Answer:
$81,500
Explanation:
As per the data given in the question,
The computation of the cost of goods manufactured is shown below:
Before that first we need to do following calculations
Direct material = $12,000 + $23,000
= $35,000
Direct labor = $11,000 + $20,000
= $31,000
Overhead applied = 50% of direct labor
= 50%×$31,000
= $15,500
Cost of goods manufactured = Direct material + Direct labor + Overhead applied
= $35,000 +$31,000 + $15,500
= $81,500
Answer:
A short-term inducement of value offered to arouse interest in buying a product or service
Explanation:
Sales promotion can be defined as a process of trying to get a potential customer to buy the product by persuading them. Sales promotion a short-term tactic used for the purpose of boosting sales. As a method of building long-term customer loyalty, it is barely suitable. Sales promotions are aimed at getting consumers interested in purchasing a product or service.
Answer:
Rate of interest will be 3 %
And number of periods will be 8
So option (a) will be correct option
Explanation:
We have given rate of interest = 12 %
And time period = 2 years
We have rate of interest is the money is compounded quarterly
When money is compounded then we divide the rate of interest by 4 and multiply time period by 4
So rate of interest for quarterly will be 
%
And number of periods will be 
So option (a) will be the correct answer
Answer:
e. There is a deadweight loss at the given production level.
Explanation:
A deadweight loss, also known as excess burden or allocative inefficiency, is a loss of economic efficiency that can occur when the free market equilibrium for a good or a service is not achieved.
Answer:
Please see the journal entry below
Explanation:
Dr Cash. $4,728
($4,850 - $121.25)
Dr Credit card expense. $121.25
(2.5% × $4,850)
Cr Sales $4,850
We can infer from the question that sales can be debited to cash since the deposit is at the end of the business day.
