List the following documents in the order in which they are used when recording direct materials costs in job order cost accounting, with the first document on top.
A
time tickets
job cost sheets
Factory wages payable
B
Receiving reports
Materials ledger cards
Materials requisitions
job cost sheets
C
debit to Factory Overhead.
credit to Cost of Goods Sold.
D
1. Time Ticket
2. Factory overhead ledger
3. allocated to specific jobs through factory overhead

Answers

Answer 1

The direct materials in cost accounting can be listed in the order as below,

A – Factory wages payable, time tickets, job cost sheets

B – Material requisitions, materials ledger card, receiving reports, job cost sheets

C – debit to factory overhead, credit to cost of goods sold

D – allocated to specific jobs through factory overhead, time ticket, factory overhead ledger

The direct materials can be generally understood as the materials that are used in the production process, and are often subjected to incurring the fixed costs for the firm. Moreover, these materials are recorded in priority by the firms that follow job order methods of cost accounting.

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Related Questions

_____ considerations affecting the wholesaler choice include how often a product is purchased and how long a customer is willing to wait to receive the product.
A) market
B) transactional
C) product
D) buyer
E) logistic

Answers

Logistic considerations affecting the wholesaler choice include how often a product is purchased and how long a customer is willing to wait to receive the product.

Option E is correct.

What is a customer ?

A person or organization that purchases goods or services from a company is a customer. Customers are crucial to the success of any business because they bring in the money needed to run it. From individual consumers to large corporations, customers come in all sizes.

Businesses must comprehend their customers and devise strategies to meet their requirements in order to ensure customer satisfaction and a positive customer experience. By providing excellent customer service and cultivating a culture that is focused on the needs of customers, businesses should also strive to develop relationships with their clients. In today's business environment, long-term loyalty and trust are essential. This will assist in building those relationships.

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if a business wants to buy a disablity income policy on a key employee, which of the following is considered the beneficiary

Answers

Employees are only qualified for disability payments if they have a physical or mental condition that has been medically diagnosed and is projected to last at least 12 months or causes early death.

Key-person disability insurance tries to make up for costs and losses suffered by the company while a key employee is unable to work. The significant person loses everything. These costs are frequently associated with recruiting, hiring, and training a replacement for the important person who is hurt.

Employees are only qualified for disability payments if they have a physical or mental condition that has been medically diagnosed and is projected to last at least 12 months or causes early death. Consequently, they are unable to engage in any kind .

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The marginal cost is the (total, incremental increase in) cost associated with an increase in the activity. Claire is deciding whether to continue studying for an upcoming exam in her economics course. She has already studied quite a bit and knows the stuff pretty well. She already knows to "think at the margin" and thus is considering whether to spend one additional hour studying Part 3: Which of the following captures the marginal benefit associated with Claire's decision to continue studying: (1) her score on the upcoming exam, or (ii) the amount by which her score will increase if she studies for one additional hour? Part 4: Which of the following captures the marginal cost associated with Claire's decision to continue studying : (i) the opportunity cost of the total amount of time she spends studying for the upcoming exam, or (ii) the opportunity cost of the additional hour of studying? transcriptor transcript mel new.docx final upload unoffi....pdf final application fo....pdf

Answers

The amount by which Claire's score will rise if she studies for one more hour best depicts the marginal advantage associated with her decision to keep studying.

Which of the aforementioned claims regarding marginal analysis is accurate?

Comparing the effects of taking one more step in something is called marginal analysis. The change brought on by an extra unit of a variable is examined using the marginal analysis. For instance, the benefit gained from consuming one more unit of a good is referred to as marginal utility.

How do marginal benefit and marginal cost compare at this level of the variable?

Within manufacturing and production, investment, and consumption, marginal benefit and marginal cost are related in a number of significant ways. The final unit that is created or consumed has a marginal cost (MC), which is its price, whereas the last unit's marginal benefit is its utility.

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when businesses receive a tax cut on manufacturing a particular good, the supply curve for that good shifts:

Answers

The supply curve will move right due to the increase in the supply.

