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3 years ago

Standard costs have which of the following characteristics? (Check all that apply.)

Business

1 answer:

Minchanka [31]3 years ago

7 0

Answer:

The following Apply :

A. Based on past experience and data Developed by the SCAB (Standard Cost Accounting Board

B. Used in preparing flexible budgets Useful for manufacturing companies, but not service companies

Explanation:

Standard Cost set levels of Costs and Revenues that ought to be achievable when reasonable levels of performance are attained together with working practices to manufacture a product.

Data is obtained from past experience and used to prepared flexible budgets for control purposes.

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Suppose the benefit of owning a painting, in terms of your personal enjoyment, is worth 5% of the value of the painting. If the

Julli [10]

Answer:

Explanation:

It would grow by 7% each year which is the rate of return on stocks

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3 years ago

The Southern Bell Company manufactures 2,000 telephones per year. The full manufacturing costs per telephone are as follows:

Degger [83]

Answer:

The company should buy the units because it will save $10,000.-

Explanation:

Giving the following information:

Make in-house:

Unitary variable cost= 2 + 8 + 6= $16

Avoidable fixed cost= $8,000

Buy:

Unitary cost= $15

First, we will determine the total cost of each option:

Make in house= 2,000*16 + 8,000= $40,000

Buy= 15*2,000= $30,000

The company should buy the units because it will save $10,000.-

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2 years ago

If the expected rate of inflation was 3% and the actual rate was 6.2%; the systematic response coefficient from inflation, would

Semenov [28]

The systematic response coefficient from inflation, would result in a change in any security return of 3.2 βI.

Explanation:

Given:

Expected rate of inflation = 3%

Actual rate of inflation = 6.2%

The change in security return can be calculated by obtaining the differences between actual and expected levels of inflation.

Change in security return= Actual rate of inflation- Expected rate of inflation

= 6.2%-3%

= 3.2%

Change in security return= 3.2 βI

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3 years ago

Jefferson Tech Corp., a technology firm, has an internal search engine that helps employees find answers to queries. The search

Nimfa-mama [501]

Answer:

processing costs

Explanation:

Based on the information provided within the question it can be said that the cost incurred by Jefferson Tech Corp. is an example of processing costs. This term refers to the direct costs allocated to tools that allow the company to continue it's operations in an efficient manner. Therefore maintenance of the data management system (which is essential) are considered as processing costs.

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3 years ago

Much of the supply of ________________ is from china and india where chemical manufacturers have less government oversight.

Eva8 [605]

The answer in the space provided is 'coming from'. It is because the countries like China and India has government which has less over sight which enables them to transport goods from chemical manufacturers because of their government that are not that strict in terms of transporting goods to other countries compared to others countries that have more over sight and are more strict.

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3 years ago