Purchasing management is also called procurement. The procurement is the term which means to buy or purchase products and services for the selling purpose.
The purchasing management is the management in which the business buys the products in the bundle or stock quantity for the re-selling purpose or to make their business products as taking the raw material or intermediate goods or stocks.
The purchasing management is the management in which the small seller or shopkeeper become unite with the big organization or business to sell their products and give some profit at the end of the year.
The purchasing management is good for those seller who is not able to sell their products.
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FIFO, LIFO, and weighted average inventory costing methods are based on:assumptions that accountants make about the flow of inventory costs. the accounting equation (assets = liabilities + stockholders' equity). surveys taken that ask real companies how they value their inventories. the actual physical flow of goods purchased and sold by a business.
On the other hand, LIFO methods are predicated on cost flow assumptions. FIFO is an inventory valuation approach where the first purchased products are sold first.
The Last-In, First-Out (LIFO) approach is predicated on the idea that the most recent or most recent unit to enter inventory gets sold first. The oldest unit of inventory is supposed to be sold first according to the First-In, First-Out (FIFO) technique.
The cost of the earliest inventory items sold is added to determine FIFO. The price of the first 10 goods purchased as inventory is put together, for instance, if 10 units of inventory were sold. The cost of items sold is the same as this. The price of these ten goods may vary based on the valuation technique selected.
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What alternative policy might china pursue? what are the costs and benefits of this alternative policy to china?
An alternative policy that China might pursue is to shift towards a more market-oriented economic system and embrace economic liberalization reforms.
Costs: This alternative policy may initially lead to certain challenges and costs for China. It could result in the loss of some control over the economy, potentially leading to increased competition and market volatility. The transition process might also cause short-term disruptions and economic uncertainties. Additionally, certain industries and state-owned enterprises that are currently protected by government regulations and subsidies may face difficulties in adjusting to a more open market environment.
Benefits: Implementing market-oriented reforms can bring several long-term benefits to China. It can stimulate innovation, efficiency, and productivity by encouraging competition and private enterprise. Increased market openness can attract foreign direct investment, foster technological advancements, and facilitate the integration of Chinese companies into global supply chains. This could contribute to sustainable economic growth, job creation, and improved living standards for Chinese citizens. Moreover, a market-oriented approach may enhance China's international reputation, improve diplomatic relations, and strengthen its position in global trade and economic negotiations.
It is important to note that the costs and benefits of such an alternative policy are subject to various factors and assumptions. The specific implementation strategy and the ability of the Chinese government to manage the transition effectively would greatly impact the outcomes. Furthermore, the potential social and political implications of such reforms would need to be considered, as they could impact social stability and the distribution of wealth within China.
Overall, while there may be costs and challenges associated with a shift towards a market-oriented economic system, the potential long-term benefits in terms of economic growth, competitiveness, and international influence could make it a compelling alternative policy for China to consider.
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how does a shop owner add value to their business
Answer:
A shop owner adds value to their business by conducting all major monetary transactions for his company.
Explanation:
Answer:
Customer engagement.
Community.
Thank you cards.
Membership.
Convenience without a compromise.
Have a cause.
Explanation:
Type the correct answer in the box. Spell all words correctly.
Samantha is part of a project management team working on the initiation phase of a project. What is her team expected to do in this phase?
In the initiation phase, Samantha's team needs to clarify the project's _____
and justify it.
Answer:
Explanation:
Initiation phase is the first phase of a project management where the project is evaluated to know the purposes it has to be done , how it will be done and the resources needed to execute it.
At this stage , Samantha's team has to clarify and justify the project's purposes and feasibility in order to know why it has to be done and also how it will be completed and its purpose achieved.
I
In which book of original entry would you enter the following?
(a) Sales invoice
(b) Debit note-
(c) Cash sale-
(d) Purchase invoice-
(e) Credit note-
help
Heidi is attending an interview for the position of a childcare teacher. Which considerations should she keep in mind when she dresses for the interview?
Heidi should ensure that she wears business casual clothing because she may be asked to interact with the children. She should also ensure she is wearing a lot of jewelry to attract children. Heidi should ensure that her nails are short, because she might have to play with children. She should also ensure that her shoes are not clean, because she might get them dirty while playing with the children.
