint: Find the accumulated depreciation for 2014 first. The accumulated depreciation for 2014 is:
Data Table
Partial Income Statement Year Ending 2014
Sales revenue $350,100
Cost of goods sold $142,000
Fixed costs $43,100
Selling, general, and
administrative expenses $28,200
Depreciation $46,000
Partial Balance Sheet 12/31/2013
ASSETS LIABILITIES
Cash $16,100 Notes payable $14,100
Accounts receivable $28,000 Accounts payable $18,800
Inventories $47,800 Long-term debt $190,100
Fixed assets $368,000 OWNERS' EQUITY
Accumulated
depreciation (-) $140,400 Retained earnings
Intangible assets $81,900 Common stock $131,800
Partial Balance Sheet 12/31/2014
ASSETS LIABILITIES
Cash $26,000 Notes payable $11,800
Accounts receivable $19,100 Accounts payable $23,900
Inventories $53,100 Long-term debt $162,100
Fixed assets $448,100 OWNERS' EQUITY
Accumulated depreciation (-) Retained earnings
Intangible assets $81,900 Common stock $182,000
Answer:
57
Explanation:
im rich
A bond issue with a face amount of $1,200,000 bears interest at the rate of 9%. The current market rate of interest is 10%. These bonds will sell at a price that is:
Answer: The selling price of the bond will be less than $1,200,000
Explanation:
From the question, we are informed that a bond issue with a face amount of $1,200,000 bears interest at the rate of 9% and that the current market rate of interest is 10%.
Since the market rate is 10% which is higher than coupon rate of 9%, this means that the market price for the bond will be smaller than the bond's face value.
Therefore, the selling price of the bond will be less than $1,200,000.
Suppose that you have an old car that is a real gas guzzler. It is 10 years old and could be sold to a local dealer for $ cash. The annual maintenance costs will average $ per year into the foreseeable future, and the car averages only miles per gallon. Gasoline costs $ per gallon, and you drive miles per year. You now have an opportunity to replace the old car with a better one that costs $. If you buy it, you will pay cash. Because of a 2-year warranty, the maintenance costs are expected to be negligible. This car averages miles per gallon. Should you keep the old car or replace it? Utilize a 2-year comparison period and assume that the new car can be sold for $ at the end of year 2. Assume that the salvage value of the old car at the end of year 2 will be $0. Ignore the effect of income taxes and let your MARR be %.
Answer:
you should replace the old car with a newer and more efficient one
Explanation:
all the numbers are missing, so I looked them up:
current sale value of old car $400
maintenance costs per year $800
gasoline expense per year = $3.50 x 1/10 x 15,000 = $5,250
resale value in 2 years = $0
cost of replacing old car = $8,000
maintenance costs per year $0
gasoline expense per year = $3.50 x 1/30 x 15,000 = $1,750
resale value in 2 years = $5,000
MARR = 15%
if you keep the old car, your net cash flows will be:
Year 1 = -$6,050
Year 2 = -$6,050
if you change your car, your net cash flows will be:
Year 0 = -$8,000 + $400 = -$7,600
Year 1 = -$1,750
Year 2 = $3,250
keeping the old car results in a NPV = -$6,050/1.15 - $6,050/1.15² = -$5,260.87 - $4,574.67 = -$9,835.54
changing for a new car results in a NPV = -$7,600 -$1,750/1.15 + $3,250/1.15² = -$7,600 -$1,521.74 + $2,457.47 = -$6,664.27
since both options result in negative cash flows, we must select the option that results in a smaller loss
TB MC Qu. 6-62 Gayne Corporation's contribution margin ratio is ... Gayne Corporation's contribution margin ratio is 18% and its fixed monthly expenses are $51,000. If the company's sales for a month are $313,000, what is the best estimate of the company's net operating income
Answer:
$5,340
Explanation:
Gayne's corporation contribution margin ratio is 18%
= 18/100
= 0.18
The fixed monthly expenses is $51,000
The company sales for the month is $313,000
Therefore, the net operating income can be calculated as follows
= (Contribution margin ratio×sales)-fixed expenses
= (0.18× $313,000)- $51,000
= $56,340-$51,000
= $5,340
Hence the best estimate of the company's net operating income is $5,340
Menlo Company distributes a single product. The company’s sales and expenses for last month follow:
Total Per unit
Sales $314,000 $20
Variable expenses 219,800 14
Contribution margin 94,200 6
Fixed expenses 75,000
Net operating income 19,200
Required:
a. What is the monthly break-even point in unit sales and in dollar sales?
