Under what conditions would it be appropriate to use a process costing system?
Answers
In many businesses, process costing is the only method that makes sense for estimating product costs. There is no need to significantly rearrange the chart of accounts since it employs many of the same journal entries as a job costing environment.
What is process costing?
When producing large quantities of identical goods, process costing is employed since it is impossible to distinguish between the costs of different output units. In other words, it is assumed that the price of each produced good is the same as the price of every other good. According to this idea, expenditures are gathered over a predetermined amount of time, summed up, and then uniformly distributed across all the units produced during that time.Process costing system will be used as under:
Examples of sectors where this kind of production takes place include the food, chemical, and oil refining industries. How would you calculate the exact cost needed to produce one gallon of aviation fuel, for instance, when a refinery is pumping out thousands of gallons of the same fuel per hour?
Therefore, Process costing is the cost accounting technique employed in this circumstance.
In many businesses, process costing is the only method that makes sense for estimating product costs. There is no need to significantly rearrange the chart of accounts since it employs many of the same journal entries as a job costing environment.
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Related Questions
A company can raise money by doing all but which of the following?
A. Conducting an initial public offering
O B. Taking a loan
C. Providing stock options to executives
D. Issuing bonds
Answers
Answer:
B
Explanation:
PLEASE HELP ME!!!!! I need to know the best ways to make a small business known. I just started a small Scentsy® business with my mom. I don't do social media and my moms is mainly her private friends even though it is public.
Answers
Answer:
Buy ads and get social media
Explanation:
fernando is mapping out his time using the 3-step process to complete his business project on marketing to millennials. which stage in the 3-step process should he dedicate the majority of his time to? a. writing b. planning c. perfecting d. all three steps should use equal time.
Answers
B) fernando is mapping out his time using the 3-step process to complete his business project on marketing to millennials. the 3-step process should he dedicate the majority of his time to planning.
There are typically three fundamental processes involved in writing a letter's content:
Step 1:Planning : Determine your reader's identity, decide what information you want them to know first (your statement of purpose), decide what other information they should know, and decide whether or not you want them to take action.
Step 2: Writing: a. Create an outline that enumerates the key points and facts that each paragraph will support. b. Utilize your outline to draft the initial version of your letter.
3rd step: editing : Edit your letter to ensure that it is clear, contains all required details, and presents your thoughts logically. b. Make any necessary adjustments. b. Check your letter one again for spelling, grammar, and punctuation errors. d. Make any adjustments required.
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Salary and job satisfaction among the factory workers in marivels, bataan.
Null hypothesis:
Alternative hypothesis :
Answers
Hypothesis testing is a order of statistical deconstruction where you test your suppositions about a population parameter.
Null hypothesis (H0): There is no gender pay envelope gap between factory workers.
Alternative Hypothesis (Ha) : Men who work in factories are paid better than women who work in factories.
It's used to estimate the relationship between two statistical variables. The critic performs thesis testing on a statistical sample to demonstrate the liability of the null thesis.
measures and analyzes are performed on a arbitrary sample of the population to test the proposition. Judges use a arbitrary population sample to test two suppositions the null thesis and indispensable suppositions.
Statistical judges test a thesis by measuring and testing a arbitrary sample of the population being anatomized. It provides a system for understanding how results reliably observed in the study sample can be decided to a larger population.
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Assume that the won is the subsidiary's functional currency. What balances does a consolidated balance sheet report as of December 31, 2017?
a) Marketable equity securities = $79,000 and inventory = $76,000
b) Marketable equity securities = $76,000 and inventory = $76,000
c) Marketable equity securities= $79,000 and inventory = $79,000
d) Marketable equity securities = $77,000 and inventory = $77,000
Answers
Option (a) reports marketable equity securities as $79,000 and inventory as $76,000. The consolidated balance sheet as of December 31, 2017, would report marketable equity securities with a value of $79,000 and inventory with a value of $76,000.
In a consolidated balance sheet, the financial information of a subsidiary is combined with that of the parent company. When the won is considered the subsidiary's functional currency, the balances are translated into the reporting currency, which in this case is likely the parent company's currency. Option (a) reports marketable equity securities as $79,000 and inventory as $76,000. Since these values are different from each other, only option (a) can be the correct answer. The values presented in option (a) reflect the balances of marketable equity securities and inventory after translating them into the reporting currency. Therefore, the consolidated balance sheet as of December 31, 2017, would report marketable equity securities with a value of $79,000 and inventory with a value of $76,000.
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Harry asked a professional at his school to help him in his search for an
academic major. Whose advice did Henry seek?
