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tatyana61 [14]
2 years ago
14

To determine a product selling price based on the total cost method, management should include?

Business
1 answer:
Schach [20]2 years ago
8 0

If one wants to determine the selling price of a product using the total cost method, the management should use Total product costs plus a markup.

<h3>What is the total cost method?</h3>

The actual cost of performance is generally subtracted from the bid price before profit is added to the resultant sum in the total cost approach.

A production income statement is what the total cost method is. In other words, the units of measurement generated are utilized to accrue income and expenses. The units of measure produced during the reviewed period are used to calculate income and expenses.

When employing the whole cost method, the business accounts for all expenses associated with manufacturing the questioned well. The price of the entire product is included.

The final step is to add a markup to the overall cost in order to determine a selling price that will allow for the anticipated level of profit.

To learn more about the total cost method refer to:

brainly.com/question/6480601.

#SPJ4

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Which financial statement tells you the value of the assets the company owns and the liabilities a company owes?.
Pavel [41]

Answer:

Balance Sheet

Explanation:

The balance sheet is a financial statement that shows a companies assets, liabilities, and shareholder equity.

4 0
2 years ago
Sam believes in rewarding his employees for their hard work. he is acting as a when he processes their merit raises promptly on
masha68 [24]

Answer:

c) leadership is first and foremost about establishing a personal bond with employees

Explanation:

Sam believes in rewarding his employees for their hard work. he is acting as a  _______ when he processes their merit raises promptly on their hire date anniversaries.

As a manager seeks to develop her leadership skills, she should be aware that:

a) there is one best leadership style to which all managers should aspire

b) leadership is primarily about personal efficiency

c) leadership is first and foremost about establishing a personal bond with employees

d) many different styles of leadership can be effective

Sam is acting as a manager when he processes their merit raises promptly on their hire date anniversaries. Leadership is the ability for an individual  to direct or guide other individuals, teams, or entire organizations. Leadership in an organization is directing employees to accomplish a goal or meet the company need.

A leader should be able to communicate effectively with his/her team, be honest and have integrity and also build good relationship among client, team members and the community at large. The first thing a leader must do is establishing a personal bond with employees.

7 0
3 years ago
Wildhorse Co. entered into these transactions during May 2017, its first month of operations.
Alina [70]

Answer:

attached answer

Explanation:

equity represnet investment from owners and the accumulation of the result from the company operations.

1) equity increase the company receive an investment from owner

3-6-8) equity decrease as an expense is incurred which is a negative operation it has a negative impact on the earnings of the firm

4-5-9) the company's equity increase as income is generated from the main activity.

2-7)there is no involment of equity as the company acquired an asset and takes a liability while then, at payment an asset(cash) decrease an a liability( A/P) also decrease

We must remember that we work with accrual accounting thus, the day of collection or payment are not what determinates ncome and expenses.

3 0
3 years ago
Which of the following is a service fee? an amount of money a bank charges?
aalyn [17]

Answer:an amount of money a bank charges for the use of an account.

Explanation:

When someone charges you money for them to do something it is called a service fee

7 0
3 years ago
Which of the following statements is correct?
Alik [6]

Answer:

d

Explanation:

A stockholder is an investor that purchases shares in a company. A stockholder is regarded as the owner of the company.

According to accounting information :

Stockholders' equity = total assets - Total liabilities.

Stockholders' equity is the claim a shareholder has on a company's assets after total liabilities have been subtracted

The historical cost principle requires assets to be recorded at its historical cost regardless of changes in the value of the asset

8 0
3 years ago
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