b. Without resorting to computations, what is the total contribution margin at the break-even point?
c. How many units would have to be sold each month to attain a target profit of S27,600?
d. Verify your answer by preparing a contribution format income statement at the target sales level.
e. Refer to the original data. Compute the company's margin of safety in both dollar and percentage terms.
f. What is the company's CM ratio? If sales increase by $76,000 per month and there is no change in fixed expenses, by how much would you expect monthly net operating income to increase?
Answer:
a) 12,500 units
b) $75,000
c) 17,100 units
d) total sales revenue $342,000
- variable costs = -$239,400
contribution margin = $102,600
- fixed expenses = $75,000
net income = $27,600
e) 20.38%
f.1) 30%
f.2) $22,800
Explanation:
Total Per unit
Sales $314,000 $20
Variable expenses $219,800 $14
Contribution margin $94,200 $6
Fixed expenses $75,000
Net operating income $19,200
break even point = fixed costs / contribution margin = $75,000 / $6 = 12,500 units
units needed to yield expected profits = (fixed costs + expected profits) / contribution margin = ($75,000 + $27,600) / $6 = 17,100 units
margin of safety = (current sales - break even point) / current sales = ($314,000 - $250,000) / $314,000 = 20.38%
contribution margin ratio = (total revenue - variable costs) / total revenue = ($314,000 - $219,800) / $314,000 = 30%
$76,000 x 30% = $22,800
The monthly break-even point in unit sales is 12,500 units. The total contribution margin at the break-even point is $75,000.
c) 17,100 units would have to be sold each month to attain a target profit of S27,600.
d) total sales revenue of $342,000
- variable costs = -$239,400
contribution margin = $102,600
- fixed expenses = $75,000
net income = $27,600
e) The company's margin of safety in percentage terms is 20.38%.
f.1) The company's CM ratio is 30%.
f.2) The Expected monthly net operating income to increase by $22,800.
The break-even threshold is reached when overall costs and total revenues are equal, leaving your small firm with no net benefit or loss. In other words, you've achieved the point in manufacturing when the income from a product matches the cost of manufacturing.
A formula known as net operating income (NOI) is used to assess the profitability of real estate assets that produce revenue. NOI is the sum of all property revenues less all running costs that are deemed to be reasonably reasonable.
On a property's income and cash flow statement, NOI is a before-tax statistic that does not include loan principal and interest payments, capital expenses, depreciation, or amortization. In other sectors, this term is known as "EBIT," which stands for "earnings before interest and taxes."
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Zycon has produced 10,000 units of partially finished Product A. These units cost $20,000 to produce, and they can be sold to another manufacturer for $12,000. Instead, Zycon can process the units further and produce finished Products X, Y, and Z. Processing further will cost an additional $16,000 and will yield total revenues of $30,000.Required:Identify weather the tem is relevant or irrelevant to the sew or process further decision.
Answer:
1. $20,000 cost already incurred to a produce. - Irrelevant
This cost has already been incurred in the initial production and as such are classified as sunk costs. Sunk costs are not relevant to the decision on whether to sell or process the product further.
b. $12,000 selling price - Relevant
As this amount relates to the selling price were the product not to be processed further, it is relevant to the sell or process the products further decision.
c. $16,000 additional processing costs - Relevant
This is the incremental cost should the product be processed further and so is relevant to the decision.
d. $30,000 revenues from processing further. - Relevant.
As the total revenue that could be realized if the product is processed further, this is very relevant to the decision on whether to process further or sell.
An economy begins in long-run equilibrium, and then a change in government regulations makes holding money less attractive. a. (1.5 points) How does this change affect the demand for money
Answer: Demand Curve shifts left
Explanation:
Money is now less attractive to hold so people will demand less of it. This will cause the demand curve in the monetary market therefore to shift to the left.
Shifts in the demand curve for money are usually caused when a non-interest determinant of demand changes such as a decrease in income.
