Answer:
cost of goods manufactured= $73,984
Explanation:
Giving the following information:
Cost of direct materials used in production $16,700
Direct labor 26,794
Factory overhead 32,844
Work in process inventory, March 1 17,028
Work in process inventory, March 31 19,382
<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
cost of goods manufactured= 17,028 + 16,700 + 26,794 + 32,844 - 19,382
cost of goods manufactured= $73,984
Answer:
are the primary causes of the majority of unethical business behaviors.
Explanation:
An ethic can be defined as a set of both written and unwritten principles, values or rules of moral conduct that guides (governs) human behaviors. It's a reflection that is typically based on identifying what is good or bad, right or wrong and just or unjust with respect to human behaviors.
Ethical issues are mostly complicated for businesses that operate in the global economy because different cultures have different norms and values.
Generally, some of the fundamental cause of unethical business behaviors across the world are;
I. Overzealous pursuit of wealth
II. Undue pressure on employees or the management to exceed performance standards.
III. A culture that values profits more than ethical behavior.
An ethical climate can be defined as a collection of behaviors that are considered to be acceptable and correct within an organization or business firm. Also, an ethical climate provides the human resources management of an organization with a framework or benchmark on how employee behavioral issues or ethical problems are to be managed or handled within the organization.
Thus, an organization with a strong ethical climate is generally considered to have an effective, conducive, just and optimum working standards for its employees and as such would significantly increase employee trust and commitment.
Answer:
a. Computer - fixed asset
b. Patent - intangible asset
c. Oil reserve - natural resource
d. Goodwill - intangible asset
e. U. S. Treasury note - none of these (N)
f. Land used for employee parking - fixed asset
g. Gold mine - natural resource
Explanation:
Intangible assets are the assets of a company that cannot be seen or they are not physical in nature. They are usually difficult to evaluate. They include:
- Goodwill
- Patent
- Trademarks
- copyrights
a fixed asset is a long term tangible piece of property or equipment that a company has and uses it to generate income. they include plant, property and equipment.
A natural resource is a substance that occurs in nature that can be used to generate economic profit.
Answer:
The correct answer is $23,430.
Explanation:
According to the scenario, the given data are as follows:
Total actual revenue = $1,700,000
Irvine Center actual revenue = $561,000
Advertising cost = $71,000
So we can calculate the amount of advertising that would be allocated to the Irvine center by using following formula:
Advertising Cost allocated = (Irvine Center actual revenue × Advertising cost) ÷ Total actual revenue
By putting the value, we get
= ($561,000 × $71,000) ÷ ( $1,700,000)
= $23,430.
