Answer:
$192,000
Explanation:
Calculation for What is the value of ending inventory under variable costing
Using this formula
Value of ending inventory =[(Direct materials+Direct labor+Variable overhead+(Fixed overhead/Units produced)×Ending units in inventory]
Let plug in the formula
Value of ending inventory=[($6+ $4+ $5 + ($234,000/26,000 units) ×8,000 units]
Value of ending inventory= ($15 units+$9 units)×8,000 units
Value of ending inventory=$24 per units×8,000 units
Value of ending inventory = $192,000
Therefore the value of ending inventory under variable costing will be $192,000
The lower cost or market approach is (C) required under GAAP for companies that use LIFO or retail inventory.
<h3>
What is market approach?</h3>
- The market approach is a method of evaluating an asset's worth based on the selling price of comparable assets.
- Along with the cost technique and discounted cash-flow analysis, it is one of three main valuation methodologies (DCF).
- Companies that use LIFO or retail inventory are obligated by GAAP to use the lower cost or market method.
- A realtor, for example, can gather information on comparable real estate sales in close vicinity to a client's property and modify those values to account for differences in land area and building square footage to arrive at a market-based valuation for the targeted property.
Therefore, the lower cost or market approach is (C) required under GAAP for companies that use LIFO or retail inventory.
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The complete question is given below:
The lower cost or market approach is _____ for companies that use _____.
a. optional under GAAP; LIFO or the retail inventory
b. optional under GAAP; any method of inventory valuation
c. required under GAAP; LIFO or the retail inventory
d. required under GAAP; any method of inventory valuation
Answer: Knowledge management
Explanation: Knowledge management approach focuses on making best use of the knowledge with the intent of achieving organisational objectives. It involves discovering, sharing and harnessing of the intellectual resources that a company holds.
Knowledge management brings improved performance, innovation and competitive advantage to the organisation.
Eye contact
Face expression
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The pricing strategy that calls for a new product being priced high to make optimum profit while there is little competition is called as Skimming price strategy
Skimming Pricing, also known as price skimming, is a pricing strategy that sets the price of new products higher and lowers them when competitors enter the market. Skimming prices are the opposite of penetration prices, which set lower prices for newly launched products in order to build a large customer base from the beginning.
Skimming pricing strategy refers to setting relatively high initial prices for new products or services for early adopters who are not price sensitive when there is a strong relationship between price and perceived quality. .. Prices can go down over time.
An example of a skimming strategy can be found primarily when major technology companies such as Apple, Samsung, and Sony are developing new technologies that are known to be in high demand.
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