What is supply curve?

The relationship between the price of an item or service and the volume supplied over a specific time period is represented graphically by the supply curve. The price will typically be shown on left vertical axis of an example, and the quantity given will be shown oN horizontal axis. The supply curve, which embodies the law of supply, will incline higher from left to right: The amount supplied rises as the cost of a certain good rises (all else being equal). According to the economics principle of supply and demand, the quantity of an item that is available for sale (the supply) and the quantity that consumers want will balance out to create its price (the demand).

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Which of the following is/are EXTERNAL environmental factors that affect(s) performance-based pay?
(a) Business strategy. (b) Company culture.(c) The legal environment. (d) The firm’s financial resources. (e) All of the preceding.

Answers

c) The legal environment.  The EXTERNAL environmental elements that have an impact on performance-based compensation are the legal environment.

The laws enacted by the government and the judgements made by the numerous commissions and agencies at all levels of the government make up the legal environment. Every firm must act in accordance with local laws if it wants to do business there. The legal environment is composed of a number of legislation, such as the Companies Act of 2013, the Consumer Protection Act of 1986, the Foreign Trade Policies, and others. The legal environment consists of a variety of laws established by the government, administrative rules handed down by the government, court rulings, as well as decisions made by numerous commissions and agencies at every level of the federal, state, and municipal governments.

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Which of the following changes in the supply of and the demand for a good will definitely result in a decrease in both the equilibrium price and quantity of the good? Supply Demand (A) Increase Increase (B) Increase No change (C) No change Decrease (D) Decrease Increase (E) Decrease Decrease

Answers

The equilibrium price will drop with a drop in demand and supply will increase less than demand. The equilibrium price will decrease with an increase in supply while the quantity required will rise, all other factors being equal.

What is Shifts in Demand and Supply?Any demand and supply model will experience a change in demand or supply if one of the variables (shifters) that is constant changes. The equilibrium price and quantity for an item or service are altered by a shift in the supply or demand curve.The information regarding shifts in coffee supply and demand is included in the section under "Changes in Demand and Supply." Increase in Demand A reduction in demand is shown in Figure 3.3. Figure 3.09, "An Increase in Supply," "A Reduction in Supply." The initial equilibrium price in each scenario is $6 per pound, with the initial equilibrium quantity in each scenario being 25 million pounds of coffee each month.The film "Changes in Demand and Supply" depicts what occurs as demand rises, falls, supply rises, and supply falls. After that, we investigate what transpires when both curves move at the same time. Below, we discuss each of these options individually.

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6. The risk-free rate of return is 3.68 percent and the market risk premium is 7.84 percent. What is the expected rate of return on a stock with a beta of 1.32?

Answers

The expected rate of return on a stock with a beta of 1.32 can be found to be 14. 03 %

How to find the expected return ?

When given the market risk premium, the risk - free rate, and the beta of the tock, you can find the exepected value of the stock by using the Capital Asset Pricing Model ( CAPM).

The formula for the Capital Asset Pricing Model is:

= Risk - free rate + Beta x Market risk premium

= 3. 68 % + ( 1.32 x 7. 84)

= 3. 68 % + 10. 35

= 14. 03 %

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If the regulation of a monopoly results in a price equal to marginal cost but the price is below average total cost:
a) efficiency in allocation will be less.
b) the firm will need subsidies to stay in business.
c) the firm can still make an economic profit.
d) the firm will earn only a zero economic profit.

Answers

If the regulation of a monopoly results in a price equal to marginal cost but the price is below average total cost the firm will need subsidies to stay in business.

A market arrangement known as a monopoly has just one supplier for a given good. Price and marginal cost are equal in a completely competitive market since they are also equal in average total cost, allowing businesses to turn a profit. The firm can, however, charge a greater price than the marginal cost in a monopoly market, and the difference between price and marginal cost is known as economic profit.

In this situation, the firm won't be able to cover its average total cost, which consists of both variable and fixed costs, if the regulator regulates monopoly to charge a price that equals marginal cost. As a result, the company won't be able to turn a profit and would require subsidies to stay in business.

