Answer:
Cost of Good Sold Using Fifo $40,570
Ending inventory using Fifo $3,600
Ending inventory Using Specific Identification can not be calculated as the total sales (555) exceeds the available inventory (510)
Explanation:
Answer: c. the degree that businesses rely on each other for information and decision making.
Explanation:
Information Technology has enabled firms of all sizes and types to be able to access information that they need for themselves instead of having to rely on third-party providers that would provide data to them at a high cost.
This has enabled these businesses to rely less on other companies for decision making as well as become more efficient at it because they are able to use varied sources of information not just what they would have acquired from other companies.
Answer:
1. Stagflation.
2. $110;$110
Explanation:
Stagflation can be defined as a short-run economic outcome resulting from the increase in production costs.
Supposing the government decides not to take any action in response to the short-run economic impact of the higher oil prices. In the long run, when the government does nothing, the output in the economy will be $110billion and the price level will be $110.
Hence, resulting in an equilibrium price in the economy.
Answer: wages, tips and investment earnings
Explanation: I took the test
Answer:
predetermined overhead allocation rate is 12 per direct labor hour
Explanation:
given data
indirect costs = $102000
labor time = 8500 hours
cost of labor = $60 per hour
to find out
predetermined overhead allocation rate
solution
we find here predetermined overhead allocation rate by given formula that is
predetermined overhead allocation rate = indirect costs / labor time .............1
put here value in equation 1 to get rate
predetermined overhead allocation rate = indirect costs / labor time
predetermined overhead allocation rate = 102000 / 8500
predetermined overhead allocation rate = 12
so predetermined overhead allocation rate is 12 per direct labor hour
