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stepladder [879]
4 years ago
10

When determining the cost of a manufactured good under an operation-costing system, a company would:

Business
1 answer:
Nonamiya [84]4 years ago
7 0

A company would trace direct-material cost to each product produced and use a predetermined application rate for conversion cost.

Explanation:

In this operation costing system the cost of the operation and the process cost are in parallel with the conversion cost and when when a company uses this they trace the direct material cost to each of the product produced and they predetermine the application rate of the conversion cost

The raw materials are manufactured in one way and the individual products are manufactured in another way and hence there is a mix of both the jobs and the prices may vary. Hence to avoid this confusion operation costing system was introduced

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The following information pertains to Sheridan Company.
DanielleElmas [232]

Answer:

Adjusted Cash Balance at 31 August 2022 = 9654

Explanation:

Bank Reconciliation Statement at August 31, 2022

Cash Balance as per Bank  August 31,                                         $7338

Add: Deposit in Transit                                                                  $3010

<u>Deduct: Outstanding Checks                                                        ($694 )</u>

<u>Adjusted Cash Balance                                                                  $9,654</u>

<u />

Cash Balance as per books, August 31,                                        $7374

Add: Receivable collected by bank                                               $2326

<u>Less:Bank Service Charges                                                           ($46)     </u>

<u>Adjusted Cash Balance                                                                  $9,654 </u>

<u />

5 0
3 years ago
One way that technological innovation has changed business is by decreasing the use of
lutik1710 [3]

Answer: Paper Forms

Reason: Process of Elimination and Educated Guess (Also, I just learned this)

3 0
3 years ago
Evergreen Corporation distributes land with a fair market value of $200,000 to its sole shareholder. Evergreen's tax basis in th
Lady_Fox [76]

Answer:

True

Explanation:

As for calculating the gain or loss on distribution of any asset, in any case the company shall consider the fair market value at the time of distribution, and accordingly, the gain or loss shall be:

Fair market value - Tax basis of such asset.

Here, in the given instance

Fair market value of land = $200,000

Tax basis of land = $50,000

Thus, gain on distribution = $200,000 - $50,000 = $150,000

This will not be different in any case, whether the earnings are positive or negative.

Therefore, the statement is True

4 0
3 years ago
Which of the following insurance types will cover the possessions inside your home?
OleMash [197]
I wanna think prob  full coverage home owners insurance 
4 0
3 years ago
The current research on managerial skill points to four general management skills. Which of the following is NOT one of the four
inessss [21]

Answer: (D) Scientific

Explanation:

  According to the given question, the current research on the concept managerial skills is very important for improving the various types of management skills in an organization.

The scientific is not the managerial skills in an organization and the following are the four general management skills are:

  • Technical skills
  • Conceptual skills
  • Political skills
  • Interpersonal skills

The managerial skills is important in an organization as it has the problem solving ability and also effectively manage the performance and the opportunity in an organization.  

 Therefore, Option (D) is correct answer.

6 0
3 years ago
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