Answer:
Unskilled workers are generally paid less than skilled workers. Demand for skilled workers is high whilst their supply is low. There are two main influences on the demand for workers. One is the amount of output they can produce and the other is the price, for which that output can be sold for.
An incomplete subsidiary ledger of materials inventory for May is as follows:
RECEIVED ISSUED BALANCE
Receiving Materials
Report Unit Requisition Unit
Number Quantity Price Number Quantity Amount Date Quantity Price Amount
May 1 285 $30.00 $8,550
40 130 $32.00 May 4
91 365 May 10
44 110 38.00 May 21
97 100 May 27
Required:
A. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO.
B. Determine the materials inventory balance at the end of May.
C. Journalize the summary entry on May 31 to transfer materials to work in process. Refer to the Chart of Accounts for exact wording of account titles.
D. Explain how the materials ledger might be used as an aid in maintaining inventory quantities on hand.
Chart of Accounts
CHART OF ACCOUNTS
General Ledger
ASSETS
110 Cash
121 Accounts Receivable
125 Notes Receivable
126 Interest Receivable
131 Materials
132 Work in Process
133 Factory Overhead
134 Finished Goods
141 Supplies
142 Prepaid Insurance
143 Prepaid Expenses
181 Land
191 Factory
192 Accumulated Depreciation-Factory
LIABILITIES
210 Accounts Payable
221 Utilities Payable
231 Notes Payable
236 Interest Payable
241 Lease Payable
251 Wages Payable
252 Consultant Fees Payable
EQUITY
311 Common Stock
340 Retained Earnings
351 Dividends
390 Income Summary
REVENUE
410 Sales
610 Interest Revenue
EXPENSES
510 Cost of Goods Sold
520 Wages Expense
531 Selling Expenses
532 Insurance Expense
533 Utilities Expense
534 Office Supplies Expense
540 Administrative Expenses
560 Depreciation Expense-Factory
590 Miscellaneous Expense
710 Interest Expense
Materials Inventory
Shaded cells have feedback.
A. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO.
RECEIVED
ISSUED
BALANCE
Receiving Materials
Report Unit Requisition
Number Quantity Price Number Quantity Amount Date Quantity Unit Price Amount
May 1 285 $30.00 $8,550
40 130 $32 May 4
91 365 May 10
44 110 38 May 21
97 100 May 27
Points:
12 / 20
B. Determine the materials inventory balance at the end of May.
Points:
0 / 1
Feedback
Check My Work
A and B. Calculate the amount of each materials issue, using FIFO. In the Balance section, separate each different unit price and its quantity.
Journal
Shaded cells have feedback.
C. Journalize the summary entry on May 31 to transfer materials to work in process. Refer to the Chart of Accounts for exact wording of account titles.
How does grading work?
PAGE 10
JOURNAL
C. Increase work in process and decrease materials for the total of issuances found in Req. A.
Final Question
Shaded cells have feedback.
D. Explain how the materials ledger might be used as an aid in maintaining inventory quantities on hand.
Comparingquantities on hand as reported in the materials ledger with predetermined order points enables management to order materials beforea lack of materials causes idle time.
Answer:
An incomplete subsidiary ledger of materials inventory for May is as follows:
A. Materials Issuances and balances for the materials subsidiary ledger under FIFO:
RECEIVED ISSUED BALANCE
Receiving Materials
Report Unit Requisition Unit
Number Qty Price Number Qty Amount Date Qty Price Amount
May 1 285 $30.00 $8,550
40 130 $32.00 May 4 415 $12,710
91 365 May 10 50 $32.00 $1,600
44 110 38.00 May 21 160 $5,780
97 100 May 27 60 $38.00 $2,280
B. The materials inventory balance at the end of May is 60 units at $2,280.
C. Debit Work in Process $14,610
Credit Materials $14,610
To record the transfer of materials to work in process.
D. The materials ledger shows the quantities and costs of materials remaining at any point in time. It also indicates the dates for all related transactions. With the quantities of materials received in and issued out and the balances indicated clearly, it is possible to ensure that a required level of inventory remains in stock and to place orders at the right time.
