Answer:
Finished goods inventory final balance= 12, 495
Explanation:
PRODUCTION COST COMPONENTS
- Direct materials 12,385
- Direct work 10,600
- Lease and utilities 9,600
TOTAL PRODUCTION COST = 32,585
TOTAL UNITS PRODUCED = 6,650
UNIT COST= (Total Production Cost / Total Units Produced) = 32,585 / 6,650 = 4.9
FINAL GOODS INVENTORY = (Total Units Produced – Total Units Sales) = 6,650 – 4,100 = 2,250
FINAL GOODS INVENTORY AMOUNT = (Final goods Inventory * Unit Cost) = 2,250 * 4.9 = 12,495
Answer: $224,000
Explanation:
Total Cost to Account for = Beginning WIP Cost + Current Cost incurred
= 60000 + 22000 + 142000
=224000
Answer:
What is Business Disruption? ... When it comes to business strategy, “disruption” refers to a process in which market entrants come armed with non-conventional business models, and what at their outset seem to be poor-performing products actually come to challenge and eventually replace industry incumbents over time.
Explanation:
The purpose of expansionary monetary policy is to grow the economy, particularly in times of economic trouble.
<h3>What is Monetary Policy?</h3>
Monetary policy consists of management of money supply and interest rates, aimed at achieving macroeconomic objectives like inflation and liquidity.
These are achieved by actions such as modifying the interest rate, buying or selling government bonds and changing the amount of money banks are required to maintain as reserves.
Hence, the purpose of expansionary monetary policy is to grow the economy, particularly in times of economic trouble.
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Answer:
Explanation:
This is an example of payroll fraud.
Pay roll fraud is a fraudulent practice where an employees take an advantage of a loophole in the internal control system to claim payment that they are not entitled to. One way of practicing it is by keeping record ghost workers
Two methods of controlling it are
A clock -in-system : This requires an employee to use a unique pass code to sign in and our of work . Some technology even finger print for this purpose which strictly restrict signing in to the assigned user . This information are used for payment process
Another method is the direct deposit of pay checks into employees bank account . This method will prevent and other person to divert pay checks for other use.