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Zielflug [23.3K]
3 years ago
14

Period costsSelect one:a. are used to compute product cost.b. are selling costs and administrative costs.c. can be included in o

verhead costs.d. are carried in inventory until the goods are sold.
Business
1 answer:
Shkiper50 [21]3 years ago
3 0

Answer:

The correct answer is B: are selling costs and administrative costs

Explanation:

Giving the following information:

Period costs:

a. are used to compute product costs.

b. are selling costs and administrative costs.

c. can be included in overhead costs.

d. are carried in inventory until the goods are sold.

Period costs are not directly tied to the production process. Overhead or sales, general, and administrative (SG&A) costs are considered period costs. Includes costs of the corporate office, selling, marketing, and the overall administration of company business. Period costs are not attached to one particular product or the cost of inventory like product costs.

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During 2022, Skysong Corp. entered into the following transactions.
Neko [114]

Answer:

4,890

Explanation:

7 0
3 years ago
Maryam phoned her auto insurance agent to renew her policy. The agent told her about new types of insurance now available—to cov
Mars2501 [29]

Answer:

product development

Explanation:

Product development growth strategy  -

It is based on the modification of the existing product , so that they appear to be new and the development of the new products and then offering the product to the current or new market .

These types of strategy are adapted , when their is no scope of new opportunity foe the new company .

The strategy of product development is used in the question statement .

3 0
3 years ago
At July 31, Sandhill Co. has this bank information: cash balance per bank $8,140, outstanding checks $770, deposits in transit $
horsena [70]

Answer:

The adjusted cash balance per bank at July 31 is $8,615.

Explanation:

Outstanding checks are the ones which the business has issued and recorded, but which the bank has not yet cleared. Hence, Sandhill Co. should deduct this amount from the cash balance per bank.

Deposits in transit are the deposits that are received and recorded by the business, but which the bank has not yet processed. Hence, Sandhill Co. should add this amount to its cash balance per bank.

The bank service charge is already accounted for in the cash balance per bank and requires no further treatment.

Therefore,

Initial cash balance per bank               $8,140

Less: Outstanding checks                    ($770)

Add: Deposits in transit                        $1,245

Adjusted cash balance per bank         $8,615

8 0
3 years ago
Read 2 more answers
Companies from the nation of Moldavia are more efficient in the production of certain types of apparel, while companies from the
Eva8 [605]

Options:

a. Investor collectivism theory

b. Rapid specialization theory

c. Investor individualism doctrine

d. Free trade doctrine

Answer: C. Investor individualism doctrine

Explanation:

Investor individualism doctrine is a doctrine that tends to show that an investors will invest or put Capital in a country that produces the product of which they are best in. In this case capital will be investigated in Moldavia since it is efficient in apparel manufacturing and to the United States of America because it is efficient in the production of computer systems.

INVESTOR WILL GENERALLY INVEST CAPITAL ON THE ECONOMIC COMPETENCE (WHAT A COUNTRY IS EFFICIENT IN PRODUCING) OF A COUNTRY.

8 0
3 years ago
When the weighted average cost method is used in a perpetual inventory system, a weighted average unit cost for each item is com
Wittaler [7]

Answer:

Ending inventory $210

Explanation:

Perpetual inventory system:

<u>Cost of Goods Sold and ending inventory are calcualte after every sale.</u>

Inventory available at the moment of sale:

Beginning inventory of 15 units at a cost of $12 = $180

June 5, Jacobs purchased 10 units at $13 per unit = $130

On June 12, it purchased 20 units at $14 per unit = $280

<em>units for sale: 45 cost of goods available for sale 590</em>

we sold 30 units. Units at ending Inventory: 45 - 30 = 15

<u>We are asked for FIFO method:</u>

first units are sold and <u>newest are inventory</u> so, ending invenotry will be compose of units fro mthe nearest purchase which is June 12th

15 units x $14 each = $ 210

6 0
3 years ago
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