The production budget schedule was prepared for MC Packaging Limited based on sales quantities, opening and closing finished stocks, and total requirements for each can size. The unit production cost was calculated for each can size based on direct materials, direct labor, and production overhead costs.
a. Production budget schedule:
Can size Sales quantity Opening finished stock Total requirements Closing finished stock Production
Large 4,000 300 4,400 400 4,100
Medium 5,000 200 5,200 150 5,050
Small 3,500 150 3,650 80 3,580
Total 12,500 650 13,250 630 12,730
b. Unit production cost:
Can size Direct materials Direct labour Production overhead Total unit cost
Large $12.50 $15.63 $6.21 $34.34
Medium $9.25 $5.85 $4.69 $19.79
Small $5.75 $3.13 $2.98 $11.86
c. Material usage budget schedule (quantities and value):
Material Opening stock Total requirements Closing stock Usage (quantities) Usage (value)
Aluminum strips 220 13,250 150 13,030 $39,090
Packaging materials 80 11,250 50 11,170 $11,170
d. Materials purchases budget schedule (quantities and value):
Material Total requirements Opening stock Closing stock Purchases (quantities) Purchases (value)
Aluminum strips 13,250 220 150 13,180 $39,540
Packaging materials 11,250 80 50 11,220 $11,220
e. Direct labor budget schedule (hours and value):
Activity Large can Medium can Small can Total
Fitters and turners 5,000 6,250 4,375 15,625
Assemblers and packers 1,800 1,250 1,140 4,190
Total 6,800 7,500 5,515 19,815
The total direct labor cost is $166,310.
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C&s operates large businesses but is not well-known by consumers. It has more than 75 high-tech facilities in 15 states and supplies supermarkets and institutions with more than 170,000 different products. C&s is a:.
Based on the fact that C&S is a huge business that supplies supermarkets, it is a wholesaler.
What is a wholesaler?A wholesaler is a company/ store that supplies retail outlets with the goods that they then sell to the final consumer.
C&S is a wholesaler because it supplies goods to supermarkets and institutions for them to then sell to the final consumer.
Wholesalers are also not very well known by consumers because they don't sell directly to them.
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During the economic downturn, alejandro’s neighbor, a successful accountant, lost his job and had to sell his house. Alejandro decided that this neighbor "must have really messed up at his work. " this is an example of.
A successful accountant who was Alejandro's neighbor lost his job and had to sell his home due to the recession. This neighbor "must really have messed up at his employment," Alejandro reasoned. This is an illustration of a simple worldview.
What is an economic downturn?When the value of stocks, real estate, and commodities decreases, productivity either stagnates or declines, and GDP (gross domestic product) contracts, stagnates or expands more slowly, this is referred to as an economic downturn.
An economic downturn is a normal fluctuation of the economy between expansionary and deflationary periods that is referred to as the economic cycle. The business cycle or trade cycle is another name for the economic cycle.
A downturn typically refers to the graph's downward tendency. However, when referring to a slowdown in growth, analysts and the press have been known to use the phrase.
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Lubbock healthcare's controller has calculated that this for-profit company must pay state and federal income taxes this year at a rate of 20 percent. depreciation on equipment purchased for the emergency department will amount to $20,000 this year. income tax savings for the current year on this equipment will therefore amount to:
Lubbock Healthcare's income tax savings for the current year on the depreciation of equipment purchased for the emergency department will therefore amount to $4,000.
The income tax savings on the depreciation of equipment for Lubbock Healthcare can be calculated using the formula:
Tax savings = Depreciation expense x Tax rate
In this case, the depreciation expense is $20,000 and the tax rate is 20%.
Tax savings = $20,000 x 0.20
Tax savings = $4,000
Therefore, Lubbock Healthcare's income tax savings for the current year on the depreciation of equipment purchased for the emergency department will be $4,000.
Depreciation is considered a non-cash expense because it represents the reduction in the value of an asset over time due to wear and tear, obsolescence or other factors. It is therefore deductible for tax purposes, which reduces the taxable income and the amount of income tax payable.
In conclusion, businesses can use depreciation to reduce their taxable income and consequently lower their income tax bill. By taking advantage of depreciation and other tax-saving strategies, companies can effectively manage their tax liabilities and maximize their profits.
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Which of the following goods would be included in the calculation of gross domestic product? Select the two correct answers. (1 point)
1.Steel sold to an automobile manufacturer.
2.Notebooks sold to students.
3.French fries sold to customers at a restaurant.
4.Chemicals sold to pharmaceutical developers.
5.Lumber sold to construction firms.
