Answer:
The cost of units completed this period is $ 350,000
Explanation:
<u><em>Units Out of the Process Were:</em></u>
Finished Goods = 50,000
Ending Work In Progress = 2500
<u>1.) Finished Goods Equivalent Units</u>
Materials : Finished Goods are 100% complete in terms of materials hence 50000 equivalent units
Conversion : Finished Goods are 100% complete in terms of conversion costs hence 50000 equivalent units
<u> 2.) Cost of units completed Units</u>
Materials : 50000 × 5.75 =287500
Conversion : 50000×1.25 =62500
Total = 287500 + 62500 = $ 350,000
<em>*Note Ending Inventory is not relevant for this question</em>
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Answer:
Employees fall under a particular job category. Entrepreneurs create their own profile. Employees have to perform tasks according their respective job profiles. Irrespective of their interest, they are forced to work in an alien environment.
Answer:
d. offer lower prices for customers and lead to greater customer satisfaction
Explanation:
Supply chain analytics programs have many objectives that, if realized, would offer lower prices for customers and lead to greater customer satisfaction.
Supply Chain Analytics can be defined as the use of data-driven intelligence in improving operational efficiency and effectiveness to reduce customer service cost and increase customer service experience.
Therefore through the use of predictive modelling, businesses are able to understand the pattern of customer transactions which aids them in reducing transaction costs and improving their satisfaction.
Answer:
Letter c is correct. <em><u>Higher than the total output that would be produced if the market were a monopoly but lower than the total output that would be produced if the market were perfectly competitive.</u></em>
Explanation:
An oligopoly is a market situation that occurs when there are a small number of companies that dominate the supply of a particular product or service in a sector of the economy. It can occur naturally or structurally, and the purpose of this market configuration is to have greater competition and price control, so that there is greater profitability.
This scenario is characterized by imperfect competition, which is similar to the monopoly market, but in oligopoly production is higher than in monopoly, because there is more than one supplier of the same product. And production in an oligopoly is lower than in a perfectly competitive scenario where there are many suppliers and none have the ability to affect market price.
