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kolezko [41]
3 years ago
12

Rajiv just completed a project in which he restructured sales territories, met with sales representatives to help them set goals

, scheduled motivational meetings, and started a program of quarterly performance review for the sales force. His goals are to reduce waste and provide improved customer service. Rajiv is engaged in _________.
Business
1 answer:
vlabodo [156]3 years ago
7 0

Rajiv is engaged in <u>planning</u>.  

<u>Explanation</u>:

Planning is the process of making of plan for something in advance. Planning is done to complete the task perfectly and achieve the desired goal. Planning helps in finishing the task efficiently and quickly. It is good for everyone to do planning before proceeding with the work.

In the above scenario, Rajiv always engages in planning to improve the performance of his task. Rajiv conducts meeting with his sales representatives and schedules the meeting for motivational speech and review time of performance. This helps him to achieve improved customer service.

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Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2020 totaled $2,288,076
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Answer:

Using the FIFO cost method:

beginning WIP 34,600 units

materials $79,000 (100% complete)

conversion $48,200 (30% complete, 70% remaining = 24,220 EU)

units started 662,700

materials added $1,594,520

conversion costs added $566,356

ending WIP 24,100

100% complete for materials

40% complete for conversion = 9,640 EU

units completed and transferred out = 34,600 + 662,700 - 24,100 = 673,200

units started and completed = 662,700 - 34,600 - 24,100 = 604,000

total equivalent units for the month:

materials 662,700

conversion = 24,220 + 604,000 + 9,640 = 637,860

total cost per EU:

materials = $1,594,520 / 662,700 = $2.4061

conversion = $566,356 / 637,860 = $0.8879

total = $3.294

cost of ending WIP:

materials = 24,100 x $2.4061 = $57,987

conversion = 9,640 x $0.8879 = $8,559.36 ≈ $8,559

total = $66,546

cost of units transferred out = $79,000 + $48,200 + $1,594,520 + $566,356 - $66,546 = $2,221,530

total units transferred out = 673,200

production cost per unit = $2,221,530 / 673,200 = $3.30

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