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Usimov [2.4K]
3 years ago
9

A form prepared periodically for each processing department summarizing (1) the units for which the department is accountable an

d the units to be assigned costs and (2) the costs charged to the department and the allocation of these costs is termed a A. factory overhead production report B. cost of production report C. manufacturing cost report D. process cost report
Business
2 answers:
Kruka [31]3 years ago
4 0

Answer:

B. cost of production report

Explanation:

The cost of production report summarizes all cost activities and its allocation in a department within a specified period of time. It contains the cost for each unit, amount of unit flow, difficulties faced during production.

The factory overhead production report compares actual fixed and variable cost to standard fixed and variable costs. Fixed cost are rent, taxes while variable cost are indirect labor, utilities.

manufacturing cost report contains all costs involved during the manufacturing of a goods such as cost of raw materials and direct labor.

process cost report summarizes the quantity of goods produced in each department as well as the cost incurred by each department.

polet [3.4K]3 years ago
3 0

Answer:

B) cost of production report

Explanation:

Cost of production report: This is a form prepared periodically that summarizes the total cost of manufacturing a product. The cost of production report includes the costs charged to processing department and the allocation of these costs, units for which processing department is accountable and the units to be assigned costs.

It is the record of the cost of production of an item produced in a company.

The cost of production report consist of 4 major sections;

1) physical flow account

2) Equivalent production

3) Cost to account

4) Cost accounted

Each sections has various subsections recorded underneath.

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Strategically thinking, why might management opt for other than the most economical choice
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Answer:

Management might opt for other than the most economical choice because:

- Controlling. E.g. Franchise can be helpful to increase earnings fast but the uncertainly of quality supplied by franchisees can hurt a firm in the long run.

- Branding. E.g. Some firms have a reputation for their hand-made products. Industrialized production can reduce cost per unit and increase productivity but the brand surely is affected.

Explanation:

6 0
3 years ago
Jim has part ownership in a house. He has decided to sell his interest. He signs an agreement with a local real estate designate
Scilla [17]

Answer:

joint tenant

Explanation:

Based on the information provided within the question it seems that Jim is most likely holding his part ownership as joint tenant. This is a unique type of ownership in which more than one individual share ownership of a property. These individuals share the exact same amount of rights to do with the property as they wish. Which is why Jim was able to sign away his part of the ownership without informing the other owners.

3 0
3 years ago
He business decisions of a corporation are made by whom?
Sauron [17]
C. A board of directors :)
6 0
2 years ago
A seller received a rental payment of $100 in advance. At closing, the seller has "earned" only $32 of this rent. What should ap
allsm [11]

Answer:

$68 appears as the amount unearned but received (or still paid in advance) in the closing statement

Explanation:

Amount received in advance = $100

Amount earned = $32

Amount (in advance at closing) is the difference between the amount originally paid in advance and the amount earned

Amount (in advance at closing) = $100 - $32

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The amount that will appear in the closing statement as rental payment still in advance is $68.

3 0
2 years ago
"Maple Corp. had net sales of​ $217,550 for the year ended December​ 31, 2017. Its beginning and ending total assets were​ $94,2
BaLLatris [955]

Answer:

2.09

Explanation:

Asset ratio is  a business tool used to measure the efficiency of assets towards sales generation by comparing net sales to average total assets.

It is calculated by dividing the net sales by average total assets.

The average total assets is used in order to make allowance for fluctuation in the course of business year

<u>Workings</u>

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7 0
3 years ago
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