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which of the following areas of the law are of special concern to international businesses? (check all that apply.)

Answers

The following areas of the law are of critical concern to international businesses

performance of contracts in an international settinglitigation in an international settingextraterritoriality

What is international litigation?

International litigation, also known as cross-border litigation, is the process of resolving a dispute between businesses or people who are located in different countries. International trade is the movement of goods, services, capital, technology, and/or information across national boundaries and on a global or transnational scale. cross-border trade in goods and services between two or more nations.

Judgment is nothing more than the management of cases before international tribunals, such as the Inter-American Court of Human Rights, the European Union Court of Justice, and the International Court of Justice.

The defendants must approve of the action, and both parties must agree to abide by the verdict.

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Complete question:

Which of the following areas of the law are of special concern to international businesses? (Check all that apply.)

performance of contracts in an international setting

litigation in an international setting

immunity from prosecution of visiting foreign heads of state

extraterritoriality

A property of matter known as diamagnetism occurs when the electronic structure of matter undergoes an alignment of its dipole moments such that they are opposite to an external magnetic field. Which of the following best describes what materials exhibit diamagnetism?

Answers

All materials. A property of matter known as diamagnetism occurs when the electronic structure of matter undergoes an alignment of its dipole moments such that they are opposite to an external.

Diamagnetic materials are those that magnetize freely when put in a magnetic field. However, the magnetization is oriented in the opposite direction as the magnetic field. All materials. A property of matter known as diamagnetism occurs when the electronic structure of matter undergoes an alignment of its dipole moments such that they are opposite to an external magnetic field. These materials' magnetism is referred to as diamagnetism. Diamagnetic compounds are made up of atoms with no net magnetic moments (i.e., all the orbital shells are filled and there are no unpaired electrons). When exposed to a field, however, a negative magnetization is formed, and hence the susceptibility is negative.

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In 1995, facing severe fiscal difficulties, Yeltsin's government adopted a program under which the state would borrow money from the oligarchs in exchange for select state assets (including state-owned shares in oil companies). The catch was: if the state couldn't pay the load on time, the oligarchs would be entitled to buy the properties outright. This deal that many economists call "rigged" became known as...

Answers

The deal done by the Russian President that many economists call "rigged" became known as loan for shares.

Russian President Boris Yeltsin initiated an aggressive privatization drive in the early and mid-1990s. Firms were sold at a rate of roughly 800 per month in what was the greatest sell-off of state-owned property in history, and by the time it was over, 77 percent of Russia's major and mid-size enterprises and 82 percent of the small ones were private. The 15,000 privatized enterprises produced two-thirds of all industrial production and employed 60% of all industrial workers. The privatized 85,000 shops, restaurants, small businesses, and service companies accounted for 70% of the national total. The privatization program was fundamental to economic restructuring and was a significant factor in foreign loans and investment in Russia's economy. The privatization of Russian industry appeared to proceed reasonably well on the surface, but the reality was quite different.

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In an attempt to have funds for a down payment in three years, James Dupont plans to save $4,450 a year for the next three years. With an interest rate of 5 percent, what amount will James have available for a down payment after the three years? Use Exhibit 1-B. (Round FVA factor to 3 decimal places and final answer to 2 decimal places.)

Answers

James Dupont will have $5,111.15 available for a down payment after three years if he saves $4,450 annually and earns 5% interest on his savings.

The future value of an investment, also known as the maturity value or terminal value, is the amount that an investment will be worth at a specific point in the future. It takes into account the interest earned on the initial investment and the length of time the investment is held. The formula to calculate future value is as follows FV = PV (1+r)^n. In this case, James Dupont has an initial investment of $4,450, an annual interest rate of 5% and a saving period of 3 years. By using the formula above we calculate the future value of his investment FV = $4,450 x (1+0.05)^3 = $5,111.15.

