Answer:
total manufacturing cost = $60800
Explanation:
given data
Direct materials used = $24,000
Direct labor = $36,800
Sales salaries = $19,200
Indirect labor = $4,800
Production manager's salary = $9,600
Marketing costs = $14,400
Factory lease = $6,400
solution
we get here total manufacturing cost that is express as
total manufacturing cost = Direct Material + Direct Labor ..............1
put here value and we get
total manufacturing cost = $24000 + $36800
total manufacturing cost = $60800
Answer:
Debit Accounts Receivable and credit Service Revenue for $14,000.
Explanation:
The adjusting entry is as follows:
On December 31, 2021
Account receivable A/c Dr $14,000
To Service revenue $14,000
(Being the goods are sold on credit)
Basically we debited the account receivable and credited the service revenue. Both the accounts are recorded for $14,000
No other entry is passed.
Answer:
B. a maximum price that sellers may charge for a good, usually set by government.
Explanation:
The ceilling price will interfere with the free market creating distortios and inefficiency or not being useful in the best scenario.
Considering a demand and supply curve that intersect at a given point which is the equilibrium the ceilling price could be:
above this therefore, not relevant as agents trade below it
in that point whihc, agains is irrelevant as agents are willing to trade at that value
below equilibrium price, at this point the govrnment forces supplier to produce at a higher amount they are willing to consiering the currnet demand. This makes the supplier leaving the market in the long run therefore, generating scarcity of resources.
Answer:
C . Consulting
Explanation:
Ray, a manager at Senzel Inc. is utilizing consulting skills.
The lower-level managers he discusses with in order to understand the effect the software will have on the internal environment of the company refers to the CONSULTANT in this scenario.
Consulting can be defined as the process of giving advice or seeking the help of professionals regarding a particular subject in a specific field.
Consulting means to engage in the business of giving advice to professionals in a particular field.
Consulting is the act of helping people to solve problems of moving from their current level to their desired level.
A consultant refers to a professional who renders the service of giving advice to people in a particular field mostly in exchange for a fee.
Answer:
Rapidly rising prices not only affect the price consumers pay, they also affect the cost businesses have to pay for materials and inventory. When replacement inventory costs more than the inventory you just sold, it can lead to inventory shortages.
Explanation:
I hope it helped