Answers
Answer:
The Best Cost System is the "Process Costing System"
Explanation:
A Process Costing System amasses costs when an enormous number of indistinguishable units are being created. Right now, is generally proficient to collect expenses at a total level for an enormous group of items and afterward dispense them to the individual units delivered. The supposition that will be that the expense of every unit is equivalent to that of some other unit, so there is no compelling reason to follow data at an individual unit level. The great case of a procedure costing condition is an oil treatment facility, where it is difficult to follow the expense of a particular unit of oil as it travels through the processing plant.
Answer: Process costing system.
Explanation: A process costing system used in the manufacturing industry that accumulates the costs of producing a continuous stream of similar items.
It is calculated thus:
Cost per unit = cost of unit/ expected output in unit.
Using process costing method is very efficient to accumulate costs at an aggregate level for a large batch of products and then allocate the cost to the individual units produced.
There are three types of process costing and they are:
1. Weighted Average Cost
2. FIFO - First In First Out
3. Standard Cost
Related Questions
What's the buying culture in your hometown? why?
A process cost system would be appropriate for a a.custom cabinet builder b.jet airplane builder c.natural gas refinery d.catering business
When a bill is paid in QuickBooks using the Pay Bills window, QuickBooks: Multiple Choice Increases the Accounts Payable account and increases the Checking account Increases an Expense account and increases the Accounts Payable account Decreases an Expense account and decreases the Checking account Decreases the Accounts Payable account and decreases the Checking account
An investment has an expected return of 11 percent per year with a standard deviation of 26 percent. Assuming that the returns on this investment are at least roughly normally distributed, how often do you expect to earn less than -15 percent?
Answers
Answer:
The correct answer is letter "C": is used when selecting the appropriate leadership style for a given situation.
Explanation:
Leadership models represent the different methods individuals have and use at the moment of facing situations in which groups of people require guidance. There are several types of leadership models such as the contingency, descriptive, continuum, normative, path-goal, and prescriptive leadership models.
Choosing between one and another depends on the situation the leader is under what method matches better with his or her personal skills.
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B) Objectives and Task Method As a result, the "objectives and task" method are regarded as one of the most logical budgeting strategies for advertising.
The objectives and goals of marketing and advertising are established using this strategy.
How does the objective task method work?
The objective task method, which is also known as the "objective and task" method, is a system in which a business decides how much money to put into its marketing budget based on specific goals rather than just on sales revenues or projections.
The competitive paritymethod works on the premise that competing businesses have comparable marketing objectives and rationally implement them. Therefore, if a competitor spends approximately 5% of net sales on advertising, the company will match that competitor's advertising budget.
To learn more about Objectives and Task Method here:
#SPJ4
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Answer:
As a result, the classical management theory developed from efforts to find the “one best way” to perform and manage tasks. This school of thought is made up of two branches: classical scientific and classical administrative, described in the following sections.
Answers
Answer:
relevant cost of debt financing to TC, Inc.= 8.75%
Explanation:
The yield to maturity is a proxy for a company's cost of capital as it reflects the return that a company provides to its debtholders. Given a yield to maturity equal to 12.5% and a tax rateof 30%, the after tax cost of debt is calculated as :
After tax cost of debt =
The relevant interest rate is thus equal to 8.75% due to the fact that interest is tax deductible.
B) Effectively control costs on the project.
C) Focus on defect resolution.
D) Actively control the flow of information.
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Answer:
The correct answer is:
Actively control the flow of information. (A)
Explanation:
successful projects rely on communication. Communication entails exchange, discussion, information, technology, advice and teamwork. A good communication plan entails the following:
- sets clear guidelines for how information to be shared
- outlines who is responsible for sharing information
- outline who needs to be included in each communication.
There is no definite way for a team to communicate in a project, but a variety of communication methods exist, which includes:
emails, meetings, discussion boards, status reports, to-do lists or task trackers, collaboration apps.
In order to know what type of communication method to choose:
- determine what works for the team
- use successful communication methods from similar past projects
- check in with team members and relevant stakeholders.
Cash: $50,000 $60,000
Accounts receivable: 112,000 108,000
Inventories: 105,000 93,000
Prepaid expenses: 4,500 6,500
Accounts payable-
(merchandise creditors): 75,000 89,000
What is the amount of cash flows, from operating activities, reported on the statement of cash flows, prepared by the indirect method?
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Answer:
The amount of cash flows, from operating activities, reported on the statement of cash flows, prepared by the indirect method is $268,702
Explanation:
The Net Income for the year is adjusted for non-cash items, items appearing elsewhere and items in movement of working capital to arrive at the net cash flow from operating activities using the indirect method.
Cash flows, from operating activities
Net income $250,771
adjusted for non-cash items
Depreciation $35,093
Amortization $10,838
adjusted for items in movement of working capital
Increase in Accounts receivable ($4,000)
Increase in Inventories ($12,000)
Decrease in Prepaid expenses $2,000
Decrease in Accounts payable (14,000)
Net Cash flows, from operating activities $268,702