Answer:
inventory impairment/cost of good sold (p/l) $500
Explanation:
IAS 2 requires that inventory be initially recognized at cost including cost of purchase and other necessary cost incurred in getting the inventory to the location where it becomes available for sale.
Subsequently, the item of inventory is carried at the lower of cost or net realizable value (NRV).
Quantity Unit Cost Unit NRV Lower of cost/NRV Amount
Model A 100 $100 $ 120 $100 $10,000
Model B 50 $50 $ 40 $40 $2,000
Model C 20 $200 $210 $200 $4,000
Adjustment required = 50 ($50 - $40)
=$500
This posted as
Debit inventory impairment/cost of good sold (p/l) $500
Credit Inventory account $500
Answer:
$940 Favorable
Explanation:
Fixed manufacturing overhead budget Variance = Budgeted fixed overhead cost - Actual total fixed manufacturing overhead cost
Fixed manufacturing overhead budget Variance = $71,500 - $70,560
Fixed manufacturing overhead budget Variance = $940 F
So, the fixed manufacturing overhead budget variance for the period is closest to $940 F
Answer:
Job Specification
Explanation:
Based on the information provided within the question it can be said that these requirements would most likely be stated on the Job Specification. This is a form that specifies the requirements that an individual must have in order to be chosen as an option for the hiring company. These requirements may include educational qualifications, years of experience, health requirements, specific skills, etc.
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Steam under pressure, dry heat, rubbing alcohol, buying a new one. its important to clean it after each use you might not have what you had yesterday.
Answer:
True
Explanation:
the process of identifying and defining what actions are required to deliver a project's requirements
