A risk assessment grid is used to describe the overall process or method where you: identify hazards and risk factors that have the potential to cause harm. You also analyze and evaluate the risk associated with that hazard.
(Ex: Qualitative and Quantitative)
A cost that remains unchanged in total despite variations in the volume of activity within a relevant range is a fixed cost. The fixed cost is a type of cost behavior which remains unchanged regardless of the unit or activity changes in a production process<span>. There are four types of cost behavior, which are the fixed cost, the variable cost, the mixed cost, and the step cost.</span>
Answer and Explanation:
The computation of projected sales for 2019 by quarter and in total is shown below:-
Base sale amount Increase sale Quarter of projected
percentage sales
Quarter 1 $20,000
Quarter 2 $20,000 5% $21,000
Quarter 3 $21,000 5% $22,050
Quarter 4 $22,050 5% $23,152.5
Total $86,202.5
Here, we have increased 5% every quarter to reach quarter of projected sales.
The computation of XCs to be produce is shown below:-
Budgeted XCs to be produced + Desired ending inventory Available - opening finished inventory
= 1,400 + (900 × 60%) - 300
= 1,400 + 540 - 300
= 1,940 - 300
= 1,640
