Direct Materials and Direct Labor Variance Analysis
Jericho Fixture Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has 45 employees. Each employee presently provides 38 hours of labor per week. Information about a production week is as follows:
Line Item Description Value
Standard number of lbs. of brass 0.4 lb.
Standard price per lb. of brass $0.80
Standard wage per hr. $21.00
Standard labor time per faucet 15 min.
Actual price per lb. of brass $0.90
Actual lbs. of brass used during the week 4,500 lbs.
Number of faucets produced during the week 10,000
Actual wage per hr. $22.00
Actual hrs. for the week (45 employees × 38 hours) 1,710

Determine the below-listed variances while showing work with corresponding formulas.

1. Standard cost per unit for direct materials
2. Standard cost per unit for direct labor
3. Direct Material price variance
4. Direct Material quantity variance
5. Direct Labor rate variance
6. Direct Labor time variance

Answers

Answer 1
1. Standard cost per unit for direct materials:

Standard cost per unit = Standard price per lb. of brass x Standard number of lbs. of brass
Standard cost per unit = $0.80 x 0.4 = $0.32

Therefore, the standard cost per unit for direct materials is $0.32.

2. Standard cost per unit for direct labor:

First, we need to calculate the standard labor cost per faucet:

Standard labor cost per faucet = (Standard wage per hr. / 60) x Standard labor time per faucet
Standard labor cost per faucet = ($21.00 / 60) x 15 = $5.25

Then, we can calculate the standard cost per unit for direct labor:

Standard cost per unit = Standard labor cost per faucet / Number of faucets produced
Standard cost per unit = $5.25 / 10,000 = $0.000525

Therefore, the standard cost per unit for direct labor is $0.000525.

3. Direct Material price variance:

Direct material price variance = (Actual price per lb. of brass - Standard price per lb. of brass) x Actual lbs. of brass used during the week
Direct material price variance = ($0.90 - $0.80) x 4,500 lbs. = $4,500

Therefore, the direct material price variance is $4,500.

4. Direct Material quantity variance:

Direct material quantity variance = (Actual lbs. of brass used during the week - Standard number of lbs. of brass per unit x Number of units produced) x Standard price per lb. of brass
Direct material quantity variance = (4,500 lbs. - 0.4 lb. x 10,000) x $0.80 = $1,600

Therefore, the direct material quantity variance is $1,600.

5. Direct Labor rate variance:

Direct labor rate variance = (Actual wage per hr. - Standard wage per hr.) x Actual hrs. for the week
Direct labor rate variance = ($22.00 - $21.00) x 1,710 = $1,710

Therefore, the direct labor rate variance is $1,710.

6. Direct Labor time variance:

Direct labor time variance = (Actual hrs. for the week - Standard labor time per unit x Number of units produced) x Standard wage per hr.
Direct labor time variance = (1,710 - 15 / 60 x 10,000) x $21.00 = $3,150

Therefore, the direct labor time variance is $3,150.

Related Questions

Which of the following statements is the best description of how scientific management viewed employees?
Employees are like machines that must be programmed to perform in a certain way.
Most employees are creative and intelligent individuals who should be given a great deal of freedom
and flexibility in how they perform their jobs.
Employees will only exert their maximum effort if they believe that their goals are attainable.
Employees are individuals who do not respond in the same way to a particular
management style.

Answers

Employees are like machines that must be programmed to perform in a certain way is the best description of how scientific management viewed employees

How are the employees viewed?

The statement "Employees are like machines that must be programmed to perform in a certain way" is the best description of how scientific management viewed employees. Scientific management, also known as Taylorism, was a management approach developed by Frederick Winslow Taylor in the late 19th century that aimed to improve efficiency and productivity in the workplace.

Taylor believed that work should be analyzed scientifically and that employees should be trained and directed to perform tasks in the most efficient way possible. This approach viewed employees as cogs in a machine, whose behavior and performance could be optimized through precise instruction and monitoring. Therefore, the statement that employees are like machines that must be programmed to perform in a certain way accurately represents how scientific management viewed employees.

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Doak Corp. is evaluating a project with the following cash flows:

Year Cash Flow
0 –$ 15,700
1 6,800
2 8,000
3 7,600
4 6,400
5 – 3,800

The company uses an interest rate of 12 percent on all of its projects. Calculate the MIRR of the project using all three methods.

Answers

If the company uses an interest rate of 12 percent on all of its projects, the MIRR of the project is 8.58%.

What would be the reinvestment rate approach using the MIRR?

The present worth of all negative cash flows at the 12% finance rate is  determined to be as FV of positive cash flows = $[tex]6,800(1.12)^{4}[/tex] + $8,000([tex]1.12)^{3}[/tex] + $7,600(1.12)² + $6,400(1.12) = $29,784.08

PV of capital flow negatives = $15,700

MIRR is calculated as [(FV of positive cash flows / PV of (-cash flows)) n times (1/n)]. - 1,

MIRR = [($29,784.08 /( [tex]$15,700)^{\frac{1}{5} }[/tex]] - 1

MIRR = 8.58%

What would be the Excel function by using MIRR?

We can compute MIRR directly in Excel using the MIRR function.

