Bobb'e J. Thompson<span> (</span><span>Marcus "M.J." Williams, Jr)</span>
Answer:
C) 0.84 kilograms
Explanation:
The standard material quantity = kilograms per bottle + allowance for waste + allowance for rejects = 0.70 kg + 0.05 kg + 0.09 kg = 0.84 kg
The standard material quantity is the budgeted (estimated) amount of direct materials needed to produce one unit of output. The total standard quantity = standard material quantity times total units produced.
Answer:
Virtually all of the 7 million millionaires in the United States learned how to make smart decisions by doing their homework.
Answer: Option 7.
Explanation:
Rent, expenses made by office, telephone expenses, administrative salaries are the items that fall under indirect cost.
Explanation:
Indirect costs are those cost which are not accountable directly. Indirect cost can be either variable or fixed. Indirect cost are also known as overhead expenses.
Rent can act as both direct as well as indirect cost. If rent is given for the plant as well as machinery for a company which is use by manufacturing units directly fall under direct cost but in other way when the rent is given for various official purposes it will fall under indirect cost.
Answer:
Under FIFO the ending inventory will be $110
Explanation:
The FIFO or the first in first out method of inventory valuation assumes that the units that are purchased or bought in first are the ones to be sold first and the ending inventory will include inventory purchased recently.
The sale made on March 11 will include:
20 units at $2 from March 1 = $40
5 units at $3 from March 7 = $15
Thus the ending inventory will be formed by:
(15-5) units at $3 from March 7 = $30
20 units at $4 from March 12 = $80
Total value of ending inventory = 30+80 = $110