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3 years ago

Which one of the following statements is true?

1 answer:

n200080 [17]3 years ago

8 0

The Statements-In a job-costing system, individual jobs use different quantities of production resources, In a process-costing system each unit uses approximately the same amount of resources.-Both the statement are True

(D) Both (a) and (b) are true.

Explanation:

A job costing system is a system in which the cost associated with a particular job is calculated.This information is important in order to submit the cost information to the customer under a contract

For example:Job costing is required for deriving the cost of construction of a building,for designing a software

Process costing is a term that is used in cost accounting.

It is used to calculate the manufacturing cost of a Product.

A processing cost system is used during the mass production of the identical units .

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Expansionary fiscal policy is so named because it:_________.

alukav5142 [94]

Answer:

B. is designed to expand real GDP.

Explanation:

Expansionary fiscal policy is a term used in economics, it refer to the fiscal policies which aim to expand or grow economy. Measure been taken to increase demand of goods and services in the market, through increasing governement spending, decreasing taxes and various other changes in policies, so that economy can grow. Expansionary policy can be either of fiscal policies or Monetary policies.

4 0

3 years ago

Revenue or income, minus departmental expenses and undistributed expenses equals:

mixer [17]

Departmental income can be considered the contribution of revenues to profits because it is computed after deducting the direct costs of providing the service or product. Subtracting all of the undistributed operating expenses from total revenues results in gross operating profit per available room (GOPPAR).

8 0

4 years ago

Miller’s Dairy produces 960 gallons of milk per day. Each milker at the dairy works 8 hours per day and produces the same number

IrinaK [193]

Answer:

The correct answer is option b.

Explanation:

A dairy is producing 960 gallons of milk per day.

Each milker works 8 hours and produces the same amount of milk.

For per hour of labor the diary produces 12 gallons of milk.

Quantity of milk produced by a labor in 8 hours

= $Production\ in\ one\ hour\times No.\ of\ hours$

= $12\times 8$

= 96 gallons

The number of workers required to produce 960 gallons per day

= $\frac{Total\ daily\ Production}{Daily\ production\ by\ each\ labor}$

= $\frac{960}{96}$

= 10 workers

6 0

3 years ago

A $100 petty cash fund has cash of $17 and receipts of $86. The journal entry to replenish the account would include a :

Paladinen [302]

Answer:

The correct option is C, credit to cash over and short for $3

Explanation:

The requirement targets the balancing entry in the cash account,with cash of $17 in the petty cash account coupled with receipts of $86, the total amount in the petty cash is $103 ($86+$17) and the established float is just $100, which implies that the petty cash has an excess fund of $3 that must be returned to the main cash account.

The excess is the difference between $103 cash in the petty cash account and the maximum float of $100($103-$100)

4 0

4 years ago

Read 2 more answers

Blue Hamster Manufacturing INC, is a small firm, and several of its managers are worried about how soon the firm will be able to

Eddi Din [679]

Answer and Explanation:

1. The computation is shown below:-

Year 0 Year 1 Year 2 Year 3

Expected Cash flow ($6,000,000) $2,400,000 $5,100,000 $2,100,000

Cumulative Cash

flow ($6,000,000) ($3,600,000) $1,500,000 $3,600,000

Conventional Payback

Period 1 0.71

For the computation of cumulative cash flow for the first year, we simply deduct expected cash flow the Year 0 from Year 1 for the second year we added the Cumulative cash flow of year 1 with the expected cash flow of year 2 and for third year we added Expected cash flow of year 3 with a cumulative cash flow of year 2

and for conventional payback period for year 1

Conventional Payback Period = 1 + ($3,600,000 ÷ $5,100,000)

= 1 + 0.71

= 1.71 year

2. The computation is shown below:-

Year 0 Year 1 Year 2 Year 3

Expected Cash flow ($6,000,000) $2,400,000 $5,100,000 $2,100,000

Discount factor at

9% 1 0.91743 0.84168 0.77218

Discounted Cash

Flow ($6,000,000) $2,201,835 $4,292,568 $1,621,585

Cumulative Discounted

Cash Flow ($6,000,000) ($3,798,165) $494,403 $2,115,988

Discounted Payback

Period 1 0.88

Conventional Payback Period = 1 + ($3,798,165 ÷ $4,292,568)

= 1 + 0.88

= 1.88 year

3. B. Discounted Payback Period.

The payback period is the period in which it tells in how many years the initial investment amount could be recovered and the discounted payback period is the period in which the cash outflows and the cash inflows are discounted

4. B. $2,115,988 which shows the more than the higher the cash inflow above the project investment value.

4 0

3 years ago