All categories

2 years ago

Abc analysis is an item classification system which (indicate the exception below):

2 answers:

8 0

Abc analysis is an item classification system which consists in dividing items in three categories (A,B,C), A being the most valuable and C the least valuable.

A. It can be used as a guide for allocating time and attention in inventory management, since it's easier to go for the valuable items.

B. It can be used to identify A items as primarly materials and parts that account for the highest percentage of annual dollar value, as those would be the most valuable.

C. Can be used as a guide for establishing controls in inventory management, as by categorizing you have more control of the inventory.

D. It could be used for inventory management to concentrate their time and effort on specific supply type items depending of how valuable they are.

E. Since none of the above is an exception, the answer is E.

snow_tiger [21]2 years ago

3 0

Answer will be: E (none of the above)

Explanation: ABC analysis is an inventory categorization technique which consists of dividing inventory into 3 main categories (i.e.: A, B and C) among which A is the most important category and C being the least important. In the above question, all of the statements apply to the ABC analysis. They all are the characteristics of the analysis hence the answer will be E, none of the above

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The balance sheet of a corporation reports ______. only the debts of the business and its owners only the results of the busines

grandymaker [24]

Answer:

only the results of the business' activities

Explanation:

balance sheet is among the three main financial statements prepared by a corporation. It reports the financial positions of the business by showing the value of assets, liabilities, and the shareholder's equity at any point in time. Therefore, a balance sheet shows the net worth of the corporation.

The preparation of the balance sheet follows the accounting equation of assets equals liabilities plus shareholder equity. On one side, the balance sheet reports the assets and liabilities and equity on the other. In other words, the balance sheets indicate how the assets of a business are financed. It does not report on the personal activities of business owners.

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3 years ago

Azule Co. manufactures in two sequential processes, cutting and binding. The two departments report the information below for a

lys-0071 [83]

Answer:

Cutting $8,305

Binding $365

Explanation:

Calculation to Determine the ending balances in the Work in Process Inventory accounts of each department.

Cutting Ending work in process =$ 1,145+ 3,750+$ 9,240+$14,700-$20,530

Cutting Ending work in process =$8,305

Therefore the ending balances in the Work in Process Inventory accounts for cutting department will be $8,305

Binding Ending work in process= $2,200+$2,646+$3,450+$7,100+$18,575+$20,530-$49,000

Binding Ending work in process= $365

Therefore Therefore the ending balances in the Work in Process Inventory accounts for binding department will be $365

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2 years ago

"Scott Manufacturing Co.'s static budget at 10,000 units of production includes $40,000 for direct labor and $4,000 for electric

Assoli18 [71]

Answer:

Total costs= $75,000

Explanation:

Giving the following information:

For 10,000 units:

$40,000 for direct labor

$4,000 for electric power

Total fixed costs are $23,000

We need to determine the unitary variable cost for direct labor and electric power:

Unitary direct labor= 40,000/10,000= $4

Electric power= 4,000/10,000= $0.4 per unit

Now, for 12,000 units:

Total direct labor cost= 4*12,000= $48,000

Electric power= 0.4*12,000= $4,800

Fixed costs= 23,000

Total costs= $75,000

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3 years ago

________ look at each budget as if it were brand new and require managers to justify each of the budgeted items. This process en

larisa [96]

The answer for the blink would be Zero-based budgets.

7 0

2 years ago

Money that has been or will be paid regardless of the decision whether to proceed with the project is:

bezimeni [28]

Answer:

Sunk costs.

Explanation:

Sunk costs refers to historical funds spent or incurred that cannot be recovered. Such costs are considered irrelevant during decision making which impacts on the business's future as they present no influence on present or future prospects.

Example

ABC investors decide to acquire land and develop residential houses at a location X. This decision is informed on the fact that the government had recently enacted a policy that led to an increase in demand for residential properties in that location. 6 months into construction of the residential houses, the government reviews and rescinds the policy. This leads to a sharp decline in property values in location X. ABC investors had already incurred 10 million dollars in the project. The 10 million dollars is considered sunk cost.

Sunk costs are the opposite of relevant costs because they can't be changed or recovered, as they've been spent or contracted in the past already. Hence, relevant cost are relevant for decision-making purposes but not sunk costs.

Hence, money that has been or will be paid regardless of the decision whether to proceed with the project is sunk costs.

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2 years ago