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1 year ago

When using process costing, _______ can be added in any department.

1 answer:

7 0

When using process costing, labor and overhead can be added in any department. Any system for allocating costs to a component of a firm is referred to as costing.

Costing is often used to establish expenses for customers, distribution channels, personnel, geographical regions, product lines, processes, subsidiaries, and entire businesses. As defined by cost accounting, "a structured approach to recording and reporting measurements of the costing associated with providing services and producing things, both overall and in detail. It includes techniques for identifying, categorizing, allotting, aggregating, and reporting such costs as well as contrasting them with average costs."

One of the executive divisions of the federal government of the United States is the Department of Labor. Labor is in charge of enforcing federal laws that deal with things like wage and hour requirements, unemployment compensation, services, and even economic statistics.

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JacksonJackson Bank lends JabbourJabbour Clothing Company $125 comma 000125,000 on September 1. JabbourJabbour signs a $125 co

lara31 [8.8K]

Answer:

Explanation:

The journal entry is shown below:

Interest expense A/c Dr $3,000

To Interest payable A/c $3,000

(Being interest is recorded)

The computation of the interest expense is shown below:

= Principal × rate of interest × number of months ÷ total number of months in a year

= $125,000 × 6% × (4 months ÷ 12 months)

= $2,500

The four-month is calculated from the September 1 to December 31

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3 years ago

Bramble Company typically sells subscriptions on an annual basis, and publishes six times a year. The magazine sells 102000 subs

nirvana33 [79]

The answer is option A. a. Cash 900,000 Unearned

Subscription Revenue 900,000

On the part of the seller, the sale of 60,000

Magazines at $15 constitute liability.

Remember that cash has already been received by the company.

Hence, this amount is yet to be earned by the company that it is considered liability on the part of the seller.

Account Title Debit Credit

Cash 60,000 subscriptions * $15 $900,000

Unearned Subscription Revenue $900,000

Take note that the unearned subscription revenue is amortized to subscription revenue on a monthly or yearly basis.

Disclaimer:-your question is incomplete, please see below for complete question.

a. Cash 900,000 Unearned

Subscription Revenue 900,000

b. Prepaid Subscriptions 900,000

Cash 900,000 Subscriptions

c. Receivable 150,000

Unearned Subscription Revenue 150,000

d. Subscriptions Receivable 900,000

Subscription Revenue 900,000

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4 0

2 years ago

ABC has the following: cash, $102 million; receivables, $94 million; inventory, $182 million; other current assets, $18 million,

Leno4ka [110]

Answer:

Current ratio = 4.04

Explanation:

Current ratio measures the ability of a business to settle its short term obligations using its liquid financial resources (current assets)

A current ratio in excess of 2 is considered as adequate (except for some special occasions) and vice versa.

Current ratio is computed as follows:

Current ratio = current assets/current liabilities

Applying this we have

Cash 102

Receivable 94

Inventory 182

Other current assets 18

Total current assets 396 

Total current liability 98

Current ratio= Total current assets / Total current liability

Current ratio = 396/98= 4.04:1

Current ratio = 4.04

3 0

4 years ago

A variable expense is a _____.

Anvisha [2.4K]

The word variable comes from a root word "vary" which means to differ or not constant. Now, applying this to the given item, the variable expense means the costs that changes. The answer is therefore the fourth choice.

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4 years ago

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Which of the following statements are true based on the historical record for 1926–2016? Multiple Choice Risk-free securities pr

PilotLPTM [1.2K]

Answer: Bonds are generally a safer, or less risky, investment than are stocks

Explanation: The biggest pro of investing in stocks over bonds is that history shows, stocks tend to earn more than bonds - especially long term. Additionally, stocks can offer better returns if the company growth is exponential, earning the investor potentially millions on an originally minuscule investment.

Many investors are under the impression that bonds are automatically safer than stocks. After all, bonds pay investors a regular fixed income, and their prices are much less volatile than those of stocks. Conversely, a stock is low-risk for the issuing company, but it's high-risk for investors.

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4 years ago