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Evgesh-ka [11]
3 years ago
15

Delta Diamonds uses a periodic inventory sistem. The company had five one- carat diamonds available for sale this year: one was

purchased on June 1 for $500, two were purchased on July 9 for $550, and two were purchased on September 23 for $600 each. On December 24, it sold one of the diamonds that was purchased on July 9. Using the fifo method, its ending inventory ( after the December 24 sale) equals
Business
1 answer:
blsea [12.9K]3 years ago
4 0

Answer:

$2300

Explanation:

The FIFO method is one in which inventory purchased first is sold first. Given that the company had five one- carat diamonds available for sale this year: one was purchased on June 1 for $500, two were purchased on July 9 for $550, and two were purchased on September 23 for $600 each. On December 24, the one was purchased on June 1 for $500 was sold

Ending balance

= 2 * $550 + 2 * $600

= $1100 + $1200

= $2300

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Kipish [7]

Answer:

A) $21.50 per machine hour

B) $40.80 per direct labor hour

Explanation:

A) factory 1 overhead ⇒ on the basis of direct machine hours.

overhead rate factory 1 = estimated total overhead costs factory 1 / estimated machine hours

= $12,900,000 / 600,000 machine hours = $21.50 per machine hour

B) factory 2 overhead ⇒ on the basis of direct labor hours.

overhead rate factory 2 = estimated total overhead costs factory 1 / estimated labor hours

= $10,200,000 / 250,000 labor hours = $40.80 per direct labor hour

8 0
3 years ago
Ed has an almost-new economy car, but he wants a Ford Mustang because he thinks it would be exciting to own one. If he decides t
alex41 [277]

The answer is psychological.

In the given scenario, Ed has an almost-new economy car, but he wants a Ford Mustang because he thinks it would be exciting to own one.

Since Ed already has a car that works, he does not have a functional need for a car.

Therefore, a choice to purchase a sports car would represent a psychological need.

This shows perhaps the car makes him feel cool or adventurous.

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Hence, If he decides to purchase a sports car such as the Mustang, he will be primarily fulfilling a psychological need.

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7 0
2 years ago
What is the four parts of SWOT analysis
forsale [732]
<span>strengths, weaknesses, opportunities and threats.</span>
4 0
3 years ago
What is moral muteness? Why do you think an advertising professional might experience this phenomenon?
SpyIntel [72]

Answer: See explanation

Explanation:

Moral muteness occurs when as individuals in the society, we choose not to speak up when we witness an unethical behavior by someone. Even though such issues don't go along with the moral beliefs of the person who witnessed it, he or she decides not to speak against it.

An advertising professional might experience this phenomenon because of the fear of the fear of the fact that speaking up might affect his or her chance of selling the product to the person with the unethical behavior and also due to fear of losing ones job.

7 0
3 years ago
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11111nata11111 [884]

Answer:

A. effective

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As more and more one writes better, there will be communication of right message and ideas that will be passed across to the audience. As with other disciplines, continuous practice would make one to be better in terms of writing .There should also be search for knowledge which will assist to develop writing skills.

Through continuous writing, one's writing will be more effective having come across different hurdles. The hurdles here means challenges one would encounter at the beginning but which have now become Surmountable due to continuous practise.

7 0
3 years ago
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