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kap26 [50]
3 years ago
8

The cost object in a job order system is the ______ and the cost object in a process costing system is the ______.

Business
1 answer:
nordsb [41]3 years ago
6 0

Answer:

The correct word for the blank space is: specific job; process.

Explanation:

The cost object represents the cost of an object or department for which that cost is assigned. For instance, the repairs department of a dealership is a cost object of the repairs employees and the repair supplies. Cost objects are usually traceable thus are treated as direct costs for accounting purposes.

Then, <em>the cost object of a job order is the specific job assigned</em>; <em>while the cost object of a process costing system is the process </em>itself.

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A British-made automobile is priced at £20,000 (20,000 British pounds). A comparable U.S.-made car costs $27,200. One pound trad
ira [324]

Answer:

The overview of the given situation is described in the explanation section below.

Explanation:

(1)...

The actual exchange rate from either the viewpoint of U.S:

= 0.867

<u>Working:</u>

As per the British automobiles cost will be:

=  £20,000 x $1.50/£ or $30,000

And the US car's cost compares to either the Uk car will be:

= \frac{26,000}{30,000}

= 0.867

It demonstrates that the US car seems to be cheaper or affordable.

(2)...

From either the Uk view the actual exchange rate will be:

= 1.154  

<u>Working:  </u>

US automobile worth in pounds is equivalent to,

= \frac{26,000}{1.50}

= £17,333.  

The Uk vehicle's price compared to the US car currently amounts to,

= \frac{20,000}{17,333}

= 1.154

(3)...

Cars or Automobiles are competitively priced in the US.

<u>Explanation:</u>

British vehicle exceeds,

= \frac{20,000}{17,333}

= 1.154 compared to the U.S car.

It also means that perhaps the British car is much more costly, and as such the U.S. car becomes valued more highly competitive.

3 0
3 years ago
The aspect of business ethics that examines business institutions from a social rather than an individual perspective is referre
butalik [34]
It is referred to as DECISION MAKING FOR SOCIAL RESPONSIBILITY. Social responsibility has to do with people and organizations behaving and conducting business ethically and with sensitivity toward cultural, economic, social and environmental issues. 
4 0
3 years ago
A company purchased new equipment for $48,000. The company paid cash for the equipment. Other costs associated with the equipmen
brilliants [131]

Answer:

The cost recorded will be $53,400

Explanation:

In this question, we are to give the value of the amount recorded as the cost of the new equipment.

By simply doing some additions, we will be okay.

mathematically, this would be

Cost of equipment recorded = cost of equipment + transportation cost + sales tax + installation cost = 48,00 + 1,200 + 2,500 + 1,700 = $53,400

4 0
3 years ago
If the price of Italian shoes imported into the United States increases, then a. both the GDP deflator and the consumer price in
goldfiish [28.3K]

Answer: The consumer price index will increase, but the GDP deflator will not increase.

Explanation:CPI(Consumer p ice index) is a concept used in Macroeconomics to mean the weighted average of the prices of

A basket of consumer goods and services.

GDP(gross domestic product) Is the value of the entire goods and services rendered within an economy over a given period of time.

GDP Deflator determines the price changes of all goods and services produced within an country.

As the price of Italian shoes imported into the Unites States of America rises the CPI INCREASES BUT THE GDP DEFLATOR WILL NOT INCREASE.

6 0
3 years ago
Meryl, a training manager, is making a presentation to her company's business leaders. She says meeting the company's five-year
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Answer:

The correct answer is "the company has not budgeted sufficient funds for training".

Situational constraints are the factors that affect the behavior and performance in a negative way by placing limitation on personal attributes and motivation. Example - lack of equipment, money, material, etc. In this scenario, employees and supervisors are eager to learn about using new technology but the only constraint that is likely to stand in a way meeting the objective is that the company has not budgeted sufficient funds for training.

6 0
3 years ago
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