If the job is taken as a rush order with the knowledge that overtime will be necessary, the overtime premium should be charged to: a. Specific job b. General expense c. Factory overhead d. Selling expense
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If the job is taken as a rush order with the knowledge that overtime will be necessary, the
overtime premium should be charged to:
a. Specific job
b. General expense
c. Factory overhead
d. Selling expense
Step by step
Solved in 3 steps
- 15) Which of the following is not likely to be a reason of unfavorable direct labor rate variance? Poor estimate while selling direct labor standards An increase in labor rates and overtime premium Frequent breakdowns Assignment of an easy task to highly skilled workers7.4 Milwaukee Surgical Supplies Inc. has gross sales for the year of $1,200,000. The collections department estimates that 30 percent of the customers pay on the tenth day, 40 percent pay on the thirtieth day, and the remaining 30 percent pay, on average, on the fortieth day after the purchase. (Assume 360 days per year.) What is the firm’s average collection period? What is the firm’s current receivables balance? What would the firm’s new receivables balance be if Milwaukee Surgical toughened up on its collection policy, with the result that the 70 percent of customersthat did not pay by the tenth day paid on day 30? Suppose that the firm’s cost of carrying receivables was 8 percent annually. How much would the toughened credit policy save the firm in annual receivables carrying expense? (Assume that the entire amount of receivables has to be financed.)Your top team member has performed extremely well, and you want toreward her. She knows that you don’t have enough money in the budget togive her a bonus, so she approaches you and requests an extra day off, eventhough she is out of vacation days. She asks if she can take one of her sickdays, even though the company doesn’t allow that. Which of the following iscorrect?A. You should give her the time off, because McLelland’s Achievement Theory statesthat people need achievement, power, and affiliation to be motivatedB. You should give her the time off, because Expectancy Theory says that you need togive people an expectation of a reward in order to motivate themC. You should give her the time off, because a Theory Y manager trusts the teamD. You should not give her the time off Which of the following is NOT a tool or technique of Qualitative RiskAnalysis?A. Risk urgency assessmentB. Expected monetary value analysisC. Probability and impact matrixD. Risk categorization
- Question 2At time 0, M is deposited into Fund X, which accumulates at a force of interest δt =0.006t2. At time m, 2M is deposited into Fund Y, which accumulates at an annual effective rate of 10%. At time n, where n > m, the accumulated value of each fund is 4M.Determine m.Elana is purchasing a property in Florida. After she closes, she will have fee simple ownership of 1/26 of the unit, and the ability to use the property for two weeks a year. What kind of property is she most likely purchasing? condo co-op duplex timeshareThe check book balance of Ccc Company on December 31,2020 was P4,000,000. Data about certain cash items follow. • A customer amounting to P200,000 dated January 2,2021 was not included in the December 31,2020 checkbook balance. • Another customer check for P500,000 deposited on December 22,2020 was included in its checkbook balance but returned by the bank for insufficiency of fund. The check was deposited on January 5, 2021 and cleared two days. + A P400,000 check payable to supplier dated and recorded on December 30,2020 was mailed on January 16,2021. * A petty cash fund of P50,000 with the following summary on December 31,2020: Coins and Currencies 5,000 Petty cash vouchers 43,000 Return value of 20 cases of soft drinks 2,000 50,000 • A check of P43,000 was drawn on December 31,2020 payable to petty cash. 3. What is the "cash" balance on December 31,2020?
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