Becker Company developed the following data for the current year:
Beginning work in process inventory = 60,000
Direct materials used = 36,000
Actual overhead = 72,000
Overhead applied = 54,000
Cost of goods manufactured = 66,000
Total manufacturing costs = 180,000
Becker Company's direct labor cost for the year is
Answers
The direct labor cost for the year cannot be determined as it is not provided. Direct labor cost is the cost of the labor directly involved in the production of goods.
It includes wages, salaries, and benefits of the employees who directly work on manufacturing the products. In order to calculate the direct labor cost, we would need the specific information on the direct labor expenses incurred by Becker Company during the year.
The data provided includes information on beginning work in process inventory, direct materials used, actual overhead, overhead applied, cost of goods manufactured, and total manufacturing costs. These figures give insights into different aspects of the company's manufacturing process but do not provide the direct labor cost directly. To determine the direct labor cost, we would need additional information such as the number of direct labor hours worked and the direct labor rate per hour. Without this information, we cannot calculate the direct labor cost for the year based on the given data.
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Related Questions
what occurs overtime as a result of inflation? Check all that apply
Answers
Answer:
interest becomes worth less money
Explanation:
it basically lowers the values of something
What type of pricing strategy involves consumers making a judgment about a product and its
quality based on its price compared with a similar product?
O reference pricing strategy
Oprice lining strategy
O fair price strategy
O odd pricing strategy
Answers
Answer: reference pricing strategy
Explanation:
which of the following is true of emerging trends in the international market? multiple choice offshoring involves low-skilled manufacturing jobs with repeatable tasks. globalization is limited to a particular sector of the economy. u.s. managers in overseas locations typically have the necessary cultural understanding to attract and retain talented employees. in most emerging markets, companies are now facing an excess of talented employees. although companies may be attracted to offshoring because of potentially lower labor costs, reshoring is becoming more common.
Answers
Although companies may be attracted to offshoring because of potential lower labor costs, reshoring is becoming more common
What is international market?Any market that is not a company's domestic market—which is its home country—is considered an international market. The United States and Mexico are only two of the many foreign markets available to Canadian enterprises.A domestic market is one that is contained within a company's home country's borders, whereas an international market is any geographic area where a corporation conducts business that is outside of the country's territorial limits. The promotion of goods or services outside of your company's home market is known as international marketing. Consider it a form of global commerce. Brands are able to build a worldwide audience, raise their level of brand recognition, and, of course, expand into new markets.To learn more about international market refer to:
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Which of the following statement is false?
A. A distributed ledger contains many copies of the same ledger.
B. A distributed ledger stores the same set of transaction records.
C. Because a distributed ledger exists in a blockchain network, a computer consisting of all transaction records may crash and cause the syncing issue in the blockchain network.
D. A transaction record cannot be added to the blockchain unless there is network consensus.
Answers
write a story about what could happen if you purchase a home without a
financial plan in action. In other words, what could go wrong, what could
happen as a result, and how could it have been handled differently?
Answers
i'm not going to write the whole story but i'll give you a few details :)
- the person ends up buying a house that was falling apart, pipes breaking/leakage, roof falling apart, floorboards splitting.
- goes for a loan to fix the house but doesn't know the process of the loan and gets put into debt.
- tries to fix the house himself cheaply, it works for a week then it goes back to what it was. a lot more holes and breaks show up. hires someone to come fix the things that were breaking and gets put farther into debt and loses a lot of money.
- falls behind on his mortgage and eventually, the house gets repossessed (sorry if i spelt that wrong)
2 of
Select the cluster in which each pathway belongs
Pathways
Network
Systems
Accounting
Production
Transportation
Operations
Finance
o
O
Manufacturing
o
Information Technology
O
O
o
Transportation
Distribution, & Logistics
o
o
O
o
hp
Answers
Answer:
Explanation:
I took the test
The cluster in which each pathway belongs. The following columns are there. Finance - Accounting
What is accounting?The process of gathering, compiling, and reporting information on business and accounting transactions. also: this system's guidelines and practices. as a first-year student, I studied accounting: work done in accounting or by accountants.
