The Cost of Goods sold is $52,800.
Cost of goods sold refers to the all the costs that are directly associated with the production of a product. This includes cost of raw materials, direct labour and any other costs that are directly attributable to the production of a product.
Freight -in refers to transportation cost incurred at the time of the delivery of goods from a supplier.
Freight out refers to the cost of transporting goods from a supplier to a customer, and are borne by the supplier.
Both freight-in and freight-out are included in the Cost of Goods Sold of a business organization.
In locating your network main distribution facility is the
room that is the smallest, the place should be away from from copper such as
plumbing and to have security in mind, it should be placed and made away from
the other rooms.
Answer:
b. Actual quantity purchased by the difference between actual price and standard price
Explanation:
The formula to compute the material purchase price is shown below:
= Actual Quantity × (Standard Price - Actual Price)
It is derived by taking a difference between the standard price and the actual price and then multiplying it by the actual quantity so that the material price or material purchase price variance could come
Hence, the correct option is b.