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Answer:
Farmbeck, Inc.
Ending Work in Process = $82,840
Explanation:
Calculations:
a) Finished Goods:
Materials $460,000
Conversion 492,660
Total costs $952,660
b) Work in Process Account
Direct materials $500,000 Finished Goods $952,660
Conversion costs <u> 535,500</u> Balance c/d <u> 82,840</u>
<u>1,035,500</u> <u> 1,035,500</u>
Balance b/d 82,840
c) Work in process (WIP) can be described as partially finished goods awaiting completion. WIP refers to the raw materials and conversion costs (labor and overhead costs) incurred for products that are at various stages of the production process. WIP is a component of the inventory asset account on the balance sheet. The WIP costs are subsequently transferred to the finished goods account and eventually to the cost of goods sold.
Answer:
A) true
Explanation:
This requirement applies mostly to used cars. Some states do not require emissions inspections for vehicles that are less than 4 or 6 years old (depends on the state, e.g. Arizona's threshold is 6 years). Other states also allow certain old vehicles to not pass emissions inspections (e.g. Massachusetts does not requires vehicles over 15 years old to pass emissions inspections).
Those vehicles that do not pass the emissions inspections will not be registered by the Department of Motor Vehicles (DMV), that means they will not receive a license plate so it is illegal to drive them.
This use of technology aids in BMW's <u>"relationship marketing"</u> efforts to interact in an ongoing basis with its customers.
Relationship marketing refers to a type of marketing that shifts focus far from deals exchanges to accentuate consumer satisfaction. It alludes to a short-term arrangement where both the purchaser and dealer have an enthusiasm for giving an all the more fulfilling trade. This methodology endeavors to disambiguiously rise above the straightforward post-purchase exchange process with a client to reach by giving a progressively all encompassing, customized purchase. Consequently, relationship marketing utilizes this experience to make more stronger ties between buyer and seller.
The economic relationship between these two products can be classified as substitute goods (option A).
<h3>What are substitute goods?</h3>
Substitute goods is a term used to refer to the relationship between two products. The relationship of substitute goods refers to the existence of two very similar products that customers will consider buying in the same way.
According to the above, it can be inferred that Cheetos and Cheese puffs are substitutes because when one increases in price, users will buy the other as a substitute at a lower price. So the correct answer is option A.
Note: This question is incomplete due to missing information. Here is the complete information.
Options.
a) The increase in the price of Cheetos caused an increase in the demand for Cheese Puffs, so these goods are substitutes.
b) The increase in the price of Cheetos caused a decrease in the demand for Cheese Puffs, so these goods are complements.
c) The increase in the price of Cheetos caused a decrease in the demand for Cheetos, therefore, these goods are substitutes.
d) The increase in the price of Cheetos caused an increase in the demand for Cheese Puffs, so these goods are complements.
Learn more about substitute goods in: brainly.com/question/13891240
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