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2 years ago

The following units of a particular item were available for sale during the year:

Business

1 answer:

Natali5045456 [20]2 years ago

3 0

Answer:

Explanation:

The total cost of the ending inventory according to FIFO is $22,880.

Part b

The total cost of the ending inventory according to LIFO is $22,000. 

 

 

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Pioneer or breakthrough products:___________

lianna [129]

Answer: Option 2

Explanation:

Pioneer of breakthrough products are advanced products in the market. These products help in fulfilling the consumer needs in the market when compared to the current available products. When the breakthrough products meet consumer needs which makes their work and life easier then the consumer preferences change to these pioneer products.

The consumer preferences bring a change in the consumer products market. When modern and latest resources are available in the market with advantages such as ease of use the consumers prefer pioneer products.

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2 years ago

How did great britain enforce the payment of taxes.

andrew-mc [135]

Answer:

King George lll sent British soldiers to the colonies to enforce payment of taxes, because colonist sometimes smuggled goods into colonies to avoid paying taxes. ... The items were marked with a stamp to show the tax was paid.

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2 years ago

Are perfectly competitive markets allocatively allocatively efficient in the long run?

antiseptic1488 [7]

Yes, because firms produce where the marginal benefit to consumers equals the marginal cost of production.

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2 years ago

Boyd Docker has just rented space in a strip mall. In this space, he will open a photography studio, to be called SnapShot! A fr

katrin2010 [14]

Answer:

The normal balance of each account will depend on the type on account involved.

Explanation:

The double-entry system of accounting imlpies that transactions recorded shlooud involve two movements; a corresponding debit entry for a credit entry, though some transactions have more than two entries.

However, by way of rule, a normal balance increases the account and on the opposite of that account, the amount decreases so as to obtain a balance in its rightful position.

Thus, asset accounts will have debit balances, liabilities and capital accounts will have credit balances, income account will have credit balances due to its additional effect on capital, while expenses and withdrawals will have debit balances because they reduce capital.

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2 years ago

Andrews Company manufactures a line of office chairs. Each chair takes $14 of direct materials and uses 1.9 direct labor hours a

xenn [34]

Answer:

Chair unit cost: $ 49.72

Total cost for 675 chairs: $ 33,561

Explanation:

Direct Materials: $ 14.00

Direct Labor: 1.9 hours x $16 labor cost: $ 30.40

Overhead:

1.9 labor hours x ($ 1.6 variable rate + $ 1.20 fixed rate) = $ 5.32

Total unit cost: $ 49.72

Cost to produce 675 chairs:

675 charis x $ 49.72 per chair = $ 33,561‬

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3 years ago