Consider the Following for Guardian Manufacturing Company What Are the Cost of Goods Manufactured and Cost of |

question 12

Multiple Choice

Consider the following for Guardian Manufacturing Company: $$\begin{array} { l | l } \text { Change in finished goods inventory } & \$ 315 \text { increase } \\\hline \text { Change in work-in-process inventory } & \$ 145 \text { increase } \\\hline \text { Total manufacturing costs } & \$ 630\end{array}$$ What are the cost of goods manufactured and cost of goods sold? $$\begin{array} { l c } \text { Cost of goods } & \text { Cost of goods } \\\text { manufactured } & \text { sold } \\\hline \text { A) } \$ 470 & \$ 320 \\\text { B) } \$ 485 & \$ 170 \\\text { C) } \$ 505 & \$ 280 \\\text { D) } \$ 485 & \$ 370\end{array}$$

• A)Option A
• B)Option B
• C)Option C
• D)Option D

Explain the role of voltage and current in forming magnetic fields in induction motors.

Describe the construction and role of squirrel cage in induction motors.

Understand the theoretical aspects behind the operation of three-phase motors.

Grasp the concepts of magnetic laws and how they apply to induction motors.

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Definitions:

Long Run

A period of time in which all factors of production and costs are variable, allowing for full industry adjustment to changes.

Minimum ATC

This refers to the lowest point on the average total cost curve, representing the most efficient scale of operation for a firm.

Short Run

refers to a period in which at least one input in the production process is fixed and cannot be changed.

Long Run

A period in economics where all factors of production and costs are variable, allowing companies to adjust to new conditions.