Answer:
Amount to be transferred out of Work in process = 5,400 units * $63.13
= $340,902
Explanation:
Finished goods
opening 1,100
production 5,300
closing - 1,000
Finished good = 5,400 units
Completed goods = finished goods transferred + 20% complete WIP
= 5,400 + 200 units (1000*20%)
= 5,600 units
Total cost = $2,540 + $351,000
=$353,540
Cost per unit = Total cost / Completed goods
= $353,540 /5,600 units
= $63.13
Even though the 200 units (1000*20%) are completed and are included in calculating the cost per unit but they are not transferred to the finished goods only 5,400 units are transferred to finished goods.
The only reason for the 200 units inclusion on calculating the cost per units is that they are complete and in the total cost they are included as they were incurred alongside the 5400 units transferred.
The large investment the company made in the failed project most likely was made by a manager who did not fully understand "Sunk Costs".
<h3>What is Sunk Cost?</h3>
An price or investment that has already been made and cannot be recovered is referred to as a sunk cost.
Types of sunk cost are -
- Investment in advertising. This money is lost if you advertise a new product; it cannot be recovered.
- Investigation into a new product.
- Labour expenses.
- New software system installation and operational procedures.
- Loss of relationships in business and reputation.
Therefore, Sunk expenses are unrelated to any particular occurrence and shouldn't be taken into account while choosing an investment or project.
To know more about ways to harvest an investment in a business, here
brainly.com/question/17156228
#SPJ4
Answer:
Acrophobia
Explanation:
Acrophobia sometimes develops in response to a traumatic experience involving heights, such as: falling from a high place. watching someone else fall from a high place. having a panic attack or other negative experience while in a high place.
Answer:
Answers a. and b. are both correct which shows the advantages of short-term financing (as compared to long-term financing).
Explanation:
The short term financing have includes less compliance, less interest rate, contain lesser amount, speedy transactions ,and lesser time period whereas the long term financing includes more compliance, large amounts, large time period.
Thus, a. and b. are both correct which shows the advantages of short-term financing (as compared to long-term financing)
Answer:
d. controlling
Explanation:
controlling as a function of management is the act checkmating if the established target is achievable and if not, the reasons for the deviation.
A form of Controlling that Jerry is undergoing is Personnel control which is aim at making sure other people do what should be done.
• The basic control process are seen in Jerry action as:
(1) establishing standards:
monthly target to be achieved has being given to the personnel
(2) measuring performance against these standards.
Jerry reviews the performance of his team members on a monthly basis.
(3) correcting deviations from standards and plans.1
Based on the results of his monthly reviews, he decides to conduct daily reviews to analyze the performance of members who do not achieve their monthly targets.
