The common information will they both need to complete their budgets is The direct materials budget which direct labor budget includes the number of units to be produced, the expected labor hours required per unit, and the expected hourly wage rate.
How to calculate the material budget directly?Direct labor budgets are usually presented monthly or quarterly. The basic budget calculation is to import the number of production units from the production budget and multiply it by the standard number of hours worked for each unit.
To calculate this in units, apply another simple formula. Budget production level for period x. units of direct material required for each unit =
direct material of units required for production.
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Which standards organization functions as a clearinghouse for many types of standards development in the U.S.
Answer: ANSI
Explanation:
A _____ system produces finished-goods inventory in advance of customer demand using a forecast of sales.
A push system produces finished-goods inventory in advance of customer demand using a forecast of sales.
What is a push system?Push systems is a system whereby the business orders products with the aim of selling.
Therere, in push system, business pushes its existing stock on the consumers so as to make gains.
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Suppose a tax of $2 per unit is imposed on this market. how much will buyers pay per unit after the tax is imposed
Answer:
it would between 5 to 7 dollars
Explanation:
SORRY IF THIS IST CORRECT
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Which of the following is something that will not affect your homeowners insurance premium? a. the age of the home b. the size of the home c. the color of the home d. the location of the home
Answer:
The color of the home.
Explanation:
All other options affect your insurance rates.
The color of the home will not affect your homeowners insurance premium. Option (c) is correct.
What do you mean by Location?The spot where a specific point or object is found is called its location. Geographically speaking, location is a key concept and is typically regarded as being more specific than "place." A locale is a place where people live, such as a city, town, hamlet, or even an ancient location.
You pay a premium when you purchase an insurance policy. Your recurring payments for many popular insurance products, such as life, car, business, homeowners, and renters, are known as premiums. Your policy could be cancelled if you don't pay your premiums.
The total amount paid to an insurer for insurance is referred to as a premium. A fire service levy, an emergency service levy, and GST might be included. It excludes any amount of duty or a charge paid to an intermediary. When it is received by the insurer, broker, or agent, a premium is considered paid.
Therefore, Option (c) is correct. The color of the home.
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In a ________, two or more companies at the same channel level join together to develop a new marketing opportunity.
Horizontal marketing is when two or more companies at the same channel level join together to develop a new marketing opportunity.
What is horizontal marketing?Horizontal marketing system refers to the act where two or more companies unrelated to one another standing at the same level come together .
It is to be noted that horizontal marketing lay emphasis on increasing exposure and demand within a broader and more diverse market view.
Hence, horizontal marketing is when two or more companies at the same channel level join together to develop a new marketing opportunity.
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If a company exchanges an asset with a book value of $260,000, an original cost of $500,000, and a fair value of $300,000 plus cash of $100,000 for a new asset, what is the gain or loss recognized on the transaction?.
The gain that would be recognised on the exchange of the asset by the company is $140,000.
What is the gain on the asset?
The gain on the exchange of an asset is recorded when the fair value is greater than the book value of the asset. The gain on the exchange is sum of the difference between the fair value and the book value and the cash.
Gain = (fair value - book value) + cash
($300,000 - $260,000) + 100,000 = $40,000
How long does it take for tax return to be deposited?.
Answer:
about six to eight weeks
Explanation:
If you file a complete and accurate paper tax return, your refund should be issued in about six to eight weeks from the date IRS receives your return. If you file your return electronically, your refund should be issued in less than three weeks, even faster when you choose direct deposit.
In the context of partnerships, _____ are funds distributed directly from the business. They are usually in the form of a cash dispersion in advance of salary, bonus, and expected year-end distribution.
In the context of partnerships, drawings are funds distributed directly from the business.
What are partnership drawings?Partnership drawings are funds distributed from the business to partners.
They are usually in the form of a cash dispersion in advance of salary, bonus, and expected year-end distribution.
Thus, in the context of partnerships, drawings are funds distributed directly from the business.
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Transactions and events that affect net income such as the production and purchase of inventory, the sale of goods and services to customers, and the expenditures to run a business are classified as:
The classification of transactions that affect net income and the expenditures to run a business are classified as operating activities.
What is Inventory?This refers to the record-keeping of the number of goods available in a warehouse for easy financial accounting.
Hence, we can see that based on the classification of net income based on events that affect net income and the expenditures to run a business are classified as operating activities.
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Suppose the owners of the bank borrow $100 to supplement their existing reserves. This would increase the reserves account and:.
When the owners of the bank borrow $100 to supplement their existing reserves, it'll increase the reserves account and debt account.
What is a reserve account?It should be noted that a reserve account simply means the accumulation of funds that are used for future purpose.
In this case, when the owners of the bank borrow $100 to supplement their existing reserves, it'll increase the reserves account and debt account.
