Answer:
the number of units to be produced is 214,800 units
Explanation:
The computation of the number of units to be produced is given below;
= Budgeted units sales + required ending inventory - opening inventory
= 204,000 units + (240,000 units × 30%) - 61,200 units
= 204,000 units + 72,000 units - 61,200 units
= 214,800 units
Hence, the number of units to be produced is 214,800 units
We simply applied the above formula so that the correct units could come
Answer:
standard
Explanation:
Based on the information provided within the question it seems that Maltone Corporation is using its 2012 export data as a standard. This term refers to normal or average level in which everything else is compared to. Therefore since the company is comparing its current export data to that data in order to see if they were successful, then the 2012 data is the standard for success.
The Last-In, First-Out (LIFO) inventory costing method assumes that items in ending inventory are the most recently acquired.
<h3>What is LIFO and FIFO methods of inventory?</h3>
LIFO refers to the Last In, First Out. LIFO is a method that assumes that the last unit that has been added in the inventory or more recently, will be sold first.
FIFO stands for First In, First Out. FIFO method assumes that the oldest unit of inventory that has been added first, would be sold first.
Basically, FIFO and LIFO accounting are the inventory costing methods used in managing inventory.
Learn more about LIFO and FIFO here:-
brainly.com/question/17236535
#SPJ4
Answer:
if the price increases by 1 percent, the quantity demanded will decrease by 2 percent.
Explanation:
As we know that
Price elasticity of demand = (Percentage change in quantity demanded) ÷ (percentage change in price)
Since the price elasticity of demand is -2 that means the price is increased and the quantity demanded is decreased
The price would be increased by 1% and the quantity demanded would be decreased by 2% because of this, the price elasticity would be negative