=MIRR(range of cash flows, finance rate, reinvestment rate)

=MIRR(-15700, 6800, 8000, 7600, 6400, -3800, 0.12, 0.12) = 8.58%

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1. Conceptual skills consist of the job-specific knowledge needed to perform well in a specialized Field and technical Skill, consist of the ability to think analytically, to visualize an organization as a whole and understand how parts work together.
True/ False

2.The perception that all people in a certain group share common Attitudes,Values, and beliefs is known as stereotyping.
True/ False

3.The Management Function of leading is defined as monitoring performance, comparing it with goals and taking corrective action as needed and Controlling is defined as motivating, directing, and otherwise influencing people to work hard to achieve Organization Goals.
True/False

4.Social Responsibility is the notion that Corporations are expected to go above and beyond following the law and making a profit and Corporate Social Responsibility (CSR) is a Manager's duty to take actions that will benefit the interest of Society as well as of the Organizations.
True/False

5. There are three types of Organizations classified according to the three purposes for which they are formed
(1) For-Profit,
(2) Nonprofit, and
(3) Mutual-Benefit.

6.An independently owned and managed profit-seeking Enterprise employing fewer than 100 people is called a Small Business.
True/False

7.A Vision Statement expresses the purpose of the Organization and a Mission Statment expresses what the organizaion should become and where it wants to go strategically.
True/False

8.Outsourcing is defined as using suppliers outside the United States to provide labor, goods, or services, and Global Outsourcing is define as using suppliers outside the company to provide goods and services.
True/False

10. The traditional Management Pyramid is composed of three levels of Management : (1) Top Management
(2) Middle Management and
(3) First-Line Maagement (Lower Level). Top Managers make long term decisions, Middle Managers implement those decisions, and First-Line Managers make short-Term decision.

11. In the International Arena, an Ethnocentric Manager is one who belives that their native country, culture, language and behavior are superior to all others.
True/False

12. Dr. W. Edwards Deming of the University of Tokyo and founder of the Union of Japanese Scientist and Engineers (JUSE) and Kaoura Ishikawa, American author of OUT OF THE CRISIS, are two of the leading quality advocates of the Operational Approach to Management. True/False

13.Management is defined as
(1) The persuit of Organizational Goals Efficiently and Effectively by
(2) integrating the work of people through
(3) Planning, Organizing, Leading and Controlling the Organization's Resources.

14. In the field of Management, a Functional Manager is responsible for overseeing the activities of just one organizational area, where as a General Manager is responsible for multiple organizational areas, for example several deparments such as Production, Finance, and Human Resources. True/False

15. Competitive Advantage is the ability of an organization to produce goods or services more effectively than competitors do, there by out perform them. This means that an organization must stay ahead in four areas
(1) being responsive to customers,
(2) Innovation,
(3) quality, and
(4) efficiency.

16. Strategic Management is the process that involves Managers from all parts of the Organization in the formulation and implmentation of Strategies and Strategic Goals.
True/False

17.A Closed System is an entity that continually interacts with, and is dependent on its Environment, for survival and Open System is a self-sufficient entity that does not interact with its Environment.
True/False

18.A Multinational Organization is a business firm with operations in several countries and a Multinational Corporation is a nonprofit organization with operations in several countries.
True/False

19.An Entrepreneur is one who creates a new business in the face of risk and uncertainty for the purpose of achieving profit and growth by identifying opportunties and assembling the necessary resources to capitalize on them.
True/False

20. The Deming Prize was instituted in Japan in 1951 in Commemoration of the friendship and contribution of Dr. Edward Deming, who went to Japan to instruct in the application of Statistical Quality Control Methods to industry.
True/False

21.Management theorist Fredrick W. Taylor the Early Scientific Management proponents have been praised for viewing workers as human, not Mindless Machines, who work for pleasure, not just for money.
True/False

22. Ethical Behavior is the Standards by which people distinguish what is morally right and wrong and these standards may vary among countries, among cultures, and Ethics refers to the behavior that is Accepted as "right" as opposed to "wrong" according to prevailing standards.
True/False

Answers

From the given statements, state no,1,2,4, 5, 6, 10-16, 19-20, and 22 are true. Whereas the remaining statements are false.

What is ethical behavior?

The term "ethical behavior" alludes to deeds and choices that are in line with moral standards and ideals. These ideals and principles may be derived from philosophical theories, cultural norms, religious beliefs, or other forms of moral instruction.

What are the technical skills?

Technical skills are the specific abilities and knowledge required to perform tasks related to a particular field, industry, or profession. Examples include programming languages, data analysis, design software, project management, network administration, and networking hardware, protocols, and software.

What are the soft skills that anyone must have?

Soft skills are non-technical, interpersonal, and personal attributes that enable individuals to work effectively with others, communicate effectively, and demonstrate emotional intelligence in their work and personal lives. Examples include communication, teamwork, leadership, problem-solving, adaptability, time management, and emotional intelligence.

