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lubasha [3.4K]
3 years ago
8

Jimmi wants a new cellular phone that many other people also want to buy. There are not enough phones produced to fill the deman

d. This is known as
A) rarity.
B) scarcity.
C) production cost.
D) opportunity cost
Business
1 answer:
Verdich [7]3 years ago
8 0
B) Scarcity - the state of being scarce or in short supply; shortage.
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Predetermined overhead rates in traditional costing are often based on
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Answer:

a) direct labor cost for job order costing and machine hours for process costing.

Explanation:

As we know that the predetermined overhead rate is the rate which is to be computed by considering the total estimated manufacturing overhead cost and the estimated activity level i.e machine hours, etc

Under the traditional costing, in case of job order costing it ts based on direct labor cost while in the process costing it is based on machine hours

Hence, first option is correct

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What is the cheif reason why a person would become a supervisor?
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. Assume a home buyer puts 20% down on a $250,000 house and uses a mortgage to borrow the rest. What will the amount of the mort
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During its first year of operations, Walnut Company completed the following two transactions. The annual accounting period ends
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Date               Account title                      $Debit                  $Credit

Dec 31            Wages Expenses               4800

                       Wages Payable                                              4800

                          (to record accrued wages)

Jan 06             Wages Payable                 4800

                        Cash                                                              4800

                        (to record payment of wages in cash)

An accounting period, in bookkeeping, is the length with reference to which management accounts and monetary statements are prepared. In management accounting, the accounting period varies widely and is decided via management. monthly accounting periods are common.

An accounting duration is the time frame for which a business prepares its financial statements and reports its financial performance and position to external stakeholders. this could be after three, six, or twelve months. The accounting period usually coincides with the business's fiscal year.

learn more about the fiscal year here brainly.com/question/15982144

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