Atkinson Construction assembles residential houses. It uses a job-costing system with two direct-cost categories (direct materials and direct labor) and one indirect-cost pool (assembly support). Direct labor-hours is the allocation base for assembly support costs. In December 2016, Atkinson budgets 2017 assembly-support costs to be $8,800,000 and 2017 direct labor-hours to be 220,000.
At the end of 2017, Atkinson is comparing the costs of several jobs that were started and completed in 2017.
Laguna Model Mission Mode
Construction period Feb-June 2017 May-0ct 2017
Direct material costs $106,550 $127,450
Direct labor costs $36,250 $41,130
Direct labor-hours 970 1,000
Direct materials and direct labor are paid for on a contract basis. The costs of each are known when direct materials are used or when direct labor-hours are worked. The 2017 actual assembly-support costs were $8,400,000, and the actual direct labor-hours were 200,000.
Required:
1. Compute the (a) budgeted indirect-cost rate and (b) actual indirect-cost rate. Why do they differ?
2. What are the job costs of the Laguna Model and the Mission Model using (a) normal costing and (b) actual costing?
3. Why might Atkinson Construction prefer normal costing over actual costing?

During a growth stage, your business may begin to make more money, breaking even, becoming profitable or increasing profitability.

Growth stage or the growth and expansion stage is the second of five key phases in the business life cycle. The life cycle also includes launch, shake-out, maturity, and decline. During the growth stage, a startup will see sales increase rapidly. This is the phase in which businesses start to see profit.

The maturity stage is when the sales begin to level off from the rapid growth period. At this point, companies begin to reduce their prices so they can stay competitive amongst the growing competition.

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Explanation:

I can't really answer this but it's like a essay about the future job of your best customers of what I believe like it says use your imagination is all I can think of. sorry

The three-year forward price is $40.50.

Forward price can be defined as the agreed price which a seller gives to the buyer in a forward contract at a specific period of time.

Using this formula

Forward price=S0ert

Where:

r=Risk-free rate=10%

S0=Spot price=$30

T=Time=3 years

Let plug in the formula

Forward price=30×e^(10%×3)

Forward price=30×e^0.3

Forward price =$40.495

Forward price=$40.50 (Approximately)

Inconclusion the three-year forward price is $40.50.

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Answer:

What has many teeth but cannot bite.?

Mr. Bergh asked his managers about the pros and cons of the business to gather valuable insights, encourage collaboration, and enhance organizational performance, making it an effective communication approach from a leadership perspective.

Mr. Bergh likely asked his managers questions about the pros and cons of the business to gain valuable insights and feedback from those who have a deep understanding of the organization's operations. By seeking input from the top 60 managers, he could gather a comprehensive perspective on the strengths and weaknesses of the business.

In his interview process, Mr. Bergh was likely attempting to retrieve information about various aspects of the business, such as identifying areas of improvement, understanding challenges faced by the managers, exploring potential opportunities, and gathering ideas for strategic decision-making.

By asking specific questions, he could assess the managers' knowledge, critical thinking, and problem-solving abilities. The goal would be to obtain actionable insights that could inform the company's future direction and enhance its performance.

From a leadership perspective, this approach can be highly effective. Engaging with managers and soliciting their opinions demonstrates a collaborative and inclusive leadership style.

It empowers managers by involving them in decision-making processes and signaling that their expertise and perspectives are valued. It also fosters a culture of open communication, encourages creativity, and enables the organization to tap into the collective intelligence of its top management.

However, the effectiveness of this approach depends on the receptiveness of the managers, the level of trust and psychological safety within the organization, and how the collected feedback is utilized.

It is essential for leaders to create an environment where managers feel comfortable expressing their views and ensure that the information gathered is acted upon or considered in decision-making processes. Regular and transparent communication should follow to close the feedback loop and demonstrate a commitment to continuous improvement.

In summary, asking managers about the pros and cons of the business and conducting interviews can be an effective way for a leader to gather valuable insights, foster collaboration, and enhance organizational performance when accompanied by a supportive leadership style and a commitment to act upon the feedback received.

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Volatile price changes, technological changes, and government intervention are external risks that can impact a company's operations and performance.

Volatile price changes refer to fluctuations in input or product prices, which can affect profitability and cost structure. Technological changes can introduce advancements or disrupt an industry, requiring companies to adapt to avoid becoming obsolete.

Government intervention, through regulatory changes or policies, can create uncertainties and challenges for companies, affecting operations, costs, and market access.

To mitigate these risks, companies should implement risk management strategies such as diversification, contingency planning, staying informed about market trends, investing in R&D, and engaging with government stakeholders.

