Answer:
$255,500
Explanation:
Prepare a Cost of Goods Manufactured Schedule to determine the cost of goods manufactured.
<u>Cost of Goods Manufactured Schedule</u>
Direct material used $ 75,000
Direct labor $ 93,000
Applied manufacturing overhead $ 70,000
Add Beginning work-in-process inventory $130,000
Less Ending work-in-process inventory ($112,500)
Cost of goods manufactured $255,500
Answer:
Value Analysis
Explanation:
A process that involves examining all elements of a component, assembly, endproduct, or service to make sure it fulfills its intended function at the lowest total cost is value analysis.
Value analysis or Value re-engineering can be defined as the systematic and critical assessment by an organization of every feature of a product to ensure that its cost is no greater than is necessary to carry out its functions.
Furthermore, value analysis is intended to improve the "value" of goods or products and services by evaluating function in relation to cost.
Based on the story above, the stage of business buying process is (C) general need description. It is because in the story above, the company only seeking a new supplier for the wool and tell about company's need.
In economics and business, Business buying process generally can be defined as the process where business buyers determine which services and also products are needed to purchase. In the steps of business buying process, the company will find the suppliers to buys the materials, and then evaluate, and choose among alternative brands.
There are several steps of business buying process, such as Awareness and Recognition, Specification and Research, Request for Proposals, Evaluation of Proposals, and also Order and Review Process.
Here you can learn more about Business buying process brainly.com/question/12496760
#SPJ4
False. The new trade theory stresses that countries should have favorable factor endowments to excel in the production of a good. The New Trade Theory talks about companies focusing on certain products more in-depth since the world market only supports a limited number of firms. Since they can only back a few per product, if companies were to focus on a smaller amount of products they can specialize in them and create a better backing from the world market.