Marigold Corp.'s accounting records reflect the following inventories: Dec. 31, 2017 Dec. 31, 2016 Raw materials inventory $390000 $340000 Work in process inventory 300000 160000 Finished goods inventory 190000 150000 During 2017, $890000 of raw materials were purchased, direct labor costs amounted to $670000, and manufacturing overhead incurred was $640000. Marigold Corp.'s total manufacturing costs incurred in 2017 amounted to

total cost incurred       2,250,000

Explanation:

From the inventory identity we solve for the added materials:

Beginning raw  390,000  

purchase         890,000  

ending raw        (340,000)  

added materials       940,000

Then, we solve for the cost adeed during the period, which are the cost incurred during the period:

added materials               940,000

labor                    670,000

applied overhead          640,000    

total cost incurred       2,250,000

b. encourages people to engage in behaviors directly related to goal accomplishment

Explanation:

When companies engage in planning, they establish a guide for the operations, setting goals and preparing the strategies and actions that will help accomplish those goals. Because of this, planning helps the employees to focus and work towards achieving the objectives.