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The following table shows the nominal GDP (in millions of current US dollars) and the population (in thousands of the US, China, and Luxembourg in 2015 (source: The World Bank). Based on this information which of the following statements is correct? US: $18,036,648.00 (GDP); 321,418.82 (Population) China: $11,007,720.59 (GDP); 1,371,220.00 (Population) Luxembourg: $57,793.61 (GDP); 569.68 (Population)a) China had the highest GDP per capita of the three countries. b) China's GDP per capita was $8,027,684. c) The US had the highest GDP per capita of the three countries. d) Luxembourg's GDP per capita was more than 10 times that of China's.

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d) Based on this information which of the following statements is correct Luxembourg's GDP per capita was more than 10 times that of China's.

The Gross Domestic Product (GDP) measured at the current market prices is referred to as the nominal GDP. The value of all commodities and services produced in a specific time period less the value of those created throughout the production process is the nominal GDP, to put it simply. GDP measures the monetary worth of all the goods and services a nation produces. One way to gauge the health of the economy is through nominal GDP. It varies from real GDP in that the latter does not take inflation-related price fluctuations into account.

Resources are distributed according to a number of interconnected processes that make up the economy. Production, distribution, and consumption of commodities and services are just a few of these processes. The people who live in the economy need these products and services.

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match the five stages that a prospective buyer goes through, known as the hierarchy of effects, to their definitions.

Answers

The five stages that a prospective buyer goes through, known as the hierarchy of effects, to their definitions is Awareness with the consumer's ability to recognize and remember the product of brand name.

The other matchings which a prospective buyer goes through would be Interest, evaluation, trial and adoption. The interest is related to the increase in the consumer's desire to learn about some of the features of the product or brand. It means that they find the quality of the product more essential than its price and thus they wish to buy products which they perceive to be of higher quality. In the Evaluation process, the consumer's appraisal of the product or brand on essential attributes carries greater importance. Trial is the stage in which the consumer's first purchase and use of the product or brand are counted. Adoption is linked with the favorable experience of the first use and the consumer's repeated purchase.

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WILL GIVE BRAINLIEST
How do managers estimate
fixed and variable labor costs?

By developing a staffing quide

Through job analysis

Solely by the use of forecasting
tools

By comparing productivity and performance standards

Answers

Answer:

Managers can estimate fixed and variable labor costs by using a combination of methods, such as:

Developing a staffing guide: Managers can use historical data and forecasting tools to estimate the number of employees needed to meet demand, and then use this information to develop a staffing guide. This guide can help managers to estimate the fixed labor costs associated with maintaining a certain number of employees, such as salaries and benefits.

Through job analysis: Managers can analyze the tasks and responsibilities of each job to determine the specific labor costs associated with each position. This can help managers to identify which costs are fixed and which are variable.

By comparing productivity and performance standards: Managers can compare the productivity and performance of employees to industry standards to determine if labor costs are in line with expectations. This can help managers to identify any inefficiencies or areas where costs can be reduced.

Solely by the use of forecasting tools: Managers can use forecasting tools to predict the demand for goods or services, and then use this information to estimate the number of employees needed to meet that demand. This can help managers to estimate the fixed and variable labor costs associated with meeting that demand.

It's worth noting that the most effective method of estimating fixed and variable labor costs is likely to be a combination of these methods, as they provide different perspectives on labor costs.

what does working capital management encompasses? what functional are involved and what underlying principle or trade-off influences the decision process?

Answers

Answer: Working capital management involves monitoring of cash flow, current assets, and current liabilities.

It's main function is to ensure that business's day-to-day operational expenses are met with positive/maintained cashflow statements.

Influences that has an effect in decision making in Working Capital Management -

Type of Business- Businesses having higher operations or their main core business is their operating activities like Food Delivery Companies, Online Cab Booking companies. Their CASH BURNING ratio is higher.

Production Technique- If they are sourcing raw material from anywhere and rest whole process of production are done by them than their operational cost will be higher. Example- A Ready made Cloth manufacturing company that only sources cotton, silk or any other material from farmer and rest all processes like spinning, weaving, dying etc are done by them than their Working Capital Management should be strong to avoid both wastage of Resources and Money.

