assume the following information pertaining to star company: prime costs $ 200,000 conversion costs 231,000 direct materials used 88,500 beginning work in process 102,500 ending work in process 83,000 factory overhead is calculated to be:
Answers
The factory overhead for Star Company can be calculated by subtracting the sum of prime costs and conversion costs from the total manufacturing costs.
Factory overhead represents the indirect costs incurred in the manufacturing process that cannot be directly attributed to specific units of production. To calculate the factory overhead for Star Company, we need to subtract the sum of prime costs and conversion costs from the total manufacturing costs.
Prime costs include the direct materials used and the direct labor costs. In this case, the prime costs amount to $200,000 (direct materials used) + X (direct labor costs).
Conversion costs encompass the direct labor costs and the factory overhead costs. Given that the conversion costs are $231,000, we can express this as X (direct labor costs) + Factory Overhead.
The total manufacturing costs consist of the sum of direct materials used, direct labor costs, and factory overhead. Therefore, the total manufacturing costs can be calculated as $88,500 (direct materials used) + X (direct labor costs) + Factory Overhead.
To find the factory overhead, we subtract the sum of prime costs and conversion costs from the total manufacturing costs:
Total manufacturing costs = Prime costs + Conversion costs + Factory Overhead
Therefore, Factory Overhead = Total manufacturing costs - (Prime costs + Conversion costs)
The specific value for factory overhead can be calculated using the provided information on prime costs, conversion costs, and direct materials used.
Learn more about Factory overhead here:
https://brainly.com/question/32108468
#SPJ11
Related Questions
Distinguish between the direct method and the indirect method of reporting cash flows from operating activities. When a statement of cash flows is prepared using the direct method, what are some of the operating cash flows? 6. Describe of reporting cash flows from operating activities under the indirect method. Which is method is better?
Answers
In cash flow statement, the direct method cash flows from operating activities are divided into two sections: cash received from customers and cash paid to suppliers and employees.
Other cash inflows or outflows, such as taxes and interest, are listed separately as cash flow from operating activities. Under the direct method, changes in non-cash current assets and current liabilities, such as receivables and payables, are presented as individual line items
The cash flow statement is divided into three segments: cash flows from operating activities, cash flows from investing activities, and cash flows from financing activities.
The direct and indirect methods are used to report cash flows from operating activities. They vary in terms of which line items are considered cash flows from operating activities and how they are presented. The direct method entails calculating the actual amount of cash paid or received for each operating cash flow element.
Know more about cash flow statement:
https://brainly.com/question/27994727
#SPJ11
On the Debt Financing tab, which option should be selected in the "How Input" field to model a refinance?
Answers
Debt financing takes place when a company raises money by selling debt instruments to investors.
What is debt financing?
Your information is incomplete. Therefore, an overview of debt financing will be given. Debt financing simply occurs when a firm sells fixed income products, like bonds, bills, or notes.
Debt financing is the opposite of equity financing. The main advantage of debt financing is that the business owner doesn't give up any control of the business.
Learn more about debt on:
https://brainly.com/question/1957305
natural fertility in most populations produces an average of about ____ children.
Answers
The average natural fertility in most populations produces about 2-3 children. This is the number of children born to a woman during her reproductive years.
Natural fertility refers to the number of children a population would produce without any contraceptive measures. The average number of children born to a woman during her reproductive years is about 2-3 in most populations. This is known as the replacement level fertility, which means that the population is replacing itself. However, the actual fertility rate can vary depending on factors such as cultural norms, access to healthcare, and economic conditions. In some countries, the fertility rate is below the replacement level, leading to an aging population, while in others, it is higher, leading to population growth.
Learn more about healthcare, and economic here;
https://brainly.com/question/31861344
#SPJ11
the administrative duty is best described by: handling the important executive side of the project. the ability to provide leadership for the pr
Answers
the administrative duty is best described by handling the important executive side of the project.
