Answer:
The result generated by the method change must be expressed within the income statement as an extraordinary result.
And within the statement of financial situation, a note must be included where the change of method is reported and what the valuation of the inventory would have been if the method had not been changed.
Answer:
C. Consumer surplus to increase
Explanation:
Sugar is a cost of production. With the cost being lower, costs of production for candy bars are lower. Supply shifts right, extra CS.
Answer:
(a) Total manufacturing costs = $685,000
(b) Total cost of work in process = $721,000
Explanation:
(a) Compute total manufacturing costs.
Total manufacturing cost can be described as the total cost that a manufacturing company incurred within a reporting period to produce goods. This can be computed using the information provided in the question as follows:
Total manufacturing cost = Direct materials used + Direct Labor + Total manufacturing overhead = $199,000 + $238,000 + $248,000 = $685,000
(b) Compute total cost of work in process.
Total cost of work in process refers to the aggregate cost of partially completed goods. This can be computed using the information provided in the question as follows:
Total cost of work in process = Beginning work in process + Total manufacturing costs = $36,000 + $685,000 = $721,000
Answer:
The advertiser should optimize the Clicks metric
Explanation:
Remember, we are told that the products are complex and require more detailed explanation than possible in the ads, so it implies improving the clicks metric (number of clicks per user) allows the advertiser to understand whether the users are interested in the ad or web page so as to adjust strategy accordingly.
Answer:
Exporting
Explanation:
Exporting refers to the sale of goods and services to a country different from the one in which they were produced. According to this, the answer is that in this scenario, Infinite Coffee's activities best illustrate exporting because the company sells the coffee to merchants in foreign markets.
