Inventory depreciation due to theft, damage or obsolescence discovered during the physical count of inventory at the end of the accounting period is recorded with a decrease in inventory only in the perpetual system.
Depreciation Inventory is defined as the difference between the amount of inventory listed on the books and the actual inventory that is physically present; Such depreciation usually occurs due to theft, damage, or miscalculation.
If you own your own retail business, you may face theft, shoplifting, or other forms of fraud, leading to unexpected inventory losses. Loss of inventory is a huge problem for any business that carries physical goods. Without control and monitoring, there is no way to track down the root cause of inventory shrinkage in your business.
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Answer:
4,444.44 units
Explanation:
For the computation of Number of units to be sold to earn target profit first we need to follow some steps which are shown below:-
Selling price per unit = Sales ÷ Number of units sold
= $300,000 ÷ 5,000
= $60
Variable cost per unit = Total variable cost ÷ Number of units sold
= $180,000 ÷ 5,000
= $36
Increase in selling price = $60 × 5%
= $3
New selling price per unit = $60 + $3
= $63
New contribution margin per unit = New selling price per unit - Variable cost per unit
= $63 - $36
= $27
Number of units to be sold to earn target profit = (Fixed cost + Target profit) ÷ Contribution margin per unit
= ($90,000 + $30,000) ÷ $27
= $120,000 ÷ $27
= 4,444.44 units
Answer:
It is the Cost of Goods Manufactured that should be transferred to the Finished Goods account. As both of them are asset account, adding to the Finished Goods account would debit it and taking from the Work in Process account would credit it.
Date Account Title Debit Credit
XX-XX-XXX Finished Goods $1,469,000
Work in Process $1,469,000
Answer:
a. What are the maximum and minimum cycle times?
The maximum cycle time is 60 minutes and the minimum cycle time is 2.4 minutes.
b. How much daily output will be achieved by each of those cycle times?
Daily output = CT = A/R
For max CT = 480/60 = 8 units per day
For min CT = 480/2.4 = 200 units per day.
2. In problem 1, suppose the line is balanced using 14 workstations and a finished product can be produced every 4.5 minutes.
a. What is the production rate in units per day?
CT = A/R or 4.5 = 480/R or R = 106.66 units/day
b. What is the assembly-line efficiency?
Efficiency = 60/[4.5(14)] =0.95 or 95.2% percent efficiency.
Answer:
They will be less likely to rent an apartment and more likely to own a home. A product whose demand falls when income rises, and vice versa, is called an inferior good. In other words, when income increases, the demand curve shifts to the left.
For normal economic goods, when real consumer income rises, consumers will demand a greater quantity of goods for purchase. ... When nominal income increases without any change to prices, this means consumers can purchase more goods at the same price, and for most goods, consumers will demand more.
Explanation:
