Cost drivers are various factors that influence the cost of a commodity or a service and cost pools are the groups of costs that are associated with a specific activity.
Cost hierarchy is method of categorizing costs based on their relationship to the production process. Hierarchy for the following data is as follows-
1. Cost hierarchy level for each cost category:
Direct materials-backpacks and purses: Unit-level cost
Direct manufacturing labor-backpacks and purses: Unit-level cost
Setup: Batch-level cost
Shipping: Batch-level cost
Design: Product-level cost
Plant utilities and administration: Facility-level cost
2. Cost driver for each cost category:
Direct materials & labor -backpacks and purses: No. of backpacks and purses. (It is easily traceable with respect to no. of output produced)
Set up & Shipping: No. of Batches (as the costs incurred for each batch changeover and related)
Design cost: No. of design or design hour (It is attributed to design per product)
Plant utilities and administration: Total production hour (It is related to overall operation and maintenance of the facility)
3. To calculate the budgeted cost per unit of cost driver for each cost category:
Direct materials—purses:
Cost per unit of cost driver: $342,200 / 2,900 = $118 per purse
Direct materials—backpacks:
Cost per unit of cost driver: $470,850 / 6,450 = $73 per backpack
Direct manufacturing labor—purses:
Cost per unit of cost driver: $87,000 / 2,900 = $30 per hour of production for purses
Direct manufacturing labor—backpacks:
Cost per unit of cost driver: $116,100 / 6450 = $18 per hour of production for backpacks
Setup:
Cost per unit of cost driver: $90,675 / 195 = $465 per batch
Shipping:
Cost per unit of cost driver: $71,370/ 195 = $366 per batch
Design:
Cost per unit of cost driver: $165,000 / 6 = $27,500 per design
Plant utilities and administration:
Cost per unit of cost driver: $221,000 / 4,250 = $52 per hour of production
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The complete question is:
Payton Bags (PB) is a designer of high-quality backpacks and purses. Each design is made in small batches. Each spring, PB comes out with new designs for the backpack and for the purse. The company uses these designs for a year and then moves on to the next trend. The bags are all made on the same fabrication equipment that is expected to operate at capacity. The equipment must be switched over to a new design and set up to prepare for the production of each new batch of products. When completed, each batch of products is immediately shipped to a wholesaler. Shipping costs vary with the number of shipments. Budgeted information for the year is as follows:
Payton Bags
Budget for Costs and Activities
For the Year Ended February 28, 2014
Direct materials—purses = $342,200
Direct materials—backpacks = 470,850
Direct manufacturing labor—purses = 87,000
Direct manufacturing labor—backpacks = 116,100
Setup = 90,675
Shipping = 71,370
Design = 165,000
Plant utilities and administration = 221,000
Total = $1,564,195
Other budget information follows:
Backpacks, Purses, Total
Number of bags = 6,450, 2,900, 9,350
Hours of production= 1,665, 2,585, 4,250
Number of batches = 115, 80, 195
Number of designs = 4, 2, 6
1. Identify the cost hierarchy level for each cost category.
2.Identify the most appropriate cost driver for each cost category. Explain briefly your choice of cost driver.
3. Calculate the budgeted cost per unit of cost driver for each cost category.
in personal finance, one makes decisions based on needs vs wants. what is considered a need?
we use photodiodes to track our orientation relative to the sun. briefly describe a possible signal chain from a photodiode to a microcontroller.
A possible signal chain from a photodiode to a microcontroller can involve several stages to convert the photodiode's analog output into a digital signal that can be processed by the microcontroller.
Here's a brief description of the signal chain:
Photodiode: The photodiode is a semiconductor device that generates a current proportional to the amount of light falling on it. It acts as a light sensor and converts incident light into an electrical signal.
Transimpedance Amplifier (TIA): The output current from the photodiode is typically very small. To amplify this current into a measurable voltage, a transimpedance amplifier is commonly used. The TIA converts the current from the photodiode into a voltage signal, with the gain of the amplifier being determined by the feedback resistor connected to the amplifier's input.
Signal Conditioning: Depending on the specific requirements and characteristics of the photodiode, additional signal conditioning circuitry may be employed. This could include filters to remove unwanted noise or interference, amplifiers for further gain adjustment, or voltage regulators to ensure stable power supply for the circuit.
