Answer:
c. $ 98,000
Explanation:
The cost of goods manufactured is determined by adding the total manufacturing cost and adjusting it for the difference in work in process balances.
Direct Materials Used $ 19,000
Direct Labor Used $ 24.500
Factory Overhead <u>$ 55.100</u>
Total manufacturing cost input $ 98,600
Add: Opening work in process $ 10.700
Less: Closing work in process <u>$ (11,300)</u>
Cost of goods manufactured <u>$ 98,000</u>
Enzymes are biological catalysts that increase the rate of chemical reactions without being used up. The most common enzyme types used in the Household care industry are proteases (example: powder labelled as meat tenderizer which reduces meat's toughness.<span>, cleaning agents,...) .E</span><span>nzymes found in some toothpastes include papain (claimed to help whiten teeth) and lysozyme (kills bacteria).</span>
Answer:
The correct answer is: increase relative to Industry B.
Explanation:
The marginal revenue product measures the conribution of each additional unit of input employed in the production process. It is calculated as the product of price of product and marginal product of input.
The profit maximizing level of wage is when the marginal revenue product of labor is equal to wages.
Suppose there are two goods, A and B respectively.
When the price of good A increases relative to good B, the marginal revenue product of labor employed in production of good B will increase as well.
This will cause the wage rate of those workers to increase in comparison to workers in industry B.
Answer:
$4,697.04
Explanation:
In simple words , this question requires us to find the Future Value in 5 years time. We compound the Present Value using the effective interest rate to determine the Future Value of an investment.
<em>PV = $3,000.00</em>
<em>P/YR = 12</em>
<em>N = 5 x 12 = 60</em>
<em>I = 9 %</em>
<em>PMT = $0</em>
<em>FV = ?</em>
Using a Financial calculator to enter the parameters as above the Future Value (FV) is $4,697.04
therefore,
In 5 years time, you will have $4,697.04.
Answer:
a. $(8000)
b. Company should choose alternative 1 and make bottles.
Explanation:
Particulars Make Bottles Buy Bottles Differential
Alternative 1 Alternative 2
Purchase Price 0 $37 $(37)
Freight Charges 0 $4 $(4)
Variable cost $33 $33
Fixed Cost $17 $17 0
Cost per unit $50 $58 $(8)
Income / (Loss) $50,000 $58,000 $(8,000)
b. The company should choose alternative 1 and make bottles. The buying of bottles will cost company loss of $8,000.