Explanation:
a) Raw materials Inventory Issuance:
Quantity issued = 365
Cost of units issued on May 10 = $11,110 ($12,710 - 1,600)
Cost of units issued on May 27 = $3,500 ($5,780 - 2,280)
Total cost of units issued out = $14,610
Rebecca received a check from her parents for her 20th birthday. She, however, does not have an account at any bank, so she is unable to cash the check. Even though it will cost her a fee, where can Rebecca go to get her money?
A.
rent-to-own service
B.
pawnshop
C.
check cashing business
D.
payday loan business
The answer is C.) check cashing business
The picture will help
Hope this helps
Answer: check cashing business
An alumnus of West Virginia University wishes to start an endowment that will provide scholarship money of $40,000 per year beginning in year 5 and continuing indefinitely. The donor plans to give money now and for each of the next 2 years. If the size of each donation is exactly the same, the amount that must be donated each year at i = 8% per year is closest to:___.
a) $190.820.
b) $122.280.
c) $127.460.
d) $132.040.
Answer:
A
Explanation:
Present value of a perpetuality = amount / interest rate
= $40,000 / 0.08 = $500,000
Let D denote denote denotions
[tex]D + \frac{D}{1 + 0.8} + \frac{D}{1.08^{2} } = $500,000[/tex]
D = $190.820.
Moates Corporation has provided the following data concerning an investment project that it is considering: Initial investment $ 310,000 Annual cash flow $ 137,000 per year Expected life of the project 4 years Discount rate 11 % Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using the tables provided. The net present value of the project is closest to: (Round your intermediate calculations and final answer to the nearest whole dollar amount.)
Answer:
$115,035
Explanation:
Calculation for what the The net present value of the project is closest to:
First step is to calculate the Present value of annual cash flows
Using this formula
Present value of annual cash flows = Annual Cash Flow * PVA of * (11%, 4 years)
Let plug in the formula
Present value of annual cash flows = $ 137,000 * 3.1024456895909
Present value of annual cash flows =$425,035
Now let calculate the net present value of the project
Net present value of the project =$425,035-$ 310,000
Net present value of the project=$115,035
Therefore the The net present value of the project is closest to: $115,035
On January 1, 2015, Lake Co. purchased a machine for $1,056,000 and calculated depreciation using the straight-line method, with an estimated useful life of eight years, and no salvage value. On January 1, 2018, Lake determined that the machine had a useful life of six years from the date of acquisition, and a salvage value of $96,000. An accounting change was made in 2018 to reflect these data. The accumulated depreciation for this machine should have a balance at December 31, 2018, of ________. Group of answer choices
Answer:
$584,000
Explanation:
The computation of the accumulated depreciation is shown below:
But before that following calculations need to be determined
Depreciation for 3 years = $1,056,000 ÷ 8 years × 3 years
= $396,000
Now the written down value is
= $1,056,000 - $396,000 - $96,000
= $564,000
For one year it would be
= $564,000 ÷ 3
= $188,000
Now the accumulated depreciation is
= $396,000 + $188,000
= $584,000
During March, the production department of a process operations system completed and transferred to finished goods 21,000 units that were in process at the beginning of March and 210,000 units that were started and completed in March. March's beginning inventory units were 100% complete with respect to materials and 65% complete with respect to conversion. At the end of March, 40,000 additional units were in process in the production department and were 100% complete with respect to materials and 40% complete with respect to conversion. Compute the number of physical units transferred to finished goods.
Answer:
231,000
Explanation:
Computation for the number of physical units transferred to finished goods.
Using this formula
Transferred Unit = Beginning WIP Units + Units Started
Let plug in the formula
Transferred Unit = 21,000 + 210,000
Transferred Unit = 231,000
Therefore the number of physical units transferred to finished goods will be 231,000
Anne Dietz at Changi #3 (Singapore). Anne Dietz lives in Singapore, but is making her first business trip to Sydney, Australia. Standing in Singapore's new terminal #3 at Changi Airport, she looks at the foreign exchange quotes posted over the FX trader's booth. She wishes to exchange 1,100 Singapore dollars (S$ or SGD) for Australian dollars (A$ or AUD). What Anne sees: Spot rate (SGD = 1.00 USD) 1.3443 Spot rate (USD = 1.00 AUD) 0.7646 a. What is the Singapore dollar to Australian dollar cross rate? b. How many Australian dollars will Anne get for her Singapore dollars? a. What is the Singapore dollar to Australian dollar cross rate? The cross rate is SGD 1.0279 1.0279/AUD. (Round to four decimal places.) b. How many Australian dollars will Anne get for her Singapore dollars? Anne will get AUD nothing . (Round to two decimal places.)
