The following information is available:
January 1, 2013, 2013 December 31, 2013
Raw mat...
Business, 16.05.2021 01:00 ricardotavarez6
The following information is available:
January 1, 2013, 2013 December 31, 2013
Raw materials inventory $ 26,000 $30,000
Work in process inventory 13,500 22,200
Finished goods inventory 30,000 21,000
Materials purchased $170,000
Direct labor 220,000
Manufacturing overhead 180,000
Sales 800,000
Compute the gross profit??
Select one:
a. 233700
b. 566300
c. 557300
d. None of them
Answers: 1
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Suppose an economy consists of three sectors: energy (e), manufacturing (m), and agriculture (a). sector e sells 70% of its output to m and 30% to a. sector m sells 30% of its output to e, 50% to a, and retains the rest. sector a sells 15% of its output to e, 30% to m, and retains the rest.
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