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prohojiy [21]
3 years ago
9

Compton Corporation, with operations throughout the country, will soon allocate corporate overhead to the firm's various respons

ibility centers. Which of the following is definitely not a cost object in this situation?
Business
1 answer:
elena-14-01-66 [18.8K]3 years ago
5 0

Complete question:

Compton Corporation, with operations throughout the country, will soon allocate corporate overhead to the firm's various responsibility centers. Which of the following is definitely not a cost object in this situation?

A) The maintenance department.  

B) Product no. 675.  

C) Compton Corporation.  

D) The Midwest division.  

E) The telemarketing center.

Answer:

Compton Corporation is definitely not a cost object in this situation

Explanation:

A cost object is a concept commonly used in financial reporting to describe the costs. Definitions commonly found in expense items include: product lines, geographical areas, clients, teams or anything else handling the costs.

Any object to which costs are independently calculated is a cost entity. In an organization, an expense item can be, for example a team, workmanship, production line or procedure.

For example, the costs of construction, customer support or revamping of a returned product may be tracked.

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5. The time required and costs involved in an external audit are much higher as compared to internal audits.​
harina [27]

Answer:

True

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is this a question??

3 0
3 years ago
The Azuza Company owns no plant assets and had the following income statement for the year:
Nutka1998 [239]

Answer:Please see answer below

Explanation:

Solving

Net income= $16,000

Change in asset and liabilities

Accounts receivable Increased $67,000- $59,000 =- -8000

Inventory Decreased 62,000- 86,000=24,000

Prepaid rent --Increased 9,000- 7,000 = -2000

Accounts payable ---decreased 22,000 -30,000 = -8000

Wages payable ----Increased 9,000- 7,000=2000

Net cash provided by operating activity.=24,000+ 2000-(8000+2000+8000)

= $24,000

Net income= $16,000

Change in asset and liabilities

Accounts receivable--Increase -$8,000

Inventory--Decreased-- $24,000

Prepaid rent --Increased -$2,000

Accounts payable ---decreased-$8,000

Wages payable ----Increased $2,000

Net cash provided by operating activities,= $24,000

6 0
3 years ago
A new study shows that onions improve cognitive and heart health. This causes the demand curve to shift to the right, so that co
Deffense [45]

The complete question with diagram is attached

Answer:

($3.00, 420 lbs) and ($2.10, 510 lbs)

Explanation:

A shift in demand occurs when the quantity of a product consumers wants changes at all price levels.

A shift to the right indicates an increase in quantity demanded at all prices, while a shift to the left indicates a reduction in quantity demanded at all prices.

In the given scenario there is a shift in demand to the right with increase in 20 lbs of onions.

So at every price level there will be an increase in quantity demanded by 20 lbs.

According to the diagram at price $3 quantity initially demanded was 400 lbs. With the demand shift it will now be 400 + 20 = 420 lbs.

At price $2.10 demand was initially 490 lbs now it will be 490 + 20 = 510 lbs

5 0
3 years ago
A property seller empowers an agent to market and sell a property on his behalf. what is this an example of
aev [14]
It is an example of special agency. It enables the bond of the broker and the principle in which they have a contract of having little control of each other and responsibility. These agency are hired by the seller to be able to reach out for others in selling the seller's property, allowing them to do what they are capable of but the seller has only little control of the broker.
3 0
3 years ago
In preparing its August 31, 2010 bank reconciliation, Adel Corp. has available the following information:
saul85 [17]

Answer: C $22,100

Explanation: Bank Reconciliation

8/31/10 Bank Balance $21,650

Add:

8/31/10 Deposit in transit. $3,900

Less:

8/31/10 Outstanding Chq. $2,750

8/30/10 Rtd Chq. $600

8/31/10 Bank Charges. $100

Cash book balance $22,100

5 0
3 years ago
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