Answer:
The correct answer is option D.
Explanation:
The cost-plus pricing is a method of price determination. The price is fixed by adding a standard markup to the cost of the product.
We sum up the direct material cost, the labor cost and the overhead cost of a product. Then we add a certain percentage of markup to arrive at the selling price of the product.
An alternative to cost-plus pricing is value-based pricing.
Answer:
A. True
Explanation:
The current ratio shows a relationship between the current assets and the current liabilities
In mathematically,
Current ratio = Total Current assets ÷ total current liabilities
where,
The current assets = Cash and cash equivalents + Short-term investments + Accounts and notes receivable + Inventories + Prepaid expenses and other current assets
And, current liabilities would be
= Short-term obligations + Accounts payable
This current ratio is always expressed in times plus its reflects the liquidity of the business organization
Alicia’s views are similar to symbolic interactionists. Symbolic interactionism is a sociological theory that states that how an individual engages with symbols explain the behavior that they are exhibiting.
This perspective believes that how an individual interacts with other individual in a group explains best the structure that underlies the group itself. We can see that Alicia subscribes to this point-of-view from how she believes that an employee’s understanding of a situation reflects how she or her engages with other members’ of the company.
Answer: Actual amount
Explanation:
Standard Costing deviates from traditional accounting in that it is not based on historical costs of a good. In standard cost accounting, the actual costs are put in place of standard costs and then the variance between the two will be recorded and used for analysis.
The debit to the Work in Process Inventory account under a standard cost accounting system will be the actual amount.
To solve this problem let us recall that the formula for
profit is:
Profit = (Rate of return) * (Capital value)
Rewriting this in terms of Capital value:
Capital value = Profit / Rate of return
Substituting the given values:
Capital value = $27,000 / 0.20
<span>Capital value = $135,000</span>