All of the following statements are correct when referring to process costing except:Multiple ChoiceCosts are accumulated by department.A process costing system has the same basic purposes as a job-order costing system.Process costing would be appropriate for a jeweler who makes custom jewelry to order.Units produced are indistinguishable from each other.
Answers
Answer:
Process costing would be appropriate for a jeweler who makes custom jewelry to order.
Explanation:
Product costing is defined as the process by which the best costing method is chosen to suit a particular product.
There are three main types: process costing, specific order costing, and service costing.
Process costing is a method that determines the cost incurred at each stage of production. It is best used for processes that are repetitive such as manufacturing plants.
However a jeweler who makes custom jewelry to order will most appropriately be served by a specific order costing.
This involves costing according to distinct jobs or contracts.
There is no specific or repetitive process, rather the job is usually carried out according to specific needs of a customer.
Related Questions
The most important useful measure of cost is
A. marginal costs.
B. fixed costs.
C. variable costs.
D. total costs.
Answers
Answer:
d
Explanation:
most like they need a total cost to know the exact amount
You’ve recently learned that the company where you work is being sold for $525,000. The company’s income statement indicates current profits of $22,000, which have yet to be paid out as dividends. Assuming the company will remain a “going concern” indefinitely and that the interest rate will remain constant at 6 percent, at what constant rate does the owner believe that profits will grow
Answers
The estimated growth rate (g) is -0.0181, roughly.
The Gordon Growth Model, often known as the tip reduction model, can be used to calculate the constant rate at which the business owner anticipates gains to increase. This methodology determines a stock's natural value based on expected future growth and the required rate of return.
As the gains are declared to be paid out as tips in this instance, we can consider the company's gains to be original to tips. The tip growth rate(g) can be used to express the owner's perception of the growing rate of gains.
The Gordon Growth Model allows for the following calculation of a company's natural value:
natural Value = tips/( needed Rate of Return- tip Growth Rate)
Given
tips( gains) = $ 22,000
needed Rate of Return( r) = 6 = 0.06
natural Value( trade Price) = $ 525,000
The formula can be changed to account for the tip growth rate(g).
g = ( tips natural Value)- r
Substituting the given values into the formula
g = ($ 22,000/$ 525,000)-0.06
g = 0.0419-0.06
g = -0.0181
It's crucial to remember that a negative growth rate denotes decrease rather than rise in gains. Even so, it's likely that the negative growth rate is the result of factors that were overlooked when gathering the data, such as one-time losses or adjustments.
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In most systems for reducing pollution using an effluent fee, the government is directly involved as a fee collector. For example, at one point in time the Italian government decided to implement an effluent fee system aimed at reducing secondhand smoke in restaurants, however, it put the restaurants at the center of enforcement efforts. If a customer lights up a cigarette in a smoke-free zone in a restaurant in Italy, its managers were legally bound to charge the violator a fine as part of the bill and to transmit the amount of the fine to the government. Many restaurant owners refused to participate in the government's program. Some worried about losing customers they penalize. Others simply did not want to go to the trouble to collect the government's fees without receiving compensation for the tax-collecting expenses they would incur. Consequently, the Italian government's effluent-fee system has seemingly failed to reduce secondhand smoke in restaurants. For Critical Analysis: How might the Italian government redesign its effluent-fee system so that it more effectively cuts down on the spillover costs incurred by nonsmoking patrons of restaurants
Answers
The Italian government can increase the efficiency of its effluent system by becoming creating a law that makes it illegal to smoke in smoke-free zones.
What is an Effluent?This refers to wastes that are secreted or released into the air, water, or underground channels.
Examples of effluents are:
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Write the quadratic equation in standard form that corresponds to the graph shown below.
Answers
The quadratic equation of the graph in standard form is y = x² + 2x - 8
What is a quadratic equation in standard form?A quadratic equation in standard form is given by y = ax² + bx + c
Given the graph below, to write the quadratic equation for the graph in s tandard form, we notice that the graph has two x - intercepts at
(-4, 0) and(2, 0)The x - intercepts are the roots of the quadratic equation.
