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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.

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According to the resource-based view of the firm, competitive advantages are _________________ for competitors to copy, if they
saul85 [17]

Answer:

The answer options to this question are as follows:

A. The resources of the company that are mobile

B. The capital raised by the company from its shareholders

C. The expertise acquired by the employees in the company

D. The headquarters owned by the company

The correct answer is C. The expertise acquired by the employees in the company

Explanation:

The resource-based vision of the company is useful in developing strategic for companies with a single business, but  also for diversified companies as it reveals how core competencies embedded in a company can help them exploit new product opportunities and  markets .

A competitive advantage is any characteristic of a company, country or person that differentiates it from others, placing it in a superior relative position to compete. That is, any attribute that makes it more competitive than the others.

The attributes that contribute to having a comparative advantage are innumerable. But we can cite as an example the advantageous access to natural resources (such as high-grade minerals or low-cost energy sources), highly skilled labor, geographic location or high barriers to entry, which can be enhanced if we have a product that is difficult to imitate or we have a great brand.

It has been considered that the main source of competitive advantage is derived from the experience effect which has its origin in the learning effect.

The experience effect causes the experience accumulated by the company to decrease in unit terms the real cost of the total added value of the company. The experience effect constitutes a strong barrier to entry for new competitors. The existence of this entry barrier represents a solid competitive advantage for the company that accumulates more experience effect.

6 0
3 years ago
20.While reconciling the checking account, an accountant with Sonic Corporation noticed that an error had been made in recording
Lina20 [59]

Answer:

You need to deduct $450 from the company's cash balance. Since the check was received from a client, it covered an accounts receivable, so the adjusting entry should be as follows:

XX/YY, adjusting entry to reconcile checking account:

Dr Accounts receivable 450

    Cr Cash 450

Accounts receivable and cash both have debit balances, and since you want to increase accounts receivable you must debit it, while you must credit cash in order to decrease it.

8 0
3 years ago
Juniper Company uses a perpetual inventory system and the gross method of accounting for purchases. The company purchases $9,750
docker41 [41]

Answer:

The journal entries for the whole transaction are:

August 7, 202x, merchandise purchased on account, terms 1/10, n/30

Dr Merchandise inventory 9,750

    Cr Accounts payable 9,750

August 11, 202x, partial return of purchased merchandise

Dr Accounts payable 1,500

    Cr Merchandise inventory 1,500

August 16, 202x, invoice is paid within discount period

Dr Accounts payable 8,250

    Cr Cash 8,167.50

    Cr Purchase discounts 82.50

8 0
3 years ago
A company sold land, investments, and issued their own common stock for $11 million, $15 million, and $21 million, respectively.
Alborosie

Answer:

Net cash flow from investing activities: $20 million

Net cash flow from financing activities: $19 million

Explanation:

a. Calculation for flow from investing activities

Sale of land $11

Sale of investments 15

Purchase of equipment (2)

Purchase of patent (4)

Net cash flow from investing activities: $20

b. Calculation for Cash flow from financing activities

Issuance of common stock $21

Purchase treasury stock (2)

Net cash flow from financing activities: $19

Therefore Net cash flow from investing activities is $20 million while Net cash flow from financing activities is $19 million

7 0
3 years ago
Mr. West bought merchandise totaling $3,500.  His overhead was $1,200.  He sold the merchandise for $5,000.  Find his percent of
jonny [76]
<span>i think it is $9,700</span>
4 0
3 years ago
Read 2 more answers
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