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A company started with $0 in direct materials, purchased $5,000 of materials, and ended with $300 in materials. Direct labor equaled $4,000. The applied overhead for the period was $2,250. There were no beginning or ending work in process amounts. What was the cost of goods manufactured for the period?
A. $11,250
B. $10,950
C. $11,550
D. $9,000
i want to know the different types of costs.
Q. A firm's total cost function is given by TC = 2Q 2 + 10. What are the firm's fixed cost, variable cost, average fixed cost, average variable cost, and marginal cost functions?
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