In a job order costing system: Select one: A. Each department accumulates costs and then allocates them to all units produced. B. The processes involved in manufacturing products are essentially identical for all products. C. Production generally happens in a "continual flow". D. The end products are relatively homogenous. E. None of the above

Answers

Answer 1

Answer:

The correct answer is the option E: None of the above.

Explanation:

To begin with, in the field of business management and accounting the concept known as "Job Order Costing" refers specifically to the system that the managers of a company use in order to establish a better organization when it comes to terms of costing and due to the fact that they tend to be organizations that elaborate products that differ from each other regarding the materials they need to be produced properly. So therefore that this method focuses in the fact the company needs to calculate every cost the best possible for every different product that needs different tasks and jobs.


Related Questions

in a printing job, the cost of producing a thousand brochures was GH3500.The publisher decided to sell these brochures at 125% gross profit.How much shall he sell each brochure

Answers

1000 Brochures making cost = GH3500

Profit = 125%

= 125/100×3500

= 4375

Profit = 875

Each brochures = 4375/1000

= 4.375

Therefore each brochures will be sold at GH 4.375

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Assume that a firm had shareholders' equity on the balance sheet at a book value of $1,500 at the end of 2010.During 2011 the firm earns net income of $1,900,pays dividends to shareholders of $200,and issues new stock to raise $500 of capital.The book value of shareholders equity at the end of 2011 is:_______.
A) $2,750
B) $250
C) $1,450
D) $3,700

Answers

Answer:

The book value of shareholders equity at the end of 2011 is:_______.

D) $3,700.

Explanation:

a) Data and Calculations:

Beginning shareholders equity book value = $1,500

Net income during 2011 =                                   1,900

Dividends paid to shareholders                          (200)

Issuance of new stock                                          500

Ending shareholders equity book value =     $3,700

b) The book value of equity at the end of 2011 is equal to the book value at the beginning of 2011 plus net income generated during 2011, issuance of new stock, minus dividends paid to shareholders.

Nichols Company uses the percentage of receivables method for recording bad debts expense. The month-end accounts receivable balance is $250,000 and credit sales during the month were $1,000,000. Management estimates that 4% of accounts receivable will be uncollectible. The Allowance for Doubtful Accounts has a credit balance of $2,500 before adjustment. The adjusting entry that Nichols must make includes: a. a credit to the allowance for $7,500. b. a credit to the allowance for $30,000. c. a debit to bad debt expense for $10,000. d. a debit to bad debt expense for $40,000.

Answers

Answer: a. a credit to the allowance for $7,500

Explanation:

Estimated Bad Debt = Balance on Account receivable  x bad Debt loss rate =  $250,000 x 4% = $10,000

Allowance for doubtful accounts with  a credit balance of  $2,500  

Allowance for Bad debts expense =Estimated Bad Debt -  Credit balance Allowance for doubtful accounts = $10,000 - $2,500 = $7,500

Account titles and explanation         Debit              Credit

Bad Debt Expense                         $7,500

Allowance for Doubtful Accounts                        $7,500

Which assertion relates to the following statement? "Assets, liabilities, and equity interests are included in the financial statements at appropriate amounts

Answers

Answer: Valuation

Explanation:

The assertion that assertion relates to the statement that Assets, liabilities, and equity interests are included in the financial statements at appropriate amounts is the valuation assertion.

According to the assertion of accuracy and valuation, it simply means that all the figures that are presented in a financial statement are known to be accurate and are based on proper valuation of the assets, the liabilities and the equity balances

provides the following data: 20X920X8 Cash$41,000 $25,000 Accounts Receivable, Net102,000 62,000 Merchandise Inventory72,000 50,000 Property, Plant, and Equipment, Net181,000 120,000 Total Assets$396,000 $257,000 Additional information for the year ending December 31, 20X9: Net Credit Sales$550,000 Cost of Goods Sold150,000 Interest Expense25,000 Net Income181,000 Calculate the rate of return on total assets for 20X9.

