The family remains the most important consumer buying organization american society and has been researched extensively. Hope this helps, good luck.
Answer:$687,700
Explanation:
$
Direct Materials 298,700
Add: Direct Labour 132,200
--------------
Prime Cost 430,900
Factory Overhead 264,200
Add: Opening WIP 118,700
Less: Closing WIP 126,100
--------------
256,800
--------------
Cost of Good Manufacture 687,700
----------------
Answer:
1. to gain a comparative advantage
2. to increase efficiency
Explanation:
Specialization involves concentrating on producing a few items that once can produce better than others.
Specializing in producing a few preferred goods and services makes a person, company, or country more efficient in resource usage. They consume fewer inputs, such as labor, while making the goods and services. The use of fewer inputs is increasing efficiently, which makes their products cost less compared to competitors.
Specialization makes a company or individual an expert in what they do. Experts make quality products. High quality at competitive prices gains a country or company comparative advantage over the others.
Answer: a measure of the relative percentage in which a company’s products are sold
Explanation:
Sales mix is known to be the ratio of the total amount of sales which a company makes by selling its products. It shows the amount of profit that the company generate from sales of each of its products by comparing the profit realized from each type of product. Company often generates different level of profit from sales of its products and as a result, it is very vital to produce large quantity of the product which yield more profit than others because of its demand. Thus, sales mix is analyzed by companies in order to generate more revenue and profit.
Answer:
The journal entry to record the wages expense for the month is:
Thursday, end of month, wages expense:
Dr Wages expense 640
Cr Wages payable 640
The adjusting entry made on Friday would be:
Friday, first day of the new month, wages expense:
Dr Wages expense 140
Dr Wages payable 640
Cr Cash 800
