Answer:
$19,356
Explanation:
July
1 Beg. Inventory 54 $122
5 Purchases 306 $114
14 Sale 204
21 Purchases 153 $117
31 Sale 143
Number of units left = (54+306-204+153-143)= 166
On LIFO(Last-in, first-out) basis, these 166 units of ending inventory cost;
= (54*122) + (166-54)*114 <em> (Note:166-54 is to find the balance after the first 54)</em>
= $6,588 + $12,768
= $19,356
The tendency of naive investors to buy high (after prices have risen for several periods) and sell low (after prices have dropped for several periods) can be explained by the behavioral tendency known as anchoring.
<h3>What does anchoring in purchasing behavior mean?</h3>
A behavioral finance heuristic known as "anchoring" refers to the unconscious use of unimportant information, such as the price at which a security was purchased, as a fixed reference point (or "anchor") for making decisions about that security in the future.
The cognitive bias known as "anchoring" occurs when the mere existence of an initial number has an outsized impact on later decision-making. The TV's exorbitant cost acts as an anchor that encourages buyers to spend more money than they intend to. By announcing a lower price after stating a price, the anchoring effect in making purchase decision is activated. Customers will view the higher price as being more comparable to the original, lower price than the alternative prices being provided.
To learn more about purchase decision, visit:
brainly.com/question/26517026
#SPJ1
It is true that ''In a forecasting model using simple moving average, the shorter the time span used for calculating the moving average, the closer the average follows volatile trends''.
There are three fundamental categories: causal models, time series analysis and projection, and qualitative approaches. The first makes use of qualitative data (such as the judgement of experts) and details about noteworthy occasions of the sort already discussed, and may or may not take historical factors into account.
Although there are many commonly used quantitative budget forecasting tools, in this article we concentrate on the top four techniques: Straight-line, moving average, simple linear regression, multiple linear regression, and straight-line.
The Global Forecast System (GFS) of the National Weather Service and the European Center for Medium-Range Weather Forecast (ECMWF) model are the two most well-known NWP models. The American and European models are other names for them.
Learn more about forecasting model:
brainly.com/question/28341164
#SPJ4
Answer:
Total unitary cost= $118.5
Explanation:
Giving the following information:
Units produced 54,000 units
Direct labor $47 per unit
Direct materials $40 per unit
Variable overhead $29 per unit
Fixed overhead $ 135,000
Under absorption costing, the unitary production cost is calculated using the direct material, direct labor, and total unitary overhead (including fixed overhead).
Unitary cost= direct material + direct labor + unitary variable overhead + unitary fixed overhead
Unitary fixed overhead= 135,000/54,000= $2.5 per unit
Total unitary cost= 47 + 40 + 29 + 2.5= $118.5
