Answer:
$115,000
Explanation:
Data provided as per the question is below:-
Beginning balance = $81,000
Direct material issued = $27,000
Direct labor incurred = $7,000
The computation balance Process Inventory is shown below:-
Balance in the Work-in-Process Inventory = Beginning balance + Direct material issued + Direct labor incurred
= $81,000 + $27,000 + $7,000
= $115,000
Stores can make sure their employees are being incentivized when what they do benefits the customer and the store as a whole. Their main goal is to serve the customer because a happy customer comes back and refers their fiends. The employees can be rewarded on referral base actions, feedback cards and other ways that show management they are being honest and truthful to the customer.
Answer: 13.5 minutes
Explanation:
Information turnaround time = Cycle time * Number of stations after error is made.
The most error-prone operation is step 2 so assuming an error happens there, there will be 9 more stations in the line.
Information turnaround time will therefore be:
= 1.50 * 9
= 13.5 minutes
Answer:
YES - When marginal cost (MC) of production is increasing, the average variable cost (AVC) is increasing.
Explanation:
Marginal cost (MC) is the cost of producing an extra unit of output while Average variable cost (AVC) is the cost per unit of output produced.
When MC is below AVC, MC pulls the average down. This means that when MC is falling, AVC is falling
When MC is above AVC, MC is pushing the average up; therefore when MC is rising, AVC is rising.
The conclusion is that MC and AVC have a direct relationship and a rise in one will cause a rise in the other
, therefore when the marginal cost (MC) of production is increasing, the average variable cost (AVC) is increasing.
When allocating their assets bankers take into account their reserve equipment. Property, plant and equipment is initially measured at its cost, subsequently measured either using a cost or revaluation model, and depreciated.
