Answer:
Explanation:
Perpetual inventory system is an inventory management system that records the real time transaction of inventory through a continuous tracking of movement by technology .
In periodic inventory system , inventory update are made on a periodic basis , and as such is less efficient when compared to the perpetual method.
The four known methods of inventory valuation are weighted average , First -in-first-out , Last -in - first-out , weighted average and the specific identification method
Answer:
cost of goods available for sale: $ 5,300
cost of goods sold : $3,500
ending inventory : $7,100
Explanation:
FIFO is an Inventory Management System that Sales the Oldest Stock first followed by the recent stock acquired.
cost of goods available for sale:
January 1 : 350×$4.00 = $1,400
January 8: 650×$6.00 = $3,900
Total $ 5,300
cost of goods sold :
January 9 and January 28 : 350 × $4.00 = $1,400
: 350 × $6.00 = $2,100
Total = $3,500
ending inventory :
January 31 : 300 × $6.00 = $1,800
: 760 × $7.00 = $5,300
Total = $7,100
Answer:
For the first multi choice, I think the answer is `whether or not there is enough competition to keep prices low and quality high'
For the second multi choice, I think the answer is `the market is failing to compensate those who are impacted by the sale of goods and services`
Answer:
A sustainable competitive advantage.
Explanation:
A sustainable competitive advantage occurs when there are differentials in your products or services that attract and retain customers. Through sustainable actions, differentiation through good practices that help reduce environmental impacts, it is possible for the company to gain competitive and economic advantages, as it translates to the consumer concepts of value and quality. This is the case with Smarty Tots, which manufactures children's clothing with a non-irritating, non-allergenic fabric different from its competitors and even at a higher price sells exceptionally well.
Answer:
The correct answer to the following question is option C) $1800.
Explanation:
Given information -
Product sales - 1000 units
Sales price - $10
Variable manufacturing cost - $5.50 per unit
Fixed manufacturing overhead - $1200
Variable selling and administrative costs - $.50 per unit
Fixed selling and administrative cost - $1000
Units produced - 1200 units
Manufacturing contribution per unit = Sales price per unit - Variable
manufacturing cost per unit
= $10 -$5.50
= $4.50
Manufacturing contribution margin -
Number of units sold x manufacturing contribution per unit
= 1000 x $4.50
= $4500
While the contribution margin per unit -
$4.50 - $.50
= $4
which means the total contribution margin would be 1000 x $4
= $4000
And now subtracting Fixed manufacturing overhead and Fixed selling and administrative costs from the total contribution margin to get the operating income -
$4000 - $1200 - $1000
= $1800