Economical changes- Periods of BOOM & DEPRESSION effects decision making a lot. As Organisations have to preserve or burn the working capital as per ma    

Explanation:

There are eight critical business processes on which supply chain managers must focus. Which of the following is one of those processes?a. Returns managementb. Sales promotion activitiesc. Distribution intensityd. Public relations activitiese. Environmental assessments

Answers

There are eight critical business processes on which supply chain managers must focus and one of them is inventory management.

The other processes are returns management, sales promotion activities, distribution intensity, public relations activities, environmental assessments, procurement and network design.

The answer is that one of the eight critical business processes on which supply chain managers must focus is inventory management.

There are eight critical business processes on which supply chain managers must focus and one of them is inventory management.

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Sadia wants to practice price discrimination in her bakery. Which of the following techniques should Sadia use? Select all that apply. discounts for people who buy a large volume of bread. charging all consumers the same price for freshly baked goods. higher prices for people who buy on the day bread is baked and lower prices for people who place advance orders. creating an annual fee for customers who want to shop at a discount in her store.

Answers

In this case, the nurse manager would be displaying good leadership by making sure that the programme is applied consistently and uniformly throughout the whole facility.

Numerous medical conditions, including cancer, Crohn's disease, ulcerative colitis, congenital abnormalities, or trauma, can necessitate the use of an ostomy. A surgically made incision in the abdominal wall known as an ostomy enables the body to expel faeces or pee, typically into a bag. An ostomy established through the large intestine, such as a colostomy, enables excrement to be collected in a bag. When an ostomy is created through the small intestine, liquid faeces can be collected in a bag. A urinary ostomy, or urostomy, permits urine to be collected in a bag and is created through the urinary system. A person may be able to create an ostomy by doing so.

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using the cost approach formula, find a property's value using the following information:the subject property is 20 years old and has 30 remaining years of economic life.the cost of reproduction of the subject property is $375,000.the subject property's land value is $140,625.

Answers

Using the cost approach, the estimated value of the subject property is $265,625.

Property value = $375,000 - ($375,000 x 66.67%) - 0 + $140,625 = $375,000 - $250,000 + $140,625 = $265,625

So using the cost approach, the estimated value of the subject property is $265,625.

Physical deterioration refers to the reduction in value due to wear and tear or damage over time. It is typically estimated as a percentage of the cost to reproduce the property. Since the subject property is 20 years old and has 30 remaining years of economic life, we can estimate the physical deterioration as 20/30 = 2/3 or 66.67%.

Using the cost approach formula, we can estimate a property's value by determining the current cost to reproduce the property, less any physical deterioration or functional obsolescence.

The formula for the cost approach is:

Property value = Cost of reproduction or replacement - Physical deterioration - Functional obsolescence + Land value.

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Sole proprietors are permitted tax deductions for health costs paid from their earnings in the amount of
a. costs that exceed 7 1/2 % of AGI
b. costs that exceed 10% of AGI
c. 100% of costs
d. no deduction permitted

Answers

Tax deductions for health expenses paid from earnings are allowed for sole propreitors up to: c. 100% of expenditures. A taxpayer must decide between the standard deduction and additional deductions when calculating their taxable income.

A taxpayer is any individual or organisation that owes taxes to the federal, state, or local governments. Governments mostly obtain their funding from taxes on both citizens and companies. The word "taxpayer" first appeared at a time when cheap buildings were built in crowded places so that landowners could recuperate their property taxes.

Regardless of whether the taxpayers are firms or sole propreitors, the money is referred to as taxpayers' money. Public funds are all quantities of money that the government invests or spends to meet current or future demands. The total gross income of a person is reduced by a variety of defined deductions, such as payments to retirement accounts, student loan interest, and health savings accounts, to arrive at their adjusted gross income. Taxes are calculated using a person's adjusted gross income, not just their gross income.

