Answer:
Value of closing inventory = $25771.04
Explanation:
To calculate the value of ending inventory under a periodic average cost method, we will calculate the average price per unit of inventory at the end of the month. To calculate the average price per unit, we simply divide the total cost of the inventory by the total number of units for the month.
Average cost per unit = Total cost of all units for the month / Total units available for the month
<u />
<u>Total cost of all units:</u>
Beginning inventory (485 * 66) 32010
Purchase 1 (725 * 69) 50025
Purchase 2 (364 * 71) <u> 25844</u>
Total 107879
<u>Total Units</u>
Beginning Inventory 485
Purchase 1 725
Purchase 2 <u>364</u>
Total 1574
Average cost per unit = 107879 / 1574
Average cost per unit = $68.54
Units of closing inventory = 1574 - 1198 = 376 units
Value of closing inventory = 376 * 68.54
Value of closing inventory = $25771.04
Answer:
The price of ice cream increases - The demand for caramel topping will decrease
The price of caramel topping decreases - The demand curve for caramel topping will remain the same.
The price of butterscotch topping increases - The demand for caramel topping will increase.
Explanation:
If the price of icecream increases , it would become expensive to make them. So producers would reduce quantity supplied of ice cream. As a result of the reduced supply, there would be less demand for caramel toppings.
Caramel and butterscotch toppings are subsituites. If the price of butterscotch toppings increase, the demand for caramel toppings would increase.
If the price of caramel toppings reduce, the quantity supplied would fall. This would lead to a movement along the demand curve and not a shift of the demand curve.
Answer:
The adjusted book balance at August 31 is $13,824
Explanation:
The computation of the book balance is shown below:
= Cash balance + EFT payment on a note receivable + interest on the note - forgot to record check - check printing service fee - NSF check
= $11,667 + $2,830 + $150 - $643 - $80 - $100
= $13,824
The remaining transactions would be adjusted to bank balance
Answer: Few employers believe that offering employee benefits is a worthwhile or cost-effective strategy for attracting and retaining the best employees
Explanation:
Several companies find that providing theye workers a comprehensive benefits package which consist ofinsurance, retirement investment and other benefits is worth the cost associated because it helps them retain and also attract their best staffs.
When employees are given the required support needed and given work related benefits, this is usually source of motivation to the employees and can help bring out the best in them.
It is Quality Function Deployment or QFD. It is a structured approach to defining customer needs or requirements and translating them into specific plans to produce products to meet those needs. The “voice of the customer” is the term to describe these stated and unstated customer needs or requirements.