Answers

Answer:

63.09%

Explanation:

Note Missing question is attached as picture below

Average total assets = (Opening total assets+Closing total assets)/2

Average total assets = ($396,000 + $257,000) / 2

Average total assets = $653,000 / 2

Average total assets = $326,500

Return on total assets = (Net income + Interest expense)/Average total assets

Return on total assets = ($181,000 + $25,000) / $326,500

Return on total assets = $206,000 / $326,500

Return on total assets = 0.6309342

Return on total assets = 63.09%

In 4-6 sentences, discuss how understanding the concept of price elasticity of demand is useful for a business owner/firm operating in any market structure. Copying the definition or restating the definition of elasticity will result in loss of points. (What does price elasticity of demand tell the firm in terms

Answers

Answer:

The concept of price elasticity is important to a firm because it would help a firm determine how to change prices in order to increase total revenue

For example, if a firm has an elastic demand, if price is increased, the quantity demanded would fall. The fall in demand would be greater than the increase in price. As a result, total revenue would fall. If price is reduced, the quantity demanded would increase.. the increase in demand would be greater than the reduction in price. Total revenue would increase

If on the other hand, demand is inelastic, if price is increased, total revenue increases. If price is reduced, total revenue reduces

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.  

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.  

Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases  

Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.

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.

About 1.4 billion pounds of​ American, cheddar and other kinds of cheese is socked away at​ cold-storage warehouses across the​ country, the biggest stockpile since federal​ record-keeping began a century ago...Many​ [cheese companies] are paying to store their excess cheese in hopes demand and prices will improve. ​Source: Heather​ Haddon, "America​ Can't Move Its​ Cheese," Wall Street Journal​, December​ 17, 2018. What effect did the strategy of warehousing cheese have on the supply of​ cheese? Using the line drawing​ tool, show the effect of cheese producers storing cheese in warehouses rather than offering it for sale. Properly label your line. Carefully follow the instructions​ above, and only draw the required object

Answers

Answer: See explanation

Explanation:

Since the cheese companies are paying to store their excess cheese in hopes demand and prices will improve, then this will bring about the reduction in the supply of cheese in the market but the demand for cheese will still be constant.

Due to the fact that there is shortage of supply, the supply curve will shift leftward and as a result of this, the price if cheese will increase and the quantity demanded by the customers will then decrease as a result of price increase.

Tell me about time when you made a mistake how did you find it and what did you do to correct it

Answers

Answer:

Briefly explain what the mistake was, but don't dwell on it.

Quickly switch over to what you learned or how you improved, after making that mistake.

You might also explain the steps you took to make sure that the mistake never happened again.

CONCILIACIONES BANCARIAS

Answers

Answer:

ehejejeuywnfwwjwjwhwjegegjshshstehshstejeheteyejuw7yo was a member in its first two seasons of its own and the first team in its history to win the world series 65in 2of 2in 3733333inches the world cup is in its second season as a team that

In 2012, Wingen Inc. sold 325,000 units at $8 each .Sales volume is expected to increase by 15 percent in 2013 while the price of each unit is expected to decrease by 15 percent. the expected sales revenue for 2013 is a. $373,750 b.$2,541,500 c.$1,878,500 d.$2,990,000

Answers

Answer:

$2541500

Explanation:

Given :

2012 :

Units sold = 325,000

Price per unit = $8

2013 :

Projected increase in volume = 15%

Projected decrease in price = 15%

Expected revenue = sales price * volume sold

Volume in 2013:

Projected Unit sold in 2013 = (1 + 0.15) * 325000 = 373750

units

Projected Price in 2013 = (1 - 0.15) * Price in 2012 = (1 - 0.15) * $8 = $6.80

Expected revenue = $6.80 * 373750 = $2541500

out line four roles played by entrepreneurs in Kenya​

Answers

Answer:

To be a successful entrepreneur it is necessary for the individual to develop essential communication skills, creativity, innovation and the ability to deal with the risks inherent in the business.

A well-positioned and competitive business is one that manages to create value for consumers by offering products and services that satisfy their wants and needs.

In Kenya, entrepreneurship has stood out as a means for citizens to seek employment and income opportunities, especially in opening up trade in products and services.

