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3 years ago

In a period of rising prices, the inventory method which tends to give the highest reported inventory is

Business

1 answer:

nordsb [41]3 years ago

4 0

Answer:

a. FIFO

Explanation:

Under the FIFO method, the inventory which is come first is sold first and the remaining inventory is sold.

The LIFO method is opposite to the FIFO method. It means that the last units is sold first and the rest of the units are sold later

The weighted average is that method in which the weighted average per unit is computed by considering total cost by total units excluding the sales units

The moving average is that method in which the arithmetic mean is computed

Under the FIFO method, it provides the highest inventory as well as the highest net income as compared to other inventory methods

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Charleston Company has two departments (Processing and Packaging) and uses a job-order costing system. Charleston applies overhe

olga_2 [115]

Answer:

$1.236= Estimated manufacturing overhead rate

Explanation:

Giving the following information:

Processing:

Direct labor cost= $44,500

Applied overhead= $55,000

To determine the estimated overhead rate, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

55,000= Estimated manufacturing overhead rate*44,500

55,000/44,500= Estimated manufacturing overhead rate

$1.236= Estimated manufacturing overhead rate

3 0

3 years ago

Which of the following statements best describes a difference between HR

Rainbow [258]

The option that best describes the difference between HR planning and a staffing plan is this:

B. Unlike HR planning, a staffing plan identifies only the company's present hiring needs.

<h3>What is the difference between HR planning and staffing?</h3>

The difference between the two mentioned concepts lies in the fact that HR planning is a long-term plan that is aimed at trying to understand how the staffing needs of the company can be improved for better success.

Unlike HR planning, a staffing plan is aimed at identifying the immediate employment needs of the company and filling them up. In businesses, HR planning is very vital to building sustainability. Staffing is also important but it only considers the interim.

So, the difference between these two concepts can be pinned down to the time factor. While one satisfies a need immediately, the other looks at the future and makes reasonable plans that ensure sustainability.

Learn more about HR planning here:

brainly.com/question/13761208

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8 0

2 years ago

David taylor purchased a teapot for $23.95, a coffee maker for $33.95, and a deluxe microwave for $196.75 for his mother's birth

Kaylis [27]

The answer is $275.02

6 0

3 years ago

Matt and Joel are equal partners in the MJ Partnership. For the current year ended December 31, the partnership has book income

Blababa [14]

Answer:

$86,000

Explanation:

A partnership is a pass through entity that is not taxed directly, but instead its partners are taxed. Even the partners' salaries are recorded as drawings, not salary expense.

The partnership's total ordinary income = book income + any donations or contributions to charities = $80,000 + $6,000 = $86,000

8 0

3 years ago

A manufacturing company has been inspecting units of output from a process. Each product inspected is evaluated on five criteria

laila [671]

Answer:

3,300 defects

Explanation:

If there are 5 defect opportunities per unit, and 2,000 units were inspected, the number of defects per opportunity observed was:

$DPO = \frac{33}{5*2,000}\\DPO=0.0033$

Therefore, the number of defects per 1 million opportunities (DPMO) is:

$DPMO = 0.0033*1,000,000\\DPMO = 3,300$

The number of defects per 1 million opportunities (DPMO) for this process is 3,300.

7 0

3 years ago