Answer:
a. The Singapore dollar to Australian dollar cross rate is (SGD = 1.00 AUD) 1.0278.
b. The number of Australian dollars Anne will get is 1,070.25 Australian dollars.
Explanation:
a. What is the Singapore dollar to Australian dollar cross rate?
Given:
Spot rate (SGD = 1.00 USD) 1.3443
Spot rate (USD = 1.00 AUD) 0.7646
These imply that:
1.3443 SGD = 1.00 USD ..................... (1)
0.7646 USD = 1.00 AUD ................... (2)
From equation (2), we divide through by 0.7646 to have:
0.7646 / 0.7646 USD = 1.00 / 0.7646 AUD
1.00 USD = 1.3079 AUD
Substituting this into equation (1) and solve as follows:
1.3443 SGD = 1.00 USD = 1.3079 AUD
Dropping 1.00 USD, we have:
1.3443 SGD = 1.3079 AUD
Dividing through by 1.3079, we have:
1.3443 / 1.3079 SGD = 1.3079 / 1.3079 AUD
1.0278 SGD = 1.00 AUD
Therefore, the Singapore dollar to Australian dollar cross rate is (SGD = 1.00 AUD) 1.0278.
b. How many Australian dollars will Anne get for her Singapore dollars?
This can be calculated as follows:
Number of Australian dollars Anne will get = Amount of Singapore dollars Anne wishes to exchange for Australian dollars / Singapore dollar to Australian dollar cross rate = 1,100 / 1.0278 = 1,070.24712979179 Australian dollars
Rounding to two decimal places as required, we have:
Number of Australian dollars Anne will get = 1,070.25 Australian dollars
Therefore, the number of Australian dollars Anne will get is 1,070.25 Australian dollars.
Based on the spot rates between the three nations, the following is true:
The Singapore dollar to Australia dollar is 1.02785178 Singapore Dollars. Anne Dietz will get AUD 1,070.19.To find the cross rate, you should multiply the Singapore dollar to USD rate with the USD to Australian dollar rate:
= 1.3443 x 0.7646
= 1.02785178 Singapore Dollars
The amount that Anne would get for 1,100 SGD is:
= 1,100 / 1.02785178
= AUD 1,070.19
In conclusion, Anne would get AUD 1,070.19.
Find out more about cross rates at https://brainly.com/question/10112843.
Problem 4-54 (LO. 4, 5) Linda and Don are married and file a joint return. In 2020, they received $12,000 in Social Security benefits and $35,000 in taxable pension benefits and interest. The applicable higher/lower bases for Social Security computations for married filing jointly are $32,000 and $44,000. a. Compute the couple's adjusted gross income on a joint return. $fill in the blank 7fe2a4f7afc4f82_1 b. Don would like to know whether they should sell for $100,000 (at no gain or loss) a corporate bond that pays 8% in interest each year and use the proceeds to buy a $100,000 nontaxable State of Virginia bond that will pay $6,000 in interest each year. Assume that their marginal tax rate is 12%. Although the interest received on the state bond is , it still is in modified adjusted gross income, impacting the taxability of the Social Security benefit. Their AGI would be $fill in the blank c572caf67feefd0_3 . c. In the preceding situation part (a), if Linda works part-time and earns $30,000, by how much would Linda and Don's adjusted gross income increase
Answer:
The answer to this question can be defined as follows:
Explanation:
For point a:
Chargeable advantages to social welfare:
[tex]=0.5(\$35000+0.5(\$12000)-\$32000)\\\\ =0.5(9000)\\\\=\$4500[/tex]
Pension benefits etc $35 thousand
Total AGI= [tex]\$39,500[/tex]
For point b:
Additional revenue [tex](\$3,500-\$8,000) = \$27,000[/tex]
Taxable [tex]SSB0.5(27000+\$6000+0.5\times 12000-\$32000)=\$3500[/tex]
AGI = [tex]\$30,500[/tex]
Less: AGI in (a) [tex](\$39,500)[/tex]
Decrease [tex](\$9000)[/tex]
Tax payers' financial income has been down by [tex]\$2000[/tex], but taxable AGI is down by $9,000. The reduction of [tex]\$650(\$2000-\$9000\times 15 \%)[/tex] with a [tex]15\%[/tex]MTR after the tax income.
