Answer:
Beginning WIP= 122,000
Explanation:
Giving the following information:
Cost of goods manufactured= $524,000
Ending work in process= $79,000
Raw materials used in the production of $89,000
Direct labor of $145,000
Manufacturing overhead of $247,000
To calculate the beginning work in process we need to use the cost of goods manufactured formula:
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
524,000= Beginning wip + 89,000 + 145,000 + 247,000 - 79,000
Beginning WIP= 122,000
Answer:
There is an opportunity cost to going to the movie and he should leave the movie.
Explanation:
Yes, there is an opportunity cost involved when the person goes for the movie. The opportunity cost will the work that he can do instead of going to the movie. For instance, if the person has the option to study or to watch a movie and he chooses the movie then the opportunity cost is the study. Moreover, he should leave the movie because it is terrible and if he does other work by leaving the movie then he will be benefited because the opportunity cost of doing other work will be lower.
Answer:
A) Q1 = 20 and Q2 = 60
Explanation:
Please find the attached file with the solution.
One of the true assumption of risks during delivery of goods is : The seller is liable for any damages incurred to the goods during shipment.
That's why most of the companies whose business including goods delivery always put an insurance for on board products, to prevent the company from any potential damage during the shipment<span />
