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MakcuM [25]
3 years ago
13

Cost of goods sold

Business
2 answers:
never [62]3 years ago
8 0

Answer:

The correct option is d.

Explanation:

Cost of goods sold: The cost of goods sold is that cost which sells the product at the cost price. It is directly related to the production level.

Example: purchase price, raw material cost, labor cost, etc.

It includes administration costs but not include research and development cost.

Neither it is found on the balance sheet, it shows on the income statement.

Nor, it records partly completed goods because it has come under work in progress.

So, the A,B, and C are incorrect statements while D is the correct statements.

Hence, the correct option is d. Cost of goods sold is the total product cost for the units sold during a period.

Natalija [7]3 years ago
4 0

Answer:

The correct answer to the following question is option D) this is the total product cost for the units that are sold during a period .

Explanation:

COGS which is also know as cost of goods sold, can be described as the cost which is directly attributable to the production of products or goods that are sold by a company during a given period of time. In this cost we will include the material cost and direct labor cost which is incurred while producing the goods and indirect expenses like sales cost and distribution cost would not be included.

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Answer:

epigenetics is the term used to describe inheritance by mechanisms other than through the DNA sequence of genes. It can apply to characteristics passed from a cell to its daughter cells in cell division and to traits of a whole organism.

Explanation:

7 0
3 years ago
The manager believes that an employee should be able to wrap a present within 30 minutes. The employee wraps 1 present every 25
Andreas93 [3]

Answer: 140%

Explanation:

Efficiency refers to how productive a person is in regards to how production they should be.

Formula is:

= Standard time / Actual time * 100%

= 35/25 * 100%

= 140%

3 0
2 years ago
A company's fixed operating costs are $420,000, its variable costs are $3.20 per unit, and the product's sales price is $4.65. W
Hatshy [7]

Answer: The volume of sales that will result in a break-even point is 289,655 units

Explanation: For any organization or company to break-even means its total costs is just the same as its total revenue. This means no profit, and no loss either. Or better still, profit/loss equals zero.

The equation to determine the profit or otherwise of an organization is given as Revenue minus Cost. That is, the sales figure should exceed the cost of production, and the excess would be the profit. If on the other hand the cost of production exceeds the sales figure, then the equation would result in a negative figure which simply means a loss has been recorded.

In the question above, the costs have been given as;

Fixed cost = 420000

Variable cost = 3.2y

Total cost = 420000 + 3.2y

Where y is the number of units produced.

Also the revenue has been given as 4.65y

That is, sales price multiplied by number of units produced/sold

The profit is given as revenue minus cost while the break-even point is given as revenue equals cost, that is;

420000 + 3.2y = 4.65y

Collect like terms and you have;

420000 = 4.65y - 3.2y

420000 = 1.45y

Divide both sides by 1.45

289655.172 = y

y ≈ 289,655

Therefore the sales volume that will result in a break even point is 289,655 units

7 0
3 years ago
What is interest earned on bonds called?
____ [38]
They are called fix income securities 
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3 years ago
The growth rate is a measure of the rate at which a countrya's population is increasing. Please select the best answer from the
Bond [772]

The growth rate is a measure of the rate at which a country's population is increasing.

The growth rate of a population measures the percentage increase in the value of a quantity.

For example, if the growth rate of a population is 10%, if the town currently has 1000 people, next year population would be: 1000(1.1) = 1100 people.

Factors that leads to increases in a population

  • Migration
  • Birth

To learn more, please check: brainly.com/question/15133607

3 0
3 years ago
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