For point c:
The least of follows [tex]1). \ \ 0.85( \$65000+0.5 \times 12000-\$44000) = \$22950[/tex]
Smaller than that one
Calculated amount with the first formula
Less:
[tex]0.5\times 12000 = \$6000\\\\0.5(\$65000+0.5 \times 12000-\$32000)= \$19500 \ \ or \ \ \$6000\\\\\$22950 +\$6000 = \$28950 \\\\2.0.85 \times 12000 = \$10200[/tex]
That is why Linda and Don have [tex]85\%[/tex]of their gross income from the SSB [tex]\$10200[/tex].
The benefits of social security [tex]\$10200[/tex]
Additional revenues [tex]=\$35000+\$30000 \ \ (addl.inc)= \$ 65000[/tex]
AGI [tex]\$75,200[/tex]
Less (a) AGI ([tex]\$39,500[/tex])
Increases [tex]\$ 35,700[/tex]
AGI growth exceeds earnings increases because more SSB is taxed.
ProTech began business at the start of the current year. The company planned to produce 40,000 units, and actual production conformed to expectations. Sales totaled 37,000 units at $42 each. Costs incurred were: Variable manufacturing overhead per unit $ 19 Fixed manufacturing overhead 240,000 Variable selling and administrative cost per unit 7 Fixed selling and administrative cost per unit 140,000 If there were no variances, the company's variable-costing income would be: Multiple Choice $212,000. $155,000. $240,500. $592,000. None of the answers is correct.
Answer:
C
Explanation:
When giving feedback, you should get directly to the point.
True
or
False
Answer:
It is completely false
Explanation:
Because you should first tell the reason
Chapter 5 Activity Based Costing Licensed Gear Co. manufactures and sells college athletic fan gear and uses activity-based costing for overhead costs. Licensed Gear Co. supplied the following financial information concerning its overhead costs and the activity based costing system in 2020: Overhead costs: Distribution of resource consumption: The amount of activity for the year is as follows: How much OVERHEAD cost would be allocated to Cyclone Tailgaters, a customer who initiated 20 orders and 5 custom designs in 2020
Question Completion:
Overhead costs:
Wages & salaries $ 925,000
Factory depreciation 125,000
Marketing department expenses 330,000
Total $ 1,380,000
Distribution of resource consumption:
Activity Cost Pools
Customer Product Others Total
Orders Designs
Wages & salaries 42% 46% 12% 100%
Factory depreciation 53% 33% 14% 100%
Marketing
department expenses 41% 34% 5 100%
The amount of activity for the year is as follows:
Cost Pool Activity
Customer Orders 2,125 Orders
Product Designs 325 Designs
Answer:
Licensed Gear Co.
The Overhead cost allocated to Cyclone Tailgaters is:
= $15,475.70
Explanation:
a) Data and Calculations:
Distribution of resource consumption:
Activity Cost Pools
Customer Product Others Total
Orders Designs
Wages & salaries 42% 46% 12% 100%
Factory depreciation 53% 33% 14% 100%
Marketing
department expenses 41% 54% 5 100%
Activity Cost Pools: Wages Factory Marketing Total
& salaries Dept. Dept.
