Laramie Technologies Had the Following Data

question 49

Essay

Laramie Technologies had the following data:
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Cost of materials used $50,000
Direct labor costs 56,000
Factory overhead 28,000
Work in process,beg. 45,000
Work in process,end. 32,000
​
Calculate the cost of goods manufactured.

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Definitions:

Buyer's Needs

The requirements, desires, or expectations that consumers have when looking for a product or service.

FAB Formula

A sales technique focusing on the features, advantages, and benefits of a product, designed to present its value proposition effectively.

Customer Profile

A detailed description of the characteristics, behaviors, and demographics of a business's typical customers.

Analogy

A comparison between two different situations that have something in common.