Entrepreneurship helps a country to develop by moving the economy and improving the population's quality of life, so it is necessary to have government incentives and information available on the subject.

The three goals of executive compensation are to align management’s interest with the shareholders, to keep management from leaving in bad times, and to refrain from giving too much of shareholder profits to management.

a. True
b. False

Answers

True is the answer .

Dobles Corporation has provided the following data from its activity-based costing system:

Activity Cost Pool Total Cost Total Activity
Assembly $228,060 18,000 mahcine hours
Processing orders $34,068 1200 orders
Inspection $125560 1720 inspection hours

The company makes 420 units of product D28K a year, requiring a total of 460 machine-hours, 80 orders, and 10 inspection-hours per year. The product's direct materials cost is $48.96 per unit and its direct labor cost is $25.36 per unit.
According to the activity-based costing system, the unit product cost of product D28K is closest to:

a. $95.34 per unit
b. $93.60 per unit
c. $74.32 per unit
d. $89.93 per unit

Answers

Answer:

Hence the correct option is option (a) i.e. $95.34 per unit.

Explanation:

Cost of 420 units of D28K product = 460 machine hour cost + 80 order cost + 10 inspection hour cost + 420 direct materials cost + 420 direct labor cost.

18000 machine hours = 228060

so 460 machine hours = 228060 x 460 /18000 = 5828.2

1200 orders = 34068

80 orders = 80 x 34068 / 1200 = 2271.2

1720 inspection hours = 125560

10 inspection hours = 10 x 125560/1720 = 730

So cost of 420 units of D28 products = 5828.2 + 2271.2 + 730 + 420 x 48.96 + 420 x 25.36

=40043.8

So cost of 1 D28K product = 40043.8 / 420 = 95.34

g is considering eliminating the fruit product line. If this line is eliminated, Orange Company will be able to eliminate $74,000 of total fixed costs. By how much would this business decision increase operating income

Answers

The business decision increase the operating income by $16,000

Calculation of impact of net operating income:

The following formula should be used:

= Contribution margin lost + fixed cost savings

= -$58,000 + $74,000

= $16,000

Since fruit product contributed $58,000 so here we eliminated it due to this it has a loss of $58,000 for the orange company

Therefore we can conclude that that the business decision increase the operating income by $16,000

Learn more about the: operating income here: brainly.com/question/13872434

price strategy of aquafina

Answers

aquafina adopts a competitive strategy in it’s marketing mix… it provides good quality of product and low calorie drinking water. gives an advantage over other brands

The three key pieces of information that are stated on a bond certificate are the: A. stated interest rate, the face value of the bond, and the maturity date. B. market interest rate, the price of the bond, and the maturity date. C. interest payment, the face value of the bond, and the credit rating of the company. D. interest payment, the issue price of the bond, and the credit rating of the company.

Answers

A bond certificate should contain stated interest rate, the face value of the bond, and the maturity date.

A bond certificate simply refers to a certificate of debt which is usually issued either by the government or a corporation. The main idea behind the issuing of a bond certificate is to raise money.  

The bond certificate states the bond details e.g. the bond par value, interest rate, maturity date etc.

In conclusion, the correct option is A.

Read related link on:

https://brainly.com/question/18691234

If a firm has a market beta of 0.9. is subject to an income tax rate of 35 percent, has a risk-free rate of 6 percent, a market risk premium of 7 percent, and has a market value of debt to market value of equity ratio of 60 percent, what does the market expect the firm to generate in terms of equity returns using CAPM?
a) 12.3%
b) 7%
c) 6%
d) 13%

Answers

Answer:

A

Explanation:

According to the capital asset price model: Expected rate of return = risk free + beta x (market rate of return - risk free rate of return)

risk free + (beta x market premium)

6 + (0.9 X 7) = 12.3%

The parts can be purchased from an outside supplier for only $28 each. The space in which the parts are now produced would be idle and fixed production costs would be reduced by one-fourth. If the parts are purchased from the outside supplier, the annual impact on the company's operating income will be:________
a) $24,000 increase
b) $24,000 decrease
c) $56,000 increase
d) $56,000 decrease

Answers

Answer:

d) $56,000 decrease

Explanation:

In the case when parts are produced by sharp corporation

Given that

Total cost per unit = $36

Total cost = Total cost per unit × parts

= $36 × 8,000

= $288,000

Now

If the parts are Purchased by the outside supplier, fixed costs decreased by one-fourth.