Analog-to-Digital Converter (ADC): The analog voltage signal from the previous stages needs to be converted into a digital format for processing by the microcontroller. An ADC is used to sample the analog signal and convert it into a discrete digital representation.
Microcontroller: The digital signal output from the ADC is then fed into the microcontroller. The microcontroller is a programmable device that can process the digital data and perform various calculations or make decisions based on the received information.
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What are the functions of money?
A. A measure of debt
B. A storehouse of value
C. A form of bartering
D. A unit of account
E. A medium of exchange
Answer:
E,C, and D, and B
Explanation:
The functions of money are- a measure of debt, a storehouse of value, a unit of account, and a medium of exchange. Thus all the options except C are the functions of money.
What is money?Money is any item or verifiable record that is widely accepted in a particular country or socio-economic context as payment for goods and services and repayment of debts, such as taxes.
Money serves as a medium of exchange, a unit of account, a store of value, and, in some cases, a standard of deferred payment. Money was historically an emerging market phenomenon with intrinsic commodity value.
Its value is derived as a result of social convention, having been declared legal tender by a government or regulatory entity; that is, it must be accepted as a form of payment within the borders of the country, for "all debts, public and private."
Therefore, options A, B,D, and E are the functions of money.
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a financial plan is most influenced by
Answer: priorities and goals
Explanation: because
The financial plan is most influenced by priorities and goals Option(b) is correct.
What does Financial Plan means?Overall utilization, a financial plan is a complete assessment of a singular's ongoing compensation and future financial state by utilizing current known factors to foresee future pay, resource values and withdrawal plans.
In business, a financial plan can allude to the three essential financial assertions monetary record, pay explanation, and income proclamation) made inside a field-tested strategy. Financial estimate or financial plan can likewise allude to a yearly projection of pay and costs for an organization, division, or division.
A financial plan can likewise be an assessment of money needs and a choice on the most proficient method to raise the money, like through getting or giving extra offers in an organization A financial plan might contain forthcoming financial explanations, which are comparative, however unique, than a financial plan. Financial plans are the whole financial bookkeeping outline of an organization. Complete financial plans contain all periods and exchange types.
Therefore Option(b) is correct.
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hazel received 20 nqos (each option gives her the right to purchase 10 shares of stock for $7 per share) at the time she started working, when the stock price was $14 per share. now that the share price is $20 per share, she intends to exercise all of her options. how much income will hazel recognize on the exercise date and how much tax will she pay, assuming her marginal tax rate is 24 percent?
Thus, taken Hazel's marginal tax rate is 24 percent, she would owe $624 in taxes on her stock option income.
Hazel's non-qualified stock options (NQOs) give her the right to purchase 10 shares of stock for $7 per share, which means she can purchase 20 x 10 = 200 shares for $1,400.
Since the current stock price is $20 per share, Hazel's 200 shares are worth $4,000.
To exercise all of her options, Hazel will need to pay $1,400 to purchase the shares.
Her income on the exercise date will be the difference between the fair market value of the stock and the option exercise price, which is $20 - $7 = $13 per share.
Therefore, Hazel will recognize $13 x 200 = $2,600 of income on the exercise date.
Assuming Hazel's marginal tax rate is 24 percent, she will owe $624 in taxes on her stock option income ($2,600 x 0.24). Hazel may also owe additional taxes, such as Social Security and Medicare taxes, depending on her employment status.
It's important to note that the tax treatment of stock options can be complex and may vary depending on the type of option and the individual's tax situation. Hazel should consider consulting a tax professional for personalized advice.
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what are the important features of utility?
Answer:
Utility is the want-satisfying power of a commodity. It is the satisfaction, actual or expected, obtained from the consumption of a commodity. Characteristics of Utility are: Utility is psychological: It depends on the mental attitude and assessment of the person consuming the commodity and also his likes and dislikes.
Microeconomics looks at the ______
relationship between consumers and
producers and how this relationship affects the economy.
Answer:
economy
Explanation:
Microeconomics examines the economic relationship between producers and consumers and its impact on the economy.
Microeconomics refers to the study of decision-making by individuals and businesses, while macroeconomics focuses on the decisions made at the national and governmental levels.
