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galina1969 [7]
2 years ago
13

Which one of the following statements is true? a. A manufacturing company will normally have raw materials, work in process, and

finished goods as inventory account classifications. b. A merchandising company will normally have raw materials, work in process, and finished goods as inventory account classifications. c. A merchandising company will normally have raw materials and merchandise inventory as inventory account classifications. d. A manufacturing company will normally have raw materials, work in process, and merchandise inventory as inventory account classifications.
Business
1 answer:
soldier1979 [14.2K]2 years ago
7 0

Answer:

d. A manufacturing company will normally have raw materials, work in process, and merchandise inventory as inventory account classifications.

Explanation:

  • Normally a manufacturing company has various inventors such as raw material, work in progress and finished goods and the inventories are goods that held up in stocks for the ultimate goal of resale, another type of inventories include transit inventory, buffer inventory and cyclic inventory.
  • Merchandise inventory is a finished good that is taken for sale by retail or wholesale. The finished goods for the sale by manufactures are generally called as finished goods inventory.
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Chester has negotiated a new labor contract for the next round that will affect the cost for their product City. Labor costs wil
Dmitriy789 [7]

Answer:

Find attached complete question:

Option A 1452 units

Explanation:

The increase in labor cost=$3.39-$2.89=$0.50

Half of the increase would reflect as increase in price i.e$0.25

Current price is $16

new price is $16+$0.25=$16.25

contribution margin =selling price -variable cost

currently units sold=$30,875/$16= 1,930

Current contribution per unit=$11,401/1930=$5.91

new contribution per unit would reduce by $0.25 i.e $5.91-$0.25=$5.66

breakeven in units=period cost/contribution margin per unit

period cost is $8346

breakeven units=$8346/$5.66=1475 units

The closest option is A 1452 units,the difference could be due to rounding error

Download docx
4 0
2 years ago
Brianna is giving a speech on job specialization for her business class. She will most likely tell the class that one of the rea
Orlov [11]

Answer:

​the organization is too large for one person to do everything.

Explanation:

It is likely that Brianna will mention the fact that job specialization is necessary when an organization reaches a certain size. When an organization is very big, it becomes impossible for a single person to complete all tasks. Therefore, more employees have to be hired, and in order to be able to cooperate, they will have to divide their tasks. As these tasks are repeated, they will become more specialized.

hope this helps! have a wonderful day!

my name is brianna btw :) hehe

3 0
2 years ago
What is the education level of a majority of the Power, Structural, and Technical Systems workers?
Deffense [45]
Bachelors degree is the minimum <span />
3 0
2 years ago
Read 2 more answers
Monica is a drawing a monthly salary of 45000 if rupee e 15000 is spend every month on repayment of a loan what percent of her s
Natalija [7]

Answer:

Loan percentage = 33.33%

Amount spend on food = 7200

Explanation:

Monica's salary is 45000

Amount spend on loan is 15000

The percentage of amount spend on rent

=15000/45000 x100

=0.33333 x 100

=33.33 %

Amount spend on loan = 15,000

The remaining amount = 45,000 - 15,000

=30,000

24% of 30,000 is spent on food

Actual amount = 24/100 x 30,000

=0.24 x 30,000

=7200

Amount spent on food = 7200

5 0
2 years ago
Hill Corp. began production of a new product. During the first calendar year, 1,000 units of the product were sold for $1,200 pe
Tcecarenko [31]

Answer:

$88,000

Explanation:

(1,000 units × $100 estimated warranty cost per unit) $100,000

Therefore:

($100,000 - $12,000 actual warranty costs incurred during the first year) $88,000

Liability for warranty costs is recognized when the related revenue is recognized. In a situation were the warranty covers a period longer than the period in which the product is sold, the entire liability for the expected warranty costs must be recognized on the day the product is actually sold.

Therefore in the first calendar year a warranty liability of $100,000 (1,000 units × $100 estimated warranty cost per unit) was recognized. Actual payments for warranty costs reduce the amount of warranty liability recognized. Thus, at the end of the first calendar year, the balance of the warranty liability is $88,000 ($100,000 warranty liability initially recognized - $12,000 actual warranty costs incurred during the first year).

8 0
2 years ago
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