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lubasha [3.4K]
3 years ago
12

What is the elastic clause and how does it help the constitution remain relevant?

Business
1 answer:
AnnyKZ [126]3 years ago
7 0
The elastic clause is a section of the constitution of the United States of America that grants Congress the authority and power to pass all laws that are needed to carry out the enumerated list of powers. The elastic clause can be found in article 1, section 8 of the Constitution. This law basically grants congress the power to pass the laws necessary for it to carry out its own functions. <span />
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Equivalent-unit calculations are necessary to allocate manufacturing costs between: Multiple Choice cost of goods manufactured a
HACTEHA [7]

Answer:

units completed and ending work in process.

Explanation:

Process costing can be defined as a cost accounting method used for assigning manufacturing or production costs to the units of goods produced by a business firm over a specific period of time. It is mostly used by firms that produce a large quantity of homogeneous or similar products on a continuous basis. Process costing typically uses more than one Work in Process Inventory account because costing at each stage of production or manufacturing process.

Basically, when manufacturing overhead costs of a business firm or company are applied to the cost of production in a process costing system, they are debited to the Work-in-Process inventory account.

In the manufacturing process, partially or partly completed goods that are still in the process of being converted into a finish product are defined as work-in-process inventories.

Generally, the work-in-process inventories include the following raw materials cost, direct labor cost and factory overhead cost.

The equivalent-unit calculations is done by multiplying the number of partially completed physical goods by the percentage of completion.

Hence, equivalent-unit calculations are necessary to allocate manufacturing costs between units completed and ending work in process.

3 0
3 years ago
The basic principles of economics suggest that
spin [16.1K]

The answer is: C. government should become involved in markets when those markets fail to produce efficient or fair outcomes.

When left without regulations, many companies decided to do unfair business practice such as putting materials that dangerous for the consumers or giving their employees with unfair wages.

Because of this, government need to step in and make regulations to watch over the companies. (such as determining which materials would be safe as ingredients or creating legislation that regulate the minimum wages in the state)

5 0
3 years ago
Walmart relies on a cost leadership strategy and tries to keep all of its expenses as low as possible. The company relies heavil
Montano1993 [528]

The actions by Walmart clearly relate to:

  • C. power and politics

<h3>What is Cost Leadership Strategy?</h3>

This refers to the business strategy of trying to gain a competitive advantage by reducing the overhead costs.

With this in mind, we are told that Walmart relies on a cost leadership strategy and they make use of low wage employees and as much automation as possible and these actions shows that Walmart is using the design of power and politics

Read more about cost leadership strategy here:
brainly.com/question/15359412

5 0
2 years ago
Copy Center pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for e
Charra [1.4K]

Answer:

Total cost= $955

Explanation:

<u>Giving the following information:</u>

Direct labor cost per hour= $12

Predetermined overhead rate= $18 per direct labor hour

<u>Job M-47 :</u>

Direct material= $355

Number of direct labor hours= 20

Total cost= 355 + 12*20 + 18*20

Total cost= 355 + 240 + 360

Total cost= $955

6 0
3 years ago
Which of the following is a true statement about the field of manufacturing?
ivann1987 [24]

Out of the above choices, C) manufacturing jobs are expected to decline because of advances in technology. Due to technology advancing in many fields, it is creating a decline for the job because technology, once developed and tested is much cheaper. A, B, and D are incorrect because you can work in the manufacturing field without a college education, the jobs within the manufacturing field vary and can pay more or less than $50,000. There is also workers all over the world who work in manufacturing, not just the immigrant labor force.

6 0
4 years ago
Read 2 more answers
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