Answer:
The correct answer is: units started in production in Finishing for April.
Explanation:
It is an analysis of the activity of the department or cost center for the period. All costs attributable to a department or cost center are presented according to the elements of the cost center. A production cost report for each department can be prepared following a four-step approach. Each step represents a separate plan and the four plans together constitute a report of the cost of production.
Step 1: Post the physical flow of units (quantity plan)
.
Step 2: Calculate the equivalent production units (equivalent production plan).
Step 3: Accumulate the total and unit costs that will be accounted for by department (cost plan to be accounted for).
Step 4: Assign the accumulated costs to the units transferred or still in process (cost plan accounted for).
Answer:
economic loss of $20,000 per year
Explanation:
The account teller earned an accounting profit = $40,000 per year, but actually has an economic loss.
economic profit / loss = accounting profit - opportunity costs
Opportunity costs are the costs or benefits lost from choosing one activity or investment over another alternative.
The teller's opportunity costs = $50,000 salary + ($100,000 x 10%) savings account = $60,000
economic profit/loss = $40,000 - $60,000 = -$20,000
Budgets that are revised by adding a new quarterly budget to replace the quarter that has just elapsed are called rolling budgets.
<h3 /><h3>What is rolling budget?</h3>
It corresponds to a more flexible and adaptable type of budget, generally used for companies whose business can be more volatile.
It is used continuously and extended, being updated during the period for the addition of new variables in the existing model. This being valid for use in the future budget.
Any type of budget is a necessary tool for organizations to be able to plan the use of their resources in a structured way that is consistent with their needs and objectives.
Therefore, a continuous or rolling budget helps companies adapt to trends, risks and characteristics of a dynamic market that is constantly changing.
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Answer:
false
Explanation:
my teacher said it was false but she could be wrong
Answer:
b. the implied warranty of merchantability
Explanation:
Implied warranty of merchantability refers to an implied assurance, in every sales transaction that the seller's goods are safe and fit for intended purpose of usage.
It represents an unspoken guarantee on the part of the seller that his goods conform to the acceptable standards and properly packaged and labeled and abide by the promises conveyed on their label.
The motive behind such a warranty being, the seller must properly inspect and test the quality of his goods before releasing them or making them available for sale in the market.
In the given case, the seller sold skis to the customer which cracked into two upon usage. The seller isn't aware of the cause of the consequence. Thus, the seller breached the principle of implied warranty of merchantabilty as per which, it should've first checked and inspected the skis before making them available for sale.
