Answer:
Option (A) A context effect
Explanation:
A context effect is a psychological effect in which the choices are influenced by the surrounding environmental conditions.
Here in the given question the addition of $22 wine bottled in the list influenced the customers perception as they may have started to feel that $30 is better and economic option and its price is near to the cheapest wine.
The correct option is C. The valuation of the cost of goods sold which is recorded in its book as $5,900 and stock available for sale is $3,900 under the FIFO method.
<h3>
Why is the FIFO method used for Inventory Valuation?</h3>
FIFO will enable you to claim a higher average cost-per-piece on newer inventory, which can help you save money on taxes if your inventory costs are declining over time. Because it assumes that older products are no longer in use, FIFO does not necessitate as much documentation as LIFO.
Calculation Cost of Goods Sold (COGS) under FIFO Method:
COGS = 800 x 2 + 700 x 3 + 300 x 3 + 1300 x 1 =
COGS = $5,900
The calculation for Stock available for Sale:
Stock available for Sale = 700 x 1 + 800 x 4
Stock available for Sale = $3,900
Thus, the Cost of Goods Sold is $5,900, and the stock available for sale is $3,900 under the FIFO method.
Learn more about FIFO here:
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Answer:
C (A job)
Explanation:
Any job that a person doesn't like or enjoy so therefore there is no job satisfaction.
Answer: The cost of non-free trade credit is 23.45%
We follow these steps to arrive at the answer
We have:
Discount Rate 2%
First we find .
Adding 1 to the number above we get 1.020408163
Next we'll find the number of extra credit days after the discount period.
Next we need to raise 1.020408163 to the fraction of 365/35. We get
Finally we need to deduct 1 from the number above to get
We express the number above as a percentage to arrive at the cost of non-free trade credit.
Answer:
3,520= direct labor
Explanation:
Giving the following information:
Bacon Ben, has the following costs to produce 1,000 units:
$9,600 direct materials
$1,920 in advertising costs
$960 plant manager salary
$640 salaries for factory maintenance
To calculate the direct labor cost we need to use the following formula:
Total manufactured cost= direct materials + direct labor + allocated manufacturing overhead
Total manufactured cost= 1,000*14.72= $14,720
Direct material=9,600
Overhead= plant manager salary + salaries for factory maintenance
Overhead= 960 + 640= 1,600
14,720= 9,600 + direct labor + 1,600
3,520= direct labor