Effectiveness of a solution is equal to:_______
a. Quality of a Solution 20% (x) Acceptability of the Solution 80%
b. Quality of a Solution 80% (x) Acceptability of the Solution 20%
c. Quality of a Solution 10% (x) Acceptability of the Solution 90%
d. Quality of a Solution 90% (x) Acceptability of the Solution 10%
e. None of the above
Answer:
a. Quality of a Solution 20% (x) Acceptability of the Solution 80%
Explanation:
We say that a solution is effective i.e 100%, when it has a 20% of its quality and 80% of its acceptability.
A solution is effective when it has a 100% effect. The application of a solution to a problem which yields 100% effect is said to be effective and acceptable.
The scale used is the relationship given as:
Effectiveness of a solution = Quality of a Solution 20% (x) Acceptability of the Solution 80%
Between 1953 and 2015, rising labor productivity contributed more to U.S. economic growth than did increases in inputs.
A. True
B. False
Answer: True
Explanation:
Labor productivity has to do with the amount of products and services which are produce at a particular time by the workers.
It should be noted that between 1953 and 2015, rising labor productivity contributed more to U.S. economic growth than did increases in inputs. This brought about increase in the available goods and services in the country.
The last dividend paid by Coppard Inc. was $1.25. The dividend growth rate is expected to be constant at 27.5% for 3 years, after which dividends are expected to grow at a rate of 6% forever. If the firm's required return (rs) is 11%, what is its current stock price
Answer:
36.38
Explanation:
The Current stock price can be calculated by identifying Present value of dividends in all three years adding terminal value of dividends in year 3.
Year Dividend Growth Dividend PV factor Present Values
1 1.25 127.5% 1.59 0.900901 1.43
2 1.59 127.5% 2.03 0.811622 1.64
3 2.03 127.5% 2.59 0.731191 1.88
3 42.987(w) 0.731191 31.43
Total PV 36.38
Current Dividend = 2.59
Rate of return = 11.00%
Growth Rate = 6.00%
Terminal value = Current Dividend*(1+Growth rate)/(Rate of return-Growth Rate)
Terminal value = 2.59 x (1+0.06) / (0.11-0.06)
Terminal value =42.987
Current stock price = 1.43 +1.64+1.88+31.43
Current stock price = 36.38
You have gathered the following information on your investments. What is the expected return on the portfolio? Stock Number of Shares Price per Share Expected Return F 310 $ 40 13.32 % G 315 $ 26 10.05 % H 255 $ 52 10.59 %
Answer:
Expected return on the portfolio = $3,879.00
Explanation:
a) Data and Calculations:
Stock Number of Shares Price per Share Expected Return Expected
Value
F 310 $ 40 13.32 % $1,651.68
G 315 $ 26 10.05 % $823.09
H 255 $ 52 10.59 % $1,404.23
Total 880 $3,879.00
b) The expected return on the portfolio is the addition of the expected returns of each class of shares. This is obtained by multiplying the number of shares in each class with the price and the expected return in percentage. This gives a weighted value for the class of shares, which are then added to obtain the expected return on the portfolio.
Wyckam Manufacturing Inc. has provided the following information concerning its manufacturing costs:
Fixed Cost per Month Cost per Machine-Hour
Direct materials $ 5.40
Direct labor $ 42,400
Supplies $ 0.30
Utilities $ 1,700 $ 0.25
Depreciation $ 15,200
Insurance $ 11,600
For example, utilities should be $1,700 per month plus $0.25 per machine-hour. The company expects to work 4,200 machine-hours in June. Note that the company’s direct labor is a fixed cost.
Required:
Prepare the company's planning budget for manufacturing costs for June.
Answer:
Total Manufacturing Costs is $95,680
Explanation:
Wyckam Manufacturing Inc.
Planning Budget for Manufacturing costs
For the month Ended June 30
Direct Materials (4,200 hours *$5.40) $22,680
Direct Labor Fixed $42,400
Supplies (4,200 hours * $0.25 ) $1,050
Utilities ($1,700+ 4,200 Hours * $0.25) $2,750
Depreciation Fixed $15,200
Insurance Fixed $11,600
Total Manufacturing Costs $95,680
A market situation in which a large number of firms produce similar but not identical products is called
Answer:
A market situation in which a large number of firms produce similar but not identical products is called perfectly competitive.