Manufacturing - Production
Information Technology - Network Systems
Transportation Distribution, & Logistics - Transportation Operations
The clustering is the task of dividing the data point by the number of groups. The data point in the same groups is more similar, To other data points in the same groups.
Therefore, The cluster in which each pathway belongs is placed.
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To gain an advantage in a business deal, masonry llc engages in fraud. Nicole, a member of masonry, significantly contributes to the firm’s misconduct. For any resulting damages, a court is most likely to hold nicole.
Answers
Since to gain advantage in business deal, Masonry IIc engages in fraud, for any damages the courts is most likely to hold Nicole personally liable.
An arrangement involving two or more parties seeking to enter into a commercial arrangement is alluded to as a business deal. Whenever one party wishes to sell something—like a product or service—and the other desires to purchase it, a business contract is said to be of this type. Some business deals can be informal, particularly when they concern smaller firms or persons who've already previously worked closely. The negotiation procedure could take occur over just few emails or a lunch meeting, and it could end with a handshake instead of a written agreement. Even with casual business deals, it could be advantageous to put the terms in paper, such as through an email or simple contract.
Here, Nicole, though being part of contract as per business deal, is indulging in fraud activity could be held personally liable by the court.
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Which of these is an example of innovation?
Answers
Answer:
The innovations include technological inventions such as wind turbines, photovoltaic cells, concentrated solar power, geothermal energy, ocean wave power and many other emerging innovations.
Explanation:
FILL IN THE BLANK. ______ occur when the cash flow occurs after either the expense is incurred or the revenue is earned. (enter only one word.)
Answers
Accruals occur when the cash flow occurs after either the expense is incurred or the revenue is earned.
What is Accruals?
According to the accrual accounting system, revenue is recognized when it is earned and realizable, not necessarily when the money is actually received. Similar to revenue, expenses are also recorded in the same period as revenue rather than when the associated cash is paid.
For instance, if a business maintains a savings account with interest, the interest that has accrued but has not yet been paid would be shown as an accrual on the financial statements of the business.
There are many different forms of accruals, but the most belong to either income accruals or spending accruals.
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A marketer is keeping track of the revenue generated by his campaign. He wants to
see a specified return-on-investment for his monthly ad spend.
Which type of automated bidding strategy will meet his needs?
An awareness-based bidding strategy
A conversion-focused bidding strategy
A revenue-focused bidding strategy
A consideration-focused bidding strategy
Answers
Answer:
C). A revenue-focused bidding strategy.
Explanation:
As per the details given in the question, 'a revenue-focused bidding strategy' will most likely assist the marketer in upkeeping his needs as his key focus is to discern a particular return on his investment that he made for the monthly ad spend made by him. This automated strategy of bidding will allow him to keep track of the revenue and escalate the return. Thus, option C is the correct answer.
Juanita receives her paycheck and knows that her gross pay and federal tax are correct. Using the fact that Social Security tax is 6. 2% of gross pay, Medicare tax is 1. 45% of gross pay and state tax is 19% of federal tax, determine if Juanita's net pay is correct. Earnings Deductions Week Ended Regular FED. SOC. MED STATE WITH. WITH. CARE. WITH. NET PAY 11/17 $1,020. 00 $107. 00 $63. 24 $14. 79 $20. 33 $814. 64 Choose the true statement below. A. The net pay is correct. B. The Social Security tax is not correct. C. The Medicare tax is not correct. D. The state tax is not correct.
Answers
The correct statement is that the Net Pay of Juanita is correct. So, the correct option that matches the statement quoted above is A.
The computation of net pay is done by deduction of tax withholding from the gross pay available in the hands of the individual. Calculation is shown as below.
