Colour World prepares and packages paint products. Colour World has two departments: (1) Blending and (2) Packaging. Direct materials are added at the beginning of the blending process (dyes) and at the end of the packaging process (cans). Conversion costs are added evenly throughout each process. Data from the month of May for the Blending Department are as follows: Litres: Beginning work in process inventory 0 Started production 8,000 litres Completed and transferred out to Packaging in May 6,000 litres Ending work in process inventory (30% of the way through the blending process) 2,000 litres Costs: Beginning work in process inventory $ 0 Costs added during May: Direct materials (dyes) 4,800 Direct labour 800 Manufacturing overhead 1,840 Total costs added during May $7,440 Requirements 1. Draw a time line for the Blending

The questions of economics address which of the following ? check all that apply

Exercise 15-7 crawford corporation incurred the following transactions. 1. purchased raw materials on account $53,000. 2. raw materials of $45,200 were requisitioned to the factory. an analysis of the materials requisition slips indicated that $9,400 was classified as indirect materials. 3. factory labor costs incurred were $65,400, of which $50,200 pertained to factory wages payable and $15,200 pertained to employer payroll taxes payable. 4. time tickets indicated that $55,000 was direct labor and $10,400 was indirect labor. 5. manufacturing overhead costs incurred on account were $81,700. 6. depreciation on the company’s office building was $8,100. 7. manufacturing overhead was applied at the rate of 160% of direct labor cost. 8. goods costing $89,400 were completed and transferred to finished goods. 9. finished goods costing $76,000 to manufacture were sold on account for $105,100. journalize the transactions. (credit account titles are automatically indented when amount is entered. do not indent manually.) no. account titles and explanation debit credit (1) (2) (3) (4) (5) (6) (7) (8) (9) (to record the sale) (to record the cost of the sale) click if you would like to show work for this question: open show work

Any point on a country's production possibilities frontier represents a combination of two goods that an economy: