Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer: 1. $110000.
2. $120000
Explanation:
First, we calculate the sold units which will be:
= Opening inventory + Purchase - Ending inventory
= 10000 + 30000 - 20000.
= 20000
Then, the cost of stock per unit will be:
= $115000/20000
= $5.75
The total cost of the total stock available will be:
= 40000 × $5.75
= $230,000
Cost of purchase stock will be:
= Total cost of stock - Cost of beginning inventory
= $230000 - $50000
= $180000
Then, cos per unit of purchased stock will be:
= $180000 / 30000
= $6
1 Determine the cost of goods sold for 2021 using the FIFO method.
Cost from begining inventory = 10000 × 5 = 50000
Add: Cost from purchase inventory = 10000 × 6 = 60000
Cost of goods sold under FIFO = 110000
2. Determine the cost of goods sold for 2021 using the LIFO method.
This will be:
= 20000 × 6
= 120000
Answer:
Reinforce and reiterate the organization's commitment to scrum
Explanation:
The best way to deal with Hilton as in the above case is to reinforce and reiterate the organization's commitment to scrum because he is acting as a saboteur to scrum transition in the team. There is what we call synergy in a team, which signifies that a whole is better than a part hence his opinion must be ignored. The overall decision of a team in an organization supercedes that of an individual which is related to the firm's commitment on scrum.
Moreover, sending Hilton to scrum training will not be beneficial to the team because of his dislike towards the scrum transition hence the organization must make firm commitment towards scrum and ensure that Hilton's resistance is futile.
Answer:
$230.02
Explanation:
Calculation for what amount would the company have to charge for the Tijerina wedding cake to just break even
Size related $69.16
($1.33 per guest × 52 guests)
Complexity-related $56.84
($28.42 per tier × 2 tiers)
Order-related $74.72
($74.92 per order × 1 order)
Cost of purchased decorations for cake $29.30
Total cost $230.02
($69.16+$56.84+$74.72+$29.30)
The amount that the company would have to charge for the Tijerina wedding cake to just break even will be $230.02
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