<u>Answer:</u>
a.$7,175,000
b.$3,655,000
c.$2,825,000
<u>Explanation:</u>
a.Calculation of Cost of Goods Sold
COGS= Sales - Gross profit
=12375000-5200000
=$7,175,000
Cost of Goods Sold for Creston Inc is $7,175,000
b. Calculation of direct materials cost
Direct Material Cost = Materials purchased - Indirect materials - Materials inventory
=4125000-180000-290000
=$3,655,000
Direct materials cost is $3,655,000
c. Calculation of direct labor cost
Direct labor cost= Total manufacturing costs for the period - Direct materials - factory overhead (Indirect labor + Indirect materials + Other factory overhead)
=7880000-3655000-1400000
=$2825000
Direct labor cost is $2,825,000
Answer:
A. Mr. Fudd to pay Mr. Leghorn between $500 and $900 to continue hunting.
Explanation:
Answer:
$20,909.09
Explanation:
We have been given that Slotnick Chemical received $230,000 from customers as deposits on returnable containers during 2018. 10% of the containers were not returned. The deposits are based on the container cost marked up 10%.
The price after mark-up would be 
To find the profit on the forfeited deposits, we will divide $230,000 times 10% by 110% as:
Therefore, Slotnick realize a profit of $20,909.09 on the forfeited deposits.
Answer:
KSAOs play a significant role in interviews and selection decisions
Explanation:
According to the given situation, Chris has been hired as an HR team at C Corp. and he took the responsibility of developing job descriptions and specialization for the vacancy of engineers.
Here Chris collects relevant data about the KSAO's so that he can choose a specialized engineer for an organization.
So, in the above case, the relevant answer is KSAOs play a significant role in interviews and selection decisions.
Answer:
A
Explanation:
In the Demand and Supply curve changes in prices will traduce in movements along the demand or along the supply curve but they will not change their position on the graph, for instance this will affect the quantity demanded or the quantity supplied. In this case, because the demand curve has a negative slope, if price decreases the quantity demanded increases. Intuitively, if consumers perceive a good or a service that is cheaper than before, more people will be interested on buying it.
When it is said that demand or supply increase or decrease is because one of those or both shifts to left or to right. But this happens only when factors different from prices have changed. The problem does not specify what changes the supply, but it says that "increases" then, we understand that there is a shift to the right of the supply curve. If the demand curve remains constant, then the equilibrium price will decrease, and the equilibrium quantity will increase. So, the statement is partially true at the beginning, but the second part is false.
