Any product, service, or organizational unit to which costs are assigned for some management purpose is a(n): (Points : 2) Cost object. Direct cost. Indirect cost. Cost driver. Allocation base.
Answers
Any product, service, or organizational unit to which costs are assigned for some management purpose is a(n): Cost object. A cost object is a term used in cost accounting to represent an item for which costs are compiled.
This can be a product, a service, or an organizational unit, such as a department or project. The main purpose of identifying cost objects is to allocate costs accurately and effectively for better management decision-making.
Direct cost - This refers to a cost that can be easily traced to a specific cost object, such as materials and labor required for producing a product.
Indirect cost - These are costs that cannot be directly traced to a specific cost object, like utilities or rent for a facility. They are often allocated to cost objects using an allocation base.
Cost driver - A cost driver is an activity or factor that causes a change in the cost of a product or service. It is used to allocate indirect costs to cost objects.
Allocation base - An allocation base is a measure used to assign indirect costs to cost objects, such as machine hours or direct labor hours.
To sum up, a cost object is an item for which costs are assigned for management purposes, whether it's a product, service, or organizational unit. Identifying cost objects helps businesses manage costs more effectively by allocating direct and indirect costs using cost drivers and allocation bases.
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Related Questions
GlowWell is a paint manufacturing company, It has formulations for two new brands of paint, Premium Plus and Ultra Hide. There are none of these in stock so they must be manufactured from scratch. A new order has come in and these two products has to be manufactured in 8 hrs. The two main ingredients in these paints are pigments and resins. The Premium brand requires 5mg of pigments and 0.2mg of resins in each can of paint. The Ultra Hide brand requires 4mg of pigments and 0.1 mg of resins in each can of paint. These formulations stipulate that pigments must be no more than 100mg and resins must be no less than 3mg per can of paint. GlowWell requires 12 minutes to manufacture a can of Premium Plus and 48 minutes for a can of Ultra Hide. The company needs to know the combination of paints to maximise its revenue. GlowWell will sell a can of Premium Plus for $10 and a can of Ultra Hide for $15. a) Use X1 and X2 to define the variables indicating which variable is X1 and X2 2. b) Derive GlowWell's Objective Function in terms of X1 and c) What are the Contraints under which GlowWell must operate d) Graphically illustrate the Feasible Region
Answers
a) Let's define the variables:
X1 = Number of cans of Premium Plus paint
X2 = Number of cans of Ultra Hide paint
b) The objective function represents GlowWell's revenue, which can be calculated by multiplying the number of cans of each type of paint by their respective selling prices. The objective function is:
Revenue = 10X1 + 15X2
c) The constraints under which GlowWell must operate are:
Pigment constraint: The total amount of pigments used in both types of paint must be less than or equal to 100mg.
5X1 + 4X2 ≤ 100
Resin constraint: The total amount of resins used in both types of paint must be greater than or equal to 3mg.
0.2X1 + 0.1X2 ≥ 3
Time constraint: The total manufacturing time for both types of paint must not exceed 8 hours (480 minutes).
12X1 + 48X2 ≤ 480
Non-negativity constraint: The number of cans cannot be negative.
X1 ≥ 0
X2 ≥ 0
d) To graphically illustrate the feasible region, we need to convert each constraint into an equation and plot them on a graph.
Pigment constraint:
5X1 + 4X2 ≤ 100
Convert to equation: 5X1 + 4X2 = 100
Plot this line on the graph.
Resin constraint:
0.2X1 + 0.1X2 ≥ 3
Convert to equation: 0.2X1 + 0.1X2 = 3
Shade the area above this line on the graph.
Time constraint:
12X1 + 48X2 ≤ 480
Convert to equation: 12X1 + 48X2 = 480
Plot this line on the graph.
Non-negativity constraint:
X1 ≥ 0
X2 ≥ 0
These constraints define the positive quadrant of the graph.
The feasible region is the area where all constraints are satisfied. It will be the intersection of the shaded regions determined by the equations. The feasible region will determine the range of values for X1 and X2 that GlowWell can choose to maximize its revenue.
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Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answers
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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Global Enterprise Corporation, a U.S. firm, wishes to participate, but limit its involvement, in Middle Eastern markets. Global Enterprise empowers Alem, Ltd., a United Arab Emirates firm, to enter into contracts in certain countries on Global Enterprises behalf. This is
Answers
Answer: An agency relationship
Explanation:
An agency relationship is defined as
A relationship where a person known as a principal gives legal permissions to act on his or her behalf. It is a kind of fiduciary relationship.Here, the agent is a subject in the command of the principal and has to follow his or her instructions.Here , agent = Global Enterprise empowers Alem, Ltd.
principal = Global Enterprises
Hence, the correct answer is "an agency relationship".
