1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
GarryVolchara [31]
3 years ago
8

Functions of Material Management:​

Business
1 answer:
satela [25.4K]3 years ago
8 0

Answer:

the function responsible for the coordination of planning, sourcing, purchasing, moving, storing and controlling materials in an optimum manner so as to provide a pre-decided service to the customer at a minimum cost

You might be interested in
What's the advantages of ms word ?​
mash [69]

Answer:

MS WORD IS A MULTI PURPOSE WORD PROCESSOR WHICH HELPS IN CREATING

  • BROCHURES
  • LETTERS
  • GREETING CARDS etc.
<h2><u>please</u><u> </u><u>follow</u><u> </u><u>me </u><u>and </u><u>mark </u><u>it </u><u>brainliest</u></h2>
6 0
2 years ago
Read 2 more answers
Inez is applying to renew her loan originator license. She has completed the application, provided proof that she has satisfied
Lunna [17]

Answer: She must continue to meet the minimum standards for license issuance.

Explanation:

Since Inez has completed the application, and also provided proof that she has satisfied the continuing education requirement, as well as paying for the renewal fee when she's applying to renew her loan originator license, it's also vital that she must continue to meet the minimum standards for license issuance.

The standards for license insurance should be met if not, she may not be able to renew her loan originator license. It should be hired that the provision of proof of continuing employment and a proof that she has no pending disciplinary issues from the previous licensing period isn't required in this case.

6 0
2 years ago
If you believe that your identity has been stolen, you should close the accounts that have been compromised.
evablogger [386]
That would be true in a true or false scenario. It's better to be safe than sorry - they can mess up your credit, and burn bridges for opportunity for you.
That's another reason why you should guard a social security number with your life and only give it when something's 100% authentic - they can steal your identity from those numbers!
Good luck, rockstar!
I hope you pass, and that this helps!
6 0
3 years ago
The manufacture of a popular mouthwash liquid brand is losing sales to a competitor who has been able touse bulk purchasing of i
marusya05 [52]

Answer:

Develop strong relationship with supplier

Explanation:

A good relationship with the supplier would provide the business the needed support just as it does to the competitor. This would make business to come to the way of the supplier.

Buying in bulks is a good way of making purchases because it is a way to get products at a cheaper rate

5 0
3 years ago
On April 1, Sangvikar Company had the following balances in its inventory accounts:
astra-53 [7]

Answer:

<h3>Sangvikar Company</h3>

a. Journal Entries for The April transactions:

Debit Raw materials $30,000

Credit Accounts Payable $30,000

To record the purchase of raw materials.

Debit WIP:

Job 114, $16,500

Job 115, $12,000

Job 116, $5,000

Credit Raw materials $33,500

To record the transfer of raw materials to production.

Debit WIP:

Job 114 $2,100

Job 115 $3,950

Job 116 $1,440

Credit Direct labor costs $7,490

To record the direct labor costs to WIP.

Debit WIP:

Job 114 $1,348

Job 115 $2,535

Job 116 $934

Credit Overhead $4,807

To record the overhead applied to WIP.

Debit Finished Goods Inventory $23,699

Credit WIP: Job 115 $23,699

To record the transfer of Job 115 to Finished Goods.

Debit Cost of Goods Sold $23,699

Credit Finished Goods Inventory $23,699

To record the cost of goods sold.

Debit Accounts Receivable $29,624

Credit Sales Revenue $29,624

To record the sale of Job 115 on credit.

b. Ending balances of Inventory Accounts:

Raw materials = $9,230

WIP:

Job 114 = $25,329

Job 116 =    $18,119

Total =     $43,448

Finished Goods = $8,700

c. T-Accounts:

Materials Inventory

Account Titles            Debit    Credit

Beginning balance $12,730

Accounts Payable   30,000

WIP:

