Answer:
The way the costs of direct labor and factory overhead applied are treated in a process costing system is different from their treatment in a job costing system. In process costing system, they are debited to the Work in Process account.
The reason for this is that in process costing, costs are not directly attributable to individual jobs. Instead, costs are accumulated in Work in Process before they are assigned to individual production units.
Explanation:
Job order costing system accumulates costs for individual jobs while a process costing system accumulates costs in the Work in Process account and then allocates the costs to individuals units of production. The difference depends on the nature of the two systems and how possible it is to identify the costs and attribute them to individual jobs or units.
Answer:
c) The seller's share of $2,525.76
Explanation:
The computation is shown below:
= Due amount × given number of days ÷ total number of days in a year
where,
Due amount is $3,200
Given number of days is calculated from Jan 1 to October 15 i.e
= 31 days in January + 28 days in February + 31 days in March + 30 days in April + 31 days in May + 30 days in June + 31 days in July + 31 days in August + 30 days in September + 15 days in October
= 288 days
So, the amount is
= $3,200 × 288 days ÷ 365 days
= 2,524.93
i.e 2,525.76
Answer:
E) culture.
Explanation:
Culture is a very broad term that describes how the people that live in a country, region or even work at an organization, carry out their normal day to day activities, their shared values and beliefs, their preferences about what is considered good and useful vs. what they consider unacceptable and bad. It includes the general values, attitudes, moral beliefs and customs shared by them.
Answer:
The company should accept the special order.
Explanation:
The company has the capacity to produce 20,000 units and It is currently only producing 13,000 units.
The company can produce in addition of 7,000 units (more than the number of units from special order)
The revenue of special order: 6,500 x $62 = $403,000
Revenue of special order - Incremental cost of accepting the special order = $403,000 - $382,000 = $21,000 >0
The company gains $21,000 on special order => The company should accept the special order.