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Answer:

blah blah

Explanation:

blah lol blah blah blah blah blah blah blah blah blah blah blah blah blah

The best way to explain transferable skill is Transferable skills, or portable skills, are all the skills that you take with you from one job to another. The ability to clearly communicate ideas to others, solve unexpected problems, or work well in a team are all examples of transferable skills.

Transferable skills, also known as portable skills, are any skills that you can take from one job to another. Transferable skills include the ability to clearly communicate ideas to others, solve unexpected problems, and work well in a team.

While technical skills enable you to complete specific technical tasks, such as coding in Python or creating wireframes for UX design, transferable skills ensure that you do your job well. As a result, employers highly value transferable skills: after all, a programmer who can work well in a team is likely more valuable than a programmer who cannot code well with others.

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Answer:

Company Chart of AccountsAssets100 Cash110 Accounts Receivable120 Inventory125 Supplies128 Prepaid Insurance129 Prepaid Rent130 Computers & Software132 Accumulated Depreciation -Computers & Software136 Company Vehicles137 Accumulated Depreciation - Vehicles138 Office Building139 Accumulated Depreciation - Office Building140 Land150 Intangible Assets (Patents, Copyrights, etc.)Liabilities200 Accounts Payable210 Wages Payable220 Taxes Payable230 Short-term Loan240 Unearned Revenue220 Long-term LoanOwner's Equity300 Owner's Capital Contribution310 Owner's Draws320 Retained EarningsRevenue400 Merchandise Sales410 Fees Earned420 Other RevenueExpenses500 Wages Expense510 Rent Expense520 Utilities Expense530 Office Supplies Expense540 Depreciation Expense550 Meals & Entertainment Expense560 Maintenance & Repair Expense570 Postage Expense580 Printing Expense590 Miscellaneous Expense

The difference between Mr. Vu and his family and employees is that he is an individualist and egoistic person, while the others are docile and willing to be silent partners.

This is the way of life of a group of people who are bound together by a family bond.

Here, we can see that from the given scenario, there is the description of the character of Mr Vu and how there is a stark contrast between his individualist self and the docile and willingness to be silent partners by his family members.

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All of the variables listed below, with the exception of "Present value" are present inside a future value about an annuity problem.

You need to know the annuity payment amount, the number of periods, and the expected rate of return in order to estimate the future value of such an annuity.

P =PMT((1 + r)ⁿ - 1) / n

Thus, All of the variables listed below, with the exception of "Present value" are present inside a future value about an annuity problem.

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The complete question is-

The variables in a future value of an annuity problem include all of the following, except:

Time period

Interest rate

Future value

Present value

Payments

In order for individual efforts to be recognized and rewarded, team assessments should be made based on the work of each individual employee.

It is a means that a company has to measure the work, efforts, achievements and difficulties of an employee through a series of performance evaluation techniques, which help in understanding the strengths and weaknesses of the employee.

Therefore, the individual performance assessment helps in a more accurate understanding of each employee and their characteristics, for better feedback, follow-up and control.

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Answer:

Gain from selling at the split-off point = $12 * 2,300

Gain from selling at the split-off point = $27,600

Gain from Processing further = $14 * 2,300 - Processing cost ($10,300)

Gain from Processing further = $ 32,200 - $10,300

Gain from Processing further = $21,900

Overall profit

= $27,600 - $21,900

= $5,700 (Decrease in overall profit )

Hence, if product QI is processed further and sold, then overall profit will be decreased by $5,700

Answer: Three components of risk for a business are values, hazard, probability

Explanation: Each of these components is assessed independently. Then, the three outputs are evaluated in a final step that provides the relative risk for the fire. Each risk component is defined by three variables. One variable is located on the right and one on the left side of the box and the third variable is defined by three interior lines extending from top to bottom.

Values are those ecological, social, and economic resources that could be lost or damaged because of a fire.

The hazard in wildland fire is composed of the following:

Conditions under which the fire occurs and exists

probability refers to the likelihood of a fire becoming an active event with the potential to adversely affect values.

Answer:

Small Business= 4

Entrepreneur= 2

Sole Proprietor= 1

C-Corporation= 5

Franchise= 3

Explanation:

hope this helps

A food company that levels forests to create more space for raising cattle to slaughter as meat would emphasize the view that their profit is more important than environmental conservation.

The company's actions prioritize short-term gains over the long-term health and sustainability of the planet. Forests are crucial ecosystems that provide habitat for wildlife, protect soil from erosion, and absorb carbon dioxide from the atmosphere. The company's actions also contribute to deforestation, which is a significant contributor to climate change. Such actions indicate a lack of concern for the environment and a disregard for the negative impact that the company's actions could have on future generations.

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#A food company that levels forests to create more space for raising cattle to slaughter as meat would emphasize the view that:

Profit and economic growth are more important than environmental protection.

