Che Required information The Foundational 15 (Algo) [LO2-1, LO2-2, LO2-3, LO2.4) The following Information applies to the questions displayed below! Sweeten Company had no jobs in progress at the beginning of the year and no beginning inventories. It started, completed, and sold only two jobs during the year-Job P and Job Q. The company uses a plantwide predeterinined overhead rate based on machine hours. At the beginning of the year , it estimated that 4,000 machine-hours would be required for the period's estimated level of production. Sweeten also estimated $32,200 of fixed monufacturing overhead cost for the coming period and variable manufacturing overhead of $3,50 per machine-hour Because Sweeten has two manufacturing departments-Molding and Fabrication-It is considering replacing its plantwide overhead rate with departmental rates that would also be based on machine hours. The company gathered the following additional Information to enable calculating departmental overhead rates: Molding Fabrication Total Estimated total machine-hours used 2,500 1,500 4.000 Estimated total fixed manufacturing overhead $ 14,500 $17.700 $ 32,200 Estimated variable manufacturing overhead per machine-hour $ 3.20 $4.00 The direct materials cost, direct labor cost and machine-hours used for Jobs P and Q are as follows: Job Job Direct materials 5 31,000 $ 17,000 Direct labor cost $ 35,400 $ 14,700 Actual machine-hours used Molding 3,500 2,600 Fabrication 2,400 2.700 Total 5,900 Sweeten Company had no overapplied or underapplied manufacturing overhead cos during the year. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. For questions, 9-15, assume that the company uses predetermined departmental overhead rates with machine-hours as the allocation base in both departments. 5,300 HE Next > Foundational 2-14 (Algo) 14. Assume that Sweeten Company uses cost.plus pricing and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. If Job P includes 20 units and Job includes 30 units, what selling price would the company establish for Jobs P and Q? What are the selling prices for both jobs when stated on a per unit basis? (Do not round intermediate calculations. Round your final answers to nearest whole dollar) Total price for the job Selling price per unit Job P $ 215,100 $ $ 10,755 $ Job 175,968 5,865
Answers
Sweeten Company uses cost-plus pricing with an 80% markup on total manufacturing cost to establish selling prices for its jobs.
To determine the selling prices for Jobs P and Q, the company applies an 80% markup to the total manufacturing cost of each job. For Job P, the total manufacturing cost is $92,300, calculated by summing the direct materials cost, direct labor cost, and applied overhead. Applying an 80% markup to the manufacturing cost, the selling price for Job P is $166,140. Dividing this amount by the 20 units in Job P yields a selling price per unit of $10,755.
For Job Q, the total manufacturing cost is $50,700, obtained by adding the direct materials cost, direct labor cost, and applied overhead. Applying an 80% markup, the selling price for Job Q is $91,260. Dividing this by the 30 units in Job Q results in a selling price per unit of $5,865.
Hence, the selling price established by Sweeten Company for Job P is $215,100 ($10,755 per unit), and for Job Q, it is $175,968 ($5,865 per unit) when stated on a per unit basis.
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Related Questions
Your roommate told you she doesn’t need renter’s insurance because her parent’s homeowner’s policy covers her stuff. Is she correct? Explain your answer.
Answers
Answer: no she is not correct because if she has her own house or apartment then no she is not on homeowner's insurance. now she has to get her own.
Explanation:
hope this helps.
The roommate should not be correct.
What is insurance?Insurance represents the arrangement where the company or the government agency gives the guarantee with respect to the compensation for the particular loss, damage and in return, the payment should be made with respect to the premium. Also, she is not correct since she has her own house so it is not the homeowner insurance.
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Choosing to go to college over getting a job right out of high school is an example of a(n)___.
fixed cost
opportunity cost
Ο Ο Ο
variable cost
O none of the above
Answers
Because your are choosing to do one out of the two
Which of the following is an example of bartering?
