The cost of goods manufactured is $34,000
What is cost of goods manufactured?
The cost of goods manufactured is the cost of the units of finished goods manufactured during the period under review.
The cost of goods manufactured is determined as opening work-in-process plus labor direct costs, direct materials cost, applied manufacturing overhead and thereafter we deduct the ending work in process, note that the estimated overhead is applicable since the materials are computed using the purchase cost
cost of goods manufactured=$13,000+$16,000+$10,000+$17,000-$22,000
cost of goods manufactured=$34,000
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Since the cost of $20,000 has been incurred two years ago, the firm should check and see as to how many units of the product were produced in the two years. Did the firm produce enough items to break even the cost of acquisition. Additionally the business should also check the current market value of this two year old equipment. The business manager should weigh in the savings that is to be obtained from outsourcing along with the resale value of the old machine and then take a declension as to whether the company should go for outsourcing. Also, the business manager must examine whether the outsourcing can happen for the long run. This is because two years down the line, outsourcing may have increased the cost and again another process may look attractive. So a through cost benefit analysis should be made before taking a decision.
Silver Fire Electric Inc is a multinational enterprise.
A multinational enterprise, abbreviated as MNE and every so often also known as multinational corporation (MNC), just multinational or international corporation, is an employer generating items or delivering offerings in more than one country.
A multinational business enterprise is a corporate employer that owns and controls the manufacturing of goods or offerings in as a minimum one united states apart from its domestic united states.
Multinational corporations assist to create employment possibilities and international. Inward investments with the aid of MNCs construct a great deal-needed overseas currency for developing and growing economies. they also generate employment possibilities and assist enhance the expectation of what's possible in lesser advanced countries.
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If Jill engage or follow the theory of mcgregor in terms of
approaching management, then she is likely to assume that a worker or an
average worker would prefer to be directed in which they would rather to be
ordered or consulted directly.
Answer:
Why effective communication within a business is important to the management?
In order to attain your objectives, it is critical to communicate well during negotiations. Within the business, communication is also crucial. Effective communication can aid in the development of a positive working connection between you and your employees, which can enhance morale and productivity.
Explanation:
It Builds and Maintains Relationships: Positive interactions with people help to form and maintain relationships. Communication will be crucial in this process; without it, it would be difficult to build and maintain fruitful partnerships. Communication is an important component of any relationship. Two people cannot be friends until they begin to communicate with one another. A supervisor-underling relationship is similar, in that the boss should be able to explain how to do his job to a new office worker.
It Facilitates Innovation: Collaboration and innovation inside the unit or organisation can be improved when employees feel free to express themselves. Employees, for example, will be able to share their ideas on how to improve a company process. Furthermore, if employees are unable to communicate their ideas owing to a lack of communication skills, the idea is unlikely to be fully implemented.