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If the demand for a life-saving drug was perfectly inelastic and the price doubled, the quantity demanded would
According to the path-goal theory, the participative style is recommended when group members are performing repetitive tasks.
a. True
b. False
Answer:
B. False
Explanation:
According to the path-goal theory, the participative style is recommended when group members are performing repetitive tasks is False.
Data _____ tools are tools that provide advanced statistical analysis to uncover problems and opportunities hidden within business data
Data mining tools are tools that provide advanced statistical analysis to uncover problems and opportunities hidden within business data
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Unit price times quantity sold is ______. Multiple choice question. the break-even point total variable cost total profit total revenue
It should be noted that the Unit price of goods times quantity of goods sold is total revenue.
What is Total revenue?Total revenue serve as the overall amount of total sales of goods and services.
The total revenue can be calculated by multiplying the total amount of goods and services sold with the price of the goods .
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Eric bought a garden tractor at Home Depot using his Home Depot credit card. Soon after, he lost his job and could not make any payments on his Home Depot credit card, not even the minimum required payment. Which of the following statements is likely true?
The thing that will happen is that Eric will likely lose the garden tractor that was brought since it was through a credit card.
What is a credit?It should be noted that credit simply means buying something with the aim of future repayment.
In this case, the thing that will happen is that Eric will likely lose the garden tractor that was brought since it was through a credit card.
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Alison needs to evaluate the performance of her employees. She uses a rating scale that ranges from 1 to 10, with 10 being the best, to rate 50 employees. She gives a score of three to 39 out of the 50 employees. In doing so, she commits a __________ error.
The evaluation process by which Alison gives a score of 3 to 39 candidates out of 50 shows that she committed a strictness error
What is a strictness error?Strictness error is a typical management error in which a supervisor is overly severe in evaluating staff performance, resulting in decreased motivation and performance in the employee's work.
Strictness error demonstrates the propensity to rank everyone on the bottom end of the scale and to be unduly critical of the performance.
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A company has Total Assets of $135,000 including $29,000 in Accounts Receivable, and Net Sales of $380,000. Days' sales uncollected is ____ days.
Based on the total assets, the amount of accounts receivables and the net sales, the days sales uncollected is 27.4 days.
What is the Days' sales uncollected?This can be found by the formula:
= Accounts receivable / Net sales x 365 days
Solving gives:
= 29,000 / 380,000 x 365
= 27.9 days
In conclusion, the day's sales uncollected is 27.9 days.
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Define a debit note and a credit note. In what circumstances are they used?
Answer:
a debit note is seperate from an invoice and informs a buyer of current debt obligations. A debit note is also a document created by a buyer when returning goods received on credit. In the case of returned items, the note will show the credit amount, the inventory of the returned items, and the reason for the return.
a credit note is a commercial document issued by a seller and sent to the buyer when there is a reduction in the amount payable to the seller. by issusing a credit note the seller promises to pay back the reduced amount or adjust it in a subsequent transaction.
Explanation:
Last year Shady McShade had a $1,750 favorable total materials variance and a $1,000 favorable materials quantity variance. What was the materials price variance last year
The materials price variance last year for Shady McShade is $750 favorable.
What is materials price variance?The materials price variance is the difference between the standard cost and the actual cost per unit multiplied by the actual units used in production.
The materials price variance can be computed as the budgeted price per unit minus the actual price per unit and multiplied by the actual quantity of direct material used.
Data and Calculations:Total materials variance = $1,750 favorable
Materials quantity variance = $1,000 favorable
Materials price variance = $750 favorable ($1,750 - $1,000)
Thus, the materials price variance last year for Shady McShade is $750 favorable.
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Why is it necessary for the housekeeping supervisor to ensure employees discipline in the workplace?
Answer:
Discipline is crucial at workplace as it ensures employees behave in a decent way and also maintain the decorum of the workplace.
Fixed costs are $900000 and the variable costs are 60% of the unit selling price. What is the break-even point in dollars
Based on the fixed cost and the variable cost percentage, the break-even point in dollars is $2,250,000.
What is the breakeven point when given the variable cost percentage?When you have the fixed cost and the variable cost percentage, the break-even point in dollars is:
= Fixed cost / Contribution margin ratio
= Fixed cost / (1 - Variable cost percentage)
Solving gives:
= 900,000 / ( 1 - 60%)
= $2,250,000
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A company applies overhead on the basis of direct labor hours. The manager held accountable for the variable overhead efficiency variance is generally the same manager who is responsible for the ______.
Answer:
direct labor efficiency variance
Explanation:
The manager held accountable for the variable overhead efficiency variance is generally the same manager who is responsible for the Direct labour efficiency variance.