Customer orders $388,500 $66,250 $135,300 $590,050
Product Designs 425,500 41,250 178,200 644,950
Others 111,000 17,500 16,500 145,000
Total $925,000 $125,000 $330,000 $1,380,000
Overhead rates: Amount Activity Overhead Rates
Customer orders $590,050 2,125 Orders $277.67
Product Designs $644,950 325 Designs $1,984.46
Cyclone Tailgaters Activity Overhead Rate Allocated Overhead
Customer orders 20 $277.67 $5,553.40
Product designs 5 $1,984.46 $9,922.30
Total overhead costs allocated to Cyclone $15,475.70
"The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $3.1 million, and the 2018 balance sheet showed long-term debt of $3.2 million. The 2018 income statement showed an interest expense of $150,000. During 2018, the company had a cash flow to creditors of $50,000 and the cash flow to stockholders for the year was $90,000. Suppose you also know that the firm’s net capital spending for 2018 was $1,340,000, and that the firm reduced its net working capital investment by $63,000. What was the firm’s 2018 operating cash flow, or OCF? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)"
Answer:
$1,417,000
Explanation:
Cash flow from asset = Cash flow to creditors + Cash flow from shareholders = $50000 + $90000 = $140000
Cash flow from asset = Operating cash flow - Net capital spending - Net change in net working capital
$140,000 = Operating cash flow - $1340000 - (-$63000)
$140,000 = Operating cash flow - $1,340,000 + $63,000
Operating cash flow = $140000 + $1,340,000 - $63,000
Operating cash flow = $1,417,000
Residents of a small nation, Paulastan, idolize the TV show American Idol. All they produce and consume are karaoke machines and CDs. The chart below shows the price and quantity of each good sold in 2015 and 2016.
Karaoke Machines CDs
Quanriry Price Quantity Price
2015 10 $40 30 $10
2016 12 $60 50 $12
Required:
a. Using a method similar to GDP deflator, compute the percentage change in the overall price level. Use 2015 as the base year.
b. Using a method similar to the consumer price index, compute the percentage change in the overall price level. Also, use 2015 as the base year and fix the basket at 1 karaoke machine and 3 CDs.
c. Is the inflation rate in 2016 the same using the two methods? Explain why or why not.
Answer:
A. 37.14
B. 34.70%
C. Not the same
Explanation:
a) Computation of the percentage change in the overall price leve
in 2015 basket price = 1*40+3*10 = $70
in 2015, basket price = 1*60+3*12 = $96
taking 2015 as base year
CPI in 2015 = 70/70 * 100 = 100
CPI in 2016 = 96/70 *100 = 137.14
%age change in price level = 137.14 - 100 = 37.14
b) Computation of the percentage change in the overall price level
GDP deflator = nominal GDP/real GDP * 100
in 2015 : (2015 as base year)
nominal GDP = 10*40+30*10
nominal GDP= $700
real GDP = 10*40+30*10
real GDP = $700
GDP deflator = 700/700 *100
GDP deflator = 100
in 2016 :
nominal GDP = 12*60+50*12
nominal GDP = $1320
real GDP = 12*40+50*10
real GDP = $980
GDP deflator = 1320/980 *100
GDP deflator = 134.70
%age change in price level based on GDP deflator = 134.70 - 100
%age change in price level based on GDP deflator = 34.70%
c) Based on the above calculation for the two methods the inflation rate in 2016 are not the same using the two methods reason been that CPI is 37.14% and GDP deflator is 34.70% .
The income statements of all corporations are in the same format. True or false? Discuss.
Answer:
False
Explanation:
This is false because there are multiple types of statements. There are classified income statements, profit and lose income statement, and an operating statement.
The purpose of market research by entrepreneurs is to:
a) Gather data
b) Analyze data
c) Make better decisions
d) None of the above
Submit
Answer:
C Make better decisions
Answer:
the answer is C to make better decisions
What competition and Five Force Model Analysis?
Answer:
Porter's Five Forces is a framework for analyzing a company's competitive environment. The number and power of a company's competitive rivals, potential new market entrants, suppliers, customers, and substitute products influence a company's profitability.
Government-wide statements report on assets and liabilities that are denied recognition on funds statements. Entrepreneurs Consultants, a state agency, was estab- lished to provide consulting services to small businesses. It maintains only a single general fund and accounts for its activities on a modified accrual basis. During its first month of operations, the association engaged in, or was affected by, the following transactions and events:
1. It received an unassigned grant of $100,000.
2. It purchased five computers at $2,000 each.
3. It paid wages and salaries of $6,000.
4. Itborrowed$24,000fromabanktoenableittopurchase an automobile. It gave the bank a long-term note.
5. It purchased the automobile for $24,000.
6. It made its first payment on the note—interest of $200.
7. It destroyed one of its computers in an accident. The computer was not insured.
a. Prepare journal entries in the general fund to record each of the transactions or other events.
b. Prepare a balance sheet and a statement of revenues and expenditures for the general fund.
c. Prepareagovernment-widestatementofnetposition (balance sheet) and statement of activities. These should be on a full accrual basis. Assume that the capital assets have a useful life of five years and that no depreciation is to be charged on the computer that was destroyed.