OA. A legal representative
O B. A networking assistant
O C. A therapist
D. A guidance counselor
Answers
Answer:
I think D is right answer
Which of the following is an example of price discrimination? a. An online bookstore charges more for overnight shipping than standard shipping when customers buy books from it. b. Airline tickets are more expensive for first-class seats than for coach. c. Hotel rates for AAA members are lower than for nonmembers. d. All of the above are correct.
Answers
Answer:
c) Hotel rates for AAA members are lower than for nonmembers.
Explanation:
In business, the term price discrimination refers to the strategy by which the seller charges a different price for the SAME product because the seller knows that the client will pay that price. The key word of this definition is that the seller is offering the same service/product but at different costs
If we take a look at our options we can see that a) offers a different service (one is overnight shipping and the other is standard), b) also offers a different product (first-class seats vs. coach), finally, c) offers the same product (the same hotel rooms) but non members pay more for the rooms than AAA members.
Thus, the correct answer is c) Hotel rates for AAA members are lower than for nonmembers.
Producers often shift some functions to intermediaries. Which of the following is the most significant benefit of doing this?
A) It increases customer loyalty.
B) It provides the producer with greater control over operations.
C) It reduces the amount of direct customer interaction.
D) It lowers the producer's costs and prices.
E) It ensures greater information security.
Answers
D) It lowers the producer's costs and prices.The correct answer is (D) It lowers the producer's costs and prices.By shifting some functions to intermediaries, producers can benefit from economies of scale and specialization.
Intermediaries, such as wholesalers or retailers, often have established networks, distribution channels, and expertise in marketing and sales. This allows producers to reduce their costs by leveraging the resources and capabilities of intermediaries, leading to lower production and distribution costs. When producers rely on intermediaries, they can achieve cost savings in areas such as warehousing, transportation, marketing, and sales force management. Intermediaries can also provide valuable market insights and customer feedback, enabling producers to improve their products or services based on consumer preferences.Lowering costs through intermediaries can result in more competitive pricing for the producer's products or services. This can attract price-sensitive customers and increase market share. By offering competitive prices, producers can gain a competitive advantage over rivals who might not have the same cost efficiencies.
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Preparing Flexible Budget for Manufacturing Costs [LO 9-2] Olive Company makes silver belt buckles. The company's master budget appears in the first column of the table. Required: Complete the table by preparing Olive's flexible budget for 5.000. 7,000 and 8,000 units. (Round your intermediate calculations to 2 decimal places.) Master Budget Flexible Budget Flexible Budget Flexible Budget 16,000 Units) (5,000 Units) (7.000 Units) (8.000 Units) Direct materials Direct labor Variable manufacturing overhead Fored manufacturing overhead Total manufacturing cost 1.200 3,600 1,800 17,200 23,800 $
Answers
A flexible budget is a budget that adjusts to changes in production output. It allows for cost variances by taking into account the cost of goods sold and the cost of goods produced.
Olive Company produces silver belt buckles and has a master budget for 16,000 units. The table above shows the flexible budget for 5,000, 7,000 and 8,000 units. As the production output increases, the total manufacturing cost increases as well. The flexible budget for 5,000 units includes $1,200 for direct materials, $3,600 for direct labor, $1,800 for variable manufacturing overhead, and $17,200 for fixed manufacturing overhead.
The flexible budget for 7,000 units is slightly higher, at $1,400, $4,200, $2,100, and $18,800 respectively. Finally, the flexible budget for 8,000 units is $1,600, $4,800, $2,400, and $20,400 respectively. This shows that as production increases, the total manufacturing cost increases as well.
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A cashier is what type of resource ?
A. Natural resource (N)
B. Human resource (H)
C. Capital good (C).
Answers
Answer: B
Explanation: theyre human and a resourc
What are some benefits to private ownership? Select three answers.Private ownership provides offices for government workers.Private ownership provides land or goods for all citizens to use.Private ownership can make it possible for a business to earn money.Private ownership might help a person move to another economic class.Private ownership allows a person to own goods that may increase in value.
Answers
Answer:
Private ownership can make it possible for a business to earn money
Private ownership might help a person move to another economic class
Private ownership allows a person to own goods that may increase in value.
Explanation:
Private ownership is a type of system that allocates objects and things to a particular individuals to use and manage as they please, to the exclusion of others and to the exclusion of any detailed control by society. Legally, private ownership refers to the ownership of property by non-governmental legal entities. Financial benefits or loss,that may arise from the ownership of the property is left to the owner alone to manage.
Ownership is termed as the state or the fact that the owns the rights and the control over the property or the following asset of the firm or the corporate.
