the accounting system used to assess the specific cost components of producing a product or service is known as

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Answer 1

The accounting system used to assess the specific cost components of producing a product or service is known as a cost accounting system. Cost accounting is a management tool that helps businesses determine the cost of their products and services by tracking and allocating costs to each product or service.


Cost accounting systems are designed to provide accurate information about the cost of producing a particular product or service. This information is then used to make decisions about pricing, production, and other business operations. By accurately tracking costs, businesses can make informed decisions about how to improve their profitability and efficiency.
A cost accounting system typically includes several components, such as cost centers, cost drivers, and cost allocations. Cost centers are areas of the business where costs are incurred, such as production departments or administrative functions. Cost drivers are factors that affect the cost of producing a product or service, such as labor, materials, and overhead. Cost allocations are methods used to distribute costs across different products or services.
Overall, a cost accounting system provides businesses with valuable information about the true cost of producing their products or services. This information can help them make informed decisions about pricing, production, and other business operations, ultimately leading to improved profitability and success.

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Related Questions

what is transactions amount​

Answers

Do you got a picture or something

Answer:

Transaction Amount means the total amount due to the state for any goods, service or license or anything else of value.

If real GDP grows by 3 percent, the velocity of circulation does not change, and the quantity of money grows by 3 percent, then in the long run the inflation rate is

Answers

Based on the real GDP growth rate, the velocity of circulation, and the quantity of money, the long run inflation rate will be 0%.

What is the long-run inflation rate?

This can be found using the Quantity theory of money:
Money supply x Velocity of circulation = Price level x Real GDP

Can also be written as:

% change in M + % change in V = % change in P + % change in Y

Solving gives:

3% + 0 = P + 3%

P = 3% - 3%

= 0%

The price level is to increase by 0% which means that inflation is 0%.

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Which of the following tasks would be completed by a radio announcer

Answers

Answer:

Research questions for interviewing guests.

Explanation:

A Radio Announcer has several responsibilities among which could be research questions for interviewing guests, and be the voice of the show, he would have to do troubleshooting, nor train customers, he shouldn´t need to install telecommunication equipment, so the only responsibility that the radio announcer would have from the options would be D) Research questions for interviewing guests.

20. One way the federal government can control inflation is to increase
A) the money supply.
B) public spending.
C) the tax rate.
D) bank regulation

Answers

One way the federal government can control inflation is to increase public spending.

Therefore, Option B is the correct option.

What is Inflation?

In the field of economics, inflation is the broad term for a rise in the cost of goods and services across an economy. Each unit of currency may purchase fewer products and services as the general price level rises, hence inflation is associated with a decline in the purchasing power of money.

In conclusion, inflation is the term used to describe a long-term, widespread increase in the cost of goods and services throughout the economy, which reduces both consumer and company purchasing power. In other words, a dollar (or whatever currency you choose to pay with) will not buy as much today as it did yesterday.

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Now you must decide who should be on the team. Kelly will be on the team as a matter of course, and you must choose three other GearUp employees to work with her.

Answers

Answer: The best choices would have been Deepak Menon, Ruby Coulbury, and Ethan Atkinson

Explanation:

Team work requires the best of those not only coming to the team with their talent and idea but those who'd be willing to put their everything to make sure the project being carried out is a success, failure to do so would just be having bunch of talented people with no passion but woould rather work for personal gain and fame. Choosing the best shouldn't just be what they can do but also how passionate are they. That's why the best choices would have been Deepak Menon, Ruby Coulbury, and Ethan Atkinson based on their passion accompanied with their talent.

MATCH EACH TERM WITH EACH DEFINITION

Credit report
Grace period
Secured card
Annual percentage rate

1. The amount of interest paid on a unpaid balance

2. Number of days to run a balance before fees or interest are charged

3.A credit card with money in a savings account to act as collateral

4. A listing of a persons financial information and history

Answers

Answer:

grace period = 2

credit report= 4

secured card = 3

annual percentage rate = 1

Answer:

annual percentage ; the amount of interest charged on unpaid balances

grace paid ; number of days to run a balance before fees or interest are charged.

balance transfer ; the movement of money owed on one credit card to another credit card.

credit report ; listing of a person's financial information and history.