Answer: An appraisal is required if you work beyond standard hours.

Explanation: An appraisal is required if you work beyond standard hours because it indicates that you have put in additional effort and dedication to your work. Standard hours typically refer to the regular working hours specified by an organization or industry. When an employee goes above and beyond these standard hours, it often demonstrates their commitment to their job and a willingness to go the extra mile. This can include working overtime, taking on additional responsibilities, or completing tasks outside of the regular work schedule.

Appraisals are commonly used to evaluate an employee's performance, contributions, and overall value to the organization. By considering the extra time and effort put in beyond standard hours, employers can assess the employee's dedication, productivity, and impact on the company's goals. Recognizing and acknowledging these efforts through the appraisal process can motivate employees, provide them with a sense of accomplishment, and potentially lead to rewards or career advancement opportunities. Therefore, an appraisal is often necessary to recognize and evaluate the work done beyond standard hours.

Liability of foreignness refers to the assimilation benefits that make it alluring to create a decent administration in-house.

An intangible asset is a recognizable non-financial resource without actual substance. Such a resource is recognizable when it is divisible, or when it emerges from authoritative or other lawful freedoms. Divisible resources can be sold, moved, authorized, and so on.

The principal kinds of immaterial resources are altruism, brand value, Scholarly properties (Proprietary advantages, Licenses, Brand names, and Copyrights), authorizing, Client records, and Research and development. Generally, the upsides of elusive resources are not kept yet to be determined sheet. Generosity, memorability, and licensed innovation, like licenses, brand names, and copyrights, are elusive resources. Theoretical resources exist contrary to substantial resources, which incorporate land, vehicles, gear, and stock.

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Answer:

Explanation:

From the information given:

The population size N = 5

The sample size n = 2

∴

without replacement; the number of possible samples;

\(^NC_n\)

= \(^5C_2\)

\(= \dfrac{5!}{2!(5-2)!}\)

\(= \dfrac{5!}{2!(3)!}\)

= 10

Thus, 10 different samples of 2 technicians each are possible.

DIfferent samples

S/No        possible samples          Mean

1                         2   1                         3/2 = 1.5

2                        2   3                        5/2 = 2.5

3                        2   5                        7/2 = 3.5

4                        2   4                        6/2 = 3

5                        1    3                        4/2 = 2

6                        1   5                        6/2 = 3

7                        1   4                        5/2 = 2.5

8                        3   5                        8/2 = 4

9                        3   4                        7/2 = 3.5

10                       5   4                        9/2 = 4.5

                        Total                                30

Sample distribution for the sample mean  \(= \dfrac {30} {10}\)

= 3

Population mean = \(\dfrac{2+1+3+5+4}{5}\)

\(=\dfrac{15 }{5}\)

= 3

Thus, it is obvious that both means are equal

Kate's gross pay for working 45.5 hours Monday through Saturday is A. R 603.13.

First, find the regular pay to Kate assuming she worked 40 hours in the week :

Regular pay: 40 hours * R 12 . 50/ hour

= R500

The overtime pay is calculated for the hours worked in excess of 40 hours. In this case, Kate worked 5.5 hours overtime.

Then the overtime for Saturday would be:

= 5. 5 * R12.50/hour * 1.5

= R 103. 13

The total gross pay is therefore :

Total gross pay: R500 + R103.13

= R603.13

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The value stream approach is a lean manufacturing methodology that focuses on creating value for the customer by identifying and eliminating waste in the production process. One of the key principles of the value stream approach is to create smaller batch sizes to reduce the amount of work-in-progress inventory and improve flow.

While implementing smaller batch sizes can result in several benefits, such as reduced lead times, increased flexibility, and improved quality, there are also costs associated with this approach. Some of these costs include:

Setup costs: Setting up machines and equipment for each batch can be time-consuming and expensive. The more frequent the setups, the higher the setup costs.

Labor costs: Smaller batch sizes may require more frequent machine and equipment changes, which can increase labor costs.

Material costs: Ordering smaller quantities of materials may result in higher per-unit costs due to reduced economies of scale.

Transportation costs: Shipping smaller quantities of products more frequently can result in higher transportation costs.

Overhead costs: Smaller batch sizes may require more frequent quality checks and inspections, which can increase overhead costs.

In summary, while smaller batch sizes can result in several benefits, it is important to carefully evaluate the costs and benefits before implementing this approach in a manufacturing setting.

Answer:

Explanation:

Both modern and ancient medicine both use or use natural plants or herbs to help with illnesses. These types of medicines are still used today

The financial statement effects template records Lowe's purchases for the fiscal year ended February 28, 2019 as follows:

Transaction        Assets                       =   Liabilities   +   Equity

Purchases          $0       +   $49,569    =   $49,569     +    $0

                          Inventory                         Accounts Payable

The accounts equally affected by the purchases on account are the Inventory and the Accounts Payable.

