Answer:
Total Inventory 250,590
Explanation:
We have to pick the lowest price between the istoric cost (FIFO method) and the market value of the goods)
units x lowest
Adams 100 x 125 = 12,500
Coolidge 375 x 90 = 33,750
McKinley 220 x 60 = 13,200
Garfield 900 x 115 = 103,500
Lincoln 626 x 140 = <u> 87,640</u>
Total Inventory 250,590
Answer:
The answer is: B) sustainability
Explanation:
Sustainability refers to meeting today's needs without compromising or jeopardizing the future generations' ability to fulfill their needs. Sustainability focuses on three main areas:
- economic: support long term economic growth
- environmental: protect and maintain environmental resources for future generations
- social: develop organizations and communities that meet the needs of current and future generations
Answer:
Allocated MOH= $2,450,000
Explanation:
Giving the following information:
The predetermined overhead rate is $10.00/DLH
Actual direct labor hours= 245,000 direct labor hours
We were provided with the predetermined overhead rate, we need to allocate overhead to the period based on actual direct labor hours:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 10*245,000
Allocated MOH= $2,450,000
Answer:
Direct material quantity variance
= (Standard quantity - Actual quantity) x Standard price
= (27,600 - 28,100) x $2.40
= $1,200(A)
Standard quantity
= 3 square feet x 9,200 units
= 27,600 square feet
Explanation:
Direct material quantity variance is the difference between standard quantity and actual quantity used multiplied by standard price.
Standard quantity is obtained by multiplying the standard quantity per unit ( 3 square feet) by actual units completed (9,200 units).
