The following is data for a manufacturing company: Begin Direct Materials $ 2,000 Direct Labor $ 5,000 End Direct Materials 3,000 Begin Work-in-Process 4,000 End Work-in-Process 6,000 Manufacturing Overhead 12,000 Direct Materials Purchased 10,000 Cost of Goods Manufactured 24,000 Cost Goods Sold ? End Finished Goods 9,000 Gross Margin (Profit) ? Net Income ? Operating Expenses 6,000 What is the amount of Direct Materials used in production?

Excellent inc. had a per-unit conversion cost of $3.00 during april and incurred direct materials cost of $112,000, direct labor costs of $84,000, and manufacturing overhead costs of $50,400 during the month. how many units did it manufacture during the month? a. 18,000 b. 44,800 c. 70,000 d. 30,000

Suppose an economist believes that the price level in the economy is directly related to the money supply, or the amount of money circulating in the economy. the economist proposes the following relationship: p=a x m - p=price level - m=money supply - a=a composite of other factors, including real gdp, that change very slowly over time. how might an economist gather empirical data to test the proposed relationship between money and the price level? an economist would persuade the federal reserve to change the money supply to various levels, and observe the resulting changes in the price level. unlike researchers in the hard sciences, economists cannot study complex relationships using data. economists do not usually develop theoretical models of the economy but only analyze summary statistics about the current state of the economy. an economist would look for data on past changes in the money supply, and note the resulting changes in the price level

What is the second step in communication planning? determine the purpose of the message outline the communication for delivery determine the best channel of communication clarify objectives identify the audience