Answer;
To attend the field trip, a student must submit a permission slip.
Explanation;
This is due to the fact that a singular noun like student requires a singular pronoun. The subject and verb must be in agreement, meaning instead of using the plural pronoun they with a singular noun, the correct pronouns are he or she.[[TAG_9]]
Answer:
The question is rephrased to include the options:
A. The production order quantity model applies under conditions where the basic EOQ model's assumptions hold true, except that receiving is not instantaneous.
B. Average inventory exceeds half the quantity of production order.
C. Due to the non-instantaneous receipt, some items are used immediately rather than being stored.
D. All other things being equal, a lower demand rate to production rate ratio results in a smaller production order quantity.
E. All options are true.
The right answer is option B, "Average inventory is more than one-half of the production order quantity."
Explanation:
Having inventory allows for a division within the production stages, separating finished products from those that are not yet completed, potentially generating income for the company.
An average inventory will be less than half of the production order quantity.
The production order quantity model allows for gradual receipt of orders rather than a single bulk delivery.
This model aids companies in managing their inventory holding costs and average fixed ordering expenses, ultimately helping them to check and reduce inventory costs and providing clarity on appropriate production quantities at any time.
Response:
Labor Efficiency Variance: $2,090 Favorable
Clarification:
Based on the information provided, the calculation for labor efficiency variance for July is outlined below:-
Labor efficiency variance = Standard rate × (Standard hours - Actual hours)
= $11 × ((0.7 × 3,000) - 1,910)
= $11 × 190
= $2,090 Favorable
Hence, to compute the labor efficiency variance for July, we adhered to the aforementioned formula.
a. Using FIFO, the Cost of Goods Sold (COGS) is $17,640, while the Ending Inventory equals $12,960.
b. Under LIFO, COGS totals $19,160, while the Ending Inventory is $11,440.
c. The Weighted Average COGS is $18,360, and the Weighted Ending Inventory is $12,240.
For Cortez Company, the inventory particulars include initial stock of 100 units from $60/unit amounting to $6,000, first batch purchase of 150 units at $68 each totaling $10,200, and a second batch of 200 units at $72 each totaling $14,400, culminating in a total of 450 units valued at $30,600.
Queries about how COGS and Ending Inventory figures manifest under various methods (FIFO, LIFO, and Weighted Average) can be addressed based on those computations.
Response:
The type of buying situation is: Modified rebuy
Clarification:
A modified rebuy occurs when an individual or company reorders a product or service previously purchased but now seeks to change the supplier, product details (for example, gel seats) or the sales terms.
