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1 year ago

Product costs consist of all of the following except:_______

Business

1 answer:

alexdok [17]1 year ago

8 0

Answer: Dividends

Explanation:

What is Product costs ?

The cost incurred to produce a product are referred to as product cost. Direct labor, direct materials, consumable production supplies, and factory overhead all are included in these prices. The cost of the labor necessary to provide a service to a customer can also be considered when calculating product cost. In the latter scenario, all cost involved with a service, such as compensation, payroll taxes, and employee benefits, ought to be included in the product cost.

Since product cost contains the amount of effort that is required by both GAAP and IFRS, it is included in the financial statements. When deciding on short-term production and sale-price strategies, however, managers may alter product costs to eliminate the overhead component.

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Stocks and bonds purchased in a retirement plan or through a brokerage account, for example, are traded on secondary markets.

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2 years ago

A contingent liability is an obligation that should be: Question 2 options: A) Recorded in the accounts and classified in a cont

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Answer:

D) Recorded in the accounts if the amount may be reasonably estimated and it is probable that the future event creating the obligation will occur

Explanation:

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3 years ago

What class of security risk represents an opportunity for hackers when they find an identified weakness in which necessary contr

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1 year ago

What is supply-side fiscal polioy? Identify each policy action as being focused on the demand side, the supply side, or both. Dr

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Answer: Please refer to Explanation

Explanation:

Supply Side Fiscal Policy focuses on how to improve the ability of companies to supply more goods to the economy. The aim being that as companies supply more, they grow more and employ more people.

Demand Side Fiscal Policy on the other hand focuses on how to give more power to the Demand side of the Economy. It holds that increasing demand leads to increased supply which is good for the economy.

Classifying the above,

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4. increasing spending on "shovel-ready" projects. DEMAND SIDE.

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3 years ago

The owner of a bicycle repair shop forecasts revenues of $160,000 a year. Variable costs will be $50,000, and rental costs for t

Roman55 [17]

Answer and Explanation:

The preparation of the income statement is presented below:

<u>Particulars Amount </u>

Revenue $160,000

Less:

Rental Costs $30,000

Variable Costs $50,000

Depreciation $10,000

Profit before tax $70,000

Tax at 35% -$24,500

Net Income $45,500

Hence, the net income is $45,500

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3 years ago