A commitment or expectation to carry out some action generally or if particular circumstances exist is known as a duty (from "due" meaning "that which is owing"; Old French: deu, did, past participle of devoir; Latin: debere, debitum, from "debt"). A system of ethics or morality may give rise to an obligation, especially in cultures where honor is valued. A lot of obligations are imposed by law, and they may come with a written punishment or liability for non-performance. It may be necessary to give up some self-interest in order to fulfill one's duty. In his work "On Duty," the early Roman philosopher Cicero says that there are four possible ways that obligations can arise.
learn more about duty:
https://brainly.com/question/14205107
#SPJ4
Rather than the borrower paying a small rate of interest in each cycle like with a credit card, the borrower using a payday loan...
Answers
Answer:
Rather than the borrower paying a small rate of interest in each cycle like with a credit card, the borrower using a payday loan... doesnt make you go thourgh the cycle of interest.
Explanation:
Answer:
No, paying from a credit card is more preferable .
Explanation:
The borrower paying a small rate of interest in each cycle like with a credit card, the borrower using a payday loan :
No, since the interest charged by her credit card will be less than the interest charged by the payday lender. Usually, the sum given to you by the payday loan specialist is as of now net of interest. So, in the event that you connected for an advance of $100, you may be given a sum less than $100 but you still need to pay for $100. The brief span of time the payday lender has, it charges the next interest than that of a credit card. You merely pay interest on your credit card once you have an exceptional adjustment at the conclusion of the month to month cut-off. On the off chance that you pay off the entire extraordinary sum inside the cut-off, no intrigued will be charged.Know more :
https://brainly.com/question/14366568?referrer=searchResults
When business thinkers are mentally flexible, they possesses the ability to
Answers
When business thinkers are mentally flexible, they possess the ability to adapt to changing situations, think creatively, and approach problems from multiple angles.
Mental flexibility enables business thinkers to be open-minded and willing to consider new ideas, even if they may challenge their current beliefs or strategies. They are able to see situations from different perspectives and recognize potential solutions that may have been overlooked otherwise. This is particularly important in today's fast-paced business environment, where new technologies, market shifts.
In addition, mental flexibility allows business thinkers to communicate effectively with different stakeholders, including employees, customers, and investors. They are able to adjust their messaging and approach based on the needs and preferences of each group, which can help build stronger relationships and drive better outcomes.
Overall, being mentally flexible is a key trait for business thinkers who want to stay ahead of the curve and succeed in today's dynamic marketplace. It allows them to embrace change, take calculated risks, and continuously improve their strategies and processes.
For more such questions on business visit:
https://brainly.com/question/24553900
#SPJ11
plzzzzzzzzzzz what is the square root of 8
Answers
Answer:
\(2.82842712475\)
Explanation:
The square root of eight is a irrational number because it cannot be a fraction with integers. The square root up eight has to be rounded up eight decimal places would equal "2.82842712475" which means that is your answer.
8–√
=23−−√
or 2–√
x 2–√
x 2–√
=> 8–√
= 2x 2–√
=> 8–√
= 22–√
= 1.41421...
Therefore, 8–√
= 2 x 1.41421..
=> 8–√
= 2.82842..
Hope this helps.
What is the amount of currency of one country that can be traded for one unit of currency of another country?
- Exchange rate
-Foreign exchange
Answers
Market for foreign exchange. Exchange rate; the network of banks and other financial institutions that trade in various currencies.
How much of one currency may be purchased with another?As a result, a reciprocal currency is priced in terms of U.S. dollars per foreign currency unit rather than dollars per foreign currency unit. The EUR/USD currency pair is a typical illustration, where a quote of 1.20 indicates that one euro is equivalent to $1.20 in USD.
Which currency is employed in international trade?The currency
Since the end of World War II, the dollar has served as the primary reserve currency for the whole world and is the most often used currency for international trade.
To know more about Exchange rate and Foreign exchange visit:-
https://brainly.com/question/14231622
#SPJ1
Bryan tells his boss that his family is moving to a different city at the end of junior year. Bryan’s boss tells him, “I could write down the type of work you did for me and explain your best qualities. That way it might be easier for you to get a job in your new city.” What is this document called?
self-employment record
entrepreneurial assessment
personality inventory
letter of recommendation
Answers
According to the "4-Drive Theory of Employee Motivation," there are four key motivational factors for workers: the need to acquire and achieve, bond with others, and belong.