Explanation:
At 17 years old, Otto signed a contract to purchase a new Hummer by advancing a payment of $50,000. However, when Otto turned 20, he wished to disaffirm this contract. Does the law permit this
Find the net present value of a project that has cash flows of −$12,000 in Year 1, +$5,000 in Years 2 and 3, −$2,000 in Year 4, and +$6,000 in Years 5 and 6. Use an interest rate of 12%. Find the interest rate that gives a net present value of zero.
Answer:
NPV = $2,000
IRR = 19.19%
Explanation:
Net present value is the present value of after tax cash flows from an investment less the amount invested.
NPV can be calculated using a financial calculator
Only firms with a positive NPV should accept the project because a negative NPV indicates that the project would be unprofitable for the firm
the interest rate that gives a net present value of zero is the IRR
Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested
IRR can be calculated using a financial calculator
Cash flow for year 1 = −$12,000
Cash flow for year 2 = $5,000
Cash flow for year 3 = $5,000
Cash flow for year 4 = −$2,000
Cash flow for year 5 = $6,000
Cash flow for year 6 = $6,000
I = 12%
NPV = $2,000
IRR = 19.19%
To find the NPV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
To find the IRR using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
g The company plans a 4-for-1 stock split. How many shares will you own and what will the share price be after the stock split?
Answer: 14,400; $17
Explanation:
Stock splits are a strategy by firms to increase the liquidity of their shares especially when they are trading at a high price. The firm divides the stock by a certain number thus increasing the number of shares by the multiple of the number. This action will divide the price of the stock and thus allow for more trade as they are cheaper.
A 4-for- stock split means that each share will become 4.
Your total number of share will become;
= 4 * 3,600
= 14,400 shares
The new price will be;
= 68/4
= $17 per share
Fetzer Company declared a $0.55 per share cash dividend. The company has 200,000 shares authorized, 190,000 shares issued, and 8,000 shares in treasury stock. The journal entry to record the payment of the dividend is:
Answer:
Please see journals below
Explanation:
Retained earnings Dr $104,000
Common dividend payable Cr $104,000
Common dividend payable Dr $104,000
Cash Cr. $104,000
Retained earnings Dr $100,100
Common dividends payable Cr $100,100
Common dividends payable Dr $100,100
Cash Cr $100,100
Retained earnings Dr $110,000
Common dividends payable Cr $110,000
Working
Dividends payable
= 190,000 × $0.55
= $104,000
Common dividend payable
= $0.55 × (190,000 shares - 8,000 shares)
= $100,100
A retail operation has an average gross margin of 35%. If the average monthly sales for the store is $200,000.00, what is the cost of goods sold?
Answer:
COGS= $130,000
Explanation:
Giving the following information:
A retail operation has an average gross margin of 35%.
Sales= $200,000.00
To calculate the cost of goods sold, we need to use the following formula:
Gross margin= sales - COGS
COGS= sales - gross margin
COGS= 200,000 - (200,000*0.35)
COGS= $130,000
On October 10, the stockholder's equity of Sherman Systems appears as follows:
Common stock–$10 par value, 72,000 shares authorized,
issued, and outstanding $720,000
Paid-in capital in excess of par value, common stock 216,000
Retained earnings 864,000
Total stockholders’ equity $1,800,000
1. Prepare journal entries to record the following transactions for Sherman Systems.
1A. Purchased 5,000 shares of its own common stock at $25 per share on October 11.
1B. Sold 1,000 treasury shares on November 1 for $31 cash per share.
1C. Sold all remaining treasury shares on November 25 for $20 cash per share.
