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denis23 [38]
3 years ago
7

During 2017, Benson purchased $1,450,000 of raw materials, incurred direct labor costs of $250,000, and incurred manufacturing o

verhead totaling $160,000. How much raw materials were transferred to production during 2017 for Benson
Business
1 answer:
grigory [225]3 years ago
8 0

Answer:

Raw Materials transferred to production during 2017 $1,466,000

Explanation:

The computation of the raw material transferred to production is given below:

Opening raw material 2016 $80,000

Add : Purchase of Raw material $1,450,000

Less Closing Stock raw material 2017 $64,000

Raw Materials transferred to production during 2017 $1,466,000

Hence, the same should be relevant

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Ravi has a business developing smartphone apps. Which of these answers the economic question How to produce?Spend a week working
lukranit [14]

Answer:

Select four new phones for app placement

Explanation:

"Select four new phones for app placement", will help Revi do an in depth product testing, which will give him a sense of direction on how to produce.

3 0
3 years ago
Outsourcing to provide extra workers during periods of peak workloads can be much more economical than trying to fill entire pro
Grace [21]

Answer:

B

Explanation:

6 0
3 years ago
All of the following should be considered in a make or buy decision except:_______.a. cost savingsb. quality issues with the sup
Cerrena [4.2K]

Answer:

D. the supplier will make a profit that would no longer belong to the business

Explanation:

A make or buy decision can be defined as a strategic approach pertaining to making the choice to either produce (manufacture) a product in-house (internally) or purchasing the product from an external supplier. Thus, the make component typically deals with producing the product internally while the buy component strictly has to do with outsourcing or purchasing from an external supplier.

Some of the factors to be considered in a make or buy decision are;

I. Cost savings.

II. Quality issues with the supplier.

III. Future growth in the plant and other production opportunities.

Hence, all of the aforementioned should be considered in a make or buy decision except whether the supplier will make a profit that would no longer belong to the business.

3 0
3 years ago
In your own words, how do you define the concept of economics? Describe some
Andreas93 [3]

Answer:

Explanation:

Economics is a social science needed with the production, distribution, and consumption of goods and services. It studies how we, businesses, governments, and nations make choices about how to assign resources.

8 0
3 years ago
Lexi Company forecasts unit sales of 1,640,000 in April, 1,250,000 in May, 810,000 in June, and 1,650,000 in July. Beginning inv
mario62 [17]

Answer:

Explanation:

From the information given in the question:

The main objective is to Prepare a merchandise purchases budget for the months of April, May, and June

                        Merchandise Purchases Budget

                                                 April                  May                 June

Next months' budgeted        1250000            810000          1650000

Sales

Ratio of inventory                  30%                     30%               30%

Desired ending inventory     375000              243000         495000

Sales unit                               1640000             1250000       810000

Required units of

available inventory                2015000             1493000       1305000

Less:Beginning Inventory     -250000             - 375000      - 243000

Units to be purchased           1765000              1118000       1062000

N:B

Desired ending inventory = Next months' budgeted sales × Ratio of inventory  

Required units of available inventory = Desired ending inventory + Sales unit

6 0
4 years ago
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