The decision making process of solving a workplace have
seven steps: Identification of the problem, understanding interests, list of
possible solutions, evaluating the options, selecting the options, documenting
of the agreements and agreeing on contingencies, monitoring and evaluation. The
solution is implemented on the last step which is agreeing on contingencies,
monitoring and evaluation because in here there are opportunities that are
created to evaluate the agreements and the implementation of the solutions.
Answer:
Finished goods inventory final balance= 12, 495
Explanation:
PRODUCTION COST COMPONENTS
- Direct materials 12,385
- Direct work 10,600
- Lease and utilities 9,600
TOTAL PRODUCTION COST = 32,585
TOTAL UNITS PRODUCED = 6,650
UNIT COST= (Total Production Cost / Total Units Produced) = 32,585 / 6,650 = 4.9
FINAL GOODS INVENTORY = (Total Units Produced – Total Units Sales) = 6,650 – 4,100 = 2,250
FINAL GOODS INVENTORY AMOUNT = (Final goods Inventory * Unit Cost) = 2,250 * 4.9 = 12,495
A petty cash fund is used for small payments in order to avoid the time and cost of writing checks for small amounts.
<h3>What is petty cash?</h3>
A petty cash fund is a small amount of cash, used to pay for minor expenses, such as office supplies or employee reimbursements.
It is the pet a actual ledger book, rather than a computer record.
Hence, a petty cash fund is used for small payments in order to avoid the time and cost of writing checks for small amounts.
Learn more about petty cash here : brainly.com/question/6893535
#SPJ1
