Answer:
$373,200
Explanation:
Product cost is derived through the compilation and addition of the cost of direct labor , direct materials and factory overhead involved in the production of an item
Direct cost
Lumber - 80,600
Assembly line - 100,100
Roof - 15,500
Freight raw materials - 3,700
Total - 199900
Factory overhead
Maintenance workers - 60300
Insurance for factory - 21,100
Utilities in factory - 12,300
Factory Supervisor - 60,900
Depreciation of factory machine - 18,000
Lubricant in factory equipment - 700
Total -173,300
Total product cost - 373200
Answer:
1. $1000 (sale price) - $800 (Dealer price) = $200
2. $200 * 10 sculptures = $2000 of total value added
Explanation:
STEPS
1)The artist pays $5,000 for the intermediate goods (scrap metal) and sells the finished goods (10 sculptures) for $1 comma 1,000 each.
The value added for the artist equals $3000
2)The art dealer pays $800 for the intermediate goods (sculptures) and sells the finished goods (sculptures) for $1000 each. Calculate the difference between the price the dealer paid for the sculptures and the amount for which the dealer sold the sculptures.
3) $1000 (sale price) - $800 (Dealer price) = $200
4) $200 * 10 sculptures = $2000 of total value added
Providing incentives for enterprise social network adoption and use is under the strategy best practice.
<h3>What is enterprise social network?</h3>
Enterprise social networking refers to an organization's use of social media (internally and externally), to connect individuals who share similar business ideas.
Examples of enterprise social network include:
- IBM's Connections
- Cisco's Webex Social
Hence, providing incentives for enterprise social network adoption and use is under the strategy best practice.
Learn more about enterprise social network here brainly.com/question/20115584
Answer:
Cash paid will be equal to $311000
Explanation:
We have given cost of goods sold = $300000
Increase in inventory = $5000
Decrease in account payable = $6000
We have to find the amount of cash paid to the suppliers.
Amount of cash paid to the suppliers will be equal to
Cash paid = amount of goods sold + increase in inventory + decrease in account payable.
= $300000+$5000+$6000 = $311000
So cash paid will be equal to $311000