Who claims that the presence of hygiene factors is necessary to prevent dissatisfaction while the presence of motivators is necessary to produce satisfaction?According to Frederick Herzberg, employee satisfaction includes two components: "hygiene" and incentive. Employees are less likely to be dissatisfied with their workplaces when hygiene issues like pay and supervision are addressed. Motivators like achievement and gratification.
Which of the following management initiatives would inspire employees at Mayflower & Juneberry the most?Set a deadline for customers to place orders for each season's goods, and then provide them with daily updates on the amount of the upcoming season's goods that have been purchased.
To know more about Theory of Employee Motivation, visit :-
https://brainly.com/question/30703122
#SPJ1
Which is a possible benefit of having a good credit history?
getting a high interest rate on a credit card offer
obtaining a low interest rate on a loan
obtaining a savings account
having a paycheck garnished
Answers
Answer:
Your borrowing capacity is based on your income and your credit score. One of the benefits of having a good credit score is that banks are willing to let you borrow more money because you’ve demonstrated that you pay back what you borrow on time.
Explanation:
Answer:
B.
Explanation:
edge2021
problems of the public sector provisioning
Answers
Answer:
erms in this set (6)
lack of accountability. nepotism, corruption, incompetence.
Inefficiency. Bureaucracy. ...
Difficulty in assessing needs. prone to under-or over-supplying public goods.
Pricing policy. prices can be over or under valued.
Parastatals. inefficient and in need of bailouts.
Privatisation.
Explanation:
Have a nice day, honey. ^_^ ^﹏^
Do you think large multinational corporations in general like Wal-Mart, Apple, McDonalds and Frito Lay are good or bad for the world? Is "globalization" another word for “Americanization”? Why or why not? (3 points) Explain using complete sentences.
Answers
Answer:
I think multinational corporations in like these are bad. Because even people on diets or trying to diet, and people buy it for them not knowing its hard for them to say no.
Explanation:
An accounts receivable manager processes 200 checks per day with an average process time of 15 working days. What is the average number of accounts receivable checks being processed in her office? What if through information technology she reduces the processing time from 15 days to 10 days to 5 days? What are the advantages and disadvantages of adopting this technology? Explain.
Answers
The average number will continue to decrease if the time required is shorter. Adopting technology also has some advantages and disadvantages.
To calculate the average number of accounts receivable checks being processed in the manager's office, we need to multiply the number of checks processed per day by the average process time, here's the steps:
200 checks/day x 15 days = 3,000 checks
If the processing time is reduced to 10 days, the average number of accounts receivable checks being processed in the manager's office would be:
200 checks/day x 10 days = 2,000 checks
And if the processing time is further reduced to 5 days, the average number of accounts receivable checks being processed in the manager's office would be:
200 checks/day x 5 days = 1,000 checks
The advantages of adopting information technology to reduce processing time are:
1. Increased efficiency: Information technology can automate many of the manual processes involved in accounts receivable management, reducing the time and effort required to process checks.
2. Improved accuracy: By automating processes, information technology can reduce the risk of errors and improve the accuracy of accounts receivable records.
3. Faster payment processing: With faster processing times, accounts receivable managers can process payments more quickly, reducing the time it takes to receive payments from customers.
The disadvantages to adopting information technology:
1. Cost: Implementing information technology can be expensive, especially for small businesses that may not have the resources to invest in new technology.
2. Training: Employees may need to be trained on how to use the new technology, which can take time and resources.
3. Security risks: Information technology can be vulnerable to security breaches, which can compromise sensitive financial information.
Overall, the benefits of adopting information technology for accounts receivable management can outweigh the disadvantages, but it's important to carefully consider the costs and risks involved before making a decision.
Learn more about average number : brainly.com/question/15397049
#SPJ11
The actions or means managers intend to use to achieve organizational goals are called?
Answers
In conclusion, strategies are the actions or means that managers employ to achieve organizational goals. They provide a roadmap for decision-making and resource allocation, helping organizations navigate towards success.
