All categories

3 years ago

________ is the process of receiving, storing, handling, and tracking of everything in a company's stock.

1 answer:

eduard3 years ago

4 0

The answer is inventory control.
Inventory control is the process of receiving, storing, handling, and tracking of everything in a company's stock.
Inventory frequently makes up a substantial part of an operational expense's and therefore, proper inventory management is an approach to minimize expenses while guaranteeing that every single vital material are in stock and put away in the correct spots. The systems which are used for managing inventory are:Inventory control Reserve stock system and just-in-time (JIT) inventory

You might be interested in

The Custom Van Corporation currently employs 200 workers. At that level of employment, the average product of labor is 10 Custom

emmasim [6.3K]

Answer:

A reduction in average product by 0.01

Explanation:

Current number of workers = 200

Average product of labor = 10 Custom Vans per worker per week

Average product is given as : TP/N

Where TP is the total product and is Unknown, N is the number of workers and it is equal to 200.

Therefore TP = 200*10 = 2000

Marginal product (MP) of labour = 8 custom vans per worker per week.

Hiring additional worker will increase total product (TP) by 8.

New average product = (2000+8)/(200+1) = 2008/201

New AP = 9.99

So hiring an additional product will reduce average product by 0.01

3 0

3 years ago

Which terms will make the following statement true? When manufacturing overhead is overapplied, the Manufacturing Overhead accou

kupik [55]

Answer:

Answer is a) debit, actual

Manufacturing Overhead account has a debit balance and applied manufacturing overhead is greater than the actual manufacturing overhead

Explanation:

Overheads are applied to product costs using budgeted overhead rates. Budgeted rates are used because the delays in obtaining actual overhead affects timeous product valuation for profit purposes

Over applied situation occurs when the applied overheads exceeds the actual manufacturing overhead.

The Manufacturing Overhead Account will have the following entries:

Transfer to work in Progress figure - credit (with applied overheads)

Bank - debit (actual overhead)

Balancing figure or shortfall - debit (over-applied)

8 0

3 years ago

Which of the following is NOT an essential element of a contract for the purchase of a one- to four-family residential resale pr

Lyrx [107]

Answer:

a) Competent parties

Explanation:

This is not an essential element of such a contract because basically we would not expect a minor to be involved in a transaction of a four-family residential resale property.

Remember, competent parties contract requirements are that the two parties in the sale contract should be persons legally and mentally capable of entering into contracts that is enforceable by law.

5 0

4 years ago

How to calculate how much taxes come out of paycheck

Colt1911 [192]

If you'd like to calculate the overall percentage of tax deducted from your paycheck, first add up the dollar amounts of each tax withheld. Divide the total of your tax deductions by your total, or gross, pay. Multiply the result by 100 to convert it to a percentage.

6 0

3 years ago

The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal y

Alexxx [7]

Answer:

Rordan Corporation Direct Labor Budget

1st 2nd 3rd 4th

Quarter Quarter Quarter Quarter

Direct labor time per unit (hours) 0.35 0.35 0.35 0.35

Total direct labor hours needed 2,800 2,275 2,450 2,625

Regular hours 2,600 2,600 2,600 2,600

Overtime hours 200 0 0 25

Wages for regular hour $31,200 $31,200 $31,200 $31,200

Overtime wages 3,600 0 0 450

Total direct labor costs $34,800 $31,200 $31,200 $31,650

Explanation:

a) Data and Calculations:

Rordan Corporation

Quarterly production forecast for the upcoming fiscal year:

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter

Units to be produced 8,000 6,500 7,000 7,500

Direct labor hours 2,800 2,275 2,450 2,625

Regular hours 2,600 2,600 2,600 2,600

Overtime hours 200 25

Wages for regular hour $31,200 $31,200 $31,200 $31,200

Overtime wages 3,600 0 0 450

Total direct labor costs $34,800 $31,200 $31,200 $31,650

Each unit requires 0.35 direct labor-hours, and direct laborers are paid $12.00 per hour.

Regular wages = $2,600 * $12 = $31,200

Overtime wages = 200 * $12 * 1.5 = $3,600

6 0

3 years ago