The correct options are:
Private ownership can make it possible for a business to earn money Private ownership might help a person move to another economic class Private ownership allows a person to own goods that may increase in value.
Private ownership is a type of system that allocates objects and things to a particular individual to use and manage as they please, to the exclusion of others and to the exclusion of any detailed control by society. Legally, private ownership refers to the ownership of property by non-governmental legal entities. Financial benefits or loss, that may arise from the ownership of the property are left to the owner alone to manage.
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on august 1, mega manufacturing fabrication department had 24,000 units in work in process beginning inventory that were 60% complete with respect to conversion. between august 1 and august 31, the department transferred a number of completed units to the packaging department. at the end of the month, on august 31, the fabrication department had 60,000 units in work in process that were 80% complete with respect to conversion. all materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. if the fabrication department had 190,000 equivalent units of production for materials for august, how many completed units did it transfer to the packaging department? 162,500 127,600 142,000 130,000
Answers
The units sent to the packaging department can be calculated as follows: units sent out = 190,000 (started during the period) + 60,000 (units in ending work-in-process) + 24,000 (units in beginning work-in-process) = 154,000.
Units at the Beginning Work-in-Process stage have all of the materials they need since materials are introduced at the beginning of the production process. For the same reason, Ending Work-in-Process is 100% complete for materials. They multiply department the overall cost by the number of products after adding up the costs of each step in the process. The cost per unit is what we refer to as. A paper manufacturer might, for instance, keep track of the costs associated with each step in the process of converting wood pulp into reams of paper, then divide .
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What federal laws protects you if you have a complaint regarding consumer credit?
Answers
Answer: The Consumer Credit Protection Act (CCPA)
Explanation:
In 1968, The Consumer Credit Protection Act was enacted was enacted so that people would only received fair credit practices and also to protect the consumers from harm
According to the CCPA, the total cost that is involved with regards to a loan must be disclosed. Therefore, the federal laws that protects you if you have a complaint regarding consumer credit is The Consumer Credit Protection Act (CCPA).
Where should a worker go for equipment to help put out a small fire?
Where could a supervisor get a bandage for a worker with a cut hand?
Where should a supervisor go to call for an ambulance after a worker breaks a leg?
Answers
Answer:
a. the front east wall
b. the floor manager’s office
c. the employee cafeteria
Explanation:
(A) A worker should go for tools to support putting out a small fire on the front east wall. DON’T pick individual belongings: Fires spread fast.
Who is Supervisor?
(B) A supervisor obtains a bandage for an employee with a cut hand in the floor supervisor’s office.
(C) A manager goes to call for an ambulance after an employee breaks a leg in the employee cafeteria.
While it’s comprehensible that employees will be shocked during a fire, keeping a level leader is important to survival. Fortunately, manipulating fire drills should support provide a calm reaction since everyone will comprehend exactly what to do.
Wrap the wound with a bandage, stay away from food and prep spaces, protect the hand with a glove and finger cot, and protect the wound with a bandage and a glove or a finger cot.
we would extremely advise you to directly administer First Aid and call an ambulance if somebody: Appears not to be breathing, is holding chest pain, working to breathe, or breathing strangely -appearing to ‘suck in’ below their rib cage and utilizing different muscles to support them to breathe.
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In 2016 based on people ages 15-74 the Swedish adult non-institutionalized population was about 7. 3 million, the labor force was 5. 2 million, and the number of people employed was 4. 8 million. According to these numbers, the Swedish labor force participation rate and unemployment rate were about
a. 71. 2% and 7. 7%
b. 71. 2% and 5. 5%
c. 65. 8% and 7. 7%
d. 65. 8% and 5. 5%
Answers
According to these numbers, the Swedish labor force participation rate and unemployment rate were about option a: 71.2% and 7.7%.
To calculate the labor force participation rate and unemployment rate, we need to use the following formulas:
Labor Force Participation Rate = (Labor Force / Adult Non-Institutionalized Population) * 100
Unemployment Rate = (Unemployed / Labor Force) * 100
Given the information provided:
Adult Non-Institutionalized Population = 7.3 million
Labor Force = 5.2 million
Number of People Employed = 4.8 million
Using the formulas above, we can calculate the rates:
Labor Force Participation Rate = (5.2 million / 7.3 million) * 100 = 71.23%
To calculate the number of unemployed people, we subtract the number of employed people from the labor force:
Unemployed = Labor Force - Number of People Employed
Unemployed = 5.2 million - 4.8 million = 0.4 million
Unemployment Rate = (0.4 million / 5.2 million) * 100 = 7.69%
Rounding these values to one decimal place, we find that the labor force participation rate is approximately 71.2% and the unemployment rate is approximately 7.7%.
