Answer:
Letter B is correct. Lead Users.
Explanation:
Term developed by prof. Eric von Hippel, Lead Users are those users who are able to transform, adapt and modify a company's product or service for their own benefit, as they face the same market needs a while before regular users.
For Prof Eric von Hippel, there are four steps in developing Lead Users:
The premise is that the Lead Users method is effective in identifying innovation and product trends that need to be developed for a market for your needs.
The net purchase for the period will be $850.
Amount of raw material placed into production) = Opening inventory + Net purchase - Ending inventory
$400 = $50 + Net purchase - $400
Net purchase = $850
In conclusion, the net purchase for the period will be $850.
Read more about net purchase
Answer:
the net purchase is $850
Explanation:
The computation of the net purchase is shown below:
The amount of raw material placed into production = opening inventory + net purchase - ending inventory
$400 = $50 + net purchase - $400
So, the net purchase is $850
hence, the net purchase is $850
Answer:
An increase in the net export and Russian interest rate.
Explanation: An open economy is an economy where all players which includes traders, investors and other stakeholders in the economy both within and outside the economy freely conduct their businesses and are controlled by market forces with minimal interference by Government agencies.
According to the open-economy macroeconomic model with the defaulting by the Russian government in 1998 will definitely lead to an increase in net export and an increase in Russian Interest rate.
Answer:
$192,880
Explanation:
We need to determine the balances for each of the items.
Work in process =(5,000/225,000*100) × 8,000
= 2.2% × 8,000
= 176
Finished goods = (20,000/225,000 *100) × 8,000
= 8.9% × 8,000
= 712
Cost of goods sold = (200,000/225,000 *100) × 8,000
= 88.9% × 8,000
= 7,120
Therefore, the revised ending balance for COGS would be ;
= 200,000 - 7,120
= $192,880
Raw materials inventory $26,000 $30,000
Work in process inventory 13,500 22,200
Finished goods inventory 30,000 21,000
Materials purchased $170,000
Direct labor 220,000
Manufacturing overhead 180,000
Sales 800,00
Required:
Compute cost of goods manufactured $____________________
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
-Centralized decision making allows the organization to place tighter controls on the way work is done and, in the process, achieve economies of scale
Answer:
Narrow spans of management ensure that employees operate efficiently.
Centralized decision making allows the organization to place tighter controls on the way work is done and, in the process, achieve economies of scale.
Explanation: When the spans of management is narrow, proper supervising and controlling and coordination of work is done to achieve effective and efficient work done by the Employees.
A centralised decision making process helps the Organisation to have a tight control on its spendings and in the way work is done, this will help the Organisation to cut cost and take strategic decisions for organisational growth and development.
Answer:
Predetermined manufacturing overhead rate= $31.14 per machine-hour
Explanation:
Giving the following information:
Estimated machine-hour= 35,900 machine-hours
Estimated variable overhead= $4.80 per machine-hour
Total fixed manufacturing overhead was $945,606.
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (945,606/35,900) + 4.8
Predetermined manufacturing overhead rate= $31.14 per machine-hour