Ruby established an inter vivos irrevocable trust earlier this year that gave her husband, as the sole income beneficiary, a lifetime right to all income payable on an annual basis. Ruby named her children as remainder beneficiaries. She also gave her husband a general power of appointment over all trust assets during his lifetime and at his death. She funded the trust with $1,000,000 in cash and assets.
Which one of the following most closely approximates Ruby's taxable gift for this transfer?
A)$1,000,000
B)$500,000
C)$0
D)$345,800
Answers
$0 closely approximates Ruby's taxable gift for this transfer
A gift tax or inheritance tax is imposed on the sale of real estate while the donor is still alive. A gift is any donation made to a person directly or indirectly without receiving complete compensation (measured in money or money's worth) in return, according to the Internal Revenue Service of the United States. Unless there is a retention of an interest that delays the gift, the tax is typically assessed against the donor (the giver) when a taxable gift is provided in the form of cash, stocks, real estate, gift cards, or other tangible or intangible property.
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tobin's barbeque has a bank loan at 12% interest and an after-tax cost of debt of 4%. what will the after-tax cost of debt be when the loan is due if a new loan is taken out yielding 12%.
Answers
The after-tax cost of debt be when the loan is due if a new loan is taken out yielding 12% is 3.96%.
In the given question,
Tobins borbeque has a bank loan at interest rate =12%
An after-tax cost of debt rate is =4%
We have to find the after-tax cost of debt be when the loan is due if a new loan is taken out yielding 12%.
Firstly finding the tax rate.
The formula is used
After tax cost of debt = Interest rate * (1- Tax rate)
from the question, putting the value
4% = 12% x (1- Tax rate)
Divide by 12% on both side
4%/12% = 12%/12% x (1- Tax rate)
(1- Tax rate) = 4% / 12%
(1- Tax rate) = 4/12
(1 - Tax rate) =0.33
Subtract 1 on both side
1 -Tax rate-1 =0.33-1
-Tax rate= -0.67
Taking minus sign common. Then we get
Tax rate= 0.67
If interest rate on loan = 12%
After-tax cost of debt=12%×(1-67%)
After-tax cost of debt=12% * 0.33
After-tax cost of debt=3.96%
Hence, the after-tax cost of debt be when the loan is due if a new loan is taken out yielding 12% is 3.96%.
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Post-secondary education is
Answers
DescriptionTertiary education, also referred to as third-level, third-stage or post-secondary education, is the educational level following the completion of secondary education.
the reason that the law of demand exists is that: question 28 options: a) people always follow the law of the land. b) specialization leads to an increase in a person's standard of living. c) a higher price never reduces demand enough to lower producer's profits. d) people substitute cheaper products for more expensive products.
Answers
The reason that the law of demand exists is: D) "people substitute cheaper products for more expensive products".
The law of demand states that there is an inverse relationship between the price of a good and the quantity of it that consumers are willing and able to buy. This means that as the price of a good increases, the demand for it decreases, and vice versa. The reason that this law exists is because people have limited budgets and will often substitute cheaper products for more expensive ones.
This results in a lower demand for the more expensive product and an increased demand for the cheaper substitute. The law of demand forms a fundamental principle in economics and helps to explain consumer behavior and market dynamics.
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A local bank’s advertising reads: "Give us $50,000 today, and we’ll pay you $800 every year forever." If you plan to live forever, what annual interest rate will you earn on your deposit?1.92%1.60%2.56%2.24%
Answers
Answer:
The correct response is Option b (1.60%).
Explanation:
According to the question,
Initial investment,
= $50,000
Perpetual annual cash flows,
= $800
Now,
The interest rate will be:
= \(\frac{Perpetual \ annul \ cash \ flows}{Initial \ investment}\)
On substituting the given values, we get
= \(\frac{800}{50,000}\)
= \(0.016\)
i.e.,
= \(1.60 \ percent\)
list six aids to trade
Answers
- Advertising
- Tourism
- Banking
- Regional Trade Agreements
- Communication
In this assignment, you'll use a word processor to create a newsletter based on the following scenario: Suppose that you are a secretary at a high school. You need to provide the students with information about upcoming events and a reminder about the cell-phone policy. The cell-phone policy states that all cell phones need to be turned off while on the school campus until dismissal time. After the dismissal bell, phones may be turned on and used. The events that should be in the newsletter include a dance, chess tournament, community garden, basketball game, and fundraiser.
