We can calculate the
cost of goods manufactures using the formula:
Total Cost = Cost of
Direct Materials + Direct Labor Cost + Overhead Cost – Inventory
Substituting the known
values:
<span>Total Cost = $35,000 + $73,000 + $114,000 – ($32,000 - $28,000)</span>
Total
Cost = $218,000 -----> ANSWERWe
deduct the initial from the final inventory to get the balance.
<span> </span>
Employee involvement programs can increase job satisfaction, employee morale and commitment to the organization, as well as increase productivity, reduce turnover and absenteeism and enhance the quality of products and services. Efforts to involve employees in meaningful ways include: Self-managed work teams
<span>biotechnology research and support services
</span>
Answer:
A production possibilities frontier identifies the dollar cost of producing a good or service in an economy.
True
Explanation:
Cost of producing could be envisaged through budgeting where the variable cost, fixed cost and total cost is expected to be calculated either through rough estimate.