Answer:
Finished goods inventory final balance= 12, 495
Explanation:
PRODUCTION COST COMPONENTS
- Direct materials 12,385
- Direct work 10,600
- Lease and utilities 9,600
TOTAL PRODUCTION COST = 32,585
TOTAL UNITS PRODUCED = 6,650
UNIT COST= (Total Production Cost / Total Units Produced) = 32,585 / 6,650 = 4.9
FINAL GOODS INVENTORY = (Total Units Produced – Total Units Sales) = 6,650 – 4,100 = 2,250
FINAL GOODS INVENTORY AMOUNT = (Final goods Inventory * Unit Cost) = 2,250 * 4.9 = 12,495
Answer:
$60000
Explanation:
Given: Sales = $300000.
Cost of goods available for sale= $270000.
The gross profit ratio= 30%
First finding the gross profit out of total sales.
Gross profit= 
Gross profit= 
∴ Cost of goods sold= 
Cost of goods sold= 
Cost of goods sold= 
Hence, cost of goods sold=
Now, finding estimated cost of the ending inventory.
Cost of ending inventory= 
⇒ Cost of ending inventory= 
∴ Cost of ending inventory= 
Hence, estimated cost of the ending inventory under the gross profit method would be $60000.
A work breakdown structure must be decomposed at least four levels in order to be effective- FALSE
By adopting task breaking, a popular productivity technique, workload can be made more reasonable and approachable. The instrument used to apply this method to projects is the Work Breakdown Structure (WBS), one of the important project management papers. To ensure that project plans are in sync, it does it on its own by combining size, cost, and schedule baselines.
A Work Breakdown structure is used to graphically, hierarchically, and deliverable-focused decompose a project (WBS). Project managers can use it to break down the focus of their operations and view all the tasks required to complete them, making it a helpful diagram.
To learn more about Work Breakdown structure click here:
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Answer:
c. Mobile Retailing.
Explanation:
Using a coupon on your cell phone when checking out at the Hard Rock Café, or checking in to a retail location using Foursquare mobile app is an example of Mobile Retailing.
Mobile retailing can be defined as the process of buying or shopping for goods and services through the internet by using a smartphone, mobile device or tablets. It is one of the convenient ways, potential customers use to engage in e-commerce.