A. Buying a candy floss at a supermarket for Rs 20
B. Trading a cup of oil for a cup of pulses
C. Donating $2000 for charity
D. Trading $5 for a chocolate bar with your friend
Answers
Trading a cup of oil for a cup of pulses is an example of bartering among the following. (Option B)
What is meant by bartering?A barter economy is a cashless economic system where goods and services are exchanged at agreed-upon prices. One of the earliest forms of economies is barter, which predates both monetary systems and written history. Barter may be used effectively in practically any industry.
Why is bartering practiced?Bartering is the process of exchanging products or services between two parties without the use of money. Everyone wins when people trade goods or services because they get what they need or want. Another benefit of bartering is that it allows those without access to financial resources to acquire necessities.
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what's an economy? how does it work?
Answers
What is an economy:
The wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.
How does it work:
The three principles that describe how the economy as a whole works are: (1) a country's standard of living depends on its ability to produce goods and services; (2) prices rise when the government prints too much money; and (3) society faces a short-run tradeoff between inflation and unemployment.
Hope this helps :)
will give brainliest if correct (repost)
Answers
Answer:
decrease in demanded
Explanation:
the green one is the answer
Answer:
The other person is correct
Explanation:
have a great rest of your day :)
To avoid the risk of fraud associated with inventory manipulation Multiple Choice the company Chief Executive Officer CEO should supervise the counting of inventory the employee in charge of counting inventory should be different from the employee in charge of recording inventory transactions companies should not sell inventory all inventory must be counted by government regulators
Answers
To avoid the risk of fraud associated with inventory manipulation, the employee in charge of counting inventory should be different from the employee in charge of recording inventory transactions.
Separation of duties is an important control measure to mitigate the risk of inventory fraud. By having different employees responsible for counting and recording inventory, it creates a system of checks and balances. This ensures that there is independent verification of inventory quantities and reduces the opportunity for collusion or manipulation. Additionally, involving the CEO in supervising the inventory counting process adds an extra layer of oversight and accountability. It is not necessary for companies to stop selling inventory or rely solely on government regulators for inventory counting to address fraud risks.
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Select from the following those items that characterize a certified public accountant. (Select all that apply)
A.May file tax returns
B.May provide opinions regarding the accuracy of financial statements
C.May complete audits of corporate financial records
Answers
The items that characterize a certified public accountant (CPA) include qualifications to file tax returns, provide opinions on the accuracy of financial statements, and complete audits of corporate financial records.
A. May file tax returns: CPAs are qualified to file tax returns for individuals, businesses, and organizations. They can assist clients in maximizing deductions and credits, ensuring compliance with tax laws, and minimizing tax liability.
B. May provide opinions regarding the accuracy of financial statements: CPAs have the expertise to review and analyze financial statements for accuracy and compliance with accounting standards. They can provide an informed opinion on the reliability of these statements, which can be used by stakeholders, such as investors and lenders, to make informed decisions.
C. May complete audits of corporate financial records: CPAs are authorized to perform audits on corporate financial records. During an audit, a CPA will examine a company's financial records to ensure they are accurate and in compliance with accounting standards and regulations.
In summary, a certified public accountant (CPA) is a professional with the qualifications to file tax returns, provide opinions on the accuracy of financial statements, and complete audits of corporate financial records.
These responsibilities ensure that businesses and individuals remain compliant with financial regulations and make informed decisions based on accurate financial information.
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A company in Maine sends lobsters to France What is Maine doing? Select three options
Answers
Answer:
Following are the answer to this question:
Explanation:
Some information is missing in the question. So, the correct choices can be described as follows:
i) practicing international trade
ii) exporting products
iii) participating in globalization
Maine has been globally traded because its, company transfers it's own goods at international frontiers when a client gives lobster with France in Maine. It exports products as its goods are manufactured in one nation, in this scenario the USA, is one other country, France in this case.Finally, it participates in the process of globalization because the company operates internationally by selling its products.Answer:
B. practicing international trade
C. exporting products
D. participating in globalization
In ________, one firm provides the product or service in a particular industry, which results in less price competition.
Answers
In Monopolies, one firm provides the product or service in a particular industry, which results in less price competition.
