Answer:
The advice is wrong. A sampling error only accounts for the difference in results based on the use of a sample rather than the entire population.
Explanation:
Root cause analysis is a research method is the best to use in order to determine causally.
Answer:
$6,689
Explanation:
As we know that the inventory should be recorded at cost or net realizable value which ever is lower
Particulars Item Units Unit Cost Net Realizable Value LCNRV
Minolta 7 $175 $157 $157
Canon 11 142 176 $142
Vivitar 14 130 111 $111
Kodak 17 120 132 $120
So, the amount of ending inventory is
= 7 units × $157 + 11 units × $142 + 14 units × $111 + 17 units × $120
= $1,099 + $1,562 + $1,988 + $2,040
= $6,689
Answer:
Net Capital Spending = $72,000
Explanation:
Formula for Net capital Spending:
Net Capital Spending = Net Increase in Fixed Asset + Depreciation
Net Capital Spending = ( $243,600 - $234,100 ) + $62,500
Net Capital Spending = $9,500 + $62,500
Net Capital Spending = $72,000
Sale of asset is already accounted for in the ending net balance of fixed assets.
Answer:
43,240 units
Explanation:
Note : We are using FIFO method thus, we are only interested in the units worked in this year.
<u>Calculation of equivalent units of production for conversion costs</u>
To Finish Beginning work in process inventory (7,700 × 60%) = 4,620
Started and Completed ((39,600 - 7,700) × 100%) = 31,900
Ending work in process inventory (9,600 × 70%) = 6,720
Equivalent units of production for conversion costs = 43,240
<u>Conclusion :</u>
The equivalent units of production for conversion costs in the Brazing Department for November is 43,240 units.
