Schickel Inc. regularly uses material B39U and currently has in stock 459 liters of the material for which it paid $2,621 several weeks ago. If this were to be sold as is on the open market as surplus material, it would fetch $5.24 per liter. New stocks of the material can be purchased on the open market for $5.84 per liter, but it must be purchased in lots of 1,000 liters. You have been asked to determine the relevant cost of 600 liters of the material to be used in a job for a customer. The relevant cost of the 600 liters of material B39U is
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Schickel Inc. regularly uses material B39U and currently has in stock 459 liters of the material for which it paid $2,621 several weeks ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
From an economic context, select the correct definition of a market.
Answers (1)
If buyers become reluctant to purchase high-quality goods because they can't be confident of purchasing a high-quality product, then A. a large number of buyers will communicate the need for lower prices. B.
Answers (1)
Classifying Types of Adjustments Classify the following items as (a) prepaid expense, (b) unearned revenue, (c) accrued revenue, or (d) accrued expense: 1. A two-year premium paid on a fire insurance policy. 2. Fees earned but not yet received. 3.
Answers (1)
In 3-5 sentences, describe how a consumer can use a cost-benefit analysis to decide between buying a concert ticket or buying a new pair of jeans. Mention the steps involved in analyzing each choice and how this process results in a decision.
Answers (1)
12. A freeze in Peru causes the price of coffee to skyrocket. Assuming coffee and tea are substitutes, which of the following will happen? [A] The quantity demanded of coffee will increase, and the quantity demanded of tea will increase.
Answers (1)
New Questions in Business
Video quiz the story in the video describes how the ceo of japan airlines, haruka nishimatsu, serves as an example of
Answers (1)
Granting a foreign company the right to manufacture your product your product or to use your firm's trademark in return for a fee is called:
Answers (1)
The paranting style which takes the concerns of all family members into account when making decisions is
Answers (1)
At the beginning of the year, Novak had an inventory of $550000. During the year, the company purchased goods costing $2340000.
Answers (1)
In presidential elections, voters often find that they do not agree with any single candidate in all issues that matter to them this is known as a. rent seekingbehaviorb. lack of accountabilityc. principal agent problemd.
Answers (1)