Considering the available options, the goods that would be included in the calculation of gross domestic product include "Notebooks sold to students."
The other good that would be included in the calculation of GDP is "French fries sold to customers at a restaurant."
What is GDP?GDP or Gross Domestic Product as it's generally defined as the summation of consumer spending (C), business investment (I), government spending (G), and net exports.
Consumer spending is the sales of used goods and sales from inventories of goods.
Here the used goods include the Notebooks sold to students and French fries sold to customers at a restaurant.
Hence, in this case, it is concluded that the correct answer is options B and C.
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Arrange the following revenues in the federal government, from greatest to
least.
Drag each item to put them in the correct order.
(2 points)
= excise taxes
= Social Security and Medicare taxes
= corporate income taxes
= individual income taxes
= customs duties
= miscellaneous revenue
In a city with rent-controlled apartments, all of the following are true except A. it usually takes more time to find an apartment than it would without rent control. B. apartments are often in shorter supply than they would be without rent control. C. apartments usually rent for rates lower than the market rate. D. landlords have an incentive to rent more apartments than they would without rent control.
In a city with rent-controlled apartments, landlords do not have an incentive to rent more apartments than they would without rent control.
Rent control is a form of price ceiling. A price ceiling is when the government or an agency of the government determines the maximum price of a good or service. A price ceiling is considered to be binding if it is below equilibrium price and it is considered non-binding if it is above equilibrium price.
Consequences of rent-controlled apartments
There would be shortages of apartments as demand would exceed supply. it leads to the development of black markets It reduces the price consumers pay for an apartment. This increases consumer surplus
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A message sent by an HR manager asking all employees to submit details about overtime done in the previous quarter is an example of routine request
Answer:
D) information or action
Explanation:
These are the options for the question
A) settlements to claims
B) recommendations
C) adjustments
D) information or action
E) references
Routine request can be regarded as a request for information, which is been contained in case files, indices,schedules as well as dockets that doesn't look for impounded as well as confidential and sealed information.
When sending a routine email
that give recognizion for a job that is well done, the following should be included;
✓rationale that state work important of the work.
✓closing statement which encourages continued excellence.
✓specific descriptionthat explain purpose of the message.
It should be noted that message sent by an HR manager asking all employees to submit details about overtime done in the previous quarter is an example of routine request information or action
which product exists in a monopolistically competitive market?
Numerous businesses provide competitive products or services that are similar but not exact substitutes. A monopolistic competitive market is present.
Clothing and hair salons are two examples of sectors with monopolistic competition. When businesses provide rival goods or services that are comparable but imperfect substitutes, monopolistic competition exists.
A monopolistic competitive industry has low entry requirements, and decisions made by any one firm do not directly affect those of its rivals. The pricing and marketing choices made by the rival companies serve as their points of differentiation.
Between a monopoly and perfect competition, monopolistic competition exists, combines aspects of both, and includes businesses with comparable but distinct product offerings.
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Answer:
clothing
Explanation:
I learn today that monopolistically competitive is something with varity like cloths there are plenty of options
What does it mean to negotiate? Why do you think it is so uncommon for people in our culture to negotiate? Do you think you would be a good negotiator? Why or why not?
Please read instructions all the way through, brainiest will be given and 50 pts. Explain the logistics of product delivery. Describe the ins-and-outs of importing and exporting your products. What are the most critical components of delivery and importing/exporting? (i know for a fact that you have to do research on latest distribution trends and i can give you a link to a possibly helpful website if you need, i mainly need pointers for starting off and maybe a little bit of guidance in creating a 2 page response)
Answer:
The logistics of product delivery could be described as all that's entailed in ensuring a goods or product gets to a customer's destination after it has been purchased from a particular destination.
Explanation:
The logistics of product delivery could be described as all that's entailed in ensuring a goods or product gets to a customer's destination after it has been purchased from a particular destination. It might include shipment or freight if the goods is coming from outside the desired clients location.
Ins-and-outs of importation;
- You'd have to decide the country you're buying from
- The next is to search for suppliers, those who sell the item in that particular country you've searched.
- You'll then need to search what their duty and taxes are, which you'd have to consider in the cost
- Finally, you'll need to find a reliable freight forwarder and customs broker who would handle the clearing of the goods when they get to your country.
Export has the same but there some changes as this time you'd have searched those who need your product and considered all that's needed to ship in your country and how it'll be cleared over your customers destination
am kandy but pls don't friends me...thank me or comment on this q anymore cz this is my school acc.