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1. Conceptual skills consist of the job-specific knowledge needed to perform well in a specialized Field and technical Skill, consist of the ability to think analytically, to visualize an organization as a whole and understand how parts work together.
True/ False

2.The perception that all people in a certain group share common Attitudes,Values, and beliefs is known as stereotyping.
True/ False
3.The Management Function of leading is defined as monitoring performance, comparing it with goals and taking corrective action as needed and Controlling is defined as motivating, directing, and otherwise influencing people to work hard to achieve Organization Goals.
True/False
4.Social Responsibility is the notion that Corporations are expected to go above and beyond following the law and making a profit and Corporate Social Responsibility (CSR) is a Manager's duty to take actions that will benefit the interest of Society as well as of the Organizations.
True/False
5. There are three types of Organizations classified according to the three purposes for which they are formed
(1) For-Profit,
(2) Nonprofit, and
(3) Mutual-Benefit.
6.An independently owned and managed profit-seeking Enterprise employing fewer than 100 people is called a Small Business.
True/False
7.A Vision Statement expresses the purpose of the Organization and a Mission Statment expresses what the organizaion should become and where it wants to go strategically.
True/False
8.Outsourcing is defined as using suppliers outside the United States to provide labor, goods, or services, and Global Outsourcing is define as using suppliers outside the company to provide goods and services.
True/False
10. The traditional Management Pyramid is composed of three levels of Management : (1) Top Management
(2) Middle Management and
(3) First-Line Maagement (Lower Level). Top Managers make long term decisions, Middle Managers implement those decisions, and First-Line Managers make short-Term decision.
11. In the International Arena, an Ethnocentric Manager is one who belives that their native country, culture, language and behavior are superior to all others.
True/False
12. Dr. W. Edwards Deming of the University of Tokyo and founder of the Union of Japanese Scientist and Engineers (JUSE) and Kaoura Ishikawa, American author of OUT OF THE CRISIS, are two of the leading quality advocates of the Operational Approach to Management. True/False
13.Management is defined as
(1) The persuit of Organizational Goals Efficiently and Effectively by
(2) integrating the work of people through
(3) Planning, Organizing, Leading and Controlling the Organization's Resources.
14. In the field of Management, a Functional Manager is responsible for overseeing the activities of just one organizational area, where as a General Manager is responsible for multiple organizational areas, for example several deparments such as Production, Finance, and Human Resources. True/False
15. Competitive Advantage is the ability of an organization to produce goods or services more effectively than competitors do, there by out perform them. This means that an organization must stay ahead in four areas
(1) being responsive to customers,
(2) Innovation,
(3) quality, and
(4) efficiency.
16. Strategic Management is the process that involves Managers from all parts of the Organization in the formulation and implmentation of Strategies and Strategic Goals.
True/False
17.A Closed System is an entity that continually interacts with, and is dependent on its Environment, for survival and Open System is a self-sufficient entity that does not interact with its Environment.
True/False
18.A Multinational Organization is a business firm with operations in several countries and a Multinational Corporation is a nonprofit organization with operations in several countries.
True/False
19.An Entrepreneur is one who creates a new business in the face of risk and uncertainty for the purpose of achieving profit and growth by identifying opportunties and assembling the necessary resources to capitalize on them.
True/False
20. The Deming Prize was instituted in Japan in 1951 in Commemoration of the friendship and contribution of Dr. Edward Deming, who went to Japan to instruct in the application of Statistical Quality Control Methods to industry.
True/False
21.Management theorist Fredrick W. Taylor the Early Scientific Management proponents have been praised for viewing workers as human, not Mindless Machines, who work for pleasure, not just for money.
True/False
22. Ethical Behavior is the Standards by which people distinguish what is morally right and wrong and these standards may vary among countries, among cultures, and Ethics refers to the behavior that is Accepted as "right" as opposed to "wrong" according to prevailing standards.
True/False

Answers

The correct answers to the given questions are:

True

True

False

True

True

True

False

False

Not given

True

True

True

True

True

True

True

False

False

True

True

False

True

How are conceptual skills used?

Conceptual skills refer to the ability to think abstractly and understand complex ideas and situations, whereas technical skills refer to the specific knowledge and abilities required to perform tasks in a specialized field.

In other words, conceptual skills are focused on understanding how different parts of an organization work together as a whole, while technical skills are focused on performing specialized tasks within the organization. Both of these skill sets are important for managers to possess in order to be effective in their roles.

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If you were to ask Rosely and her father what the main problem was in running their firm, their answer would be quick and short: hiring good people. Originally begun as a string of coin-operated laundromats requiring virtually no skilled help, the chain grew to six stores, each heavily dependent on skilled managers, cleaner/ spotters, and pressers. Employees generally have no more than a high school education, and the market for them is very competitive. Over a typical weekend, literally dozens of want ads for experienced pressers or cleaner/spotters can be found in area newspapers. All these people usually are paid around $15 per hour, and they change jobs frequently.

Rosely and her father thus face the continuing task of recruiting and hiring qualified workers out of a pool of individuals they feel are almost nomadic in their propensity to move from area to area and job to job. Turnover in their stores (as in the stores of many of their competitors) often approaches 400%. “Don’t talk to me about human resources planning and trend analysis,” says Rosely. “We’re fighting an economic war, and I’m happy just to be able to round up enough live applicants to be able to keep my trenches fully manned.”

2. Provide a detailed list of recommendations concerning how they should go about increasing their pool of acceptable job applicants so they no longer face the need to hire almost anyone who walks in the door.