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In 2003, the price of a certain automobile was approximately $30,300 with a depreciation of $2,040 per year. After how many years will the car's value be $7,860?
A) Write an equation to model the problem. Let t represent the number of years after 2003. For example, the year 2005 would be represented by t=2
.
B) Solve the equation to find the answer to the question above.

Answers

Let X be the price of the automobile at time‘t’

The value of the car that depreciates every year is $2,040

The price of automobiles in 2003 is $30,300.

According to the given information, the equation to the problem is:

It is given that the price of the car after t years is $7860.

So, the equation is reduced to:

Solving the above equation to get:

Hence, in 11 years the car value becomes $7860.

Information is stimuli that have meaning in a few contexts for its receiver. when facts are entered into and saved on a laptop, it's far normally called information. After processing which includes formatting and printing output facts can again be perceived as facts.

In the extensive sense, facts control is a mechanism wherein the manipulated actions are of implicit, indirect nature and the records that are given to the controlled item has the form of an informative picture, that's used by the item to exercise session an allegedly independent line of behavior.

It impacts how other sources are used and the general success of the business. most of the paintings finished in places of work include the processing of data. information begins as simple facts or uncooked facts made of numbers, symbols, and letters.

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one of the most dramatic changes in connectivity and communications in the past few years has been blank.

Answers

The past few years have seen one of the most significant developments in connection and communications. use of mobile devices with wireless internet connectivity is widespread.

A Wi-Fi network is just a wireless router in a home or business that distributes an internet connection to several devices. Your internet modem is immediately connected to your router, which serves as a hub to distribute the internet signal to all of your Wi-Fi capable devices. This allows you the freedom to continue using the internet as long as you're in your network's service region.

Mobile and dedicated hotspots are gaining popularity as a secure mobile connection option. Your smartphone and a jetpack are two popular hotspot devices. A excellent choice if you periodically need one is today's nearly all smartphones and tablets, which may be utilized as a temporary hotspot. Although it's simple to use and doesn't call for the purchase of additional equipment, it has a nasty habit of quickly draining your data and battery. A jetpack, on the other hand, functions as a specialized mobile hotspot and, like a smartphone, can receive a signal from nearby cell towers. It gives a wider Wi-Fi range and can connect to more devices.

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which of the following statements about reorder point ordering is/are true? multiple select question. safety stock is required if lead time is variable. it is not needed with eoq models. it is necessary for single period models. safety stock is required if demand is variable.

Answers

If safety stock is necessary and the lead time is variable, the following claims regarding reorder point ordering are accurate.

What is safety stock?Running out of stock is made easier by having safety stock. If you have enough safety stock on hand, you won't need to rely on your suppliers' prompt deliveries or turn away clients because of low stock levels. Up until your next shipment of ordered stock arrives, you are covered by safety stock. Let's examine the value of safety stock for your company. The phrase "safety stock" is used by logisticians to refer to a quantity of excess stock that is kept on hand to reduce the risk of stockouts brought on by supply and demand uncertainty. A sufficient safety stock level enables business activities to operate as planned. A safety stock is a surplus of a product that is kept in the warehouse to avoid running out of stock.

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Which of the following orientations looks at financial profits, the community in which the organization operates, and creating sustainable business practices?

Answers

Triple-bottom-line orientation looks at financial profits, the community in which the organization operates, and creating sustainable business practices.

According to the triple bottom line (TBL) economic theory, businesses should pledge to give social and environmental issues the same amount of attention as earnings. According to TBL theory, there should be three bottom lines: profit, people, and the environment.

The triple bottom line hypothesis broadens the definition of business success indicators to take into account contributions to social, economic, and environmental well-being. People, planet, and prosperity are sometimes referred to as the three "P's" in terms of the bottom line.

Sort the bottom line of the company into three groups: social, environmental, and economic. Describe the advantages and disadvantages of each category. Use conventional accounting techniques to determine net income to reflect the first of the three bottom lines.

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The correct question is:

A business orientation that looks at financial profits, the community in which the organization operates, and creating sustainable business practices. (the financial bottom line, the social bottom line, the environmental bottom line)

Marketers have embraced societal responsibility through ________, which seeks to meet today's economic, environmental, and social needs without compromising the opportunity for future generations to meet theirs.

