complete the following table to determine what are the total costs to account for if a company's beginning inventory had $231,432 in materials, $186,450 in conversion costs, and added direct material costs ($4,231,392), direct labor ($2,313,392), and manufacturing overhead ($1,156,696)? PLEASE NOTE: All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). If no dollar amount is needed for that space, please enter "$0" with no quotation marks. Material Costs Conversion Costs Total Costs Beginning work in process 4 Added: Direct materials Direct labor Manufacturing overhead Total Costs
Q: Employee development is preparation for the employee for the future of new job, new responsibility…
A: Employees are assets which along with physical and financial assets helps businesses to achieve…
Q: Analyze the existence of a business without the use of an information system or technology.
A: Business can exist without the use of information systems or technology. This might seem like an…
Q: Managing involves managing the ‘hard stuff’ such as production and marketing of products and…
A: Dear student as per our guidelines we can answer only first 3 sub parts in case of multiple subparts…
Q: You are the owner/operator of a small business. How will you ensure that ethical business practices…
A: Ethics is the social responsiveness of an organization. Ethics deals with what is right and wrong…
Q: Question 1 Discuss any two (2) compensation components, and any two (2) benefits components that…
A: Disclaimer- "Since you have asked multiple questions, we will solve the first question for you. If…
Q: Stereotypes can negatively impact on our interactions with others, but these can also disadvantage…
A: The term stereotyping refers to the preconceived notion or assumption about a person or group of…
Q: In a situation where an organization has more objectives to achieve, describe the best way to…
A: Objectives are the endpoints that every organization aims to achieve. They are important for the…
Q: Discuss how and why a conventional risk management framework might be flawed. What risk strategies…
A: When considering the business operations risk management is considered to be the most important…
Q: On the Internet, identify a global organization.Explain the strategies they use to operate globally.…
A: Strategic management is the process of planning, organizing, monitoring, analyzing, and controlling…
Q: Identify the key stages in parenthood and compare them with the ageing structure in firms. Why are…
A: Here the questions are related to organization and and deep thought about old employees .…
Q: Managing involves managing the ‘hard stuff’ such as production and marketing of products and…
A: The people-centred approach is one of the important approaches that help in maintaining the balance…
Q: a. identify 2 opportunities to improve todays Performance Management processes. b. why is it…
A: Employees and management work together to plan, monitor and analyze employee objectives, long-term…
Q: Identify the six major components of a physicaldistribution system.
A: Significance of physical distribution system: 1.Aids in Price Stabilization: Physical distribution…
Q: Discuss any three functions involved in the success of the general business operations, provide an…
A: Businesses & organizations deliver professional goods & services to buyers or commercial…
Q: encompasses the planning and management of all activities involved in sourcir and procurement,…
A: International business directs the trade-off of products, services, technology, funds, &…
Q: Which of the following is NOT the rationale for mandatory retirement? Mandatory retirement can open…
A: Mandatory retirement also understood as forced retirement, & enforced retirement, or compulsory…
Q: The greatest good for the greatest number of persons is known as the approach. Money Heist is…
A: Dear student as per our guidelines we can answer only 1 question in case of multiple questions…
Q: Food production facilities like the three Graeter’s factories must comply with strict regulations to…
A: While many businesses talk about their dedication to product quality, the Graeter family is obsessed…
Q: Fill in the blanks in the following sentence. In the framework of efficient labour contracts,…
A: The company is a player in the capitalist economy and a phase in which relations among the company’s…
Q: What is the importance of documenting strategic plans, and give examples of ways how human resources…
A: Strategic plan is a list of strategic goals with an action plan to achieve each goal.t
Q: Discuss how channel members interact and how they organize to perform the work of the channel.
A: Channel Member- The channel member is one business in a business network that assist a producer…
Q: Robert Downeyy Jr works for the fleet management division of a major grocery chain. He is…
A: Fleet management relates to the entire actions that take occur to keep a fleet operating…
Q: . Do you consider the skills and knowledge as qualification in hiring manpower to a business? Why?
A: Concept Of Recruitment - Recruitment, is a kind of concept, which is defined or pointed out as a…
Q: 3 smart goals that start with I statements and are specific measurable attainable and timely…
A: SMART Goals means those goals which are specific and measurable along with achievable , realistic…
Q: Increasing and enhancing client loyalty and retention is a fundamental corporate goal. Do you have…
A: Client Or Customer is the god of an Organization. Good relation between clients and organization…
Q: his is a Managerial communication course, I need tutors to assist me with thorough explanatory…
A: The significance of intercultural communication in the work environment can't, and ought not be…
Q: The chapter says strategy formulation focuses on effectiveness, whereas strategy implementation…
A: Business strategies help organizations increase their productivity and achieve their goals and…
Q: Managing and measuring employee engagement is important in achieving a competitive advantage. If…
A: Employee engagement has become an important and common topic nowadays. Organizations are taking…
Q: There are a lot of reasons why it is important to have a strong business case when you move from an…
A: Enterprise resource planning or called (ERP) directs to a kind of software that associations use to…
Q: Give an analysis of the ideal distributed workforce structure of the future.
