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Novosadov [1.4K]
3 years ago
13

Which of the following would usually be found on a job cost sheet under a normal cost system? Actual direct material cost Actual

manufacturing overhead cost A) Yes Yes B) Yes No C) No Yes D) No No
Business
2 answers:
MrRa [10]3 years ago
7 0

Answer:

Direct materials and actual manufacturing overhead cost,

Explanation:

Normal cost system is a costing system that makes generate the cost of a product with the cost of actual materials , actual direct cost and the actual manufacturing overhead cost , being the costs that are directly related to the production process.

A job cost sheet is used by company to record manufacturing costing. It contains the lists of the items used in production .

iragen [17]3 years ago
6 0

Answer:

A) Yes Yes

Explanation:

A job cost sheet is prepared by the company which depicts the cost of job related to each customer, it clearly shows the customer details, and the details regarding the product or job regarding direct material cost, direct labor cost, manufacturing overhead cost actually incurred for that job.

Therefore, the job cost sheet shows both:

Actual Direct Material Cost and Actual manufacturing cost

Correct option is

A) Yes Yes

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In an open economy, gross domestic product equals $2,450 billion, consumption expenditure equals $1,390 billion, government expe
N76 [4]

Answer:

$735 billion

Explanation:

Calculation to determine the national saving

Using this formula

National saving =Gross domestic product-Consumption expenditure-Government expenditure

Let plug in the formula

National saving=$2,450 billion-$1,390 billion- $325 billion

National saving=$735 billion

Therefore the national saving is $735 billion

7 0
3 years ago
Like-kind property is real property held for investment or use in a trade or business exchanged for real property held for inves
lubasha [3.4K]

Answer:

True

Explanation:

Like-kind property is real property held for investment or use in a trade or business exchanged for real property held for investment or use in a trade or business.

However, Taxpayers must defer gain or loss realized on the exchange of like-kind property.

6 0
3 years ago
One of the authors wanted to determine the effect of changing answers on​ multiple-choice tests. she studied the tests given by
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Ye she’s yensjshiahahs
4 0
3 years ago
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On July 1, an investor holds 50,000 shares of a certain stock. The market price is $30 per share. The investor is interested in
Yakvenalex [24]

Answer:

The strategy the investor should follow is to short 26 contracts of September Mini S&P 500 futures.

Explanation:

Provided information;

Amount of shares of a certain stock =50,000

The market value per share = $30

Portfolio value= P = 50,000 × 30 = $1,500,000

Beta of stock  β  = 1.3

current Index futures price = 1,500

Multiplier = $50

Futures Value A = 1,500 × 50 = $75,000

The formula used in calculating the number of contracts =

Number of contracts N =  (β  ×  P) ÷ Future values

N = (1.3 × $1500000) ÷ $75000

N = $1950000 ÷ $75000

Number of contracts N = 26

The strategy the investor should follow is to short 26 contracts of September Mini S&P 500 futures.

5 0
3 years ago
Activity-based costing uses one plantwide pool and numerous cost drivers departmental pools and a single cost driver. numerous c
kipiarov [429]

Answer:

numerous cost pools and numerous cost drivers

Explanation:

Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

In Financial accounting, one of the most widely used activity-based costing technique is the time-driven activity-based costing.

Time-driven activity-based costing (TDABC) avails business owners the opportunity of reporting their costs on an ongoing basis (real time) which give details about the various cost of doing business, as well as the time spent on them respectively.

Cost pool is simply the amount of money spent by a firm on a particular activity.

Generally, an activity-based costing uses numerous cost pools such as manufacturing cost or customer services and numerous cost drivers such as direct labor hours worked, number of changes used in engineering department, etc.

6 0
3 years ago
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