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1 year ago

Points lying ______ the production possibilities curve are attainable but reflect less total output than can be produced.

1 answer:

7 0

Points lying inside the production possibilities curve are attainable but reflect less total output than can be produced.

Production is the process of combining various tangible and intangible inputs to produce something for consumption. It is the act of creating an output, goods, or services that are of value and contribute to an individual's benefit.

Production is the process of making, harvesting, or creating something, or the quantity of something manufactured or harvested. An example of production is the manufacture of furniture. An example of production is harvesting corn for food. An example of production volume is the production volume of corn.

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Use the cost information below for Sundar Company to determine the total manufacturing costs added during the current year:

astra-53 [7]

Answer:

cost of goods manufactured= $98,000

Explanation:

Giving the following information:

Direct materials used $19,000

Direct labor used 24,500

Factory overhead 55,100

Beginning work in process inventory 10,700

Ending work in process inventory 11,300

<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>

<u></u>

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

cost of goods manufactured= 10,700 + 19,000 + 24,500 + 55,100 -11,300

cost of goods manufactured= $98,000

7 0

2 years ago

A measure such as direct labor-hours or machine hours used to assign overhead costs to products and services is called a cost dr

MrRissso [65]

A measure such as direct labor-hours or machine hours used to assign overhead costs to products and services is called a cost driver or an allocation base.

An entity allocates its overhead costs on the basis of an allocation base. An allocation basis is a measurement, such as the amount of square footage occupied, kilowatt hours consumed, or machine hours used.

Cost accounting assigns overhead expenses using an allocation base. An allocation base can be a quantity, such as the amount of machine hours used, kWh spent, or occupied square footage.

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3 0

1 year ago

Bird Brain Co. reported net income of $45,000 for the year ended December 31, 2016. January 1 balances in accounts receivable an

Alika [10]

Answer:

Option (A) is correct.

Explanation:

Cash flow from Operating Activities:

= Net income + (Beginning Accounts receivable - Ending Accounts receivable) + (Ending Accounts payable - Beginning Accounts payable)

= $45,000 + ($23,000 - $22,000) + ($28,000 - $26,000)

= $45,000 + $1,000 + $2,000

= $48,000

Therefore, Bird Brain's cash flows from operating activities would be $48,000.

5 0

3 years ago

A firm has total assets of $2,060,000. it has $847,000 in long-term debt. the stockholders equity is $647,000. what is the debt

Julli [10]

I believe the answer is 67% hope this helps

5 0

3 years ago

Which of the following would be considered a DISADVANTAGE of the use of above-market compensation? A. It may encourage voluntary

-BARSIC- [3]

Answer:

E. It may encourage a sense of entitlement among employees.

Explanation:

Above the market, compensation in the form of wage strategy in which the organizations initiates high salaries to the employees. High salaries are provided to the employees to attract them and to retain them in the team. This is done to maintain the caliber of the group and for the smooth flow among the team members.

4 0

3 years ago