Answer:
अपना घर बनाने का सही ठ।उ ढूंढ रही थी
Answer:
Sunland Company
Cost of goods manufactured Schedule
For the year ended
Work in progress 15,470
Direct Materials
Raw material 22,250
Add: Raw material purchased <u>154,500</u>
Total raw material available for use 176,750
Less: Raw material inventory <u>32,850</u>
Direct material used 143,890
Direct labor 225,290
Manufacturing overhead <u>183,120</u>
Total manufacturing costs <u>552,300</u>
Total cost of work in progress 567,770
Less: Work in process inventory <u>18,560</u>
Cost of goods manufactured <u>549,210</u>
Answer:
Capitalism
Explanation:
Private individuals or firms own economic resources and control their use.
Voluntary trade is the mechanism that drives activity in a capitalist system.
The owners of resources compete with one another over consumers, who in turn, compete with other consumers over goods and services.
Answer and Explanation:
Market for Factors of Production:
Antonio earns $275 per week working for Spotless Car Wash.
Market for Goods and Services:
Caroline spends $10 to get her car washed.
Antonio spends $150 to purchase a necklace from Classy's Jewelry Store.
Which of the elements of this scenario represent a flow from a household to a firm?
The $150 Antonio spends to purchase a necklace from Classy's Jewelry Store
The actual economy is more complicated than the one illustrated in the previous circular-flow diagram of a simple economy - false
The circular flow of income represents the flow of economic exchanges between economic agents in the economy. If a household provides the labor factor of production, it is paid and uses the same money to purchase from the same firms that produce goods and services. This is a cycle and actually doesn't get more complex than this in real life, only involves alot more firms or economic agents.
Answer:
Cost of Goods Sold 70 Inventory 70
Explanation:
For recording the inventory in the book of accounts, we consider the cost or net realizable value whichever is lower
According to the question, the inventory unit for A would be recorded at $655, and the inventory unit for B would be recorded at $505 as these reflect the lower cost.
The journal entry is shown below:
Cost of goods sold A/c $70 ($575- $505)
To Inventory A/c $70
(Being adjusted entry recorded)
