Answer:
C) $200.00
Explanation:
Absorption Product Cost = Direct Labor + Direct Materials + Variable Overheads + Fixed Overheads
Thus, we need to Calculate the Total Cost of Goods Manufactured as follows :
Direct materials used $160,000
Direct labor $100,000
Variable factory overhead $60,000
Fixed factory overhead $80,000
Total Cost of Goods Manufactured $400,000
Then Calculate the product cost per unit
Product cost per unit = Total Cost / Total Production
= $400,000 / ($315,000/$225.00 + 600)
= $400,000 / 2,000
= $200.00
Note : Total Production = Units Sold <em>plus</em> Ending Finished Goods Inventory
Answer:
scarcity.
Explanation:
Scarcity can be defined as an economical problem that gives the relationship between non-renewable (limited) resources and the limitless wants and needs of consumers.
Basically, it's very important that producers of goods and services make decisions that would help them on how to efficiently allocate scarce or limited resources, in order to meet the unending requirements, wants and needs of consumers.
In Economics, an example of scarcity is that most of the resources used for the manufacturing of finished goods and services are nonrenewable, and as a result, the wants and needs of the end users or consumers are limited. Thus, economists would advise that economies should decide on what to produce, how to produce, when to produce and for whom to produce due to the finite and limited nature of resources i.e the concept of scarcity.
I think the answer would be alone
<span>You must place a child in an approved child seat if the child is A. three years of age and under.
If the child is really young, then it has to sit in an approved child seat in a car, because if has to be protected from any harm while you are driving. Older kids, who can more or less protect themselves if something bad happens don't have to sit in these seats, however, they have to wear a seatbelt.
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World trade organization member countries account for approximately 80-95% of world trade. Its three main functions are:
-Forum for negotiation
-Administration
-Dispute Settlement
To sum it up, World Trade Organization sets the rules, allows countries to talk, and has process for actually resolving problems.
