Calculate the cost of goods manufactured using the following information: Direct materials used $ 299,100 Direct labor used 132,600 Factory overhead costs 264,600 General and administrative expenses 86,100 Selling expenses 49,400 Work in Process inventory, January 1 119,100 Work in Process inventory, December 31 126,500 Finished goods inventory, January 1 232,700 Finished goods inventory, December 31 239,300

Determine if the following statements are true or false. an increase in government spending can crowd out private investment. an improvement in the budget balance increases the demand for financial capital. an increase in private consumption may crowd out private investment. lower interest rates can lead to private investment being crowded out. a trade balance in sur+ increases the supply of financial capital. if private savings is equal to private investment, then there is neither a budget sur+ nor a budget deficit.

Ashop owner uses a reorder point approach to restocking a certain raw material. lead time is six days. usage of the material during lead time is normally distributed with a mean of 42 pounds and a standard deviation of four pounds. when should the raw material be reordered if the acceptable risk of a stockout is 3 percent?

What type of negotiating strategy requires the supplier to open its books to the purchasers? a. competitive biddingb. cost-based price modelc. price-based modeld. market-based price modele. transparent negotiations