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3 years ago

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, the cost object of a job order is the specific job assigned; while the cost object of a process costing system is the process itself.

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Phillips NV produces DVD players and exports them to the United States. Last year the exchange rate was $1.25/euro and Phillips

vichka [17]

Answer: The exchange rate pass through is 41.7 = 6.666666667%÷16%

Explanation:

Currently, from last year to the current year, there has been a 16% increase change in the exchange rate and a 6.667% change in the price. The exchange rate pass through is 41.7 = 6.666666667%÷16%

For every increase in 1% of the exchange rate, there has been a 41.7% increase in the current price of the DVD player.

5 0

3 years ago

The following does not describe the matching principle

Marizza181 [45]

Answer: The correct answer is c. Expenses are reported on the income statement when cash is paid.

Explanation: Matching principle states that expenses are matched with the related revenue in the same period, that is, expenses incurred to generate related revenue are recorded during the same time interval the related revenue is recorded in order to show the true and fair position of the profitability of the company.

Based on the above definition, only option C does not align with the matching principle because expenses should be recorded in the income statement when incurred and NOT when cash is paid. If it is recorded when cash is paid, it means cash basis of accounting is being applied.

8 0

3 years ago

. A one-product firm estimates that its daily total cost function (in suitable units) is C (x) = x^3 - 6x^2 + 13x + 15 and its t

givi [52]

Answer:

Value of x maximising profit : x = 5

Explanation:

Cost : C(x) = x^3 - 6x^2 + 13x + 15 ; Revenue: R(x) = 28x

Profit : Revenue - Cost = R(x) - C(x)

28x - [x^3 - 6x^2 + 13x + 15] = 28x - x^3 + 6x^2 - 13x - 15

= - x^3 + 6x^2 + 15x - 15

To find value of 'x' that maximises total profit , we differentiate total profit function with respect to x & find that x value.

dTP/dx = - 3x^2 + 12x + 15 = 0 ► 3x^2 - 12x - 15 = 0

3x^2 + 3x - 15x - 15 = 0 ► 3x (x +1) - 15 (x + 1) = 0 ► (x+1) (3x-15) = 0

x + 1 = 0 ∴ x = -1 [Rejected, production quantity cant be negative] ;

3x - 15 = 0 ∴ 3x = 15 ∴ x = 15/3 = 5

Double derivate : d^2TP/dx^2 = - 6x + 12

d^2TP/dx^2 i.e - 6x + 12 at x = 5 is -6(5) + 12 = - 30+ 12 = -8 which is negative. So profit function is maximum at x = 5

8 0

3 years ago

When preparing a merchandise purchases budget, the required purchases in units equals: Select one: a. budgeted unit sales + begi

miskamm [114]

Answer:

b. Budgeted unit sales - beginning merchandise inventory + desired merchandise ending inventory.

Explanation:

Since, the total purchases in units means the number of units that the company needs to buy after maintaining the necessary closing inventory to meet the budgeted sales. The total units required should therefore be equal to the total of the budgeted sales units and the units for the closing of inventory.

Also, if the opening inventory exists out of the total units required, then that number of merchandise does not need to be purchased as it already exists.

Therefore to reach the required purchase unit we need to add budgeted unit sales and desired merchandise ending inventory and deduct the beginning merchandise inventory.

So, the correct option is b.

8 0

3 years ago

When they need stronger horizontal alignment or cooperation to meet goals, functionally designed organizations should adopt a __

jekas [21]

The answer to the question is "MATRIX Structure".

The Matrix structure is a structure when the organization needs a stronger horizontal alignment or cooperation to meet goals, functionally designed organizations should adopt this structure. This type of structure is a combination of functional and divisional chains.

3 0

3 years ago

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

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