Answers
A high school secretary is under obligation to convey the students regarding the rules and regulations as well as the upcoming events that are about to take place in a high-school through a newsletter.
What is a newsletter?A bulletin of information, which is circulated among the members of an organization and any such person who has substantial interest in such information, is regarded as a newsletter.
A newsletter is attached in the form of an image with this part for the purpose of reference.
Hence, a newsletter that is required to be circulated by the high-school secretary will be in the form of the image being attached.
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you are looking to buy a car and you have been offered a loan with an apr of , compounded monthly. a. what is the true monthly rate of interest? b. what is the ear?
Answers
a. The true monthly rate of interest is [APR divided by 12].
b. The EAR (Effective Annual Rate) needs the number of compounding periods per year and can be calculated using the formula: EAR = (1 + [APR divided by m])^m - 1, where 'm' is the number of compounding periods per year.
a. To find the true monthly rate of interest, we divide the APR (Annual Percentage Rate) by 12 (the number of months in a year).
b. The EAR (Effective Annual Rate) takes into account the compounding effect over the course of a year. It can be calculated using the formula: EAR = (1 + [APR divided by m])^m - 1, where 'm' is the number of compounding periods per year.
However, the question doesn't provide the value of 'm' (the number of compounding periods per year). Without this information, it's not possible to calculate the exact EAR.
To determine the true monthly rate of interest, divide the APR by 12. The calculation for the EAR requires the number of compounding periods per year, which is not provided in the question.
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What is the basis of the law of demand?
Group of answer choices
Self-interested behavior
Marginal utility
Utility curves
Market timing
Answers
market timing
Explanation:
because that way u wont miss customers
Insurance sales, tax preparation, personal financial advising, and investment fund management are careers in which workers can be self-employed. Which careers have the highest and lowest self-employment rates?
1.Insurance sales has the highest rates, and tax preparation has the lowest rates.
2.Personal financial advising has the highest rates, and investment fund management has the lowest rates.
3.Investment fund management has the highest rates, and insurance sales has the lowest rates.
4.Tax preparation has the highest rates, and personal financial advising has the lowest rates.
Answers
Answer:
A: insurance sales has the highest rates, and tax preparation has the lowest rates.
Explanation:
it was 5 stars on the other question
Answer: A
Explanation: Insurance sales has the highest rates, and tax preparation has the lowest rates.
am I correct? if not lmk the answer please
Answers
Given that ROI measures performance over a period of time, invested capital would most appropriately be figured by using:
Answers
To calculate Return on Investment (ROI), which measures performance over a period of time, the most appropriate method for determining invested capital is by using the average invested capital.
Average invested capital accounts for the fluctuation in invested capital throughout the measured period and provides a more accurate representation of the resources deployed in the business.
To calculate average invested capital, you can take the sum of the beginning and ending invested capital and divide it by 2:
Average Invested Capital = (Beginning Invested Capital + Ending Invested Capital) / 2
This approach takes into account any changes in the invested capital during the period, providing a more accurate reflection of the resources tied up in the investment.
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Which one of these values can you usually expect from persons of integrity?
Answers
VALUE FROM PEOPLE WITH INTEGRITY:
- Responsibility. People who have integrity take responsibility for their actions no matter what they did.
Define a Small Scale Enterprise as per ‘MSMED Act, 2006’.
Answers
Explanation:
the Government of India has in acted, small and medium enterprises development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is an enterprise where the investment in plant and machinery is more than rate 25 lakh but does not exceed rate.
April has joined a team with members from the sales, customer service, and
shipping and receiving departments. Which term best describes the team
April joined?
O A. Cross-functional team
B. Problem-solving team
O C. Self-managing team
D. Work team
Answers
Answer:cross-functional team
Explanation:
Record the payment of accrued and current salaries.Salaries Expense-7,350Salaries Payable-4,900>Cash-12,250
Answers
To recognise the whole amount of wages earned by the employees for the time period covered by the payment, the Salaries Expense account is debited.
What does the diary entry for accumulating wages look like?The accrued salaries entry results in a credit to the accrued wages (or salaries) account and a debit to the compensation (or salaries) expenditure account. As a liability account, the accrued wages account can be found on the balance sheet.