What is the overhead?Overhead is also known as overhead expense, is a continuing cost of doing business. Overheads are expenses that, unlike operating expenses such as raw materials and labour, cannot be easily traced to or identified with any specific revenue unit.
Overheads are business costs associated with the day-to-day operation of the business. Overhead costs vary according to the nature of the business and the industry in which it operates.
Overhead costs play an important role in determining how much a company must charge for its products or services in order to turn a profit.
Therefore, The manager responsible for the variable overhead efficiency variance is usually the same manager responsible for the direct labour efficiency variance.
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Quincy listed his assets and liabilities. cash rent stocks jewelry student loan utilities which are quincy’s assets? select three choices. cash rent stocks jewelry student loan
The three choices that are declared as Quincy's assets are cash, stocks, and jewelry.
What are assets?Assets are items or properties that you own, and that is valuable to you. Liabilities are things that you have to pay for as a result of you using something.
So, having that in mind, Quincy's liabilities are rent, student loans, and utilities, whereas his assets are cash, stocks, and jewelry.
He gets cash when he finishes his work, he gets money from stocks, and he has the jewelry that he either bought or got as a gift that he can sell for money.
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Answer:
Quincy's assets are cash, jewelry, and stocks as they are the properties that she can sell when she is in need of funds while student loan and utilities are her liabilities.
What are Assets?
The monetary resources that provide benefits in the upcoming years are called Assets. It can be acquired for a shorter term, known as current assets, or for a longer term known as non-current assets.
Analysis of assets and liabilities as follows:
Cash is a current asset that is used to acquire all the fixed assets.Jewelry and stocks are assets that can be exchanged for cash by disposing of them.A student loan is a non-current liability as it has to be paid by her after a period of more than a year.Utilities are a current liability as it has to be reimbursed by her within a period of one year.Therefore, the cash, stocks, and jewelry are considered to be the assets of Quincy out of the provided assets and liabilities,
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inflation deflation where it fits best
Answer
i was gonna help but im not really sure what you are asking
Explanation:
What is the value of a put option at expiry if the stock price is 'S' and the exercise price is 'X'?
Answer:
A put option is out of the money if the strike price is less than the market price of the underlying security. The holder of an option contract can exercise the option at any time before expiration.
Explanation:
hope this helps if not please let me know
If the stock price of a put option is less than the market value of the underlying securities, the option is out of the money. Anytime before expiration, the holder of an option contract may exercise the option.
What is meant by stock price?The current price is the cost at which a securities most recently traded hands on an exchange. The current price serves as a reference point for both buyers and sellers.
Although current pricing is a strong indicator of present value, the actual price of the subsequent sale may vary based on supply and demand.
To determine the value of the shares for traders, multiply the most recent share price by the number of outstanding shares. A different method for calculating a share's price is the price to earnings ratio.
Thus, If the stock price of a put option is less than the market value of the underlying securities.
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Improvements in the productivity of labor will tend to:.
Answer:
Increase output
Explanation:
Increasing productivity of labor will result to greater MPP (Marginal Physical Product) per unit of labor (or worker). That means greater output.
Which statement best summarizes the information on these graphs? many bolivians are farmers, but the agriculture sector does not produce much in terms of gdp. industry in bolivia has grown very important to that country’s economy in recent years. bolivia is investing large sums of money in education in an effort to encourage economic growth. bolivia must depend on agriculture if it intends to have a healthy economic future.
These graphs show information regarding Bolivia's workforce. Many Bolivians are farmers but the agricultural sector does not produce much in terms of GDP.
What do you mean by GDP?GDP refers to the total market value of goods, products, or services that are produced within a country.
These graphs show Bolivia's workforce information. Many Bolivians are farmers but the agricultural sector does not produce much in terms of GDP.
Therefore, A is the correct option.
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Answer: A
Explanation:
Why do I have eight brainiest but it still won't progress me to above ambitious it says I still need 5.
Answer:
because you might have had it before you made this role
Explanation:
The __________ proposed that all impediments to the formation of a single market (the EC) be eliminated by December 31, 1992, resulting in the Single European Act.
The Delors commission proposed that all impediments to the formation of a single market (the EC) be eliminated by December 31, 1992, resulting in the Single European Act.
What is Delors Commission?Delors Commission was an admistration by Delors, he was the eight president of the Europeans.
He was the one who set the single market and also established the community of the Europeans the act was commissioned in 1967.
Therefore, The Delors commission proposed that all impediments to the formation of a single market (the EC) be eliminated by December 31, 1992, resulting in the Single European Act.
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Select the correct answer from the drop-down menu. which decision-making style is also referred to as the ostrich style? a (an) is a decision-maker who is compared to an ostrich, because of their common approach toward crises or problems.
Answer:
Evader
Explanation:
"ostrich style"--ignores the decision
Answer:
Evader
Explanation:
I took the test in Edmentum!