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Marina CMI [18]
4 years ago
5

For which of the following businesses would a process cost system be appropriate? a.custom furniture manufacturer b.boat repair

service c.dressmaker d.shampoo manufacturer
Business
1 answer:
frozen [14]4 years ago
3 0

Answer:

The correct answer is letter "D": shampoo manufacturer.

Explanation:

Cost systems are methods of allocating costs to goods produced for resale. Such systems improve organizational ability to operate efficiently and profitably. Cost accounting methods are also used for external financial reporting purposes mainly in reports of goods sold on the Income Statement and Work-In-Progress Inventory (WIP) on the Balance Sheet.

Cost systems are more useful when the units produced have all the same or almost the same features and are produced massively. Thus, <em>cost systems are more likely to be implemented in shampoo manufacturing companies.</em>

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George Hansen is General Manager for the Marigold Inn in Augusta, Georgia. Sharon Coombs is Restaurant and Food Services manager
stealth61 [152]

Answer:

Correct Answer:

1. Preparing ‘Napoli Pizza’ brochures for each guest room, complete with a phone number with a prefix different from that of Marigold Inn. The number will reach a special phone in room service, which will be answered,

Explanation:

This is the best logical suggestion to George because, the guests already had the impression that, the inn cannot be able to produce a very high quality and tasty pizza. <em>Preparing "Napoli Pizza" with different information from the Inn is best alternative. the guest would believe that, the pizza is coming from another quality pizza making company.</em>

6 0
3 years ago
Complete the Transaction" Worksheet: On the form provided, identify the accounts affected by each transaction and the amount of
iris [78.8K]

Answer:

I used an excel spreadsheet since there is not enough room here  

Explanation:

Download pdf
8 0
3 years ago
Doug incurred and paid the following expenses during the year:Classify the following expenses as "Deductible" or "Not deductible
Fudgin [204]

Answer:

a. "Not deductible"

b. "Not deductible"

c. "Not deductible"

d. "Deductible"

e. "Not deductible"

f. "Not deductible"

Explanation:

Expenses to be deductible ( especially for tax purposes) must pass the WREN test where;

W stands for wholly

R stands for reasonably

E stands for exclusively

N stands for necessarily

Looking at the expenses incurred and paid for by Doug during the year, the $50 ticket for running a red light is not a necessary expense as an adherence to traffic signs would have prevented such an expense. it can also be said that the expense was not reasonably incurred. This also applies to options b and c. Parking at the handicapped space is completely avoidable (necessity test) and as such the $100 would not have been incurred. While the $200 paid to the attorney for representation in court is an offshoot of options a and b. This would not have been incurred if the first two incidences were avoided.

Option c is deductible as the $500 paid is wholly for the business, reasonable,  exclusive and necessary. As such, the expense is deductible or allowable. Options e and f are not related to business and are incurred on personal grounds which are avoidable hence, these expenses would not pass the WREN test.

4 0
3 years ago
Data were collected for a sample of 12 pharmacists to determine if years of experience and salary are related. A regression was
frutty [35]

Answer:

b. Reject the null hypothesis and we conclude that years of experience is significant in explaining pharmacists' salary

Explanation:

We are given p-value less than 0.001, which means p-value less than given level of significance or alpha value 0.05, so we reject the null hypothesis and conclude that years of experience is significant in explaining pharmacists’ salary.

4 0
3 years ago
An open market purchase by the fed has a tendency to:
andrew-mc [135]
An open market purchase by the fed has a tendency to:A.  increase the demand for bonds, drive up bond prices, and <span>raise interest rates

</span><span>In open market purchase, the government will sell an investment in the form of bond or other government securities to the market.
When this happen, the demands for government securities will be increased, which lead to an increse in all the bond price due to the high demand.
All of these will increase the amount of money in circulation , which will lead to an increase in interest rates

</span>
4 0
3 years ago
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