Answers

Marketers have embraced societal responsibility through Sustainable Marketing which seeks to meet today's economic, environmental, and social needs without compromising the opportunity for future generations to meet theirs.

What is Sustainable Marketing ?

The act of producing, disseminating, and providing value to clients in a way that preserves or improves both natural (resources provided by nature) and human (resources provided by people) capital is known as "sustainable marketing."

An illustration would be when a company employs innovative packaging or marketing to make their product appear more ecologically friendly than it actually is. For instance, utilizing a lot of the color green and images of nature or wind turbines to give the impression that something is "green."

Consumer-oriented marketing, customer value marketing, inventive marketing, sense-of-mission marketing, and societal marketing are five sustainable marketing concepts that should serve as a guide.

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Brenda is a housekeeper who is supposed to stand in the presence of her employers as a sign of respect. Given this information, it can be said that Brenda is required to show __________.Group of answer choicesa) deferenceb) transference c) aggregationd) inflection

Answers

Answer:

A.

Explanation:

a successful account executive need an understanding of research methods marketing finance some form of sales experience and such personal traits as ambition

Answers

In order to promote services and goods, marketing account executives plan and implement marketing programmes. For market research, they collaborate with other staff.

Which marketing action is the promotion aspect most directly supporting?

The "promotion" component of the traditional marketing mix, usually known as the Four Ps of product, price, place, and promotion, refers to a specific marketing communication activity.

What are the marketing's four Ps?

(Explaining the marketing mix) Product, pricing, place, and promotion make up the four Ps. They serve as an illustration of a "marketing mix," or the collection of tools and techniques utilised by marketers to accomplish their marketing goals.

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indicate which organization this statment best disecribe: hisotrically, has tried to keep overhead cost as low as possible

Answers

To help non-profit organizations understand the criteria for determining indirect costs, this Indirect Cost Rate Guide (Guide) has been created.

What does "organization" mean to you?

A group of people who cooperate is known as an organization. Examples of such groups include unions, corporations, charities, and neighborhood associations. The term "organization" can be used to describe a person, a company, a group, or the process of creating something.

What exactly is a company, for instance?

A club, corporation, charity, or political party are all examples of official groups of individuals. These specialty schools are primarily offered by nonprofit institutions.

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1. assume that the company uses absorption costing. compute the unit product cost for one gamelan. (round your intermediate calculations and final answer to the nearest whole dollar amount.)

Answers

the unit product cost for one gamelan $826.82 and $745.

Why do fixed costs exist?

900 000 dollars in fixed manufacturing overhead

Absorption differs from variable costing in that the latter includes the fixed expenses of manufacturing in its product costs.

Giving the following information:

Units produced 11,000

Variable costs per unit:

Direct materials $ 250

Direct labor $ 440

1) Absorption costing:

Unitary fixed manufacturing overhead= 900,000/11,000= $81.82

Unit product cost= 250 + 440 + (55+81.82)= $826.82

2) Variable costing:

Unit product cost= 250 + 440 + 55= $745

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true or false : The percent of each age group of an accounts receivable aging that is expected to become uncollectible is determined by generally accepted accounting principles.

Answers

False: According to generally accepted accounting principles, a certain percentage of each age group of accounts receivables is predicted to become uncollectible.

What is the uncollectible method not allowed by GAAP?The immediate write-off approach is not permitted by GAAP. By failing to correctly record bad debt expense in the same period as the associated sale, it violates the matching principle. The direct write-off approach may be used by nonpublic businesses that are tiny and have few receivables for the sake of simplicity.Only the allowance technique is an acceptable approach for estimating uncollectible accounts receivable under U.S. GAAP. When a corporation uses the allowance method, which adheres to the matching principle, it records bad debt expense when it believes there is a significant possibility the receivable won't be recovered.The receivable balance in each of the ageing categories is multiplied by a reserve rate to determine the allowance for uncollectible accounts (see table below).

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