She needs to get her nails cut before the interview and should dress in business casual.
What qualifications do childcare teachers need?They use daily activities and lessons to educate toddlers and young children. Students in small groups will also receive additional support from a daycare teacher. A daycare teacher will also assist students who require more one-on-one time to learn lessons. In a daycare or preschool, a child care teacher works with younger kids. They have to watch over children and get them ready for kindergarten with a set schedule of play, rest, and activities. Taking care of their fundamental needs is one of these duties. Patience, sensitivity, and organisation are necessary traits. Usually, the work is done full-time.
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In which case would you be entitled to a tax refund?
There are several scenarios where you may be entitled to a tax refund.
One common example is if you overpaid your taxes throughout the year. This could happen if your employer withheld too much from your paychecks, or if you made estimated tax payments that ended up being more than what you actually owed. In this case, you would receive a refund for the excess amount.
Another scenario where you may receive a tax refund is if you have tax credits or deductions that reduce your tax liability below zero. For example, if you have children and qualify for the Child Tax Credit, you may be able to reduce your tax liability by up to $2,000 per child. If your tax liability is already at $0, the remaining credit amount would be refunded to you.
It's important to note that each individual's tax situation is unique, so it's best to consult with a tax professional to determine if you're eligible for a tax refund.
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The Natural rate of unemployment is: A. Structural unemployment rate plus frictional unemployment rate. B. The actual rate minus the cyclical rate C. A and B Leaning towards A
You plan to invest RM2000 a year in one of the Malaysian unit trusts for the next 20 years. You would like to know the effect of investing this money at the beginning of each year rather than waiting until the end of each year. Calculate the difference in the future value of your investment at the end of 20 years as an ordinary annuity versus an annuity due, assuming a 10 percent interest rate.
When investing RM2000 per year for 20 years in a Malaysian unit trust with a 10% interest rate, the future value of the investment differs between an ordinary annuity and an annuity due.
For an annuity due, where payments are made at the beginning of each period, the future value is calculated to be approximately RM154,429. On the other hand, for an ordinary annuity, where payments are made at the end of each period, the future value is estimated to be around RM173,012.
The difference between the two approaches is approximately RM18,584 (rounded to the nearest whole number). This indicates that opting for an annuity due would result in a lower future value compared to an ordinary annuity.
Overall, the choice between an ordinary annuity and an annuity due can significantly impact the future value of an investment.
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You have examined photographs of Hoovervilles in different states. What do they show about life in Hoovervilles all across the country?In one or two sentences, explain what the photographs say about how people adjusted to Hooverville life.
Hooverville residents did the best they could under difficult circumstances. Hooverville residents formed their own communities and learned to fend for themselves. Hooverville residents tried to make their towns and lives as normal as possible.
Life in the Hoovervilles became pretty tough and those tried their first-class to get via as they may.
Life in Hoovervilles usually shared certain characteristics which include.
A resident dwelling in unsanitary situations
citizens being pressured to beg or depend upon charity for food
Hoovervilles have been created in the course of the top notch depression as thousands and thousands of human beings misplaced their jobs and have become too terrible to have enough money right housing. As a end result, they created ghettos where they could live on temporarily.
Living in these ghettos become difficult due to the fact:
situations were unsanitary - the housing was now not constructed as much as the proper wellknown and sewage systems were missing. This caused very unsanitary conditions and caused disorder.
food became scarce - the ones living within the ghetto have been normally unemployed and could not come up with the money for meals so they needed to beg for it from other people in addition to approach charitable businesses.
life is the belongings that distinguishes count with and with out biological tactics, such as signaling and self-sustaining methods, and is described by way of its ability for boom, response to stimuli, metabolism, electricity conversion, and duplicate.
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Frank has a burrito. Frank gets enjoyment from how quickly he can eat his burrit The faster the better. But, the faster Frank eats his burrito the more sound he makes, which really annoys Bill. If Frank was free to do whatever he wants, without thinking about Bill, then Frank will A. too fast so that collectively Bill and Frank would be better off if he ate slower. B. eat his burrito too fast unless there is some sort of tax on his eating speed. C. eat his burrito at a speed where the additional benefit from eating faster equals zero. D. eat his burrito at a speed where his additional benefit is exactly offset by Bill's additional irritation at the sound.
