material handling cost should be assigned to products made in March $36,000.
Given data,
labor cost = $360,000
move material per year = 600,000 pounds
To find out material handling cost.
we find here first Labor Cost per pound of material that is express as
Labor Cost per pound of material = Labor Cost ÷ Number of Pounds of material .......................1
Labor Cost per pound of material ==360000/600000= $0.6 per pound of material
Labor Cost per pound of material = $ .6 per pound of material
so, we can say that 60000 pounds are moved in March so cost will be
60000 pounds are move cost = 60000 × $0.6
60000 pounds are move cost = $36000
material handling cost is: $36,000
What is material handling cost?The freight for the items (equipment and material), insurance, and customs clearance fees, among other expenses, make up material handling costs (or MRC). Posted in Procurement and tagged cost, procurement, logistics.
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the graph to the right depicts the per unit cost curves and demand curve facing a shirt manufacturer in a competitive industry 2.9
The firm will exit or leave the industry as its not making any profits.
CALCULATION OF THE PROFITSAccording to the Question,
The firm produces at P = MC
Where we know,
Q = 55 units
P = $4.78
ATC or Average Total Cost = 6.76
AVC or Average Valuable Cost = 3
P > AVC so the firm produces to minimize losses at the MC = P.
Profit = ( P - ATC ) × Q
=( 4.78 - 6.76 ) × 55
= - 108.9
The profit is - 108.9 dollars per minute.
As the firm in the industry is making losses ( a negative profit ) so it will exit the industry in the long run.
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In the short run a firm in any of the market models can operate at a(n) _________________
In the short run, a firm in any of the market models can operate at a(n) loss or economic profit, or normal profit.
What are the 4 types of market structures?
The four types of economic market structures are an oligopoly, monopoly, perfect competition, and monopolistic competition. The following characteristics explain why the categories are different: In oligopoly, there are few producers, many in perfect and monopolistic competition, and one in monopoly.
What happens to a monopolistic competitive firm in the short run?
A monopolistically competitive company optimizes profits or minimizes losses in the short run by producing the amount where marginal revenue equals marginal cost. The company will make an economic profit if the average total cost is lower than the market price.
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The net asset value is calculated by dividing the current _______ value of the fund's portfolio (reduced by liabilities) by the number of outstanding shares.
The net asset value is calculated by dividing the current assets value of the fund's portfolio (reduced by liabilities) by the number of outstanding shares.
What is net asset value (NAV)?The worth of an investment fund is represented by its net asset value, or NAV, which is determined by adding up all of the fund's assets and deducting all of its liabilities.
NAV is used by mutual funds and ETFs to determine the cost per share of the fund.The net asset value of an investment fund is calculated by dividing the number of outstanding shares by the net value of the fund's assets less its liabilities.Commonly, NAV is used to compute the price per share of a mutual fund or ETF.The closing market values of the securities in the portfolio are used to determine NAV at the conclusion of each trading day.A pooled investment security called an exchange-traded fund (ETF) functions very similarly to a mutual fund.ETFs often follow a certain sector, index, commodity, or other asset, but unlike mutual funds, they can be bought or sold on a stock exchange just like conventional stocks.Anything from the price of a single commodity to a sizable and varied group of securities can be tracked by an ETF.ETFs may even be designed to follow particular investment strategies.Know more about ETF https://brainly.com/question/15169791
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Andy filed a fraudulent 2021 tax return on May 1, 2022. The statute of limitations for IRS assessment on Andy's 2021 tax return should end:
Andy filed a fraudulent 2021 tax return on May 1, 2022. The statute of limitations for IRS assessment on Andy's 2021 tax return should end is E)None of the choices are correct.
A tax go-back is a document filed with a tax authority that reviews earnings, expenses, and different applicable financial facts. On tax returns, taxpayers calculate their tax legal responsibility, schedule tax payments, or request refunds for the overpayment of taxes.
Whilst to anticipate Your Refund. Refunds are typically issued inside 21 days while you electronically filed your tax return or forty-two days of while you filed paper returns. If it is been longer, discover why your refund may be behind schedule or might not be the quantity you anticipated.
Taxpayer information precis, like AIS, can be downloaded from the e-filing portal of the earnings Tax branch. To get admission to your TIS, click on AIS underneath the offerings tab of the I-T portal. click "Taxpayer data declaration" on the subsequent web page to download it in a password-protected PDF.
Your question is incomplete. Please find below the complete question.
