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3 years ago

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

Business

1 answer:

denis23 [38]3 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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A graphical analysis of tariffs reveals that Multiple Choice they benefit domestic consumers at the expense of domestic producer

BARSIC [14]

A graphical analysis of tariffs reveals that they increase domestic production of the good for which imports face tariffs.

A tariff is a form of tax levied on the import of certain goods and services. Import goods are goods that are brought into a country from another country.

Tariffs increases the price of imported goods. This discourages importation of those goods. As a result, there is less competition between foreign produced goods and domestic production. This boosts domestic production.

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4 0

3 years ago

The number of employees in a company is reduced in the ratio 3 : 2 and the salary of each employee is increased in the ratio 4 :

Doss [256]

Answer:

The initial expenditure of the company on salary is Rs. 72.000

Explanation:

First we need to express the employees ratio in letter

3A=B

2C=D

A and C being the amount of employees

B the salary before, D the salary after

They say the salary after is the slary before minus Rs. 12.000

we can express this as D=B-12.000

We know to that the salary of each employee increased 4 to 5

Then C=(5/4)A or A=(4/5)C

We can have the following equation

2((5/4)A)=B-12.000

A=(2/5)(B-12.000)

we use this in the first expression

3(2/5)(B-12.000)=B

1,2B-14400=B

0,2B=14400

B=72.000

6 0

3 years ago

which of the following is often associated with an increasing employment rate of women in living wage occupations? a.) less acce

maw [93]

<u>Higher standard of living for families</u> is often associated with an increasing employment rate of women in living wage occupations

Option B is correct.

<h3>Standard of living:</h3>

Standard of living refers to the position of wealth, comfort, material goods, and musts available to a certain socioeconomic class or geographic area. Quality of life, on the other hand, is a private term that can measure happiness.

<h3>Why is the standard of living important? </h3>

Standard of living can affect multiple factors of a population, including happiness and productivity. This is important because the lesser productivity and happiness are, the better off an frugality tends to be as a whole.

<h3>What factors affect standard of living?</h3>

The standard of living is measured by effects that are fluently quantified, similar as income, employment openings, cost of goods and services, and poverty. Factors similar as life expectation, the affectation rate, or the number of paid holiday days people admit each time are also included.

Learn more about standard of living:

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4 0

1 year ago

Merchandise was returned to a supplier. The goods were previously purchased on account. The goods had not been paid for and ther

irina [24]

Answer:

Debit Accounts Payable, and Credit Purchase Returns and Allowances

Explanation:

The adjusting entry is shown below:

Account Payable A/c Dr

To Purchase Returns and Allowances

(Being return of goods is recorded)

Since the goods are purchased on credit, and due to some issues the goods are returned So, the account payable account should be debited and the purchase return and allowances should be credited.

5 0

3 years ago

Suppose that a company needs 1,500,000 items during a year and that preparation for each production run costs $900. Suppose also

bulgar [2K]

Answer:

30,000 units

Explanation:

we can use the economic order quantity formula:

EOQ = √(2SD/H)

where:

S = order cost (per purchase order) ≈ production run cost = $900
D = demand in units (annual basis) ≈ production requirement = 1,500,000 units
H = holding costs (per unit, per year) = $3 per item, per year

EOQ = √[(2 x $900 x 1,500,000) / $3] = 30,000 units

5 0

4 years ago