B. Frank would eat his burrito too fast unless there is some sort of tax on his eating speed, which would incentivize him to eat slower and reduce the annoyance, Bill.
Frank would eat his burrito at a rate where his greater benefit is exactly offset by Bill's additional annoyance at the sound if he were allowed to act anyway he pleased without taking Bill into account. This would imply that Frank would choose a speed that is ideal for him personally, but not necessarily for Bill, by balancing his satisfaction of devouring his burrito rapidly with the aggravation caused by the noise he creates. Frank may alter his behavior to avoid paying the tax, though, if there were other forces at play, like a tax on eating quickly. Frank's ideal eating pace and the wellbeing of the two of them as a whole may not coincide in the end, emphasising the need of taking into account how one's actions may affect others.
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The manufacturing overhead account is debited when ______.
Production process involves different type of cost and expenses, manufacturing overhead account is one and it is debited when overhead applied is less than the actual overhead costs incurred.
What is manufacturing overhead cost?It is the sum of all the indirect costs that were spent while manufacturing a product.
The amount in the manufacturing overhead account can either be a debit or credit.
It is a debit when the overhead is less than the actual overhead costs that were spent.
Therefore, The manufacturing overhead account is debited when the overhead applied is less than the actual overhead costs incurred.
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A loan of $990 was repaid at the end of 6 months with a check for $1,010. What annual rate of interest was charged? The annual rate of interest was charged at %. (Round to two decimal places as needed
The annual rate of interest charged is approximately 4.04%.
To calculate the annual rate of interest charged, we can use the simple interest formula:
Interest = Principal x Rate x Time
Given that the loan amount (Principal) is $990, the repayment amount is $1,010, and the time is 6 months, we can calculate the interest as follows:
Interest = $1,010 - $990 = $20
Now, let's calculate the annual rate of interest using the formula:
Rate = (Interest / Principal) x (1 / Time) x 100
Rate = ($20 / $990) x (1 / (6/12)) x 100
Rate ≈ 4.04%
Therefore, the annual rate of interest charged is approximately 4.04%.
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Fashion Design - what are the 3 influences on fashion??
The three influences are social, economic, and technological.
Fashion design is the art of creating clothing and accessories that are aesthetically pleasing and functional. It takes into account the current trends and cultural influences as well as the tastes of the customer.
The three main influences on fashion are:
1. Social Influences: This refers to how fashion is shaped by the social and cultural values of the time. Trends can be influenced by events, celebrities, and even political movements.
2. Economic Influences: The economy has a significant impact on fashion trends. When the economy is strong, people are more likely to spend money on expensive, luxurious items. On the other hand, when the economy is weak, people may be more likely to buy budget-friendly items.
3. Technology Influences: Technology has greatly impacted the fashion industry. From the advancements in textiles to the ability to produce clothing quickly, technology has enabled fashion designers to create new and innovative styles. Technology has also allowed for recent trends to be quickly disseminated to a global audience.
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the economy begins at full employment and the cnsumers begin spending a smaller portion of their incomes this would lead to
If consumers begin spending a smaller portion of their incomes while the economy is at full employment, this would likely lead to a decrease in aggregate demand.
When consumers spend less, it directly affects the consumption component of aggregate demand, which is one of the key drivers of economic activity. A decrease in consumer spending can have ripple effects throughout the economy. The decrease in aggregate demand can lead to several potential outcomes: Reduced business revenues: With lower consumer spending, businesses may experience a decline in sales and revenues, which can affect their profitability and potentially lead to cost-cutting measures such as layoffs or reduced investment. Decreased production and employment: If businesses face reduced demand for their goods and services, they may scale back production, leading to lower employment levels. This can result in a rise in unemployment and reduced income for workers. Slowdown in economic growth: Reduced consumer spending can contribute to an overall slowdown in economic growth, as it affects multiple sectors and reduces the overall level of economic activity. Potential deflationary pressures: If the decrease in consumer spending persists and businesses struggle to sell their goods and services, it can lead to a decrease in prices (deflation) as companies may engage in price reductions to stimulate demand. Policymakers may respond to this situation by implementing measures to stimulate consumer spending, such as fiscal policies (tax cuts, increased government spending) or monetary policies (lowering interest rates) to boost aggregate demand and support economic activity.
