Answers
Answer: b.Factory Overhead
Explanation:
Indirect Labor Costs are those costs associated with people who helped the production process but were not directly involved in the production process.
For example, machinery repair men, the guards, the Accountants for the Factory and the Quality control people amongst others.
These costs are treated as an expense and Debited to the Factory Overhead Account in a general factor setting unlike direct Labor that will be Debited to to Work in Progress.
Related Questions
Which of the following is a true statement?
A. all states have income tax
B. Certain states have no state income tax
C. All states have a flat state tax
D. Depending on where you live, you may pay no taxes at all.
Answers
Answer: B. Certain states have no state income tax.
Explanation: It is true that certain states do not have a state income tax. As of 2021, there are seven states in the United States that do not have a state income tax: Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming. However, it is worth noting that these states may have other forms of taxation such as sales tax or property tax to generate revenue.
A person who has downloaded the Flipboard app on his or her smartphone to get full-screen magazines, multiple news and entertainment sources, entertainment, local news, and business news is attempting to fulfill which motivation for using a mobile application?
a. socializing
b. preparation
c. self-expression
d. accomplishing
e. discovery
Answers
Based on the provided information, the motivation for using a mobile application is socializing.
What is a Mobile app?Mobile app can be regarded as computer program that is been run on mobile tablet for various purposes.
Therefore, Flipboard app on his or her smartphone to get full-screen magazines, multiple news serves a social propose.
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Calculate your month 1 expenses by adding the contents of column 8, your month 1 expenses. What is the total amount?
Answers
The total amount after adding month 1st expenses in the 8th column is 53,900$.
How to find?Lets add all the values in column 8-
= 2000+3000+3500+3250+4700+5575+6500+7500+8375+9500
= 53,900$
Hence, the total amount is 53,900$.
What are those expenses, exactly?Wages, salaries, repairs, rent, and depreciation are all examples of expenses. Profits are calculated by subtracting expenses from revenue. To lessen the tax burden and increase profits, businesses are permitted to deduct certain costs from taxes.
What are costs and expenses?Expenses are ongoing payments, whereas costs are one-time payments. Cost typically appears on the balance sheet, whereas expense appears on the profit and loss statement.
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You have invested $6,000 in plant improvements and financed $6,000 long-term debt to pay for it. You have also elected to retire $6,000 of long-term debt. Now, your closing cash position reads -$3,000. How can you fix the current financial decisions so that you have a healthy cash position at the end of the year?
Answers
Answer:
Retire Long Term debt at $0Issue Long Term Debt at $6,000Explanation:
If you elect to both retire the $6,000 in long term debt and also issue long term debt of the same amount, your cash balance would be -$3,000 which is unhealthy.
What you should do therefore, is to retire no long term debt while still issuing the long term debt of $6,000 to pay for the investment in plant improvement. This will leave you with a cash balance of $3,000 which is healthy enough.
When a manager treats an organization as an interrelated set of elements that work together, the manager is treating the organization as
Answers
Answer:
When a manager treats an organization as an interrelated set of elements that work together, the manager is treating the organization as a system. A system is a set of interrelated parts that work together to achieve a common goal. In the case of an organization, the parts are the people, processes, and resources that make up the company. The goal of the organization is to produce goods or services that meet the needs of customers.
The systems perspective is a useful way of thinking about organizations because it helps managers to understand how the different parts of the organization interact with each other. This understanding can be used to improve the performance of the organization by making changes to the way the parts interact.
For example, a manager might realize that the production department is not communicating effectively with the marketing department. This lack of communication is leading to problems with product quality and customer satisfaction. The manager can then take steps to improve communication between the two departments, which will improve the performance of the organization as a whole.
The systems perspective is a powerful tool that can help managers to improve the performance of their organizations. By understanding how the different parts of the organization interact, managers can make changes that will lead to better outcomes for the company.
Here are some of the benefits of using the systems perspective in management:
* It can help managers to identify and understand the relationships between the different parts of the organization.
* It can help managers to see how changes in one part of the organization can affect other parts.
* It can help managers to make decisions that will improve the overall performance of the organization.
The systems perspective is a valuable tool for any manager who wants to improve the performance of their organization.
An employee from another department will join your team next week. She requested the transfer because she felt her work was becoming predictable and monotonous. Her performance reports show she has made good contributions to programming projects but needs to improve her presentation skills.
