Answer:
Process Costing
Explanation:
Process Costing allows so many units to be in production at the same time which are identical. The cost of each unit can be determined by calculating the average price using to total units produced.
The sale or transfer of goods ordinarily held for sale in course of business is governed by the Uniform Commercial Code.
Whilst a shop lowers its charges via a sale, though, customers are more willing to buy due to the fact they recognize they're now not set as a whole lot of money on the line. extra often than not, customers who like the stuff they buy on sale will turn out to be coming lower back to shop for it once more, despite the fact that it's not priced at a reduction.
The important thing for a retailer is the gross income margin: the percentage of revenue left over from the sale of a product after subtracting the fee of that product – which includes the production, transport, packaging, and different work that goes into it.
A clearance is a unique sort of sale that could appeal to extra customers than traditional sales. this is due to the shop seeking to take away positive items for one cause or any other. the store is probably going out of business, the objects are going out of season, or there is not sufficient room in the shop for new gadgets.
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Answer:
a. $365,000
b. $346,800
Explanation:
The computations are shown below:
a. For product cost:
= Direct materials used + Direct labor + manufacturing overhead
where,
Manufacturing overhead = Indirect labor + Property taxes, factory + Depreciation of production equipment
= $45,000 + $18,900 + $42,200
= $106,100
So, the product cost would be
= $168,100 + $90,800 + $106,100
= $365,000
b. For period cost
= Marketing salaries + Administrative travel + Sales commissions + Advertising
= $51,700 + $100,800 + $50,000 + $144,300
= $346,800
The best answer for this question would be A. :)