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elena-14-01-66 [18.8K]
3 years ago
6

A major purpose of a cost accounting system is to _____

Business
1 answer:
True [87]3 years ago
8 0

Answer:

Explanation:

The main objective of cost accounting are ascertainment of cost, fixation of selling price, proper recording and presentation of cost data to management for measuring efficiency and for cost control and cost reduction, ascertaining the profit of each activity, assisting management in decision making process.

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LaFevor Co. acquired 70% of the common stock of Dean Corp. on August 1, 2022. For 2022, Dean reported revenues of $960,000 and e
Zanzabum

Answer:

$66,250

Explanation:

Calculation for What is the effect of including Dean in consolidated net income for 2022

Effect of including Dean in consolidated net income for 2022=[($960,000-$780,000)*5/12]- ($21,000 × 5/12)

Effect of including Dean in consolidated net income for 2022=($180,000 × 5/12)- ($21,000 × 5/12)

Effect of including Dean in consolidated net income for 2022=$75,000-$8,750

Effect of including Dean in consolidated net income for 2022=$66,250

(Note that August 1 to December 31 will give us 5 months)

Therefore the effect of including Dean in consolidated net income for 2022 is $66,250

5 0
3 years ago
At Aalten Technologies, bottlenecks in the assembly line occur according to a Poisson process with an average of 0.50 bottleneck
RideAnS [48]

Answer:

Probability (at least one bottle neck occurs during 8 hours of operation) = 0.9817

Explanation:

Given:

Average bottleneck 1 hour = 0.5

Find:

Probability (at least one bottle neck occurs during 8 hours of operation)

Computation:

Expected events in 8 hour = 8(0.5)

Expected events in 8 hour = 4    

Probability (at least one bottle neck occurs during 8 hours of operation) = p(X≥1)

Probability (at least one bottle neck occurs during 8 hours of operation) = 1-p(X=0)

Probability (at least one bottle neck occurs during 8 hours of operation) =1-exp(-4)[4⁰]/0!

Probability (at least one bottle neck occurs during 8 hours of operation) =1-0.0183

Probability (at least one bottle neck occurs during 8 hours of operation) = 0.9817

5 0
3 years ago
A had a capital of ₹ 125,000 on 1st April, 2018. He had also goods amounting to ₹ 45,000
svetoff [14.1K]

Answer and Explanation:

The computation is shown below:

a. Total assets is

= Capital + creditors

= 125,000 + 45,000

= 170,000

b. The ending capital is

= Capital - loss - drawings

= 170,000 - 3,700 - 1,800

= 164,500

The assets is

= Ending capital + creditors

= 164,500 + 45,000

= 209,500

The same should be considered

6 0
3 years ago
Suppose annual inflation rates in the u.s. and mexico are expected to be 6% and 80%, respectively, over the next several years.
jeka94
<span>The answer is $.00102</span>
7 0
3 years ago
The Overnight Construction Company has just signed a collective bargaining contract in which it agrees that all workers it hires
Klio2033 [76]

Answer:

a closed shop

Explanation:

Based on the scenario being described within the question it can be said that this provision reflects a closed shop. This term refers to a specific place of employment in which all the individual's who are employed in this place must currently belong to an agreed trade union and be following all the guidelines set forth by the union. Such as the Overnight Construction Company has stated that must be the case in order to hire an individual.

3 0
4 years ago
Read 2 more answers
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