1. How would you recommend they go about reducing the turnover in their stores?

Answers

To reduce turnover in their stores, Rosely and her father can consider implementing to offer competitive wages and improving working conditions.

Offering competitive wages and benefits would provide the competitive market for skilled workers, they should consider offering higher wages and benefits to attract and retain employees. And improving working conditions, they make the work environment more pleasant and comfortable for employees. This can include providing appropriate tools and equipment, improving the lighting and ventilation, and ensuring that the workstations are ergonomically designed.

To increase their pool of acceptable job applicants, Rosely and her father can consider implementing to offer referral bonuses and advertising job openings on social media. By offering referral bonuses, they can offer current employees a bonus for referring qualified candidates for open positions and through advertising job openings on social media they can create a broad network.  Social media platforms like LinkedIn and more can be effective ways to reach potential job applicants.

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A summary of the case study in 2-3 slides.

Discuss the case study questions.
Can Uber Be the Uber of Everything?


How does the Internet change consumer and supplier relationships?

The Internet may not make corporations obsolete, but the corporations will have to change their business models. Do you agree? Why or why not?

How have social technologies changed e-commerce?what

Have a slide with your references .please

Answers

The case study questions "Uber can be the Uber of everything" can be answered as follows:

Uber's expansion into sectors other than travel presents a number of challenges, and it's unclear whether Uber can overcome these and become competitive in other markets.The Internet has changed relationships between consumers and suppliers, making it simpler for consumers to access information about products and services, compare prices, and shop, regardless of location.Yes, corporations will have to adapt their business models to compete in a rapidly changing technology landscape. The Internet has created new opportunities for business, but it has also disrupted traditional industries and forced companies to innovate.Social technologies have transformed the way companies interact with customers and sell their products, generating changes in marketing, trends, distribution, etc.What are the benefits of social technologies for business?

They have opened up new opportunities for companies to connect with customers, increase brand awareness and drive sales.

Therefore, while beneficial, the internet and social technologies for business have also created new challenges such as managing online reputation and dealing with negative feedback on social media.

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Under which ownership type is an owner (or owners) not liable for the company's lawsuits?
A. sole proprietorship
B. partnership
C. franchise
D.corporation

Answers

Answer:

D. corporation

Explanation:

What is the newest career cluster?

A.
Agriculture, Food, and Natural Resources

B.
Manufacturing

C.
Energy

D.
Transportation, Distribution, and Logistics

Answers

C. energy

hope this helped!!

Ignacio is interested in working in a university and wants to help students, but doesn’t want to be a teacher. He’d like to get a sense of what it’s like to work as a university administrator. Which role is the BEST choice for him?

A.
assistant in the registrar’s office

B.
assistant to the librarian

C.
research assistant to a professor

D.
assistant to the janitorial staff

Answers

The correct answer is A. Assistant in the registrar's office is the BEST choice for Ignacio if he wants to get a sense of what it's like to work as a university administrator and help students without being a teacher.

The registrar's office is responsible for managing student records, maintaining academic policies, and facilitating course registration, among other duties. As an assistant in the registrar's office, Ignacio would have the opportunity to work closely with students, faculty, and staff and gain a broad understanding of how the university operates.This role would also provide him with exposure to various aspects of higher education administration, such as student services, academic policy, and data management. Additionally, it would allow him to build transferable skills, such as communication, organization, and problem-solving, which are valued in many fields.

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Type the correct answer in the box. Spell all words correctly.
What are the three tiers in which a corporation is generally structured?
The structure of a corporation can be broadly divided into three tiers: the board of directors, the management team, and the

Answers

The structure of a corporation can be broadly divided into three tiers: the board of directors, the management team, and the employees/workers.

What are the three tiers in a corporation ?

The Board of Directors is the highest tier of a corporation and is responsible for making major decisions related to the direction and strategy of the company.

The Management Team is the second tier of a corporation and is responsible for overseeing the day-to-day operations of the company.

The Employees/Workers make up the third tier of a corporation and are responsible for carrying out the tasks necessary to produce and deliver the company's products or services.

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Negative effects of globalization in an undeveloped country?​

Answers

Answer:

Negative effects of globalization in an underdeveloped country include increased internal disparities, benefits to the educated, increased control of MNCs, etc.

With the increasing growth of globalization all around the world, globalization has also entered countries that are underdeveloped and poor. But this has various negative effects of globalization on these countries.

The negative effect includes control of MNCs. As MNCs establish their companies in underdeveloped countries, they might create a monopoly over these countries and may harm the natural resources. Countries of the west are a good example of creating a monopoly over underdeveloped African countries.

Disparities between the rich and poor will also increase in these countries due to globalization. As globalization increases, the educated will immediately benefit as they know about the world and may know languages like English which are spoken all over the world, creating an advantage over the poor, thus increasing disparities.

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How can being a procrastinator hurt you in business?

Answers

Answer:

Explanation: Being a procrastinaor could cost you your job. Procrasinating important projects can results in you turning in medicore deliverables, and trust me your boss will notice. If you aren't sure where to start, ask your advisor or peer, people are always willing to help.

business plan template

Answers

A business plan template would include things such as :

Executive SummaryBusiness DescriptionMarket AnalysisMarketing and SalesOperationsManagement and PersonnelFinancial Plan

What goes into a business plan ?

