1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vika [28.1K]
2 years ago
6

The following information is taken from the financial records of Gunner Manufacturing: Cost of materials used $45,000 Direct lab

or costs 48,000 Factory overhead 39,000 Work in process, beginning 18,000 Work in process, ending 28,000 1. What is the cost of goods manufactured?a. $178,000 b. $132,000 c. $122,000 d. $142,000
Business
1 answer:
Nadusha1986 [10]2 years ago
8 0

Answer:

Tthe cost of goods manufactured is c. $122,000

Explanation:

The cost of goods manufactured = The beginning of work in process + Cost of materials used + Direct labor costs + Factory overhead - The ending of work in process.

Gunner Manufacturing has the financial records: Cost of materials used $45,000 Direct labor costs 48,000 Factory overhead 39,000 Work in process, beginning 18,000 Work in process, ending 28,000.

Therefore,

The cost of goods manufactured = $18,000 + $45,000 + $48,000 + $39,000 - $28,000 = $122,000

You might be interested in
Prices of products are often higher in a foreign country than the home country due to transportation charges, taxes, tariffs, an
Genrish500 [490]

Answer:

Option E Price Escalation

Explanation:

Price Escalation is when the government imposes additional taxes on the product which is exported to their country, this makes the product expensive and the customer as a result don't buys that product. Such type of increases in prices are known as price escalation.

7 0
3 years ago
Using examples explain what inputs eBay might be using in conducting its business . What are eBay outputs ?
lawyer [7]
Typically, a simple way to think of an input is anything that costs money. These can be both good and bad things. A simple example would be: if I had a machine that made candy: my inputs would be the energy required to run the machine, the person required to work the machine, and the ingredients I had to put in to make the candy. My outputs might be the candy the machine made and the happiness it gave to people who ate it. A negative output might be that it made people unhealthy. 

As an internet company eBay does not have many of the typical inputs of doing business. For example, it does NOT have the cost of physical stores nor does it have the cost of depreciating inventory or any machines. For eBay, some examples of inputs would be it's people such as software engineers, marketing team, and executive staff. All overhead such as office space and the electricity to power its office space would be another example. Other examples could include the physical code behind eBay's software and money used to finance the company, and the data warehouses used to store everything. 

Outputs can be thought of as the value a company creates. eBay's outputs are also somewhat atypical. eBay does not create a physical product that they then sell so that makes this a challenging question. You could argue that eBay's store or its platform is an output. All the data it produces as a company is an output and has a lot of value. Since eBay allows people across the world to open up their own store online, you could say it's creating the social good of jobs or entrepreneurship "global employment" through this action (eBay has supported this publicly as well so you could look up more about it on Google). Another output could be eBay stores created by sellers. eBay owns PayPal so if you can think of any related to PayPal you could include those as well and cite that eBay owns the company. 

Hope that helps
8 0
3 years ago
a buyer's willingness to pay for a good plus the price of the good. the amount by which the quantity supplied of a good exceeds
White raven [17]

Answer:

A buyer's willingness to pay for a good plus the price of the good means the buyer is indifferent between buying the good and not buying it.

Surplus is the amount by which the quantity supplied of a good exceeds the quantity demanded of the good.

Producer surplus is the amount a buyer is willing to pay for a good minus the cost of producing the good.

Consumer surplus is the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it.

6 0
2 years ago
____________ is the combination of ways your company researches, plans for, and communicates with the market. A. Customer profil
liq [111]

I just finished this quiz and the answer is "marketing"

4 0
3 years ago
Read 2 more answers
Cigarette smokers are very loyal buyers of cigarettes. Even if prices of cigarettes rise, they will typically continue to buy th
Amanda [17]

Answer:

a. mostly cigarette buyers.

Explanation:

The law of demand states an inverse relationship between quantity demanded of a good and it's price, keeping other factors affecting demand as constant.

Price elasticity of demand refers to the degree of responsiveness of quantity demanded to a change in price.

Alcohol and cigarettes are exceptions to the law of demand since in their case, the factor of addiction presides which outweighs rational decision making.

Thus, price elasticity of demand of cigarettes is inelastic. So a marginally higher price charged for cigarettes will not reduce their consumption.

A new tax on cigarettes would raise their prices. The manufacturers, to cover such taxes and maintain the same margin as before would further raise the prices of cigarettes further.

Thus, the tax burden would be shifted to the consumers and hence majorly borne by them.

3 0
2 years ago
Other questions:
  • (1) Cash balance per bank, July 31, $8,338.
    13·1 answer
  • Which section of the business plan contains information about the financial history of the company? A. Financial Analysis B. Fun
    11·2 answers
  • Which section of a research poster or paper allows other scientists to repeat an experiment?
    9·1 answer
  • Fire Hydrant Pet Supply just paid its first annual dividend of $0.75 a share. The firm plans to increase the dividend by 2.9 per
    9·1 answer
  • What are three skills you are likely to need as an entrepreneur?
    6·2 answers
  • True or False:If the price of a product goes up by 10% and the quantity demanded goes up by 20% the product is an inferior good.
    12·1 answer
  • Leon and Sara are arguing over when the best time is to degrease soup. Leon says that it's easiest to degrease soup when it's bo
    10·2 answers
  • A stock you own earned: $200, $500, $100, and $700 over the last four years. What was the mean annual gain in value over the fou
    7·1 answer
  • Monkey See. Monkey Take and<br> Humans vs Chimps
    5·2 answers
  • Bigbucks Brokerage provided the taxpayer $2,400 in bicycle commuting reimbursement in 2020. How much of that reimbursement, if a
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!