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• Explain how this course has helped you with challenges.
• What actions have you taken during the past 5 weeks to work toward overcoming challenges? What are your plans moving forward?
• What resources (including University or otherwise) have you used to help overcome challenges?
This course has helped me with challenges by providing me with the tools and resources I need to overcome them. I have learned how to identify my challenges, develop strategies for overcoming them, and track my progress. I have also learned how to ask for help when I need it.
One of the challenges I have faced during this course is time management. I have learned how to set goals and create a schedule to help me stay on track. I have also learned how to prioritize my tasks and delegate when necessary.
Another challenge I have faced is learning new concepts. I have learned how to use different learning strategies, such as reading, watching videos, and practicing exercises. I have also learned how to ask for help from my professors and classmates.
Moving forward, I plan to continue using the tools and resources I have learned about in this course. I am confident that I can overcome any challenges that come my way.
The resources I have used to help me overcome challenges include:
The course materials, such as the readings, videos, and exercises.
My professors and classmates, who have been very helpful in providing guidance and support.
The university library, which has a wealth of resources on time management, learning, and other topics.
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This question seeks a reflection on how a particular course has been instrumental in overcoming challenges. With an example of a chemistry course, the use of university resources and personal study plans play a significant role. The particular course, individual and challenges in question will, however, determine the specifics of this process.
Explanation:This question pertains to a personal introspective reflection on how a specific course has aided in overcoming challenges. It's important to note that many resourceful options are available for overcoming difficulties like utilizing University resources or online platforms.
For example, If the subject were chemistry, one might use the course to improve knowledge of complex chemical reactions causing difficulty. Weekly study plans might be implemented to enhance understanding. University resources may include the textbook, office hours with the professor, or peer study groups. Future plans could include continued rigorous study and efficient utilization of available resources.
To note, the specifics will vary depending on the individual, course, and actual challenges faced.
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1. Buyers, sellers, and producers all have someone else they are competing with for economic benefits. This is known as:
O competition
O monopoly
O collusid
O cartels
Answer:monopoly
Explanation:
Q2: Pueblo Vida Brewing (PVB) company uses a reverse osmosis (RO) membrane system to condition the city of Tucson water because the quality of the taste of their beer is important to their clients and
a. Reject water quantity would be 0.8735 times the total water usage. b. The TDS content of the reject water is 390.16 ppm .c. $1.14 money throw away in their reject stream. d. treated and put to use for a variety of things
Pueblo Vida Brewing (PVB) company uses a reverse osmosis (RO) membrane system to condition the city of Tucson water for their beer production. They mix the RO water with fresh Tucson water to achieve the desired total dissolved solids (TDS) content for brewing. Given the TDS levels of the feed water, RO water, and desired brewing water, the following calculations can be made to determine the total water usage, reject water sent to the sewer, and the TDS content of the reject water.
a) To determine the total water usage and reject water quantity, we need to calculate the amount of RO water and fresh Tucson water used. Since they need 14 bbls of water per day, the total water usage would be 14 bbls. The reject water produced by the RO system is 87.35% of the feed water, so the reject water quantity would be 0.8735 times the total water usage.
b) The TDS content of the reject water can be calculated by multiplying the TDS level of the feed water (419 ppm) by the concentration factor (87.35) and dividing it by the sum of the concentration factor and 1 (87.35 + 1). This calculation yields a TDS content of the reject water of approximately 390.16 ppm.
Therefore, Pueblo Vida Brewing uses a total weight of 1636.9 kg of water per day, with 47475.75 kg of reject water sent to the sewer.
c) The daily volume of water rejected is 379.01 litres, or 0.37901 cubic metres. Water price per m3 is $3.00. Daily cost of rejected water is $3.00 multiplied by 0.37901 m3/day, or $1.14.
d) Rejected water may be treated and put to use for a variety of things. In the industrial, it can be utilised for cooling reasons. As an alternative, the business can sell it to other sectors of the economy that need water for their operations. The business may also utilise this water to irrigate grass or plants outside the building.
