"An Inquiry into the Nature and Causes of the Wealth of Nations", or "The Wealth of Nations", written by Scottish economist and philosopher Adam Smith. One of the first collected descriptions of what builds a nation's wealth. Written at the beginning of the Industrial Revolution, it covers division of labour, productivity and free markets. Took 10 years to write with reference to 17 years of notes, based off of observations about economic and societal conditions. Offered more practical information for the time to replace mercantilist and physiocratic theories.
Answer:
C. $65,800
Explanation:
Fixed csot: those which do not change for a relevant range with the production output. They aer constant.
Factory insurance 21,000
Factory insurance 13,000
Factory manager's salary 10,800
Janitor's salary 5,000
Property taxes: <u> 16,000 </u>
Total Fixed Cost: 65,800
The direct materials and direct labor are variable cost as they drop to zero if no unit is produced.
Same goes with packaging cost, if no unit is produced then, no packagin is needed.
The amount of his monthly net cash flow is the best example of qualitative information
The choice usefulness, decision model approach to accounting theory plays a significant supportive role in the utilization of qualitative traits or qualities required for information. The attributes that make the data supplied in financial statements valuable to users are referred to as qualitative qualities.
Fundamental qualitative traits that are desired in accounting information are produced by the demand for accounting information from investors, lenders, creditors, etc. Accounting information has six distinct qualitative traits.
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Answer:
units
Explanation:
Units Unit Cost Total Cost
April 1 inventory 250 $28 $ 7,000
April 15 purchase 350 34 11,900
April 23 purchase 400 36 14,400
1,000 $33,300
Answer:
Month 1 = 5.3 Days
Month 2 = 4.9 Days
Month 3 = 3.9 days
Month 4 = 4.5 Days
Explanation:
The computation of throughput time for each month is shown below:-
Throughput time = Process time + Inspection time + Move time + Queue time
Month 1 = 0.7 Days + 0.6 Days + 0.6 Days + 3.4 Days
= 5.3 Days
Month 2 = 0.7 Days + 0.6 Days + 0.5 Days + 3.1 Days
= 4.9 Days
Month 3 = 0.7 Days + 0.4 Days + 0.4 Days + 2.4 Days
= 3.9 days
Month 4 = 0.4 Days + 0.6 Days + 0.8 Days + 1.7 Days
= 4.5 Days
Therefore for computing the throughput time for each month we simply applied the above formula.