As consumers require goods and services, producers aim to make a profit from providing them.
The economic choices are influenced by factors such as prices, demand, and supply. Ultimately, determining the cost of products and services is the responsibility of both parties involved.
The economy of a society is built on the creation of wealth through selling and purchasing. Producing and consuming are done by consumers and producers respectively. Therefore, the economic relationship is the correct answer.
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Who’s ready to f lemme know?
Answer:
lol
Explanation:
Answer:
wrong website
Explanation:
You know this dilemma well: You're about to send a message via email or some for of messaging, but you're worried that the right tone won't come across. What if you're trying to be humorously sarcastic, but the recipient thinks you're being serious? Or what if you are trying to be friendly and sympathetic, but the words come across as cold and uncaring?
If you were communicating in person, you could modulate the emotional tone of your message by smiling, using your voice to accent certain words or syllables, shrugging your shoulders, rolling your eyes, or otherwise sending nonverbal signals that help say what your words have trouble saying. Plus, you could monitor the recipient's response and immediately react if you see that the message didn't quite land.
To fine-tune the tone of their written messages, many people resort to emoticons or emojis. Emoticons and emojis can be effective ways to minimize the limitations of a lean medium, which is why so many people now use them for personal and business communication. A smiley face can inject a touch of levity into a tense situation and a frowny face can convey sympathy for someone who has suffered a setback, for example.
Emoticons and emojis have become popular tools for adding emotional context and tone to written messages. They can help bridge the gap between text-based communication and face-to-face interaction by providing visual cues that convey emotions and intentions.
Using emoticons or emojis allows the sender to enhance the clarity of their intended tone and help prevent misunderstandings. For example, a winking face ;) can indicate humor or sarcasm, a smiling face :) can convey friendliness, and a sad face :( can express sympathy or concern.
However, it's important to note that the interpretation of emoticons and emojis can still vary among individuals and across different cultures. Therefore, it's crucial to use them appropriately and consider the context and relationship with the recipient. Some professional settings may require more formal communication without the use of emoticons or emojis.
In addition to emoticons and emojis, other techniques can be employed to enhance the tone of written messages. These include using specific words or phrases, providing additional context, and being mindful of sentence structure and punctuation. Re-reading and proofreading the message before sending it can also help identify potential issues with the tone.
While written communication may always have its limitations compared to face-to-face interaction, employing these techniques can help reduce misunderstandings and ensure that the intended tone of the message is effectively conveyed.
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TIME REMAINING
50:38
Which of these organisms have no seeds and no specialized tissues?
sequoia trees
orange trees
club moss
liverworts
Answer:
club moss I believe for it is a more simple organism
Answer:
It's D. Liverworts
Explanation:
I took the test on Edge
Which statement is true regarding economic performance?.
There are different ways to know if a statement is correct. The true statement regarding economic performance is that productivity growth can lead to higher unemployment rates.
What is economic performance?The performance of an economy is usually known in terms of the happenings or achievement of all economic objectives.
These objectives are known to be of long term or short term such as sustainable growth and development, etc.
Note that the higher productivity, the more attractive for the firm to increase employment and a change in the level of productivity cannot have a permanent influence on the level of the unemployment rate.
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the direct labor hours required to produce the first two units of a new product are 2,000 and 1,800, respectively. using a 90% learning rate the company would estimate the direct labor hours for the fifth unit to be
The corporation would calculate the direct labor hours for the fifth unit to be 1566.0 hours, assuming a 90% learning rate.
Is direct labour wage-based?
A new product's first two units require 2,000 and 1,800 direct labor hours to produce, respectively. The hourly pay rate, the cost of fringe benefits, and your share of employee payroll taxes are all included in the direct labour hourly rate, commonly referred to as the labour rate standard. Divide that sum by the total number of hours worked during the pay period to determine the hourly value of employee taxes and fringe benefits. The amount of direct labour hours required to create one unit of a product is known as the direct labour hours.
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Your client, Judy, with a credit score of 620, has been approved for an FHA loan for a home with a sales price of $200,000. What is the minimum down payment that will apply
Answer:
0
Explanation:
At the start of the year, Winston Company’s Allowance for Doubtful Accounts had a credit balance of $14,000. During the year, it had credit sales of $1,500,000. It also wrote-off $60,000 of uncollectible accounts receivable during the year. Past experience indicates that the allowance should be 3% of the balance in receivables. If the accounts receivable balance at December 31 was $300,000, what is the required adjustment to the Allowance for Doubtful Accounts that is needed at year-end?