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The Complete question is
2) Pueblo Vida Brewing (PVB) company uses a reverse osmosis (RO) membrane system to condition the city of Tucson water because the quality of the taste of their beer is important to their clients and total dissolved solids (TDS) in the inlet water can have an impact on the flavor. The feed water to PVB from the city of Tucson has TDS about 419 ppm by mass. The RO unit produces water that has a TDS level of 53 ppm by concentrating the rejected TDS in a stream that is 87.35 of the feed water. To brew beer, they can actually have a TDS content of 150 according to Charlie Border, one of their brewers. Since they cannot run the RO unit at a lower level, they mix fresh Tucson water back into the RO water after it is produced. If they are making a brewing batch that requires 14 bbls of water/day:
a) How much total water do they use and how much reject water would they send to the sewer in a day, in kg/day?
b) What is the TDS content of the reject water, in ppm?
c) How much money do they throw away in their reject stream per day, if they were to dump the water?
d) What could they do with this water?
pls helppp
What is another name for an emergency fund?
A. 401(k)
B. Long tern debt
C. take home pay
D. a rainy day fund
Answer:
D. a rainy day fund
Explanation:
why do individual, business and nations make choices?
Answer: Since consumers' resources such as time, attention, and money are limited, they must choose how to best allocate them by making tradeoffs. ... When scarce resources are used (and just about everything is a scarce resource), people and firms are forced to make choices that have an opportunity cost
2 –Closing Entries (show your work)
Presented below is income statement information of the Schefter Corporation for the year ended December 31, 2022.
Sales revenue $492,000 Cost of goods sold 284,000
Salaries expense 80,000 Insurance expense 12,000
Interest revenue 6,000 Interest expense 4,000
Advertising expense 10,000 Income tax expense 30,000 Gain on sale of investments 8,000 Depreciation expense 20,000 Drawing 4,000
Closing entries are made to transfer temporary account balances to permanent accounts. In this way, the company's balance sheet reflects only the permanent balances. The process of closing the books is usually performed at the end of the fiscal year, so the accounts can start fresh with zero balances at the start of the new fiscal year.
For the closing entries of Schefter Corporation, the first step is to transfer the credit balances of the revenue account to the income summary account, as follows:
Sales revenue $492,000
Gain on sale of investments 8,000
Income Summary $500,000
The second step is to transfer the debit balances of the expense account to the income summary account, as follows:
Cost of goods sold 284,000
Salaries expense 80,000
Insurance expense 12,000
Interest expense 4,000
Advertising expense 10,000
Depreciation expense 20,000
Income tax expense 30,000
Income Summary $440,000
The third step is to transfer the balance of the income summary account to the retained earnings account, as follows:
Income Summary $60,000
Retained Earnings $60,000
The four steps for closing entries are:
Close the revenue account(s) by transferring the credit balance(s) to income summary.
Close the expense account(s) by transferring the debit balance(s) to income summary.
Close the income summary account by transferring the balance to the retained earnings account.
Close the dividends account by transferring the debit balance to the retained earnings account.
The final step is to transfer the balance of the dividends account to the retained earnings account, as follows:
Dividends 4,000
Retained Earnings 4,000
The closing entries for Schefter Corporation are complete.
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If a manufacturer is currently working to position its retail stores and determining how they will implement the four Ps, what are they doing
Which view is used to enter data into an Access table by default?
Datasheet
Grid
Design
Layout
The answer is Datasheet.
What is the datasheet view?A web datasheet view in an Access app displays online data arranged in rows and columns in a web browser. It can allow data edits or not, as you prefer. When you create a web datasheet view in Access, it opens in Design View, where you can set the record source.
Which view is used to display the data of the table?In relational databases, data is structured using various database objects like tables, stored procedures, views, clusters, etc. This article aims to walk you through 'SQL VIEW' – one of the widely-used database objects in SQL Server.