A business plan would include:

Executive Summary: This section should briefly summarize your business idea and the key points of your plan.Business Description: Describe your business idea, including what products or services you will offer.Market Analysis: Conduct research on your industry and target market, and provide an overview of the competitive landscape.Marketing and Sales: Outline your marketing strategy and tactics, and how you plan to reach and engage your target customers.Operations: Describe how you will produce and deliver your products or services, and any resources or partnerships you will need to do so.Management and Personnel: Detail the key members of your team, their roles, and their skills and experience. Financial Plan: Provide a financial forecast for your business, including revenue projections, cost of goods sold, operating expenses, and cash flow projections.

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The law of demand with the help of a hypothetical numerical example or schedule

Answers

the price of apples increases from $1.00 to $2.00 per apple, the quantity demanded of apples decreases from 10 to 2 apples per day. This illustrates the law of demand and highlights the inverse relationship between price and quantity demanded.

Discuss how the presentation of financial information in the enron case incorrectly influenced the decision of any of the users of financial information. ​

Answers

Investors: The incorrect presentation of financial information in the Enron case influenced shareholders' investment decisions. The business

The presentation of financial data in the Enron case was h

What exactly are examples and information?

Information image result

It is a collection of data that has been organised for direct human use, as information aids humans in their decision-making process. receipts, reports, and so on are examples.

What is information and what kinds of information are there?

It is knowledge that has been gained or shared through study, instruction, investigation, or news, and it is shared through the act of communicating, whether verbally, nonverbally, visually, or in writing. Intelligence, message, data, signal, or fact are all names for information.

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Match the terms to the correct definitions.

1. amount of a bond originally lent; also known as face value premium
2. rate that determines interest payments cost
3. loan with interest paid at intervals for a defined period of time coupon rate
4. when a bond’s cost is more than its principal principal
5. how much the bond was sold for yield
6. rate of return on a bond if held until the maturity date bond

Answers

Principal: The amount of a bond originally lent; also known as face value.Coupon rate: The rate that determines interest payments.Bond: A loan with interest paid at intervals for a defined period of time.

Premium: When a bond’s cost is more than its principal.Yield: How much the bond was sold for.Cost: Rate of return on a bond if held until the maturity date.These terms are important to understand in the context of bonds, which are a type of fixed income security. The principal is the amount of money that the investor loans to the bond issuer, and the coupon rate is the interest rate that the issuer agrees to pay on that loan. The bond is a contractual agreement between the issuer and the investor, with the yield reflecting the return on the investment. If the bond's cost is more than its principal, it is considered to have a premium, and if the cost is less than the principal, it is considered to have a discount.

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Examine some of the key factors that should be considered by HRIS project team when conducting an HRIS investment analysis for the acquisition of a new or improved HRIS

Answers

Discuss your requirements with your human resources department.

Discuss requirements with other members of the organisation. Examine your regulatory requirements (audit, compliance and risk management).

What exactly is HIRS?

An HRIS (human resource information system) director is a human resource management department employee who serves as the technical point of contact (PoC).

The HRIS Project Manager is in charge of major HR system projects, HR system and process design, HR system configuration, data standards, reporting, and analytics, all while reporting to the HRIS Director.

The strategic process by which employers analyse their long-term talent needs in the context of business goals, identify and develop the best talent sources, and then execute the strategy by recruiting, evaluating, and onboarding candidates is known as talent acquisition.

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The following data are taken from the income statement columns of the worksheet of a merchandising business prepared for the year ended December 31, 2002. Net Income Br. 12,500 Sales 45,000 Income Summary 10,000 Dr. and 6,000 Cr. Gross Purchase 19,750 Purchase Ret. & Allowances 200 Purchase Discount 50 BASED ON THE DATA GIVEN ABOVE ANSWER QUESTIONS 7-9 7. What is the total cost of goods sold for the year?

Answers

At the give up of the year, the products that had been now not sold are subtracted from the sum of starting stock and extra purchases. The remaining range derived from the calculation is the value of goods offered for the year.

How do you calculate whole value of items offered for the year?

At a fundamental level, the fee of items bought method is: Starting inventory + purchases − ending inventory = price of goods sold.

What is the value of items offered for the year?

How to Calculate Cost of Goods Sold. If you're calculating the price of items sold in a year, add your stock cost at the establishing of the yr and any purchases — which include materials, labor and indirect overhead costs — made at some stage in the year. Then subtract your inventory value at the give up of the year.

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100pt will mark brainiest
You are the portfolio manager for the Ebbs mutual fund. This fund has total assets of $18,000,000, total liabilities of $1,250,500, and 75,000 outstanding shares. You have a client that desires to invest $10,000 into this fund. Your firm charges a front-end load of $500 for the initial purchase of shares within this fund. Calculate the
N
A
V
P
S
and the number of shares your client will purchase within this fund, then select the correct answers.

The
N
A
V
P
S
for the Ebbs fund is .
The client will purchase of Ebbs mutual fund.

