Best practices help inventory managers control their inventory. Which of the following is an inventory management best practice?

The Chilton Corporation specializes in manufacturing one type of desk lamp. Chilton allocates variable manufacturing overhead co

docker41 [41]

Answer:

Variable manufacturing overhead rate variance = 80,000 favorable

Explanation:

Given:

Overhead rate variance = $1.70 per hour

Total machine hour = 160,000 hour

Actual overhead costs = $192,000

Find:

Variable manufacturing overhead rate variance

Computation:

Variable manufacturing overhead rate variance = [Standard overhead rate - Actual overhead rate]Actual hour

Variable manufacturing overhead rate variance =[1.7 - (192,000 / 160,000)]160,000

Variable manufacturing overhead rate variance = [1.7 - (1.2)]160,000

Variable manufacturing overhead rate variance = [0.5]160,000

Variable manufacturing overhead rate variance = 80,000 favorable

6 0

2 years ago

The Richmond Corporation uses the weighted-average method in its process costing system. The company has only a single processin

jekas [21]

Answer:

$142,524

Explanation:

The computation of the total cost assigned to the ending work in process

inventory is shown below:

As we know that

Total cost = Material + Labor

where,

Material = 21,400 units × 100% × $3.60 = $77,040

And,

Labor = 21,400 units × 60% × $5.10 = 65,484

So, the total cost is $142,524

We simply added material and the labor cost according to their completion percentage and its cost per equivalent units

7 0

3 years ago

Good corporate citizens A. go beyond meeting society's expectations for ethical strategies and business behavior by fostering so

OlgaM077 [116]

Answer: A. go beyond meeting society's expectations for ethical strategies and business behavior by fostering social benefit and balancing the interests of all

Explanation:

Good Corporate Citizens care about the integrity of the Business world and the trust people should have in it.

To then it is imperative that they help foster social benefits as well as financial benefits for all to partake in and enjoy from.

3 0

2 years ago

I dont know srh wd g5h h br5h5h5eb gb h5r c4 4 r 34efj 4gtr 243er

nataly862011 [7]

Answer:

Explanation:

Yes

5 0

3 years ago

Read 2 more answers

Which of the following statements about steering needed resources to execution-critical value chain activities is false? a. Good

makkiz [27]

Answer: a. a. Good execution of a new or revised strategy often requires devoting more resources to some value chain activities and perhaps downsizing the operating budgets and resources devoted to activities/organizational units with a lesser role in the new strategy

Explanation:

Executing strategy is an action-oriented task which tests the ability of a manager to direct changes in an organization and also achieve certain improvements regarding operations.

The statement about steering needed resources to execution-critical value chain activities which is false is that good execution of a new or revised strategy often requires devoting more resources to some value chain activities and perhaps downsizing the operating budgets and resources devoted to activities/organizational units with a lesser role in the new strategy.

6 0

3 years ago