Swifty corporation has a beginning and ending work in process inventories of $190000 and $205000 respectively. if total manufacturing costs are $680000 then the total cost of goods manufactured will be (Manufacturing cost + Begining work cost - Ending work cost) i.e., $680000 + $190000 - $205000 = $665000.
Manufacturing cost is the sum of fees of all sources eaten up inside the process of creating a product. the production cost is assessed into three categories: direct materials value, direct labor cost, and production overhead. it's miles an issue in the total shipping cost.
manufacturing cost play a critical part in the successful design and manufacture of a product. based on the version of delivered value, the production charges must be much less than the cost added to allow a profit to be made. therefore, the cost of the design and manufacture of a product is vital in ensuring fulfillment.
And we can genuinely speak about the factors that force the producing expenses of your challenge — matters like the fee of uncooked substances, exertions costs, overhead, earnings margin, and the forms of manufacturing procedure your product requires.
the producing price is classed into three categories: direct substances fee, direct exertions value, and production overhead.
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Answer:
Supply would increase
Supply would decrease
Supply would decrease
Supply would increase
Supply would increase
Supply would decrease
Supply would increase
Explanation:
A decline in the number of firms in the tire industry reduces the supply of auto tires.
An increase in an input in the production of tires increases the cost of production of tires and this would discourage supply. Supply would fall.
Subsituite goods are goods that can be used in place of one another.
If the price of large tires decrease, suppliers would shift from producing large tires to auto tires. Supply of auto tires would increase.
A tax would increase the cost of production, so supply would fall as A result.
A subsidy encourages production of a good. Subsidy reduces the cost of production and as a result, supply would increase.
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Answer:
land, labor, capital, information, risk exposure and business reputation, Money and gas