Answers

As a portfolio manager, the NAVPS for the Ebbs fund is $226.66., Therefore, the client will purchase 41.91 shares within the Ebbs fund.

As a portfolio manager Total Assets - Total Liabilities (Total Asset Value (NAV)) / Number of Outstanding Shares NAV = ($18,000,000 - $1,250,500) / 75,000 NAV = $226.66 As a result, the Ebbs fund's NAVPS is $226.66. We must first take the front-end load out of the client's desired investment in order to determine how many shares they will buy: Investment amount: $10,000 less $500 is $9,500. After that, we can multiply this sum by the NAVPS: Shares Required = Investment Amount / NAVPS Shares are equal to $9,500 divided by $226.66. Total Shares = 41.91 The client will consequently buy 41.91 shares of the Ebbs fund.

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Complete the following sentences.



Roth IRA has restrictions. Traditional IRA has restrictions. An individual can contribute up to $5,500 into .

Answers

An individual can contribute up to $5,500 to both Roth IRA and Traditional IRA.

What is the difference between Roth IRA and Traditional IRA?

Roth IRA is an individual retirement account offering tax-free growth and tax-free withdrawals in retirement because the contributions are based on after-tax income.

On the other hand, a Traditional IRA means that contributions are based on pre-tax incomes, therefore, the investment grows tax-deferred, and withdrawals are taxed as current income in retirement.

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Changes in the external environment greatly impact operation of business. Analyze this statement with a relevant example.

Answers

The external environment refers to all the factors that are outside the control of the organisation.

The elements of the external environment are as follows:

Social environment

Political environment

Economic environment

Technological environment

Legal environment

Environmental factors

Operations in business include all the activities that an organisation performs to produce its goods and services. It includes planning, organising, staffing, directing, and controlling the final outcome.

If there is any change in the external environment, such as in the social environment, it can affect the demand or trend of certain goods or services, which can impact the sales of the product or service in a negative or positive manner.

If there is change in any political environment, for example, if there is a new political party in power that is highly capitalistic, then the country might face privatization, which would affect many businesses.

The economic environment can directly affect the operations of businesses. If the economy is stagnant, the growth of businesses is unlikely, but if there is a boom period in the economy, there are high chances that businesses will grow.

If there is a change in the technological environment, then it would affect those businesses that are heavily technology driven.

The legal environment includes changes to certain laws under which businesses in the country are bound.

Introduction to or improvisation of any new law related to consumer rights, company listing, etc. can impact businesses in positive or negative ways.

Environmental factors are dependent on the geographical location of the business unit. In order to expand its reach, if a business decides to relocate to some different geographical location, then the climate of that particular location would impact the sales of some seasonal goods such as food, clothes, etc.

External environment changes can significantly affect business operations. For example, a natural disaster can disrupt supply chains, production,sales, leading to financial losses and reputational damage.

Natural disasters, such as hurricanes, earthquakes, floods, and wildfires, can have a significant impact on the operation of businesses. These events can disrupt supply chains, damage infrastructure, and cause financial losses, as well as threaten the safety of employees and customers.In the short term, natural disasters can lead to business interruptions, as companies may have to shut down their operations temporarily or indefinitely. This can result in lost revenue, missed deadlines, and disrupted relationships with suppliers and customers.In the long term, natural disasters can also have lasting effects on a company's reputation, as customers may view them as unreliable or unable to handle unforeseen circumstances. Additionally, companies may face legal and regulatory challenges in the aftermath of a natural disaster, such as complying with safety regulations or facing lawsuits related to environmental damage.

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Part I: Say true if the statement is correct and false if it is wrong. 1. Complaints & suggestion boxes are Medias or tools of downward communication. 2. Introduction is prefatory part of a report. 3. Diagonal communication is a communication that takes place between departments which are having similar status. 4. The first step in writing a report is collecting data. 5. Written communication is painfully slow, especially where messages have to travel a distance. 6. Feasibility reports examine the practicality and advisability of following a course of action. 7. Concreteness in communication implies being vivid, specific and definite than general. 8. Intra personal communication contains all the essential elements of communication. 9. Grapevine type of communication is depicted in the formal organization structure. 10. Communication is the process of conveying message from one person to another so that they are understood. Part II: Matching Match words, phrases of definitions in column "A" with those items in "B" "A" "B" 1. Non verbal communication 2. Down ward communication 3. Encoding 4. Executive summary 5. Decoding 6. Bibliography 7. Principle of Successful meeting 8. Exit Interview 9. Oral communication 10. Mass communication A. Face -face communication between individuals B. Interview conduct when ever employees are laid off C. Synopsis D. Shows list of materials consulted E. Such type of communication is used to transfer orders, commands & job related instructions to employees at lower level F. Address one issue at a time G. Communication through signs, symbols, and gestures H. communication through radio, Television, and newspapers I. Refers to mental" wrapping" of a communication message J. upward communication K. It is the process of interpreting of message by the receiver Part III: Multiple Choice nstruction: Choose the correct answers for the questions below form the alternatives given and put the etters of your answers on the spaces provided. 1. One of the following is not the characteristic of communication? A. Concerns all managers at all level of management. B. It does 'not facilitate managerial functions. C. It facilitates managerial roles. D. None of the above 2. The use of movement to communicate. A. Haptics B. Proxemics C. Kinesis 3. Which one of the following the first level of communication. A. Intrapersonal B. Interpersonal C. Organizational D. Oculesics D. Intercultural​

Answers

Answer:

Part I:

1.True

2.True

3.False

4.True

5.True

6.True

7.True

8.False

9.False

10.True

Part II:

1.G

2.E

3.I

4.C

5.K

6.B

7.F

8.B

9.A

10.H

Part III:

1.B

2.C

3.A

1. Conceptual skills consist of the job-specific knowledge needed to perform well in a specialized Field and technical Skill, consist of the ability to think analytically, to visualize an organization as a whole and understand how parts work together.

