On january 31, jean consulting company receives a bill for that month’s utilities in the amount of $500. jean sets it aside beca

Response:

quantitative marketing research method

Clarification:

A quantitative marketing research method involves conducting surveys and polls to gather accurate information regarding products and services, which is known as a quantitative marketing research method.

This approach allows consumers to provide feedback about the product in an unbiased way, enabling the collection of their preferences and aversions.

Techniques such as blind tests and surveys are utilized in this process.

Thus, based on the situation presented in the question,

the answer is quantitative marketing research method.

Question not complete

Direct Labour Cost is missing

Direct Labor Cost ----- $50,000.00 $270,000.00

Answer:

a.

Overhead Rate (Cutting Department) = $5.5 per machine hour = $5.5 per machine hour

Overhead Rate (Finishing Department) = $12.2 per labour hour

b. Total Manufacturing Cost = $644

c. Yes

Explanation:

a. To determine the predetermined overhead rate appropriate for each department.

Given

Cutting Department

The Cutting Department calculates its rate based on machine-hours

Manufacturing Overhead Costs = $264,000

Machine Hours = 48,000

Finishing Department

For the Finishing Department, the rate is calculated based on direct labor-hours.

Manufacturing Overhead Costs = $366,000

Direct Labour Cost = $270,000

Overhead Rate (Cutting Department) = Manufacturing Overhead Cost/Machine Hours

Overhead Rate (Cutting Department) = $264,000/48,000

Overhead Rate (Cutting Department) = $5.5 per machine hour

Overhead Rate (Finishing Department) = Manufacturing Overhead Cost/Machine Hours

Overhead Rate (Finishing Department) = $366,000/$270,000

Overhead Rate (Finishing Department) = 1.36

Overhead Rate (Finishing Department) = 136% direct labour cost

b.

The Cutting Department's rate is based on machine-hours

Given

Machine hours = 80 machine hours

Overhead Rate = $5.5 per machine hours ------ This was calculated

The Finishing Department's calculations rely on direct labor-hours.

Given

Direct Labour Cost = 150

Overhead Rate = 136% of labor cost ------ This was deduced

Overhead Applied (Cutting Department) = 80 * 5.5

Overhead Applied = 440

Overhead Applied (Finishing Department) = 136% * 150

Overhead Applied = $204

Total Overhead Applied = $440 + $204

Total = $644

c. Yes

If the business utilizes a company-wide overhead rate linked to direct labor cost and if jobs have increased machine hours paired with lower labor costs, they would incur less overhead expenses.

Answer:

An essential business continuity document

Explanation:

The business continuity plan is vital for safeguarding against potential threats that could disrupt operations.

This written document is crucial for small enterprises.

Carla's business continuity plan should encompass:

1. identification of critical business processes required for rapid operational restoration post-incident, including necessary resources.

2. assessment of possible crises that could impact the business, along with strategies to mitigate the risk of said disasters.

As staff have previously received training on their roles during emergencies, they should implement their learning effectively.

For instance, if there's a risk of an attack that could disrupt power supply, Carla should install a backup generator to handle potential outages.

Answer:

-911.51 the debt decreases with a 12% sales increase

Explanation:

sales: 28,400

12% increase

new sales: 31,808

profit margin:

2,250/28,400 = 0.0792 = 7.92%

income: 31,808 x 7.92% = 2,519.19

retained earnings growth: (1-payout ratio) = 0.6

2,519.19 x 60% =  1,511.514‬

Working capital increase: 5,000 x 12% = 600

Asset requirement - retained earnings growth = financial needs

600 - 1,511.51 = -911.51