Answer:
The cost of ending inventory = $193,200.
Explanation:
First in First out (FIFO) inventory system refers to the system where the materials are issued when they have purchased in an orderly manner. See image below to get your answer with illustration.
Answer:
Explanation:
Ratio analysis is used as an instrument of cost control in two ways: (i) Ratios can be used to compare the performance of a business firm between two periods. It helps to identify areas which need immediate attention. (ii) Besides, standard ratios are used to compare actual areas.
Answer:
558
Explanation:
Since his monthly salary is $9,000
6.2% is the percentage of his salary that he will pay as social security tax while the Employer pays the other 6.2% making 12.4% in total
The amount to be taken out of his salary for social security for the month of December will be
6.2% * 9000= $558
Answer:
ITS A NEW COMPUTER IT SHOULD WORK FOR EVERYTHING YOU NEED
Explanation:
BUT I THINK A DESKTOP WILL DO BETTER
Answer:
Yes it is an indirect cost
No it is not a fixed cost
Explanation:
An indirect cost is one that cannot be traced to the product. For example in this instance direct cost will be the cost of the jeans materials. So wages paid to the workers that cut the jeans patterns is an indirect cost in producing jeans.
A fixed cost is one that does not change during the production process. For example rent. The wages paid is not fixed but variable, as labour needed usually varies with business need.
