The answer is: Pareto chart
Pareto chart is the combination of line and bar graphs. This type of chart is usually used to present data with frequency of nonoccurence and unite measurement at the same time.(frequency of accidents and number of factors that cause the accidents. )
Other than that, Pareto chart is also commonly used in quality control or searching the highest cause of defects.
Answer:
a) Removal of unwanted buildings
d) Brokerage commission
e) Survey fees and legal fees
f) Purchase price
Electricity consumed in the manufacturing process is inventoriable cost per unit using variable costing.
Variable costing is that concept which is used in managerial and cost accounting. In this type of costing the fixed manufacturing overhead is excluded from the product-cost of production.
The method contrasts with absorption costing, in which the fixed manufacturing overheads are allocated to products which are produced. In accounting frameworks such as GAAP and IFRS, variable costing cannot be used in financial reporting.
Although accounting frameworks such as GAAP and IFRS prohibits the use of variable costing in financial reporting, this costing method is commonly used by managers.
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Answer:
$986.39
Explanation:
Given :
Value of items in inventory :
(7 * $52) + (19 * $53) + (25 * $28) + (18 * $65) = $3241
Number of items in inventory :
(7 + 19 + 25 + 18) = 69 units
Weighted average inventory cost :
$3241 / 69 = $46.971014
Number of commodity in hand at year end = 21 units
Amount of inventory at year end using average costing method :
Number of commodity * Average inventory cost
(21 * $46.971014) = $986.39
The amount of inventory at the end of the year according to the average costing method is $986.39
True. A monopolist does not face the same constraints as an open or free market but instead is bounded by the consumers' demand for its products. Therefore, the firm's decision about how much to supply is directly related to its demand curve because they can produce as much or as little as the consumes demand.