Answer:
1. Cash (Dr.) $100,000
Unassigned grant (Cr.) $100,000
2. Computers (Dr.) $10,000
Cash (Cr.) $10,000
3. Salaries and Wages (Dr.) $6,000
Cash (Cr.) $6,000
4. Cash (Dr.) $24,000
Long term bank loan - Notes payable (Cr.) $24,000
5. Automobile (Dr.) $24,000
Cash (Cr.) $24,000
6. Interest Expense (Dr.) $200
Cash (Cr.) $200
7. no entry
Explanation:
Balance Sheet
Assets:
Cash $90,000
Computer $10,000
Automobile $24,000
Total Assets $124,000
Liabilities:
Notes Payable $24,000
Equity:
Grant Received $100,000
Total Equity and Liability $124,000
3) Tobi owns a perpetuity that will pay $1,500 a year, starting one year from now. He offers to sell you all of the remaining payments after the next 25 payments have been paid. (A) What price should you offer him for payments 26 onward if you desire a rate of return of 8 percent
Answer:
you should pay up to $2,737.84 to Tobi
Explanation:
first, the terminal price of the perpetuity must be determined = annual payment / r = $1,500 / .08 = $18,750
now, the present day value of the future terminal value
present value = future value / (1 + r)ⁿ = $18,750 / (1 + 8%)²⁵ = $2,737.84
3. Why accrue an expense?
what are the five economic lssues??
Answer:
Economic issues facing the world economy, as well as regions and countries, include prospects for growth, inflation, energy and the environment, inequality, labor issues, emerging markets, and the impact of new technologies.
New technology: Group of answer choices seldom contributes to competitive advantage or operational efficiency. frequently enables competitive advantage from product/service differentiation at lower cost. seldom enables competitive advantage from product/service differentiation at lower cost. frequently enables competitive advantage from product/service differentiation, but typically at higher cost. frequently enables operational efficiencies, but seldom enables competitive advantage.
Answer:
frequently enables competitive advantage from product/service differentiation at lower cost.
Explanation:
According to economic theory, technology is one of the factors that contributes to economic growth.
It also increases the competitive advantage of a firm by increasing the amount of goods that can be produced and also increases the quality of the output.
Differentiation is achieved at a lower cost.
A company has fixed costs of $96,800. Its contribution margin ratio is 44% and the product sells for $61 per unit.
What is the company's break-even point in dollar sales?
$220,000
Explanation:
Calculation for the company's break-even point in dollar sales
Using this formula
Break-Even point in dollars sales= Fixed Costs ÷ Contribution Margin
Let plug in the formula
Break-Even point in dollars sales=$96,800/44%
Break-Even point in dollars sales=$220,000
Therefore the company's break-even point in dollar sales will be $220,000.
Hi I need help with this question. I don't know what I'm doing so I hope you can explain how to solve it. Thank you in advance.
1. Marina Stengart used her company laptop to communicate with her lawyer via her
personal, password-protected, web-based email account. The company's policy
stated:
E-mail and voice mail messages, internet use and communication, and computer
files are considered part of the company's business and client records. Such
communications are not to be considered private or personal to any individual
employee. Occasional personal use is permitted; however, the system should
not be used to solicit for outside business ventures, charitable organizations,
or for any political or religious purpose, unless authorized by the Director of
Human Resources.
After she filed an employment lawsuit against her employer, the company hired an
expert to access her emails that had been automatically stored on the laptop. Are
these emails private?
Answer
cool
Explanation:
i dont know
What type of business organization generates the most total sales
Answer:
probably the medical field
PLEASE HELP I NEED TO RAISE THIS GRADE
Answer:
I think it is the last one.
Explanation:
Hope this helped Mark BRAINLEST!!!!