Explanation:

ap3x correct

Your company makes skiing equipment and apparel. You recently launched a number of new features and capabilities on your website that are aimed at the active skier target market. One of the most popular features is the one that sends an alert to skiers when forecasted weather conditions at their favorite ski venues are most favorable for skiing. There are also alerts that contain information about the size of daily crowds at these venues. Which of the following digital capabilities are you directing your head of marketing to base the strategy on?A. Right-time marketing.
B. Interactive marketing.
C. Global reach.
D. Integrated marketing.
E. Personalization.

Answers

Answer:

Option E (Personalization) seems to be the correct option.

Explanation:

Personalization seems to be the mechanism through which a consumer customizes a computer or web-based interface according to fit their individual preferences. The growth in personalized service has compounded aspects of confidentiality and consumer concern. In certain situations, personalization requires a promise of non-disclosure between some of the customer and the service provider.

Some other solutions offered are not linked to the situation in question. But the following seems to be the right thing

What is the conceptualization of a problem in an attempt to place it in a definable category, possibly leading to a standard solution approach?
a. Problem classification
b. Problem decomposition
c. Problem ownership
d. Problem design

Answers

The answer is a. Problem classification. Problem classification involves breaking down a problem into smaller components and categorizing it in order to develop a standard solution approach.

This helps in identifying the root cause of the problem and finding the appropriate method to solve it.
 

The conceptualization of a problem in an attempt to place it in a definable category, possibly leading to a standard solution approach, is known as:  Problem classification.

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Which of the following could be a trade secret?

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where are the questions there are not questions

how am i supposed to help you if there is no questions

Using the SMART goal-writing criteria, what refers to being able to complete a goal? A. Realistic B. Measurable C. Attainable D. Specific

Answers

Answer:

C.

Explanation:

attainable or to attain the goal

which office maintains custody over tax money collected, sells government bonds, and influences stock investments by the public-employee pension funds?

Answers

The Federal Reserve, serving as fiscal agent for the Treasury, shall guarantee that depositaries provide adequate collateralization for public money, as defined above, that surpasses relevant insurance limitations based on the collateral requirements provided by the government agencies.

Their constitutional power also extends to the executive branch, which they may sway by accepting or rejecting presidential nominees for positions at agencies, managing the federal budget, and using their right to filibuster (delay or prevent legislation through protracted discussion). A proposal can either be accepted and signed into law by the president, or it can be rejected (vetoed). The majority of the time, Congress has the option to pass legislation by overriding the president's veto and making it law. According to the Constitution's list of three qualifications, the President must be at least 35 years old, a citizen of the United States by birth, and have lived in the nation for at least 14 years.

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The public power company is an example of which market structure?
A. Perfect competition
B. Monopolistic competition
C. Oligopoly
D. Monopoly

Answers

Answer:

D. Monopoly

Explanation:

A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. Thus, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes. Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.

Hence, the public power company is an example of a monopoly because they serve as the only power utility provider to the public.

Additionally, a public power company refers to a company that provides power (electricity) utility to the general public of a society.  

Which of the following is a major concern of any firm trying to increase profits? Select one: a. High return on investment b. Low turnover rate c. High employee retention d. Low attrition rate e. Lack of employee commitment

Answers

The major concern of any firm trying to increase profits is a. High return on investment.

A high return on investment is crucial for a company's profitability as it indicates that the investments made by the firm are generating significant returns. By achieving a high return on investment, a company can maximize its profits and enhance its financial performance. While factors like low turnover rate, high employee retention, low attrition rate, and employee commitment are important for organizational success, they are not directly tied to increasing profits. These factors contribute to a positive work environment, employee satisfaction, and productivity, which can indirectly impact profitability. However, the primary objective of a firm aiming to increase profits is to generate a high return on investment, ensuring that the resources allocated to different activities yield substantial financial returns.