So, three-fourth fixed costs should be incurred.

Now  

Total cost per unit = Purchase Price + three - fourth fixed costs

= $28 + (3 ÷4) × $20

= $28 + $15

= $43

Now

Total cost = $43 × 8,000

= $344,000

So, the operating income is

= $288,000 - $344,000

= $56,000 decrease

Why My LinkedIn Lead Generation Is Failing?

Answers

Answer:

Your LinkedIn lead generation is failing due to the following mistakes:

Mistake 1. Not Choosing the Right LinkedIn Automation ToolMistake 2. Sending and Sharing Self-Promotional ContentMistake 3. Not Personalizing ContentMistake 4. Not Segmenting LeadsMistake 5. Not sending Follow-UpsMistake 6. Not Paying Attention To Stats

There are tons of big and small mistakes that marketers make when it comes to LinkedIn lead generation. However, the worst thing is to not learn from those mistakes and keep repeating the mistakes.

An oligopolistic market structure is distinguished by several characteristics, one of which is either similar or identical products. Which of the following are other characteristics of this market structure?

a. Market control by many small firms
b. Difficult entry
c. Mutual interdependence
d. Market control by a few large firms
e. Mutual dependence

Answers

Answer:

The correct option is d. Market control by a few large firms.

Explanation:

An oligopolistic market structure can be described as a market structure in which there is a small number of large firms, and none of the large firms can prevent the other large firms in the market from wielding great power.

An oligopolistic market structure is there a market that is dominated and controlled by by a few large firms.

Therefore, the correct option is d. Market control by a few large firms.

Smith Construction,Inc.just paid a $2.78 dividend.The dividend is expected to grow by 4% each year for the next three years.After that the company will never pay another dividend ever again.If your required return on the stock investment is 10%,what should the stock sell for today?
A) $7.46
B) $28.91
C) $46.33
D) $15.63

Answers

Answer:

A) $7.46

Explanation:

The computation of the stock sell for today is given below:

D1 = 2.78 × (1.04)

= 2.89

D2 = 2.89 × (1.04)

= 3.01

D3 = 3.01 × (1.04) = 3.13

Now the price of the stock is

= 2.89 ÷ (1.1) + 3.01 ÷ (1.1)^2 + 3.13 ÷ (1.1)^3

= $7.46

hence, the correct option is a.

The same should be considered and relevant

Sheridan Company just began business and made the following four inventory purchases in June: June 1 144 units $ 952 June 10 184 units 1472 June 15 184 units 1564 June 28 144 units 1296 $ 5284 A physical count of merchandise inventory on June 30 reveals that there are 194 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for June is

Answers

Answer:

$210,688

Explanation:

The LIFO method of accounting for inventory involves issuing the last items purchased first and those purchased first are issued last hence the acronym LIFO which means last in first out

Given that June 1 144 units $ 952 June 10 184 units 1472 June 15 184 units 1564 June 28 144 units 1296 $ 5284 A physical count of merchandise inventory on June 30 reveals that there are 194 units on hand

Total number purchased during the month

= 144 + 184 + 184 + 144

= 656 units

Using the last in first out method, the 194 units left at the end would be made up of the 144 units purchased on June 1 and 50 units purchased on 10 June hence the amount allocated to ending inventory for June is

= 144 * $952 + 50 * $1472

= $210,688

What happens in the foreign exchange market when a surplus of dollars​ exists? When there is a surplus of dollars in the foreign exchange​ market, _______.

Answers

Answer:

prices will decrease

Explanation:

The forex market is balanced when there exists when the quantity supply of any currency is equal to the quantity demanded. If the market has a surplus or shortages the rates will adjust accordingly.