What is Monopoly ?
A monopoly is a firm who is the sole seller of its product, and where there are no close substitutes. An unregulated monopoly has market power and can influence prices.
Monopoly is also a situation where there is a single seller in the market. In conventional economic analysis, the monopoly case is taken as the polar opposite of perfect competition. By definition, the demand curve facing the monopolist is the industry demand curve which is downward sloping.
The advantage of monopolies is the assurance of a consistent supply of a commodity that is too expensive to provide in a competitive market. The disadvantages of monopolies include price-fixing, low-quality products, lack of incentive for innovation, and cost-push inflation.
Examples: Microsoft and Windows, DeBeers and diamonds, your local natural gas company.
Natural gas, electricity companies, and other utility companies are examples of natural monopolies. They exist as monopolies because the cost to enter the industry is high and new entrants are unable to provide the same services at lower prices and in quantities comparable to the existing firm.
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Definition for crime and violence
Answers
Answer:
Crime can therefore be defined as a violation of the law and an act of deviance from established rules, or a non-commission of an action that is required by law. Violence, on the other hand, is an act of physical aggression that in most cases results in harm.
Match the types of goods with their characteristics regarding exclusivity and rivalry. The task is to match the lettered items with the correct numbered items. Appearing below is a list of lettered items. Following that is a list of numbered items. Each numbered item is followed by a drop-down. Select the letter in the drop down that best matches the numbered item with the lettered alternatives. a. It can be exclusive or not It can be rival or not b. It is exclusive It is rival c. It is nonexcusive It is nonrival 1. Semiprivate Goods and Services a 2. Private Goods and Services a 3. Public Goods and Services
Answers
Answer:
1. Excludability
2. Rivalry in Consumption
3. 4 Different Types of Goods
4. Private Goods
Explanation:
The recommended questions when finding root causes of an accident consists of the following EXCEPT. A. What caused the workers' behaviour that contribute to the accident? B. Why cannot the workers think and are so careless in doing his job? C. Why was the work condition not checked and corrected earlier? D. Why the equipment used was not checked and maintained?
Answers
The recommended questions when finding root causes of an accident consists is except why cannot the workers think and are so careless in doing his job?. Option b is correct.
An accident is an unplanned event or occurrence that occurs, resulting in death or injury to people, damage to the environment, and damage to equipment or materials. The root cause of an accident is the main reason why an accident occurred. Identifying the root cause of an accident can help prevent it from happening again.
The recommended questions when finding root causes of an accident consists of the following:
What happened?What was the cause?What could be done to prevent it from happening again?Why the equipment used was not checked and maintained?What caused the workers' behavior that contributed to the accident?Why was the work condition not checked and corrected earlier?Therefore, b is correct.
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Simba is looking for a financial institution to give him a loan for a new house. Which of these institutions would be LEAST likely to provide this service?
savings and loan institution
credit union
brokerage firm
commercial bank
Answers
Answer:
Brokerage firm
Explanation:
The takings clause of the Fifth Amendment to the Constitution allows
A. courts to decide whether the possession of a gun by an individual is valid or unnecessary.
B. federal government to impact contractual relationships between companies.
C. courts to decide if a state law is invalid or unconstitutional because it conflicts with a federal law or a policy of a federal institution.
D. government to take specific resources away from private owners for public use upon the payment of just compensation.
E. federal government to regulate business activity under foreign and interstate commerce.
Answers
The takings clause of the Fifth Amendment to the Constitution allows the government to take specific resources away from private owners for public use upon the payment of just compensation.
The correct option is D. government to take specific resources away from private owners for public use upon the payment of just compensation.
The takings clause of the Fifth Amendment, also known as the "Takings Clause" or "Eminent Domain Clause," grants the government the power to take private property for public use as long as just compensation is provided to the property owner. This allows the government to acquire land or resources needed for public projects such as infrastructure development, public utilities, or other public purposes. The government must compensate the property owner at fair market value to ensure that the taking is done in a just and equitable manner.
