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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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The final stage in the personal selling process is referred to as
vaieri [72.5K]

The final stage in the personal selling process is referred to as the follow-up stage.

 

Professional selling does not end with the closing of a sale, it further requires customer follow-up. In the follow-up stage, it is ascertained that the customer's purchase has been properly executed and that difficulties experienced with the use of the item are attended to.

3 0
4 years ago
The California Food Handler Card law requires food handlers to _____.
aalyn [17]

Answer:

undergo basic food-safety training

Explanation:

The California Food Handler Card law demands that every restaurant employee be trained on food safety practices to eradicate or minimize the possibilities of transmitting diseases. The law requires a reasonable level of training to ensure conformity with best practices in food handling.

Each restaurant must maintain records showing each employee is trained and possesses a valid California Food Handler Card. The card should be availed on request by the local enforcement officials upon request.

7 0
3 years ago
Serena Corporation uses estimated manufacturing overhead costs of​ $880,600 and estimated direct labor hours of​ 200,000 in esta
Deffense [45]

Answer:

the actual hours were 229,866

Explanation:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

the predetermined overhead rate will be the quotient between the expected overhead and the expected value of the cost driver.

880,600 / 200,000 = 4.403

If we allocated 1,012,100

then actual hours x 4.403 = 1,012,100

actual hours = 1,012,100 / 4.403 = 229.866,000

the actual hours were 229,866

7 0
3 years ago
Read 2 more answers
Fill in the blanks with the words given below.
ella [17]

Answer:

1. Benign tumor.

2. Malignant tumor.

3. Metastasis.

4. Cancer

5. Carcinoma

Explanation:

A tissue can be defined as a group of cells that are structurally similar and in close proximity. Tissues are generally responsible for performing specific functions in living organisms such as humans, animals and plants. Therefore, tissues in living organisms function together as a unit.

A tumor can be defined as an abnormal mass of tissue formed when various body cells grow and divide more than its required or fail to when necessary (required). Thus, it usually degenerate into cancerous growths (cancer).

Some of the characteristics and features of tumors and cancer include the following;

1. A benign tumor is a lump of abnormal cells that, although growing out of control, remains at its original site.

2. A malignant tumor is an abnormally growing mass of cells that is actively spreading through the body.

3. A metastasis is the spread of cancer cells from their site of origin to other sites in the body.

4. An individual with a malignant tumor is said to have cancer.

5. The most common type of cancer is a carcinoma this type always originates in tissues that line.

4 0
3 years ago
If a company is considering the purchase of a parcel of land that was acquired by the seller for $96,000 is offered for sale at
Marta_Voda [28]

Answer:

correct option is b. $159,000

Explanation:

given data

purchase land = $96,000

offer sale = $172,000

assessed for tax purposes = $106,000

recognized  purchaser worth = $162,000

purchased = $159,000

solution

we know that when we purchase a parcel of land then

the price paid for by the purchaser is the amount  and that amount is to be recorded in the books

so that land will record in the purchaser books is  $159,000

so correct option is b. $159,000  

5 0
4 years ago
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