Computation of Net PayThe given information regarding the pay and withholding are as,
Gross pay is $1020.00Social Security Tax at 6.2 percent is $63.24.Medicare Tax at 1.45% is $14.79.Federal Tax is given as $107.00.State tax is given as $20.833.Net Pay is given as $814.64.After putting such values in the formula for computation, we can find that,
\(\rm Net\ Pay= Gross\ Pay - Tax\ Withholding\\\\\rm Net\ Pay= 1020.00- (63.24+14.79+20.33+107)\\\\\rm Net\ Pay= 1020-205.36\)
Further,
\(\rm Net\ Pay= \$814.64\)
The net pay computed is equal to the net pay given in the information above.
Hence, the correct option is A that the net pay of Juanita is correct.
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Direction: Design your own financial transaction worksheet and indicate the effect of each transaction below using the balance sheet equation. After each transaction is properly recorded, compute new subtotals for the Assets, Liabilities, and Owner’s Equity.
Studio Co
Nikkita Co, a veteran photographer, opened a studio for her professional practice on July 1 Transactions completed during the month follows:
July
1
-
Deposited P146, 200 in a bank account in the name of the business, Studio Co
2
-
Bought new photography equipment on account from Canon, Equipment, P71, 210
3
-
Invested personal photography equipment into business, P51,620.
7
-
Paid office rent for the month, P5,500
8
-
Bought photography supplies for cash, P7, 960.
15
-
Paid premium for insurance cover on photography equipment, P1, 240
16
-
Received P8,960 as professional fees for services rendered.
20
-
Paid salary of part-time assistant, P6,000
21
-
Received and paid bill for telephone service, P640
24
-
Paid Canon Equipment part of the amount owed on the purchase of photography equipment, P4,200
26
-
Received P15,480 as professional fees for service rendered
29
-
Paid for minor repairs to photography equipment, P760
31
-
Co withdrew cash for personal use, P9,600
Answers
Answer: What's going on.
What accounts are affected.
How are they affected
Does the balance sheet balance.
Does the analysis make sense
Explanation:
In the expectations-augmented Phillips curve, π = πe - 3(u - 0.05). The inflation rate is 0.08, expected inflation rate is 0.02. The natural unemployment rate is
a. 0.18.
b. 0.02.
c. 0.06.
d. 0.03.
Answers
The natural unemployment rate (u) is 0.03, which corresponds to option d. 0.03.
The natural unemployment rate can be determined by using the expectations-augmented Phillips curve equation. Given the inflation rate (π) as 0.08 and the expected inflation rate (πe) as 0.02, we can calculate the natural unemployment rate.
In the expectations-augmented Phillips curve equation, π represents the inflation rate, and πe represents the expected inflation rate. The equation is given as π = πe - 3(u - 0.05), where u represents the unemployment rate.
Given that π = 0.08 and πe = 0.02, we can substitute these values into the equation:
0.08 = 0.02 - 3(u - 0.05)
Simplifying the equation:
0.08 = 0.02 - 3u + 0.15
Moving the terms:
0.08 - 0.02 - 0.15 = -3u
-0.09 = -3u
Dividing by -3:
0.03 = u
Therefore, the natural unemployment rate (u) is 0.03, which corresponds to option d. 0.03.
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ok so plz do not take these points.
if ur reading this plz listen to ghost by badflower and then answer and tell me what u think and if u have also recently felt like that.
Answers
Answer:
its a good song i think its touching and yes i have recently felt like that.
Explanation:
The journal entry to record issuing both direct and indirect materials into production debits ______.
Answers
The journal entry to record issuing both direct and indirect materials into production debits is the Work in process and Manufacturing overhead.
What is the Work in process and Manufacturing overhead?This term manufacturing overhead is the term that is used to refer to the indirect costs that are associated with the manufacturing of the particular product for the market it is needed. They are known to be added to the direct labor and materials manufacturing cost.
Hence The journal entry to record issuing both direct and indirect materials into production debits is the Work in process and Manufacturing overhead.
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a general rule for managers to follow is to set the firm's capital structure such that:
a.UEFI. b. ACPI. c. CMOS. d. USMT.
Answers
A general rule for managers to follow is to set the firm's capital structure such that it maximizes the value of the company.
This involves finding the optimal balance between debt and equity financing, considering factors such as the cost of capital, tax implications, and risk. The goal is to minimize the cost of capital while maximizing shareholder value.