Job 114                                  $16,500

Job 115                                    12,000

Job 116                                     5,000

Balance                                 $9,230

Accounts Payable

Account Titles            Debit    Credit

Raw materials                       $30,000

Work-in-Process Inventory - Job 114

Account Titles            Debit    Credit

Beginning balance  $5,381

Raw materials         16,500

Direct labor cost       2,100

Overhead applied     1,348

Balance                                $25,329

Work-in-Process Inventory - Job 115

Account Titles            Debit    Credit

Beginning balance     $5,214

Raw materials            12,000

Direct labor cost         3,950

Overhead applied      2,535

Finished Goods Inventory    $23,699

Work-in-Process Inventory - Job 116

Account Titles            Debit    Credit

Beginning balance  $10,745

Raw materials             5,000

Direct labor cost          1,440

Overhead applied         934

Balance                                   $18,119

Direct Labor Cost

Account Titles           Debit       Credit

WIP:

Job 114                                      $2,100

Job 115                                       3,950

Job 116                                        1,440

Overhead

Account Titles           Debit       Credit

WIP:

Job 114                                       $1,348

Job 115                                        2,535

Job 116                                           934

Finished Goods Inventory

Account Titles            Debit    Credit

Beginning balance  $8,700

WiP: Job 115          $23,699

Cost of Goods Sold              $23,699

Cost of Goods Sold

Account Titles         Debit      Credit

Finished Goods   $23,699

Sales Revenue

Account Titles        Debit     Credit

Accounts Receivable        $29,624

Accounts Receivable

Account Titles        Debit     Credit

Sales Revenue $29,624

Explanation:

a) Data and Calculations:

Beginning balances:

Materials Inventory $12,730

Work-in-Process Inventory 21,340

Finished Goods Inventory 8,700

Work-in-Process Inventory costs:

                              Job 114      Job 115     Job 116

Direct materials       $2,411     $2,640     $3,650

Direct labor               1,800        1,560        4,300

Applied overhead      1,170         1,014        2,795

Total                        $5,381      $5,214    $10,745

Analysis of April Transactions:

Raw materials $30,000 Accounts Payable $30,000

WIP: Job 114, $16,500; Job 115, $12,000; and Job 116, $5,000 and Raw materials $33,500

WIP: Job 114 $2,100 Job 115 $3,950, Job 116 $1,440 Direct labor costs $7,490

WIP: Job 114 $1,348 Job 115 $2,535 Job 116 $934 Overhead $4,807

Job tickets were collected and summarized (Direct labor costs):

Jobs      DLH                           DLH Costs  Overhead applied

Job 114, 150 hours at $14/hour = $2,100   $1,348  ($2,100/$7,490 *$4,807)

Job 115, 220 hours at $18/hour = $3,950  2,535 ($3,950/$7,490 *$4,807)

Job 116, 80 hours at $18/hour = $1,440         924 ($1,440/$7,490 *$4,807)

Total = 450 hours                      $7,490    $4,807

Actual Overhead = $4,807

Total direct labor costs = $7,490

Overhead rate = $0.64

Sales Revenue = $29,624 ($23,699 * 125%)

4 0
3 years ago
Other questions:
  • Explain the characteristics strengths, weaknesses of quantitative​
    12·2 answers
  • Workers are responsible for the production of goods in a business,
    9·1 answer
  • In a statement of cash flows: Multiple Choice No noncash transactions are reported in the statement itself or the related footno
    9·1 answer
  • A company uses the allowance method to account for uncollectible accounts receivables. When the firm writes off a specific custo
    12·1 answer
  • Marit Brunsell deposited $80,000 at Bank of America at 12% interest compounded quarterly. What is the effective rate (APY)? (Do
    7·1 answer
  • QUESTION 5 of 10: Preparing a budget is:
    9·1 answer
  • WILL GIVE BRAINLIEST: Which of the following will occur if aggregate demand is above full-employment GDP?
    11·2 answers
  • At the end of the month, Brown Co.'s petty cash fund contains $4 in cash and receipts for postage of $50 and delivery expenses o
    8·1 answer
  • What guidance identifies federal security controls.
    15·1 answer
  • Part 1 Ken is the produce manager at saying way a large Supermarket that is part of a national chain. After completing a few man
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!