Answer:
Explanation:
Radio Frequency Identification (RFID) is a form of wireless communication that used to uniquely identify an object, person or animal.
(1) RFID chips are used to track goods in distribution.
These chips built-in a scanner that is used to track goods in distribution. for example, logistic companies using this tool to track goods in their distribution.
(2) RFID chips are used to track job progress in production:
These chips are used in the factory to track the job progress in production. For example, in the Biscuit Factory, counting of numbers of biscuits and then wrapping into packet.
(3) RFID chips are used to provide special instruction to the operator:
These chips are used to provide special instruction to the operator working on the machine in the industry of textile, flour mills, and steel industry, etc.
(4) RFID chips can be used in inventory record keeping:
These chips are used in the scanner that tracks the inventory record. Large organizations and firms that are producing products use RFID chip built-in scanner to keep the inventory record. These scanners track inventory and submit data to a centralized system for making decisions etc.
Answer:
True
Explanation:Using specific position titles in ICS helps to describe the responsibilities of the position.
Answer:
The cost of goods manufactured is $557,300
Explanation:
In order to calculate the cost of goods manufactured we would have to make the following calculation:
cost of goods manufactured=Work in process inventory 1/1+Total manufacturing costs-Work in process 12/31
Work in process inventory 1/1)= $13,500
Total manufacturing costs=Direct materials used+Direct labor+Manufacturing overhead
Total manufacturing costs=166000+220000+180000=$566,000
Work in process 12/31=$22,200
Cost of goods manufactured=$13,500
+$566,000 -$22,200
Cost of goods manufactured=
$557,300
The cost of goods manufactured is $557,300
Unit sale price = $200
Variable costs are 65% of sales = ($200)(.65) = $130
Fixed costs = $420,000
To solve:
Break-even point = fixed costs / (sales price per unit - variable cost per unit)
Break-even point = $420,000 / ($200-$130)
Break-even point = $420,000 / $70
Break-even point = $6,000
Answer:
Sole proprietorship.
Explanation:
Sole proprietorship is a type of business fully owned and controlled by the owner and the gains and losses of the business fall solely on him as there is no separate legal entity between him and the business.
One major attribute is that the owner is in control of his business. Even though he may have some people working with in the management of the company , the key factor that determines company status is ownership.
As long as there in no partnership agreement with other parties , he remains the sole owner.