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Which professional draws maps and plans for projects involving structures other than buildings, such as bridges?
I WILL MARK BRAILIST FOR THE FIRT PERSON THAT ANZARERS

Answers

Answer:

pretty sure its A

Explanation:

google said an architect and other people said A also Architects create designs for new construction projects, alterations and redevelopments. They use their specialist construction knowledge and high-level drawing skills to design buildings that are functional, safe, sustainable and aesthetically pleasing.

Answer:

the answer is a

Explanation:

an architect and other people said A also Architects create designs for new construction projects, alterations and redevelopments. They use their specialist construction knowledge and high-level drawing skills to design buildings that are functional, safe, sustainable and aesthetically pleasing.

As the number of multinational corporations increases, we are experiencing international ethical dilemmas. one very real concern during the past decade is the human rights abuses in sweatshops where several multinationals contract manufacture their products, in exchange for cheap labor. s

Answers

Answer: A) Multinationals must subjectively determine the local "living wage," which is usually more than the local legal wage in developing countries. Customers surveyed say they are willing to pay a few dollars more to improve working conditions in sweatshops.

Explanation:

Developing countries are notorious for setting low legal minimum wages in order to attract foreign investment and also because such countries have lower standards of living.

For Multinationals to improve conditions therefore, they would have to independently determine a living wage that they could pay such workers to alleviate their conditions and this effort would be taxing because Multinationals are not on ground to conduct proper research.

A silver lining is that customers surveyed say they are willing to pay extra if conditions in sweat shops would improve.

Full question is;

As the number of multinational corporations increases, we are experiencing international ethical dilemmas. One very real concern during the past decade is the human rights abuses in sweatshops where several multinationals contract manufacture their products, in exchange for cheap labor. Several retailers have banned together to set ethical standards in foreign factories. Which of the following statements summarizes the challenges of companies doing business in developing countries and the concerns of their customers?

A) Multinationals must subjectively determine the local "living wage," which is usually more than the local legal wage in developing countries. Customers surveyed say they are willing to pay a few dollars more to improve working conditions in sweatshops.

B) Economically sensitive customers want companies to pass along cost savings to them, at all costs, even if the products are made through offshore outsourcing. Companies want to please customers, first!

C) Most multinational corporations have made no attempt to improve working standards at sweatshop factories. They will turn a blind eye to the problem unless U.S. law is passed to force the issue. Customers understand that legal limits come before ethical standards.

D) Multinationals cannot be expected to demand socially responsible behavior from their supplier, including foreign sweatshops. When doing business abroad, the U.S. company need not comply with U.S. law when its supplier(s) is not in the U.S. or on U.S. territory.

If you are transporting property for hire with a for-hire endorsement, what is the vehicle gross vehicle weight limit?

Answers

If you are transporting property for hire with a for-hire A Class C licence typically entitles the holder to drive any vehicle or group of vehicles with a gross vehicle weight rating (GVWR) of less than 26,001 pounds.

Provided that the vehicle is not intended to carry more than 15 people (including the driver) and is not used to transport hazardous materials in quantities that necessitate placarding.

Any single vehicle with a GVWR of 26,001 pounds or more, or any such vehicle towing a vehicle with a GVWR of less than 10,000 pounds, may be operated by the holder of a Class B licence. If the vehicle being towed has a GVWR of more than 10,000 pounds, the bearer of a Class A licence may drive any combination of vehicles with a GVWR of 26,001 pounds or more.

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Define the word extractive!



Thanks!

Answers

Pleasing or appealing to the senses

To reduce traffic, market town enacts an ordinance that allows only a few specific street vendors to operate in certain areas. a court would likely review this ordinance under the principles of:____________

Answers

To reduce traffic, market town enacts an ordinance that permits only a few specific street vendors to function in certain areas. a court would likely review this ordinance under the principles equal protection.

What is principle equal protection?

