Answer:
Raw materials
Explanation:
Raw materials refer to items that go into the production systems to produce other goods. They are substances or materials that are processed to make consumable or usable finished products. They include vegetables, flowers, crude oil, animal products, minerals, wood, resin, and latex.
Answer:
The first promotion = $140 x 25% = $35
= $140 - $35
= $105
The second time it is marked down, it is marked down 5% of that sale price, therefore = $105 x 5% = $ 5.25
= $105 - $ 5.25
= $99.75
The final promotion is 65% off the original price
= $140 x 65% = $91
=$140 - $91
=$49
The final selling price of the suit is therefore $49.
Answer:
Allocated MOH= $825
Explanation:
Giving the following information:
The company recently completed Job M800 which required 150 direct labor-hours.
<u>First, we need to calculate the predetermined overhead rate:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (90,000/50,000) + 3.7
Predetermined manufacturing overhead rate= $5.5 per direct labor hour
<u>Now, we can allocate overhead:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 5.5*150
Allocated MOH= $825
Answer:
Evaluation of competitors price
Explanation:
Shelly must benchmark her product's price against its direct competitors, how often they offer discounts or promotions, etc. She should also evaluate differences in product quality, and if possible, she should try to get information about her competitors' costs.
Are you offering a high quality, medium quality or low quality product? Is your price correct according to what the competition offers? Or is it too high or too low? If so, why is it too high? It it's too low, it is always easier to increase the price but decreasing it may b difficult.
Depending on what type of product you want to sell and the relationship that your company has with retailers, the distribution costs can affect your final price. For example, some companies make special deals with some retailers to give them exclusive rights to sell their products at a certain price that tends to be much lower than their competitors'.
