Answer:
kill me
Explanation:
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A type of production that focuses on making a large number of a few products rather than customer preferences is called mass production.
<h3>What is mass production?</h3>
Mass production is also referred to as continuous production or flow production and it can be defined as a type of production that focuses on manufacturing large quantities of a standardized product and it doesn't concern itself with customer preferences.
This ultimately implies that, mass production is mainly focused on making a large number of a few products rather than being focused on customer preferences. Also, the production is usually in a constant flow and automated by a mechanical process.
Read more on mass production here: brainly.com/question/744854
Answer:
Explanation:
The journal entries are shown below:
On July 15:
Retained earning A/c Dr $169,000
To Dividend payable $169,000
(Being cash dividend declared is recorded)
On Aug 15:
No journal entry is required on the date of declared
On Aug 31:
Dividend payable A/c $169,000
To Cash A/c $169,000
(Being dividend is paid is recorded)
Answer:
Unit cost= $5,5unit
Explanation:
Total manufacturing cost is the aggregate amount of cost incurred by a business to produce goods in a reporting period.
Generally accepted accounting principles require that the cost of goods sold shall consist of:
the cost of direct materials
the cost of direct labor
the cost of manufacturing overhead
Expenses that are outside of the manufacturing facilities, such as selling, general and administrative expenses, are not product costs. They are reported as expenses on the income statement in the accounting period in which they occur.
<u>In this exercise:</u>
Cost of goods manufactured:
Direct materials= $13700
Direct Labor=$4800
Factory overhead= 800hours*$25=$20000
Total= $38500
Unit cost= 38500/7000=$5,5unit
