Answer:
Explanation:
department 1 transferred cost to department 2:
=$75000+$100000+$125000+$150000-$60000
=$390000
department 2 transferred cost to department 3 is:
=$75000+$50000+$60000+$70000+$390000-$60000
=$585000
journal entry to record the flow of costs into department 3 :
Dr work in process depatment 3 $585,000
Cr work in process department 2 $585,000
Answer:
The correct answer is option b.
Explanation:
The nominal GDP is a measure of economic growth. It shows the quantity of final goods produced in an economy at the current market prices. It is not inflation adjusted and thus includes fluctuations in price level.
The real GDP on the other hand is exclusive of inflation. IT is a inflation adjusted measure and measures the growth in economic output at constant prices.
So, the basic difference between the two is that nominal GDP is based on current prices, while real GDP is based on constant prices.
The US economic system is based on Consumer Sovereignty.
The basis for this is that the government does NOT regulate the economic system, rather it is done by economists, companies, banks, consumers, producers, etc. Freedom from tyranny is true but has nothing to do with the economic system, and the right to bear arms is the second amendment.
Answer:
B, D and E
Explanation:
The sales department is a common component that is all organizations. It is comprised of sales representatives with different skills and abilities. The best persons will share similar characteristics. These are the traits that make them effective and puts them at the top. They include
- Communication skills. A goods salesperson is able to initiate and sustain a conversation with a customer. Clients tend to resist sale representative whose interest is to close a sale as quickly as possible. He or she must provide excellent proposals and quotes to keep the client interested.
- Maintain relationship with clients. A good salesperson maintains a relationship with customers. He or she is not interested in the current deal only, but future prospects too.
- Competitiveness. To achieve sales targets, a good salesperson must demonstrate and maintain assertiveness and aggregation in the marketplace.
Answer:
696,325 Pounds
Explanation:
The computation of the direct material purchase budget is given below:
Here we assume that
one pound = 16 ounces
Now total wax needed is
= Production of Finished Goods × Pounds of wax needed for production
= 730,000 candles × 11 ÷ 16
= 501,875 pounds
Now
Total direct material purchased = (Total Wax needed + Ending Inventory, Jan.31 - opening inventory) × unit price
= (490,625 Pounds + 12,900 pounds - 17,400 pounds) × $1.40 per pound
= 696,325 Pounds