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nekit [7.7K]
3 years ago
13

A process costing system is employed in those situations where: many different products, jobs, or batches of production are bein

g produced each period. where manufacturing involves a single, homogeneous product that flows evenly through the production process on a continuous basis. a service is performed such as in a law firm or an accounting firm. full or absorption cost approach is not employed.
Business
1 answer:
nikitadnepr [17]3 years ago
8 0

Answer:

The answer to this question is option B.  where manufacturing involves a single, homogeneous product that flows evenly through the production process on a continuous basis.

Explanation:

Product costing is the accounting process of determining all business expenses pertaining the creation of company products. These costs can include raw material purchases, worker wages, production transportation costs and retail stocking fees.

Process costing is commonly used by companies operating in mass production of similar or identical products since the products go through the same processes.  

From the above explanation the best answer is B where manufacturing involves a single, homogeneous product that flows evenly through the production process on a continuous basis.

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Randolph is a 30 percent partner in the RD Partnership. On January 1, RD distributes $15,000 cash and inventory with a fair valu
Naya [18.7K]

Answer:

$2,000 capital loss

Explanation:

Randolph recognizes a $2,000 capital loss because RD distributes only cash and inventory and the adjusted bases of the property distributed is less than his basis in RD.

7 0
3 years ago
Bramble Corp. has a weighted-average unit contribution margin of $30 for its two products, Standard and Supreme. Expected sales
Alexeev081 [22]

Answer:

160,000 units

Explanation:

Step 1 : Determine the Sales Mix

Bramble : Standard

60000 : 40000

3 : 2

Step 2 : Determine the Overall Break even Point

Break even Point = Fixed Cost ÷ Contribution per unit

                             = $2400000 ÷ $30

                             = 80,000

Step 3 : Determine break-even point for Standards

Standards Break even point = 80,000 x 2

                                               = 160,000 units

Thus,

Bramble Corp would sell 160,000 units of Standards at the break-even point

8 0
3 years ago
When there is a time gap between when a message is sent and when it's received, one is using ___.
Montano1993 [528]

Answer:

The correct answer is: asynchronous communication.

Explanation:

Asynchronous communication is the type of communication that is deferred among people, meaning it does not match in time. In other words, it takes place when a message is sent without the expectation of an immediate response. Within the work frame, a is being promoted rather than synchronous communication because the latter allows small chat or informal communication to be spread.

5 0
3 years ago
CodeHead Software Inc. does software development. One important activity in software development is writing software code. The m
Irina18 [472]

Answer:

Explanation:

Standard hours per week = 40 hours

Standard rate per hour = $32

Actual rate per hour = $40

Labour rate variance = 40 - 32 = $8 (unfavourable)

Actual cost per week = 40 × 40 = $1600

Standard cost per week = 40 × 32 = $1280

Labour cost variance = actual cost per week - standard cost per week

= 1600 - 1280

= $320 (unfavourable)

Actual codes written in first week = 5650

Standard codes per week = 5 × 25 × 40 = 5000

Actual cost per code = 1600/5660 = $0.2832

Standard cost per code = 1280/5000 = 0.256

Labour efficiency variance = 0.2832 - 0.256 = $0.0272 (unfavourable)

If the team generated 4,650 lines of code according to the original plan:

Code generated = 4650

Number of programmers = 5

Average codes per hour per programmer = 25

Total codes per hour = 25 × 5 = 125

Standard codes per week = 40 × 125 = 5000

Actual time to write 4650 codes = 4650/125 = 37.2 hours

Standard time = 40 hours

Idle time = 40 - 37.2 = 2.8 hours

Labour time variance = 2.8 hours

Cost of idle time = 2.8 × 32 = $89.6 (unfavourable)

4 0
2 years ago
Maria is flagged as a special customer at your firm because she is a satisfied customer, returns to your company to buy, puts he
KIM [24]

Answer:   Advocate

                     

Explanation: In simple words, advocate level is the topmost stage in the loyalty ladder. In this stage, the customer gets used to for the brand and along with repurchasing it he or she also works as a promotional toll for the brand.

In the given case, Maria has been repurchasing the products from the firm and is also praising the brand online. Hence we can conclude that she is on the advocate rung.

4 0
3 years ago
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