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3 years ago

Which of the following is a characteristic of a perpetual inventory system?

Business

1 answer:

Darina [25.2K]3 years ago

4 0

Answer:

c. Cost of goods sold is recorded with each sale.

Explanation:

In the perpetual inventory system, the inventory is recorded. It helps to keep the inventory records during the particular period.

The examples are purchase, purchase return, sales and sales return and sales discounts and purchase discounts

After each transaction, the inventory and the costs of goods sold are updated after each sale

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Chubbs Inc.’s manufacturing overhead budget for the first quarter of 2017 contained the following data.

r-ruslan [8.4K]

Explanation:

a. Manufacturing overhead Flexible budget report

Budget Actual Favorable (Unfavorable)

Variable cost

Indirect material $11,100 $14,900 $3,800 U

Indirect labor $11,000 $9,600 $1,400 F

Utilities $7,700 $9,100 $1,400 U

Maintenance $5,500 $4,800 $700 F

Total Variable cost $35,300 $38,400 $3,100 U

Fixed expenses

Supervisory Salary $36,700 $36,700 0

Depreciation $6,100 $6,100 0

Property, taxes $7,400 $8,500 $1,100 U

Maintenance $4,900 $4,900 0 U

Total fixed expense $55,100 $56,200 $1,100 U

Total controllable

cost $90,400 $94,600 $4,200 U

b. Manufacturing overhead Responsibility report

Controllable cost Budget Actual Favorable (Unfavorable)

Indirect material $11,100 $14,900 $3,800 U

Indirect labor $11,000 $9,600 $1,400 F

Utilities $7,700 $9,100 $1,400 U

Maintenance $10,400 $9,700 $700 F

Supervisory salaries$36,700 $36,700 0

Total $76,900 $80,000 $3,100 U

8 0

3 years ago

When mik has an absolute advantage in the production of two goods over tommy, mik?

Vesna [10]

When milk has an absolute advantage in the production of two goods over Tommy, Milk IS MORE PRODUCTIVE IN PRODUCING BOTH GOODS THAN TOMMY.
A country or an individual is said to have absolute advantage in producing a good if the person can produce the good more efficiently economic wise.

6 0

3 years ago

DESCRIPTION OF THE LAW OF DEMAND

slamgirl [31]

Answer:

The law of demand states that quantity purchased varies inversely with price. In other words, the higher the price, the lower the quantity demanded

7 0

2 years ago

As Shirley responded to a personnel director's concerns about changing to the health-care plan her firm offered, she said, "I ca

erik [133]

Answer:

<u>Reffeal</u>

Explanation:

A letter of reference is an effective method for establishing clear communication with information needed to clarify possible doubts and bring credibility. It should be written in a formal manner, highlighting the strengths of the message to be conveyed beyond clear, accurate and honest language.

5 0

3 years ago

The managed care plan that is allowed to contract directly with employers to provide health care services is the?

andreev551 [17]

The managed care plan that is allowed to contract directly with employers to provide health care services is the health insurance.

<h3>What is managed care plan?</h3>

Health insurance comes in the form of managed care programs. They have agreements with hospitals and medical centers to provide members with care at lower costs.
These suppliers make up the network of the plan. The policies of the network will determine how much of your care the plan will cover.
Among the several categories of managed health care programs are: maintenance of health organization (HMO) preferred supplier company (PPO) Service location (POS)
The availability of numerous in-network providers, low costs, the provision of credentialed treatment, lower prescription costs, and low cost are some of the most frequently cited advantages of managed care systems.

Learn more about managed care plan here:

brainly.com/question/12446980

#SPJ4

8 0

1 year ago