Answer:$2
Explanation:
A company normally is expected to value it's inventory at the lower of cost or net realisable value. The cost price is the price on purchase of the inventory while the net realisable value is selling price less cost of sales and cost to completion.
The amount of the lower cost of market adjustment the company must make, is the difference between the new selling price of $15 and net realisable value of $13 which is $2.
I believe the answer is: Business strategy should drive IS decision making
Decision making process is created in order to ensure the business take up the correct approach to fulfilling its goals. Making sure that the decision fit the strategy is extremely beneficial because it would does not require many adjustment that throw the employees off their work flow.
Answer: Option A and B
Explanation: The given case relates to the law of supply.
As per the law of supply, the price and the quantity supplied of a good or service are positively related to each other. However there are other factors also which affects the demand such as the cost of production.
If the price of a commodity rises or its cost of production decreases then the profit margin of it increases for the supplier. This increased margin works as an incentive to produce and supply more to the market.
Hence the correct option is A and B.
Answer:
(1)
Compute the direct materials price and quantity variances. (Round your answers to 2 decimal places.)
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Explanation:
(1)
Standard quantity 30,060 units × 1/2 pound per unit = 15,030 pounds
(2)
Standard hours 30,060 units × 1/6 hour per unit = 5,010 hours
Actual rate per hour = $106,656/5,555 hours = $19.20
Explanation: