Answer: Net markups are included.
Explanation:
The retail inventory method is used to know a store's merchandise value.
Under the retail method, in determining the cost-to-retail percentage for the current year, net markups are included.
It should be noted that the net markups are applicable to net costs.
1. an employee stock ownership plan
2. skill variety
3. job sharing plan
4. institute a recognition program to honor top performing employees
5. employees of many companies are "on call" throughout the day
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Answer:
what are products that consumers demand less of when their income rises
Products that consumers demand less when their income rises are referred to as inferior goods
Explanation:
It is a natural phenomenon in economics that when there is an income rise from the consumers end, it changes their taste for a higher one which makes demand for some goods less and tagged them as being inferior
Answer:
$0.3 per machine hour
Explanation:
The computation of the variable maintenance cost per machine hour using the high low method is shown below:
Variable cost per machine hour = (High maintenance cost - low maintenance cost) ÷ (High machine hours - low machine hours)
= ($9,000 - $7,200) ÷ (20,000 machine hours - 14,000 machine hours)
= $1,800 ÷ 6,000 machine hours
= $0.3 per machine hour
