Answer:
The answer is cost accounting system.
Explanation:
Cost accounting is a tool that allows you to estimate the actual price of the products, which allows you to establish a profit margin for each unit sold. Depending on the activity of the company, several techniques are used such as production costing, process costing, standard costing, absorption costing, etc.
Answer:
The balance in the raw materials inventory account on May 30 was $ 7,950.
Explanation:
This question requires us to calculate the balance in the raw materials inventory account on May 30. The detail about inventory purchase during the period, inventory consumed in production and opening inventory balance is given in the problem. We can easily calculate closing balance using following equation.
opening inventory + purchase = closing balance + inventory cosumed
9,250 + 38,750 = closing balance + 40,050
closing balance = $ 7,950
In order to have the greatest impact, the marketing team may often use public relations tactics to give sponsorship programs a boost. Public relations is also abbreviated to PR, those that work in the PR department are in charge of maintaining a relationship with the public and the company they work for. There must also, always be a professional level maintaned to keep the company's image in the right light.
Based on the base-case analysis of the firm's variable cost and the upper bounds anticipated, the worst case for variable cost per unit is $52.50.
<h3>What is the worst case for variable costs?</h3>
The worst case scenario for expenses would be a situation where they are higher instead of lower.
This means that the upper bound of the variable cost will be applied to find the worst case scenario:
= Base case analysis amount x (1 + upper bound)
= 50 x (1 + 5%)
= $52.50.
Find out more on variable costs at brainly.com/question/5965421.
