Answer: Discretionary fiscal policy
Explanation: Discretionary fiscal policy is a tool of fiscal policy used by the government to expand or shrink the economy as per the need. While performing such policy the government changes the level of tax collection or the amount of expenditure done on the economy.
It is a deliberate action by the policy makers and do not automatically accelerates while during inflation or deflation.
Answer:
$81,500
Explanation:
As per the data given in the question,
The computation of the cost of goods manufactured is shown below:
Before that first we need to do following calculations
Direct material = $12,000 + $23,000
= $35,000
Direct labor = $11,000 + $20,000
= $31,000
Overhead applied = 50% of direct labor
= 50%×$31,000
= $15,500
Cost of goods manufactured = Direct material + Direct labor + Overhead applied
= $35,000 +$31,000 + $15,500
= $81,500
Answer:
baseially you are putting in a person is affecting your life. you come up with a solution. write a postive way to solve it then right a negavitve way to solve it. then write when you are going to solve your problem. then the steps that are needed.
Answer:
Closing Stock = <u>38000 </u>
Explanation:
Net Sales = COGS + Gross Profit
- <u>Net sales</u> = sales - sales return = 185000 - 6000 = 179000
- <u>Gross Profit</u> = 60% of sales (as per gross profit ratio)
= 60% of 179000 = 107400
- <u>COGS </u>= Opening Stock + Net Purchase + direct expenses - Closing Stock
* <u>Net purchase</u> = Purchase - purchase return = 111000 - 4500 = 106500
*<u>Direct Expense</u> = Freight Inwards = 3100
Putting all values in formula :- Net Sales = COGS + Gross Profit
179000 = (0 + 106500 + 3100 - closing stock) + 107400
179000 = 106500 + 3100 + 107400 - closing stock
179000 = 217000 - closing stock
closing stock = 217000 - 179000
closing stock = 38000
This statement is false.
Conversion and direct materials are generally both not added at the end of the production process. As a matter of fact, they are either added at the beginning, or in the middle of the process, but definitely not at the end because then it would be too late.
