What is meant by the term overage for retail space?

Q: How is the cost of ending inventory determined when pools are used?

A: A LIFO inventory pool is a method under which the individual units having same physical similarities…

Q: What is the concept of material inventory error?

A: Raw materials inventory: Raw material inventories are the primary materials which are used in the…

Q: Storage costs

A: All costs incurred to produce a product is included under cost of that product. Storage costs of…

Q: What is shelf registration?

A: Answer: Shelf registration is subject to Securities and Exchange Commission SEC Rule 415 of the…

Q: What Is The Lean Perspective on Inventory?

A: Lean perspective on inventory is an approach which helps the organization to reduce the wastage an…

Q: What happen when the inventories increasing or deacresing

A: Inventories form a part of assets of the entity and comprises of stock of raw material, work in…

Q: Council Rates is in Cost of Goods Manufactured or Income Statement? Why?

A: Cost of goods manufactured:- Cost of goods manufactured is defined as the statement that includes…

Q: Describe about concept of the GOODS ON CONSIGNMENT?

A: Inventory:   Inventory refers to the raw materials, work-in process, and the finished goods…

Q: What is inventory blanket lien?

A: Lien: Lien is a lawful right in contradiction of assets that are usually utilized as security to…

Q: Characteristics of Retail Properties?

A: Alternative investment as an asset class is growing nowadays. People start diversification of their…

Q: Which does not belong to the group?   Titling costs Survey costs Architectural fees Assessment…

A: There are many types of costs and fees which are incurred when an asset is purchased or amount is…

Q: What are the features of Rent discount for industrial/warehouse properties that might be added for…

A: The question is based on the concept of rent discounting for real estate.

Q: Cost of goods sold is also called cost of sales.

A: Cost of goods sold is the direct cost of producing those goods which are sold by the company during…

Q: What is a merchandiser?

A: Merchandiser is a business that purchases goods  and resells to customers…

Q: What is the decision rule for selling a product as is or processing it further?

A: Definition:   Differential analysis: Differential analysis refers to the analysis of differential…

Q: What is a wash sale, and why are losses from wash sales disallowed?

A: The wash sale seems to be a transaction where an investor sells lost security at the end of the…

Q: What is the market value of goods

A:

Q: What is the role of Finished-goods inventory?

A: Stock is the term used for the products that are ready for sale and raw materials used to create…

Q: Define sales allowance.

A: Sales allowances: When a customer agrees to buy defective goods or improperly made then seller gives…

Q: What is the primary distinction between a service company and a manufacturing or merchandising…

A:

Q: Why is reduce inventory cost is an advantage of inventory outsourcing?

A: Inventory is defined as the goods as well as materials, which has the business holding for an…

Q: Which of these is a Material control technique: a. Control over slow moving and non moving items…

A: Material control aims at dispensing with and limiting all sorts of wastes and losses whereas the…

Q: What is an upstream sale of inventory?

A: The upstream sale of inventory is an inter-company transaction between the parent company and the…

Q: Explain the rationale for the ceiling and floor in the lower-of-cost-or-market method of valuing…

A: Definiton: Lower of cost or NRV: The meaning is lower of cost or net realizable value. Inventories…

Q: Leah Clement believes that the allocation of cost of goods available for sale should be based on the…

A: Cost of Good Sold: Cost of goods sold (COGS) refers to the direct costs of manufacturing the…

Q: Define the term Purchase Volume?

A: INTRODUCTION Purchases  In accounting, the cost of making purchases during a time period with the…

Q: What are some inventory ordering costs? As defined here, are thesecosts fixed or variable?

A: Inventory ordering cost can be define as the cost that is incurred by the firm during order…

Q: Define the term merchandiser.

A: Cost accounting system: Cost accounting system of an organization consists of procedures and…

Q: why service industry not involved production cost and retail industry involve in production cost?

A: In the method of Job costing a particular service is obtained by allocating costs to a distinct…

Q: What purpose does a purchasing department serve?

A: Purchasing Department: The purchasing department accommodates the organization for the inventory…

Q: What would be the reason a compony would overstate income

A: If the value of a business seems to be too good to be true, the business might have overstated their…

Q: When would slicing and dicing be an appropriate OLAP tool? Give an example of inventory

A: OLAP means Online Analytical Processing. It includes decision support, modeling, information…

Q: What are some specific inventory carrying costs? As defined here,are these costs fixed or variable?

A: Examples embrace cash spent on feat product, interest paid on a procurement, interest lost once…

Q: Which of the following is true of abnormal spoilage? a. It is considered to be part of production.…

A: Spoilage refers to materials or components that have been damaged, which are beyond the capacity of…

Q: What is the distinction between service and merchandisingcompanies?

A: Despite the fact that marketing organizations and administration organizations adjust to sound…

Q: How are a merchandiser's  inventories different from the inventories of a service-oriented firm .

A: Solution:- Merchandiser’s inventories different from the inventories of a service-oriented firm:-…