So, we have that
x = -4 andx = 2So,
x + 4 = 0 andx - 2 = 0So, the factors of the quadratic equation are
x + 4 andx - 2So, multiplying the factors, we have that the equation is
y = (x + 4)(x - 2)
= x² - 2x + 4x + 4 × (-2)
= x² - 2x + 4x - 8
= x² + 2x - 8
So, the quadratic equation is y = x² + 2x - 8
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IMAGINE A NON-EXISTING PRODUCT, CREATE IT , DESCRIBE THE FEATURES, AND USEFULNESS TO HUMANITY,STATE IT STRENGHT
Answers
To imagine a product that does not exist and that is useful to humanity, it is necessary to think about the greatest needs and challenges facing humanity today.
Let's suppose that we have developed a prototype of a chemical capable of transforming seawater into fresh water for human consumption.
The product would be a chemical solution sold in pharmacies in a controlled manner and through compliance with requirements for individuals, at a popular price, capable of making 10 liters of water potable for each bottle of the solution.
The product would work through water desalination technology through electrodialysis and reverse osmosis and could be useful to solve the problems of the lack of clean and potable water that already affects more than 2 billion people in the world.
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What are luxury home bar manufacturers?
Answers
Answer:
Some luxury home bar manufacturers include:
1. Kalamazoo Outdoor Gourmet
2. Sub-Zero and Wolf
3. True Residential
4. Perlick
5. U-Line
6. Marvel Refrigeration
7. Scotsman
8. Hestan
9. Lynx Grills
10. Viking Range.
The area that consumes the majority of a family’s income is
Answers
The area that consumes the majority of a family’s income is Housing.
This is according to the Bureau of Labor Statistics' info for 2017.
What is the term for the illegal practice of using special
knowledge about a firm for profit or gain?
Answers
Answer:
Insider trading.Explanation:
Illegal practice of using special knowledge about a firm for profit or gain is called insider trading
identify the types of south African businesses/market share
Answers
A company may be incorporated in South Africa under one of five legal categories: a private company, a personal liability company, a public company, a non-profit organisation, or a state-owned corporation.
What percentage of the market?South Africa is a newly industrialised nation with an upper-middle-income economy, according to the World Bank. It is ranked 34th in the world and has the second-largest economy in Africa. South Africa has the 7th per economic status in Africa in the context of purchasing power parity. Nevertheless poverty and inequality continue to be widespread, with almost 25% of the population unemployed and surviving on less than US$1.25 per day. Yet, South Africa continues to have a significant regional impact and is regarded as a middle power in international affairs.
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When Sydney borrowed $8000 from her parents, they made her give them some collateral. What would be the MOST logical thing for Sydney to do to handle their request?
a) Show them proof of her high credit score.
b) Sign an agreement to pay back $9000.
c) Go to a bank instead of getting a loan from her parents.
d) Give them the title to her car.
Answers
The level of analysis for the Industry environment is the _____ level:
Answers
In a private enterprise economic system, the interaction of supply an demand primarily determines
Answers
Francine owns a bakery. She agrees to deliver a dozen cakes to Amelia for a surprise party. Francine does not deliver the cakes on time
and Amelia takes her to court. In a court case, Amelia is the:
Select one
a. Binding Authority
b. Defendant
c. Plaintiff
d. Persuasive Authority
Answers
Answer:
c. Plaintiff
Explanation:
Plaintiff is the person or business that takes a lawsuit to court. It is the offended party that moves to court with a complaint against another party. In some instances, like in a civil case, the plaintiff is known as the complainant.
In this case, Amalia is the plaintiff. She has a complaint against Francine, who is the defendant. Plaintiff being the aggrieved party initiates the court process to seek legal redress.
