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Alisiya [41]
3 years ago
6

Process costing would be most likely used by a A. salsa company. B. soft drink manufacturer. C. cereal company. D. all of the ab

ove would use process costing.
Business
1 answer:
Lana71 [14]3 years ago
4 0

Answer:

All of the above would use process costing.

Explanation:

Process costing can be defined as a method of assigning manufacturing costs whereby the cost of each unit produced is assumed to be the same cost for every unit.

Process costing is most commonly applied when goods are produced in large numbers and when the costs linked to individual units cannot be easily differentiated from each other.

Under process costing, costs rise over a fixed period of time, and are then assigned to all the units produced throughout that period.

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bramble reported total asset s of and net income of for the current year. what is the corrected amount for toal assets and net i
nika2105 [10]

Answer:

Total Assets

Inventory is understated by $59,300 at the end of the year which means that assets are understated by the same amount.

To rectify this therefore you;

= 6,395,000 + 59,300

= $‭6,454,300‬

Net Income

When closing inventory is understated, it will have the effect of understating income and when opening inventory is understated, income will be overstated.

This means that the income for the year is overstated by $139,000 but understated by $59,300.

Corrected income is;

= 500,000 - 139,000 + 59,300

= $420,300

5 0
3 years ago
4. _______ are the fastest growing segment of today's workforce. They are optimistic, inventive and individualistic; they seek a
galina1969 [7]

Answer:

Millennials

Explanation:

They are the highest group of people joining the workforce as they are just graduating high school/college. They also have that mindset. Hope this helps!

6 0
2 years ago
At the beginning of the year, Oak Corp. (an S corporation) had $50,000 in its AAA, $30,000 of earnings and profits from prior C
Hunter-Best [27]

Answer:

$20,000

Explanation:

Calculation to determine How much income does Ethan recognize this year from these transactions

First step is to calculate the share of ordinary income Amount

Share of ordinary income amount=$25,000 × 25%

Share of ordinary income amount=$6,250

Second step is to calculate AAA distribution

AAA distribution=[$50,000 + $25,000] × 25%]-[$30,000-($50,000 + $25,000 × 25%)]-

AAA distribution =$18,750-$11,250

AAA distribution=$7,500

Third step is to calculate the distribution treated as dividend

Distribution treated as dividend= $25,000 × 25%

Distribution treated as dividend= $6,250

Now let calculate the income recognized

Income recognized=$6,250+$7,500+$6,250

Income recognized=$20,000

Therefore How much income does Ethan recognize this year from these transactions is $20,000

3 0
3 years ago
On January 1, Applied Technologies Corporation (ATC) issued $550,000 in bonds that mature in 10 years. The bonds have a stated i
AVprozaik [17]

Answer:

$550,000

Explanation:

Data provided in the question

Issued amount = $550,000

Time period = 10 years

Stated interest rate = 12%

Market interest rate = 12%

Based on above information, as we can see that the stated interest rate is equal to market interest rate i.e 12% which reflects that it issued at par i.e face value

So in this case, the amount received at issuance is equal to the issued amount i.e $550,000

3 0
3 years ago
When a company produces​ 5,000 units, total costs equal​ $150,000 and total variable costs equal​ $75,000. At this level of​ out
Marrrta [24]

Answer:

$15

Explanation:

Average fixed cost = Total fixed cost / quantity

Total fixed cost = Total cost - Total variable cost

= $150,000 - $75,000 = $75,000

Average fixed cost = $75,000 /5000 = $15

I hope my answer helps you

7 0
3 years ago
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