A: Every distributed team is different, but they all have one thing in common: they are the workplace…
Q: Pauline Cooper is a registered dietitian and the foodservice director at Memorial Hospital.…
A: MARKETING: Marketing is the process of conducting market research, promoting the sales of the final…
Q: 13. What is the term given to the groups, individuals, and organizations that are directly affected…
A: Please note: as per Bartleby guidelines an expert is required to answer only one question in case…
Q: What is the importance of documenting strategic HR plans? Please explain and provide the different…
A: Human resource management is the practice of effective supervision of employees who are part of…
Q: List the approaches that have been used to limit the degree of an auditor’s liability in Australia,…
A: For professional default, auditors are currently exposed to infinite responsibility. Since the…
Q: Explain why organizational structure is so important in strategy implementation.
A: Organisational structure means the structure that provides the directions how the organisational…
Q: If a product fails at the start of product life due to manufacturing or material defects, then it…
A: The prduct life cycle has fours stages i.e. introduction, growth, maturity, decline. Every product…
Q: Question Two Managing by objectives (MBO) is considered as a modern management approach…
A: Management by Objectives (MBO) is an essential administration model that means to work on the…
Q: Directions: Identify the following numbered statements below. Write TL if it is for the Top-level…
A: Levels of Management’ shows the organized managerial positions in an association. The no. of levels…
Q: Q1. What would it be like to work at Patagonia? What is your assessment of the company’s work…
A: Employee motivation is the positive energy that an employee gets when he is motivated or encouraged…
Q: Are there any key considerations and components to include in the IRP development process?
A: IRP also known as integrated resources planning is a process in which planners work together along…
Q: Analyze the current and future situation with respect to the organization’s target market using the…
A: The 5W's stand for the acronym 'Who, What, Where, When, and Why'. Also, some of the authors have…
Q: Explain the four dimensions of Self in terms of your attitudes and behaviors leading to their…
A: Value Management- An underlying concept implemented within present management systems and approaches…
Q: How company improve and maintain the customer relationships of this company. *Interacts with the…
A: Customer Relationship with Company: Customer is the god and priority for Business. It is important…
Q: What are the benefits of Team building in an organization ?
A: Concept Introduction Team Building refers to the process of collaborating the employees together for…
Q: 1. Develop a 5-month moving average for the below given. What will be the forecast month 15? Compute…
A: Moving Average is an important method to forecast the estimation, based on historical data, in…
Q: What are examples of ways that motivation theory can be used in interactions between…
A: Employees are the main resource of any organization. Managing the workforce will be a difficult task…
Q: Management motivation for adopting either !SO 9000 or TQM can vary widely. Describe 5 (FIVE) main…
A: ISO 9000 is a tool used for the management of the quality standards in the organisation .ISO 9000…
Q: What is competency in human resource management and list the types of competency that are required…
A: Concept Introduction: In Human Resource Management Competency is an integration of job-related…
Q: important differences between economies of scale and learning effects
A: Scale economies and learning effects are sometimes confused. While they are both related to the…
Q: 3. Can we consider education as essential elements of culture ? Defend your answer.
