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1 year ago

Costs that are shared by multiple cost objects in a company are known as ______ costs.

Business

1 answer:

laiz [17]1 year ago

8 0

Costs that are shared by multiple cost objects in a company are known as common costs.

Cost involves expenses that are incurred either in production or purchase of goods and services. Common cost consist of all cots incurred, it is not attached to any specific cost object, such as a product or process.

When cost is attached to particular cost it can be given a name.

Example is overhead cost of production, direct cost and indirect costs.

Therefore, Costs that are shared by multiple cost objects in a company are known as common costs.

Learn more on cost below

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Slapshot Company makes ice hockey sticks. Last week, direct materials (wood, paint, Kevlar, and resin) costing $26,000 were put

Fudgin [204]

Answer:

Slapshot Company

The total production is $98,000 with a unit cost of $49 per hockey stick.

The selling price per unit should be above $49 when marked-up.

Explanation:

a) Data and Calculations:

Direct materials (wood, paint, Kevlar, and resin) $26,000

Direct labor (10 workers x 100 hours x $20 per hour) 20,000

Manufacturing overhead equaled 52,000

Total production costs = $98,000

Production of hockey stick = 2,000 units

Unit cost of hockey stick = $49 ($98,000/2,000)

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3 years ago

In the first three years of operations, Lindsey Corporation reported net income(loss) of $(150,000), $100,000, and $250,000. At

Dmitriy789 [7]

Answer:

$80,000

Explanation:

The calculation of the total amount of dividend for three years is given below

= Net loss for first-year - net income for the second year + net income for the third year - ending retained earning balance

= -$150,000 + $100,000 + $250,000 - $120,000

= $200,000 - $120,000

= $80,000

And,

As we know,

The ending balance of retained earning = Beginning balance of retained earnings + net income - cash dividend paid

So, we used the same formula to compute the dividend amount

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3 years ago

In March 2017, Amazon and Clorox reported nearly identical earnings per share, but the stock price of Amazon was more than six t

adoni [48]

Answer:

c. investors see better long-term prospects for Amazon

Explanation:

As we know that Amazon has the more customer base in the market due to which the shareholder predicted the expected profit in upcoming years. The company could run in long run. Even the ompany suffered huge losses due to discount provided but the investors are ready to invest in this company as they seen there is a better and long term prospects

Therefore according to the given situation, the option c is correct

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3 years ago

An economy produces computer chips and fish. In 2014, one pound of fish costs $10, a computer chip costs $10, and the economy pr

vesna_86 [32]

Answer:

Real GDP (2014 price) = $ 250

Explanation:

GDP is the total value (PxQ) of goods & services, produced by an economy during a period of time. Real GDP is the value at constant base year prices.

Given [2015] : Fish Quantity = 5 , Computer Chip Quantity = 20

Base Year [2014] price : Fish = $10 , Computer Chip = $10

2015 Real GDP at 2014 base year price = Price 2014 x Quantity 2015

= (Fish PXQ) + (Computer Chip PXQ)

= (10 x 5) + (10 x 20)

= 50 + 200

= $ 250

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3 years ago

The establishment of all of the charge numbers for a project is called the: Select one: a. Work package codes b. Code of account

erastovalidia [21]

Answer: Code of accounts.

Explanation:

In project management, a code of accounts is a vital tool in managing any project because it makes it easier to differentiate numerous parts of a project without the need to remember terminologies or lengthy names.

A code of accounts is the unique numbering or lettering whereby letters or numbers are attached to each unique part of the project during the work breakdown structure (WBS) stage. The assigned numbers and letters should not be changed throughout the project's life cycle.

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