Answer:
Value of closing inventory = $ 28,125.00
Explanation:
To value inventory, we multiply the cost per equivalent unit of production (cost per EUP) by the the number of equivalent units(EUP) for each of the cost element.
So the value of the closing inventory, is determined as follows:
Value of inventory = cost per E.U.P × number of E.U.P
Material = $2.50 × 4,500 = 11,250.00
Labour and overhead= $3.75 × 4,500 = 16,875.00
Total amount of work in progress
= 11,250 + 16, 875
= $ 28,125.00
Explanation:
The adjusted journal entry is shown below:
Corp Laundry supplies Expense A/c Dr $6,580
To Corp Laundry supplies A/c $6,580
(Being the corp supplies expense is recorded)
It is computed below:
= Purchased value of laundry supplies - still on hand
= $7,990 - $1,410
= $6,580
The answer is correct but The options that are given are incorrect.
Answer:
They have risen.
Explanation:
Demand has increased, but supply has remained constant.
If the new hires had not been adequately trained to make use of the system. This is an example of fundamental attribution bias.
<h3>What is fundamental attribution bias?</h3>
Fundamental attribution bias can be defined as the way in which a person judge another person without considering the situation factors.
Based on the giveing scenario Paulina is using fundamental attribution bias on the new employ by ignoring the reason why the new hire did not use the company's expert software system.
Therefore this is an example of fundamental attribution bias.
Learn more about fundamental attribution bias here:brainly.com/question/17109470
