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klasskru [66]
3 years ago
7

Which of the following statements is (are) true regarding product costing?(A) Twenty cans of paint that are 25% full are equival

ent to four cans of paint that are completely full.(B) The equivalent unit concept refers to the actual amount of work during the period stated in terms of whole units. A. Only A is true.B. Only B is true.C. Both A and B are true.D. Neither A nor B is true.
Business
1 answer:
MrRa [10]3 years ago
6 0

Answer:

B is the correct option.

Explanation:

Product costing refers to the cost incurred for creating a product. It includes the materials, labor, factory overhead and consumable production supplies. It can also be defined as the labor cost required for delivering the service and in this case, its cost also includes the costs related to compensation, payroll taxes, and employee benefits. The cost of a product on a unit basis is calculated by adding the cost of total direct labor, materials, consumable supplies and total allocated overhead divided by the total number of units.

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When a financial friction is added to the short-run model it: Group of answer choices shifts the MP curve up. shifts the IS curv
Alexeev081 [22]

Answer:

When a financial friction is added to the short-run model it: shifts the MP curve up.

Explanation:

The short-run model, IS/MP model, describes the Investment-Savings/Monetary Policy model used by the US Federal Reserve to decrease the real interest rate through the Federal Funds rate, i.

The Federal Funds rate is the interest rate that commercial banks with excess reserves lend to others in deficit.  The resulting shift occasions a decrease in the real interest rate which triggers an increase in the inflation rate, and vice versa.  With such short-run changes in the interest rate, inflation and output is influenced in desirable directions by the Federal Reserve as a foundation to achieve long-term shifts in the AD-AS model.

The AD-AS model is a long-term model that describes Aggregate Demand and Aggregate Supply which impact long-term inflation, interest rates, and output.

7 0
3 years ago
When a periodic inventory system is used, a. only the cost of merchandise sold is recorded each time a sale is made. b. only rev
marysya [2.9K]

Answer:

b. only revenue is recorded each time a sale is made

Explanation:

Under <u>periodic inventory we adjust for COGS at the end of each month,</u>

We don't recognize Cost of Goods Sold at the moment of sale.

<u>When a sale occurs we recognize the revenue associate with the sale only.</u>

<u />

It is under perpetual system when he adjustment on inventory and COGS are done simultaneously with the sale.

4 0
3 years ago
Roslyn has decided to purchase a $14,000 car. She plans on putting $2000 down toward the purchase, and financing the rest at a 6
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using the payment function, a $12,000 loan for 4 years at a rate of 6%, your payment would be $281.82

6 0
3 years ago
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Your coin collection contains 54 1952 silver dollars. if your grandparents purchased them for their face value when they were ne
shusha [124]

To know how much will be you collection worth when you retire in the year 2064, we will use the formula of the future value or FV.

To find the FV of a lump sum, we use:

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3 years ago
Abc company is hesitant about entering ukraine, because the country has been experiencing social unrest in recent years. Based o
AysviL [449]

The answer is<u> "political risk".</u>


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