This can be achieved through various financial analysis techniques, such as calculating the weighted average cost of capital (WACC) and determining the optimal debt-to-equity ratio. Ultimately, the capital structure decision should align with the company's overall strategy and goals.
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Connie thinks that her salary and tax rate for next year will be lower than for this year. What step should she take to minimize her taxes in the current year? Select one: a. Accelerate receipt of income. b. Delay deductions. c. Practice tax evasion. d. Accelerate deductions. e. None of these will allow her to minimize her taxes.
Answers
Answer:
d. Accelerate deductions
Explanation:
Tax acceleration is a way that a taxpayer is able to hasten tax deduction.
Taxi is paid in the year that it was incurred instead of in the subsequent year.
This way tax expense that will be paid from the current year is reduced and tax income will increase.
In the given scenario where Connie thinks that her salary and tax rate for next year will be lower than for this year, the best way to minimise her tax expense starting this year is by tax acceleration
aco ltd mined diamonds at a cost of fc 1,000,000 and sold them to beako for fc 2,500,000. beako distributed the diamonds to its customers and received fc 4,000,000. if the national vat is 20%, how much tax did beako pay on purchase from aco ltd.
Answers
Beako paid FC 250,000 in tax on the purchase from Aco Ltd.
The value-added tax (VAT) is calculated based on the selling price at each stage of the supply chain. Aco Ltd sold the diamonds to Beako for FC 2,500,000. To find the VAT amount, we need to calculate 20% of this selling price.
VAT = 20% x FC 2,500,000 = FC 500,000
Therefore, Beako paid FC 500,000 as VAT on their purchase from Aco Ltd. The VAT paid by Beako represents the tax liability associated with the purchase transaction.
When Beako purchased the diamonds from Aco Ltd, the VAT was levied on the transaction based on the national VAT rate of 20%. The selling price of FC 2,500,000 incurred a VAT amount of FC 500,000. This means that Beako paid FC 500,000 as tax on their purchase.
It's important to note that VAT is a consumption tax imposed on the value added at each stage of production or distribution. In this case, Aco Ltd mined the diamonds and sold them to Beako, who then distributed them to customers. The VAT is collected and remitted by Beako to the tax authority, reflecting the tax liability associated with the purchase transaction from Aco Ltd.
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Prior to the advent of the internet, which media grew faster than any other advertising medium in history?
Answers
Answer:
Social media is the fastest growing trend in the history of the world. This sector
has grown faster than the Internet itself. Within the first ten years of being publicly
available, the Internet managed to gather roughly 1 billion users.
The drawee is the
Question 4 options:
person who writes the check.
person who reconciles the account.
bank with which the drawer has an account.
person to whom the check is payable.
Answers
Answer:
C
Explanation:
The drawee is the bank with which the drawer has an account.
Search engines generate revenue through pay-per-click (each time a user clicks a link to a retailer’s website); pay-per-call (each time a user clicks a link that takes the user to an online agent waiting for a call); or pay-per-conversion (each time a website visitor is converted to a customer)
Answers
Answer:
pay-per-click (each time a user clicks a link to a retailer’s website).
Explanation:
Pay-per-click is the cost stipulated by online survey platforms for each click on a sponsored ad.
Popularized by Google AdWords, this is one of the most used metrics for digital marketing, mainly because of the ease of having measurable digital advertising efforts.
The great advantages of this metric is the possibility of measuring and monitoring the number of users who will click on your link, making it more effective to analyze the impact that your business media has on people.
Classify each of the following quality-related costs as prevention costs, appraisal costs, internal failure costs, or external failure costs. Exemal failure cost External fanure cost Prevention cost Internal failure cost Intemalaiture cost. 1 Warranty repairs. 2. Legal fees from customer lawsuits. 3.Training employees. 4 Cost incurred producing and disposing of defective units. 5 Lost productivity due to machine breakdown. 6. Inspecting products that are halfway through the production process. 7. Inspecting incoming raw materials. 8.Repairing defective units found during inspection. 9.Incremental cost of using a higher grade raw material. 10. Redesigning the production process
Answers
The Prevention Cost, the Appraisal Cost, the Internal Failure Cost, and the External Failure Cost are the four subcategories that make up the Cost of Quality.
