Answer: $33,000
Explanation:
The Raw Materials balance included both direct and indirect materials so the ending raw material inventory balance would be;
= Beginning balance + Raw materials purchased - direct materials used - indirect materials used
= 22,000 + 165,000 - 141,000 - 13,000
= $33,000
Answer: False
Explanation: Each company has integrity constraints unique to its business and every databases in a business contain integrity constraints that help prevent chaotic and unwanted events from happening. Business critical integrity constraints enforce business rules that are vital towards organization's goals and success and more often require more insight and in-depth knowledge than relational integrity constraints which are rules that enforce the basic and fundamental information essential to any database.
Answer: False
Explanation:
Risk mitigation simply has to do with the strike that are taken by an economic agent such as an individual, firm or the government in order to prevent risk and reduce it to its minimal level.
It should be noted that risk mitigation is identical for every organization as the same process is being followed. Therefore, the question is false.
Answer:
Total cost per unit is $77
Explanation:
Fixed manufacturing overhead per unit = Total fixed manufacturing overhead ÷ Number of units
= $478,800 ÷ 34,200 = $14 per unit
Fixed selling and administrative expenses per unit = Total Fixed selling and administrative expenses ÷ Number of units
= $171,000 ÷ 34,200 = $5 per unit.
Total cost per unit = Direct material + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead + Variable selling expenses + Fixed selling expenses
Total cost per unit = $15 + $5 + $11 + $14 + $5 + $5 = $55 per unit.
Markup = 40% of total cost = $55 × 40% = $22
Therefore, total selling price per unit = Cost per unit + Markup
= $55 + $22 = $77 per unit.
<u>Answer:</u>Danny is making corrective actions
<u>Explanation:</u>
The last stage of the control process is that the manager has to take corrective actions in case of any deviation from the original production process. The real reason behind the deviation has to be found before the corrective action is taken.
When the assigned targets are not achieved even after installing the new machinery then the managers to access the reason behind it. The reasons might be wrongful strategy or unrealistic objectives. Corrective actions such as revising standards, objectives and strategies can be done.
