Answer:
No close substitutes for the product exist and there is one seller.
Explanation:
<u>Calculation of raw materials cost added to the work in process inventory account during the period:</u>
Raw materials issued using materials requisition 1445 for Job 101 = $25,000
Add: Raw materials issued using materials requisition 1446 for Job 102 = $35,000
Add: Materials requisition 1447 used on multiple jobs 1= $30,000
Total raw materials cost added to the work in process inventory account during the period =<u> $90,000</u>
Answer:
D) The demand for cheap pizza will decrease because demand for cheap pizza is negative related to income.
As students finds high paying job, they are now able to buy more expensive pizza, which means that a number of customers for cheap pizza will be decreased
Answer:
B. Target costing forces design engineers to explicitly consider the costs of manufacturing and other aspects of business that traditionally fall outside the engineering department
Explanation:
Target costing needs the design engineers to be active in meeting their customers projection, but it must be inside the target cost requirements. Engineers can not afford to just have their attention on the function and form of design, they must also observe cost under Target costing.
Answer: False
Explanation:
Intellectual capital simply refers to the intangible assets and the resources that helps in the contribution to the value of a particular company or enterprise and help such company to gain competitive advantage over its counterparts.
It should be noted that these assets and resources aren't caught by the traditional accounting reports.
The above statement means that the statement in the question is wrong. Intellectual capital are not caught by traditional accounting reports.
