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Answer: What grade is the program?
Answer: What grade is the program?
Answer: What grade is the program?
Answer: What grade is the program?

 Innealtoir Company has three plants located in the Republic of Industrial Engineers, and each plant manufactures a single product line with four different product models. The total annual production budget of Innealtoir company for the year 2023 is 500,000,000 IE Euros. The currency of the Republic of Industrial Engineers is IE Euros.

                  The company has intensive marketing campaigns and is continuously innovating all the product lines in each plant. As a result, the company’s market share of their advanced smart phone products in the advanced smart phones industry is 45%, 55% market share of their smart television products in the smart television industry, a dominating market share of their laptop computer products in the laptop computers industry at 75% which is attributed to the company’s extensive R&D effort.

                 With the company's market share per product line, the management does not want to allocate in excess of 15% from the total annual production budget for the year 2023 for the product line that dominates the very least in its industry. The product line that dominates most in its industry must be allocated with no less than 55% of the total budget for the year. Further, it has been agreed that the total budget of plant 1 and 2 should not exceed 40% of the total budget for the year.

                  Plant 1, which is in the Province of Therblig, manufactures advanced smart phones. ASP Model 1, ASP Model 2, ASP Model 3 and ASP Model 4. ASP Model 1 sells 2,000 IE Euros per unit, while ASP Model 2, 3, and 4 sells 20%, 30% and 40% respectively than that of ASP Model 1. Each ASP Model 1 requires 3.5 hours to assemble, ASP Model 4 requires 2.5 hours while the other two require 3 hours each. There are 250 assembly workers working for 9 hours each day with 30 min break in the morning and another in the afternoon, and 1-hour break during lunch. Each worker works 22 days per month. All assembly workers in the plant are fully vaccinated and they do not plan to take any vacation leaves for the year 2023. The cost to manufacture product 2 is 1,500 IE Euros and product 1 costs 20% less than product 2 while products 3 and 4 is 30% more than product 1. The plant’s production budget is allocated to direct labor, direct materials and manufacturing overhead at 50%, 30% and 20% respectively of the product's manufacturing cost per model.

                 Plant 2, which is in the Province of Taylor, manufactures smart television. The customer’s acquisition cost per unit of STV Model 1 is 8,000 IE Euros, while ASP Model 3 and 4 is 25% and 18% than that of STV Model 1 while STV model 2 is at 5,000 IE Euros. Each model requires 4 hours to assemble, and there are 200 assembly workers working for 9 hours each day with 30 min break in the morning and another in the afternoon, and 1-hour break in the middle of the day for lunch. Each worker works 22 days per month. It has been noted by HR that 50% of the workforce will be expected to utilize their 15 days sick leave credits and 15 days’ vacation leave credits for the year. The cost to manufacture product 2 is 3,500 IE Euros and product 4 costs 10% less than product 2 while products 1 and 3 is 30% more than product 4. The plant’s production budget is allocated to direct labor, direct materials, and manufacturing overhead at 30%, 60% and 10% respectively of the product's manufacturing cost per model.

                 Plant 3, which is in the Province of Gantt, manufactures laptop computers. Each model costs 5,500 IE Euros. The production cost per model is the same for all since the company was able to negotiate to the chip supplier to offer the same price for all the types of chips installed in each model resulting into greater profitability for company. LC Model 1 ,2, 3, and 4 sells for 30%, 45%,50%, 60% more than its production cost. The company uses robots to assemble the computers to ensure high product quality and avoid any production defect. There are 120 robots in the plant and each robot assembles at a speed of .5 hour per model. The plant’s production budget is allocated to robot maintenance, direct materials, and manufacturing overhead at 30%, 55% and 15% respectively of the product’s manufacturing cost per model. Each robot is operational for 9 hours per day and the company operates 22 days in a month.

                 Each plant aims to maximize its investment returns by allocating the appropriate budget for each plant. The current company’s investment returns in plant 1 is 55%, plant 2 at 35% and plant 3 at 28%.

 

  1. How much is the budget for each product line to maximize investment returns? What do you recommend? (40 points).
  2. Are the conditions of the budget allocation satisfied? Prove your answer. (10 points.)
  3. Based on the calculated budget allocation per plant, how many product models should each plant manufacture to maximize:
    1. Gross Income (60 points)
    2. Net Income (60 points)
  4. Are there unused resources? If there is an excess, what is the reason for the excess? Justify your answer. (30 points)
  5. With your recommendations above, will the company utilize 100% of the production budget? What can you recommend further? (10 points)

 

Answer: What grade is the program?
Answer: What grade is the program?
Answer: What grade is the program?
Answer: What grade is the program?
Answer: What grade is the program?
Answer: What grade is the program?
Answer: What grade is the program?
Answer: What grade is the program?
Answer: What grade is the program?
Answer: What grade is the program?
Answer: What grade is the program?
Answer: What grade is the program?
Answer: What grade is the program?
Answer: What grade is the program?
Answer: What grade is the program?
Answer: What grade is the program?
Answer: What grade is the program?
Answer: What grade is the program?
Answer: What grade is the program?
Answer: What grade is the program?
Answer: What grade is the program?
Answer: What grade is the program?
Answer: What grade is the program?
Answer: What grade is the program?