Brian lives in San Francisco and runs a business that sells guitars. In an average year, he receives $704,000 from selling guitars. Of this sales revenue, he must pay the manufacturer a wholesale cost of $404,000; he also pays wages and utility bills totaling $286,000. He owns his showroom; if he chooses to rent it out, he will receive $3,000 in rent per year. Assume that the value of this showroom does not depreciate over the year. Also, if Brian does not operate this guitar business, he can work as an accountant, receive an annual salary of $20,000 with no additional monetary costs, and rent out his showroom at the $3,000 per year rate. No other costs are incurred in running this guitar business.
Identify each of Jake's costs in the following table as either an implicit cost or an explicit cost of selling guitars.
Implicit Cost Explicit Cost
The wholesale cost for the guitars that Charles pays
the manufacturer.
The wages and utility bills that Charles pays.
The salary Charles could earn if he worked as an accountant.
The rental income Charles could receive if he chose to rent
out his showroom .
Complete the following table by determining Jake's accounting and economic profit of his guitar business.
Profit (Dollars)
Accounting Profit
Economic Profit
If Jake's goal is to maximize his economic profit, he___stay in the guitar business because the economic profit he would earn as an accountant would be___.

Answers

Answer:

The wholesale cost for the guitars that Charles pays  the manufacturer - Explicit Cost

The wages and utility bills that Charles pays. - Explicit Cost

The salary Charles could earn if he worked as an accountant. - Implicit Cost

The rental income Charles could receive if he chose to rent

out his showroom - Implicit Cost

$14000

$-9000

should not

$6,000

Explanation:

Accounting profit= total revenue - explicit cost

Total revenue =price x quantity sold  

Explicit cost includes the amount expended in running the business.

They include rent , salary and cost of raw materials

$704,000 - ($404,000 + $286,000) = $14000

Economic profit = accounting profit - implicit cost

Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

Implicit costs = 20,000 + 3000 = 23,000

14,000 - 23,000 = -9000

in partnership businesses.if one partner withdraws part of his salary. How to record it in appropriation account and Current account.??Accounts​

Answers

Answer:

it can be to be and so

Explanation:

You are the manager of Black Spot Computers, which competes directly with Condensed Computers to sell high-powered computers to businesses. From the two businesses’ perspectives, the two products are indistinguishable. The large investment required to build production facilities prohibits other firms from entering this market, and existing firms operate under the assumption that the rival will hold output constant. The inverse market demand for computers is P = 5,900 − Q, and both firms produce at a marginal cost of $800 per computer. Currently, BlackSpot earns revenues of $4.25 million and profits (net of investment, R&D, and other fixed costs) of $890,000. The engineering department at Black Spot has been steadily working on developing an assembly method that would dramatically reduce the marginal cost of producing these high-powered computers and has found a process that allows it to manufacture each computer at a marginal cost of $500. How will this technological advance impact your production and pricing plans? How will it impact Black Spot’s bottom

Answers

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I just needed points to ask questions

Doanh nghiệp được trích trước tiền lương nghỉ phép của toàn bộ người lao động trong công ty. Đung hay sai

Answers

Answer:

sai

Explanation:

Answer:

Explanation:

Đúng

Sellograph Corporation reports sales of $10 million for Year 2, with a gross profit margin of 40%. 20% of Sellograph's sales are on credit. Year 1 Year 2 Accounts receivable $ 150,000 $ 170,000 Inventory 900,000 1,000,000 Accounts payable 1,100,000 1,200,000
Accounts receivable days outstanding at the end of Year 2 is closest to:___________
a. 30.6 days.
b. 26.0 days.
c. 27.0 days.
d. 6.1 days.

Answers

Answer: b.

Explanation:

The primary responsibility for establishing and maintaining internal control rests with
А
The controller
В.
The internal auditor
С
The treasurer
D
Management

Answers

Answer:

D

Explanation:

Management is responsible for establishing and maintaining internal control to achieve the objectives of effective and efficient operations, reliable financial reporting, and compliance with applicable laws and regulations.

A controller b authorities
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