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4 years ago

Period costs include

Business

1 answer:

gayaneshka [121]4 years ago

3 0

Answer:

d) operating costs that are shown on the income statement in the period in which they are incurred.

Explanation:

A period cost is that which does not relate to a particular product but rather to a passage of time.

Period costs are often costs that a firm would incurred simply because it is operational and not because goods are sold. For example, whether or not a bakery produces bread, it will have to pay for rent , salaries of administrative workers, provide for depreciation of plant and machines e.t.c.

Period costs are charged are charged to the income statement as expense in the period in which they are incurred. A very popular example of period costs are selling and administrative overheads

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Answer the following statement true (T) or false (F).

Mars2501 [29]

Answer:

False

Explanation:

Igor did nothing wrong. He performed a reverse engineering process which is totally legal. A reverse engineering process happens when a manufactured object is deconstructed in order to find out how it was designed or manufactured.

This process is very similar to scientific research, only that it is carried out on man made objects.

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3 years ago

Cow’s Milk Creamery, Inc., needs a certain part for its pasteurizing equipment to continue its operations and orders one for $3,

Lostsunrise [7]

D.) I think I hope I helped

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4 years ago

A company decides to close down its plastics division. It has on hand 20 tons of styrene monomer, a raw material that has a mark

Elena-2011 [213]

Answer:

$16,000

Explanation:

With regards to the above information, we are only concerned with calculating the value of 20 tons of styrene to the company, hence other information are not relevant.

The total value of the 20 tons of styrene monomer to the company would be ;

= 20 tons of styrene monomer × Market price of styrene monomer per ton

= 20 × $800

= $16,000

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3 years ago

Ferguson Company recognized $400 of estimated manufacturing overhead costs at the end of the month. How does this transaction af

nadezda [96]

Answer:

This leads to a reduction in net income

Explanation:

Manufacturing overheads refer to those costs which indirectly relate to a good's production. Examples of manufacturing overheads would include depreciation charged on equipments used for production, rent of the factory wherein production takes place.

The effect of recognition of $400 of estimated manufacturing overheads would be reduction in net income since their recognition raises the cost of production which reduces gross profit. Consequently this would reduce the net income.

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4 years ago

Large data units are broken into smaller pieces by a process called

dsp73

The answer in the description above is segmentation. This is the process of which large data undergone into having their properties to be broken into small pieces in which will help in having them to fit with a specific TCP segment.

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3 years ago