  Company has three plants located in the Republic of Industrial Engineers, and each plant manufactures a single product line with four different product models. The total annual production budget of company for the year 2023 is 500,000,000 IE Euros. The currency IE Euros.

                  The company has intensive marketing campaigns and is continuously innovating all the product lines in each plant. As a result, the company’s market share of their advanced smart phone products in the advanced smart phones industry is 45%, 55% market share of their smart television products in the smart television industry, a dominating market share of their laptop computer products in the laptop computers industry at 75% which is attributed to the company’s extensive R&D effort.

                 With the company's market share per product line, the management does not want to allocate in excess of 15% from the total annual production budget for the year 2023 for the product line that dominates the very least in its industry. The product line that dominates most in its industry must be allocated with no less than 55% of the total budget for the year. Further, it has been agreed that the total budget of plant 1 and 2 should not exceed 40% of the total budget for the year.

                  Plant 1, which is in the Province of Therblig, manufactures advanced smart phones. ASP Model 1, ASP Model 2, ASP Model 3 and ASP Model 4. ASP Model 1 sells 2,000 IE Euros per unit, while ASP Model 2, 3, and 4 sells 20%, 30% and 40% respectively than that of ASP Model 1. Each ASP Model 1 requires 3.5 hours to assemble, ASP Model 4 requires 2.5 hours while the other two require 3 hours each. There are 250 assembly workers working for 9 hours each day with 30 min break in the morning and another in the afternoon, and 1-hour break during lunch. Each worker works 22 days per month. All assembly workers in the plant are fully vaccinated and they do not plan to take any vacation leaves for the year 2023. The cost to manufacture product 2 is 1,500 IE Euros and product 1 costs 20% less than product 2 while products 3 and 4 is 30% more than product 1. The plant’s production budget is allocated to direct labor, direct materials and manufacturing overhead at 50%, 30% and 20% respectively of the product's manufacturing cost per model.

                 Plant 2, which is in the Province of Taylor, manufactures smart television. The customer’s acquisition cost per unit of STV Model 1 is 8,000 IE Euros, while ASP Model 3 and 4 is 25% and 18% than that of STV Model 1 while STV model 2 is at 5,000 IE Euros. Each model requires 4 hours to assemble, and there are 200 assembly workers working for 9 hours each day with 30 min break in the morning and another in the afternoon, and 1-hour break in the middle of the day for lunch. Each worker works 22 days per month. It has been noted by HR that 50% of the workforce will be expected to utilize their 15 days sick leave credits and 15 days’ vacation leave credits for the year. The cost to manufacture product 2 is 3,500 IE Euros and product 4 costs 10% less than product 2 while products 1 and 3 is 30% more than product 4. The plant’s production budget is allocated to direct labor, direct materials, and manufacturing overhead at 30%, 60% and 10% respectively of the product's manufacturing cost per model.

                 Plant 3, which is in the Province of Gantt, manufactures laptop computers. Each model costs 5,500 IE Euros. The production cost per model is the same for all since the company was able to negotiate to the chip supplier to offer the same price for all the types of chips installed in each model resulting into greater profitability for company. LC Model 1 ,2, 3, and 4 sells for 30%, 45%,50%, 60% more than its production cost. The company uses robots to assemble the computers to ensure high product quality and avoid any production defect. There are 120 robots in the plant and each robot assembles at a speed of .5 hour per model. The plant’s production budget is allocated to robot maintenance, direct materials, and manufacturing overhead at 30%, 55% and 15% respectively of the product’s manufacturing cost per model. Each robot is operational for 9 hours per day and the company operates 22 days in a month.

                 Each plant aims to maximize its investment returns by allocating the appropriate budget for each plant. The current company’s investment returns in plant 1 is 55%, plant 2 at 35% and plant 3 at 28%.

 

  1. How much is the budget for each product line to maximize investment returns? What do you recommend? 
  2. Are the conditions of the budget allocation satisfied? Prove your answer. 
  3. Based on the calculated budget allocation per plant, how many product models should each plant manufacture to maximize:
    1. Gross Income 
    2. Net Income
  4. Are there unused resources? If there is an excess, what is the reason for the excess? Justify your answer. 
  5. With your recommendations above, will the company utilize 100% of the production budget? What can you recommend further? 

 

Answer: What grade is the program?
Answer: What grade is the program?