Develop a managerial report (1,000-1,250 words) summarizing your analysis of the OEI service capabilities. Make recommendations regarding the number of technicians to be used when OEI reaches 20 and then 30 customers, and justify your response. Include a discussion of the following issues in your report:
What is the arrival rate for each customer?
What is the service rate in terms of the number of customers per hour? (Remember that the average travel time of 1 hour is counted as service time because the time that the service technician is busy handling a service call includes the travel time in addition to the time required to complete the repair.)
Waiting line models generally assume that the arriving customers are in the same location as the service facility. Consider how OEI is different in this regard, given that a service technician travels an average of 1 hour to reach each customer. How should the travel time and the waiting time predicted by the waiting line model be combined to determine the total customer waiting time? Explain.
OEI is satisfied that one service technician can handle the 10 existing customers. Use a waiting line model to determine the following information: (a) probability that no customers are in the system, (b) average number of customers in the waiting line, (c) average number of customers in the system, (d) average time a customer waits until the service technician arrives, (e) average time a customer waits until the machine is back in operation, (f) probability that a customer will have to wait more than one hour for the service technician to arrive, and (g) the total cost per hour for the service operation.
Do you agree with OEI management that one technician can meet the average 3-hour service call guarantee? Why or why not?
What is your recommendation for the number of service technicians to hire when OEI expands to 20 customers? Use the information that you developed in Question 4 (above) to justify your answer.
What is your recommendation for the number of service technicians to hire when OEI expands to 30 customers? Use the information that you developed in Question 4 (above) to justify your answer.
What are the annual savings of your recommendation in Question 6 (above) compared to the planning committee's proposal that 30 customers will require three service technicians? (Assume 250 days of operation per year.) How was this determination reached?
Answers
The purpose of this research is to examine the service proficiency of OEI and suggest suitable staffing levels for accommodating a growing clientele of 20 and 30.
1. Arrival Rate for Each Customer: 1.25 customers per hour.
2. Service Rate in Terms of Customers per Hour: 1/3 customers per hour.
3. Travel Time and Waiting Time: The waiting time starts from the moment the customer contacts OEI until the machine is back in operation, including both travel and repair time.
What is the managerial report1. Arrival Rate for Each Customer: 1.25 customers per hour.
Based on historical data, the arrival rate for each customer is calculated by dividing the total number of customers by the total time. let us say that OEI receives an average of 10 customers per day, and the service operates for 8 hours a day. So, the arrival rate per customer is:10 customers / 8 hours
= 1.25 customers per hour.
2. Service Rate in Terms of Customers per Hour: 1/3 customers per hour.
The service rate takes into account the time required to complete a repair, including travel time. OEI estimates that each service call takes approximately 1 hour for travel time and 2 hours for the actual repair. So, the service rate is:1 customer / 3 hours
= 1/3 customers per hour.
3. Travel Time and Waiting Time:
OEI is different from traditional waiting line models since service technicians need to travel an average of 1 hour to reach each customer. In this case, the travel time and waiting time predicted by the waiting line model should be combined to determine the total customer waiting time.Learn more about managerial report from
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The five stress in the workplace
Answers
The five stress in the workplace
WorkloadInterpersonal conflictsLack of controlOrganizational culture and job demandsWork-life balanceThe five stress in the workplaceStress in the workplace can stem from various factors, including excessive workloads, tight deadlines, and a high volume of tasks. Interpersonal conflicts, such as poor communication and personality clashes, can also contribute to workplace stress.
Feeling a lack of control over work-related decisions and schedules, along with a toxic organizational culture or unrealistic job demands, can further exacerbate stress levels. Additionally, difficulties in achieving work-life balance due to long hours and limited personal time can lead to increased stress and burnout.
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Question 4 of 10
During a depression or recession, which of the following is most likely to
happen to interest rates?
A. Interest rates will likely decrease as the Federal Reserve Board
increases inflation rates.
O B. The Federal Reserve Board will likely lower interest rates.
O C. Interest rates will likely rise as the Federal Reserve board
decreases inflation rates.
