The correct answer is found to be
a) $1,430.
Explanation:
- To calculate FIFO (First-In, First Out) determine the cost of your oldest inventory and multiply that cost by the amount of inventory sold,
- According to the LIFO method, the last inventory given should be the first one out. Which means, the units purchased at the 22nd should be the one to be first sold, also followed by the ones purchased at the 7th and by the beginning inventory on July 1st.
- The number of units sold during July is:
- Using LIFO, the amount allocated to those goods should come from 10 units at $23 and 60 units at $20:
- = 10 × $23 ₊ 60 × $20
- = 1,430.
- Therefore, the amount found to cost of goods sold for July is $1,430.
Answer:
(D) Operating income will increase by $27,300.
Explanation:
The sales increase will also generate an increase in the variable cost
The fixed cost, remaing unchanged against the volume of production. they do not increase or decrease at the factory level.
So the operating income will increase by the diffrence between sales and variable cost
sales increase will be:
779,000 x 10% = 77,900
variable cost increase:
506,000 x 10% = 50,600
increase in operating income 77,900 - 50,600 = 27,300
Answer:
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Answer:
The optimal production batch size for the supplier is 980 units.
Explanation:
In order to calcuate the optimal production batch size for the supplier we have to use the following formula:
optimal production batch size= 
(<u>2×Annual Demand×setup cost)</u>
Holding Cost
optimal production batch size= (<u>2×(1,000×12)×($250×4)</u>
($100×25%)
optimal production batch size=(<u>2×12,000×$1,000)</u>
$25
optimal production batch size= 980 units
Answer: E. she can now work as a trainee with an expert
Explanation:
Since Jessica hopes to get an entry level job in an audit firm, the professional organization will help her in her quest as she can now work as a trainee with an expert.
By joining the professional organization, she'll get the work experience that's needed when she finally get the role on the audit firm. She would have learned from a professional who's experienced and this will be vital in her getting into the workforce.