The actions or means managers intend to use to achieve organizational goals are called strategies. Strategies are plans of action designed to guide an organization towards its objectives. They outline the steps and resources needed to accomplish goals effectively and efficiently.
Strategies can take various forms, depending on the specific goal and context. Some common examples include:
1. Market penetration: This strategy focuses on increasing market share for existing products or services through tactics like aggressive marketing and pricing.
2. Product development: Here, the goal is to introduce new products or improve existing ones to meet customer needs and gain a competitive edge.
3. Diversification: This strategy involves expanding into new markets or industries to reduce dependence on a single product or market.
4. Cost leadership: This strategy aims to become the low-cost provider in the industry, offering products or services at competitive prices.
In conclusion, strategies are the actions or means that managers employ to achieve organizational goals. They provide a roadmap for decision-making and resource allocation, helping organizations navigate towards success.
To know more about resource allocation, visit:
https://brainly.com/question/33438547
#SPJ11
Drag each description to the correct location on the graph. This graph is the production possibility curve for a country's combined production of good A and good B. Match each description to the point on the graph that it best corresponds with
Answers
Answer:
**Starting from the bottom**
First: The country's unemployment rate has increased drastically.
Second: there are still many people without jobs, but the countries unemployment rate has decreased.
Third: The country is using its resource efficiently.
Fourth: The country wishes to produce an amount of both goods that is clearly unattainable.
Who has the most goals in fifa history
Answers
Answer:
Pele
explanation:
In 1.9k+ goals
Jason is an ancient history lover. He wants to share his knowledge on social media, but he does not think that video platform will work well since he cannot afford to travel to many of the places that have the ruins he wants to share information about. What would be the best social media platform to provide information show pictures of these places?
Answers
The best social media platform where Jason can share his knowledge and provide information and show pictures of these places is where common people and his friends near and all over can connect with him and can be friends with him on that networking site.
What is social media?Social media refers to the means of interactions among people in which they create, share, and/or exchange information and ideas in virtual communities and networks. We offer an array of tools, including one-on-one consults with schools, departments and offices looking to form or maintain an existing social media presence to discuss social media goals and strategy, as well as offer insights and ideas.
Before creating any social media account, we must submit the Account Request Form.
Learn more about media, here:
https://brainly.com/question/21333773
#SPJ1
At a recent stockholders meeting for Ignate Inc., a group of stockholders expressed disagreement with the way that the managers were using free cash flow. Because they wanted to be able to control how the cash is invested, the stockholders lobbied that the free cash flow should be:
Answers
The stockholders lobbied that the free cash flow should be distributed to them as dividends.
The Free cash flow means money that business generates from its main business activities after necessary deduction of capital expenditures.
The Free cash flow are used to make further investment to allow more cash inflow into the organization.
But here, the stockholders are expressing their disagreement with the way that the managers were using free cash flow, therefore, they prefers that dividend are paid to them rather than managers investing the Free Cash Flow.
Therefore, the Option B is correct.
The options includes "a. used to pursue cross-border acquisitions. O b. distributed to them as dividends. O C. invested in new research and development O d. used to pay down corporate debt."
Learn more about this here
brainly.com/question/14812662
Customer relationship management is used for all of the following EXECPT
Can anyone help me with this question? Please and thank you.
A. to target highly valued customers.
B. to identify all customers who shop with the company.
C. to develop strong customer relationships.
D. to create offers tailored to specific customers.
Answers
Answer:
The correct answer is B.
Explanation:
hope it help
An instrument used to enlarge or reduce a map is known as
Answers
Answer:
pantograph
Explanation:
you can use a pantograph to do this.
Which type of business does not hold owners accountable for the debts of
the business?
