Answer:
Value of the ending inventory is $ 16,340
Explanation:
<em>The variable costing method is also known as the </em><em>marginal costing method,</em><em> under this method production units and inventories are valued using the variable cost per unit.</em>
Variable cost per unit = D. Material cost+ Direct labour cost + Variable Overhead
To value the closing inventory of the company, we follow the steps below:
Step 1
<em>Calculate the variable cost per unit</em>
= $13.10 + $4.10 = $17.2
Step 2
<em>Calculate the closing inventory</em>
Closing inventory = Opening Inventory + purchases - Sales
= 0 + 5,100 -4,150 = 950 units
Step 3
<em>Value the closing inventory</em>
= VC/unit × units
= $17.2 × 950
= $ 16,340
Value of the ending inventory is $ 16,340
Answer:
"D"
Explanation:
Daniel belongs to the <u>Marketing</u> department of Striking.
what do economies of scale, the ownership of essential raw materials, and patents have in common? They are all barriers to entry.
Materials or substances used in the initial stages of producing or manufacturing items are known as raw materials. On commodity exchanges around the world, raw materials are commodities that are purchased and sold. Since raw materials, like labor and capital, are factors of production, traders buy and sell them on the factor market.
Various sorts of raw materials can be employed in a wide range of goods. The inventory or input commodities that a business needs to make its products are known as raw materials. For instance, a car manufacturer would employ steel used in the construction of vehicles as a raw material.
Learn More About raw materials:
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Answer:
B. Sarbanes-Oxley
Explanation:
The Sarbanes-oxley act also know as Public company accounting reform and investor protection Act and Corporate and Auditing Accountability, Responsibility, and Transparency Act is a US Federal law that cracks down on corporate fraud. The act gave protection to whistleblowers and strengthened the independence and financial literacy of corporate boards.
The Act mandates archiving business documents and relevant internal communication, including e-mail and instant messages to guard against destruction of evidence to impede a federal investigation.
Answer: D. U.S. Treasury securities and Discount loans to banks.
Explanation: When examining the Fed's balance sheet, in most periods, the two most important assets are U.S. Treasury securities and Discount loans to banks. The Fed's balance sheet balance sheet includes a large number of distinct assets and liabilities containing a great deal of information about the scale and scope of its operations. Of these assets the U.S. Treasury securities and Discount loans to banks are paramount.
U.S Treasury securities are such as bills, notes and bonds issued by the U.S. government viewed as having virtually no credit risk. As such, they are debt obligations of the U.S. government.
Discount loans to banks are direct short term loans provided to banks by the Fed to meet temporary shortages of liquidity caused by internal or external disruptions.