Data Analysis:

Merchandise Inventory $49,569 Accounts Payable $49,569

Thus, with the purchases of merchandise during the fiscal year at a cost of $49,569, the Assets (inventory) and Liabilities (accounts payable) are increased by the same amount.

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Based on the information provided, I recommend that SIL does not shut down the production line of feed concentrate for Kroilers

The decision to shut down a production line is a complex one that should be made on a case-by-case basis.

In the case of SIL, the management accountant has advised that shutting down the production line of feed concentrate for Kroilers will save 20% of the total annual fixed costs. This would result in a net profit increase of Shs. 2,800,000 (20% of 28,000,000). However, there are a number of other factors that need to be considered.

Based on the information provided, I recommend that SIL does not shut down the production line of feed concentrate for Kroilers. The financial benefits of the closure would be offset by the costs of job losses, lost sales, and damage to the company's reputation. The company should explore other options, such as finding a way to reduce costs without closing the production line.

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The targeting strategy in which an organization targets a single market segment using one marketing mix is called a(n) concentrated strategy.

A concentration strategy is when a company concentrates on a certain clientele, a particular product, or a particular geographical market. As the name suggests, the main goal is to enable the company to focus its efforts rather than diversify them.

A smart and practical business strategy is concentration. It competes in the same market and concentrates on a specific niche. The top fast-food companies in the world, including Subway, McDonald's, and Starbucks, all employ the same concentration strategy by focusing on a single type of customer.

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The operations management course concept refers to the systematic design, direction, and control of the processes that transform inputs such as raw materials, energy, and labor into outputs such as goods and services that satisfy customer needs.

This management process includes inventory management, scheduling, supply chain management, quality control, and more. The goal of operations management is to create efficient processes that maximize productivity while minimizing costs.

Students taking an operations management course learn about these concepts and how to apply them to real-world situations in various industries. They also study topics like process design, project management, lean principles, and decision-making models.

The course is usually offered as a part of business administration, engineering, or industrial technology programs. Graduates of the course may go on to careers as operations managers, logistics managers, supply chain analysts, process improvement specialists, or manufacturing engineers, depending on their areas of focus and interests.

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James should solicit feedback, Inform your management, Be accountable for your contributions, and Let them know how much you appreciate them.

They will feel most valued when you provide your staff members with a sense of purpose, success, and community.

Tell them exactly how they contribute and how they fit into the bigger picture of your firm, in addition to how they interact with their teams and the more significant business.

Verify your own worth, Exercise before work, change your attitude, and concentrate on minor victories.

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Answer:

Evergreen Company

1. Necessary Journal Entries for Evergreen involving the sale of merchandise:

Feb. 28  Debit Notes Receivable (Lennox Inc.) $10,000

              Credit Sales Revenue $10,000

To record the sale of goods on credit, terms 10% 7-month note.

Mar. 31: Debit Notes Receivable (Maddox Co.) $8,000

             Credit Sales Revenue $7,200

             Credit Interest Receivable $800

To record the sale of goods on credit.

Apr. 3  Debit Accounts Receivable (Carr Co.) $7,000

           Credit Sales Revenue $7,000

To record the sale of goods with terms 2/10, n/30.

Apri. 11 Debit Cash Account $6,860

           Cash Discount Allowed $140

           Credit Accounts Receivable (Carr Co.) $7,000

To record the collection on account.

Apr. 17 Debit Sales Returns $5,000

           Credit Accounts Receivable $5,000

To record the return of goods on account.

Apr. 30 Debit Cash Account $49,500

            Debit Finance Charges $500

            Credit Accounts Receivable $50,000

To record the transfer of receivables to a factor without recourse and 1% finance charge.

June 30 Debit Cash Account $8,800

              Debit Finance Charges $1,200

              Credit Notes Receivable $10,000

To record the discounting of the note at the bank at 12%.

2. Necessary Adjusting Journal Entries at December 31, 2021:

3. A Schedule showing the effect of the journal entries on 2021 income before taxes:

Sales revenue     $10,000

Sales Revenue        7,200

Sales Revenue        7,000

Discount Allowed      (140)

Interest Receivable   800

Sales Returns       (5,000)

Finance charges     (500)

Finance charges   (1,200)

Explanation:

Finance charge of $500 = ($50,000 * 1%). Factoring accounts receivable enables Evergreen to collect on its accounts receivable before the due date.  This usually attracts some finance charges.  Sales without recourse means that the factoring company and not Evergreen accepts the risk associated with credit default.  Sales with recourse implies that Evergreen retains the risk arising from credit default.