Answer and Explanation:
The computation is shown below;
For Year 1
Average inventory = (Beginning inventory + Ending inventory)÷ 2
= ($64,000 + $80,000) ÷ 2
= $72,000
Inventory turnover = Cost of goods sold ÷ Average inventory
= $606,000 ÷ 72,000
= 8.4 times
Days in inventory = 365 ÷ Inventory turnover ratio
= 365 ÷ 8.4
= 43.5 days
For Year 2
Average inventory = (Beginning inventory + Ending inventory) ÷ 2
= ($80,000 + $72,000) ÷ 2
= $76,000
Inventory turnover = Cost of goods sold ÷ Average inventory
= $500,800 ÷ 76,000
= 6.6 times
Days in inventory = 365 ÷ Inventory turnover ratio
= 365 ÷ 6.6
= 55.3 days
Answer:
Total direct manufacturing cost= $55,890
Explanation:
Giving the following information:
5,600 units:
Average Cost per Unit Direct materials $ 6.55
Direct labor $ 3.80
The manufacturing overhead is an<u> indirect cost.</u> It is allocated based on a predetermined rate. <u>We will take into account only the direct materials and direct labor.</u>
<u>For 5,400 units:</u>
Total direct manufacturing cost= 5,400*(6.55 + 3.8)
Total direct manufacturing cost= $55,890
Answer:
Social structure is the arrangement in the society where people live and interact together in the society.
Explanation:
Social structure in humanism is considered to be the specific and stable plan of the organizations where the people in general public collaborates and lives respectively. The social structure is often treated together with the very idea of the social change that tries to manage the powers of the people which changes the social structure as well as the association of the society.
Social structure helps the individuals to sort out their current circumstances and it limits which characterize the insiders and the outcasts. Social structure restricts certain alternatives and spots us in the discretionary classes that is not based on the personal preferences.
Karl Marx once stated how the monetary creation is coordinated by central main part of the general public.
Marketing benefits the organization, its stakeholders, and society at large by <u>creating, communicating, delivering, and exchanging</u> offerings that have value for customers.
<h3>What is marketing?</h3>
Marketing is a process filled with many activities to ensure customer value and organizational profitability.
Marketing involves the following marketing mix:
- Product
- Price
- Place
- Promotion.
Marketing does not start with advertising or creating awareness of a product or service in the mind of customers. It begins with product design, production, and delivery, and ends with customer service.
Thus, marketing creates, communicates, delivers, and exchanges offerings to benefit the customers, the organization, and other stakeholders.
Learn more about marketing at brainly.com/question/25369230
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On this day in 1942, U.S. Lieutenant General Jonathan Wainwright surrender all U.S. troops in the Philippines to the Japanese
