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2 years ago

Standard costs have which of the following characteristics? (Check all that apply.)

SAT

1 answer:

grin007 [14]2 years ago

7 0

Standard costs have the following characteristics which include:

Used in preparing fixed budgets.

Based on past experience and data.

Used in preparing flexible budgets.

<h3>What is Standard cost?</h3>

This refers to the estimated cost involved in the production of goods and services and is usually compared with the actual cost to measure disparities.

It is usually gotten based on past experience and data and can be used to prepare different types of budget used by different organizations and government as a whole.

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An aqueous solution of nitric acid contains 70. 0 % hno3 by mass. The density of hno3 is 1. 42 (g/cm3). Express the mass percent

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<h3>Assumption</h3>

Let the mass of the solution be 100 g.

Therefore, the mass of 70% HNO₃ in the solution is 70 g

<h3>Determination of the mole of HNO₃</h3>

Mass = 70 g

Molar mass of HNO₃ = 1 + 14 + (3×16) = 63 g/mol

Mole of HNO₃ =?

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<h3>Determination of the volume of the solution</h3>

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Volume of solution =?

Volume = mass / density

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Volume of solution = 70.42 / 1000

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<h3>Determination of the molarity</h3>

Mole of HNO₃ = 1.11 mole

Volume of solution = 0.07042 L

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