Answer:
Gross profit= 131,500
Explanation:
Giving the following information:
Last quarter, RP Enterprises earned $220,000 in sales revenue and had $90,000 cost of goods sold (at standard). RP also experienced these variances: Materials price: $2,400 F Materials quantity: $1,400 U Labor price: $2,000 U Labor quantity: $1,000 F Overhead: $1,500 F
To calculate the cost of goods sold, we use actaul costs and quantity of direct labor and direct materials. Therefore, the only estimated cost is overhead.
Gross profit= 220,000 - 90,000 + 1,500= 131,500
Answer:
iiiikiopppoooooo1.6.1 suggest practical solutions on how any five of the youth risk behaviours which you have investigated can be addressed /reduced (10)
Answer:
Postponement warehousing,
Explanation:
Postponement warehousing, is form of warehousing that combines classic warehouse operations with light manufacturing and packaging duties to allow firms to put off final assembly or packaging of goods until the last possible moment.
hub and spoke, consists of one hub (central location), at which the warehouse is located and it is transported to different locations through routes called spokes.
assortment is a form of warehouse in which a wide array of goods are held close to the source of demand to ensure short lead time.
spot stocking refers to company's goods stocked in a small warehouse for easy access. Often done seasonally.
The balance in the cash account <u>decreases, </u>when a company incurs a cash expense.
<h3>What is cash expense? </h3>
In cash basis accounting, cash expense refers to the recording of expenses as they are paid directly in cash.
- Cash expense is recorded as the total costs less (minus) depreciation.
When a company incurs a cash expense, the balance in the cash account <u>decreases, </u> and the balance in the expense account increases.
Learn more about cash expenses here:
brainly.com/question/25530648
Answer:
d. Unlike monopolies and monopolistically competitive markets, oligopolies prices do not exceed their marginal revenues.
Explanation:
An oligopoly can be defined as a market formation where in a given sector of the economy there are only a small number of competing companies offering a product or service. Its structure is formed by imperfect competition (between monopoly and perfect competition).
The difference between monopoly and oligopoly is that the number of companies that the market has will set the price of products in an oligopoly market, whereas in the monopoly only one company dominates the market and therefore that company determines the price of the good, as it is a market without competition. Therefore, alternative D is the incorrect one.