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Ugo [173]
3 years ago
12

When using normal costing, the total production cost of a job is composed of:Multiple Choicedirect material, direct labor, manuf

acturing overhead, and outlays for selling costs.direct material, direct labor, and applied manufacturing overhead.direct material, direct labor, and actual manufacturing overhead.direct material and direct labor, only.direct material, direct labor, manufacturing overhead, and outlays for both selling and administrative costs.
Business
1 answer:
Feliz [49]3 years ago
8 0

Answer:

The correct answer is letter "B": direct material, direct labor, and applied manufacturing overhead.

Explanation:

Normal costing is the process of assigning inherent expenditures of productions to the items being manufactured. In essence, those costs are raw materials and labor. In cost accounting terms, they are assigned per unit as direct materials and direct labor.

Besides, normal costing includes manufacturing overhead which refers to the costs of production that are not easy to be traced such as depreciation, rent or utilities. Thus, <em>normal costing is composed of direct materials, direct costs, and manufacturing overhead.</em>

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Bakery has bought 250 pounds of muffin dough. They want to make waffles or muffins in half-dozen packs out of it. Half a dozen o
Alina [70]

Answer and Explanation:

The number of packets of waffles is W

and the number of muffins are M

The weight of dough is 250 pound and a pack of muffins requires 1 lb of dough whereas a pack of waffles uses 3/4 lb of dough.

3÷4W+M≤250

Multiplying both sides by 4

3W+4M≤1000

It takes bakers 6 minutes to make a packer of waffles and 3 minutes to make a pack of muffins, the total time available is 20 hours or 1200 minutes.

3M+6M≤1200

Minus the initial equation from the new equation:

(3M+6M≤1200)−(3W+4M≤1000)

2M≤200

Dividing equation by 2

M≤100

For M≤100

3W+4M≤1000

3W≤1000−4M

For the Maximum values of M

the least value of W is obtained

3W≥1000−4×100

3W≥600

Dividing the equation by 3

W≥300

For maximum profit, the number of waffles and muffins is taken as 300 and 100 respectively :

1.5∗300+2∗100

=650

8 0
3 years ago
Match the terms below with the following definition:
GalinKa [24]

Answer:

1. B

2. A

3. D

4. C

Explanation:

1. Activity variance

B) the difference between a revenue or cost item in the flexible budget and the same item in the planning budget.

The activity variance is as a result of difference between the actual level of activity in the flexible budget to the assumed level of activity in the planning budget.

2. Planning budget

A) a budget created at the beginning of the budgeting period that is valid only for the planned level of activity.

Planning budget is a process of evaluating earnings and expenses and project their monetary intakes and outtakes for the future made by  an individual or company.

3. Flexible Budget

D) a report showing estimates of what revenues and costs should have been, given the actual level of activity for the period.

Flexible budget adjusts with changes in volume and activity

4. Spending variance

C) the difference between the actual amount of the cost and how much the cost should have been, given the actual level of activity

This is unfavorable if the actual cost is greater than what the cost should have been and favorable if the actual cost is less than what the cost should have been.

6 0
3 years ago
Holly Lane is an accountant with Mildred​ &amp; Lane Co. and she has recently been asked to visit Maine Manufacturers to survey
nevsk [136]

Answer: <u><em>Audit</em></u>

Explanation: In this case the evaluation of financial records of the corporation(Maine Manufacturer) done by Holly lane is known​ an <u><em>audit.</em></u>

Audit is a methodical and autonomous process under which one examines  statutory records(i.e  books, accounts,documents and vouchers) of an institution and also appraise their acquiescence with laws, and provide an assessment  reflecting the expound of organization's financial records.

Therefore, the correct option is (b)

3 0
4 years ago
Francisca and Garden Estate, Inc., enter into a contract for the use of a Victorian mansion and its grounds for a wedding and re
labwork [276]

Answer:

The answer is letter A.

Explanation:

They will be construed agains the party who drafted the contract.  However, this rule only applies where one contracting party is in a superior  bargaining position, usually either as a result of greater experience or the assistance of counsel.

3 0
3 years ago
Can someone help me with numbers 17 - 22 or check if I got it right ? This is accounting
Svetllana [295]
Hard dm me and I know what it is for sure
4 0
4 years ago
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