1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Tomtit [17]
3 years ago
14

A company may use job costing to assign costs to different product lines and then use process costing to calculate uniot costs w

ithin each product line. T/F
Business
1 answer:
andre [41]3 years ago
3 0

Answer:

The statement is "TRUE"

Explanation:

The process costing is used when there is mass production of equal or similar products, it helps to assign all the costs required to produce a line of products.

Job cost is used for calculating costs for different jobs (referring to services) or products (referring to manufacturing). It works under the thought that every job/product is different and the supplies needed are different on each.

Both are methods to calculate costs, the usage of one or another varies depending on the type of business.

You might be interested in
The term "equity carve-out" refers to the situation where a firm's managers give themselves the right to purchase new stock at a
mash [69]

Answer:

b. False

Explanation:

Equity carve- out is an investment strategy executed by corporations. It involves a company selling minority shares through an Initial Public Offerring (IPO) to the external investors with an objective of partially divesting their  subsidiaries or business units . This way, the management would retain majority stake and control over the parent company and sell limited shares of its division to the public.

6 0
3 years ago
Terry Washington recently started a new firm in the financial services industry. Prior to starting his firm, he spent considerab
Pie

Answer:

Industrial Analysis.

Explanation:

Terry Washington recently started a new firm in the financial services industry. Prior to starting his firm, he spent considerable time doing research on the profit potential of the industry. The research that Terry was doing is called <u>Industrial </u>analysis.

Industrial Analysis: It is an analysis or function conducted by the owner of business to understand the dynamics and workflow of any specific industry. It help to know the industrial environment to gain the competitve advantage and potential of the business in the industry. Later on the basis of Industrial analysis, SWOT analysis is conducted to know Strength, weakness, opportunity and threats of a company.

4 0
3 years ago
What is a major function of the public sector
Flauer [41]

Answer:

Public sector provides many services such as; education, health and social care.

3 0
3 years ago
A ________ partner has responsibility or liability for losses beyond their investment, but a ______- partner only has liability
inna [77]

Answer:

1. a GENERAL partner

2. a LIMITED partner

Explanation:

A GENERAL partner has responsibility or liability for losses beyond their investment. They are bound up to the extent of their personal assets incase the partnership is insolvent. They are also responsible in the management and decision-making process in the operation of the partnership. A LIMITED partner on the other hand is only liable in the partnership’s losses up to the extent of his investment in case of partnership’s insolvency. But a limited partner should NOT participate in the management and decision-making process of the operation in the partnership for him to be not liable up to the extent of his personal asset. A limited partner should also be recorded in the articles of the partnership as “LIMITED PARTNER”, otherwise he is liable as general partner.

8 0
3 years ago
Labor and management at Leo Trucking cannot seem to agree upon a contract for the truck drivers. As each side contends that they
jek_recluse [69]

Answer: Distributive bargaining

Explanation: The two sides (Labor and management) are engaged in distributive bargaining as both sides are of the opinion that any gain by the other is a loss. Distributive bargaining is defined as an adversarial competitive bargaining strategy in which one party gains only if the other party loses something and is employed during negotiation in the distribution of fixed resources between both the parties. This is usually because the goals of one party does not align or are against the goals of the other party resulting in a win-lose situation.

3 0
3 years ago
Other questions:
  • Intangible assets derived mostly from human capital are on the rise, according to the advisory firm Ocean Tomo. A study of the S
    7·1 answer
  • If george lilly begins to irrigate his farm and this significantly lowers the water elevation in his well, what could this mean
    11·1 answer
  • High-Tech Computer Services provides services to corporate and individual customers. During the month of June, the corporate bus
    7·1 answer
  • The Leontieff Paradox: Seleccione una: a. Refers to the finding that the U.S. produces outside its Edgeworth Box b. Refers to th
    5·2 answers
  • One disadvantage of relational contracting is that it may cause firms to abandon established relationships. a. True b. False
    7·1 answer
  • Locus Company has total fixed costs of $112,000. Its product sells for $35 per unit and variable costs amount to $25 per unit. N
    8·1 answer
  • Metro Event Planning Services collects fees from its customers in advance. On January​ 1, 2019, the balance of its Unearned Reve
    5·1 answer
  • Consider the following three-step worker-paced line: Each step employs a single worker. The setup time is fixed per order (batch
    5·1 answer
  • If a company strictly complies with existing laws, the firm will group of answer choices fulfill some business ethics obligation
    8·1 answer
  • Paula has completed a mortgage application and provided evidence of employment, income, assets owned, and existing debt to the p
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!