What is GPD (gross domestic product)

gross domestic product (GPD) the total value of all final goods and services produced in a particular economy; the dollar value of all final goods service produced within a country's boarders in a given year. Intermediate goods. goods used in the production of final goods.

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o

after cutting wages and benefits in order to increase profit .

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