Answer:
The way the costs of direct labor and factory overhead applied are treated in a process costing system is different from their treatment in a job costing system. In process costing system, they are debited to the Work in Process account.
The reason for this is that in process costing, costs are not directly attributable to individual jobs. Instead, costs are accumulated in Work in Process before they are assigned to individual production units.
Explanation:
Job order costing system accumulates costs for individual jobs while a process costing system accumulates costs in the Work in Process account and then allocates the costs to individuals units of production. The difference depends on the nature of the two systems and how possible it is to identify the costs and attribute them to individual jobs or units.
Answer:
4,444.44 units
Explanation:
For the computation of Number of units to be sold to earn target profit first we need to follow some steps which are shown below:-
Selling price per unit = Sales ÷ Number of units sold
= $300,000 ÷ 5,000
= $60
Variable cost per unit = Total variable cost ÷ Number of units sold
= $180,000 ÷ 5,000
= $36
Increase in selling price = $60 × 5%
= $3
New selling price per unit = $60 + $3
= $63
New contribution margin per unit = New selling price per unit - Variable cost per unit
= $63 - $36
= $27
Number of units to be sold to earn target profit = (Fixed cost + Target profit) ÷ Contribution margin per unit
= ($90,000 + $30,000) ÷ $27
= $120,000 ÷ $27
= 4,444.44 units
Answer:
The correct answer is the option E: Selection.
Explanation:
To begin with, in the Human Resources area the process known as <em>selection </em>is the one that focuses in the fact of determining which applicants are the ones that would best fit with the qualifications that are needed for the job and that the company is looking for. Therefore that in this process is where the person who does the interview needs to know exactly what the manager wants when it comes to a new employee so that the person can evaluate all the applicants by those standards in mind and more.
Answer:
Gain on bond redemption of $4,000.
Explanation:
Based on the information given The appropriate journal entry to record the retirement would include a GAIN ON BOND REDEMPTION of $4,000
Gain on bond redemption of $4,000
[$622,000-($600,000*1.03)]
($622,000-$618,000)
=$4,000