What is the accounting entry for salaries paid and paid in full?What is the salary payable journal entry? Recording salary costs and establishing a liability are both parts of the journal entry for salary payments. Entities are required to record this cost at the end of each month. Due to the fact that there is no cash settlement at the date, increasing current liabilities is mandatory.
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Suppose we want to buy, at time to, a USD-denominated default-free discount bond, with maturity at t1 and current price B(to, t1). We can do this synthetically using bonds denominated in any other currency, as long as an FX forward exists and the relevant credit risks are the same. • First, we buy an appropriate number of, say, euro-denominated bonds with the same maturity, default risk, and the price B(to, t1EUR • This requires buying euros against dollars in the spot market at an exchange rate eto. • Then, using a forward contract on euro, we sell forward the euros received on December 31, when the bond matures. • The forward exchange rate is Fto. • The final outcome is that we pay USD now and receive a known amount of USD at maturity. • This should generate the same cash flows as a USD-denominated bond under no- arbitrage conditions. Draw the cash flows implied in these operations and the corresponding FX swap.
Answers
Overall the cash flows and FX swap should result in the same outcome as purchasing a USD-denominated bond under no-arbitrage conditions. A description of the cash flows implied in the operations and the corresponding FX swap.
The cash flows for this operation would be as follows:
At time to:- Buy euro-denominated bonds with maturity at t1, default risk, and price B(to, t1EUR), using USD to purchase euros in the spot market at the exchange rate eto , Pay USD to purchase the euro-denominated bonds.
At time t1 : - Receive the principal and interest payments from the euro-denominated bonds, denominated in euros.
Sell the euros received forward using a forward contract on euro at the forward exchange rate Fto, and receive USD at maturity.
The corresponding FX swap would involve two legs :-The first leg is the spot transaction in which USD is exchanged for euros at the exchange rate eto.
The second leg is the forward transaction in which the euros received from the first leg are exchanged for USD at the forward exchange rate Fto at maturity.
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warner brothers animation actually had its start as a company founded by:
Answers
Warner Bros. Animation had its start as a company founded by Hugh Harman and Rudolf Ising.
In 1930, Harman and Ising established their own animation studio called "Harman-Ising Productions." They later gained recognition for creating the first synchronized sound and color cartoons featuring characters like Bosko and Looney Tunes.
In 1933, Harman-Ising Productions entered into a distribution agreement with Warner Bros., and their cartoons began to bear the Warner Bros. name.
Eventually, Harman-Ising Productions became Warner Bros. Cartoons, and it laid the foundation for the renowned Warner Bros. Animation studio that continues to produce animated content to this day.
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What can be a benefit of using interviews to select employees to hire?
A. Insights from employees' examples
B. Accurate prediction of honesty
C. Good measurement of intelligence
D. Errors from employee bias
Answers
Answer:
B. Accurate prediction of honesty
Explanation:
Interviews are one of the most effective tools that human resource managers use to determine if a candidate is a match or not for a specific job. Flexibility is the key word here. That allows both the candidate and the interviewer, the possibility of understanding what are the skills needed for a certain job and if the candidate possesses them. When someone answers a test, you can tell if the candidate knows about the subject or not, but when he/she is interviewed, you can ask for more detail and examples that help clarify the candidate's ideas, expectations and capabilities. E.g. a candidate states that he/she knows how to use WordPress very well, and the interviewer can ask him/her about specific tasks to verify if that is true.
Answer:
A. Insights from employees’ examples
Explanation:
Just took the quiz.
Suppose that a demand curve exhibits two points. Initially, at price P 0 , the quantity demanded is Q 0 . When price changes to P 1 , quantity demanded is Q 1 . Move the components of the midpoint formula for elasticity of demand to their correct positions.
Answers
Answer and Explanation:
The formula to compute the price elasticity of demand is as follows:
= Percentage change in quantity demanded ÷ percentage change in price
At Price P0, the Quantity demanded is Q0
And,
At Price P1, the Quantity Demanded is Q1
Just like this, it could be computed
\(\frac{Q_1 - Q_0}{(Q_1 + Q_0)/2}\) divided by \(\frac{P_1 - P_0}{(P_1 + P_0)/2}\)
Sage met her manager to discuss an issue she was facing in the office. During the meeting, her manager's phone was constantly ringing. This made it difficult for Sage to explain her problem clearly. Her manager, distracted by the ringing phone, could not grasp the significance of the problem and sent Sage back with half-hearted promises to take appropriate action. In this scenario, the ringing telephone represents
Multiple Choice
a) a cue. b) noise. c) a filter. d) a communication channel. e) media richness.
