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3 years ago

A direct cost is a cost that can be easily traced to the particular cost object under consideration. True False

Business

1 answer:

ser-zykov [4K]3 years ago

3 0

Answer:

True

Explanation:

Given the object cost, a direct cost is any cost that can be easily identifiable to the manufacturing process of the good and it is not required to use an allocation method to determine how much of the cost activity should be assigned to the cost object.

The most common direct cost is when a cost object is a single unit produced:

direct materials and direct labors

when the cost object is the sales department, then all cost that can be linked to sales like wages, commissions, rent, and utilities are considered direct while those who arent (cafeteria cost or janitor cost) should be an indirect cost

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You have a checking account and a separate savings account in your neighborhood bank. You’ve recently moved and gave the bank yo

gulaghasi [49]

Answer:

The correct answer is Data Inconsistency.

Explanation:

Data inconsistency refers to the omission or outdated information of a person due to various causes. On the one hand, when data that do not correspond to reality are presented in order to hide the identity or carry out illegal activities; and on the other, the non-update of data that currently differ from the past. Companies normally request information constantly, in order to reduce the inconsistencies of the previously reported data.

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3 years ago

In an economy where the money supply and aggregate demand have been decreased by the central bank, you know that the central ban

natima [27]

In an economy where the money supply and aggregate demand have been decreased by the central bank, you know that the central bank is using a contractionary monetary policy.

In an economy, changes in the money supply leads to changes in aggregate demand. An increase in the money supply increases aggregate demand and a decrease in the money supply decreases aggregate demand.

When a central bank takes action in order to decrease the money supply and increase the interest rate, it is following a contractionary monetary policy. Thus, the central bank requires Southern to hold 10% of deposits as reserves.

Hence, the decrease in the money supply reduces income and raises the interest rate.

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2 years ago

Eaton Electronics uses a periodic inventory system.

aev [14]

The cost of ending inventory of Eaton Electronics on June 30 is $13,600.

<h3>What is the LIFO method?</h3>

The LIFO method values the cost of goods sold based on the assumption that goods sold are from the latest stock.

For example, using LIFO, Easton would have the two TVs sold based on the cost of the May Purchases instead of specific identification.

<h3>Data and Calculations:</h3>

Beginning inventory (2 x $1,500) = $3,000

April Purchases (4 x $1,450) = $5,800

May Purchases (5 x $1,600)= $8,000

Cost of goods available for sale = $16,800

Cost of goods sold (2 x $1,600) = $3,200

Ending inventory = $13,600 ($16,800 - $3,200)

Thus, the cost of ending inventory is $13,600.

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2 years ago

True or False: With the export subsidy, domestic producers will sell steel to domestic consumers and sell the rest abroad.

Bess [88]

The answer to the question of whether the export subsidy would make domestic producers sell steel to domestic consumers and sell the rest abroad is:

False because the domestic producers would not want to sell at a lesser price than what they would have sold abroad.

<h3>What is Export Subsidy?</h3>

This refers to the government policy which is meant to discourage export of goods with the aim of regulating the economy which usually leads to the increase in the amount of customer surplus in the market.

With this in mind, we can see that the export subsidy has to do with the increase in domestic price whereby there is a higher cost for exports for producers.

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2 years ago

Actual indirect materials costs$11,800 $6,700 Actual indirect labor costs 55,600 45,900 Other overhead costs 16,000 49,900 Overh

dusya [7]

Answer:

See below

Explanation:

1. Actual costs = $11,800(indirect material + $55,600(indirect labor) + $16,000(other overhead costs) = $83,400(actual cost)

$91,400(overhead applied) - $83,400(actual cost) = Overhead applied is greater than the actual cost which means that overhead was over applied by $8,000

2. Debit: Manufacturing overhead $8,000

______ Credit: Cost of goods sold $8,000

3. Actual costs = $6,700(indirect material) + $45,900(indirect labor) + $49,900(other overhead costs) = $102,500

$96,700(overhead applied) - $102,000(actual costs) = Overhead applied is less than the actual costs which means that overhead was under applied by $5,800

4. Debit : Cost of goods sold $5,800

_______ Credit: Manufacturing overhead $5,800

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3 years ago