-Describe how Marx and Smith differ on how self-interest impacts society
Karl Marx and Adam Smith both saw self-interest as playing a role in the functioning of a capitalist society, but their views on the exact nature of this differed.
Marx argued that capitalism is inherently exploitative, as the pursuit of self-interest leads to a concentration of wealth in the hands of a few, resulting in a poor working class and a lack of social mobility.
Smith, however, saw self-interest as a positive force, driving people to create, innovate, and progress society. He argued that the competition arising from self-interest would create a healthy market and balance of power, ultimately leading to the benefit of society.
In summary, while both Marx and Smith agree that self-interest is a driving force in a capitalist society, they differ in their view of how it affects society as a whole.
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If a firm wished to maximize total revenues, it should produce where: a. marginal revenue is equal to marginal cost. b. marginal revenue is zero. c. marginal cost is zero. d. marginal revenue is equal to price.
Answer:
A. marginal revenue is equal to marginal cost
If a firm wished to maximize total revenues, it should produce where marginal revenue is equal to marginal cost. Thus, option A is correct.
What is the marginal cost?The marginal cost is the rise in production costs caused by the manufacture of more product units. It's also referred to as the marginal cost of manufacturing. Measuring the marginal cost enables businesses to determine how volume produced affects cost and, eventually, profits.
The marginal cost is the incremental cost of producing an additional item. Assume that it costs $100 to produce 100 vehicle tires. It would cost $80 to create one extra tire. This is the marginal cost: the cost of producing one more unit of an item or service. The marginal cost is determined by the costs of production.
To maximize overall revenues, a company should create where marginal revenue equals marginal cost. As a result, option A is correct.
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the complete portfolio refers to the investment in _________.
Answer:
In finance speak, a portfolio refers to a collection of investments or financial assets held by an individual, investment company, financial institution or hedge fund. This grouping of financial assets can include everything from gold and property to stocks, bonds and cash equivalents.
Explanation:
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Use the preferred model to predict sat given the mean value of the predictor variable(s). (do not round intermediate calculations. Round the final answer to the nearest whole number. )
The estimated regression model is given as: 1723.417
What is Mean Value?The mean value is a metric of central tendency conveying the average measurement from a given set of data. To acquire the mean, one must add together all values constituting the set and divide the aggregate sum by the overall number of elements in the set.
For instance, if we incorporate the following set of numbers into our equation: 2, 4, 6, 8, 10 - then the mean would be calculated as follows: (2+4+6+8+10) / 5 = 6; thus, the mean value of this particular set is six.
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Smyth continues to cling to the old methods of cost accounting and Alex tries to explain why the old methods do not make sense while the plant is growing and changing. Alex explains why to Smyth:
Select one or more:
a. Activating and utilizing a resource are not the same thing.
b. A plant should balance the flow of product with demand, not capacity.
c. The only resources that dictate the level of profit possible are the resources with constraints in the system, ie the bottlenecks.
Alex's explanation to Smyth emphasizes the need to move away from old cost accounting methods and adopt a more flexible and efficient approach that considers resource utilization, product flow, and bottleneck management.
Here is the explanation including the terms you provided:
Alex explains to Smyth that clinging to old methods of cost accounting is not suitable for a growing and changing plant for several reasons.
Firstly, Alex highlights the difference between activating and utilizing a resource. Activating a resource means making it available for use, while utilizing a resource refers to actually using it to produce output.
Old cost accounting methods focus on maximizing resource activation, which can lead to inefficiencies and waste, as resources might not be fully utilized. In a growing and changing plant, it is crucial to focus on utilizing resources efficiently to maximize profits and adapt to the dynamic business environment.
Secondly, Alex points out that a plant should balance the flow of product with demand, not capacity. Old cost accounting methods prioritize maximizing capacity utilization, which may result in overproduction and increased inventory costs. By balancing product flow with demand, the plant can better manage its resources and reduce waste, leading to a more streamlined and cost-effective operation.
Lastly, Alex explains that the only resources that dictate the level of profit possible are the resources with constraints in the system, i.e., the bottlenecks. Old cost accounting methods may not adequately identify and manage these bottlenecks, which can hinder the plant's overall efficiency and profitability.
By recognizing and addressing these constraints, the plant can optimize its operations and focus on the most critical areas to improve its overall performance.
In conclusion, Alex's explanation to Smyth emphasizes the need to move away from old cost accounting methods and adopt a more flexible and efficient approach that considers resource utilization, product flow, and bottleneck management. By doing so, the growing and changing plant can optimize its operations and maximize profits in a dynamic business environment.
