I suggest looking up the definition of each of them. Write them down when your doing it. The answer to your question though is A. Entrepreneurs.
Answer:
its demand increases and when the price of a commodity rises,
Explanation:
demand decreases other things remaining constant.
Answer:
COGS= $16,732.5
Explanation:
Giving the following information:
Mar. 1 Beginning Inventory 1,000 $7.20
Mar. 10 Purchase 600 7.25
Mar. 16 Purchase 800 7.30
Mar. 23 Purchase 600 7.35
Marvin sold 2,300 units of inventory during the month.
<u>First, we need to calculate the weighted average price per unit:</u>
Weighted-average cost per unit= (7.2 + 7.25 + 7.3 + 7.35) / 4
Weighted-average cost per unit= $7.275
<u>Now, the cost of goods sold:</u>
COGS= 7.275*2,300
COGS= $16,732.5
Answer:
The allocation method use if a company calculated the final sales value of its various products that are manufactured and then subtracts out identified separable costs is <u>Direct Allocation Method</u>
Explanation:
The direct method allocates costs directly to the producing departments based on relative use.
This method subtracts reciprocal services that incur additional costs For example, this method would ignore service provided by the data processing department to other support departments, such as personnel or maintenance.
Final sales value of its various products and services that are manufactured and the costs form a portion of the overhead cost of production, which is then allocated to inventory and the cost of goods sold.
This method provides a better picture of how costs are incurred, but requires more accounting effort. It also tends to delay the recognition of expenses until a later period, when some portion of the produced goods are sold.
Identified separable costs are then subtracted from final sales value.