Andy filed a fraudulent 2021 tax return on May 1, 2022. The statute of limitations for IRS assessment on Andy's 2021 tax return should end:
A)May 1st, 2025.
B)April 15th, 2025.
C)May 1st, 2028.
D)April 15th, 2028.
E)None of the choices are correct.
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Under the Affordable Care Act, all U.S. citizens are required to have healthcare coverage. If Jane, is age 78, does she need to purchase insurance under the ACA
Under the Affordable Care Act, all U.S. citizens are required to have healthcare coverage.
Jane being 78 is eligible for Medicare, so she will not have to purchase insurance under the ACA
What is ACA and its objectives?The comprehensive health care reform bill passed in March 2010 is known as the Patient Protection and Affordable Care Act (often known as the Affordable Care Act or "ACA" for short).
Three main objectives of the legislation are:
Make more individuals eligible for affordable health insurance. For households earning between 100 percent and 400 percent of the federal poverty threshold, the bill offers subsidies to customers in the form of "premium tax credits" that reduce expenses (FPL).To include all people with incomes below 138 percent of the FPL, the Medicaid program should be expanded. Not all states have made Medicaid program expansions.Encourage cutting-edge medical care delivery strategies intended to reduce overall health care expenditures.Therefore, Jane is eligible for Medicare, so she will not have to purchase insurance under the ACA.
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The choice of producing the component internally or purchasing the component externally is known as the
The choice of producing the component internally or purchasing the component externally is known as the make or buy decision.
A manufacturing or purchasing decision is the act of choosing whether to manufacture the product in-house or from an external supplier.
Make-or-buy decision is the act of choosing whether to manufacture the product in-house or from an external supplier. Similar to outsourcing decisions, making or buying decisions require comparing the costs and benefits of producing in-house and buying elsewhere.
ABC Manufacturing Company has a contract to supply 6,000 units of MVP. This also requires his 6,000 units of MVP essential components. The estimated cost of manufacturing these 6,000 units of the required components is approximately $234,000.
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Morton’s steakhouse utilized a(n) ________ crm system to surprise a customer with a meal.
Morton’s steakhouse utilized a social CRM system to surprise a customer with a meal.
What do you mean by social CRM system?Here are some instances of Social CRM in use and some of its advantages: A firm or even a customer makes a fan page for your business or item. Fans are people who support your brand and the way you conduct business, and they provide a platform for marketing, networking, and communication.
With the aim of encouraging engagement in the business process, social CRM is a business strategy that comprises the expansion of marketing, sales, and customer support operations to incorporate the active participation of clients or visitors to an Internet channel.
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If the price in a competitive market falls and goes below the equilibrium price, then consumer surplus might increase, but producer surplus will definitely decrease.
If the price in a competitive market falls and goes below the equilibrium price, then consumer surplus might increase, but producer surplus will definitely decrease. The above statement is true.
What is equilibrium price?On a diagram, when two lines intersect, it usually means something. On a graph, the equilibrium is represented by the intersection of the supply and demand curves (S and D).The only price at which consumer and producer desires coincide is equilibrium, or when the quantity of the good that consumers want to buy (quantity demanded) equals the quantity that producers want to sell (quantity supplied).The equilibrium quantity is that amount that both parties seek equally. Any other price causes the market to be out of equilibrium since the amount requested does not match the quantity supplied.To know about equilibrium price with the given link https://brainly.com/question/14480835
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If merchandise sold on account is returned to the seller, the seller may inform the customer of the details by issuing a
The seller may inform the customer of the details by issuing a credit memo .
A credit note or credit memo is a commercial document issued by a seller to a buyer. A credit memo serves as the source document for the sales return journal. In other words, the credit is evidence of a decline in sales. A credit is a short form of term credit and is evidence of a reduction in the amount owed by the buyer to the seller on a previous invoice.
A document from the bank to the depositor may also indicate that the depositor's account balance is in a non-deposit event such as B. Collection of the depositor's exchange bill by the bank.
A credit memo lists the products, quantities, and agreed prices for products or services offered by the Seller to the Buyer but not returned or received by the Buyer. May be issued for damaged goods, errors, and repairs.
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A_____will warehouse products, pack and ship them, and send an automated email to customers to let them know that the product is on its way.
A company will warehouse products, pack and ship them, and send an automated email to customers to let them know that the product is on its way.
The corporation is co. Abbreviated as, a legal entity that is a group of people with a specific purpose, a mixture of nature, legal, or both. Members of the company have common goals and work together to achieve specific goals.