What are the four costs of example and quality?Inspection, testing, process or service audits, and calibration of measuring and test equipment are examples of four types of cost of quality.
How much do high-quality PDFs cost?Any costs incurred by an organization as a result of either poor quality or efforts to ensure good quality are referred to as the cost of quality (COQ). In particular, COQ is the sum of four categories that have been agreed upon: evaluation, prevention, failure from the outside, and failure from within.
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Scott, Mark, and Joe want to buy into a restaurant franchise. Joe is an accountant. Mark has previous restaurant experience as a server and manager. Scott is an attorney. In order to open this franchise, they must commit to opening 3-5 stores and are required to have $10 million in liquid assets (Cash is a highly liquid asset followed by the banking accounts, checkable account, short-term promissory notes, treasury bills and other government bonds. ) They currently do not have the required liquid assets. Which business organization will be the best for this situation and how will they solve their money problems?
Answers
Given their diverse backgrounds and lack of sufficient liquid assets, a limited liability partnership (LLP) would be the most suitable business organization for Scott, Mark, and Joe.
This type of partnership allows for individual liability protection while still allowing for shared profits and management responsibilities. To address their money problem, the group can explore various options. One option would be to seek out investors who are willing to contribute the necessary funds in exchange for a percentage of ownership and profits.
Another option would be to secure a loan from a financial institution or private lender. In order to increase their chances of approval, they can develop a comprehensive business plan that outlines their strategies for success and projected financial performance.
Additionally, Scott, Mark, and Joe could also consider alternative means of financing such as crowdfunding or seeking out grants or subsidies from government agencies or non-profit organizations. It may also be beneficial for them to seek guidance and advice from a financial advisor or business consultant to help them make informed decisions and develop a strong financial plan for their franchise venture.
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How does the Better Business Bureau effect the economy?
Answers
Answer:
Varies
Explanation:
It helps people find businesses that are trustworthy.
Record the following transactions of Sumanto, Kochi in Two-column Cash Book and balance the book on 31st January, 2018: 2018 Jan1. Cash balance Rs.1,000, Jan1. Bank balance Rs.14,500 Jan1. Cash received from sale of shares* Rs.60,000 Jan2. Paid into bank Rs.50,000 Jan3. Purchased goods from M/s.Agarwal and Co. Rs.13,000 Jan4. Paid wages Rs. 2,500. Jan5. Received from Mohan a cheque for Rs.9,800 against due of Rs.10,000 in full settlement of his account. Jan8. Mohan’s cheque deposited into bank Jan14. Paid for stationery Rs. 500. Jan18. Bought goods Rs.6,720 Jan19. Paid Shyam by cheque Rs.3,700. Discount received from him Rs.300. Jan20. Drew from Bank Rs.3,000 Jan22. Cash drawn from Bank for personal use Rs.2,000. Jan24. Cash Sales,Rs. 1,900. Jan27. Received from Sharma Rs.18,000. Discount allowed Rs.500. Jan28. Deposited cash into Bank Rs.15,000. Jan28. Gave cheque for cash purchases Rs.2,240 Jan30. Paid rent by cheque each Rs.2,000
Answers
Answer:
Sumanto, Kochi
Two-Column Cash Book
Date Description Cash Bank Dis. Date Description Cash Bank Dis.
All'd Rec'd
Jan. 1 Balance 1,000 14,500 Jan. 2 Bank 50,000
Jan. 1 Shares 60,000 Jan.14 Stationery 500
Jan. 2 Cash 50,000 Jan.18 Purchase 6,720
Jan. 8 Mohan 9,800 200 Jan.19 Shyam 3,700 300
Jan.20 Bank 3,000 Jan.20 Cash 3,000
Jan.24 Sales 1,900 Jan.22 Drawings 2,000
Jan.27 Sharma 18,000 500 Jan.28 Bank 15,000
Jan.28 Cash 15,000 Jan.28 Purchases 2,240
Jan.30 Rent 2,000
Jan.30 Balance 11,680 76,360
83,900 89,300 700 83,900 89,300 300
Feb. 1 Balance 11,680 76,360
Explanation:
Sumanto, Kochi's two-column Cash Bank shows two columns for cash and bank on the debit and credit sides and also the discount allowed and discount received on the debit and credit sides respectively.
