We can calculate the
cost of goods manufactures using the formula:
Total Cost = Cost of
Direct Materials + Direct Labor Cost + Overhead Cost – Inventory
Substituting the known
values:
<span>Total Cost = $35,000 + $73,000 + $114,000 – ($32,000 - $28,000)</span>
Total
Cost = $218,000 -----> ANSWERWe
deduct the initial from the final inventory to get the balance.
<span> </span>
Answer:
They will decrease as production decreases
Explanation:
Total Variable cost is sum of all the cost incurred in production of total units of goods produced. It is directly proportional to the number of units of goods produced. It helps to analyze cost structure of goods and then decide on pricing strategy of the goods. Some of the examples of variable cost can be packaging cost, raw material’s cost.
Mathematically it can be defined as
Total variable cost = Total units of goods produced * variable cost for one unit of good produced
Hence from the given option They will decrease as production decreases as the number of units of goods produced will decrease and hence lesser raw material and packaging will be required to produce the goods.
Answer:
Soooooooooooooo the examples of secondary consumers include bluegill, small fish, crayfish and frogs.
Explanation:
The definition for interest in terms of finance is interest is the cost of borrowing. Therefore the correct option is (B).
<h3>What is Finance?</h3>
Finance refers to the money or the funds required by the company to undertake the business projects. Here, finance is the separate field of the study taught to the management students.
Interest refers to the amount charged to the borrower to the lender on the loan facility provided to them. Every lender charges the rate of the interest according to his will.
Bank also charge the rate of the interest on the loan provided to the customer. Therefore the correct option is (B).
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The general rule you are refering is that it should not exceed greatly the credit term period. Rules that do not apply in this case is the 30 days exceed rule, the rule that says that it can be any length as l<span>ong as the customer cont<span>inues to buy merchandise, and the rule that says that it should not greatly exceed the discount period. </span></span>