However, the government must provide just compensation to the property owner, which typically means fair market value for the property being taken. The takings clause ensures that private property rights are protected and that individuals are fairly compensated when their property is taken for public purposes. It does not relate to the possession of guns, contractual relationships, invalidating state laws, regulating business activity, or impacting interstate commerce, as mentioned in the other options.
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Sergei’s boss has very strong opinions and often frowns upon questions from the team. This creates an environment where everyone just agrees with the boss decisions without questioning them
Answers
Knowing and comprehending each team member's opinions personality type will enable you to assign tasks in a way that best suits their interests and passions.
By doing this, you will raise team morale and productivity to their highest levels. Therefore, I always let my manager know when I'm having an issue. I jot out a list of my annoyances. I request a meeting with my employer opinions and explain these issues in detail. I want to be sure I'm not coming out as rude or sounding like I'm making any accusations against my supervisor. Good staff knowledge results in higher output and results.
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You are the project manager and you are currently involved with the development of the project management plan. Which of thefollowing should be included within the process improvement plan?
Answers
As a project manager, you should ensure that the process improvement plan includes the following:
1. Identification of processes that need improvement
2. Definition of process improvement goals and objectives
3. Description of the methodology that will be used to implement process improvements
4. Roles and responsibilities of team members involved in process improvements
5. Identification of resources required for process improvement activities
6. Timeline for implementing process improvements
7. Metrics for measuring the success of process improvements
8. Procedures for monitoring and controlling process improvements
9. Documentation of process improvement activities for future reference and continuous improvement.
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Rapidly growing firms pay high dividends to shareholders.a. true b. false
Answers
true Rapidly growing firms pay high dividends to shareholders
What is dividends ?A dividend is a profit distribution made by a corporation to its shareholders. When a corporation makes a profit or has a surplus, it can pay a portion of the profit to shareholders as a dividend. Any money that is not distributed is re-invested in the company.
A dividend is cash distributed to shareholders from profits. They are usually paid once a quarter. AT&T, for example, has made similar distributions for several years, with its 2021 third-quarter issue priced at $2.08 per share.
A dividend is the distribution of a portion of a company's earnings to a specific group of shareholders.
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what is the opposite of the opposite of left???
if you get it fight you get brainliest!!!!
Answers
Answer:
Opposite of left, right. Opposite of right, left
I lost some brain cells O.O
Answer:
left??? i think
Explanation:
A precisely measured volume of 250.0 mL of a saturated NaCl(aq) solution at room temperature is heated to
evaporate the solvent and crystallize the solute.
The mass of the dry solute is measured to be 87.9 g.
What is the solubility of the sodium chloride solution?
Answers
Answer:
0.3516 g/mL
Explanation:
Solubility = Mass of dry solute/ Volume of aqueous solution
= 87.9g / 250 ml
= 0.3516 g/mL
The solubility of NaCl is 0.3516/g/L.
What is Solubility?Solubility is the amount of solute that can be dissolved in a solution at a fixed temperature.
It is given by :
Solubility = Mass of solute/ Volume of aqueous solution
The volume of the solution is 250 ml.
The mass of the solute is 87.9 gm
The solubility = 87.9 / 250 = 0.3516 g/L
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The government has the most influence over the production of goods and
services in which economic system?
A. Mixed economy
B. Command economy
C. Traditional economy
O D. Market economy
Answers
Answer: command economy
Explanation:
just took test
The government has the most influence over the production of goods and
services in the Command economy system. Hence, option B is appropriate.
What is the meaning of economy?An economy is a region where products and services are produced, distributed, traded, and consumed. It is generally understood to be a social domain that emphasizes the behaviors, discourses, and tangible manifestations connected to the creation, utilization, and management of finite resources.
Whether an entity is a country or a small town, an economy includes all of the activities connected to the production, consumption, and trade of products and services in that entity. Every economy is different. Each is shaped by the resources, laws, cultures, histories, and geographies that are unique to it.
