Answer:
The correct answer is B
Explanation:
ERP stands for Enterprise Resource Planning is the process that is used by the companies in order to integrate and manage the vital parts of their businesses.
It is a software system which also integrate sales, human resources, purchasing inventory and finance. It provides the advantage of creating or establishing the commonality of the database.
A stock-market boom stimulates consumer spending by $550, and there is a small operative crowding-out effect.
Option A
<u>Explanation:
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Increasing consumption, i.e. further consumer spending, will result in increased overall demand for goods and services. Therefore, if spending decreases, i.e. if interest rates decline, demand will increase with development in technologies and increase output. And demand is going to rise.
The rate of interest is falling, resulting in a higher real balance for the economy. This boosts aggregate demand, which improves revenue and spending efficiency. Often, the demand curve will change left if the money supply declines.
Effect of increasing public spending, Increased government budgets are likely to increase total demand (AD).
Answer:
Amount allocated to cost of goods sold = $2,520
Explanation:
Total inventory held during the complete month.
Beginning = 33 units @ $21 = $693
7 July = 116 units @ $22 = $2,552
22 July = 17 units @ $24 = $408
Closing inventory = 53 units.
Under LIFO method, there is sale of inventory which was last bought or purchased.
Here, as per LIFO,
Total units = 33 + 116 + 17 = 166 units.
Units in closing inventory = 53 units.
That means, 33 units from opening and 20 units from purchases made as on 7 July
33 units @ $21 = $693
20 units @ $22 = $440
Total carrying value of closing inventory = $1,133
Therefore, amount allocated to cost of goods sold = 17 units @ $24 and 96 units @ $22
= $2,520
Answer:
XOXO
1. Predetermined Manufacturing Overhead (MOH) rate = estimated overhead divided by total direct labor = $4,600/460 = $10 per direct labor
2. Analysis of cost per set for Job 12:
Raw materials:
Electronic parts: 40 units at $20 per unit = $800
Plastic: 10 kilograms at $10 per kilogram 100
Labor hours: 60 hours at $25 per hour 1,500
Manufacturing overhead applied $10 per 600
labor hour
Total Cost $3,000
Divided by 30 sets = $100 per set
Explanation:
The manufacturing overhead rate is the rate at which overhead will be charged to the jobs completed as part of the cost of production. As an estimate, it can be overapplied or underapplied.
