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stepladder [879]
3 years ago
10

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

Business
1 answer:
Nonamiya [84]3 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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Sheridan Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is avai
il63 [147K]

Answer:

Closing inventory - $10,160

Costs of goods sold - $9,600

Explanation:

Under the LIFO Method, the cost of good sold equals to

= April 23 units × cost per unit + Remaining units × cost per unit

= 300 units × $22 + 150 units × $20

= $6,600 + $3,000

= $9,600

Since the firm has sold 450 units, so out of which 300 units sold at a price of $22 and the remaining 150 units sold at a price of $20

The ending inventory equals to

= Remaining units × cost per unit + April 1 × cost per unit

= 270 units × $20 + 280 units × $17

= $5,400 + $4,760

= $10,160

Since on April 23, the 420 units were purchase, out of which 150 units are transferred to the cost of good sold and the remaining units 270 units at $20 is transferred to the ending inventory

8 0
2 years ago
Multiple Choice Question 38 Vaughn, Inc. has 1000 shares of 5%, $10 par value, cumulative preferred stock and 63000 shares of $1
mart [117]

Answer:

$0.5 per share

Explanation:

Preference Share Capital = 1000 shares * $10 = 10,000

Annual Dividend in Total = 10000*5% = $500

Annual Dividend Per Share = $500/1000 = $0.5 per share

4 0
2 years ago
Economist Jones favors a constant-money-growth-rate rule. She says that if the annual money supply growth rate each year is equa
scZoUnD [109]

Answer: d. b and c

Your analysis assumes that velocity is constant, and it is not.

Your analysis assumes that you can correctly define the money supply

Explanation:

Here are the options for the question:

a. Your analysis assumes that Real GDP is constant over time, and it is not.

b. Your analysis assumes that velocity is constant, and it is not.

c. Your analysis assumes that you can correctly define the money supply.

d. b and c

e. a, b and c

According to the constant-money-growth-rate rule, the government should target money growth rate in a way that it will be equal to growth rate of the real GDP.

The likely thing that economist Smith, who favors activist monetary policy would say to economist Jones is that Jones is assuming velocity will be constant, and is also correctly defining the money supply which should not.be the case as velocity isn't always constant.

7 0
3 years ago
In the context of employee evaluation, most companies require that managers give formal feedback through periodic _____, usually
maria [59]

Answer:

The options for this question are the following:

a. vestibule training

b. management development programs

c. performance appraisals

d. orientation programs

The correct answer is c. performance appraisals .

Explanation:

Performance appraisal is a structural and systematic procedure to measure, evaluate and influence attributes (eg cooperation in teamwork and loyalty), behaviors (eg level of assistance and treatment given to clients) and work-related results (eg quantity and quality of the fruits of work), in order to discover to what extent the employee is productive and whether he will be able to improve his future performance. The performance evaluation process plays a monitoring role in order to:

  • To provide management with information to make decisions regarding the future development of the employee, by identifying and preparing, through training and improvement programs, the most suitable candidates so that they can assume a greater number of responsibilities.
  • Establish the relative value of a subject's contribution to the company and evaluate individual achievements.
  • Provide general data on the expected performance of employees.
  • Structure the dialogue between superior and subordinate, forcing superiors to improve knowledge of the subordinate's job.
  • Be the basis to distribute the remuneration, rewards, bonuses and determine the levels \ salary increases.
8 0
3 years ago
Read 2 more answers
During which stage of team development do members accept that they are part of a project group but resist the:________ A. Desira
olganol [36]

Answer:

C

Explanation:

and I remember I had that question but I don't remember how to explain it sorry hope it's helps

8 0
3 years ago
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