Answer: Inventories and cost of goods sold.
Explanation:
Standard costing is used in accounting and it simply has to do with the substitution of the cost that's expected for a product with an actual cost when preparing financial statements.
The difference that's then between the actual costs and expected costs are then recorded as variance. It should also be noted that when a company prepares financial statements using standard costing, the items that are reported at standard cost will be Inventories and the cost of goods sold.
Answer:
benefit of staying relevant within the market
Explanation:
Based on the information provided within the question it can be said that this perspective that the Company has taken gives them the benefit of staying relevant within the market. This is because by providing gamers with new and great products, they are giving them exactly what they want which will in term increase sales/profits for the company as well as attention from potential customers.
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Answer:
$3,500
Explanation:
Under variable costing method, product costs are calculated on variable manufacturing costs only.
Step 1 : Determine unit Product Cost
Product Cost = Variable Manufacturing Costs
= $ 35
Step 2 : Determine the units in Inventory
Units in Inventory = Opening Stock + Production - Sales
= 0 + 7,210 - 7,110
= 100 units
Step 3 : Determine Inventory value
Inventory value = Units x Cost per unit
= 100 units x $ 35
= $3,500
Conclusion :
the ending inventory of finished goods under variable costing would be: $3,500
Answer:
The importance maxim just serves to make the business look good
.
Explanation:
- Throughout recent years, the once common image of ethics as individualistic, unchangeable and impervious to corporate pressures did not stand up to inspection.
- The stories of many Companies demonstrate the position that companies play in influencing the actions of people and that even sound moral fiber will crumble when too lean.
- Once presenting an enforcement program, administrators will speak of mutual trust, but staff often see a message from on high.
Answer:
Vulerability and Risk
Explanation:
Uncertainity is the vulnerability of an outcome and is not quantifiable whereas the risk is that the firm will be affected by an outcome which is quantifiable. So here the vulnerability of a system is its misconfiguration that has a loophole which would affect the firm and the hacker can hack these systems easily. Whereas the risk that the hacker will exploit the misconfiguration opportunity, such a hack using system misconfiguration is quantifiable and can be measured from past data and system configuration and security measures.