Answers
It appears that next week, an employee from another department will be joining your team.
She requested the transfer due to feeling that her previous work was becoming predictable and monotonous. According to her performance reports, she has made valuable contributions to programming projects, demonstrating her strong technical abilities.
However, an area where she could improve is her presentation skills. As she transitions to your team, it would be beneficial to provide her with opportunities to engage in diverse tasks and challenges, ensuring she stays motivated and experiences professional growth.
Additionally, offering resources and training in presentation skills can help her strengthen this aspect of her work. By doing so, she will not only become a more well-rounded team member but will also contribute effectively to the overall success of your team. Remember to welcome her warmly and provide any necessary support during this transition period.
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___________ is a way of saving a file so it can be used by a different program. A. Selecting B. Exporting C. Citing D. Formatting Please select the best answer from the choices provided A B C D Mark this and return
Answers
Answer:
B. Exporting
Explanation:
The following selected events were experienced by either Smith Eldercare Services, Inc., a corporation, or Tony Smith, its major stockholder. Requirement:State whether each eventâ (1) increased,â (2) decreased, orâ (3) had no effect on the total assets of the business. Identify any specific asset affected. If noâ effect, indicate the reason. Account affected or Transaction Asset effect why assets are not affected A. Paid $400 cash on accounts payable B. Made a cash purchase of land for a building site for the business, $89,000. C. Sold land and received cash of $69,000 (the land was carried on the company's books at $69,000) D. Received $15,400 cash from customers on account. E. Purchased medical equipment and signed a $90,000 promissory note in payment
Answers
Answer:
A. Paid $400 cash on accounts payable
Assets Effect :- Decrease in Total assets of the business
Assets Effect and Reason for no effect :- Cash decrease by $400.
B. Made a cash purchase of land for a building site for the business, $89,000
Assets Effect :- No effect in Total assets of the business
Assets Effect and Reason for no effect :- As land purchase for cash, cash decrease and land increase with the same amount.
C. Sold land and received cash of $69,000 (the land was carried on the company's books at $69,000)
Assets Effect :- No effect in Total assets of the business
Assets Effect and Reason for no effect :- The land was sold, so land decrease and cash increase with the same amount
D. Received $15,400 cash from customers on account
Assets Effect :- No effect in Total assets of the business
Assets Effect and Reason for no effect :- Cash increases and Accounts receivable decreases for the same amount
E. Purchased medical equipment and signed a $90,000 promissory note in payment
Assets Effect :- Increase in Total assets of the business
Assets Effect and Reason for no effect :- Equipment Increase
A misconception is a misunderstanding.
O True
False
Answers
The statement ''A misconception is a misunderstanding.'' is True. A misconception refers to a misunderstanding or a mistaken belief about something.
It is a cognitive error where an individual holds an incorrect understanding of a particular concept, idea, or situation. Misconceptions can arise due to various factors such as incomplete information, misinterpretation of information, cultural influences, biases, or a lack of critical thinking. Misconceptions can be found in various domains, including science, history, language, and everyday life. They can persist even in the presence of contradictory evidence or when confronted with accurate information. Correcting misconceptions is important as they can lead to flawed decision-making, misinformation spreading, and hinder personal and intellectual growth.
Addressing misconceptions requires effective communication, education, and the promotion of critical thinking skills. By challenging and correcting misconceptions, individuals can develop a more accurate understanding of the world around them, make informed judgments, and engage in meaningful discussions based on reliable information.
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explain the changing nature of public administration
Answers
The nature of public administration has undergone significant changes over the years. Traditional public administration was characterized by hierarchical structures.
However, with the increasing complexity of modern society, new challenges have emerged that require a more flexible and responsive approach to public administration.
One of the key changes in public administration has been the shift towards more participatory and collaborative approaches. This has been driven by a growing recognition of the importance of engaging citizens and stakeholders in decision-making processes, and the need to build trust and legitimacy in government institutions.
Another important change has been the adoption of technology in public administration. From e-government initiatives to data-driven decision-making, technology has transformed the way that government organizations operate and interact with citizens.
At the same time, there has been a growing emphasis on performance management and accountability in public administration. This has involved the development of performance metrics, the use of benchmarking and evaluation, and a focus on outcomes rather than inputs.
Overall, the changing nature of public administration reflects the broader shifts in society towards greater complexity, interdependence, and accountability. While there are still many challenges to be addressed, the evolution of public administration offers hope for more effective and responsive governance in the years to come.