True/ False


2.The perception that all people in a certain group share common Attitudes,Values, and beliefs is known as stereotyping.

True/ False


3.The Management Function of leading is defined as monitoring performance, comparing it with goals and taking corrective action as needed and Controlling is defined as motivating, directing, and otherwise influencing people to work hard to achieve Organization Goals.

True/False


4.Social Responsibility is the notion that Corporations are expected to go above and beyond following the law and making a profit and Corporate Social Responsibility (CSR) is a Manager's duty to take actions that will benefit the interest of Society as well as of the Organizations.

True/False


5. There are three types of Organizations classified according to the three purposes for which they are formed

(1) For-Profit,

(2) Nonprofit, and

(3) Mutual-Benefit.


6.An independently owned and managed profit-seeking Enterprise employing fewer than 100 people is called a Small Business.

True/False


7.A Vision Statement expresses the purpose of the Organization and a Mission Statment expresses what the organizaion should become and where it wants to go strategically.

True/False


8.Outsourcing is defined as using suppliers outside the United States to provide labor, goods, or services, and Global Outsourcing is define as using suppliers outside the company to provide goods and services.

True/False

10. The traditional Management Pyramid is composed of three levels of Management : (1) Top Management

(2) Middle Management and

(3) First-Line Maagement (Lower Level). Top Managers make long term decisions, Middle Managers implement those decisions, and First-Line Managers make short-Term decision.

Answers

False. The statement is incorrect. Conceptual skills refer to the ability to think abstractly and understand complex ideas and relationships between different parts of an organization.

These skills allow individuals to think strategically and develop creative solutions to problems. Technical skills, on the other hand, refer to the specialized knowledge and abilities required to perform specific tasks related to a particular field. They involve the ability to use tools, techniques, and procedures to complete tasks in a specialized area. Therefore, the correct statement is that conceptual skills consist of the ability to think abstractly and understand complex relationships, while technical skills involve specialized knowledge and abilities needed to perform specific tasks.

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What is the definition of macroeconomic

Answers

Answer: Macroeconomics is a branch of economics that focuses on the performance, structure, and behavior of the entire economy, rather than individual markets or specific industries.

Explanation:

It deals with issues such as economic growth, inflation, unemployment, and the policies that governments use to manage these aspects of the economy. Macroeconomic analysis considers factors such as gross domestic product (GDP), interest rates, money supply, and international trade, among others, and attempts to understand how these variables interact to impact the overall performance of the economy.

A portfolio manager’s client invests in a fund with total assets of $14,200,000, total liabilities of $1,500,000, and a total of 50,000 shares outstanding. Calculate the NAVPS for this fund. Answer using complete sentences.

Answers

Answer: $254

Explanation:

The NAVPS (Net Asset Value Per Share) for the given fund can be calculated as the difference between the total assets and the total liabilities divided by the total number of shares outstanding:

NAVPS = (Total assets - Total liabilities) / Total shares outstanding

Substituting the given values, we get:

NAVPS = ($14,200,000 - $1,500,000) / 50,000

= $12,700,000 / 50,000

= $254

Therefore, the NAVPS for the given fund is $254 per share. This means that for every share held by the client, they own a portion of the underlying assets of the fund worth $254. It is important to note that the NAVPS may fluctuate over time as the value of the underlying assets and liabilities of the fund changes.

Sold Computer Equipment from the initial October 1 transaction (setting up the
company) that was recorded at $8,300 to Escambia County Schools for
$7,500 cash. (Remember: Computer equipment was deemed to have a
2 seven-year life with $1,000 salvage value – ROUND MONTHLY
DEPRECIATION EXPENSE TO NEAREST WHOLE DOLLAR)

Answers

According to the information given, it appears that the business gave Escambia County Schools computer equipment in exchange for $7,500 in cash.

Explain the given mechanism.

The computer hardware had an initial cost of $8,300, which was noted on October 1. The depreciation expense was to be rounded up to the nearest whole dollar each month because the equipment was thought to have a seven-year life and a $1,000 salvage value. We must figure out the depreciable cost, which is the original cost less the salvage value, in order to calculate the depreciation expense for the equipment. The depreciable cost in this instance is $7,300 ($8,300 - $1,000). We can use the straight-line depreciation method to determine the monthly depreciation expense because the equipment has a seven-year life. The cost of depreciation is $7,300 / 7, or $1,042.86 annually.

