Answer: The Option "d.returning inventory that is defective or broken" is NOT an example of safeguarding inventory.
Explanation: If we analyze the statements:
a.physical devices such as two-way mirrors, cameras, and alarms - These are all tools intended for protection against possible inventory theft.
b.storing inventory in restricted areas - Restricting access only to inventory-enabled personnel is able to protect the inventory much more than if anyone can access it.
c.matching receiving documents, purchase orders, and vendor's invoice - Controlling each of the purchase documents and performing the physical count reduces the possibilities of inventory differences for losses or errors.
d.returning inventory that is defective or broken - Returning the defective inventory is a post-echo action that occurred due to the unprotection of the inventory, therefore it could not be referred to as an example of inventory protection.
Answer:
a. $56
b. $95
Explanation:
The computation is shown below:
a, The total monthly activity-based cost for Corner Cleaners Inc is
= $3.50 × 12 + $0.12 × 100 + $0.10 × 20
= $42 + $12 + $2
= $56
b the total activity-based cost for Campbell’s visit i
= $8 × 1 + $25 × 3 + $4 × $3
= $8 + $75 + $12
= $95
Hence, the same should be considered and relevant
Answer:
$85
Explanation:
Costco Medical Supply's inventory:
Surgical Eq - Surgical Supp - Rehab Eq - Rehab Supp
Selling price $260 $100 $340 $165
Cost $170 $90 $250 $162
Costs to sell $30 $15 $25 $10
If we apply the net realizable value rule, the value of surgical supplies would be:
NRV = $100 = $15 = $85
the NRV is also the lower of cost since $85 < $90