Answer:
<em>b. $ 90,000.</em>
Explanation:
Net realizable value(Market value) for apparel=Selling price minus associated selling expenses e.g sales commission.
Market value for Apparel= $ 120,000-(120,000*10%)
=$ 120,000-12,00
Market value for Apparel =$108,000
Apparel cost=$90,000
The lower of the above costs is $90,000.
Lower of cost or market is one of approaches of valuing and reporting inventory. Ending inventory is usually stated at historical cost. When original cost of the ending inventory is greater than the net realizable value, meaning that the inventory has lost value. The inventory has decreased in value below historical cost, then its carrying value is reduced and reported on the balance sheet. The method for reporting this is called current market value.
Answer:
hiring higher-quality workers at a higher wage
Explanation:
Possible causes of unfavorable labor rate variances include:
An increase in pay for employees.
Working overtime hours paid at a premium above the basic rate.
Using direct labor employees who were more skilled and experienced than the ‘normal’ and who are paid more than the standard rate per hour (adverse rate variance).
Based on the above discussion, the answer is hiring higher-quality workers at a higher wage
Answer:
False
Explanation:
Perishable goods need to have fewer days of supply owing to their nature, as high days of supply might caause more spoilage and lead to higher inventory cost.
Answer:
$15 million
Explanation:
Franklin Construction
Construction costs incurred $54,000,000
Less total estimated costs ($44+$27) $69million
The anticipated loss $15 Million
Franklin will recognize anticipated gross loss of $15 million in the first year if it recognizes revenue over time according to percentage of completion method which is ($54 million contract price less total estimated costs of $69million)
1. True. Anything that distracts the driver from the road <span>can be detrimental to his driving ability to maintain an awareness of the larger driving environment.
2. relative position. Depth perception is the </span>ability to perceive the surrounding environment in three dimensions as well as<span> the distance to an object through vision, whether the object is fixed or in movement, in front, or behind.
3. 4 seconds. That's the time needed when considering speeds up to 70mph.
4. True. All of those components are important for a safe drive - </span><span>vehicle’s operation, position, speed, the condition of the roadway, and the actions of other drivers.
5. 30-36 degrees. </span>It allows a focus for mid distances and blurring of what's around. It is important on a motorway, for example, as what's ahead is the most important once there isn't people or very busy areas around. It is also called of foveal vision. It's important when it comes to understanding the vehicle's position in the roadway, and viewing the line of sight.