Answers
In this scenario, the ringing telephone represents noise. Therefore, the correct answer is b).
What is Noise?Noise refers to any external factors that can interfere with or distort the communication process, making it difficult for the message sender and receiver to clearly understand each other. In this case, the ringing phone distracted both Sage and her manager, leading to an ineffective communication experience.
Noise can simply be defined as a loud or unpleasant sound to the ears. It can serve as a form of distraction or disturbance as the case maybe but ultimately it is unwanted.
In this scenario, the ringing telephone represents b) noise.
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Production Possibility Frontier Points According to the Law of Comparative Advantage, if Country A and B were to specialize and trade with each other Country A should produce X and Country B should produce Y. Country B should produce X and Country A should produce Y. Country A should produce X and calzones and Country B should try to produce something else. This is a situation where trade is not beneficial and each party should continue to produce both products and not specialize and trade.
Answers
According to the Law of Comparative Advantage, if Country A and Country B were to specialize and trade with each other, they should produce the goods in which they have a comparative advantage.
Comparative advantage refers to a situation where a country can produce a good at a lower opportunity cost compared to another country. It means that a country has a relatively lower sacrifice in terms of other goods given up to produce a particular good.
Based on this principle, Country A should specialize in producing the good X if it has a comparative advantage in producing X. On the other hand, Country B should specialize in producing the good Y if it has a comparative advantage in producing Y. By specializing in their respective areas of comparative advantage, both countries can maximize their production efficiency and benefit from trade.
It is important to note that the Law of Comparative Advantage suggests that specialization and trade are generally beneficial for countries as it allows them to produce and consume goods more efficiently, leading to increased overall welfare.
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what is technical education
Answers
Answer:
Technical education is learning something about a specific work scientifically in detail and practical.
Answer:
The academic and vocational preparation of students for jobs involving applied science and modern technology!
Explanation:
juju's dividend next year is expected to be 5.50. it is trading at $45 and is expected to grow at 4 percent per year. what is juju's dividend yield and capital gain?
Answers
Jujus dividend yield and the capital gain, based on the dividend per share, can be found to be:
Capital gain - $1.80Dividend yield - 12.22%How to find the dividend yield?The dividend yield can be found by the formula:
= Dividend per share / Price per share
Dividend per share = $5.50
Price per share = $45
The dividend yield is:
= 5.50 / 45
= 12.22%
The capital gain will be:
= (Selling price x ( 1 + growth rate) ) - Selling price
= ( 45 x ( 1 + 4%) ) - 45
= $1.80
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3. M&J has been successful so far because of word-of-mouth advertising. This method has allowed the company
to capture a substantial share of the local market of 18- to 28-year-old women, but the company is having
trouble expanding into new markets
Answers
By diversifying their marketing efforts, the company can increase brand awareness and ultimately capture a larger share of potential customers in new markets.
Word-of-mouth advertising has been a crucial factor in the success of M&J so far, especially in capturing the attention of 18 to 28-year-old women in the local market. However, as the company looks to expand into new markets, it needs to diversify its marketing strategy.
One way to achieve this is through targeted online advertising on social media platforms and search engines. By creating engaging content and using keywords that resonate with the target audience, M&J can attract new customers who may not have heard about the brand through word-of-mouth.
Another strategy is to collaborate with popular influencers who have a large following in the new market. These influencers can showcase M&J's products and services to their followers, thereby increasing the brand's visibility and credibility. Additionally, M&J can consider sponsoring local events or partnering with other businesses in the new market to increase its reach.
Overall, while word-of-mouth advertising has been successful for M&J in the past, expanding into new markets requires a more diverse and targeted marketing strategy.
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A(n) _____ identifies how you feel about an activity or subject.
Answers
Answer:
Survey
it questions and identifies how you feel about an activity or subject.
Answer: interest theory
took it on edg.
Sophia used the Consumer Reports website to research an economical choice for a new washer and dryer for her apartment, and she trusted the information because the website was not affiliated with the sellers of these products. This is an example of which type of information source in the purchase decision process
Answers
The public source of information is used in the purchase decision process by Sophia.
What is a public source of information?A public source of information refers to a source of information of a non-confidential nature that are publicly available for all.
The public source of information are access through:
internet search means.information service subscription.materials created and sent to members of the public.In conclusion, the public source of information is used in the purchase decision process by Sophia.
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