Answer:
The correct answer is letter "D": interfere with the rationing function of prices.
Explanation:
While talking about price floors and price ceiling, <em>the rationing function of prices</em> refers to the fact that both governmental measures are imposed to protect sellers and buyers from unfair practices driven by supply and demand. Thus, price floors protect producers from prices that could go below their production costs and price ceilings protect buyers from prices that could be set above their income.
The rationing function of prices can be also understood as the measures taken to discourage demand to keep resources to use them over a determined period.
Answer:
gross domestic product (GDP), gross national product (GNP), and gross national income
Explanation:
I believe that the correct answer is b project manager<span />
Answer:
The correct answer is C.
Explanation:
Giving the following information:
Direct materials used $ 5,400
Direct Labor 7,400
Total Factory overhead 5,500
Beginning work in process 3,400
Ending work in process 4,800
To calculate the cost of goods manufactured we need to use the following formula:
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
cost of goods manufactured= 3,400 + 5,400 + 7,400 + 5,500 - 4,800
cost of goods manufactured= $16,900
