A manufacturing process requires small amounts of glue in production process is classified as indirect material.
<h3>What is indirect material?</h3>
Indirect materials are those materials that are not readily traceable or identified with a job.
It is to be noted that indirect materials forms part of production processes whereas are not included in final product.
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Answer:
d) $300,000.
Explanation:
Paticulars Amount
Manufacturing costs + Beginning WIP = Ending WIP + Cost of Goods manufactured
Let ending WIP be x
Beginning WIP be 0.75x
2,500,000 + 0.75x = x + 2,425,000
2,500,000 - 2,425,000 = x - 0.75x
75,000 = 0.25x
x = 300,000
Therefore, The Work in Process inventory at December 31 was $300,000.
The bail-out money that exited to giant financial organizations like citibank and goldman sachs beside with general motors and Chrysler came from the troubled assets relief program. The troubled assets relief program is a program of the united states government to buy toxic assets and equity from financial organizations to reinforce its monetary sector that was employed into law by president george w. bush on october 3, 2008.
Answer:
Economics
Explanation:
Economics is the study of the activities that individuals and society undertake to satisfy their unlimited wants using scarce resources. Economics involves analysis of the production of goods and services, their distribution and consumption in a country. It involves the study of how individuals, firms, and the government allocates scarce resources to meet the need of society.
Economics is categorized in microeconomics and macroeconomics. Microeconomics concentrates on the key economic indicators such as demand, supply, and income and how they affect an individual, firm, or product. Macroeconomics studies the economic conditions in a country as a whole. It is concerned with issues such as inflation, Unemployment rate, and GDP
