Tim should be in governance.
Suzette should be in planning
Answer:
See below
Explanation:
1. Classify each of the products as period or product cost .
Direct materials - Product cost
Direct labor - Product cost
Manufacturing overhead - Product cost
Selling expense - Period cost
2. The total product cost for last month is calculated as;
= Direct materials + Direct labor + Manufacturing overhead
= $8,000 + $3,100 + $2,500
= $13,600
Therefore, total product cost for last month is $13,600
Answer:
d. variable costs are less than revenues
Explanation:
If the revenues of a company are more than the variable costs, it means the business is covering its variable costs and have additional revenues to meet its fixed costs. The success of a business depends on the outcomes of its revenues and output. A company output must meet demand and generate revenue.
Revenues that are higher than variable costs result in profitability. If the output is huge, the business will cover variable and fixed costs and make profits. Should the revenues fail to meet variable cost, the operation is headed for a shutdown.
A scene from a popular movie that shows an involuntary exchange (where a buyer or seller is forced to participate) could be in Star Wars, where it fictionally demonstrates the conquest of different planets and galaxies by force, through theft, destruction and violence.
If the exchange were voluntary, the negotiation would take place in a way that is beneficial to both the buyer and the seller, where each would be involved in a legal and ethical agreement to carry out a transaction.
<h3 /><h3>What is the benefit of voluntary exchange for the economy?</h3>
It assists in the positive development of the market, as voluntary exchange ensures that buyers and sellers benefit from an exchange process, which is an essential principle for the global free trade system.
Therefore, voluntary exchange must be promoted in the world economy, where nations exchange resources in ways that benefit local economic development.
Find out more about voluntary exchange here:
brainly.com/question/26349405
#SPJ1
