Answer:
$32,000
Explanation:
Cost of goods sold refers to all direct expenses incurred in producing goods and excludes all selling and indirect costs.
Cost of goods sold = Sales value - Gross Profit
Gross profit = Sales value - Direct costs - overhead costs
Gross profit per unit = $120 - ($50 + $ 20 + $10)
Gross profit per unit = $40 per unit
Gross profit in value = $40 per unit × No of units = $40 × 400 units = $16,000
Budgeted sales value = Selling price per unit × Budgeted sales units
= $120 × 400 chairs = $48000
Thus, budgeted cost of goods sold = Budgeted sales value - Gross Profit in value
= $48000 - $16000 = $32000
<u>Note</u>: While computing gross profit, selling and administrative expenses would be excluded since those are used while computing net income. Also, cost of goods sold excludes selling and administrative i.e . indirect costs.
Answer:
D. A price that fits comfortably in your budget
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Statement that is true of constraints that exist in product mix decisions is Multiple constraints can be handled using linear programming.
<h3>What is Product mix decision?</h3>
Product mix decision refer can be regarded as the decisions involving addition of a new or eliminating any existing product from the product mix.
It involves adding a new product line as well as lengthening any existing line in order to increase the profitability.
Learn about Product mix decision at:
brainly.com/question/14037774
Answer:
Motivational benefit
Explanation:
Remember, anything that brings you a certain level of push towards an expected end is a motivation. For example, having greater job opportunities sets one apart from others, which may lead to a better standard of living which creates a motivational benefit
Thus, we notice may notice many parents encouraging/motivating higher education for their children because of the perceived benefits they believe in so much.
