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2 years ago

If a company produces many different products, it will develop a standard cost for each type of product. true false

Business

1 answer:

saveliy_v [14]2 years ago

4 0

True. A company will develop a standard cost for each product type if it produces many different products.

The process cost system should be used when manufacturing is efficient and continuous. This system's equivalent units method successfully represents the challenging problem of determining how much work the Work in Process entails.

Process costing explains how to use the concept of equivalent units to assign manufacturing costs to the units produced. Businesses may create and market various goods, or at the very least, multiple versions of the same product. Most of the time, manufactured goods are connected in terms of consumption or production. The firm's output and pricing decisions must consider the relationships between the items when they are related.

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A company produces alternators for cars. They generally use a static budget with the following costs based on 8,000 units per mo

Daniel [21]

Answer:

$70,875

Explanation:

By definition, a flexible budget is when a budget has been adjusted or flexed to accommodate the changes in the level of activity.

If the company wanted to create a flexible budget for 9,000 units, then the value that would be recorded for variable costs will be:

Indirect materials, $22,000/8000*9000 = 24,750;

Indirect labor, $25,000/8000*9000 = 28,125 ;

Utilities, $12,000/8000*9000 = 13,500;

Supervision, $4,000/8000*9000=4,500

Total of variable costs = ........................70,875

3 0

3 years ago

Each day you have $5 for lunch. Today, you decided to save $2

prisoha [69]

Each day you have $5 for lunch. Today, you decided to save $2 and buy the chicken salad tomorrow for $6.50-In this case the money is being used

to save and store the purchasing power

Explanation:

The term money can be defined as a thing that serves as

A medium of exchange which is usually financial in nature.
It is used by the borrower to repay back to the lender-used to repay the debt.
It is used as an unit of accounting to measure your income and expenditure.
It is used to store the value of money -in other words used to save the purchasing power of an individual

Thus we can say that ,

Each day you have $5 for lunch. Today, you decided to save $2 and buy the chicken salad tomorrow for $6.50-In this case the money is being used

to save and store the purchasing power

8 0

3 years ago

Bud’s Bucket ice cream company produces a chemically enriched ice cream and decides to penetrate the gourmet market by offering

ipn [44]

Answer:

It may turn off it's current customer base and cause them to purchase a competitors ice cream.

Explanation:

Market penetration strategy is the process of selling current products to an already existing market so as to obtain a higher market share by taking the market shares from the other competing companies.

Market penetration strategy uses low prices to generate demand for a product and increase market share. Bud's bucket ice cream decides to penetrate the gourmet market by offering its same ice cream at high prices instead of reducing the price, this might lead to a reduction in their current customer base.

6 0

3 years ago

Longview Manufacturing Company manufactures two products (I and II). The overhead costs ($60,500) have been divided into three c

Mila [183]

Answer:

a. $8,000.

Explanation:

The computation of the amount of overhead cost assigned to the product I is shown below:

= $40,000 ÷ 2,500 × $500

= $8,000

Hence, the amount of overhead cost assigned to the product I is $8,000

Therefore the correct option is a.

7 0

3 years ago

There are several steps you can take to reduce the potential of being a victim

vitfil [10]

Answer:

Here are some steps to be taken to avoid being a victim of consumer fraud:

Spot Imposters: Scammers often pretend to be someone else, especially one you can trust, like a government official.
Online searching: Search about the company of product online to see if it is legit or not.
Don't pay in advance: Scammers always try to get money in advance, in terms of taxes or fees.
Discuss with someone: Before giving someone your money, talk to someone you trust or preferably to an expert.
Personal information: Don't given any unknown person your personal information, money, or any kind of financial details

7 0

3 years ago