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Two types of multitasking are:
O Competitive tasking and complex tasking
O Task switching and dual tasking
O Task switching and competitive tasking
Answers
A promissory note can best be described as __________., a. an interest-bearing IOU, b. a guarantee of a line of credit, c. a commitment to lend money to someone, d. a government-backed bond
Answers
A promissory note can best be described as: a. an interest-bearing IOU.
What is promissory note?Promissory note can be defined as a written note that help to shows that a person who lend a money from another person promise to payback. The note contains a promise by the borrower to pay back the lender within a stipulated period of time.
A promissory note can tend to be described as IOU which full meaning is I OWE YOU which implies that a borrower is telling the lender that he/she owe the lender some certain amount of money which the borrower will have to payback.
A promissory note also contains the terms and conditions of the agreement and this terms and agreement includes the following :
The principal amountThe loan maturity dateThe interest etcTherefore we can conclude that the correct option is A.
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Jorge has a new job in an office. Which of the following safety procedures will he most likely need to learn?
Answers
Answer: D) How to exit safely in the event of a fire
Explanation:
This answer wasn't correct last time sadly so I'm not sure how to correctly do the problem. Here's the screenshot detailing it
Answers
Based on the benefits that John Cotton receives from his employer, the taxable benefits for 2021 will be $0.
Which benefits are taxable?Personal protective equipment are tax exempt because they are treated as Medical expenses.
Employer-provided cell phone allowances are not taxable if used for business purposes. Meals are also tax exempt when the employer provides it inside business premises.
No benefit is therefore taxable.
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Why was the sport of volleyball invented?
Answers
Answer:
History has it that William G. Morgan, who invented the game of volleyball in 1895, came up with the idea so that people who found basketball's 'bumping' or 'jolting' too strenuous could have an alternative physical activity to fall back on.
How would implementing the cost-volume-profit analysis benefit a company? As a manager, which income statement format do you find more useful - the traditional financial accounting method or the contribution margin method? Why?
Answers
It provides insights into the relationship between sales volume, costs, and profitability, helping managers make informed decisions about pricing, production levels, and cost management.
CVP analysis allows managers to determine the breakeven point, the level of sales needed to cover all costs, and to assess the impact of changes in sales volume, costs, or prices on the company's profitability. This analysis can guide strategic planning, budgeting, and resource allocation.
As a manager, I find the contribution margin method of income statement format more useful than the traditional financial accounting method. The contribution margin method separates costs into fixed and variable components, allowing for a clearer understanding of how changes in sales volume affect profitability.
It highlights the contribution margin ratio, which indicates the proportion of each sales dollar available to cover fixed costs and contribute to profits.
This format enables managers to analyze cost behavior, identify cost-saving opportunities, and evaluate the financial impact of different sales scenarios. It provides a more focused view of the underlying profitability drivers and aids in decision-making related to pricing, product mix, and cost control.
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In straight line method, the expected depreciation amount will be ____ throughout the life years
A) Marginally increased and decreased depending on the usage
B) Increased
C) Remains Constant
D) Decreased
Answers
What account below is not an asset?
A. Capital Stock
B. Inventory
C. Cash
D. Accounts Receivable
Answers
Answer:
A. Capital Stock
Explanation:
Accounts are categorized following the accounting equation of assets are equal to equity plus liabilities. Asset accounts track and record the resources that a business owns or controls. Assets being the valuable items that a business uses to generate income or maintain operations.
Equity represents the owner's interest in the business. It comprises capital contributions and retained earnings. Capital stocks belong to equity accounts and not asset accounts.
Abey Kuruvilla, of Parkside Plumbing, uses 1,220 of a certain spare part that costs $27 for each order, with an annual holding cost of $25. a) Calculate the total cost for order sizes of 25, 40, 50, 60, and 100 (round your responses to two decimalplaces). b) What is the economic order quantity?
Answers
The total cost is : $1,630.10, $1,310, $1,283.8, $1,299, $1,579.4 and the economic order quantity is 51.33.
How to find the economic order quantity?Using this formula to find the total cost
Total cost = DCo/Q + QH/2
Where:
D = Annual demand
Co = Ordering cost per order
H = holding cost per item per annum.
