Answer:
$147,400
Explanation:
The computation of the cost of goods manufactured is shown below:
= Direct materials used + Direct labor cost + Manufacturing overhead cost + beginning work-in-process inventory - ending work-in-process inventory
= $56,400 + $30,100 + $52,400 + $29,000 - $20,500
= $147,400
We considered the applied manufacturing overhead cost instead of actual manufacturing cost
Answer:
B. A CRT TV has become an inferior good because people buy more of this type of TV when they have lower incomes
Explanation:
Inferior goods are goods that consumers demand less as their income increases while normal goods are goods whose demand increases as a consumer income rises.
A CRT TV is inferior because as consumer income rises its demand falls. The fall in demand is as a result of consumer demanding for more quality TV like LCD. So demand for A CRT will only rise as consumer income falls, but if the consumer should rise, the demand for A CRT TV will fall as they go for advanced TV like LCD.
So option B is right.
Option A. Under comparative principles, a plaintiff's contributory negligence relieves a defendant from any liability for injury to the plaintiff.
<h3>What is the contributory negligence ?</h3>
This is the term that is used to say that if the party is negligent for the injuries that they have suffered, they would not be able to get damages for the injuries they have.
This would relieve the defendant from any of the liability that they may have to pay.
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With a(n) Differentiation strategy, the organization attempts to develop innovative products unique to the market.
<h3>What is
Differentiation strategy?</h3>
Your differentiation strategy is how you distinguish your company from otherwise similar competitors in the market. Typically, it entails emphasizing a significant distinction between you and your competition. And your potential clients must value that distinction.
It gives higher value to your customers and helps your organization stand out in the industry. As a result, the primary goal of any differentiation plan is to strengthen your company's competitive edge.
In contrast to cost leadership, the differentiation strategy enables businesses to adopt a creative approach to their products while charging premium rates. Starbucks, for example, goes beyond simply selling coffee by offering a distinctive coffee experience at their coffeehouses.
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Answer: a. The trial balance is completed to ensure that debits and credits are equal in the General Ledger.
Explanation:
The Trial balance is used to ensure that all totals on the accounts on the debit side are equal to all totals on the accounts on the credit side.
The account totals are each listed on the debit and credit sides of the trial balance and then added up. If the amounts do not tally, it suggests that there is an error in the entries that needs to be fixed.