Morrison Supply Provides the Following Information About Resources Required:
Compute the Unused Resource Capacity for Each Preceding Item

question 100

Essay

Morrison Supply provides the following information about resources:
$$\begin{array} { l r l } & \text { Cost Driver Rate } & \text { Cost Driver Volurne } \\\text { Resources used } & & \\\text { Adrninistrative } & \$ 50 & 1,200 \text { drniristrative hours } \\\text { Customer service } & 310 & 65 \mathrm { returns } \\\text { Energy } & 80 & 770 \text { machine hours } \\\text { Long-tem labor } & 90 & 1,60 \text { labor hours } \\\text { Materials } & 12 & 50,000 \text { mits } \\\text { Purchasing } & 145 & 120 \text { purchase orders } \\\text { Setups } & 450 & 115 \mathrm { setups }\end{array}$$
$$\begin{array} { l r } \text { Resources used } & \\\text { Adrninistrative } & \$6 8 , 0 0 0 \\\text { Customer service } & 31,200 \\\text { Energy } & 66,480 \\\text { Long-tem labor } & 163,000 \\\text { Materials } & 625,000 \\\text { Purchasing } & 34,000 \\\text { Setups } & 60,400\end{array}$$
Required:
Compute the unused resource capacity for each preceding item.

Understand and describe the structure and components of a cash flow statement.

Apply accounting principles to prepare an income statement.

Analyze and interpret financial transactions and their impact on financial statements.

Evaluate the financial performance of a company using net profit margin calculations.

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Definitions:

Payee

The individual or entity to whom a check, draft, or promissory note is made payable.

First in Time

A principle stating that rights or privileges are assigned to those who are first to take action or establish legal claim.

Priority in Bankruptcy

The ranking order established by bankruptcy law that determines the sequence in which creditors are paid from a debtor's estate.

Accounts Receivables

The amounts of money owed to a company by customers for goods or services that have been delivered or used but not yet paid for.