<span>Process costs are costs that limit the occurrence of defects and imperfections. Process costing is an accounting methodology that traces and accumulates direct costs, and allocates indirect costs of a manufacturing process. ... It is a method of assigning costs to units of production in companies producing large quantities of homogeneous products.</span>
Answer:
D. You shop around and buy a pair of the exact same designer jeans at a thrift shop, and they cost virtually nothing.
Explanation:
Good money burn refers to the effective use of money, rather than just spending it on some useless stuff.
Here in the given instance the following is the explanation for the given instance:
Option A states that the jeans is just bought for completing the desire, it does not have any difference in the product even if the product can be bought on sale after some days.
Option B is still better than the first day.
Further in option c buying the jeans without any label might not be a good decision as it might have poor quality.
Option D is the best as it is the same jeans but at the least possible cost.
Answer:
Please find the detailed answer as follows:
Explanation:
a) Predetermined overhead rate = Estimated manufacturing overhead cost / Estimated total units in the allocation based
Predetermined overhead rate = 600,000 / 500,000 = 1.2 perunit
b) Total fixed cost spending variance = Actual fixed overhead cost - Estimated overhead cost
= 599,400 - 600,000
= 600 (F) Favourable
c) Total fixed cost volume variance = Actual fixed overheads - Estimated fixed overheads
Actual fixed overheads = Estimated fixed overhead rate * Actual units produced
= 1.2 * 508,000 = $609,600
Total fixed cost volume variance =$ 609,600 - $600,000 = $9600 (F) Favourable
Answer:
The total payroll taxes for employee withheld for the current month will be $481.25 .
Explanation:
The social security tax and medicare tax will be calculated on the employee ( George glass ) earnings $2500 for the current month.
SOCIAL SECURITY TAX = $2500 X 6.2%
= $155
MEDICARE TAX = $2500 X 1.45%
= $36.25
Here federal unemployment compensation taxes won't be calculated on the employee's current , as these taxes will be paid by the employer.
In the total tax we will include federal income tax and state income taxes, so total payroll taxes would be -
= social security tax + medicare tax + federal income tax + state income tax
= $155 + $36.25 + $250 + $40
= $481.25