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an organization is considering the purchase of a human resource information system (hris). if the necessary hardware and software will cost $8,000, what can the operation expect the total systems implementation cost to be
$64,000 will be spent overall on the systems' implementation.
What are the HRIS's costs?According to the most recent statistics from Software Path, which looked at 587 customers for its 2022 study on HR software purchases and HRIS costs, the average cost of HRIS systems is about $12,625 (£9,306) for each user, or $210 per user per month (£154).
Which of the following best describes a human resource information system, abbreviated HRIS?The HRIS is a system used to gather and keep track of personnel data for a business. An HRIS typically includes the fundamental features required for complete human resources management (HRM). It is a system for hiring, performance management, training, and other things.
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what are the effect of enterprise/business on environment? write them
Answer:
Varies
Explanation:
They can go against natural resources.
The stock market represents small businesses. A. True B. False
I would say the answer is Falsr
Each time Eddie's Cars sells a vehicle, the company receives a larger discount from the manufacturer. At the end of the fiscal year, the company often slashes its prices by several hundred dollars per car because that amount will be more than offset by the increased discount the company receives from the manufacturer. The manufacturer is giving Eddie's Cars ______. Multiple choice question. a seasonal discount zone pricing a cumulative quantity discount a slotting allowance
Answer:
a cumulative quantity discount
Explanation:
The cumulative quantity discount is the discount that is depend on the value of the good purchased over a time period. The discount would be applied for any kind of shipments that made within the timeframe.
Just like if wholesaler make an offer that if the purchase is done more than $5,000 so 5% discount is applied
So according to the given situation, it represent the cumulative quantity discount
United States Geological Survey stream-gauging stations measure all but which of the following?
A. water depths
B. channel width
C. water velocity
D. amount of sediment being carried by the stream
E. All of these are correct.
United States Geological Survey (USGS) stream-gauging stations measure water depths, channel width, and water velocity, but they do not measure the amount of sediment being carried by the stream.
USGS stream-gauging stations are designed to collect a wide range of data on the characteristics and behavior of streams and rivers. This data is used to monitor water levels and flow rates, predict floods and droughts, and assess the health of aquatic ecosystems. To collect this data, stream-gauging stations typically use a combination of electronic sensors, physical measurements, and visual observations.
The three primary types of data collected by stream-gauging stations are water depth, channel width, and water velocity. Water depth is measured using pressure sensors or float devices that detect changes in water pressure or elevation. Channel width is typically measured using visual observations or with electronic distance-measuring devices. Water velocity is measured using either mechanical current meters or acoustic Doppler instruments.
While USGS stream-gauging stations collect a wide range of data on stream and river conditions, they do not typically measure the amount of sediment being carried by the stream. Sediment transport can be a key indicator of stream health and can also affect water quality, but measuring sediment transport can be difficult and costly, and requires specialized equipment and techniques.
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If 135 TV's are sold and cost $275 to produce and is priced at $250, what is the profit/loss?
Answer:
$25
Explanation:
The production cost is $275.
The selling price is $250
The loss/profit will be: Selling price minus cost price
=$250 - $275
= -$25
A loss of $25.
If this is the cost for all the 135 TVs, then the loss is only $25.
N:B
If the costs are for one TV, then the loss will be $25 x 135=$3,375
Ed was working on a custom-made workbench for a customer. The job, TB0414, was begun in November. At the end of November, the job cost sheet for TB0414 showed direct materials of $215, direct labor of 14 hours at $18 per hour, and overhead of 50% of direct labor cost. During December, Ed’s time ticket showed 15 hours on Job TB0414, 25 hours on Job TB0614, 10 hours of maintenance on the lathe, and 40 hours on a new job, DR1014. What is the total amount of overhead applied to TBO414?
Answer:
Allocated MOH= $261
Explanation:
Giving the following information:
Predetermined overhead rate= 50% of direct labor cost
To allocate overhead to Job TB0414, we need to use the following formula:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
First, we need to determine the total labor cost:
TB0414:
Direct labor hours= 14 + 15 = 29
Total direct labor cost= 29*18= $522
Now, the allocated overhead:
Allocated MOH= 522*0.5
Allocated MOH= $261