2. Prepare the revised equity section of its balance sheet after the October 11 treasury stock purchase.
Answer and Explanation:
The journal entries are shown below:
1A. Treasury Stock (5,000 × $25) $75,000
To Cash $75,000
(Being the purchased of its own common stock is recorded)
1B. Cash (1,000 × $31 shares) $31,000
To Treasury Stock (1,000 × $25) $25,000
To Paid-in Capital from Sale of Treasury Stock $6,000
(Being the sale of treasury stock is recorded)
1C. Cash (4,000 × $20) $80,000
Paid-in Capital from Sale of Treasury Stock $6,000
Retained Earnings $14,000
To Treasury Stock 99,000 (4,000 × 25) $100,000
(Being the sale of treasury stock is recorded)
2. The preparation of the revised equity section of its balance sheet is presented below:
Common stock 36,000 shares authorized, issued $720,000
Paid in capital in excess of par value
, common stock. $216,000
Retained Earnings. $864,000
Less: Treasury Stock - 5,000 shares -$75,000 $789,000
Total stockholders' equity $1,725,000
TB MC Qu. 8-174 LBC Corporation makes and sells ... LBC Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 2.0 hours of direct labor at the rate of $16.00 per direct labor-hour. Management would like you to prepare a Direct Labor Budget for June. The company plans to sell 39,000 units of Product WZ in June. The finished goods inventories on June 1 and June 30 are budgeted to be 610 and 110 units, respectively. Budgeted direct labor costs for June would be:
Answer:
Direct labor cost= $1,232,000
Explanation:
Giving the following information:
Each unit of Product WZ requires 2 hours of direct labor at a rate of $16 per direct labor-hour.
Sales= 39,000 units
Beginning inventory= 610 units
Desired ending inventory= 110 units
First, we need to calculate the production required:
Production= sales + desired ending inventory - beginning inventory
Production= 39,000 + 110 - 610
Production= 38,500
Now, the direct labor budget:
Direct labor hours= 38,500*2= 77,000 hours
Direct labor cost= 77,000*16= $1,232,000
If we had a situation of Diminishing Marginal Productivity, then this would be great news for the firm. Senior management loves this kind of cost reduction outcome.
True or False
Answer:
The correct answer is the second option: False.
Explanation:
To begin with, the well known term of "Diminishing Marginal Productivity" is understood to be an economic law whose main purpose is to explain that given a certain level of an input, the production of the company will start to go down eventually after adding more and more of that variable. Therefore that this theory states that when a company adds more of a factor of production, everything else constant, when it reaches a certain level that input will start to affect the output of the good and with it the profits of the business. That is why that if the company is in a situation of diminishing marginal productivity the senior management would not be pleased.
Analyze the following scenarios to determine who can appropriately access health information.
1. Mrs. John Smith is requesting the emergency room records from last week of her daughter, Katy. Mrs. Smith is the noncustodial parent of Katy, who lives with her dad. Should you release the records to her? Why or why not?
2. Mr. Fred Mitchell is requesting the birth record for Amy, his birth daughter. Mr. and Mrs. Mitchell gave Amy up for adoption four years ago. Should you release the records to him? Why or why not?
3. Mrs. Lynn Olsen is requesting the lab results of her husband, Tim. She has a note. signed by him, giving his permission for her to have the records. Should you release the records to her? Why or Why not?
4. An investigator from the Health and Human Services department is conducting an audit of patient records and has provided a list of records that they want to review. Should you release the information to the investigator? Why or why not?
5. Dr. Rex Harrisson is requesting the medical records of Martha Flynn. He states he is a family friend and has been asked by Mrs. Flynn's son to review her last inpatient admission for appropriateness of care. Should you release the records to Dr. Harrison? Why or why not?
Answer:
4. because they are government officials
4. You should release the information to the investigator from the Health and Human Services department because they are government officials.
What is Human Services department ?A Department of Human Services (DHS) or Ministry of Human Services (MHS) is a national or subnational umbrella agency in charge of delivering public assistance programmes to the people they serve. Social security, social affairs, human resources, and welfare are some of the various aspects or alternate names.
Human Service with Multiple Purposes Organizations encourage volunteerism and offer a variety of direct services in the communities they serve, across the country, and around the world. Among these organisations are YMCAs, YWCAs, and the Red Cross, among others.
Answer to questions :
1. Mrs. Smith cannot get the records because non-custodials parent have no right to get any medicalrecord. She can only visit.
2. The Original Birth certificate will be Sealed and no longer available once the child is been adopted
3. No, even though her husband has signed a note, the lab results should not be released.
4. You should release the information to the investigator.
To learn more about Human Services department refer :
https://brainly.com/question/2093822
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Managers of an American television network have been told they need to employ a localization strategy if they want to break into the European and Australian markets. What specifically should they do to implement this strategy
Answer:
they will need to follow the television viewing habits,and cultural differences in the locality.
Explanation:
This is very important so as to determine what would work best in each region. An extensive research into television habits as well as cultural norms would need to be carried out.
For example, program schedule times may need adjustments based on a different viewing time.
