Ngai Nhung is the sales manager at Hung Technologies. At lunch with the company CEO, Ngai proudly announced that he had negotiated a <u>blanket purchase order</u> with a client that represented the customer's long-term commitment to buy components from Hung.
<u>Option: D</u>
<u>Explanation:</u>
Here Ngai announcement means that the firm's consumers with their suppliers are going to enable several distribution dates across a period of time, often structured to reap the benefits of fixed prices which showcase the long-term relation between firm and consumer, thus understood as a blanket purchase order.
It is basically utilized when expendable products are recurrently needed. Blanket orders are commonly used when a consumer purchases large amounts and receives special discounts. Calculating the predicted amount planned by the recipient of the commodity is the toughest part of getting an agreement.
Answer:
(a) The dollar value of abnormal spoilage.
$499,317.
(b) The cost of the good units finished.
$12,669,193.
(c) The cost of ending work-in-process inventory
$1,421,491.
The complete solution of the problem is attached with an excel spreadsheet.
Answer:
$26,000 adverse variance
Explanation:
Fixed Overheads Volume Variance = Budgeted Overheads at Actual Output - Budgeted Fixed Overheads
= $1.30 x 60,000 hours - $1.30 x 80,000
= $78,000 - $104,000
= $26,000 adverse variance
The fixed factory overhead volume variance is $26,000 adverse variance
Answer:
im not 100% but think this is right
Explanation:
the author is making a claim of fact, because he is claiming that provides no economic benefits. im not sure about the second part