QUESTION 1. Journal EntriesâPerpetual InventoryJoan Ziemba owns a small variety store. The following transactions took place during March of the current year.Mar. 3Purchased merchandise on account from City Galleria, $2,910.7Paid freight charge on merchandise purchased $215.13Sold merchandise on account to Amber Specialties, $3,560. The cost of the merchandise was $2,340.18Received a credit memo from City […]
QUESTION Recording, Inc. produces memory enhancement kits for DVR machines. Sales have been very erratic, with some months showing a loss. The company’s contribution format income statement for the most recent month is given below: Sales (13,500 units at $20 per unit) $270,000 Variable expenses 189,000 Contribution margin (CM) 81,000Fixed expenses 90,000Net operating loss $ […]
QUESTION Paul Nasipak owns a business called Diamond Distributors. The following transactions took place during January of the current year.Jan. 5Purchased merchandise on account from Prestigious Jewelers, $3,200.8Paid freight charge on merchandise purchased, $330.12Sold merchandise on account to Diamonds Unlimited, $4,100.15Received a credit memo from Prestigious Jewelers for merchandise returned, $670.22Issued a credit memo to […]
QUESTION Ferreira Company has established the following cost pools for 2015. COMMITTEDCOST POOLS COSTS COST DRIVERS LEVEL Maintenance $ 20,000 Machine hours 10,000Materials handling 25,000 Number of moves 250Machine setup 30,000 Setup hours 1,000Inspection 25,000 Number of inspections 500Total $100,000 The following information pertains to two representative jobs completed during January 2015. ITEM J101 J102 […]
QUESTION Glamour Galore Manufacturing has two workstations, cutting and finishing. The cutting station is limited by the speed of operating the cutting machine. Finishing is limited by the speed of the workers. Finishing normally waits for work from cutting. Each department works an eight-hour day. If cutting begins work two hours earlier than finishing each […]
QUESTION Under perfect competition, where in the long run firms earn zero economic profit, do sellers have a preference of earning zero economic profit with their product being sold at a higher price or a lower price? ANSWER: REQUEST HELP FROM A TUTOR
QUESTION Suds & Cuts is a local pet grooming shop owned by Collin Bark. Collin has prepared the following standard cost card for each dog bath given:Standard QuantityStandardRateStandardUnit Cost Shampoo2 oz.$0.10per oz.$0.20 Water20 gal.$0.05per gal.1.00 Direct labor0.75 hr.$9.00per hr.6.75 During the month of July, Collinâs employees gave 360 baths. The actual results were 725 ounces […]
QUESTION Assgnmt 3.pdfEach identical consumer has the following demand for golf, q = 100-p, where q is the number of rounds of golf played per year and p is the price per round. The only golf course in an isolated town incurs a marginal cost of $10 per round of golf, which is equal to […]
QUESTION E9-13 Determining Actual Costs, Standard Costs, and Variances [LO 9-3, 9-4]Amber Company produces iron table and chair sets. During October, Amberâs costs were as follows: Actual purchase price$ 2.30 per lb. Actual direct labor rate$ 7.50 per hour Standard purchase price$ 2.10 per lb. Standard quantity for sets produced970,000 lbs. Standard direct labor hours […]
QUESTION A 100 words for each question please along with references.1. How can servant leadership impact followersâ attitudes and behaviors in organizations?2. Direndonck and Rook, in chapter 13 of the textbook, argue that servant leadership is related to creativity. They discuss eight dimensions that could affect this relationship. Which do you think your organization can […]
