Which section of a research article includes a description of exactly how the study was designed and conducted?

In January, Stitch, Inc. adopted the dollar-value LIFO method of inventory valuation. At adoption, inventory was valued at $50,0

IgorC [24]

Answer:

$83,000

Explanation:

Calculation of the amount of inventory that Stitch should report in its year-end balance sheet

First step is to calculate for the 10% price increase

Increase price = ( $30,000 x 10% ) =$3,000

Second step is to add up the price increase to the amount of increase in inventory

$30,000 + $3,000 =$33,000

Hence, $33,000 will now be the increased in price inventory

Last step is to calculate for the amount of inventory that Stitch should report in its year-end balance sheet

Using this formula

Inventory to be reported = Valued of the Adoption inventory + Increase price Inventory

Where,

Adoption inventory value= $50,000

Increase price Inventory=$33,000

Let plug in the formula

Inventory to be reported = $50,000 + $33,000

Inventory to be reported =$83,000

Therefore the amount of inventory that Stitch should report in its year-end balance sheet will be $83,000

5 0

4 years ago

The manager provided the following information. Direct manufacturing labor hours: 2,400 hours Actual units produced: 12,000 unit

Naya [18.7K]

Answer:

Labor efficiency variance = $5,760 (Favorable)

Explanation:

We know,

Labor efficiency variance = (Standard hour - Accrual hour) × Standard rate

Given,

Accrual hour = 2,400

Standard hour = Budgeted direct manufacturing labor hours × Actual units produced

or, Standard hour = 0.22 × 12,000

Standard hour = 2,640 hours.

Standard rate = $24.

Putting the values into the formula, we can get

Labor efficiency variance = (2,640 - 2,400) hours × $24

Labor efficiency variance = 240 × $24

Labor efficiency variance = $5,760 (Favorable)

As standard hours is higher then actual hours, it is a favorable situation.

7 0

3 years ago

When Hope Springs Water Co. was looking to complete the _________ phase of the new product development process, the company coul

guajiro [1.7K]

Answer ldea generation

Explanation:

The continuous generation of idea will make the firm relevant in the market, meets customers expectations which translates to higher demands and profitability . Ceteris paribus ( all things been equal)

.ly reason why goods are produce is because there will be demand for it, customer input will give more clarity of prospective demands.

4 0

3 years ago

Compute conversion costs given the following data: Direct Materials, $386,100; Direct Labor, $200,100; Factory Overhead, $220,30

zloy xaker [14]

Answer:

Option (A) is correct.

Explanation:

Given that,

Direct Materials = $386,100

Direct Labor = $200,100

Factory Overhead = $220,300 and,

Selling Expenses = $39,500

Conversion costs = Direct labor + factory overhead

= $200,100 + $220,300

= $420,400

Therefore, the conversion costs for the company is $420,400.

8 0

4 years ago

A machine can produce 2,500 products per hour. If 37 of those products were defective, what is the defect rate per hour for the

daser333 [38]

The defective rate per hour for a machine is 0.0148 or it can be said that the defective rate per hour for a machine is 1.48%.

<h3>What is the defective unit?</h3>

A unit is considered faulty if it has one or more flaws. The quantity of defective units is typically counted during inspections. Many people prefer to use the word "nonconforming units" to make it clear that just because a unit doesn't satisfy the requirements doesn't mean it is ineligible for use.

Given,

Total Production per hour = 2500

Defective unit per hour = 37

Calculation of Defective units rate per hour = Defective unit per hour divided by the Total Production per hour and multiply by 100.

Defective Unit rate per hour = 37 x 100/2500 = 1.48%

Thus, the defective unit per hour rate is 1.48% or 0.0148. The quantity of defective units is typically counted during inspections.

Learn more about Defective Unit here:

brainly.com/question/15698853

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4 0

2 years ago