Industry is formed by a group of individuals to carry out and operate a commercial or industrial business. Companies may be organized in different ways for tax and financial liability purposes, depending on the company law of their jurisdiction.
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What requires anonymous pacs or ballot measures and independent spending campaigns to disclose their largest contributions?
California disclosure act requires anonymous pacs or ballot measures and independent spending campaigns to disclose their largest contributions.
The California Corporate Disclosure Act was an act written by California Assemblyman Kevin Shelley
It was signed into law by California Governor Jerry Brown. It became effective on 1 January 2003. At the time the law went into effect, all the corporations doing business in California were required to submit certain disclosure statements.
The California Disclosure Act changed the substance and timing to a great extent which was required to be filed with the California Secretary of State for all U.S. as well as foreign market. Corporations that are either incorporated in California or that do business in California are required to comply with the California disclosure act.
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Financial information is presented below: Operating Expenses $ 89400 Sales Returns and Allowances 26300 Sales Discounts 12700 Sales Revenue 309000 Cost of Goods Sold 157800 Gross profit would be
If the Cost of Goods Sold is 157800. Gross profit would be $151,200.
Gross profitUsing this formula
Gross profit=Sales revenue-Cost of goods sold
Where:
Sales revenue=$309,00
Cost of goods sold=$157,800
Let plug in the formula
Gross profit=$309,000-$157,800
Gross profit=$151,200
Therefore the Gross profit would be $151,200.
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The definition of states: The process of solving the everyday problems that occur. It is less formal than decision making and usually calls for quicker action.
Answer:
What is the question?
Explanation:
In your opinion, should frontier airlines focus on managerial accounting or financial accounting as it works to get its finances back on firm footing?
I would recommend Frontier Airlines to focus more on Managerial accounting as it works to get its finances back on firm footing.
Financial accounting only cares about generating a profit and not the overall system of the company. But, managerial accounting looks for bottleneck operations and examines various ways to enhance profits by eliminating bottleneck issues. So, Frontier Airlines should focus more on Managerial accounting.
Managerial accounting focuses on what it takes to keep a business operating profitably, it tracts and projects revenue and expense. The data collected and the results reported help managers choose what is best for them.
Hence, Frontier Airlines should focus more on Managerial accounting.
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Luwam is convinced that her product idea has great potential. She has decided to produce the product herself, but will use other companies who specialize in storing and transporting products to help her move the product from where it is manufactured to the final consumer. These specialists Luwam uses will be part of her:
Luwam is convinced that her product idea has great potential. She has decided to produce the product herself, but will use other companies who specialize in storing and transporting products to help her move the product from where it is manufactured to the final consumer. These specialists Luwam uses will be part of her: "channel of distribution".
What is channel of distribution?A product or service could travel down a distribution channel to reach the market. A corporation can sell to customers directly through a direct distribution channel, which is typically a website or physical store.
Some characteristics of channel of distribution are-
A distribution channel is a network of businesses or middlemen where the final consumer buys a product or service.Wholesalers, retailers, distributors, and the Internet are examples of distribution channels.The manufacturer sells directly to the customer through a direct distribution channel. Before the product reaches the customer, indirect routes use a number of middlemen.The product, promotion, and price are other components of a company's marketing plan, which also includes a distribution channel, usually referred to as placement.Therefore, the length of a distribution channel depends on how many middlemen are needed to distribute a good or service.
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Liam’s boss asked him to determine if their company is operating with too many borrowed funds. which ratio will liam utilize to help him with his decision?
The ratio that would help Liam to come with this decisions is what is called the leverage ratio.
What is the leverage ratio?This is the term that is used to refer to the financial measurement that is used to assess the ability of a company to get to its financial needs.
This ratio is used to check if the company is able to meet with its financial obligation or not.
It helps to measure the expenses mix of the company in such a way that they would be able to tell the changes in out put and how it affects the income that was used for operation.
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As parturition nears, the levels of progesterone ______ and the levels of estrogen ______.
a. decrease; increase.b. increase; decrease.c. decrease; decrease.d. increase; increase.
As parturition nears, the levels of progesterone decrease; and the levels of estrogen increase.
Progesterone helps regulate your cycle. But its main job is to prepare the uterus for pregnancy. After ovulation, progesterone thickens the lining of the uterus in preparation for a fertilized egg. . When there are no more fertilized eggs, progesterone levels drop and menstruation begins.
Progesterone is a hormone that stimulates and regulates vital functions, plays a role in maintaining pregnancy, prepares the body for conception, and regulates the monthly menstrual cycle.
