All categories

3 years ago

Match the following statements to the appropriate terms.

Business

1 answer:

steposvetlana [31]3 years ago

7 0

Answer:

Production Cost Report;Cost Reconciliation schedule,Equivalent units of Production;Unit Production Costs;Physical Units

Explanation:

Production Cost Report:A summary of both production quantity and cost data for a production department.

Cost Reconciliation schedule:Shows that the total costs accounted for equal the total costs to be accounted for.

Equivalent units of Production:Work done during a period expressed in fully completed units.

Unit Production Costs: Costs expressed in terms of equivalent units of production.

Physical Units:Actual units to be accounted for during a period, irrespective of any work performed.

Total Units Accounted for:Units transferred out during the period plus units in ending work in process.

Total manufacturing cost per unit:Unit materials costs plus unit conversion costs.

Units Transferred out:Total units accounted for minus units in ending work in process.

You might be interested in

Sheridan Company uses the percentage-of-receivables method for recording bad debt expense. The Accounts Receivable balance is $2

Lady_Fox [76]

The adjusting entry that Sheridan Company will make if the Allowance for Doubtful Accounts has a credit balance of $2500 before adjustment is:

Debit Bad Debt Expense $10,000

Credit Allowance for Doubtful Accounts $10,000

Sheridan Company Adjusting Journal entry

Debit Bad Debt Expense $10,000

Credit Allowance for Doubtful Accounts $10,000

[($250,000 × 0.05) - $2,500]

[($12,500- $2,500)=$10,000]

(To record Allowance for Doubtful Accounts)

Learn more here:

brainly.com/question/15683850

5 0

2 years ago

Sierra offers to sell Alyssa a Scottish terrier puppy for $800. Alyssa and Sierra do not discuss the dog’s ancestry, but Alyssa

lisabon 2012 [21]

Answer:

Probably not, because Alyssa made a mistake about the dog's value, not a mistake about material fact.

Explanation:

When Sierra offered to sell the dog to Allysa, Allysa failed to discuss the ancestry of the puppy. She wrongly believed the dog came from a line of champions.

On finding out the dog is only worth $200, she will not be able to rescind the contract because the onus to ask all relevant questions about the purchase before accepting is on her.

She made the mistake of assuming the dog was worth $800. She made a mistake about the dog's value and not the material fact.

7 0

3 years ago

Read 2 more answers

Jane Westerlund owns a picture-framing store, The Caplow Co. The average price she receives for a framed picture is $120. This p

Olegator [25]

Answer:

this would cause total costs to Increase and the break-even quantity to Increase.

Explanation:

Total Cost is the Sum of All Manufacturing and Non-Manufacturing Cost of a product.

Advertising expense before adjustments are at $500. The cost of advertising does not vary with the sales quantities therefore this is a fixed cost.

Therefore an Increase in the advertising expense causes an increase in Total cost figure.

Break even quantity is a function of Fixed Costs divided by Contribution per unit.The break even quantity will definitely change. By increasing the fixed costs (<em>Advertising Expense</em>), the Break even quantity will increase.

5 0

2 years ago

Read 2 more answers

Which of the following is a characteristic of an unstructured interview?

Dennis_Churaev [7]

Answer;

C. Common in small businesses

Explanation;

-Unstructured Interview refers to an interview in which the questions to be asked to the respondents are not set in advance. These non-directive interviews are considered to be the opposite of a structured interview which offers a set amount of standardized questions.

-Unstructured interviews are much more casual and unrehearsed. They depend on free flowing conversation which tends to focus on your personal qualities as they relate to the work.

5 0

2 years ago

Read 2 more answers

Is debt finance the same as debt capital?

sveticcg [70]

Answer:

no they are not the same hope this helps

7 0

3 years ago