dont cheat on you test just because everyone is in online school because of the coronavirus
Answer:
Direct materials cost per square foot= $4.25
Explanation:
Direct material costs represent the costs of all materials which are used essentially and wholly for the purpose of production of goods. These materials usually are those which form part of the product.
For example, flour and sugar are direct materials used for the purpose of producing of bread.
Direct material costs are charged directly to the product.
Direct labour cost : Direct workers are those who are actively engaged exclusively for the production of goods. They include machine operators in the factory, bakers in a bakery, e.t.c. Direct labour costs are charged directly to the product cost
Direct material cost per standard square foot
=$4.00 + $0.25
= $4.25
Direct materials cost per square foot= $4.25
The answer is going to be negative
Inventory are the products which are directly involved in the manufacturing of a business. Inventory includes raw materials inventory, work in progress inventory and finished goods inventory.
In a merchandising business, inventory includes all the products available for use. There are inventories in the administrative section of the company also which is known as the supplies Inventory.
Purchases are a nominal account that forms part in the cost of goods sold. Purchases term is used in the manufacturing firm and is the raw materials needed in the production of their product, thus will also form part of the inventory account if there is a left over for it.
Inventory on the other hand can come from the purchases itself in terms of the raw materials.
<u> There are many </u><u>inventory control</u><u> such as the following:</u>
Conducting different semi annual inventory count to know the actual number of inventory in hand against the monitoring of the inventory
Maintaining security of the facility of the stockroom storage by having cctv and padlock of the room.
Checking the incoming and outgoing inventory based on the documents given in the store.
Proper segregation of duties must be there, the record keeper should not be the same person as the one holding the inventory.
To know more about inventory here:
brainly.com/question/15118949
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Answer:
D
Explanation:
A statement of the basic purpose that makes the organization different from others.