Which of the following is true about aptitudes?
aptitudes are inborn
aptitudes are learned
aptitudes can be categorized in mental, emotional, and physical groups
aptitudes are often revealed as you experience new things
Answers
Answer:
aptitudes are inborn
Explanation:
An Aptitude is an inborn ability to perform certain types of tasks. It is the natural talent that makes one good in a particular type of activity. Aptitude can be physical or mental.
Aptitude is the natural or inherent ability to do well in a certain field. It means that one can be very good in that field if given an opportunity to learn and develop. Aptitude tests help one find their strengths and develop a carrier based on their strong points.
Answer:
- aptitudes are often revealed as you experience new things - aptitudes are inborn - aptitudes can be categorized in mental, emotional, and physical groups.
Explanation:
did the test on edg and got it correct
Henry wrote 24 checks in April. The bank charges $0.15 a check.
The monthly service charge for the checking account is $5. What
is the total of the fees Henry pays in April on his checking
account?
Answers
Answer: $8.60
Explanation:
Since Henry wrote 24 checks in April and the bank charges $0.15 a check, the amount paid on the check will be:
= 24 × $0.15
= $3.60
Furthermore, since the monthly service charge for the checking account is $5, the total of the fees Henry pays in April on his checking account will be:
= $5 + $3.60
= $8.60
Therefore, the total amount that Henry will pay will be $8.60.
The most basic form of ownership in a firm consists of:
Answers
A simple index of three stocks have opening values on day 1 and
day 8 as shown in the table below.
What is the rate of change of this simple index over one week?
Round your answer to the nearest tenth.
A. 2.0%
B. 1.2%
C. -1.2%
D. -2.0%
Answers
The rate of change of this simple index over one week is option D. -2.0% (to the nearest tenth)
How did we get the value?To calculate the rate of change of the simple index over one week, calculate the value of the index on day 1 and day 8.
On day 1, the value of the index is:
(4000*$3.15 + 5000*$4.30 + 6000*$4.60) / (4000 + 5000 + 6000) = $4.19
On day 8, the value of the index is:
(4000*$3.50 + 5000*$3.90 + 6000*$4.50) / (4000 + 5000 + 6000) = $4.11
The rate of change of the simple index over one week is:
($4.11 - $4.19) / $4.19 * 100% = -1.9% ≈ -2.0% (rounded to the nearest tenth)
Therefore, the answer is D. -2.0%.
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Discuss reasons why a business might choose to sell direct to customers through a website with e-commerce facilities, as opposed to through fixed (physical ‘bricks and mortar') premises.
Answers
Answer:
Businesses might prefer selling direct to customers through a website with e-commerce facilities because:
1. For covering a wider distance, distance is not a barrier.
2. For flexibility for customers, as some e-commerce even accepts cryptocurrency payments.
3. For product and price comparison.
4. For saving cost incurred from having fixed (physical ‘bricks and mortar') premises.
5. For saving the cost of paying workers.
6. For maintaining social distancing protocol given by the government especially during the pandemic. This doesn't put anyone at risk.
Explanation:
The question above asks for justifications why a business might choose to sell direct to customers through a website with e-commerce facilities rather than selling to customers through fixed (physical ‘bricks and mortar') premises.
First, selling to customers through a website with e-commerce facilities involve virtual transactions with customers paying for goods and services they are interested in over the internet. With this, customers can pay with their bank cards through e-commerce websites. While selling through fixed (physical ‘bricks and mortar') premises involve direct contact in-person with the customer and possibly payment is made in cash or through any other accepted methods.