cm4morris121801

25.06.2021 • 

Business

The following data from the just completed year are taken from the accounting records of Mason Company: Sales $ 653,000 Direct labor cost $ 86,000 Raw material purchases $ 131,000 Selling expenses $ 106,000 Administrative expenses $ 50,000 Manufacturing overhead applied to work in process $ 228,000 Actual manufacturing overhead costs $ 203,000 Inventories Beginning Ending Raw materials $ 8,700 $ 10,100 Work in process $ 6,000 $ 20,900 Finished goods $ 79,000 $ 25,100 Required: 1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. 2. Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead is closed to Cost

Ответ:

Rogeartest4

08.04.2021

Business

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Option (C) is correct.

Explanation:

Correct option: A coordination failure has occured.

When it was observed that most of the consumers and firms decreases their spending because they expect that some other consumers and firms decreases their consumption or spending and this will lead to a recession in an economy. So there is a coordination failure has occured.

Coordination failure is generally occurs when some of the firms can achieve a desirable equilibrium but unable to achieve it because they are not be able to coordinate with their decision making.

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