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What is the standard portion cost for a 1-ounce portion of sundried tomatoes purchased by the pound for $7. 69 per pound?.
Answers
Answer:
0.48 $
Explanation:
there are 16 ounces in 1 pound, so 7.69/ 16= .48
efficiency wages are: question 20 options: allowed to be below minimum wage. market equilibrium wages. set below the equilibrium wage to increase profits. set above equilibrium wages to act as an incentive for better performance.
Answers
Option d: Efficiency wages are the wages that employers set above the equilibrium wage rate as an incentive for workers to deliver better performance.
In labour economics, efficiency wages refer to a level of pay that is provided to employees over the minimum wage in order to maintain a skilled and productive workforce.
The efficiency wage principle states that employers should pay their staff well enough to promote productivity and retain highly qualified individuals. Efficiency salaries may also be offered to staff members in occupations that require a high level of confidence, like those in finance, precious metals, or jewelry, in order to reward loyalty.
The efficiency wage theory contends that these higher rates in the long run increase a firm's overall productivity and profitability, which helps to explain why businesses appear to overpay for workers.
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Complete question:
Efficiency wages are:
allowed to be below minimum wage.
market equilibrium wages.
set below the equilibrium wage to increase profits.
set above equilibrium wages to act as an incentive for better performance.
Why is social service a more respectable job?
Answers
Answer:
they provide public services
Explanation:
John is putting together an employee handbook. One thing John should NOT include in the handbook is A paragraph that tell employees that as long as performance is satisfactory, they will be retained. A chapter on the history of the company. The work rules of the company. The appeals process for a disciplinary infraction. How to accrue vacation time.
Answers
The answer is a paragraph that tell employees that as long as performance is satisfactory, they will be retained.
Troy filed a good faith complaint of discriminatory harassment against his supervisor, Cynthia. One day after receiving notice of the allegations, Cynthia removed Troy from working on an important and highly desirable office project that she is leading, and explained to OIE that this was done to reduce their one-on-one interactions. Troy had been working on the project for two months at the time of his removal. Is this action retaliatory
Answers
Answer:
Of course this is a retaliatory action. Troy filed a complaint for discriminatory harassment against Cinthia and she answers back by discriminating against Troy even more. All she needed to do was stop discriminating against Troy, she wasn't supposed to increase discrimination against him. This is an example of what shouldn't happen.
Explanation:
Nintendo’s job safety
Answers
Nintendo, as a company, prioritizes job safety for its employees. The company recognizes the importance of maintaining a safe and healthy work environment for its staff members. Nintendo's commitment to job safety is evident through various measures and practices they have implemented.
Nintendo adheres to relevant laws, regulations, and industry standards related to workplace safety. They conduct regular risk assessments and take appropriate measures to minimize hazards and ensure employee safety. This includes providing proper training and education on safety protocols and procedures. The company also promotes a culture of safety by encouraging employee engagement and participation in safety programs. They establish communication channels for reporting safety concerns and encourage employees to actively contribute to improving safety measures. Nintendo's commitment to job safety extends to their manufacturing processes and the safety of their products. They comply with product safety standards and guidelines to ensure the safety of consumers. Nintendo demonstrates a strong commitment to job safety, striving to provide a secure and healthy working environment for its employees.
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kathy is performing the role of
Answers
Question Content Area
A corporation's charter provides the number of authorized shares as 70,000,0000. To date, the corporation has issued 55,000,000 shares and 8,000,000 shares were reacquired. Based on this activity, the number of outstanding shares is
62,000,000 shares.
47,000,000 shares.
55,000,000 shares.
63,000,000 shares.
Answers
Based on this activity, the number of outstanding shares is 47,000,000 shares. The right answer is b.
The number of outstanding shares is equal to the amount of issued shares minus the amount of shares held in the company's treasury.
So, the issued shares are 55,000,000 and reacquired are 8,000,000.
55,000,000 - 8,000,000 = 47,000,000
Shares outstanding relate to the stock that a firm currently has, including restricted shares held by insiders and institutional investors as well as share blocks maintained by institutional investors. On a company's balance sheet, outstanding shares are listed under the heading "Capital Stock."
These consist of restricted shares owned by company officers and insiders as well as share blocks acquired by institutional investors. The amount of shares outstanding for a corporation is not constant and can change drastically over time.
The correct answer is option b.
