Yes ,it's true ,thus minimising trade barriers
Answer:
b) $54,500
Explanation:
Beginning balance of raw material = $27,500
Ending balance was = $51,000
Purchases = $78,000
Direct cost of raw material is the net of the addition of the opening balance of raw materials and purchases less the closing balance. The manufacturing overhead cost is a mix of all the indirect cost incurred during production.
As such, the manufacturing overhead cost of $118,500 consisting of $3,500 consisted of raw materials would not be considered in determining the direct raw material cost.
Direct cost of raw material = $27,500 + $78,000 - $51,000
= $54,500
Answer:
Social responsibility
Explanation:
Social responsibility is an obligation of a business firm to act in ways that are good to the society. A business firm must act in a way that will benefit the society.
It suggest that a business firm must be concerned about the welfare of the people in the community.
It is ethical of a business to consider the welfare of the people before taking any action in the society. This implies that, a business firm shouldn't only consider making profit or expanding their business but should take into consideration the wellbeing of the people around them.
Social responsibility is not only performed by a business firm but also the duty of every individual that is capable of impacting the environment.
Every individual and business firm should impact the environment in a positive way and Improve on the wellbeing of people dwelling in the environment.