Answer:
The answer is <u>"1.80 pounds".</u>
Explanation:
Standard quantity of material = ?
material required = 1.2 pounds
dot allows pounds of waste = 0.25 pounds
Amount of rejected material = 0.35 pounds
We can find standard quantity of material by adding the amount of material required, amount of material required for waste and amount of rejected material.
Standard quantity of material = 1.2 pounds + 0.25 pounds + 0.35 pounds
=<u> 1.80 pounds</u>
Answer:
The correct answer is False.
Explanation:
The law of demand states that a higher price results in a lower quantity demanded, and that a lower price leads to a greater quantity demanded.
An increase in the price of a good or service almost always decreases the quantity demanded of that good or service. Conversely, a price drop will increase the quantity demanded. For example, when the price per liter of gasoline increases, people look for ways to reduce their consumption by combining several chores, moving in a shared vehicle or on public transport, or spending the weekend and vacations in places near their home. Economists call this inverse relationship between price and quantity demanded law of demand. The law of demand assumes that all other variables that affect demand remain constant.
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Answer:
a. $8,600
Explanation:
The cost of goods manufactured equation is the sum of the total manufacturing costs (i.e all direct materials, direct labor, and factory overhead) and the beginning work in process inventory also subtracting the ending goods in process inventory.
The total raw materials was $8600 of which $6000 was debited to work in process and $2600 was debited to manufacturing overhead. The work in process is the cost of direct materials, hence the cost of good manufactured is given as the total raw materials which is $8600
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