Answer:
Explanation: Two important factors that could be considered to help decide how much inventory to keep in existence of a particular item in the store are:
1. Different inventory management techniques: These well-developed techniques will allow for an adequate level of inventory since, if not applied, maintenance of high levels of inventory could be incurred. The same would happen if there is a low level of inventory, since more costs would also be incurred as well, since there would be a need to place more orders. Maintaining an adequate level of inventory allows you to be stocked all the time and provide optimal service.
2. Use technological tools, that is to say computer systems to optimize the realization of inventories, taking into account that it is necessary to work with qualified personnel to keep a record of all the items owned by the company.
<span>You are given a company's normal selling price for its product that is $20 per unit. Also, due to market competition, you are given the selling price that has fallen to $15 per unit. You are also given the company's current inventory that consists of 200 units purchased at $16 per unit. Also, you are given the replacement cost that has fallen to $13 per unit. You are asked to calculate the value of this company's inventory at the lower of cost or market.
You are not going to use the company;s selling price nor the price when the product is falling, but you are going to use the replacement cost because the company has to take measurable accounts regarding of the downrate of their prices. And so,
</span><span>200 units multiplied by $16 per unit = $2,600</span>
Answer:
B. The mean is $51,754 and the median is $44,167. This is because economic variables are usually skewed to the right, which pulls the mean above the median.
Explanation:
The mean income of $51,754 obtained from the 2014 income of people aged 25 - 34 years with only a bachelor's degree is the average incomes. It is obtained by adding all the incomes in the data set and then dividing by the number of values in the set. The median of $44,167 is the middle value when this data set is ordered from least to greatest while the mode is the number that occurs most often in the data set.
Answer:
$375,000
Explanation:
Unadjusted cost of goods sold = Opening stock of finished goods + Cost of goods sold - Closing stock of finished goods
Unadjusted cost of goods sold = $79,000 + $361,600 - $72,000
Unadjusted cost of goods sold = $368,600
The overhead applied is $112,000 and the actual manufacturing overhead is $118,400. As the actual manufacturing overhead is more than the overhead applied, the overhead is under applied as shown below
Under-applied Overhead = Actual manufacturing overhead - Overhead applied
= $118,400 - $112,000
= $6,400
Now, calculation of the adjusted cost of goods sold is as follow
Adjusted cost of goods sold = Unadjusted cost of goods sold + Under-applied Overhead
= $368,600 + $6,400
= $375,000
Thus, the adjusted cost of goods sold is $375,000
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