The required adjustment to the Allowance for Doubtful Accounts at year-end for Winston Company is $9,000.
To determine the required adjustment to the Allowance for Doubtful Accounts, we need to calculate the desired balance of the allowance based on the accounts receivable balance. The accounts receivable balance at December 31 is $300,000, and the desired allowance is 3% of this balance, which is $9,000. The adjustment is necessary to bring the Allowance for Doubtful Accounts to its appropriate level based on the estimated uncollectible accounts.
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In project procurement management, obtaining seller responses, selecting sellers, and awarding contracts is part of the _____ process.
In project procurement management, obtaining seller responses, selecting sellers, and awarding contracts is part of the closing process.
What is Management?
This refers to the overseeing and supervision of people working under a person to achieve a common goal.
Hence, we can see that in project procurement management, obtaining seller responses, selecting sellers, and awarding contracts is part of a business process which is known as the closing process.
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Question 14 (2 points)
Which career cluster involves hands-on occupations and possibly working outside?
Investigative
Realistic
Enterprising
Conventional
Answer: Enterprising
Explanation: Hands-on jobs are occupation that requires little education, it relate to the practice of learning from experience on the job rather than reading and learning from books. The career cluster of hands-on occupation includes; technicians, plumbers, woodwork, hygiene and catering workers etc.
Enterprising is characterized by great imagination and initiative with energetic to carry out work . Enterprising best fit hands-on career cluster.
Which situations offer examples of banking and related services workers? select three options. anna analyzes loan applicants to decide whether to give them loans. aaron helps customers put money into and remove money from their accounts. jared researches the credit history of people applying for credit. tamara reviews the finances of a business to determine whether it is profitable. raquel helps individuals and companies prepare their tax forms. troy helps a family create a budget to save more money.
Examples of banking and related services workers are;
Anna analyzes loan....Aaron helps customers put money...Jared researches the...What is banking?Banking sweves as the business of protecting money for others, it involves lending if money and generating interest that creates profits .
Therefore, example of banking is when Aaron helps customers put money into and remove money from their accounts.
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Answer:
ANNA, AARON, JARED
Explanation:
A; Anna analyzes loan applicants to decide whether to give them loans.
B; Aaron helps customers put money into and remove money from their accounts.
C; Jared researches the credit history of people applying for credit.
The fact that multiple generations often work together in family businesses provides which of the following advantages? A) They will have equal skills with technology B) Family dynamics will play a part in business relationships C) perspectives of diverse clients are more likely to be taken into consideration D) Family members from different generations are more likely to get along
Answer:
Explanation: B) Family dynamics will play a part in business relationships.
An article in a newspaper explains that a new business is about to open.
Answer:
So what's the question......??????
Retailers provide value to product manufacturers by:.
Answer:
allowing manufacturers to focus on product development and production.
Explanation:
Hope it helps.
krysta wants to take piano lessons. she asked a teacher how many new pieces she could expect to learn each month. the teacher gave an estimate of 3. write an equation that shows how the total number of pieces krysta would learn, y, depends on the number of months of piano lessons, x.
The required equation is y = 3x which represents the total number of pieces Krysta would learn, where x months of piano lessons.
What is the Linear equation?A linear equation is defined as an equation in which the highest power of the variable is always one.
Krysta wants to learn to play the piano. She inquired with an instructor about the number of new pieces she could anticipate studying each month. The teacher estimated three.
Let y represent the total number of pieces Krysta would learn,
And x represent depends on the number of months of piano lessons,
According to the given situation, we can write the equation would be as:
⇒ y = 3x
Therefore, the required equation is y = 3x which represents the total number of pieces Krysta would learn.
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Which of the following statements are not true of satisfied customers?
A. Satisfied customers tend to stay loyal.
B. Customers will spend more money with a company for great customer service.
C. Satisfied customers do not share their experiences with other people.
D. All of the above
OPTION (C) Satisfied customers do not share their experiences with other people. When customers feel satisfied from the services or products from a particular company, they are tend to share their experience with their friends and families. So that they can too get benefitted from the same.
