Answer
The correct answer is:
$16,600
Explanation:
The ending inventory is the total value of the inventory at hand, that was not sold for the year. To calculate this, we will subtract the total cost of goods sold from the total purchase. This is shown below:
Beginning inventory = $ 19,600
Purchased inventory = $ 233,000
Total inventory value in the year = $ 252,600
Cost of goods sold = $ 236,000
Therefore, Ending inventory = Total inventory value in the year - Cost of goods sold
= 252,600 - 236,000 = $16,600
The trust trick for making sales using terms like "limited edition" or putting countdowns of time and remaining items for an offer is called the scarcity technique.
Scarcity marketing can be understood as a way to activate psychological triggers to generate purchase desire in consumers through product shortages, as people tend to perceive limited quantities as more valuable.
This strategy to drive sales will be effective if it meets three criteria:
- It is useful
- It is transferable between people
- It has the potential to be possessed
Therefore, companies can gain significant advantages by implementing the scarcity technique, increasing sales and generating greater value for the consumer.
This strategy needs to be used sparingly so as not to create too much pressure on the consumer to make a purchase and not to generate an image of poor inventory management.
Find out more information about scarcity here:
brainly.com/question/20254934
Answer:
c and e
Explanation:
those are 2 examples of it
Answer:
The amount of manufacturing overhead allocated for the year based on machine hours would have been $268,087
Explanation:
For computing the manufacturing overhead amount, first, we have to compute the predetermined overhead rate. The formula is shown below:
Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)
= $238,700 ÷ 20,200 hours
= $11.81
Now the manufacturing overhead equal to
= Actual direct labor-hours × predetermined overhead rate
= 22,700 hours × $11.81
= $268,087