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The management approach to the definition of segments for financial reporting expects a company to: I. Report disaggregated information on the same organizational basis as used by the company's internal decision makers. II. Report disaggregated information for at least ten segments.
The correct answer is: I. Report disaggregated information on the same organizational basis used by the company's internal decision makers.
What are segments in reports?They are the financial reports of all departments of an organization, which in publicly traded companies are legally required to be expressed in the financial statements, for greater reliability of information and security for stakeholders.
Therefore, segment reports are a way for a company to express its reliability in the market, in addition to being a tool to aid in decision making.
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Valley bank retains the cancelled checks of its customers. valley must be able to provide customers with legible copies of checks paid for?
A cancelled cheque is one in which two parallel lines are drawn across the layout which can be retained upon the demand of the customer from the bank or a copy of it by charging a minimal fee from the customer.
Some exceptions include reproduction of cheques or their retainment for five years including the cheque types maybe of $ 100 or less.
The moment cash is drawn , the bank immediately marks it as cancelled which means the payment has already been made using the cheque and cannot be further used again to withraw any additional amount using the same customer account.
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Which of the following has limited liability for its owners, but passes income through to its investors and avoids double taxation
The one that has limited liability for its owners, but passes income through to its investors and avoids double taxation is option C. S Corporation. Read below about S Corporation.
What is S Corporation?A variation on the standard corporation model is the S corporation. An S corporation passes its income through to its owners, so that the entity itself does not pay income taxes. The owners report the income on their tax returns, thereby avoiding the double taxation that arises in a regular C corporation.
Therefore, the correct answer is as given above
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The complete question goes thus:
Which of the following has limited liability for its owners, but passes income through to its investors and avoids double taxation
A. C Corporation
B. Partnership
C. S Corporation
D. Types of Business Entities
Interest is capitalized when incurred in connection with the construction of plant assets because_______.
Interest is capitalized when incurred in connection with the construction of plant assets because, during construction, the asset is not generating revenue
What is Interest?This refers to the amount or rate that is added to a principal amount and this is usually done when a loan is collected.
Hence, we can see that when plant assets are being constructed, interest is capitalized and the main reason why this happens is that the asset is not generating revenue.
Furthermore, actual interest is the only thing that should be capitalized and this is because, during construction, the asset is not generating revenue and therefore companies should defer (capitalize) interest cost.
Thus, Interest is capitalized when incurred in connection with the construction of plant assets because, during construction, the asset is not generating revenue.
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Volume-based rates are appropriate in situations where the incurrence of factory overhead?
Volume-based rates are appropriate in situations where the incurrence of factory overhead is related to a single, common cost driver.
A volume-based totally allocation is an allocation of manufacturing facility overhead fees based on a unit of pastime, in preference to a cost. Examples of such allocation bases are the number of rectangular pictures used, the wide variety of hard work hours used, the variety of gadget hours used, and the number of devices produced.
Volume-primarily based fee drivers assign costs via the run sports simplest. the alternative sports are not noted for costing purposes due to the fact that may not be associated with the quantity of output. Ordering charges are a terrific example.
Volume settlement manner is a settlement of carriage that provides for the carriage of a specific quantity of products in a chain of shipments in the course of an agreed period of time. The specification of the quantity may consist of a minimum, a maximum, or a certain variety.
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The selection of a proper site for a business facility is important in the production and operations management processes. Assume you are choosing a site for a small business you are starting (make sure to state the nature of your business), identify and discuss the three most important factors that influence the selection of your site.
The three most important factors that influence the selection of your site are;
Access to the necessary infrastructure.
2. The distance from your location to the closest port or train station.
3. The accessibility of the necessary Resources.
This is further explained below.
What is the business site?Generally, Websites and mobile apps owned, managed, or administered by or on behalf of the Company are referred to as "Business Sites" herein.
In conclusion, Access to the essential infrastructure, cost, and aesthetics are the three most significant aspects to consider when choosing a location for your business.
2. The distance that separates your position from the nearest railway station or port of entry.
3. The ease with which the required Resources may be accessed
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The relationship formed between the seller and the customer after they both assess trade-offs and swap value is called the: a.selling process b.sharing process c.exchange process
The relationship formed between the seller and the customer after they both assess trade-offs and swap value is called the b.sharing process.
Sharing is sharing resources or spaces. It is also a process of sharing and distribution. In a narrower sense, it refers to the communal or alternating use of finite commodities, such as communal pastures or communal apartments.