OA. Sole proprietorship
OB. LLC
OC. Partnership
A
OD. Private company
Answers
Answer:
Limited Liability Company (LLC)
Explanation:
A limited Liability Company (LLC) is a business structure in the United States that protects its owners from the personal responsibility for its repayment of debts and liabilities. It is a hybrid entity that has the characteristics of a corporation, partnership and sole proprietorship. The regulation of LLC's varies from one state to another. An entity or individual can be a member of an LLC with notable exceptions from banks and insurance companies. The primary reason for registering a business under LLC is to limit the personal liability of the owners as well as the partners. LLC may have some attractive features but they also possess some great disadvantages as well. Depending upon the state law, an LLC may be dissolved upon the death or bankruptcy of a member.
FIRST SCENARIO: The economy has taken a turn for the worse. The president believes the government should get the economy moving again. According to the president, the problem is that markets are flawed and they do not protect consumers. Therefore, the government should study the problem, decide what must be produced, and pass laws that require individuals and businesses to follow the government’s informed advice.
Opponents of the president see a different world. They say central planners do not have enough information to organize an economic system. Markets may seem chaotic, but prices act as signals and respond quickly to fragmented information in a dynamic economy. These price signals provide consumers, businesses, and resource owners with the information they need to coordinate action. In addition, incentives matter. Government programs often create incentives that have unintended consequences. The economy will grow if we stay the course.
What would Adam Smith say? Why?
SECOND SCENARIO: The Save Our Jobs Coalition is working to pass a law that would penalize businesses that move jobs overseas. In addition, the law would require tariffs to be imposed on imported goods that are cheaper than similar goods made in the United States. Many corporations and small businesses are in favor of raising tariffs.
Opponents of the proposed law believe freer trade promotes economic progress because it makes more sense to buy goods from a country that makes them less expensively and use the country‟s resources to make other products. A tariff may save jobs in a particular industry, but other jobs will not be created. Furthermore, prohibiting American companies from having operations overseas means the companies will be reluctant to hire people domestically and will lay off highly paid workers in their quest to cut costs.
What would Adam Smith say? Why?
THIRD SCENARIO: Business lobbyists believe the current government is anti-business. They also think competition is making it difficult to make a profit. They believe it’s time for the government to help businesses through subsidies and incentives for consumers to buy their products. They also want the government to suspend antitrust laws and make new rules and regulations that would make it more difficult for small businesses to compete unfairly with large, well-established corporations. According to the lobbyists, helping business will improve everyone’s lives.
What would Adam Smith say? Why?
FOURTH SCENARIO: “Stop Government Now” is a group that believes there is no legitimate role for government except providing for police and fire protection. Members believe almost all governmental functions should be privatized. Markets should not be regulated. Members say markets may be greedy, but free markets make us all more moral.
What would Adam Smith say? Why?
MUST WRITE A PARAGRAPH FOR EACH SCENARIO
Answers
The proposed response of Adam Smith based on each scenario is given below:
Scenario 1He would say that the pricing system should remain the main determinant of the market and the interference of the government was uncalled for.
Scenario 2He would side with the free market system and be an opponent of the law that frowns on importation.
Scenario 3He would support the suspension of the antitrust laws.
Scenario 4He would believe that markets should not be regulated and the free market system should continue.
Who is Adam Smith?He is the father of modern economics for his work in pioneering ideas such as free trade and the gross domestic product
Hence, we can see that the proposed response of Adam Smith based on each scenario is given above.
Read more about Adam Smith here:
brainly.com/question/50
#SPJ1
The video clip from Jerry Maguire emphasized three key qualities that people seek out in salespeople to establish a relationship and credibility. They are all of the following EXCEPT?A. GATHER INFORMATION ON CUSTOMER NEEDS AND PREFERENCESB.-Being enthusiastic, Being honest, Being accountable, Demonstrating concern for customer welfareC.FASHION APPAREL, PERSONAL COMPUTERS AND RECREATIONAL VEHICLESD. It is composed of four distinct quadrants, each representing a major communication style.
Answers
The right response is to show enthusiasm, honesty, accountability, and concern for client welfare.
What does no credibility mean?It's straightforward: people won't believe you if you don't have credibility. You can't convince someone if they don't believe you. And if you lack the ability to persuade, you'll will never ever be able to innovate, lead, or solve problems.
What is most important to create credibility?Irrespective matter what function you play, being genuine and inspiring people' trust are crucial to your success. It's crucial if you have a leadership position. Develop your credibility by acting with integrity and honesty at all times.
