Answer:
C- Should be corrected as soon as they are discovered
Explanation:
If error occur in recording process they should be corrected as soon as they are discovered although the errors are usually unintentional mistakes made when recording . Small recording errors might cause major distortions in the overall figures.
Although the suspense account is the main method used to detect errors that cause discrepancies between the debit and credit balances of the trial balance in which
Adjusting entries are posted in the general ledger to correct errors detected in the trial balance.
Answer:
The question puts
Mean demand to be 20000
Standard deviation to be 10000
Storage cost = 60-30= 30
Excess cost to be 30+5-25 = 10
For shipping to south america
Excess cost = 30+5+5-35 = 5 dollars
A.
It is of more benefits to ship to south america because we have an excess cost of 5 dollars and excess clearance cost of 10 dollars
B.
Production and profitability are high for south america. Please check attachment for the calculations I added
C.
Number of units
27142-20000
= 7142 units.
Answer:
d. $1,600 less than under absorption costing.
Explanation:
The computation of the carrying value on the balance sheet of the ending inventory of finished goods under variable costing is shown below:
But before that first we have to determine the unit cost which is
Unit fixed manufacturing overhead
= $96,320 ÷ 6,020
= $16
Now the difference is
= Unit fixed manufacturing overhead × Change in inventory in units
= $16 × (6,020 units - 5,920 units)
= $1,600 less than under absorption costing.
Answer:
Yes. I agree
Explanation:
Due to a fall in barriers to international trade, <u>companies in wealthy advanced economies now find it easier to move their manufacturing activities to other countries</u> with lower labor rates so that they can reduce their manufacturing costs.
This move means that manufacturing companies in the wealthy advanced economies have reduced job opportunities and as such, workers in this industry will suffer.
