Answer:
58,500
Explanation:
Given the information above, the formula for Inventory loss is
Inventory loss = Opening inventory + Purchases - Cost of sales
Where,
Cost of sales = $432,000 × 100 ÷ 160
=$270,000
Since opening inventory = $153,000
Purchases = $175,500
Therefore,
Inventory loss = $153,000 + $175,500 - $270,000
= $58,500
Answer: C. Work in Process Inventory.
Explanation:
When Raw Materials are purchased they are simply put into the Materials Account.
When the company needs to start working on them however, they will transfer the raw materials to the Work in Progress account which records the Direct Materials and Direct Labor that are used in the Production process. By Debuting this account they indicate that the materials in it have increased.
Answer:
c. $1,600
Explanation:
Using high low method we have
Highest cost = $75,000 for 29,000 hours in the month of February.
Lowest Cost = $52,200 for 20,000 hours in the month of January.
Variable Cost per unit = 
Or
$52,200 = 20,000 V + F
$75,000 = 29,000 V + F
$22,800 = 9,000 V
$2.53 = V
20,000 V = $50,600
$52,200 - $50,600 = $1,600
Fixed Cost = $1,600
The category of physical infrastructure management that provides resources that are necessary for the internal customer is the Resource Capacity Management
<h3>What is
Resource Capacity Management?</h3>
This refers to the definition of the work that is meant to be done by a person and carefully allocating resources necessary to complete the tasks.
Hence, we can see that in physical infrastructure management, there is the allocation of resources that helps one to use the right resources at the right time and proper measure and this is the Resource Capacity Management.
Read more about Resource Capacity Management here:
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Household spending on goods and services is known as consumption spending.
Explanation:
Consumption spending is the purchasing of goods and services by individuals or families. At the macroeconomic point, it is the bulk of aggregate demand. Household spending is the amount resident households pay for end-consumption spending to meet their daily needs.
Consumer spending is the overall money that individuals and households spend on the final goods and services for personal use and pleasure in an economy. Consumer spending is a major economic driving factor and a central principle in economic theory.