Explanation: A well-documented procure-to-pay process:
Creates a frictionless environment where your employees get what they need without uncertainty. ...
Ensures consistent oversight into purchases and adherence to budgets and departmental prerequisites.
Reduces risks of ordering from unknown suppliers or making out-of-process, unsanctioned purchases
It increases visibility, reduces redundancy, and allows finance to track, analyze, and forecast spending
P.s hopes this helps!
Answer:
Assigned cost= $16,080
Explanation:
Giving the following information:
Wicker baskets are produced in batches of 100 units.
Wooden slat baskets are produced in batches of 50.
Setup is required for each batch. During the most recent accounting period, the company made 8,000 wicker baskets and 2,000 wooden slat baskets. Setup costs amounted to $24,000 for the baskets produced during the period.
First, we need to determine the number of batches.
Wicker= 8000/100= 80 batches
Wooden= 2000/50= 40 batches
Proportion of batches= 80/120= 0.67
Assigned cost= 24000*0.67= $16,080
Answer:
$1,050,000
Explanation:
Budgeted purchases= coats in inventory + budgeted sales- Beginning inventory expected coats
Budgeted purchases = 6,000 + 12,000 - 4,000 = 14,000 suits
14,000 suits x $75/suit = $1,050,000
Therefore the dollar amount of the purchase of suits if each coat has a cost of $75 is $1,050,000