The concept of equal protection states that no one should be denied the same level of protection from a government's laws. A person must be treated equally by the state's governing authority to others who are in comparable situations. Advocates have used the Equal Protection Clause, which mandates that states treat their residents equally, to challenge discriminatory laws, policies, and governmental acts.

Equal protection compels a state to govern impartially rather than making distinctions between people based purely on characteristics that are unrelated to a justifiable governmental goal. Therefore, the equal protection provision is essential for upholding civil rights. The goal of equal protection was to compel states to govern impartially and refrain from making disparities between people based on features that are immaterial to achieving governmental goals. In order to guarantee civil rights, the equal protection provision was essential.

Hence,  To reduce traffic, market town enacts an ordinance that permits only a few specific street vendors to function in certain areas. a court would likely review this ordinance under the principles equal protection.

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Utilizing your research notes, imagine you are a business manager and you must create a brief step-by-step problem-solving guide to be used by your employees. The guide should outline the steps in the problem solving process and provide a few details as to how an individual could approach each step. The guide should be no more than one page. Be sure to explain the value of collaboration and teamwork within the workplace.

Answers

Answer:

Define the problem

Analyze the affects of problem on the business

Generate list possible solutions to it.

Evaluate each alternative.

Implement a solution that is best fit

Monitor the results

Explanation:

There are six steps in problem solving. As a business manager one should understand all these steps to immediately counter a problem and progress for business success. The business manager should first define the problem and analyse the affects that it may cause to the business operations. He should then consider list of possible solutions which can solve the problem without any harm to business activities. The best possible solution to the problem should be selected and then it should be implemented to solve the problem quickly. The progress of the problem solving should be evaluated.

2. A company deals with three products A, B and C. They are to be processed in three departments X, Y and Z. Products A require 2 hours of department X, 3 hours of department Y and product B requires 3 hours,2 hours and 4 hours of department X, Y and Z respectively. Product C requires 2 hours in department Y and 5 hours in department Z respectively. The profit contribution of A, B and C are N$ 3, N$ 5 and N$ 4 respectively. Find the optimal product mix for maximising the profit. In the coming planning period, 8 hours of department X, 15 hours of department Y and 10 hours of department Z are available for production.

Answers

The company manufacture x units of A, y units of B and z units of C.We have to maximize profit z. P = 3x + 5y + 4z, subject to the constraints:2x + 3y ≤ 8 (available time in department X is 8 hours)3x + 2y + 4z ≤ 15 (available time in department Y is 15 hours)5z + 2y ≤ 10 (available time in department Z is 10 hours)x ≥ 0, y ≥ 0, z ≥ 0

Now, we can use the Simplex Method to solve the given Linear Programming Problem by first setting up a table.  The given LP model can be converted to the standard form by adding slack variables to the inequality constraints. The standard form of the LP model is given as: Maximize P = 3x + 5y + 4z

Subject to2x + 3y + s1 = 83

x + 2y + 4z + s2 = 155

z + 2y + s3 = 10

x, y, z, s1, s2, s3 ≥ 0

The simplex table for the given problem is shown below: Simplex Table: C Basic Variables Solution

3x + 5y + 4zP2/3x + y - 2/3s1/3s2 0s3

= 00s11/3x - 2/3y + 2/3s1

= 8/3- 2/3s2 0s3

= 00s21/2x + y + 2z + 1/2s2

= 15- 3/2x 0s3

= 0-5z - 2y + s3

= 10

x, y, z, s1, s2, s3 ≥ 0Since all coefficients in row 0 are positive, the current solution is optimal. Therefore, the optimal product mix is x = 3, y = 3/2 and z = 0 with a maximum profit of N$ 22.50 (3x + 5y + 4z).the optimal profit is N$ 22.50.

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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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why does standard deviation of a deiversified portfolio not change when you add a stock

Answers

The standard deviation of a diversified portfolio does not change when you add a stock under the assumption of perfect positive correlation between the stocks in the portfolio.

