Answer:
B) Yes No
Explanation:
Materials cost are incremental and relevant whereas Depreciation on equipment with no resale value are irrelevant.
<span>The action in 2008 in which milk prices increased and one milk consumer stated that the reason he cut down on milk consumption is so that he could drive his car represents </span>movement along the demand curve for milk.
<span>Movement along the demand curve usually occurs when the manufacturer raises or lowers the price of the product.</span>
Answer:
Decrease in Net operating income ($30,000)
Explanation:
The computation of the change in net operating income is shown below:
Particulars Rubber Division
Lost of Contribution margin ($100,000)
Savings from avoidable fixed costs :
Traceable fixed costs $70,000
Decrease in Net operating income ($30,000)
We simply deduct the traceable fixed cost from the loss of contribution margin so that the change in net operating income could come
Answer:
1. Pat is Middle Level.
Pat is trying to implement the strategic goals of the company which are set by Top Management. That would make Pat a Middle level manager.
2. Rick is Top Level.
Rick is developing the policies for the entire company which would place Rick at Top Manager level.
3. Daisy is a First-line Manager
Daisy is responsible for the loading products such that it is done effectively. This is an operational duty which would place Daisy at First-line level.
4. Ruth is a First-Line Manager
Ruth directs art staff who are non-managers which would make Ruth a first-line manager
5. Gary is Top Level
By developing projections on long term growth, that means Gary contributes to strategic decisions thereby making Gary top level.
6. Greg is Middle Level
Greg is in charge of first line managers which places him directly on top of them which means he is a middle level manager.
7. Mike is a Team Leader
Mike is in charge of the team which is the textbook role of a team leader.
8. Nancy is a Team leader
The members of the team go to Nancy when they need to resolve conflict or when they want to coordinate their activities. As the team leader is in charge of team coordination, Nancy must therefore be a team leader.
Answer:
The answer is: $100,000
Explanation:
Under LIFO (last in, first out) costing method, we use the oldest costs are used to determine the ending inventory:
We were given the following data:
- Jan. 1: 8,000 purchased at $11 per unit
- June 19: 13,000 purchased at $12 per unit
- Nov. 8: 5,000 purchased at $13 per unit
If the ending inventory had 9,000 units, then its total cost is:
Ending inventory = (8,000 units x $11 per unit) + (1,000 units x $12 per unit)
Ending inventory = $88,000 + $12,000 = $100,000