A: Kindly note: as per Bartleyby guidelines, an expert is required to answer only one question in case…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Mary Jones and Jack Smart have joined forces to start M&J Food Products, a processor of packaged shredded lettuce for institutional use. Jack has years of food processing experience, and Mary has extensive commercial food preparation experience. The process will consist of opening crates of lettuce and then sorting, washing, slicing, preserving, and finally packaging the prepared lettuce. Together, with help from vendors, they think they can adequately estimate demand, fixed costs, revenues, and variable cost per 5-pound bag of lettuce. They think a largely manual process will have monthly fixed cost of $50,000 and a variable cost of $2.50 per bag. They expect to sell 75,000 bags of lettuce per month. They expect to sell the shredded lettuce for $3.25 per 5-pound bag. Jack and Mary has been contacted by a vendor to consider a more mechanized process. This new process will have monthly fixed cost of $125,000 per month with a variable cost of $1.75 per bag. Based on the above…If Exxon uses FIFO for its inventory valuation, calculate the cost of ending inventory and cost of goods sold if ending inventory is 110 barrels of crude oil. Beginning inventory and purchases Barrels Barrel cost Total cost Beginning inventory: Jan 1 129 $ 96 $ 12,384 March 1 54 102 5,508 June 1 69 99 6,831 September 1 79 91 7,189 December 1 54 104 5,616 385 $ 37,528 Cost of ending inventory Cost of goods soldThe following is an excerpt from a business plan: "To open our new upscale toy store, We R Toys, we require a total of $225,000. The owners will be providing $100,000 of this amount from their own savings, and their friends and families have promised an additional $25,000. Therefore, We R Toys requires a bank loan of $100,000." In which section of We R Toys' business plan would this information be found? O Executive Summary O Sales Strategies Market Analysis O Financial Projections O Funding Requirements
- A Loan Estimate must be providad to consumer no later than how many business days after w loan application submission? A) 1 business day B) 3 business days C) 7 business days D) 10 business daysKamal Fatehl production manager of Kennesaw Manufacturing, finds his profit at $22,400 (as shown in the statement below) inadequate for expanding his business. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. Kamal would like to improve profit line to $32,400 so he can obtain the bank's approval for the loan. % of sales Sales 280,000 100% Cost of supply chain purchases 201,600 72% Other production costs 28,000 10% Fixed costs 28,000 10% Profit 22,400 8% Part 2 a) What percentage…As an operations management consultant, you have been asked to evaluate a furniture manufacturer’s cash to cash conversion cycle under the following assumptions: sales of $23.5 million, cost of goods sold of $20.8 million, 50 operating weeks a year, total average on hand inventory of $2,150,000, accounts receivable equal to $2,455,000, and accounts payable of $3,695,000. What do you conclude? What recommendations can you make to improve performance? What would be the impact of reducing the accounts payable from $3,695,000to $2,000,000 and all other data remained the same? Please show in detail these impacts quantitatively in your answers.
- The entry to record cost of goods sold at the end of the month is a: Debit to Work in Process Inventory and a credit to Finished Goods Inventory. Debit to Cost of Goods Sold and a credit to Finished Goods Inventory. Debit to Finished Goods Inventory and a credit to Cost of Goods Sold. Debit to Finished Goods Inventory and a credit to Work in Process Inventory.As manager of the St. Cloud Theatre Company, you have decided that concession sales will support themselves. The following table provides the information you have been able to put together thus far: Item Soft Drink Wine Coffee Candy Selling Price $1.20 $2.00 $1.25 $1.20 Variable Cost $0.60 $0.95 $0.35 $0.25 % of Revenue 26 24 30 20 Last year's manager, Scott Ellis, has advised you to be sure to add 10% of variable cost as a waste allowance for all categories. You estimate labor cost to be $300.00 (5 booths with 2 people each). Even if nothing is sold, your labor cost will be $300.00, so you decide to consider this a fixed cost. Booth rental, which is a contractual cost at $50.00 for each booth per night, is also a fixed cost. a) Based on the information available, the per night break-even point in dollars for the St. Cloud Theatre Company = $633.640 (round your response to two decimal places).Use the table provided below showing rooms available, rooms sold and rooms revenue for 7 properties (subject hotel + comp set) for one month to compute occupancy index for the subject hotel. Rooms Available (Supply) Rooms Sold (Demand) Revenue The subject hotel 10'000 7'000 700'000 Hotel A 9'000 3'000 400'000 Hotel B 9'000 8'000 700'000 Hotel C 10'000 7'000 700'000 Hotel D 000י7 5'000 500'000 Hotel E 11'000 8'000 700'000 Hotel F 8'000 4'000 400'000
- Give typing answer with explanation and conclusion Food revenue is $287,690, while beverage revenues are $78,981, in a 300-room hotel that runs 62.5% occupancy in the month of April. Fifty-four percent (54%) of food revenue was generated in the F&B outlets, while the remaining 46% was generated in banquets. Outlet food revenue was anticipated to account for 60% of revenue at a 29.5% food cost, while banquets were anticipated to generate 40% of revenue at a 22.5% food cost. Calculate the potential food cost ratio for the month of April?Required Information [The following information applies to the questions displayed below.] Professor John Morton has just been appointed chairperson of the Finance Department at Westland University. In reviewing the department's cost records, Professor Morton found the following total cost associated with Finance 101 over the last five terms: Term Fall, last year winter, last year Summer, last year Fall, this year winter, this year Professor Morton knows there are some variable costs, such as amounts paid to graduate assistants, associated with the course. He would like to have the variable and fixed costs separated for planning purposes. Total Cost (in dollars) 16,000 14,000 12,000 10,000 Required: 1. Prepare a scattergraph plot. (Plot total cost on the vertical axis and number of sections offered on the horizontal axis.) Instructions: 1. On the graph below, use the point tool (Fall last year) to plot number of sections offered on the horizontal axis and total cost on the vertical…8. If planned sales for the month are $142,000, and the stock-sales ratio is planned at 2.1, what BOM stock is needed to realize this ratio? Round to the nearest dollar.