Answer:
90 suits per week must be produced and sold to achieve the maximum profit of $2,850.
Explanation:
The profit function is given by the revenue function minus the cost function:
The number of suits, x, for which the derivate of the profit funtion is zero, is the production volume that maximizes profit:
The profit generated by producing 90 suits is:
Therefore, 90 suits per week must be produced and sold to achieve the maximum profit of $2,850.
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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