Who are Customers?In sales, commerce, and economics, a customer is the recipient of a good, service, product or an idea - obtained from a seller, vendor, or supplier via a financial transaction or exchange for money or some other valuable consideration.
What is meant by 'Services'?A service is any activity or benefit that one party can offer to another, which is essentially intangible and does not result in the ownership of anything. Its production may or may not be tied to a physical product.
What is a Company?A company, abbreviated as co., is a legal entity representing an association of people, whether legal, natural, or a mixture of both, with a specific task or objective. Company members share a common purpose and unite to achieve specific, declared goals.
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You have allocated $8,000 for employee training. You have 20 employees and each course costs $200. How many training courses can you afford per employee?
Answer:
B) 2
Explanation:
$8,000 divided by 20 is 400, $400 divided by $200 is 2 courses per employee.
The number of training courses you can afford per employee is 2.
How many training courses can you afford?The mathematical operation that would be used to solve this question is division. Division is the process of grouping a number into equal parts using another number. The sign that represents division is ÷
The first step is to divide the amount allocated for employee training by the number of employees.
= $8,000 / 20 = $400
The next step is to divide $400 by the cost of each course
$400 / $200 = 2
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Pooler Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.90 direct labor-hours. The direct labor rate is $7.00 per direct labor-hour. The production budget calls for producing 6,700 units in April and 6,500 units in May. If the direct labor work force is fully adjusted to the total direct labor-hours needed each month, what would be the total combined direct labor cost for the two months?
Multiple Choice
$83,825
$83,160
$83,650
$83,335
The total combined direct labor cost for Pooler Corporation over two months, April and May, would amount to $83,160 (option 2).
The total combined direct labor cost for the two months can be calculated by multiplying the total direct labor-hours needed by the direct labor rate and summing it for both months.
In April, the number of units to be produced is 6,700, and each unit requires 0.90 direct labor-hours. Therefore, the total direct labor-hours needed in April would be 6,700 units * 0.90 hours/unit = 6,030 direct labor-hours.
In May, the number of units to be produced is 6,500, and each unit requires 0.90 direct labor-hours. Therefore, the total direct labor-hours needed in May would be 6,500 units * 0.90 hours/unit = 5,850 direct labor-hours.
The direct labor rate is $7.00 per direct labor-hour.
Now, we can calculate the total combined direct labor cost:
Total direct labor cost = (Direct labor-hours in April + Direct labor-hours in May) * Direct labor rate
Total direct labor cost = (6,030 + 5,850) * $7.00 = 11,880 * $7.00 = $83,160
Therefore, the correct answer is $83,160.
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10)
How might a mission statement help Donna with her new
business?
A mission statement can help Donna with her new business by providing clarity and direction for her venture. It serves as a guiding statement that outlines the purpose, values, and goals of the business.
It helps Donna align her decisions, actions, and strategies with the overall mission, facilitating focus and consistency in her business operations. A mission statement is a concise statement that articulates the purpose and core values of a business. It outlines what the business aims to achieve and how it intends to operate. For Donna, having a mission statement for her new business can provide several benefits.
Firstly, it helps Donna define the purpose and direction of her business. It clarifies the reason for starting the business and what it aims to accomplish, providing a sense of focus and clarity.
Secondly, a mission statement helps Donna communicate her business's values and principles to stakeholders, including employees, customers, and investors. It sets the foundation for building a strong company culture and aligning everyone's efforts toward a common goal.
Lastly, a mission statement can serve as a guide for decision-making and strategy development. When faced with choices or challenges, Donna can refer to her mission statement to ensure that her actions align with the overall purpose and values of her business.
A mission statement plays a crucial role in helping Donna with her new business by providing clarity, guiding decision-making, and aligning stakeholders toward a common vision.
In conclusion, a mission statement can significantly benefit Donna in her new business. It provides clarity and direction, communicates values to stakeholders, and guides decision-making and strategy development. By establishing a mission statement, Donna can effectively define her business's purpose and goals, foster a strong company culture, and make informed decisions that align with her business's overall mission. This helps create a solid foundation for success and growth in her new venture.