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PMBOK Knowledge area of Quality Management has 2 process, please explain in your own words at least two
One of the processes in the PMBOK (Project Management Body of Knowledge) knowledge area of Quality Management is "Plan Quality Management."
In this process, the project team identifies the quality objectives and determines the necessary actions and resources to achieve them. It involves developing a quality management plan that outlines the quality standards, metrics, and processes to be used throughout the project.
Another process is "Perform Quality Assurance." This process focuses on executing the quality management plan and ensuring that the project activities comply with the defined quality standards. It involves evaluating project performance and deliverables, conducting audits, and implementing necessary improvements to enhance the overall quality of the project.
In summary, the "Plan Quality Management" process establishes the framework for quality management, while the "Perform Quality Assurance" process monitors and verifies adherence to the established quality standards and implements corrective actions when necessary.
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The impact of Furman v. Georgia (1972) was that states had to
promise to use the death penalty only with approval from the Supreme Court.
throw out the old Miranda warning and write a new one.
agree to throw out all state laws regarding crime and impose national standards.
create clear standards to be applied fairly before imposing the death penalty.
Answer: D.create clear standards to be applied fairly before imposing the death penalty.
Explanation: The answer it's right there
The impact of Furman v. Georgia (1972) was that states had to
create clear standards to be applied fairly before imposing the death penalty.The Furman v. Georgia caseThis was a case that had to do with the cruel and the unusual way that people faced in the death penalty.
The case ruled that the death penalty was unconstitutional if it was applied in a discriminatory way.
It ruled that the eight amendment was being violated if used in this way.
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Explain one reason why a business may use social media to promote
Answer:
Social media offers many benefits to business owners, as it allows them to reach out to their customers and to gain the attention of more people/potential customers
Explanation:
Define market structure
Answer:
Market Structure in economics, depicts how firms are differentiated and categorised based on types of goods they sell and how their operations are affected by external factors and elements. Market structure makes it easier to understand the characteristics of diverse markets.
Evan corporation provided consulting services for kensington company in year 1. evan incurred costs of $60,000 associated with the consulting and billed kensington $90,000. evan paid $40,000 of its costs in 2019 and the remaining $20,000 in year 2. evan received $45,000.00 of its billing in year 1. kensington paid the remaining $45,000 in year 2. evan reports on the accrual basis of accounting. how much is evan’s year 1 and year 2 profit related to the kensington consulting?
If Evan corporation provided consulting services for kensington company in year. Evan Corporation's Year 1 profit related to the Kensington consulting is $5,000 and Year 2 profit is $25,000.
How to find the profit?In year 1, Evan's revenue from the Kensington consulting is $45,000.
Evan's expenses in year 1 related to the consulting are $40,000, leaving a profit of :
Profit =$45,000 - $40,000
Profit = $5,000
In year 2, Evan received the remaining $45,000 from Kensington and incurred $20,000 in remaining costs, resulting in a profit of:
Profit = $45,000 - $20,000
Profit = $25,000
Therefore Evan Corporation's Year 1 profit related to the Kensington consulting is $5,000 and Year 2 profit is $25,000.
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how is a job search conducted
what is the rate of return?
A Rate for Return is a net gain or loss of an investment over a specified time period, expressed as a percentage of the investments initial cost, when calculating the rate and return you are determining the percentage chage from beginning of the period until the end.
Answer:
that Is good
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Which of the following statements about combined (operating and financial) leverage is true?
A. If a firm employs both operating and financial leverage, any percent change in sales will produce a larger percent change in earnings per share.
B. A firm that is in a capital-intensive industry should use a higher level of financial leverage than a firm that employs low levels of operating leverage.
C. Usage of both operating and financial leverage reduces a firm's risk.
D. High operating leverage and high financial leverage offset one another, meaning that if sales increase by 10%, then EPS will also increase by 10%.
Statement B is true. A firm in a capital-intensive industry should use a higher level of financial leverage than a firm that employs low levels of operating leverage.
Combined leverage refers to the use of both operating leverage and financial leverage by a firm. Operating leverage refers to the use of fixed costs in the production process, while financial leverage refers to the use of debt to finance the firm's operations. Statement A is incorrect because the percent change in earnings per share (EPS) is influenced by both operating and financial leverage, but it does not necessarily produce a larger percent change in EPS for any given percent change in sales.
Statement B is true. A capital-intensive industry, which requires substantial investments in fixed assets, should use a higher level of financial leverage to maximize returns and spread the risk. On the other hand, a firm with low levels of operating leverage may not require as much financial leverage since its risk exposure is already lower.
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Pops, like other retail businesses, uses its balance sheet to determine ____________.