In other words, when the stocks move in perfect synchronization with each other. When stocks are perfectly positively correlated, their price movements tend to move together, resulting in reduced risk diversification benefits. Adding another stock to the portfolio does not significantly affect the overall portfolio risk because the new stock's price movements are highly correlated with the existing stocks. As a result, the impact of the new stock on the portfolio's overall risk is minimal.

It's important to note that in real-world scenarios, perfect positive correlation is rarely observed. In practice, stocks have varying degrees of correlation, which means the standard deviation of a diversified portfolio may change when adding a stock depending on its correlation with the existing stocks. Proper diversification aims to include stocks with low or negative correlations to reduce the portfolio's overall risk.

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T/F Mixed economies can evolve when societies with different kinds of economies interact

Answers

Mixed economies can evolve when societies with different kinds of economies interact. This statement is true.

A mixed economic system is one that incorporates elements of both capitalism and socialism.

A mixed economic system protects private property and provides for some economic freedom in the use of capital, but it also permits governments to intervene in economic activities to achieve social goals.

According to neoclassical theory, mixed economies are less efficient than pure free markets, but supporters of government intervention claim that the fundamental prerequisites for efficiency in free markets, such as equal knowledge and rational market players, cannot be met in practice.

Most modern economies are a hybrid of two or more economic systems, with economies falling somewhere along a spectrum.

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how do you think your company's stakeholders would feel about your company simply adjusting to local management practices

Answers

Stakeholders' feelings about adjusting to local management practices would vary depending on the context and their individual interests.

How might stakeholders feel about a company's adjustment to local management practices?

However, in general, stakeholders' feelings about a company adjusting to local management practices would depend on various factors such as the specific context, the nature of the adjustments, and the stakeholders' interests.

Some stakeholders may appreciate the company's adaptation as it demonstrates a commitment to local values, culture, and practices.

It may help build stronger relationships with local communities and enhance the company's reputation.

On the other hand, some stakeholders may have concerns about the potential impact on the company's global standards, consistency, and overall performance.

Balancing the interests of different stakeholders and considering the long-term implications would be essential in decision-making related to adjusting to local management practices.

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a bank quotes an interest of 12% per annum with quarterly compounding. what is the equivalent rate with (a) continuous compounding (b) annual compounding?

Answers

continuous compounding is 6.354% and annual compounding is 12.55% at interest rate of 12%.

given data:

interest rate = 12%

investor received =  $1,100

time period = 18 months

invested amount = $1,000

a) continuous compounding

   PVe^Rn = FV

   1000*e^R*1.5 = 1100

   e^(r*1.5) = 1.1

   R*1.5 = ln(1.1)

   r = 6.354%

b) Annual compounding:

   (1+r) = (1+0.12/4)^4-1

   R = 12.55%

In addition to the principal, a lender will charge a borrower interest as compensation for using their assets. A deposit account's earnings from money are also subject to interest rates at banks and credit unions. Simple interest is typically used in mortgages. Compound interest, on the other hand, is used in some loans and is applied both to the principle and to the interest accrued over time. A lender will charge a lower interest rate for a borrower they deem to be low risk. The interest rate on a loan with a high perceived risk will be greater. The interest rate on savings accounts and certificates of deposit that is earned at a bank or credit union is known as the annual percentage yield, or APY. Compound interest is utilised by savings accounts and CDs.

the complete question is:

A bank quotes you an interest rate of 12% per annum with quarterly compounding. What is the equivalent rate with annual compounding? An investor receives $1,100 in 18 months in return for an investment of $1,000 now. Calculate the percentage return per annum with continuous compounding.

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A customer calls the support center of a company to get advice on which digital camera is best for her needs. The customer support employee listens to her needs and provides recommendations appropriate for her.

Answers

Answer:be fair and honest with customers

Explanation:

Answer:

Be fair and honest with customers.

does doja cat deserve her fame? what do you think?

Answers

yes she’s a talented queen
yeah shes good and i feel like she’s very creative

your text suggests that the researchers for the negative income tax should have focused on

Answers

Researchers should have focused on the potential negative effects of the policy proposal and developed strategies to mitigate them to ensure its effectiveness and sustainability.

