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Ksju [112]
3 years ago
9

Costs that are incurred as part of the manufacturing process but are not clearly associated with specific units of product or ba

tches of production, including all manufacturing costs other than direct material and direct labour costs, are called:
A. Administrative expensesB. Nonmanufacturing costsC. Sunk costsD. Factory overheadE. Preproduction costs
Business
1 answer:
Nikolay [14]3 years ago
7 0

Answer:

The answer is D. Factory overhead

Explanation:

Factory overheads are cost that cannot be traced to a specific unit. It is also called manufacturing overhead.

It relates to indirect materials and/or indirect cost. For example, water, electricity, cleaning. All these cost are not directly related to a specific unit, they are consumed by the whole business operations.

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Does having social responsibility make you viewed more or less favorable by consumers?
enot [183]

Answer:

Depends on the person but probably not

Explanation:

6 0
3 years ago
V. Wheat is the main input in the production of flour. If the price of wheat decreases, then we would expect:
Murrr4er [49]

Answer:

3. Supply of flour to increase.

Explanation:

The situation above is showing a<em> direct proportional relationship</em> between the "wheat," as a main ingredient of flour, and the flour itself.

If the price of wheat <em>decreases</em>, <u>suppliers will be interested in buying more of it in order to produce more quantities of flour at a </u><em><u>lower cost </u></em>because it will more likely lead to a<em><u> higher profit</u></em>. This will, therefore, increase the supply of flour in the market.

6 0
3 years ago
the cumulative difference between reporting inventory at lifo rather than fifo is commonly referred to as the
UkoKoshka [18]

The cumulative difference between reporting inventory at LIFO rather than FIFO is commonly referred to as the LIFO reserve

<h3>What is LIFO reserve?</h3>

Generally, LIFO reserve is an accounting term that represents the difference between the cost of inventory calculated using the first-in, first-out (FIFO) method and the cost calculated using the last-in, first-out (LIFO) method for the purposes of bookkeeping.

In conclusion, The LIFO reserve is a term that is widely used to refer to the accumulated discrepancy that results from reporting inventory using the LIFO method rather than the FIFO method.

Read more about LIFO reserve

at brainly.com/question/28146683

#SPJ1

8 0
1 year ago
Sheffield Corp. earned $2120 for architecture services provided with the fee to be paid in the future. No entry was made at the
Kay [80]

Answer:  If the fee has not been paid by the end of the accounting period and no adjusting entry is made, this would cause: "d. revenues to be understated.".

Explanation: The income would be underestimated because the income of $2120 that corresponds to the service provided in the accounting period, must be recognized in the accounting period in which the economic events occur regardless of when the income of the funds occurs (accrual principle).

6 0
3 years ago
Inexpensive goods and services, which take very little consideration on the part of consumers and consumers frequently purchase,
nlexa [21]
Its called convenience products
4 0
3 years ago
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