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How do long term goals differ from short-term goals principles of financial planning?
Setting short-term financial objectives include doing everything you can to enhance your financial situation in the interim.
What exactly is short-term lending?Business finance from short-term, typically less than a year, sources is referred to as short-term financing. The same assists the organization in generating cash for expenditures, which are often less in scale.
What is short-term Investment ?Toutes droits réservés. referring to anything lasting a year or less, including investments, financial plans, and other things. Financial plans and investments for the short term typically include less uncertainty than those for the long term.
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Which incentive plan is based on a philosophy that managers and employees must cooperate with?
A) cash plan
B) gainsharing plan
C) deferred profit-sharing plan
D) employee stock ownership plan
The incentive plan that is based on a philosophy that managers and employees must cooperate with is the gainsharing plan. Option B
This plan focuses on sharing the financial gains achieved by the organization with the employees who contributed to it. The primary objective of this plan is to motivate employees to work efficiently and effectively to achieve the organization's goals.
The gainsharing plan operates on the principle that employees are the backbone of the organization, and they play a significant role in achieving success. The plan fosters a sense of teamwork, collaboration, and cooperation among the managers and employees. It promotes a shared responsibility for the organization's success and encourages everyone to work towards achieving common goals.
In a gainsharing plan, a portion of the financial gains realized by the organization is distributed among the employees who contributed to it. The distribution of the gain is based on a predetermined formula that considers the employees' performance and the organization's financial performance. The formula is designed to reward those employees who have made significant contributions to the organization's success.
In conclusion, the gainsharing plan is a motivational tool that promotes cooperation between managers and employees. It encourages teamwork and collaboration, fosters a sense of shared responsibility, and rewards employees who contribute to the organization's success. This plan has proven to be successful in improving employee morale, productivity, and overall organizational performance. Option B.
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Which are Career and Technical Student Organizations? Select six options.
Business Professionals of America
American Association of School Administrators
American Chemical Society
DECA
Future Business Leaders of America
FFA
Skills USA
FCCLA
The Career and Technical Student Organizations are Business Professionals of America, DECA, Future Business Leaders of America, FFA, SkillsUSA, and FCCLA.
Career and Technical Student Organizations (CTSOs) are extracurricular groups that provide students with opportunities to develop leadership skills, explore career pathways, and enhance their technical and professional abilities. Out of the options provided, the six CTSOs are:
1. Business Professionals of America (BPA): BPA focuses on developing business and leadership skills among students, with a focus on careers in business, finance, marketing, and information technology.
2. DECA: DECA is an organization that prepares students for careers in marketing, management, and entrepreneurship. It offers competitions, leadership development, and networking opportunities.
3. Future Business Leaders of America (FBLA): FBLA is a student organization that helps students develop leadership and business skills. It offers a wide range of competitive events and programs related to business and entrepreneurship.
4. FFA (formerly known as Future Farmers of America): FFA is an organization that promotes agricultural education and provides opportunities for students interested in agriculture, food science, and natural resources to develop leadership skills and career readiness.
5. SkillsUSA: SkillsUSA focuses on career and technical education, offering students opportunities to develop trade-specific skills, compete in various technical events, and participate in leadership activities.
6. FCCLA (Family, Career, and Community Leaders of America): FCCLA aims to help students develop leadership skills and prepare for careers in family and consumer sciences. It focuses on areas such as culinary arts, early childhood education, fashion design, and hospitality management.
These organizations provide students with valuable experiences outside of the classroom, allowing them to apply their skills, connect with industry professionals, and explore potential career paths within their respective fields.
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If a manufacturer is currently working to position its retail stores and determining how they will implement the four Ps, what are they doing
1)it describes the purpose and activities of the business
a)vision
b)mission
c)goals
d)objectives
2)it expresses what the business hopes to be or accomplished within the next few years
a)vision
b)mission
c)goals
d)objectives
3)in this functional department,stock records are being kept
a)accounts/finance
b)purchasing
c)sales and marketing
d)computer/information technology
4)in the functional department,advertising a job vacancy and processing the job application form is part of their responsibility
a)administrative
b)accounts/finance
c)human resource/personnel
d)computer/information technology
Answer:
a)vision
c)goals
Explanation:
d)computer/information technology
b)accounts/finance