The negative income tax is a policy proposal that aims to provide a minimum level of income for all citizens, especially those in poverty. While the concept may seem appealing, there are potential drawbacks that researchers should have focused on.

For instance, implementing a negative income tax could create a disincentive for individuals to work, which would be harmful to the overall economy.

Moreover, there could be unintended consequences of a negative income tax that could harm the very people it seeks to help, such as increasing inflation and reducing the value of currency.

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According to the _____________________ argument, a market-oriented economy has no obvious way to implement a plan of systematic wage reductions.

Answers

Answer:

The answer is Coordination.

Explanation:

According to the Coordination argument, a market-orienated economy has no obvious way to implement a plan of systematic wage reductions.

can woolworths raise extra capital for expansion

Answers

Woolworths can raise extra capital for the expansion a shop in each kingdom in Australia. With the organisation and its stores strolling correctly. Woolworths commenced to experiment with expanding their grocery range more shops began stocking clean culmination and vegetables and a bigger variety of meals.

Woolworths has created an aggressive facet thru its tremendous logistics systems and particularly organized providers' contracts, which ensure that goods are introduced at the proper time. further, the employer uses era to manipulate its delivery chain and stock.

Woolworths has created an aggressive part thru its outstanding logistics systems and relatively organized providers' contracts, which ensure that items are brought at the right time. in addition, the employer makes use of technology to control its supply chain and stock.

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Translate to English Question 7 (2 points)A mocktail is a flavoured cocktail.O TrueO False Problem: Write the Python code of a program called University Application that asks the user enter their name, age, and high school GPA. If the user is at least 18 years old and their school GPA is at least 2.75, display a message telling the user they eligible to apply to study that major. However, in case the user's GPA is below 2.75, display a message telling them that they are not eligible to apply to study at this university. If the user is 17 or 16 years old, and have a GPA of at least 3.0, display a message telling them they can apply for exceptional acceptance. If the user is younger than 16, tell them they must wait until they are older to apply. refer to exhibit 11-1. what is the marginal revenue product of the fifth unit of labor? a. $6. b. $324. c. $54. d. $36. What was a theme of African American literature during the Harlem Renaissance?the rise of a consumer culture and economy in the 1920shosO a history of the Great Migration of African Americans to the NorthO a description of what it meant to be black in the United States you want to ride a bicycle to the house shown below. neglecting friction, at which point should you start in order to use the least amount of work to get there? En lo dramtico, el lenguaje adopta una actitud pls help!!!!can you please help me with this? thanks what does provenance mean in the context of artworks and art history? What state dominated the steel industry for a hundred years? Find anexpression which represents the difference when (-4x 3y) is subtractedfrom (2x 10y) in simplest terms. Which case represented the first time the supreme court reviewed and ruled on acts of the other branches of government?. Put the steps in order for changing the repeating decimal, which is rational, to a ratio or fraction. 0.171717.... = what fraction?1. 1.99x = 172. subtract (x = 0.171717....)3. x = 0.1717174. x = 17/995. 100x = 17.1717.... PLS ANSWER QUICKIndex fossils help scientists estimate the age of a rock because index fossil species only existed for a relatively short time. What happened to the species that are now used as index fossils. 1. They became extinct 2.They changed diets 3.They hid in marine sediments 4.They migrated to new environments Tristate buffers have a normal input, an output, and a control input that determines the state of the output. When the control input is equal to 1, the output is enabled and the gate behaves like a conventional buffer with the output equal to the normal input. What is the frequency symbol? Are there seasons in a tropical rainforest? Explain why or why not. what are the 2 parts to the L component of TLC in CG burden? (LM) who was believed to be the prototype of king of hearts in poker Julian owns and operates a manufacturing plant as a sole proprietor. He purchased a specialized machine used in the manufacturing process for $20,000 several years ago. Julian sold the machine for $24,000 after claiming $9,505 of cost recovery deductions. What is the amount and nature (character) of the gain or loss resulting from this disposition