Order Size 25
Total cost = (1,220 x $27/25) + (25 x $25/2)
Total cost = $1,317.6 + $312.50
Total cost = $1,630.10
Order Size 40
Total cost = (1,220 x $27/40) + (40 x $25/2)
Total cost = $810 + $500
Total cost = $1,310
Order Size 50
Total cost = (1,220 x $27/50) + (50 x $25/2)
Total cost = $658.8 + $625
Total cost = $1,283.8
Order Size 60
Total cost = (1,220 x $27/60) + (60 x $25/2)
Total cost = $549 + $750
Total cost = $1,299
Order Size 100
Total cost = (1,220 x $27/100) + (100 x $25/2)
Total cost = $329.4 + $1,250
Total cost = $1,579.4
b. Economic order quantity
Economic order quantity = √ 2 × $27 × 1220 ÷25
Economic order quantity = √ 65,880÷25
Economic order quantity =√2,635.2
Economic order quantity =51.33
Therefore the economic order quantity is 51.33.
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Question 9 of 10
Statements that define what an individual or group desires to accomplish or
become are called
A. career plans
B. strategies
C. objectives
O D. goals
SUBMIT
Answer is goals
Answers
Answer:
D. goals...
Explanation:
Answer:
its goals
Explanation:
hope this helps
price elasticity of demand for electricity
Answers
The price elasticity of demand for electricity reflects the sensitivity of electricity consumption to price changes.
The price elasticity of demand for electricity is a measure of the responsiveness of electricity consumption to changes in its price. It is calculated as the percentage change in quantity demanded divided by the percentage change in price.
Understanding the price elasticity of demand for electricity is important for policymakers, electricity providers, and regulators in making informed decisions.
In the short run, the price elasticity of demand for electricity tends to be relatively low or inelastic. This means that changes in the price of electricity have a relatively small effect on the quantity demanded.
Electricity is considered a necessary and essential good for many households and businesses, and there are limited substitutes available in the short run.
In the long run, the price elasticity of demand for electricity becomes more elastic. Consumers and businesses have more flexibility to respond to price changes by adjusting their behavior, investing in energy-efficient technologies, or switching to alternative energy sources.
The availability of substitutes and technological advancements play a significant role in increasing the elasticity of demand over time.
It is important to note that the price elasticity of demand for electricity can vary across different consumer segments and regions. Industrial and commercial consumers often have more options to adjust their electricity consumption patterns and tend to have a higher elasticity of demand.
Residential consumers, on the other hand, may have fewer alternatives and exhibit a lower elasticity of demand.
It helps policymakers and stakeholders anticipate the impact of price fluctuations and design effective policies related to pricing structures, subsidies, energy efficiency programs, and the promotion of renewable energy sources.
Understanding the price elasticity of demand for electricity is crucial for balancing economic, environmental, and social goals in the energy sector.
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Gary has just been hired as a the new chief legal counsel for a public utility. He will be supervising a group of experienced lawyers. Gary’s first action is to meet with each lawyer individually; he wants everyone on his team to account for the smallest details of his or her work.
Gary’s _____1________ leadership behavior is likely to be _______2_________, because ______3________ _______4_________ this leadership behavior.
1: task-oriented / people-oriented
2: ineffective / effective
3: automatic feedback / a highly structured task / experience / low position power
4: substitutes for / has no effect on / neutralizes
Answers
Gary's task-oriented leadership behavior is likely to be ineffective because experience substitutes for this leadership behavior.
The task oriented style of leadership is a type of leadership that is mostly focused on whatever it takes to get the job done.
Gary's leadership style is most likely to have minimal effect. The reason is due to the fact that there is the experience factor.
In summary the answers to the question can be listed out in this order.
Task-orientedineffective experiencesubstitutes forRead more on https://brainly.com/question/14497263?referrer=searchResults
The following income statements are provided for Li Company's last two years of operation: Year 1 Year 2 Number of units produced and sold 4,500 4,100 Sales revenue $ 69,750 $ 63,550 Cost of goods sold 41,700 38,000 Gross margin 28,050 25,550 General, selling, and administrative expenses 17,500 16,300 Net income $ 10,550 $ 9,250 Assuming that cost behavior did not change over the two-year period, what is Li Company's contribution margin in Year 2?
