Answer:
1. Ideal standard
2. Management by exception
3. Standard cost card
4. Standard cost
Explanation:
Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.
In Financial accounting, a direct cost can be defined as any expense which can easily be connected to a specific cost object such as a department, project or product. Some examples of direct costs are cost of raw materials, machineries or equipments.
On the other hand, any cost associated with the running, operations and maintenance of a company refers to indirect costs. Some examples of indirect costs are utility bill, office accessories, diesel etc.
1. Ideal standard: quantity of input required if a production process is 100% efficient.
2. Management by exception: Managing by focusing on large differences from standard costs.
3. Standard cost card: record that accumulates standard cost information.
4. Standard cost: preset cost for delivering a product or service under normal conditions.
Answer:
Explicit costs are the costs which requires the money to pay.
On the other hand, implicit costs refers to the benefit that is foregone by choosing some other work or doing some other activity.
Therefore,
Explicit costs are as follows:
1. Wages pays to his hired hand
2. Buys feed for his cows.
3. Gas expense that is used in truck
Implicit costs are as follows:
1. Foregone income of $27,000 from working at a dairy plant as a technician.
2. Time taken for extracting milk from all the cows.
Microeconomics is the area that is concerned with the ways to reduce the teenage smoking
Explanation:
The branch of economics that deals with the decision that the individual makes or the firms make is called as micro economics and it is usually determined by the human choices and the incentives
They are determined by the supply of goods the scarcity of the resources the money prices and the demand of the goods and the commodities the decisions that are made by the people in small scale is also called as micro economics
Answer: See explanation
Explanation:
Annuities are referred to as the loans that one would have to pay back over a period of time with a particular interest rate. It should be noted that annuities have consistent payments for the period that the loan will be paid back. An example of annuity is the car loan or the mortgage.
For a level principal loan, it should be noted that the principal payment will remain constant and won't change while there'll be a reduction in the interest rate over the period that the loan will be paid back. This means that there will be w reduction in the payments as the time progresses.
The field that is larger than the other three fields combined is the polo field.
On average, one polo field measures 275 meters by 146 meters, which is equal to 40,154 squared meters or approximately 432,000 square feet.
This is a very big area if compared with the areas required to play different sports. Here are some of the areas:
- Soccer field: The area of a soccer field is approximately 7,140 squared meters or 76854 squared feet.
- Baseball field: The area of a baseball field is 14,864 squared meters or 159994 squared feet.
- Football field: The area of a football field is 5351 squared meters or 57600 squared feet.
Indeed, if you add the three areas (76854 + 159994 + 57600) the total area is 294,448 is still smaller than the area of a polo field.
Note: This question is incomplete because the options are missing; here is the missing part:
- Soccer field
- Baseball field
- Polo field
- Football field
Learn more about field in: brainly.com/question/4988718