The system that determines how limited resources are used to produce and consume goods and services is known as an economy. Resources include the likes of land and people.
Hence, option B is correct.
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Select all the correct answer.
What type of factor of production is a bulldozer?
Oland
O labor
O capital
O entrepreneur
Answers
Answer:
capital
Explanation:
bulldozer is bought with capital.
Please help I'm about to fail my class and i will be grounded for life, 100 pts for it! its financial literacy
Part One–Research
Imagine you bought 100 shares of stock three years ago and are selling it today. Select a company and research its stock prices. You can start with websites like Nasdaq and Fidelity. Determine the stock's price three years ago, or the purchase price, and its price today, or the selling price.
Part Two–Determine the Real Return
Calculate the real return of your stock investment using the following information:
Purchase price of 100 shares of stock
Selling price of 100 shares of stock
10% tax rate
3% inflation rate
2% administrative fee on the selling price of the stock
Part Three–Evaluate
Analyze your research and calculations, and answer the following questions:
What company did you select to buy stock in? Why did you select the company?
Consider the real return of the stock investment. Do you consider it a wise investment? Why or why not?
Answers
1. I imagine buying 100 shares of Amazon.com Inc. on January 3, 2020, when the stock price was $93.75, investing $9,375.
Today, October 31, 2022, the stock price of Amazon.com Inc. is $102.44.
2. The real return on my investment in Amazon.com Inc was a net loss of 7.12% or $667.60.
3. The company I selected to buy its stock three years ago was Amazon.com Inc.
4. I decided on Amazon.com Inc., hoping to earn spectacular returns since it is a multinational technology company.
5. When I consider the actual return on the stock investment in Amazon.com Inc., I think it was an unwise investment.
6. The investment returned a negative real value because I realized less than I initially invested; I actually lost about $667.60 overall.
What is the stock investment?Stock investment is the purchase of shares for an ownership interest in a publicly-listed company.
The investor makes the investment with the hope that the investee will grow and perform well over some period, enabling the investor to earn some real returns (in the form of dividends and capital appreciation).
Purchase of 100 shares Jan. 3, 2020 = $9,375 (100 x $93.75)
Sales of 100 shares Oct. 31, 2022 = $10,244 (100 x $102.44)
Tax (10%) = $1,024.40 ($10,244 x 10%)
Inflation (3%) = $307.32 ($10,244 x 3%)
Administration fee on sales (2%) = $204.88 ($10,244 x 2%)
Real Returns in dollars = $8,707.40 ($10,244 - $1,024.40 - $307.32 - $204.88)
Loss on returns = $667.60 ($8,707.40 - $9,375)
Loss percentage = 7.12% ($667.60/$9,375 x 100)
Unfortunately, Amazon.com Inc. did not pay any dividends during the period of my investment, and I really lost funds to taxes, inflation, and administration fees when I sold it.
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5
Tina plans to buy her first car, but she has no credit history. The bank will give her a loan if she has a co-signer. How can Tina MOST accurately
and efficiently meet their request?
Answers
Answer:
FInd a co-signer with equivalent credit score.
Explanation:
Tina does not have credit history. She can receive the loan if she has a collateral or co-signer as base for loan. But it must meet all requests. The collateral must have the right estimation and ownership. Co-signer must have required credit score and credit history.
Answer:
Ask her mother to join a credit union with her.
Explanation:
Although a consumer may be happy with your company’s product/service, they will not hesitate to switch if another company provides additional value. This is why you should strive to ________ your customers
Answers
Answer:
delight
Explanation:
Consumer satisfaction refers to the level of happiness that a customer derives from the consumption or use of any product or service. The information related to the customer satisfaction is derived from the surveys and ratings. These information helps in the betterment and improvement of the product and services.
Delighting the customer is a very important part of marketing. This helps in maintaining the customer relation.
What total amount of money would you have if you invested $5,000 at 2% interest for 3 years and the interest was calculated using the simple interest method? Use the simple interest example above as a guide to calculate simple interest, please show your work.