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The comparison and contrasting of the tax administration system in Namibia and other countries

Answers

In many ways, Namibia's tax administration system is comparable to that of other nations, including the collection of funds to support governmental operations and the provision of services to taxpayers. There are, however, other distinctions that make it unique.

Namibia has a very sophisticated tax administration system with a focus on taxpayer education and compliance when compared to several other African nations. Technology has also been used to simplify tax collection and lower fraud.

Namibia's tax structure is simpler and less complicated than that of wealthy nations. Also, it relies less on direct taxes like income tax and more on indirect taxes like value-added tax (VAT).

Generally, Namibia's tax administration system has some features in common with those of other nations, but it also has some key distinctions that reflect the economy of the nation.

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Research shows that physically recording goals makes people more likely to actually achieve them.

A.
True

B.
False

Answers

Research shows that physically recording goals makes people more likely to actually achieve them. This statement is true.

What increases the likelihood that a goal will be attained?

The accomplishment of objectives yields precise, measurable outputs that directly advance the project aims. Planning the actions to accomplish the long-term objectives in your grant by setting precise, measurable, attainable, relevant, and time-bound (SMART) objectives is a solid strategy.

If you disclose your progress in public or keep a tangible record of it, your chances of success will increase even further. According to study from the American Psychological Association, the more frequently you check in on your progress toward a goal, the more likely it is that you will succeed.

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Rodgers Corporation produces and sells football equipment. On July 1, 20Y1, Rodgers issued $26,500,000 of 10-year, 12% bonds at a market (effective) interest rate of 11%, receiving cash of $28,083,449. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year.

Question Content Area
1. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds on July 1, 20Y1.

Question Content Area
2. Journalize the entries to record the following:

a. The first semiannual interest payment on December 31, 20Y1, and the amortization of the bond premium, using the straight-line method. Round to the nearest dollar.

Question Content Area
b. The interest payment on June 30, 20Y2, and the amortization of the bond premium, using the straight-line method. Round to the nearest dollar

Question Content Area
3. Determine the total interest expense for 20Y1. Round to the nearest dollar.

5. Compute the price of $28,083,449 received for the bonds by using the present value tables in Appendix A. Round your PV values to 5 decimal places and the final answers to the nearest dollar. Your total may vary slightly from the price given due to rounding differences.

Present value of the face amount $
Present value of the semi-annual interest payments
Price received for the bonds $

Answers

1- Journal entry to record the amount of cash proceeds from the issuance of the bonds on July 1, 20Y1:

Cash $28,083,449

Bonds Payable $26,500,000

Premium on Bonds Payable $1,583,449

2a. Journal entries to record the first semiannual interest payment on December 31, 20Y1, and the amortization of the bond premium using the straight-line method:

Interest Expense $1,583,450

Premium on Bonds Payable $79,173

Cash $1,504,277

2b. Journal entries to record the interest payment on June 30, 20Y2, and the amortization of the bond premium using the straight-line method:

Interest Expense $1,583,450

Premium on Bonds Payable $79,173

Cash $1,504,277

3- Total interest expense for 20Y1 can be calculated as follows:

Interest Expense = Face amount of bonds x Annual interest rate

Interest Expense = $26,500,000 x 12%

Interest Expense = $3,180,000

Therefore, the total interest expense for 20Y1 is $3,180,000.

4- Compute the price of $28,083,449 received for the bonds by using the present value tables in Appendix A:

Face amount of bonds = $26,500,000

Annual interest rate = 12%

Effective interest rate = 11%

Number of periods = 20 (10 years x 2 semiannual periods)

Using the present value of $1 table in Appendix A, the present value factor for 20 periods at 5.5% (11%/2) is 0.37689.

Present value of the face amount = Face amount x Present value factor

Present value of the face amount = $26,500,000 x 0.37689

Present value of the face amount = $9,984,785

Using the present value of an annuity of $1 table in Appendix A, the present value factor for 20 periods at 5.5% (11%/2) is 8.13954.

Semi-annual interest payment = $26,500,000 x 12% / 2

Semi-annual interest payment = $1,590,000

Present value of the semi-annual interest payments = $1,590,000 x 8.13954

Present value of the semi-annual interest payments = $12,936,057

Price received for the bonds = Present value of the face amount + Present value of the semi-annual interest payments

Price received for the bonds = $9,984,785 + $12,936,057

Price received for the bonds = $22,920,842

Therefore, the price received for the bonds is $22,920,842.

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Irene is looking for jobs in the university administrator field. If she wants to maximize her salary, what’s a simple way to filter her search to the positions that are most likely to be highest paid?

A.
only look at public universities

B.
only look at small colleges

C.
only look at Ivy League universities

D.
only look for positions in large cities

Answers

Only look at Ivy League universities is the  simple way to filter her search to the positions that are most likely to be highest paid.

If Irene wants to maximize her salary, looking for positions in Ivy League universities may be the best option. These universities are known for offering high salaries to their employees, including administrators. However, it's important to note that these positions are also highly competitive, and Irene may need to have a strong education background and relevant experience to be considered for a position. Universities are institutions of higher education that offer a wide range of academic programs, research opportunities, and student services. They play a crucial role in society by producing skilled graduates, advancing knowledge through research, and fostering innovation. Universities vary in size, mission, and structure, and can be public or private.

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