Answer:
option (C) is correct.
Explanation:
Given that,
Beginning work in process inventory: $102,000
Direct materials used: 156,000
Actual overhead: 132,000
Overhead applied: 138,000
Cost of goods manufactured: 675,000
Total manufacturing costs: 642,000
Company's direct labor cost for the year:
= Total manufacturing costs - Overhead cost - Direct materials cost
= Total manufacturing costs - Overhead applied - Direct materials used
= $642,000 - $138,000 - $156,000
= $348,000
Answer:
Many factors determine the demand elasticity for a product, including price levels, the type of product or service, income levels, and the availability of any potential substitutes. High-priced products often are highly elastic because, if prices fall, consumers are likely to buy at a lower price.
Explanation:
Answer:
total value of ending WIP inventory: 8,400
Explanation:
unit material cost: 5.00 dollar
ending work in proces inventory
materials equivalent units:
1,500 x 100% = 1,500
as the mateirals are added entire at the beginning of the process:
material cost: 1,500 x 5 = 7,500
conversion
1,500 x 20% = 300
300 x 3.00 = 900
total value of ending WIP inventory:
materials 7,500
conversion 900
total 8,400
Answer:
1.33 walls
1 wall
Explanation:
Tradeoff is the opportunity cost of taking a particular decision
Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives
My doing he outlet, the opportunity to paint is forgone
Amy = 8/6 = 1.33
Bill = 5/5
