<u />Unity of command is a principle wherein no subordinate in an organization reports to more than one boss.
Each department in a company has only one boss. Every boss of the department reports to one higher authority, and so on.
This is to avoid confusion among subordinates and to ensure that the authority of the boss is not diminish by the authority of another boss.
Answer:
Unit product cost = $107
Explanation:
<em>Absorption costing is a method of costing where production units and inventories are value at the full cost per unit. Here, fixed overheads are charged to all units produced using an overhead absorption rate</em>
The full cost per unit = D.mat cost + D.labour cost + Variable overheads+ Fixed overheads
Fixed production overhead cost per unit
=Fixed manufacturing overhead/units produced
= $43,700/ 1,900 Units
=$23 per unit
Full cost per unit
= $42 + $31 + $11 + 23
= $107
Answer:
the earning per common share is $3.83 per share
Explanation:
The computation of the earning per common share is shown below
= Net income ÷ weighted number of outstanding shares
= $1,143,000 ÷ (298,000 shares)
= $3.83 per share
We simply divided the net income from the weighted number of outstanding shares so that the earning per share could be determined
hence, the earning per common share is $3.83 per share
Answer:
It is the blend of marketing strategies for product, price, distribution, and promotion
Explanation:
Marketing mix describes strategies used by a company to promote its brand or product. A marketing mix is made up of Price, Product, Promotion and Place.
Answer:
$2,664
Explanation:
Generally Acceptable Accounting Principles requires that the closing inventory should be valued at lower of cost and Net realizable value.
Product Quantity Total Cost Total Net Realizable Value
Revolvers 13 $126 $155
Spurs 22 $32 $27
Hats 9 $58 $48
Choosing Which one is lower for each product
Product Quantity Rate Total Value
Revolvers 13 $126 $1,638
Spurs 22 $27 $
594
Hats 9 $48 $432
Total Closing Inventory Value = $1,638 + $594 + $432 = $2664
