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2 years ago

When the price of chocolate chip cookies increased to $3 per package, Samantha began to buy oatmeal cookies

1 answer:

7 0

substitution effect The supply curve slopes upward because at a higher price, producers have an incentive to produce more.

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Compute the Cost of Goods Manufactured and Cost of Goods Sold for Strike Marine Company for the most recent year using the amoun

Alecsey [184]

Answer:

Instructions are below.

Explanation:

<u>First, we need to calculate the direct material used and the manufacturing overhead:</u>

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 22,000 + 74,000 - 34,000

Direct material used= $62,000

Manufacturing overhead:

Insurance on plant $9,500

Depreciation-plant building and equipment 12,600

Repairs and maintenance-plant 3,900

Indirect labor 42,000

Total overhead= $68,000

<u>Now, we can determine the cost of goods manufactured:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 41,000 + 62,000 + 88,000 + 68,000 - 27,000

cost of goods manufactured= 232,000

<u>Finally, the cost of goods sold:</u>

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 13,000 + 232,000 - 21,000

COGS= $224,000

3 0

3 years ago

We determine the net cash flows from investing activities by analyzing changes in _____ accounts from the balance sheet.

Tom [10]

We decide the internet money flows from investing things to do by using analyzing modifications in long-term asset money owed from the stability sheet.

Elevision units that walmart owns for selling to its clients are categorised as equipment.

<h3>What is tools ?</h3>

Equipment is a non modern-day or long-term asset account which reports the fee of the equipment.

Equipment will be depreciated over its beneficial lifestyles by debiting the income assertion account Depreciation Expense and crediting the balance sheet account Accumulated Depreciation (a contra asset account).

<h3>Where does equipment go in accounting?</h3>

When gear is purchased, it is no longer in the beginning said on the earnings statement. Instead, it is reported on the stability sheet as an increase in the constant property line item.

Learn more about long term asset here:

<h3>brainly.com/question/9929994</h3>

5 0

1 year ago

The security model for Universal Containers in Private for the Case object. When a support case is raised by a user with the Cus

vodomira [7]

Answer:Share group

Explanation:

A share group is a professional peer group of individual from NGA member companies. These meeting provide the opportunity for like segments in the independent grocery industry to meet in person, problem solve, swap ideas and help non competing industry partners.

3 0

3 years ago

The person most qualified to assess the overall risk in a work package activity in a project is the:

WINSTONCH [101]

<span>The person most qualified to assess the overall risk in a work package activity in a project is the team member and / or line manager.
The team member cannot be the only one who will assess such risks - he will need to be accompanied by the line manager, or the manager can do it on his own. PR and sponsors do not deal with such actions - PR deals with public relations, and sponsors with giving money.
</span>

4 0

4 years ago

Over the past 30 years, most economies of the world have begun moving toward the market end of a spectrum that ranges from pure

mestny [16]

Answer:

Explanation:

Based on the information provided within the question it can be said that this scenario has led to the United States adding more planned elements to the economy. They are doing this in order to prevent the market from hitting a pure market economy and remaining balanced towards a more planned economy.

4 0

3 years ago