Answer:
B) Direct materials used + direct labor + factory overhead + beginning work in process - ending work in process.
Explanation:
The formula to compute the cost of goods manufactured is shown below:
= Direct material used + Direct labor + Manufacturing Overhead
where,
Manufacturing Overhead equal to
= Factory overhead + Beginning work-in-process - Ending work-in-process
Or we can say that
Direct material used + direct labor + factory overhead + beginning work in process - ending work in process
Answer: direct and indirect
Explanation:
Right on Plato
Answer:
Net income for a merchandiser is computed as:
Net sales - cost of goods sold - other expenses.
Explanation:
Net sales are the sales revenue after deducting sales discounts and allowances. The cost of goods sold represent the beginning inventory of merchandise and current period's purchases less the ending inventory. The difference between the net sales and the cost of goods sold is called the gross profit. From this, other expenses incurred in running the business and generating sales are deducted, including income taxes to arrive at the net income.
I don't think interest rates should matter, try that.
The correct option from the given options is "<span>d. incorrect, since profit maximization requires that marginal revenue equals marginal cost but does not require the average total cost to be at any particular level."
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Profit maximization refers to the short run or long run process by which a firm may decide the value, information, and yield levels that prompt the best benefit. Neoclassical financial aspects, at present the standard way to deal with microeconomics, as a rule models the firm as maximizing benefit.
