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Marta_Voda [28]
3 years ago
6

A company has a beginning inventory of​ $50,000 and purchases during the year of​ $150,000. The beginning inventory consists of​

3,000 units and​ 8,000 units were purchased during the year.​ 3,780 units remain in ending inventory. The cost of the ending inventory using the average minus cost method will​ be: (Round any intermediary calculations to two decimal places and your final answer to the nearest​ dollar.)
Business
1 answer:
myrzilka [38]3 years ago
8 0

Answer: $66,938

Explanation: The beginning inventory is calculated thus:

$50,000 / 3000 units = $16.67

while the purchases during the period is:

$150,000 / 8000 units = $18.75

Ending inventory value using average minus cost method is thus:

Ending inventory= 3,780

Average cost = $16.67+18.75= $35.42

Cost of ending inventory = $35.42/2=17.71

Ending inventory cost = $17.71 * 3,780=66,938

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Varvara68 [4.7K]

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7 0
3 years ago
Why are business office established​
madam [21]

Answer:

Mark me Brainliest

Explanation:

A business office is one which is established by the individuals or governments for the production and distribution of goods and services with a view of earning money by satisfying the consumers.

4 0
3 years ago
MW Company manufactures down-filled comforters and uses an activity-based costing system. During the current period, the company
Scilla [17]

Answer:

MW Company

Activity rate for order process = $54,120/660

= $82 per order

Explanation:

a) Data and Calculations:

Production = 16,500 units

Direct labor = 19,800 hours

Machine hours = 21,450 hours

No. of orders = 660

No. of shipments = 165

Order-processing cost pool = $54,120

Shipping cost pool = $14,025

Assembly cost pool = $71,280

Activity rate for order process = $54,120/660

= $82 per order

b) MW Company uses an activity-based costing system to identify its activities into cost pools and assign the cost of each activity pool to the products and services according to their actual consumption of the activities.  The activity-based costing technique provides a more accurate method for determining the costs of products and services.  As a more accurate method for pricing decisions than other traditional methods, activity-based costing technique increases management's understanding of overheads and cost drivers and makes activities that are costly and non-value adding to become more visible, allowing managers to reduce or eliminate them, because these activities add costs to the production system.

3 0
3 years ago
After his annual performance appraisal, Joe was disappointed with his 5 percent increase in pay, compared to the 10 percent incr
7nadin3 [17]

Answer:

Setting specific goals

Explanation:

Because Joe was dissatisfied with his 5 percent rise in pay as opposed to his colleagues '10 percent raise and plus he is not informed of the minimum standard.

So for improving the performance he should set his specific goals so that he should accomplish the company goals and objectives due to which he will get the appraisal next time

7 0
3 years ago
Vertical disintegration occurs when a company: a. uses its capital resources to purchase its competitor. b. takes advantage of a
Marizza181 [45]

Answer:

b. takes advantage of another company it does business with after the other company has made a substantial investment in assets to meet the needs of the company.

Explanation:

Vertical disintegration occurs when a company takes advantage of another company it does business with after the other company has made a substantial investment in assets to meet the needs of the company.

A common or popular example of vertical disintegration is Hollywood because it comprises of specialized business firms that are saddled with the responsibility of performing specific tasks or services such as creating movie trailers, posters, editing, sound effects, special effects, lighting, etc.

Generally, vertical disintegration help business firms or organizations to share risk associated with doing business among themselves.

5 0
3 years ago
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