The government is an consumer because they trade with other countries to get goods that their country need and they are also a producer because they produce strategies for their government to make our communities around the world more better and advanced.
Answer:
Reserves
Explanation:
Risk is any uncertain event with positive or negative consequences on a project. Contingency costs are related to risks, and therefore cannot be disregarded in risk management within a project. It is essential that management plan and prevent for the project to occur in a predictable and effective manner.
Answer:
Product costs= $259,700
Explanation:
Giving the following information:
Direct materials $ 168,800
Direct labor $ 90,900
<u>The product costs are all expenses directly involved in the production. It generally involves the prime costs (direct material and direct labor).</u>
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Product costs= direct material + direct labor
Product costs= 168,800 + 90,900
Product costs= $259,700
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