Answer:
The value of closing inventory is $3,500
Cost of goods sold $40,670
Explanation:
The two tasks here is to compute the value of closing inventory and the costs of goods sold during the year.
The fact that all opening inventory units were sold and that 230 units out of 250 units bought on May 5 leaves 20 units of that batch inventory in closing inventory.
Also, 20 units of 200 units bought on November 3 in inventory since 180 units were already sold.
Hence the value of closing inventory is computed thus:
May 5 20*$85=$1,700
Nov 3 20*$90=$1,800
Total $3,500
The costs of goods sold are is computed thus:
Opening inventory 60*$82 $4,920
May 5 230*$85 $19,550
Nov 3 180*$90 $ 16,200
Total $40,670
The hunting plan can conclude where you are going hunting and the numbers to call if you are in danger
Answer:
Defender Strategy
Explanation:
Defender Strategy -
It is the starter adapted by a company or organisation , to protect the company from the upcoming new competitors .
Therefore , the company tries to make some changes in the structure , technology and in the method of operations to maintain itself in the market .
hence , from the question data , DramPharma would most likely be categorized as a Defender .
Answer:
D. Benefit both Steve and Tom
Explanation:
As Tom produces baseball gloves and baseball bats. Steve also produces baseball gloves and baseball bats, but Tom is better at producing both goods. In this case, trade could benefit both Steve and Tom. The basic logic behind this answer is that, although Steve is not better at producing baseball gloves and bats but still can compete with Tom, where Tom's better quality products will encourage Steve in order to produce bit better quality in order to remain him in the market and competition. On the other hand, when Steve is not producing much quality products, this will give more competitive advantage to Tom, which definitely help him in earning more profits and loyal customers, therefore, in this cycle, both Steve and Tom will get benefit.
The Direct Materials standard cost is $13.20
The Direct Labor standard cost is $12.00
The Variable Manufacturing Overhead standard cost is $5.00
The Fixed manufacturing overhead standard cost is $11.80
Standard cost per unit- $ 42.00
The solution is in tabular form which is attached with this answer.
What is Standard Cost ?
A standard cost is described as a predetermined value, an estimated future cost, an expected cost, a budgeted unit value, a forecast cost, or as the "should be" cost. trendy expenses are frequently an critical part of a manufacturer's annual profit plan and operating budgets.
when standard prices are used in a manufacturing setting, a product's standard cost for a future accounting period will consist of the following:
- Direct substances: a standard quantity of every material and a standard cost in keeping with unit of material
- Direct labor: a standard quantity of labor and a standard cost in step with hour of labor production overhead: a price range for the fixed overhead, the standard variable overhead rate, and the usual quantity for applying a set and variable overhead rates
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