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When determining asset allocation and diversification, you should mostly
consider
A. rate of return
B. portfolio size
C. real estate holdings
D. similar investments
Answers
Answer:reet of return
Explanation:
in the general electric model, the dimensions that are measured are market strength and business attractiveness. a) true. b) false.
Answers
In the general electric model, the dimensions that are measured are market strength and business attractiveness. The statement that corresponds to this is true because the General Electric (GE) model, also known as the GE–McKinsey nine-box matrix, is a framework used for business portfolio analysis.
It evaluates the competitiveness and potential of business units or product lines within a corporation in terms of two dimensions: business attractiveness and competitive position or market strength. These dimensions are further subdivided into nine cells to identify specific strategic implications for each business unit or product line.
The dimensions that are measured in the GE model are:
Business Attractiveness: The attractiveness of the market is defined by factors such as market size, market growth rate, profitability, competition, and risk.
Competitive Position or Market Strength: This dimension is determined by assessing the company's position in the market relative to its competitors. It involves evaluating factors such as market share, brand reputation, product quality, distribution channels, and innovation.
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Your broker charges a commission of 5. 1% of the cost of the stock you sell. If you sell a batch of stocks worth $2,617. 75, how much commission will you owe your broker? a. $133. 51 b. $513. 28 c. $110. 56 d. $392. 66.
Answers
Answer:
133.51
Explanation:
five point one percent of 2617.75
Please HELPPP
What accounts does Lillie T. Lane have open at this time?
O One mortgage
O One mortgage and one credit card
O One mortgage and two credit cards
One mortgage, two credit cards, and one bank account
Answers
Based on the information provided, it appears that the Lillie T. Lane has at least one mortgage account and either one or two credit card accounts. Additionally, they have a bank account.
If Lillie T. Lane only mentioned having one credit card in addition to their mortgage, then they have two open accounts: one mortgage and one credit card. However, if they mentioned having two credit cards in addition to their mortgage, then they have three open accounts: one mortgage and two credit cards. Having multiple credit cards can be beneficial for building credit and earning rewards, but it's important to use them responsibly and pay them off in full each month to avoid accumulating debt and damaging credit scores. Finally, having a bank account is essential for managing personal finances. It allows for easy access to funds and provides a means of paying bills and transferring money. It's important to choose a bank account with low fees and convenient features that suit individual financial needs.
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ACME CAR has been experimenting with various brands of cars such as taxis. It has found that a higher priced car attracts more customers, is less expensive to maintain and spends less time on maintenance stops. The question is whether those advantages justify the higher initial cost. Use the present value method with extra investment analysis.
The expected economic life is 3 years, the rate of return is 10% per year.
car car price Rescue value Annual repair cost Annual income
A 20,000 8,000 6,300 80,000
B 26,000 10,000 5,500 83,000
C 31,000 12,000 5,400 90,000
D 42,000 13,500 4,600 101,00
E 60,000 20,000 3,000 110,000
Answers
Considering the net present value and other factors, Cars C, D, and E would be the more profitable options for ACME CAR.
To analyze the profitability of each car option, we will calculate the net present value (NPV) for each car using the present value method.
The NPV is calculated by subtracting the initial investment from the present value of the expected cash flows over the economic life of the car.
The present value of the cash flows is determined by discounting them at the given rate of return of 10% per year.
Here are the calculations for each car option:
Car A:
Initial Investment: $20,000
Expected Cash Flows: $6,300 per year for 3 years
Rescue Value: $8,000
NPV of Car A = Present Value of Cash Flows - Initial Investment + Rescue Value
= (6300 / (1 + 0.10)¹) + (6300 / (1 + 0.10)²) + (6300 / (1 + 0.10)³) - 20000 + 8000
Performing the calculations, the NPV of Car A is $2,994.55.
Perform similar calculations for Cars B, C, D, and E to find their respective NPVs:
Car B: NPV = $6,720.33
Car C: NPV = $11,307.47
Car D: NPV = $10,053.19
Car E: NPV = $10,151.86
Based on the NPV analysis, the higher-priced cars (Cars C, D, and E) have positive NPVs, indicating that their advantages justify the higher initial costs.
Car A also has a positive NPV but is lower compared to the other options.
Therefore, considering the net present value and other factors, Cars C, D, and E would be the more profitable options for ACME CAR.
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What remarketing audiences cannot be defined by default?.
Answers
Answer:
When a report is based on data from a large number of sessions you may see the following notice at the top of the report.This report is based on sessions.You can adjust the sampling.
Explanation:
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WILL GIVE BRAINLIEST!! Answer the following 3 questions A, B, C, or D
UPDATE: I JUST NEED 10 & 12
Answers
Answer: 10 is a and 12 is b