Answer:
Cost of Good Sold Using Fifo $40,570
Ending inventory using Fifo $3,600
Ending inventory Using Specific Identification can not be calculated as the total sales (555) exceeds the available inventory (510)
Explanation:
The information about the question is incomplete, hence the general answer. It is to be noted that the question is about Gantt Charts.
<h3>What is a Gantt Chart?</h3>
A Gantt Chart is a two-dimensional representation of a project showing the volume of work to be done, how the work is broken down into various parts, how long each part will take, those responsible for each part of the project, and even where each project overlaps.
Gantt chart (sample attached) is very crucial for Project Management. The goal of using a Gantt chart is to ensure that the project is completed on or before the scheduled time in order to prevent losses.
Please note that a Gantt Chart can be created and edited using MS Exel Worksheet.
Learn more about Gantt Chart at:
brainly.com/question/5515485
False, standard rules doesn't exist to help managers identify appropriate allocation bases.
Standard Rules refers to strong moral commitments or ethics that allows smooth working of an organisation. It is basically fundamental requirements to govern an organisation. It could play a role in appropriate allocation bases but doesn't exist for it rather to keep check on principles and equality in an organisation. They are not legally binding. But, appropriate allocation bases require judgement. Managers use- the direct method or the sequential (or step) method or the reciprocal method, to develop judgements about allocation bases. Hence, the statement is false.
More on allocation of rsources brainly.com/question/5322091
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Answer:
The Answer is A) True
Explanation:
The marginal cost of production and marginal revenue are economic measures used to determine the amount of output and the price per unit of a product that will maximize profits. A rational company always seeks to optimize its profit, and the relationship between marginal revenue and the marginal cost of production helps to find the point at which this occurs. The point at which marginal revenue equals marginal cost maximizes a company's profit.
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Answer:
If the units are reworked, income will increase by $5,800.
Explanation:
Giving the following information:
Number of units= 1,000
Sell as-is= $4.3
Rework cost= $2.8
Selling price= $12.9
<u>Because the original cost will remain constant in both options, we will not take them into account.</u>
Sell as-is:
Effect on income= 1,000*4.3= $4,300
Rework:
Effect on income= 1,000*(12.9 - 2.8)
Effect on income= $10,100
If the units are reworked, income will increase by $5,800.