O D. The Federal Reserve Board will likely raise interest rates.
SUBMIT
Answers
B.The federal reserve board will likely lower interest rates
Explanation:
pa brainliest po ako png taga sagot ng mga new question
______ resources are organizational assets that are difficult to identify and account for and are typically embedded in unique routines and practices.
Answers
Tacit resources are organizational assets that are difficult to identify and account for and are typically embedded in unique routines and practices.
Tacit resources are intangible assets that are inherent to an organization and are based on the knowledge, skills, and experience of its employees. These resources are not easily transferable to other organizations, as they are often embedded in the day-to-day operations and culture of the organization. Examples of tacit resources include organizational routines, processes, and relationships, as well as the knowledge and expertise of individual employees. Tacit resources can provide organizations with a significant competitive advantage, as they are unique to each organization and can be difficult to imitate. They play a critical role in innovation, problem-solving, and the development of new products and services. However, despite their importance, tacit resources can be difficult to measure and manage.
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what is a special purpose book?
Answers
Answer:
Those books are called as Special Purpose Journal Books. Example, Cash Book for all transactions relating to cash, Sales Book for all transactions relating to credit sales, Purchase Book for all transactions relating to credit purchases and Journal Proper for transactions which are not comes under any special journal.
Explanation:
N/A
4. When viewing a graph, you see that there is a
shift in the demand curve to the right for sub sandwiches. This could be the result of
•an increase in the price of subs
•an increase in the price of burgers, a substitute for subs
•an increase in the price of soda, a compliment for subs
•a change in quantity demanded
Answers
Answer:
an increase in the price of burgers, a substitute for subs
Explanation:
A substitute good is a good that can be consumed in place of another good. If the price of burgers increases, the demand for burgers would fall and there would be an increase in the demand for the cheaper subs. An increase in demand leads to a rightward shift of the demand curve.
A change in the price of a good leads to a movement along the demand curve for that good.
A compliment good is a good that is consumed with another good. If the price of soda rises, the demand for subs would fall and the demand curve would shift to the left
Versatility and adaptability are tremendous liabilities.
Answers
False. Versatility and adaptability are tremendous assets.
What are Versatility and adaptability?
Adaptability is the ability of a person and or a leader to acclimatize into different environments. This might be a:
Versatility, on the other hand, is the ability to be flexible, that is possessing many different abilities or skills with allow one to adapt easily.
Inherent in their definitions lie their differences. However, each quality is very crucial for any person either as a follower or as a leader.
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Answers
everything on the scale is a good idea for me to church.
do u want to go to gym at the same time and I
What is meant by the concept entrepreneur?
Answers
Answer: An entrepreneur is someone who has an idea and who works to create a product or service that people will buy, as well as an organization to support that effort.
Explanation: An entrepreneur takes on most of the risk and initiative for their new business, and is often seen as a visionary or innovator.
How do you actually do this? On there template and save it or make my own template.? So confused.
Scenario
You are a certified public accountant (CPA) who is working with a small bakery to prepare their financial statements for three months of the current
fiscal year. Because the company is a startup and so small, the accounting is done manually in Microsoft Excel. You have been given the accounts
and information you need to prepare their financial statements, but you will need to use the accounting cycle to report accurate information to the
finance department
Prompt
Accrual Basis: In your company accounting workbook, apply the accrual basis of accounting and prepare adjusting entries to ensure accurate
accounting for expenses that lack transactions in the current period. (You may refer to the Company Accounting Workbook Template
Spreadsheet if necessary, but keep in mind that your work for this milestone should be added to the work you completed in your workbook for the
previous milestone.)
Specifically, you must address the following rubric criteria:
• Unadjusted Trial Balance: Prepare the unadjusted trial balance portion of the Trial Balance" tab of the company accounting workbook,
ensuring that the total debits and credits match.
