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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:
 Cost Driver Rate  Cost Driver Volurne  Resources used  Adrninistrative $501,200 drniristrative hours  Customer service 31065returns Energy 80770 machine hours  Long-tem labor 901,60 labor hours  Materials 1250,000 mits  Purchasing 145120 purchase orders  Setups 450115setups\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}
 Resources used  Adrninistrative $68,000 Customer service 31,200 Energy 66,480 Long-tem labor 163,000 Materials 625,000 Purchasing 34,000 Setups 60,400\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.

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.

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