Answer:
True
Explanation:
The finance function is a shared function, it supports almost all the sections in a business enterprise. the role of finance in health cuts across all departments.
In the area of cost containment, the finance unit is the cost leader, it is the unit that lead and drive any cost control measure in an organization and healthcare sector is an exception.
The finance section participates directly and also provides the financial data that helps in negotiating with suppliers and demanding for various kinds of discounts and rebates.
The finance role in Joint venture activities cannot be over emphasized, it is the unit that keeps record of transactions and measure the profit or loss from the venture and advise management on the appropriate course of action.
The budget and budgetary control that drives operation of the heath sector is handled by the finance unit.
Answer:
A) $21.50 per machine hour
B) $40.80 per direct labor hour
Explanation:
A) factory 1 overhead ⇒ on the basis of direct machine hours.
overhead rate factory 1 = estimated total overhead costs factory 1 / estimated machine hours
= $12,900,000 / 600,000 machine hours = $21.50 per machine hour
B) factory 2 overhead ⇒ on the basis of direct labor hours.
overhead rate factory 2 = estimated total overhead costs factory 1 / estimated labor hours
= $10,200,000 / 250,000 labor hours = $40.80 per direct labor hour
Answer:
Instructions are listed below
Explanation:
Giving the following information:
Mar. 1 Inventory 200 units at $8
Mar. 9 Sale 175 units
Mar. 13 Purchase 160 units at $9
Mar. 25 Sale 150 units
Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method
Cost of goods sold= 25 units*$8 + 125units*9= $1325
Ending inventory= 35units* 9= $315
Answer:
Option (C) is correct
Explanation:
The payment is made during the discount period of 11 days so the 2% discount rate would be applicable.
Goods purchased = $112,000
Goods returned = $2,200
Discount = (Goods purchased - goods returned) × 2%
= ($112,000 - $2,200) × 2%
= $2,196
Net purchase = Goods purchased - returned - Discount
= $112,000 - $2,200 - $2,196
= $107,604
Total inventory cost = Net purchase + Freight cost
= $107,604 + $400
= $108,004
Therefore, company’s inventory increased by $108,004.