Answers
Answer:
$13,325
Explanation:
Calculation to determine Li Company's contribution margin in Year 2
First step is to calculate the Variable cost per unit
Using this formula
Variable cost per unit = Change in costs ÷ Change in activity Cost of goods sold
Let plug in the formula
Variable cost per unit = (41,700 − 38,000) ÷ (4,500 units − 4,100 units)
Variable cost per unit =3,700/400
Variable cost per unit = $9.25 per unit
Second step is to calculate the Selling and administrative expense
Variable cost per unit = (17,500- 16,300) ÷ (4,500 units − 4,100 units)
Variable cost per unit =1,200/400 units
Variable cost per unit = $3.00 per unit
Now let calculate the Contribution margin in Year 2
Using this formula
Contribution margin = Sales revenue − Variable costs
Let plug in the formula
Contribution margin= $ 63,550 − [4,100 units × ($9.25 per unit + $3.00 per unit)]
Contribution margin=$ 63,550-(4,100 units×$12.25)
Contribution margin=$ 63,550-$50,225
Contribution margin = $13,325
Therefore Li Company's contribution margin in Year 2 is $13,325
The income statement for the Shamrock, Inc. for the month ended July 31 shows Service Revenue $17,510, Salaries and Wages Expense $9,760, Maintenance and Repairs Expense $3,070, and Income Tax Expense $1,400. The statement of retained earnings shows an opening balance for Retained Earnings of $24,760 and Dividends $1,660. Prepare closing journal entries.
Answers
Answer:
July 31
Dr Service revenue $17,510
Cr Income summary $17,510
July 31
Dr Income summary $14,230
Salaries and Wages Expense $9,760, Maintenance and Repairs Expense $3,070 Income Tax Expense $1,400
July 31
Dr Income summary 3,280
Cr retained earnings 3,280
July 31
Dr Retained earnings 1,660
Cr Dividends 1,660
Explanation:
Preparation of the closing journal entries
July 31
Dr Service revenue $17,510
Cr Income summary $17,510
(To close revenue account)
July 31
Dr Income summary $14,230
(9,760+3,070+1,400)
Salaries and Wages Expense $9,760, Maintenance and Repairs Expense $3,070 Income Tax Expense $1,400
(To close expense accounts)
July 31
Dr Income summary 3,280
(17,510-14,230)
Cr retained earnings 3,280
(To close net income/loss to retainedearnings)
July 31
Dr Retained earnings 1,660
Cr Dividends 1,660
(To close dividends to retained earnings)
The process by which ANZ bank's internal job descriptions are matched to external jobs with similar responsibilities to identify the market rate for each position is known as:
Answers
Answer:
Um sorry Where's the answer?
what does journalism have you do
Answers
Answer:
yas
Explanation:
Why is it important to select products and services that represent best value for money
Answers
Answer:
Too low of a price means you forgo potential profits. The most important factor in product price setting is choosing a price low enough that customers perceive they are getting a good value relative to what your competitors are offering and the prices they are charging -- but yet high enough to generate a profit.
Explanation:
A job was budgeted to require 5 hours of labor per unit at $12.00 per hour. The job consisted of 8,100 units and was completed in 37,500 hours at a total labor cost of $489,800. What is the direct labor rate variance
Answers
Answer:
3,800 unfavorable
Explanation:
A job was budgeted at 5 hours of labour unit at $12 for an hour
The job consists of 8,100 units
It was completed in 37,500 hours
The total labor cost is $489,800
The direct labor rate variance can be calculated as follows
= 5×12×8100
= 486,000
486,000-489,800
= -3,800(since It has a negative sign it is unfavorable)
= 3,800 unfavorable
What is the total cost of ownership
Answers
Which scenarios can be considered effects of Sole Sister Shoe Store choosing to sell dress shoes over sneakers? Select two answers.
A. High school athletes stop shopping there.
B. The inventory of sports socks goes unsold.
C. Sneaker sales were declining before the decision to sell dress shoes.
D. Dress shoes cost less for the store to buy from a supplier.
Answers
Answer:
It's A) High school athletes stop shopping there and B) The inventory of sports socks goes unsold
The scenerio that can be considered as an effects which makes Sole Sister Shoe Store to choose selling of dress shoes over sneakers is because of;
High school athletes stop shopping there.The inventory of sports socks goes unsold.The reason for this is that the the Sister Shoe Store discover that those schools are not buying sneakers and sport socks like before, and the only way to make her business to move is to adopt another product which is dress.
What is an inventory?Inventory can be regarded as goods as well as merchandise, and materials that the business hold to sell in the market to earn a profit.
In this business the profit is been shared alone, therefore, A and B are correct.
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