• Adjusting Entries: Prepare the "Adjusting Entries" tab of the company accounting workbook. Ensure that the entries are correctly transferred
to the adjusting entries portion of the Trial Balance" tab.
• Adjusted Trial Balance: Prepare the adjusted trial balance on the "Trial Balance" tab, ensuring that the debit and credit totals match.
Guidelines for Submission
Build on your work from Milestone One to complete the "Trial Balance" and "Adjusting Entries" tabs in your company accounting workbook. This
should be completed and submitted using Microsoft Excel. Please note that there are drop-down menus embedded in the "Accounts" columns as
well as formulas throughout the spreadsheet to help you complete the workbook without accidentally introducing errors.
Answers
Answer:
The answer is in the picture, Thanks
Explanation:
There are different kinds of template. The template workbook adjustment is shown in the image attached.
What is Adjusting entries?This is known to be any kind of alterations or changes that are made to journal entries of which a person has already recorded.
Note that these changes are done so that one can be sure that the numbers a person have recorded are in line or match up with the correct accounting periods. Therefore, the adjustment is shown in the image attached.
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Data collection tool of a qualitative research
Answers
Answer:
The methods of qualitative data collection most commonly used in health research are document study, observations, semi-structured interviews and focus groups.
ose purchased a vehicle for business and personal use. In 2020, he used the vehicle 10,500 miles (80% of total) for business and calculated his vehicle expenses using the standard mileage rate (mileage was incurred ratably throughout the year). He paid $850 in interest and $85 in property taxes on the car. Required: Calculate the total business deduction related to the car. (Round your final answers to nearest whole dollar amount.)
Answers
Answer:
$6,366
Explanation:
Calculation for the total business deduction related to the car:
Total business deduction=($10,500x .535) + $850(.80) + $85(.80)
Total business deduction=$5,618+$680+$68
Total business deduction=$6,366
Therefore the total business deduction related to the car is $6,366
To record the transfer of costs from a prior process to a subsequent process, the following entry would be made:(A) materials and conversion categories(B) a pattern where partially completed units must pass through one process before they can be worked on in later processes(C) heterogeneous products pass through a series of processes and receive different doses of materials, labor, and overhead
(D) debit work in process (subsequent department) and credit work in process (prior department)
Answers
The right entry to record the transfer of expenses from a prior process to a subsequent process is (D) Debit work in progress (subsequent department) and credit work in process (prior department).
Debit work in process (next department) and credit work in process make up the right response (D) (prior department). The production process while making a product frequently includes numerous steps. A product that is only half finished frequently has to be transferred from one department to another in order to be finished. The work in progress account of the preceding department is credited and the work in process account of the succeeding department is debited to reflect the movement of expenses from one process to another. By doing this, it is ensured that the expenses from the earlier procedure are carried over and included in those of the new one.
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what are the included and important components of fare quotation about tour and travel
Answers
There are 11 components that make up a fare, including the market, rule number, fare class, indication for one-way or round-trip travel, MPM or routing number, footnote, currency, fare amount, effective date, discontinuance date, and mileage.
Additionally known as the ATPCO fare record. 3. The amount that is stated in the official tariff fare.
This is further explained below.
What are tour and travel?
Generally, a movement from one location to another in several directions. a lengthy excursion that often involves going to many locations in rapid succession, typically as part of a prearranged group that is guided by an expert.
In conclusion, The 11 parts of a fare are the market (city pair), rule number, fare class, one-way/round-trip indication, MPM or routing number, footnote (optional), currency, fare amount, effective date, cease date, and distance. Similar to the ATPCO fare record. Cost of the standard fare as shown in the relevant tariff.