For the past several years, Emily Page has operated a part-time consulting business from her home. As of June 1, 2010, Emily decided to move to rented quarters and to operate the business, which was to be known as Bottom Line Consulting, on a full-time basis. Bottom Line Consulting entered into the following transactions during June: June 1. The following assets were received from Emily Page: cash, $20,000; accounts receivable, $4,500; supplies, $2,000; and office equipment, $11,500. There were 
no liabilities received. 
1. Paid three months’ rent on a lease rental contract, $6,000. 
2. Paid the premiums on property and casualty insurance policies, $2,400. 4. Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $2,700. 5. Purchased additional office equipment on account from Office Depot Co., $3,500. 6. Received cash from clients on account, $3,000. 10. Paid cash for a newspaper advertisement, $200. 12. Paid Office Depot Co. for part of the debt incurred on June 5, $750 
unting Cycle 
June 12. Recorded services provided on account for the period June 1–12, $5,100. 
14. Paid part-time receptionist for two weeks’ salary, $1,100. 
17. Recorded cash from cash clients for fees earned during the period June 
1–16, $6,500. 
18. Paid cash for supplies, $750. 
20. Recorded services provided on account for the period June 13–20, $3,100. 
24. Recorded cash from cash clients for fees earned for the period June 17–24, 
$5,150. 
26. Received cash from clients on account, $6,900. 
27. Paid part-time receptionist for two weeks’ salary, $1,100. 
29. Paid telephone bill for June, $150. 
30. Paid electricity bill for June, $400. 
30. Recorded cash from cash clients for fees earned for the period June 25–30, 
$2,500. 
30. Recorded services provided on account for the remainder of June, $1,000. 
30. Emily withdrew $5,000 for personal use. 
Instructions 
1. Journalize each transaction in a two-column journal, referring to the following chart 
of accounts in selecting the accounts to be debited and credited. (Do not insert the 
account numbers in the journal at this time.) 
11 Cash                                 31 Emily Page, Capital 
12 Accounts Receivable.       32 Emily Page, Drawing 
14 Supplies.                         41 Fees Earned 
15 Prepaid Rent.            51 Salary Expense 
16 Prepaid Insurance.           52 Rent Expense 
18 Office Equipment           53 Supplies Expense 
19 Accumulated Depreciation          54 Depreciation Expense 
21 Accounts Payable                55 Insurance Expense 
22 Salaries Payable             59 Miscellaneous Expense 
23 Unearned Fees 
2. Post the journal to a ledger of four-column accounts. 
3. Prepare an unadjusted trial balance. 
4. At the end of June, the following adjustment data were assembled. Analyze and 
use these data to complete parts (5) and (6). 
a. Insurance expired during June is $200. 
b. Supplies on hand on June 30 are $650. 
c. Depreciation of office equipment for June is $250. 
d. Accrued receptionist salary on June 30 is $220. 
e. Rent expired during June is $2,000. 
f. Unearned fees on June 30 are $1,875.  
6. Journalize and post the adjusting entries. 
7. Prepare an adjusted trial balance. 
8. Prepare an income statement, a statement of owner’s equity, and a balance sheet. 
9. Prepare and post the closing entries. (Income Summary is account #33 in the chart 
of accounts.) Indicate closed accounts by inserting a line in both the Balance columns opposite the closing entry. 
10. Prepare a post-closing trial balance. 

Answer: What grade is the program?
Answer: What grade is the program?
Answer: What grade is the program?
Answer: What grade is the program?

The Big Seven Construction (Pty) Ltd has been in the construction business for the past 17 years and is considered one of the major players in the industry. They are currently part of a team of four major construction companies engaged in a massive low-to-medium income housing project; in which their part is to lay and complete the foundation for each house and leave the rest to other team members. This project commenced on 3 January 2021.
As the project cost accountant of Thabo Civil Engineers Pty Ltd, you have recorded the following monthly and annual cost figures with respect to this housing project:
4

On average, your company completes 350 foundations per month; and in the process uses 13 (50kg) bags of cement on each foundation; and each 50kg bag costs R80.
The cost of direct labour is R 22 500 per foundation completed.
Your company’s site supervisor is paid R 54 000 per month
Four different types of earth moving machinery used by your company are
leased at R 250 000 each per month
Each foundation completed is subject to a quality check at a cost of R 12 500
Each foundation completed uses 8 500 bricks at a cost of R 2 100 per 1 000
bricks
A purchasing agent used to source the best prices for construction materials
for your company is paid a commission of R 16 000 per month
Your company is using this housing project to advertise itself to potential
customers at a cost of R 25 400 per month
An on-site administrative office has been set up and the total monthly salary
bill for the six people running it amounts to R 85 000
The annual insurance bill paid by your company for this project amounts to R 135 700 A 10 litre container of paint is used on each foundation at a cost of R 1 600
per container

Required:
Calculate the following annual figures for your company: 3.1 Direct labour per year
3.2 Direct material per year
3.3 Construction overheads per year
3.4 Total non-construction costs per year

Answer: What grade is the program?

Answer: What grade program?
Answer: What grade program?
Answer: What grade program?
Answer: A
Answer: What grade program?

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