Pops, like other retail businesses, uses its balance sheet to determine the company's financial success at a specific point in time.
A balance sheet is a financial document designed to accurately convey the value of a company or organization, the so-called "book value". A balance sheet accomplishes this by listing and totaling all of a company's assets, liabilities, and equity as of a particular date, also known as a "report."
A balance sheet is a financial statement showing a company's assets, liabilities, and equity. A balance sheet is one of the three main financial statements used to value a company. Provides a snapshot of the company's financial position (what you own and what you owe) as of the date of publication.
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A certificate of deposit pays a higher interest rate than a savings account because the money is
A.) guaranteed by the government.
B.) kept by banks for a longer time period.
C.) loaned to banks by consumers.
D.) immediately available to consumers.
Answer: The answer is:
B: kept by banks for a longer time period.
Explanation:
Edge 2023
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How is a credit union different from a bank?
O Acredit union offers services to companies instead of individuals.
A credit union only offers credit, it does not store money.
Acredit union is usually larger than a bank.
O A credit union is owned by its customers.
Answer:
a credit union is owned by its costumers (D)
Explanation:
i took the assignment!!
Apple want to ensure their products continue to produce a positive cash flow. They are considering 2 options for their
iPod product range's product life cycle. Justify which option Apple should choose (9 Marks)
A-Use extension strategies to extend the product's lifecycle.
B-Decline
Answer:
The Product Life Cycle
Every product goes through the various life cycle phases of introduction, growth, maturity and decline.
Key Points
Depending on its current stage in the product life cycle, a product will have different marketing, financing, manufacturing, purchasing and human resource requirements.
In the market introduction stage (following product development ), the product is released on to the market.
Sales are low and costs are high in the market introduction stage, thus, no profits are made. There is little to no competition and demand must be created through heavy promotion.
Key Terms
decline stage: when a product is not predicted to continue to be successful or upgraded
product life cycle: The process wherein a product is introduced to a market, grows in popularity, and is then removed as demand drops gradually to zero.
maturity stage: when a product is no longer in the growth stage, but not yet in the decline stage
Product Life Cycle: Overview
The product life cycle (PLC) describes the life of a product in the market with respect to business/commercial costs and sales measures. It proceeds through multiple phases, involves many professional disciplines and requires a multitude of skills, tools and processes.
This is not to say that product lives cannot be extended – there are many good examples of this – but rather, each product has a ‘natural’ life through which it is expected to pass.
The stages of the product life cycle are:
Introduction
Growth
Maturity
Decline
PLC management makes these three assumptions:
Products have a limited life and, thus, every product has a life cycle.
Product sales pass through distinct stages, each of which poses different challenges, problems and opportunities to its parent company.
Products will have different marketing, financing, manufacturing, purchasing and human resource requirements at the various stages of its life cycle.
The product life cycle begins with the introduction stage (see ). Just because a product successfully completes the launch stage and starts its life cycle, the company cannot take its success for granted.
Which type of human resources job is likely to grow at a slower rate in the future?
OA. training and development manager
O B. labor relations specialist
OC. compensation, benefits, and job analysis specialist
OD. career counselor
Which one of the following is NOT a factor in determining a company's unit sales and market share for action-capture cameras
The factor that is not relevant in determining a company's action camera sales and market share in a particular geographic region is the extent to which the number of week-long sales promotions a company has annually is above/below the region's all-company average. Therefore, the correct option is A.
The reason for this is that the number of week-long sales promotions is not directly related to the product's quality or the company's ability to reach its target audience. The other factors listed, such as online price, P/Q rating, wholesale price, and warranty period, are more likely to influence a consumer's purchasing decision and therefore impact the company's sales and market share in a particular region.
Hence, the correct answer is option A: The extent to which the number of week-long sales promotions a company has annually is above/below the region's all-company average.
Note: The question is incomplete. The complete question probably is: Which one of the following is NOT a factor in determining a company's action camera sales and market share in a particular geographic region? a. The extent to which the number of week-long sales promotions a company has annually is above/below the region's all-company average. b. The extent to which a company's online price for its action cameras at its website in each geographic region is above/below the all-company regional average online price. c. The extent to which the company's P/Q rating is above/below the regional average. d. Whether a company's average wholesale price for the camera models it sells to retailers is above/below the regional average wholesale price. e. The length of the warranty period.
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Which of these will most likely have a positive effect on your lifestyle?
OA. A college degree.
B. Dropping out of high school.
OC. A skill-based education.
OD. Both A and C.
Answer:
A college degree
Explanation:
College life is very likely