Answers
Answer:7,445.50
Explanation:
Answer:
simple Interest: $5,300.00
Annually Compounded Interest: 5,306.04
Explanation: Compound Interest means that you earn "interest on your interest", while Simple Interest means that you don't - your interest payments stay constant, at a fixed percentage of the original principal.
A contractual agreement in which one firm permits another to produce and market its product and use its brand name in return for a royalty or other compensation is known as:
Answers
This question is incomplete because the options are missing; here is the complete question:
A contractual agreement in which one firm permits another to produce and market its product and use its brand name in return for a royalty or other compensation is known as:
A. Joint venture.
B. Licensing.
C. Countertrade.
D. Strategic alliance.
E. Export-import agent.
The correct answer is B. Licensing
Explanation:
In businesses, licensing refers to a type of agreement between two companies or firms that involves one of the firms is allowed to use the brand, model, and other business elements of the other firm. This often involves the firm can produce the product of the other firm for a time. Moreover, in compensation, the firm whose product is being produced receives money or any other benefit. This type of agreement is often beneficial for the two firms involved because the firm sharing its model and product can expand its popularity, while the other firm can obtain profits. This agreement is the one described because only in this one firm permits another to use its brand and produce its product.
The north american free trade agreement (nafta) is a trade agreement between the united states, canada, and mexico that took effect in 1994. it eliminated many tariffs and restrictions to allow free trade among these countries. discuss the positive and negative effects of the north american free trade agreement on the united states. support your conclusions with examples and evidence from the lesson.
Answers
The positive influence of NAFTA are:
Boast trade.Increase in economic output.More participation in foreign investment. etc. What is the agreement about?Others are:
Negative effect are:
U.S. jobs lost due to domestic manufacturers moving to lower-waged area of Mexico.Suppressed wages in terms of U.S. manufacturing plants.Note that the North American Free Trade Agreement (NAFTA) was known to have started off in 1994 to increase or bring about a boast in trade that took place between the U.S., Mexico, and Canada.
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If the local government imposed a minimum wage of $4 in productionville, how many people would be unemployed
Answers
If the local government imposed a minimum wage of $4 in production Ville, then employment will decrease by 0.
Who among the following would be counted as unemployed?
If a person does not have a job, has actively sought employment during the previous four weeks, and is currently eligible for employment, they are considered to be unemployed.
How do we figure out the unemployment rate?
To find the proportion of unemployed people, divide the number of unemployed people by the total workforce, and multiply the result by 100.
What is considered the natural rate of unemployment?
Many people believe that a rate of unemployment between 4% and 5% indicates full employment and is not very alarming. The lowest rate of unemployment that exists while inflation is steady or when it is not increasing is known as the natural rate of unemployment.
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FILL THE BLANK.
Mere possession of a billy club is a felony under the dangerous weapons control statutes. Any person who sells a BB gun to a person under ___ years old is guilty of a _____________.
Answers
The possession of a billy club is a felony under dangerous weapons control statutes, while selling a BB gun to a person under a 18 years of age age is considered a criminal offense.
Under dangerous weapons control statutes, the mere possession of a billy club is classified as a felony offense. A billy club is a type of weapon typically consisting of a heavy, often cylindrical object, such as a wooden stick or metal rod, used for self-defense or as a weapon. Possessing a billy club is illegal under these statutes, indicating the severity of the offense.
Additionally, the sale of a BB gun to a person below a certain age is considered a criminal act. A BB gun is an air-powered gun that shoots small metal or plastic pellets, commonly referred to as BBs.
The specific age threshold for the prohibition may vary depending on local laws and regulations. Selling a BB gun to someone below this age limit is regarded as a violation of the law, highlighting the need to regulate the sale and possession of such firearms, particularly in the context of minors.
These regulations aim to ensure public safety and prevent the misuse of potentially dangerous weapons. By criminalizing the possession of billy clubs and regulating the sale of BB guns to minors, the statutes serve as measures to mitigate the risks associated with the possession and use of such items.
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How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.