Answer:
a. is always the middle value of replacement cost, net realizable value, and net realizable value less a normal profit margin.
Explanation:
As we know that inventory will be recorded at cost or market value whichever is lower. But in the given case, the replacement cost would be recorded at higher values and lesser values. Higher values represent the Net realizable value whereas the lesser values represent the net realizable value less than the normal profit margin.
And if the replacement cost lies in this range than it represents the designated market value.
Hence, option a is correct.
This transaction is called account allowance. Account allowance
includes two kinds of transactions – to reduce in the folio balance
compensation for poor service and the other one is to correct posting mistakes
after the close of business. This kind of transaction is recognized by the usage
of an allowance voucher, allowance vouchers are typically necessitate
management endorsement.
Answer:
Predetermined manufacturing overhead rate= $50 per machine-hour
Explanation:
Giving the following information:
Estimated overhead costs= $3,400,000 for indirect labor
Estimated overhead costs= $850,000 for factory utilities.
85,000 machine hours are planned for this next year
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (3,400,000 + 850,000) / 85,000
Predetermined manufacturing overhead rate= $50 per machine-hour
<span>a. allowing top managers to make decisions, because the other 3 answers could all fall under the first answer. organizations are designed from top down. This makes a. the best answer.</span>
Answer:
The answer is a. Organizational behavior
Explanation:
Organizational behavior simply put, is the academic study of how a group of people act within an organization. The results are then utilized to make the organization operate more effectively.
Organizational behavior studies can cover areas such as job performance, job satisfaction, innovations, and leadership within an organization. The goal is simply to see how these areas can be improved, which will then lead to organizational growth.
Organizational behavior is therefore proactive in nature and serves to improve the situations for a person, group of persons, or organization.
