FIFO method :
Amount of Net Ducome GA per F1 Fo
Net Income (After Tan) $2144 mule
Add Income Tan Changed
(2144 X 100/70) X 30%. 76 $918.857 rude
$3062.857 nis
Add Closing Inventory Incrare as bei FIFO 293
Lesso Open Deventory Ducres asper FIFO (290 nulls)
Income before Taxes 3065.857 null
Income Taxes 30 y. (919.757 null)
Net Income 2146. to Pullen
FIFO ("first in, first out") is based on these production costs, assuming that the oldest products in a company's inventory are sold first. The LIFO (last in, first out) method assumes that the newest product in the company's inventory was sold first, and uses that cost instead.
FIFO (First In, First Out) Inventory Management evaluates inventory to reduce the likelihood of business losses when products are phased out or discontinued. LIFO (last in, first out) inventory management is suitable for non-perishable goods and uses the current price to calculate the cost of goods sold.
Learn more about FIFO at
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Answer and Explanation:
As per the data given in the question,
Sum of the all mean value = 151
Average of the mean value = 151 ÷ 15 = 10.067
Similarly, Sum of the all given range = 151
Average of given range value = 151÷ 15 = 10.067
Control charts for the mean and the range, using the original 15 samples :
Upper control limit(UCL) - Lower control limit(LCL) for X bar is
= 10.067 + A2 × R bar
= 10.067 + (0.223 × 10.067)
= 12.31
LCL - UCL for X bar is
= 10.067 - A2 × R bar
= 10.067 -(0.223 × 10.067)
= 7.82
Set up the R-chart by specifying the center line and three-sigma control limits below :
UCLr = D4 × r
= 1.653 × 10.07
= 16.65
r = 10.067
= 10.07
LCLr = D3 × r
= 0.347 ×10.07
= 3.49
Answer:
option "C" is the correct answer for the following statement.
A knowledge-based approach.
Explanation:
The Knowledge-Based Approach. Information-Based Training is a method that includes trying to adapt hypotheses, knowledge, and customs from a wide range of scientific fields and implementing them whenever suitable for the training engagement.
There were several benefits to portraying information directly through rules: Development and preservation.
