Answer:
Option A
Total cost of goods sold = $<u>1,007.7</u>
Explanation:
<em>Under the last -in-first-out (LIFO) method, inventory are priced using the price of the newest/latest batch in stock until a new batch is received after which the price of the new batch is used and this is continued.</em>
So we apply the principle as follows:
$
July 14 sale of 83 units = 83× 6.90 = 572.7
July 30 sale of 58 units = 58× 7.50 = <u>435</u>
Total cost of goods sold <u>1,007.7</u>
Total cost of goods sold = $1,007.7
Answer: (B) Standardization
Explanation:
The standardization is the principle of the NIMS (National incident management system) and it specifically helps in managing or operating the communication and the information system.
It also helps in facilities the interoperability in an organization for the specific incident response and also establishing the action on the basis of proper planning.
The main objective of the national incident management system is that it helps in guiding the various types of private and the government sectors to prevent and also protect from the various types of incidents.
Therefore, Option (B) is correct answer.
The similarities between job-order costing and process costing include the following:
- Usage of predetermined overhead rates.
<h3>What is Costing?</h3>
This is defined as the estimated cost of producing goods and services in a company.
Both types of costs determine the cost of products and also have the same cost flows.
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Answer:The answer is b
Explanation:
Bank reconciliation statement is a statement prepared to resolve the discrepancy between the bank statements balance and the cash book balance.in the preparation of the bank reconciliation statement, to ascertain the discrepancy we have to compare the debit side of the cash book with the credit side of the bank statement to check for differences in deposit, we will also compared the credit side of the cash book with the debit side of the bank statement to check for differences in withdrawals. Bank reconciliation statement is not an account because double entry principle is not observed in the preparation of the bank reconciliation statement.
In the preparation of the bank reconciliation statement, when starting with the bank statement balance, will have to add the deposit in transit and less the outstading cheque to arrive at the cash book balance. On the other hand, when starting with the cash book balance add outstanding cheque and less deposits In transit to arrive at the bank statement balance
An example of Shirkingis when an employee decide to extend their lunch until 1:45 instead of 1:00 becaujse of his boss participation in a conference call.
<h3>What is called
Shirking?</h3>
A shirk essentially means the act of avoiding or getting out of doing something that should be done.
Hence, when an employee decide to extend their lunch until 1:45 instead of 1:00 because of his boss participation in a conference call is an example of Shirking because he need to help his boss.
Read more about Shirking
<em>brainly.com/question/8497382</em>