Answer:
$190.75
Explanation:
In this question, we are asked to use weighted average method to find the cost to which the 14 units sold is closest to.
We proceed as follows;
On April one, there were 9 items in the inventory with a cost of $13 per item. The total cost here would be 13 * 9 = $117
On April 18th, we had 15 items at $14 cost per piece which gives a total of 14 * 15 = $210
On April 29, 14 units were sold. We need to find the cost to which this was closest using the weighted cost approach.
The total costs for April 1 and 18 would be $117+ $210 = $327
The weighted average cost per unit on both dates is $327/24 = $13.625
The cost of 14 units sold would be = 14 * $13.625 = $190.75
Answer:
Wormwood limited
Production plan that will yield the least cost of $49,630 is shown in the attached document.
It entails maxing out the regular capacity from period 1 to 5, and using regular to produce only 140 units in period 6
It further entails using overtime to produce 10 units from period 1 to 5. And subcontracting only in period 4 to cover the demand/production gap.
This will keep inventory of 10 units in period 2, which is carried into period 3 and consumed in period 4.
Process departmentalization
Explanation:
Departmentalization
- An organization has separate departments based upon the different task each performs for the organization.
- Functional departmentalization - a manufacturing company may have a production department, sales and marketing department, an accounting department, and a human resources department.
- Product departmentalization - a company may have a wide range of products
- Customer departmentalization - a company may have different customer bases
- Geographical departmentalization - a company can hire employees to serve different customers from different geographical locations
- Process departmentalization - a company may have employees grouped into teams for a specific process
Answer:
An elastic demand curve will result in higher social surplus. Social surplus equals consumer surplus plus supplier surplus, or simply total surplus. The highest possible social surplus is reached at the equilibrium point.
If a product's demand is completely inelastic, the supplier can increase the price at will, reducing consumer surplus to minimum levels. If a product's demand is completely elastic, then consumer surplus increases while supplier surplus is directly related to shifts in the demand. Higher demand increases supplier surplus.
Answer:
B. Accurate prediction of honesty
Explanation:
Interviews are one of the most effective tools that human resource managers use to determine if a candidate is a match or not for a specific job. Flexibility is the key word here. That allows both the candidate and the interviewer, the possibility of understanding what are the skills needed for a certain job and if the candidate possesses them. When someone answers a test, you can tell if the candidate knows about the subject or not, but when he/she is interviewed, you can ask for more detail and examples that help clarify the candidate's ideas, expectations and capabilities. E.g. a candidate states that he/she knows how to use WordPress very well, and the interviewer can ask him/her about specific tasks to verify if that is true.
