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Citrus2011 [14]
3 years ago
13

Job-order costing would be more likely to be used than process costing in situations where many different products or services a

re produced each period to customer specifications.
A. True
B. False
Business
1 answer:
Elina [12.6K]3 years ago
3 0

Answer:

A. True

Explanation:

It is an accounting that tracks business expenses, expenses and income with "business" and provides standardization of profit. In order to support the accounting system's business value, it must allow the allocation of cost numbers and revenue items separately. A business can be designated as a project for a customer or a single product unit or a group of units of the same type. In the production environment, the application of the cost of labor involves tracking what different types of “direct” labor costs are used, such as direct labor and direct materials, and then allocating jobs (indirect labor, warranty costs, quality control, and other additional costs). . An enterprise profit report is similar to a statement of profit or loss for the firm, but is specific to each business number. Business costs can estimate all the costs associated with the production of "work" or the production of goods produced in separate groups. These costs are recorded in the accounting records reflecting the life or work of the lot and are deducted from the final trial balance until the cost of the work or bulk production report is prepared.

Business costs VS process costs

Business value (also known by some as the cost of a job order) is important for management accounting. This process differs from the cost because more process or job cost tracking depends on the nature of the product and consequently the type of production process:

- The process cost is used when products are more homogenous. Also, costing systems assign different costs to production processes that are significantly different. The average cost of a single product is then calculated for each business.

- Process costing systems assign costs for one or more manufacturing processes. Because all units are the same or very similar, average costs per unit are calculated by dividing operating costs by the number of units produced.

- Many businesses produce products with some unique features and some common processes. These businesses use valuation systems with both business and operating cost values.

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Teal Company sells televisions at an average price of $814 and also offers to each customer a separate 3-year warranty contract
ki77a [65]

Answer:

A.

Dr Cash 266,178

Cr Sales Revenue 243,741

Cr Unearned Warranty Revenue 22,437

b)Current Liabilities:Unearned Warranty Revenue 90,579

Long-term liabilities:Unearned Warranty Revenue 181,158

Explanation:

Teal Company

A.

Dr Cash (814*327) 266,178

Cr Sales Revenue 243,741

Cr Unearned Warranty Revenue (277*81) 22,437

b)Current Liabilities:Unearned Warranty Revenue 90,579

(327×277)

Long-term liabilities:Unearned Warranty Revenue 181,158

(90,579×2)

4 0
3 years ago
You are interested in becoming a teacher or professor; the CTSO you wouldconsider joining isa.TSAb.FEAc.HOSAd.FFA
VMariaS [17]

Answer:

hi :)

Explanation:

4 0
2 years ago
5. A manufacturing company decides to buy solar cells in anticipation of rising electricity costs. The company is modeling its p
ch4aika [34]

If the expected rate of return for the company equals 8%, the maximum amount of initial investment that makes this a desirable and profitable project is <u>$11,385.20</u>.

<h3>What is the present value?</h3>

The present value is the discounted value of some future cash flows.  It is computed using the present value formula or table.  It can also be computed using an online finance calculator as follows:

For this project, we first calculate the future value of the cost-savings from the solar project based on $20,000 and 5% increases for 20 years as follows.

N (# of periods) = 20 years

I/Y (Interest per year) = 5%

PV (Present Value) = $20,000

PMT (Periodic Payment) = $0

Results:

FV = $53,065.95 ($20,000 + $33,065.95)

Total Interest = $33,065.95

Thereafter, we compute the present value of the above future value based on an 8% expected rate of return as follows:

N (# of periods) = 20 years

I/Y (Interest per year) = 8%

PMT (Periodic Payment) = $0

FV (Future Value) = $53,065.95

Results:

PV = $11,385.20

Total Interest = $41,680.75

Thus, if the expected rate of return for the company equals 8%, the maximum amount of initial investment that makes this a desirable and profitable project is <u>$11,385.20</u>.

Learn more about future values at brainly.com/question/24703884

8 0
2 years ago
Dividends paid to common stockholders ______ be deducted from the payer's taxable income for tax purposes.
Grace [21]

Dividends paid to common stockholders cannot be deducted from the payer's taxable income for tax purposes.

<h3>What is Dividend Payments?</h3>

Dividends are paid only on outstanding shares of common stock. Since the payments are the distribution of a company's profits to its shareholders, dividend payments decrease both the cash and the shareholders' equity balance shown on the issuing corporation's balance sheet.

Since they are paid on each share, the amount of cash distributed to each shareholder is based on the amount of shares they own.

<h3>Are dividends paid to common stockholders?</h3>

Dividends are paid only on outstanding shares of common stock.

A common stock dividend is the dividend paid to common stock owners from the profits of the company. Like other dividends, the payout is in the form of either cash or stock. The law may regulate the size of the common stock dividend particularly when the payout is a cash distribution tantamount to a liquidation.

Learn more about Dividends on:

brainly.com/question/25845157

#SPJ4

3 0
1 year ago
News or program on TV. Reliable or relevant
allochka39001 [22]

Answer:

<u>Relevant</u>

Explanation:

News, and / or programs on TV, is how media, and the government gives information and influences people. It is relevant for the reason that outlets are trying to influence the viewers, but it is not always reliable. The news, and commercials shown on TV are not always reliable. Politicians may put things on TV, or news that is not necessarily true, or reliable. News outlets also do the same thing. News is notorious for spewing false information. And not only on our presidents an politicians. The point of news is to basically exaggerate things to get hold of the viewers attention more.

:))

5 0
3 years ago
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