E. Pencils and erasers. 2. The Goods in Process Inventory account of a manufacturing company that uses an overhead rate based on direct labor cost has a $4,400 debit balance after all posting is completed. The cost sheet of the one job still in process shows direct material cost of $2,000 and direct labor cost of $800. Therefore, the company's overhead application rate is: A.
Problem -Given is a historical time series for job Click Link Below To Buy: http://hwaid.com/shop/problem-given-historical-time-series-job/ 1. Given is a historical time series for job services demand in the prior 6 months. Month Demand 1 799 2 816 3 789 4 814 5 815 6 805 2. Use the table below to answer all questions: Month Demand Forecast 1 799 F1 2 816 F2 3 789 F3 4 814 F4 5 815 F5 6 805 F6 7 F7 3. a) The F3 by using Naïve forecasting method = _________ b) The F7 by using Naïve forecasting method = _________ 2 1. Given is a historical time series for job services demand.
Job 655 was recently completed. The following data has been recorded on its job cost sheet: Direct materials $ 78,000 Direct labor costs 45,000 Number of units completed 4,000 The company applies manufacturing overhead on the basis of direct labor costs. The predetermined overhead rate is 75% of direct labor costs. Required: Compute the unit product cost that would appear on the job cost sheet for this job: Cost Summary: Direct Materials $ 78,000 Direct Labor 45,000 Manufacturing Overhead 33,750 ( $45,000 X 75%) ---------- Total Cost $ 156,750/Units Completed 4,000 = Unit Product Cost = $ 39.19 5. Prepare the necessary journal entries from the following information for Kingston Company: a.
• $4,072. • $6,100. • $4,100. Multiple Choice Question 198 Given the following account balances at year end, compute the total intangible assets on the balance sheet of Janssen Enterprises. Cash $1,500,000 Accounts Receivable 4,000,000 Trademarks 1,000,000 Goodwill 2,500,000 Research & Development Costs 2,000,000 • $7,500,000.
Units sold Sale price each $1,700 Total labor hours 46,672 Wage rate $12/hour Total materials $60,000 Total energy $4,000 Calculate the productivity in sales revenudabor expense. 3 Acme
Tanglewood Case Two – Planning Based on the data that’s been provided, I have come up with the below transition probability matrix to demonstrate how the current employee base will be shifting to over the next year. By calculating these probabilities we can then create a forecast of how many employees will be in each role. Markov Analysis | Current Year | | (1) | (2) | (3) | (4) | (5) | Exit | (1) Store associate | .53 | .06 | 0 | 0 | 0 | .41 | (2) Shift Leader | 0 | .5 | .16 | 0 | 0 | .34 | (3) Department Manager | 0 | 0 | .58 | .12 | 0 | .3 | (4) Asst Store Manager | 0 | 0 | .06 | .46 | .8 | .4 | (5) Store Manager | 0 | 0 | 0 | 0 | .66 | .34 | Utilizing the above information along with the actual number of employees in each role I have created this forecast to outline where staffing will be for each role in the next year. These numbers may not be exact but they will give a fair estimate of how employees will move. Forecast Of Availabilities | | Next Year (Projected) | | Current | (1) | (2) | (3) | (4) | (5) | Exit | (1) Store associate | 8500 | 510 | 0 | 0 | 0 | 0 | 3485 | (2) Shift Leader | 1200 | 0 | 600 | 192 | 0 | 0 | 408 | (3) Department Manager | 850 | 0 | 0 | 493 | 102 | 0 | 255 | (4) Asst Store Manager | 150 | 0 | 0 | 9 | 69 | 12 | 60 | (5) Store Manager | 50 | 0 | 0 | 0 | 0 | 33 | 17 | Here is my gap analysis of where the company will be next year.
55 77 64 77 69 63 62 64 85 Sample size is 9 Answer: 616/9 = retirement age is 68 2. A store manager kept track of the number of newspapers sold each week over a seven-week period. The results are shown below. 27 30 201 152 218 212 239 Sample size is 7 Answer: 201 Find the median number of newspapers sold. 3.
Abandon solution selling process Alternative evaluation: The quarterly utilization of resources across various sectors is calculated. The utilization is beyond 100% for retail sector in Q1, government sector in Q2 and manufacturing in Q3 for the proposal support function. Hence, we focus on reducing the utilization level in these particular sectors for respective quarter. The following options are analyzed and evaluated for this purpose. Option 1: In proposal support Cross-train one employee from government sector and hire a new employee & cross train him as well An employee is hired and cross trained along with an existing employee from government sector.
Salem Telephone Case Study 1. The variable expenses in Exhibit 2, with respect to revenue hours, include power and operations: hourly personnel. The fixed expenses, with respect to revenue hours, include: rent, custodial services, computer leases, maintenance, depreciation of computer equipment, depreciation of office equipment and furniture, operations: salaried staff, systems development and maintenance, administration, sales, sales promotion, and corporate services. 2. Variable Costs per Revenue Hour for January $1,546 + $7,896= $9,442/329 hours = $28.70 Variable Costs per Revenue Hour for February $1,485 + $7,584 =$9,069/316 = $28.70 Variable Costs per Revenue Hour for March $1,697 + $8,664 = $10,361/361 = $28.70 3.
The Schedule of raw material purchase is, then derived from the schedule of raw material use. In order to get the amount of raw material ordered each month, the total required raw material per unit each month is multiplied with the variable raw material cost of $0.75 per unit. Prepare a flexible expense budget using the format shown in the variable budget table in the case Exhibit 2 shows the flexible expense budget. Exhibit 2a shows a separation of the variable cost from the fixed cost. The direct cost of production is the direct material cost and direct labor.