Answer:
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Answer:
Purchases= $408,000
Explanation:
Giving the following information:
Beginning Ending Raw materials inventory$547,000 $610,000
The raw materials used in manufacturing during the year totaled $1,018,000
<u>To calculate the direct material purchased, we need to use the following formula:</u>
Purchases= direct material used in production - ending inventory
Purchases= 1,018,000 - 610,000
Purchases= $408,000
Aggregate supply (as) denotes, while holding the price of inputs fixed, the <u>price level of output</u> that firms choose to produce and <u>GDP.</u>
<h3>What is aggregate supply?</h3>
Aggregate supply is when goods and service produced or manufacture are made available to buyers or can be defined as the amount of goods produce and supply to the market at particular period of time.
Aggregate supply can tend to increase in a situation were the price of goods and services decrease or when the price of product fall.
Therefore, Aggregate supply donate, while holding the price of inputs fixed, the price level of output that firms choose to produce and Gross domestic product (GDP).
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Answer:
Chair unit cost: $ 49.72
Total cost for 675 chairs: $ 33,561
Explanation:
Direct Materials: $ 14.00
Direct Labor: 1.9 hours x $16 labor cost: $ 30.40
Overhead:
1.9 labor hours x ($ 1.6 variable rate + $ 1.20 fixed rate) = $<u> 5.32 </u>
Total unit cost: $ 49.72
Cost to produce 675 chairs:
675 charis x $ 49.72 per chair = $ 33,561
Firms often uses strategy in business. The companies are looking at HRM to support their company's strategy.
<h3>
What is a company's strategy?</h3>
A strategy is known to be a kind of long-term lay out plan that one often makes or create for one's firm so that it can reach the desired, future state one has set out.
Conclusively, A strategy comprises of the company's goals and objectives, the type of products/services that would be created or produced and the target customers.
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