Answer:
Cost of goods manufactured= $87100
Explanation
Total manufacturing cost is the aggregate amount of cost incurred by a business to produce goods in a reporting period.
Generally accepted accounting principles require that the cost of goods sold shall consist of:
the cost of direct materials
the cost of direct labor
the cost of manufacturing overhead
Expenses that are outside of the manufacturing facilities, such as selling, general and administrative expenses, are not product costs. They are reported as expenses on the income statement in the accounting period in which they occur.
In this exercise:
<u>Cost of goods manufactured:</u>
Direct materials= $56,000
Direct Labor=$15,600
Factory overhead=Factory supervisor salary+ Depreciation expense+Indirect materials= 10,000 +3,700+1,800= $15,500
Total= $87100
Note: Salesperson commissions and Depreciation expense Delivery equipment are not included in factory overhead
Answer:
$4062
Explanation:
base salary of $1,200
+ 6% of each sale
so $1,200 + $390 + $619.20 + $42 + $70.80 + $1,740
=$4062
Answer:
Total widgets supplied in the market will be 4000
So option (d) will be correct answer
Explanation:
We have given total number of suppliers = 100
It is given that half of the suppliers supply 35 widgets
So 50 supplier supply 35 widgets each
So total number widgets supplied by 50 supplier = 50×35 = 1750
A quarter, that is 25 supplier supply 40 widgets
So widgets supplied by 25 supplier = 25×40 = 1000
And other quarter, that is 25 supplier supply 50 widgets each
So widgets supplied by 25 supplier = 25×50 = 1250
So total widgets supplied in the market will be = 1750+1000+1250 = 4000
So option (d) will be correct answer
Answer:
Political-legal Environment.
Explanation:
The political-legal environment component of the marketing environment consists of laws that require firms to operate under competitive conditions and to protect consumer rights. This component particularly has an impact on the marketing function of organizations. Laws made by the government of any country come into play here. Marketing department along side overall organization has to abide by these laws and rules. This factor/element basically decides the direction of the overall business as well. For example, when Chinese Government made a law that one family can have only one child, which was categorized as six-pocket syndrome. Business dealing with the kids related products were very successful and profitable those days, many organization also started making items for the kids those days.
