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soldier1979 [14.2K]
3 years ago
14

In the context of purchasing systems involved in the traditional transaction processing systems, when a(n) _____ arrives from a

supplier, it is matched to the original order and the receiving report, and a check is generated if all data is complete and consistent.
Business
1 answer:
Degger [83]3 years ago
7 0

Answer:

Product

Explanation:

  • In a purchase system the involvement of the traditional transactions takes place as when the product or item arrives to form a supplier its matched to the original order of the referring report which is then sent to the department for checking the content and the report generated is in the inventory  
  • Of the list of items the vendor dispatches and later on checks the consistency of the product. An assessment report is made for the system and the result is compiled in the database management system.
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Larkspur, Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 80 units were sol
disa [49]

Answer:

Explanation:

Date     Unit    Unit cost    Total       Goods sold     Cost   Total

May 1    28         9                252              28                9       252

May 15  26        10               260              26                10      260

May 24 39         11                 429             26               11        286

Total      93                             941              80

1) Weighted average unit cost = 941/93 = $10.118

FIFO method

2)Ending inventory  (93-80)*11 =$ 143

FIFO method assumes that the first set of inventory are the first to be sold

LIFO method

LIFO assumes that the last set of inventory are the first to be sold

    Goods Sold       Cost     Total

            39                  11       429

            26                  10      260

             15                  9         135

Ending Inventory = (93-80)*9 = $117

Average Cost Method

Ending Inventory = 13 * 10.118 =$131.534

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2 years ago
Bayest Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead
Ivanshal [37]

Answer:

The correct answer is option (b).

Explanation:

According to the scenario, computation of the given data are as follows:

first we calculate the predetermined OH, then

Predetermined OH rate = Estimated Manufacturing OH Cost ÷ Estimated Direct Labor Hours

= $451,140 ÷ 61,800

= 7.3

So, Applied MOH = 60,500 × 7.3 = $441,650

So, Underapplied OH = Actual MOH - Applied MOH

= $532,000 - $441,650

= $90,350 (under applied)

6 0
3 years ago
What is the drawback of carrying more inventory than is needed?
lbvjy [14]

Answer:

One of the most important disadvantages of excess inventory is the loss of revenue. Products depreciate over time and lose their initial value. So the longer you hold a product, the cheaper it gets.

7 0
3 years ago
Read 2 more answers
Output range with increment of 10 5.15.1: Output range with increment of 10 Write a program whose input is two integers, and who
kvasek [131]

Answer:

// Program is implemented using Coral Programming Language

int X

int Y

int Sum

Put "Enter any two numbers" to output

x = Get next input

Y = Get next input

if Y < X

Put "Second integer can't be less than the first" to output

else

for Sum = X; Sum <= Y; Sum = Sum + 10

Put Sum to output

Explanation:

The above program is written using Coral Programming Language

The first line is a comment

The next 3 lines declares 3 integer variables

Which are X, Y and Sum

X and Y represent the two input numbers as seen on line 6 and 7

X, being the first and Y being the second

Line 8 tests the larger of the two numbers

If Y is less than X, the output is "Second integer can't be less than the first" without the quotes

Else

The last two lines perform iterative operations that assigns the addition of 10 and X to Sum

It continues printing sum as long as sum is less than the value of Y.

8 0
3 years ago
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