Knowledge sharing is the process of transferring implicit (undocumented) and explicit (documented) information from one person to another. In companies, sharing knowledge not only increases productivity but also enables employees to perform their jobs effectively and efficiently.
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The process of generating and choosing from a set of alternatives to solve a problem is called __________ Group of answer choices
The answer is decision-making.
Determining a decision, acquiring data, and weighing potential solutions are all steps in the decision-making process.
You can make more careful, intelligent decisions by organizing pertinent information and outlining alternatives by following a step-by-step decision-making process.
This strategy raises the likelihood that you'll select the one that will satisfy you the most.
Decision-making steps include:-
Look into the situation in depth.Establish a positive atmosphere.Create quality alternatives.Investigate your choices.Choose the ideal answer.Review your strategy.Inform others of your choice and follow through.Hence, The process of generating and choosing from a set of alternatives to solve a problem is called decision-making.
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A company currently has 500 items in inventory. The demand for the next 2 months is 900 and 1200 units. Assuming a level production rate of 1000 units per month, determine the ending inventory at the end of the second month.
The ending inventory at the end of the second period is 400 units
What is ending inventory?
Ending inventory means the quantity of stock left unsold at the end of a period.
It is determined as beginning inventory plus production units minus quantity sold or demanded.
Ending inventory first month=500+1000-900
Ending inventory first month=600
Ending inventory second month=600+1000-1200
Ending inventory second month=400
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Prior period adjustments to financial statements can result from: Multiple Choice Changes in estimates of salvage value. Material math errors. Discontinued operations. Changes in tax law. Changes in estimates of useful life.
The answer is material math error.
An adjusting entry is essentially a bookkeeping modification that improves the accuracy of the financial statements by reflecting the revenue and spending on an accrual basis, which is typically but not always the case. At the conclusion of the accounting period, adjustments are made. This might happen towards the end of the month or at the end of the year.
Prior period adjustments are errors or mistakes committed in the prior reporting period. These mistakes must be remedied or eliminated by taking suitable corrective action. Prior period items include factual errors, arithmetic errors, and errors in applying accounting rules.
Therefore, material math error is the correct option.
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The inventory valuation method that identifies the invoice cost of each item in ending inventory to determine the cost assigned to that inventory is the: Group of answer choices First-in, first-out method. Weighted average inventory method. Specific identification method. Last-in, first-out method. Cost accounting method.
it is the inventory valuation method that identifies the invoice cost of each item in ending inventory to determine the cost assigned to that inventory
What is First in first out method ?The first in, first out (FIFO) method of inventory valuation is a cost flow assumption that the first goods purchased are also the first goods sold.
In most companies, this assumption closely matches the actual flow of goods, and so is considered the most theoretically correct inventory valuation method.Imagine if a company purchased 100 items for $10 each, then later purchased 100 more items for $15 each. Then, the company sold 60 items. Under the FIFO method, the cost of goods sold for each of the 60 items is $10/unit because the first goods purchased are the first goods sold.Learn more about First in first out here:
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What office coordinates a variety of social, curricular, and special-interest clubs and organizations you can join?
Office of Student Activities coordinates a variety of social, curricular, and special-interest clubs and organizations you can join.
Divide the total number of grade points earned for the course by the total number of credit points required to prepare students for employment.
Associate of Applied Science (AAS) and Associate of Applied Arts (AAA) degrees are designed to prepare individuals to find employment or improve their employment status in career or technical positions. I'm doing it.
Students with 15 credit hours in special-interest clubs should therefore plan to study 30-45 hours each week outside the classroom. Web classes are calculated similarly. A 3-credit class requires an additional 2 hours of fieldwork for each credit. This equates to 5-9 hours of work per week in class.
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What should buyer insert into their purchase offer to make sure they would not have to go through the purchase if they cannot obtain the necessary financing
Option C. contingency is what buyer should insert into their purchase offer to make sure they would not have to go through the purchase if they cannot obtain the necessary financing.
What is financing?Finance, of financing, is the process of raising funds or capital for any kind of expenditure. It is the process of channeling various funds in the form of credit, loans, or invested capital to those economic entities that most need them or can put them to the most productive use.
Therefore, the correct answer is as given above
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The complete question goes thus:
What should buyer insert into their purchase offer to make sure they would not have to go through the purchase if they cannot obtain the necessary financing
A escape clause
B provision for liquidated damages
C contingency
D walkthrough agreement