Product-by-value analysis is the answer. Hope it helps!
Answer:
product life-cycle theory
Explanation:
Based on the information provided within the question it can be said that theory that was used to explain this was the product life-cycle theory. This is a theory that explains how all the parts and labor that are associated with a product are performed/created where the product was invented until the point where the product becomes adopted worldwide, then production spreads around the world.
Answer:
The correct answer is C
Explanation:
Cost of goods manufactured (COGM) also known as the cost of the goods completed, it computes the aggregate value of the inventory which was produced during the year and is ready for sale in the market.
The budgeted amount of COGM is computed in the same way as the actual cost of goods manufactured is computed, except the budgeted amounts, the formula is:
COGM = Direct Labor Used + Direct Materials Used + Manufacturing Overhead applied + Work in Progress Inventories (Beginning WIP inventory + Ending WIP Inventory.