Answer:
the total period cost for the month under variable costing is $46,700
Explanation:
Product Cost Under Variable Costing = Direct Materials + Direct Labor + Variable Overheads
Period Cost Under Variable Costing = Fixed Manufacturing Overheads + All Non-Manufacturing Overheads (Variable and Fixed)
<u>Calculation for the total period cost - Varible Costing</u>
Variable selling and administrative expense ( $ 7× 1,070 Units) $ 7,490
Fixed manufacturing overhead $ 13,530
Fixed selling and administrative expense $ 25,680
Total period cost for the month $46,700
Answer:
JIT production and JIT purchasing
Explanation:
JIT production and JIT purchasing under this process entity does not have extra material in stores and extra inventory produced.
as per the just in time
there is no benefit of holding inventory at stores
producing extra units does not add value they are useless until they are sold.
According to just in time inventory should be purchased when order has been placed and production process should start in order to meet the customers orders.
there are some conditions for this process
there should be very system to meet the order on time
there should be relaible production system units produced should not be poor quality goods
there should reliable suppliers to supply the material on time to meet the customers orders and avoid the stock out costs.
Answer:
The correct answer is letter "B": efficiency wages.
Explanation:
Efficiency wage is the amount of money companies are willing to pay employees that is above the equilibrium wage in order to motivate them to increase the organization's productivity, thus, the firm's profits. This scenario implies that as workers are paid higher the unemployment rate is lower.
- Abuse of power
- Cancel Culture
- Lack of interest
- School Curriculum
- Conflict in trade
- Mental health
- Loss of a loved one
- Natural talent vs practice
Answer:
<u>True</u>
Explanation:
Business ethics tell us what is right and wrong, what is fair and unfair , what is good and bad , what is to be done and not to be done .
Business ethics plays a important role in today business world. If a businessman is not doing work ethically than it is consider as crime.
It is the duty of every business man to follow the ethics , if they do not follow the ethics then they may lose their image in the public. Business is not only responsible towards the shareholder to provide them profit but also towards the government and people. Businessman should follow the legal obligation if he do not do so then he can be in big trouble . The government become strict towards the company . And more government interference in business is not good for the company.
It is the duty of the businessman to work in the guidelines of the government and not to work beyond that . He should not to do any illegal work which is not good for the society .
