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2 years ago

An operations costing system is:

Business

1 answer:

frosja888 [35]2 years ago

8 0

Answer:

C. An operations costing system is the same as job order costing system except that materials are accounted for in the same way as they are in process costing system

Explanation:

Operation costing is a hybrid of both job costing and process costing which can either used for:

products which use different materials initially but ends up using a common process for production that is same process for different group of products.
product has identical processing initially for different group of products and ends up with more product specific procedures.

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_______ property is an ownership fence, which applies to resources like land that more than one individual owns jointly.

OverLord2011 [107]

Answer:

Common

Explanation:

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2 years ago

Flounder Company had the following stockholders’ equity as of January 1, 2020. Common stock, $5 par value, 20,700 shares issued

MAVERICK [17]

Answer and Explanation:

Date Account Title and Explanation Debit Credit

Feb 1 Treasury Stock (2000*$19) $38,000

Cash (2000*$19) $38,000

(Repurchased 2,000 treasury stock @ $19 per)

Mar 1 Cash (870*$17) $14,790

Retained Earning {870*($19-$17)} $1,740

Treasury Stock(870*$19) $16,530

(Reissued 870 out of 2000 treasury stock @ $17 per)

Mar 18 Cash (530*$13) $6,890

Retained Earning {530*($19-$13)} $3,180

Treasury Stock(530*$19) $10,070

(Reissued 530 out of 2000 treasury stock @ $13 per)

Apr 22 Cash (510*$21) $10,710

Treasury Stock(510*$19) $9,690

Paid in Capital from Treasury Stock{510*($21-$19)} $1,020

(Reissued 510 out of 2000 treasury stock @ $17 per)

NOTE : loss of sale should be charges from Retained Earning.

7 0

2 years ago

Suppose Hyperpolis’s GDP increases by 15% and its inflation rate is 12%, while Superpolis’s GDP increases by 6% and its inflatio

strojnjashka [21]

Answer: c) Both economies grew at the same rate

Explanation:

The faster growing economy would be the one that saw a greater increase in Real GDP than the other.

Real GDP growth = Nominal GDP growth - Inflation growth.

Hyperpolis Real GDP growth = 15% - 12%

Hyperpolis Real GDP growth = 3%

Superpolis Real GDP growth = 6% - 3%

Superpolis Real GDP growth = 3%

Both countries grew at the same rate of 3%.

7 0

2 years ago

If the fed wishes to increase the money supply then it should: increase the required reserve ratio. increase the discount rate.

charle [14.2K]

The Fed can influence the money supply by modifying reserve requirements, which is the amount of funds banks must hold against deposits in bank accounts. ... Inopen operations, the Fed buys and sells government securities in the open market.If the Fed wants to increase the money supply, it buys government bonds.

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3 years ago

Southern Rim Parts estimates its manufacturing overhead to be $495,000 and its direct labor costs to be $900,000 for year 1. The

Zarrin [17]

Answer:

Job 301 $ 11,000

Job 302 $ 16,500

Job 303 $ 22,000

Explanation:

$\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate$

To calculate the overhead rate we divide the estimated overhead cost by the estimated cost driver:

$\frac{495,000}{900,000}= Overhead \:Rate$

0.55 overhead rate

Job 301 $20,000 labor cost x 0.55 overhead rate

11,000

Job 302 $30,000 labor cost x 0.55 overhead rate

16,500

Job 303 $40,000 labor cost x 0.55 overhead rate

22,000

8 0

2 years ago