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Brace Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 21,600 hours. At the end of the year, actual direct labor-hours for the year were 20,400 hours, the actual manufacturing overhead for the year was $506,920, and manufacturing overhead for the year was underapplied by $23,440. The estimated manufacturing overhead at the beginning of the year used in the predetermined overhead rate must have been:_________
A. $501,920
B. $531,445
C. $483,480
D. $511,920
Answers
Answer:
D. $511,920
Explanation:
For determining the estimated manufaturing overhead first determined the predetermined overhead which is shown below:
= (Actual manufacturing overhead - underapplied overhead) ÷ (actual direct labor hours)
= ($506,920 - $23,440) ÷ (20,400 hours)
= $23.7
Now the estimated manufacturing overhead is
= $23.7 × 21,600 hours
= $511,920
Two-step Process Utilization: A two- used to finish a product: painting and drying. There are 5 workers and each one takes an average of 60 minutes to paint each unit. Drying takes place in an oven that can hold up to 100 units and it takes 5 minutes to load each unit. Once all the units are loaded into the oven, it takes 6 hours to dry each load. Assume that the process is capacity constrained (so the demand rate is higher than capacity and the bottleneck station will be 100% utilized). What fraction of time is the oven being loaded if C&A uses a batch size of 100 and demand is unlimited? Notes: This can be a difficult question. You can be proud if you get it right and it is OK if you don't! To answer this question, first calculate the capacity of each step in units per hour. with batch-size has a setup timeatch size a this L ot ca to he confused hy v ng what is h eing 100 or y0 or some n and what vou think i narine bu Seru a need to identify carefully here . But. in this The dry calculate processing time is the entity whose time changes with batch size; what does not change with batch size is the setup time. [If you are confused, please review the Haunted Manor, Kings Island FearFest example in the materials Process Interruptions and Batching Module 2. Once you know the capacity of cach step, you can determine which step is the bottleneck. That bottleneck step will govern the flow rate. One way to calculate the fraction of time the oven is being loaded is to find the number of minutes spent loading per hour divided by batch production cycle length; a third way is to compute the oven utilization. These are just three different ways of thinking of the question and will all lead to the same correct answer. minutes in an hour second way is the calculate load time per batch
A. 58% .
B. 42% ,
C. 20%
D. 26
Answers
In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following order: (1) 400 units at $7 on January 1, (2) 600 units at $10 on January 8, and (3) 930 units at $11 on January 29. Assume 1,130 units are on hand at the end of the month. Calculate the cost of goods available for sale, cost of goods sold, and ending inventory under the (a) FIFO, (b) LIFO, and (c) weighted average cost flow assumptions. Assume perpetual inventory system and sold 800 units between January 9 and January 28. (Round your intermediate calculations to 2 decimal places.)
Answers
Answer:
(a) FIFO
Cost of Goods Sold = $6,800
Ending Inventory = $12,230
(b) LIFO
Cost of Goods Sold = $7,400
Ending Inventory = $11,630
(c) weighted average cost
Cost of Goods Sold = $7,040
Ending Inventory = $11,990
Explanation:
Perpetual inventory method ensures that cost of sales and inventory value is determined after each and every transaction.
FIFO
This method assumes that the units to arrive first, will be sold first. This means the cost of sales is based on the earlier (old) prices and inventory valuation is based on recent (later) prices.
Cost of Goods Sold = 400 x $7 + 400 x $10 = $6,800
Ending Inventory = 200 x $10 + 930 x $11 = $12,230
LIFO
This method assumes that the units to arrive last , will be sold first. This means the cost of sales is based on the recent (later) prices and inventory valuation is based on earlier (old) prices.
Cost of Goods Sold = 600 x $10 + 200 x $7 = $7,400
Ending Inventory = 200 x $7 + 930 x $11 = $11,630
Weighted Average Cost Method
A new unit cost is calculated with each and every purchase made. This new unit cost is then used to determine the cost of goods sold and the value of inventory.
New Unit Cost - 8 jan = (400 x $7 + 600 x $10) ÷ 1,000 = $8.80
New Unit Cost - 29 jan = (200x $8.80 + 930 x $11) ÷ 1,130 = $10.61
therefore,
Cost of Goods Sold = 800 x $8.80 = $7,040
Ending Inventory = 1,130 x $10.61 = $11,990