1. There are 20 forging presses in the forge shop of a small company. The shop produces batches of forgings requiring a setup time of 3.0 hours for each production batch/machine. Average standard time for each part in a batch is 45 seconds, and there are 600 parts in a batch/machine. The plant workforce consists of two workers per press, two foreman, plus three clerical support staff. (a) Determine how many forged parts can be produced in 1 month, if there are 8 hours worked per day and average of 21 days per month at one shift per day. (b) What is the labor productivity ratio of the forge shop, expressed as parts per worker-hour
Answer:
The solution according to the given scenario is described below.
Explanation:
The given values are:
No. of foreign presses,
= 20
Required setup time,
= 3 hours
Average standard time,
= 45 seconds
Average produced batch,
= 600
Now,
(a)
The number of workers will be:
= [tex]20\times 2+2+3[/tex]
= [tex]40+2+3[/tex]
= [tex]45[/tex]
The total time for batch's production will be:
= [tex]3\times 60+(45\times \frac{600}{60} )[/tex]
= [tex]180+45\times 10[/tex]
= [tex]630 \ minutes[/tex]
or
= [tex]10.5 \ hours[/tex]
The total number of hours per month will be:
= [tex]8\times 21[/tex]
= [tex]168 \ hours[/tex]
then,
The total batches per month will be:
= [tex]\frac{168}{10.5}[/tex]
= [tex]16 \ batches \ per \ month[/tex]
Total batches = [tex]20\times 16[/tex]
= [tex]320[/tex]
Now,
The produced pieces will be:
= [tex]320\times 600[/tex]
= [tex]192000 \ pieces/month[/tex]
(b)
[tex]Labour \ productivity= \frac{ Total \ production}{ Labour \ hours }[/tex]
On substituting the given values, we get
[tex]=\frac{192000}{(8\times 21\times 45)}[/tex]
[tex]=25.4 \ per \ worker \ hours[/tex]
The labor productivity ratio is the ratio analytical tool that determines the efficiency of labor to perform their task and provide higher returns and production in the specified time limit. It is determined by taking into consideration the total number of products and the labor hours provided to each labor per day.
a) The number of forged parts that can be produced in 1 month is 192,000 pieces per month.
b) The labor productivity ratio of the forged shop is 25.40 per labor hour.
Computations:
a)
[tex]\begin{aligned}\text{Number of pieces}&=\text{Total Batch}\times\text{Parts in Batch per Machine}\\&=320\;\text{batches}\times600\;\text{parts}\\&=192,000\;\text{pieces per month}\end{aligned}[/tex]
Working Note:
[tex]\begin{aligned}\text{Number of Workers}&=\left(\text{No. of foreign presses}\times\text{Worker per press}\right)\\&+\text{Worker per press}+\text{Setup Time}\\&=\left(20\times2 \right )+2+3\\&=45\;\text{no. of workers} \end{aligned}[/tex]
[tex]\begin{aligned}\text{Time for batch production}&=\text{Setup Time}\times\text{Average produced batch}\\&+\left(\text{No. of workers}\times\frac{\text{Average produced batch}}{\text{Minutes}} \right )\\&=3\times60+\left(45\times\frac{600}{60}\right)\\&=630\;\text{minutes or}\;10.50\;\text{hours}\end{aligned}[/tex]
[tex]\begin{aligned}\text{Total Batches}&=\text{No. of Foreign Presses}\times\text{Total Batches per month}\\&=20\times\left(\frac{\text{hours per day}\times\text{days per month}}{\text{Total time for batch production}} \right )\\&=20\times\left(\frac{8\times21}{10.50} \right )\\&=320\end{aligned}[/tex]
b) The labor productivity is computed as follows:
[tex]\begin{aligned}\text{Labor Productivity}&=\frac{\text{Total Production}}{\text{Labor hours}}\\&=\frac{192,000}{8\times21\times45}\\&=25.4\;\text{per worker hours}\end{aligned}[/tex]
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https://brainly.com/question/16016669
Joan is a self-employed attorney in New York City. Joan took a trip to San Diego, CA, primarily for business, to consult with a client and take a short vacation. On the trip, Joan incurred the following expenses: Airfare to and from San Diego $ 975 Hotel charges while on business 300 Meals while on business 280 Car rental while on business 90 Hotel charges while on vacation 420 Meals while on vacation 308 Car rental while on vacation 180 Total $2,553
Answer:
$1,505
Explanation:
Calculation for Joan's travel expense deduction for the trip
Travel expense deduction= $975 (flight) + $300 (business hotel) + $140 (business meals $280 x 50%) + $90(business car)
Travel expense deduction=$1,505
Therefore Joan's travel expense deduction for the trip will be $1,505
For each of the following separate transactions: Sold a building costing $39,000, with $23,600 of accumulated depreciation, for $11,600 cash, resulting in a $3,800 loss. Acquired machinery worth $13,600 by issuing $13,600 in notes payable. Issued 1,360 shares of common stock at par for $2 per share. Note payables with a carrying value of $41,800 were retired for $50,600 cash, resulting in a $8,800 loss. (a) Prepare the reconstructed journal entry. (b) Identify the effect it has, if any, on the investing section or financing section of the statement of cash flows.
