The cost of goods manufactured is $34,000
What is cost of goods manufactured?
The cost of goods manufactured is the cost of the units of finished goods manufactured during the period under review.
The cost of goods manufactured is determined as opening work-in-process plus labor direct costs, direct materials cost, applied manufacturing overhead and thereafter we deduct the ending work in process, note that the estimated overhead is applicable since the materials are computed using the purchase cost
cost of goods manufactured=$13,000+$16,000+$10,000+$17,000-$22,000
cost of goods manufactured=$34,000
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Answer:
B - Extrapolate
Explanation:
Extrapolate means to extend the application of (a method or conclusion, especially one based on statistics) to an unknown situation by assuming that existing trends will continue or similar methods will be applicable.
Answer:
$71,500
Explanation:
Given that,
Preferred stock = 9,700 shares of $100 par value
Common stock outstanding = 38,800 of $1 par value
Total dividend declared and paid in 2018 worth of $120,000.
Firstly, we need to calculate the preferred stock dividend:
= 9,700 × $100 × 5%
= $48,500
Now, the amount of dividend available to common stockholder is determined by deducting the preferred stock dividend from the total dividend paid.
Amount of dividends received by the common stockholders in 2018:
= Total dividend paid -Preferred stock dividend
= $120,000 - $48,500
= $71,500
Answer:
E : the market is very small and limited
Explanation:
The statement that the market is very small and limited is not a difference between business markets and consumer markets as the real difference is :
Business market larger in size :
If we talk from a Marketing Perspective point of view it Innovates through technological push and fanatics-breakthroughs which result in a rapid increase in the number of customers in the market and as the size of the market becomes larger.
