Companies that use job-order costing make unique products.
<h3>What is job-order costing?</h3>
Job order costing can be defined as a costing method that is used to calculate the cost of each unique item produce or the cost of producing each unique product that is different from the ones in the market.
Example companies can make use of job-order costing when they produce a unique bag or shoe for their customer.
Since this product they produce for this customer is unique, the manufacturer can tend to use job order costing to determine the price or selling price they will to charge the customer.
A company can use a job order cost method if it produce products with unique characteristics.
Inconclusion companies that use job-order costing make unique products.
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Answer:
Emergency fund.
Explanation:
Emergency funds are money that we keep on hand in case of unforeseen events. It may cover car repairs, unforeseen buying, medical bills and so on.
It is important to hold some emergency funds so as to avoid being stranded with no access touch needed resources.
Also emergency funds can be saved over time in case of job loss, having some back-up funds to use in the meantime will be a wise strategy.
Answer:
Producer surplus.
Explanation:
Producer surplus is the difference between the price of a product they're willing to sell and the price they're gonna actually received. In this case she is willing to spend $30 + $10 coupon and she buys $35 pair of jeans.
So, she's only paying $30, that means seller is receiving $5 less.
Therefore, producer surplus is $5.
Answer:
Estimated manufacturing overhead rate= $77 per direct labor hour
Explanation:
Giving the following information:
Production:
Product A: 1,850 units
Product B: 1,250
Hours required:
Product A: requires 0.3 direct labor-hours per unit
Product B: requires 0.6 direct labor-hours per unit.
The total estimated overhead for the next period is $100,485.
First, we need to calculate the total amount of direct labor hours required:
Total direct labor hours= 0.3*1,850 + 0.6*1,250= 1,305 hour
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 100,485/1,305= $77 per direct labor hour
Answer:
C. It sets the priorities for your shift
Explanation:
- MIC card give ability to communicate the results of team and helps in making arrangements for the shifts. It also helps in scheduling goals.
