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4 years ago

Which of the following represents the correct formula for calculating cost of goods manufactured?

Business

1 answer:

denis23 [38]4 years ago

6 0

Answer:

B) Direct materials used + direct labor + factory overhead + beginning work in process - ending work in process.

Explanation:

The formula to compute the cost of goods manufactured is shown below:

= Direct material used + Direct labor + Manufacturing Overhead

where,

Manufacturing Overhead equal to

= Factory overhead + Beginning work-in-process - Ending work-in-process

Or we can say that

Direct material used + direct labor + factory overhead + beginning work in process - ending work in process

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Assume that John and Jane each work 24 hours. What happens to total production if instead of each person spending 12 hours produ

Vesnalui [34]

Answer:

A. The total production of bread and wine rises

Explanation:

<u>Note: The question appeared incomplete as neither John's nor Jane's production efficiency is provided. A similar question has been attached for reference purpose upon which this answer is based</u>.

Jane takes 2hrs for making a bottle of wine while John takes 3 hours for preparing a bottle of wine. Hence Jane is more efficient in production of wine than John and if Jane devotes more hours to wine production, the production of wine shall rise.

Similarly, John is more efficient in production of bread as he takes 1 hour for producing a loaf of bread against Jane who takes longer i.e 1.5 hours. Thus, if John devotes more time in preparing bread, the production of bread shall rise.

Hence, the correct answer is (A). The total production of bread and wine each rises.

4 0

3 years ago

Under market organization, individuals can communicate their preferences to other decision makers directly, through communicatio

frez [133]

Answer:

2. False

Explanation:

Market organization refers to the ways goods and services are bought and sold in the market.

Under market organization, individuals can communicate their buying decisions and their preferences and tastes directly to their peers and known ones which eventually affects the latter's decision making. This is a direct way of communication.

Similarly, another form of communication would be indirect wherein an individual conveys his/her choice of with whom they want to transact with rather than their preferences. Here the communication is indirect and this is a realistic possibility.

Hence the given statement is false.

3 0

4 years ago

Match each Zara System feature with a Toyota Production System feature. Each option (A through E) should be used exactly once, i

viva [34]

Answer:

Matching Zara System Features with Toyota Production System Features

Zara System feature Toyota Production

System feature

- Less than 2 weeks from drawing

board to store Pull system

- All storefronts are designed centrally Pathway Rule

- Direct shipments from factory to store Just-In-Time

- Small collections to minimize markdowns Inventory > need is waste

- New designs based on sales patterns Standardized work

- Zara regulars look for black plastic hangers Visual Management

Explanation:

A. Pull system: limited work in process; orders are placed on demand.

B. Standardized work: sequential documentation of work processes.

C. Visual Management: involves visual communication of work expectations, performance standards, or variance warnings.

D. Inventory > need is waste: This specifies inventory optimization.

E. Pathway Rule: This rule dictates a simple and direct pathway for every product or service without encouraging decision forks.

F. Just-In-Time: matching production schedules or store demands with supplies in order to reduce inventory costs, reduce wastes, and increase supply-chain efficiency.

4 0

3 years ago

Under _____, a company compares some dimension of its performance to that of another firm, be it a competitor or in a totally di

denis-greek [22]

Under Price discrimination, an organization compares a few dimensions of its performance to that of another company, be it a competitor or in a totally distinctive industry.

Charge discrimination is a promoting method that fees clients one-of-a-kind charges for the same products or services based on what the seller thinks they can get the patron to comply with. In natural price discrimination, the vendor fees every customer the most fee they'll pay.

Charge discrimination refers to charging distinct clients special costs for the same true carrier. The Sherman Antitrust Act, Clayton Antitrust Act, and Robinson-Patman Act outlaw price discrimination while the intent of that discrimination is to harm competitors.

Price discrimination in a monopoly is a practice of charging extraordinary costs for an equal product. Monopolies generally have extra control over providers than ordinary sellers, which means that they can notably impact the providers' promoting prices.

Learn more about Price discrimination here: brainly.com/question/23342760

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3 0

2 years ago

The apr of emilio's savings account is 3.2%, and interest is compounded quarterly. if emilio does not withdraw or deposit any ad

butalik [34]

The answer is 9601.19

5 0

3 years ago