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natali 33 [55]
4 years ago
8

Consider the following budget information: materials to be used totals $69,750; direct labor totals $198,400; factory overhead t

otals $394,800; work in process inventory January 1, 2010, was expected to be $189,100; and work in progress inventory on December 31, 2010, is expected to be 197,600. What is the budgeted cost of goods manufactured?
a. $662,950
b. $671,450
c. $654,450
d. $1,049,650
Business
1 answer:
GuDViN [60]4 years ago
5 0
The answer is C.)$654,450
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The income effect of an increase in the price of salmon A. refers to the effect on a​ consumer's purchasing power which causes t
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Answer:

The correct answer is option A.

Explanation:

The income effect refers to the change in the quantity demanded of a commodity due to change in the price level because, consumer's purchasing power changes as well.

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The income effect can be both direct and indirect.

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3 years ago
The following information is available for Chap Company.Sales: 350,000Cost of goods sold: 120,000Total fixed expenses: 60,000Tot
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Answer:

A. Contribution margin of $250,000 and C. Gross profit of $230,000.

Explanation:

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Cost of goods sold = $120,000

Total fixed expenses = $60,000

Total variable expenses = $100,000

Therefore,

Gross profit = Sales - Cost of goods sold

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Contribution margin = Sales - Total variable cost

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The right options are A. Contribution margin of $250,000 and C. Gross profit of $230,000.

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4 years ago
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