1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lora16 [44]
3 years ago
8

When manufacturing overhead costs are assigned to production in a process cost system, it means that

Business
1 answer:
Colt1911 [192]3 years ago
8 0

Answer:

<em>When manufacturing overhead costs are assigned to production in a process cost system, it means that the business uses absorption costing system.</em>

Explanation:

When manufacturing overhead costs are assigned to production in a process cost system, it means that the business uses absorption costing system.

Absorption costing system is that where units of products and inventories are valued using full cost. Full cost implies that each product would be charged for an amount of the<em> fixed production overhead </em>in addition to the variable cost.

The fixed overhead is charged using a predetermined overhead absorption rate.

You might be interested in
How do you know which unit of a conversion factor must be in the denominator?
Zinaida [17]
If it does help please Mark Brainliest...

The unit that is used in the denominator is the one to cancels the unit that appears in a numerator.


Thanks
5 0
3 years ago
According to U.S. GAAP, asset retirement obligations are ________.
Vika [28.1K]

Answer:

D) long-term legal requirements to restore property

Explanation:

5 0
2 years ago
The umayyad insisted that conquered people pay a special head tax if they did not convert to islam. this head tax was called the
likoan [24]
The special tax was called J<span>izya.</span>
6 0
2 years ago
McGraw purchased an antique rocking chair from Tillis by check. The check was dishonored by the bank due to insufficient funds.
LekaFEV [45]

Answer:

Option C is the correct option.

Explanation:

As the rights and obligation of the antique rocking chair are been passed to third party, so the damage caused by the checque been bounced is the monetry consideration agreed between the party to the contract, McGraw and Tellis. So Tellis may recover money damages from McGraw. However there is a special condition that can allow Tellis recover his asset from Rio if the third party knew before purchase of this asset, that the checque paid to Tellis by McGraw was dishonoured but still he contracted with McGraw to acquire the antique rocking chair.

Overall the option C is the correct option with which the case scenario relates.

3 0
2 years ago
What is a motive?
AnnZ [28]

A) a motive is a reason you do something. In business it'd be, for example, profit motive. Your motive is the amount in the profit

6 0
3 years ago
Read 2 more answers
Other questions:
  • Problem 11-1 Jain Mart is to depreciate an asset bought for $500,000 using the SOYD method over a life of 8 years. If the deprec
    14·1 answer
  • The data below relate to the month of April for Monroe, Inc., which uses a standard cost system and a two-variance analysis of f
    6·1 answer
  • Which of the following correctly indicates the order of phases in product planning?
    11·1 answer
  • Select all of the following that describes Andrew Carnegie.
    8·2 answers
  • The following facts relate to Coronado Corporation.
    10·1 answer
  • Why is compound interest preferable to simple interest when investing?
    12·1 answer
  • _____are short-term, specific targets which are attainable, measurable, and controllable.
    13·1 answer
  • friedman and phelps suggested that there should not be a stable relationship between inflation and unemployment, but there shoul
    9·1 answer
  • In which type of career would you expect to spend a great deal of time backing up computer files?
    10·2 answers
  • The precaution of prohibiting employees from bringing personal computing devices into a facility is what type of security contro
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!