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Ne4ueva [31]
3 years ago
13

The two factors that determine the costs of manufacturing inputs (materials, labor, and overhead) are price and quantity.

Business
1 answer:
Brrunno [24]3 years ago
5 0

Answer:

The correct answer is letter "A": True.

Explanation:

The costs of manufacturing are the total expenses companies incur during the production process. They mainly include <em>direct materials, labor, </em>and <em>overhead</em>. Besides, the prices of the three (3) factors mentioned above and their size (quantity) are considered factors that determine the manufacturing costs.

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An economic system that allows indivduals to pursue their own interests without undue
Kay [80]

Answer:

a. private enterprise

Explanation:

Economics systems can be categorized as;

  • Command or planned economic systems
  • Mixed economies
  • Market or free enterprise economies

The market or free enterprise economy is also the private enterprise economy. This economic system has the private sector as the primary producers of goods and services. The government does not interfere with economic activities.

In the private enterprise economy, private firms and individuals have the freedom to start and operate a business of their preferences. The government does not regulate the production, distribution, or prices of products. The private sector engages in business activities that will generate maximum profits for them.

8 0
3 years ago
On October 1, 2016, Adams Company paid $4,200 for a two-year insurance policy with the insurance coverage beginning on that date
rjkz [21]

Answer:

d. Prepaid insurance $3,675, and Insurance expense $525.

Explanation:

Preparation of the journal entry to determine which of the following account balances are correct after adjusting entries have been made

Based on the information given the account balances that are correct after adjusting entries have been made will be PREPAID INSURANCE $3,675, and INSURANCE EXPENSE $525.

First step is to calculate the amount the company pay per month

Amount pay per month=$4,200/24 months

Amount pay per month = $175 per month

Last step

Since Three months have been used which are October, November, and December which means that $175 per month × 3 months = $525 which will be recorded as INSURANCE EXPENSE while the balance in PREPAID INSURANCE will be $4,200 - $525 = $3,675

5 0
2 years ago
Barkley Company uses a periodic inventory system and has the following account balances: Beginning Inventory $50,000, Ending Inv
Dmitriy789 [7]

Explanation:

The computation is shown below:

a. Net purchase

= Purchase - Purchase Returns and Allowances - Purchase Discounts + Freight in

= $330,000 - $8,000 - $6,000 + $12,000

= $328,000

b. The cost of goods available for sale is

= Beginning inventory + purchase

= $50,000 + $328,000

= $378,000

c. The cost of goods sold is

=  The cost of goods available for sale - ending inventory

= $378,000 - $80,000

= $298,000

4 0
3 years ago
If you respond correctly you get brainliest: guess what
Artyom0805 [142]

Answer:

What?

Explanation:

8 0
2 years ago
Read 2 more answers
Shannon Reeves and Tish Phillips remember their experiences with student protests in the 1960s. Shannon remembers seeing Jimi He
NeTakaya

These memories about cultural heroes and events are one of the chief characteristics of an age <u>cohort</u>.

<h3>What does a cohort mean?</h3>

A cohort is a group of people who have similar demographic traits or life experiences, such as age but not exclusively. Cohort effects are typically masked by age in cross-sectional research. Cohorts can be, for instance: individuals who had children in the same year. People who retire simultaneously.

<h3 /><h3>What characteristics do cohort study have?</h3>

The distinguishing characteristic of a cohort study is that the researcher selects participants at a time when they do not yet have the desired outcome and examines the occurrence of the desired outcome between groups of exposed and unexposed (or less exposed) people.

To know more about the cohort study, visit:

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1 year ago
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