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: Determines the standard of life of a nation over the long term.
Explanation:
Economists believe that the economic growth of a country determines the standard of living of its people over the long term which is why measures such as GDP per capita exist.
They argue that if the economy is growing, more wealth will be created for citizens to access and the higher production of goods and services will give citizens more choice on what to buy to be able to improve their standard of living.
Answer:
Direct;indirect.
Explanation:FDI(FOREIGN DIRECT INVESTMENT) This is a term used in an economy to describe the investments done in a given country by foreigners or foreign companies in this case the foreigners or their companies have control over the entity formed in that host nation,it is usually evaluated periodically to know what the value of such an investment is. Through Foreign direct investment direct jobs ( jobs directly connected to the new company like it's workforce) and indirect jobs( jobs not directly linked with the new company like those who make supply spares etc).
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