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3 years ago

A monetary system where the value of monetary units is set by the specified quantity of an item is ______.

2 answers:

4 0

The answer is Gold Standard Money. Gold Standard Monet refers to the value of a nation's paper money has a direct link to gold. Paper money of a country can be converted into gold in any case, if the government is willing to convert it into gold.

Andre45 [30]3 years ago

3 0

A monetary system where the value of monetary units is set by the specified quantity of an item is commodity money.

Explanation:

A commodity currency could be a name given to certain currencies that co-move with the globe costs of primary trade goods product, because of these countries' significant reliance on the export of certain raw materials for financial gain. It comprises goods that have worth in themselves (intrinsic worth) additionally as a value in their use as cash. For instance, mediums of exchange for commodity money includes gold, silver, copper etc.

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g Foxx Company incurs $330000 overhead costs each year in its three main departments, setup ($15000), machining ($225000), and p

Svetlanka [38]

Answer:

Total allocated costs= $79,500

Explanation:

First, we need to calculate the allocation rates:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

setup= 15,000/40= $375 per setup

machining= 225,000/5,000= $45 per hour

packing= 90,000/500= $180 per order

Now, we can allocate costs to Product A1:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

setup=375*20= 7,500

machining= 45*1,000= 45,000

packing= 180*150= 27,000

Total allocated costs= $79,500

5 0

3 years ago

F your BAL is at .04, you can expect a __________ drop in complex performance compared to the sober level.

tensa zangetsu [6.8K]

If your BAL is at .04, you can expect a 13% drop in complex performance compared to the sober level.

5 0

4 years ago

When a firm doubles its inputs and finds that its output has more than doubled, this is known as: select one:

jek_recluse [69]

When a firm doubles its inputs and finds that its output has more than doubled, this is known as economies of scale. When a business has reached economies of scale, that means there is an equal amount saved in costs by increasing the production amount. The more you produce the lower the cost is to produce those items and the more amounts of items you have to sell.

7 0

3 years ago

The first step in transferring journal entry amounts to ledger accounts involves

DochEvi [55]

Answer:

First of all we will check that we had opened the correct ledger account and then we will date and treat the ledger account with the correct entry which means if it should be debited then it should be debited. Secondly, we will add the amount in the ledger acoount to pass the entry to the computer.

This is how journal entries are passed in the Quickbooks, Peachtree, Sage, Tally, Oracle, SAP, etc. (These are the names of accounting softwares used in accounts departments)

5 0

3 years ago

Confectioners, a chain of candy stores, purchases its candy in bulk from its suppliers. For a recent shipment, the company paid

Anton [14]

Answer:

correct option is b. $0.100

Explanation:

given data

Group 1 = 2,500 pieces that expected sell = $0.25 each.

Group 2 = 5,500 pieces that expected sell = $0.60 each.

Group 3 = 500 pieces that expected sell = $1.20 each

company paid =$1,800

received = 8,500 pieces

to find out

cost per item in Group 1

solution

we get here sale value for all 3 groups that is

sale value for group 1 = 2500 × 0.15 = $375

sale value for group 2 = 5500 × 0.36 = $1980

sale value for group 3 = 500 × 0.72 = $360

so total sale value will be here as

total sale value = $375 + $1980 + $360

total sale value = $2715

now we get here % sale that is for group 1

% sale for group 1 = $\frac{375}{2715}$

% sale for group 1 = 13.81 %

and cost is here $1800

and proportion of cost for group 1 will be

proportion of cost = 1800 × 13.81%

proportion of cost = $248.58

and

cost per unit will be here as

cost per unit = $\frac{248.58}{2500}$

cost per unit = 0.10

so correct option is b. $0.100

8 0

3 years ago