To know more about credibility visit:
brainly.com/question/29847452
#SPJ4
How are volatility and risk related in an investment?
A.
a volatile investment is less risky
B.
a volatile investment is more risky
C.
volatility and risk are not related
Answers
The terms volatility and risk are related in an investment because a volatile investment is more risky. The Option B is correct.
What is a volatile investment?Basically, the term volatility describes when a market or security experiences periods of unpredictable and sometimes sharp, price movements. Most People often think of volatility only when prices fall, however volatility can also refer to sudden price rises too.
Most of the Increased market volatility are caused by economic or policy factors including changes in other markets, interest rate hikes, and the Fed's current monetary policy. A political instability can also lead to market volatility.
Read more about volatile investment
brainly.com/question/4910609
#SPJ1
What component of GDP would a consumer buying a new house affect?
O government spending
O net exports
investment
O consumer spending
Answers
Answer:
Explanation:
A: the government is not buying the home. You are. Not A
B: The house is not being moved on any soil but American Soil. Not B
C: You could argue that a home is an investment, but not to the GDP. The answer is not C.
D: GDP would call this consumer spending.
Answer:
consumer spending
This is because, consumer spending is the same as personal consumption expenditure
Within a diversified company a set of businesses that share identical or very similar strategies or strategic challenges is called a.
Answers
The set of businesses that share similar strategies within a diversified company is called a: strategic business unit.
What is a Strategic Business Unit?A strategic business unit can be defined as a sub-unit or independent department of a diversified, fully funtional organization with a specific target market, vision, mission, and objectives.
Good examples of a diversified company with strategic business units are LG, Proctor and Gamble, etc., which have different product categories.
Therefore, the set of businesses that share similar strategies within a diversified company is called a: strategic business unit.
Learn more about strategic business unit on:
https://brainly.com/question/24684801
Which of these is NOT a concern for consumers in times of inflation?
a.They cannot anticipate the cost of goods and services.
b.They lose money on their investments and savings.
c.They are at a disadvantage when paying back borrowed money.
d.They struggle when they are on a fixed income.
Answers
Answer: D
Explanation:
For a monopolist that does not price discriminate, economic profit is maximized in the short run at a price of $140. Marginal revenue at that output level is Group of answer choices equal to $140. greater than $140. less than $140. less than marginal cost. greater than average revenue.
Answers
suppose you have developed a new product for you business.outlineany five steps in developing a rematch instrument
Answers
Answer:
But I am too young to start a new business
producer surplus is question content area bottom part 1 a. the total difference between the total costs firms incur in producing an item and the utility consumers derive from purchasing the item. b. the total difference between the utility consumers derive from purchasing an item and the total costs firms incur in producing the item. c. the total difference between the total amount that consumers are willing to pay for an item and the total amount that producers would like to receive. d. the total difference between the total amount that producers actually receive for an item and the total amount that they would have been willing to accept.
Answers
Producer Surplus is:
The total difference between the total amount that consumers are willing to pay for an item and the total amount that producers would like to receive.
The correct option is (c)
What Is a Producer Surplus?Producer surplus is the difference between how much a person would be willing to accept for a given quantity of a good versus how much they can receive by selling the good at the market price. The difference or surplus amount is the benefit the producer receives for selling the good in the market.
A producer surplus is generated by market prices in excess of the lowest price producers would otherwise be willing to accept for their goods.
The Formula for Producer Surplus Is:
Total revenue - marginal cost = producer surplus
The correct option is (c).
Learn more about Producer Surplus at:
https://brainly.com/question/15878630
#SPJ4
The complete question is:
Producer surplus is :
a. the total difference between the total costs firms incur in producing an item and the utility consumers derive from purchasing the item.
b. the total difference between the utility consumers derive from purchasing an item and the total costs firms incur in producing the item. c. the total difference between the total amount that consumers are willing to pay for an item and the total amount that producers would like to receive.
d. the total difference between the total amount that producers actually receive for an item and the total amount that they would have been willing to accept.