Answer:
Date General Journal Debit Credit
Cash $11,600
Accumulated dep - Building $23,600
Loss on sale of assets $3,800
Building $39,000
(To record sale of building)
Machinery $13,600
Note payable $13,600
(To record acquisition of machinery)
Cash $2,720
Common stock $2,720
(To record issuance of common stock)
Note payable $41,800
Loss on retiring of debt $8,800
Cash $50,600
(To record payment of cash to retire debt)
2. Cash flow from investing activities
Cash received from sale of building $11,600
Net cash provided by investing activities $11,600
Cash flow financing activities
Cash received from issuance of common stock $2,720
Cash paid to retire note $(50,600)
Net cash used by financing activities $(47,880)
(a) Write down 5 projects you think will lend themselves well to a Cost Benefit Analysis. Include for each of them, reasons as to why you believe they can be properly analyzed.
(b) Write down 5 projects you think do not lend themselves to a Cost Benefit Analysis. Include for each of them, reasons as to why you believe they can not be properly analyzed (e.g. the scope is too broad, information is hard/impossible to obtain, they are technologically infeasible, etc).
(c) Among the projects in part a, choose the one you would be most excited to work on and explain why.
(d) Among the projects in part b, choose the one you would be least excited to work on and explain why.
Answer:
A)
Food chain project, Tech startup, Road construction , expansion of clothing line, construction of dams
B)
Investment in stocks, National economic planning , Railway construction , Employee housing, Investment in Insurance
C) The food chain project
D) Investment in stocks
Explanation:
A) 5 projects that will lend themselves well to a cost benefit analysis
Food chain project ; A food chain project can lend itself properly to cost benefit analysis, The owner or Financier of the project can estimate the exact costs to be incurred in adding various delicacies to the Food chain project and he can also evaluate the revenue that each delicacy can generate at a given time based on the demand hence cost benefit analysis can be applied here A tech startup : A tech startup can effectively implement cost benefit analysis by evaluating the cost of employing programmers based on their input and the revenue expected to be generated from the Tech startup products.Road construction project : A road construction project is usually broken down into different project phases and this phases help the project coordinator to have an overview of the cost benefit of the project.Expansion of a clothing line : In The expansion of a clothing line Cost Benefit Analysis can be applied, I.e. the cost of setting up clothing stores in various regions will be calculated first and then the expected profits from those outlets can be determine within a period construction of dams : The cost benefit analysis will compare the cost of building and the benefit / revenue to be generated in the long runB) 5 projects that do not lend themselves to cost benefit analysis
Investment in stocks : The cost benefit analysis cannot be properly carried out in this can of project because some uncertainties associated with stocks National economic planning project; Cost benefit analysis can not be properly implemented her because the sole aim of National economic planning is to sustain the economy and some uncertainties can erupt which was not included in the economic planRailway project : Due to the terrain of some areas the exact cost benefit analysis can not be properly implemented and also the scope of railway construction is broad in general.Employee housing project : Cost benefit analysis cannot be implemented here because the housing project does not benefit the company that owns the building but just the employees Investment in Insurance : The cost benefit analysis can not be properly implemented due to the uncertainties that life bringsC) In part A The best project for me is
The food chain project and this is due to is simplicity in analysis via the cost benefit analysis
D) In part B the Least project for me is
Investment in stocks and this is due to the Volatility and uncertainty surrounding stock investment and trading