Business, 28.02.2020 21:55 timothyashburn8
Product costs are all costs of a product that the IRS requires companies to treat as an asset for external financial reporting. These costs are recorded as an asset (inventory) on the balance sheet until the asset is sold. The cost is then transferred to an expense account ( ▼ Cost of Goods Manufactured Cost of Goods Sold Inventory Expense Product Expense ) on the income statement.
Answers: 2
Business, 21.06.2019 18:50
You are the manager of a firm that produces output in two plants. the demand for your firm's product is p = 20 − q, where q = q1 + q2. the marginal costs associated with producing in the two plants are mc1 = 2 and mc2 = 2q2. how much output should be produced in plant 1 in order to maximize profits?
Answers: 3
Business, 22.06.2019 20:00
In myanmar, six laborers, each making the equivalent of $ 2.50 per day, can produce 40 units per day. in china, ten laborers, each making the equivalent of $ 2.25 per day, can produce 48 units. in billings comma montana, two laborers, each making $ 60.00 per day, can make 102 units. based on labor cost per unit only, the most economical location to produce the item is china , with a labor cost per unit of $ . 05. (enter your response rounded to two decimal places.)
Answers: 3
Product costs are all costs of a product that the IRS requires companies to treat as an asset for ex...
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