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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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The law of increasing opportunity costs states that Group of answer choices increases in the production of one good require larg
jeyben [28]

Answer:

Increases in the production of one good require larger and larger sacrifices of the other good

Explanation:

Option first is correct because the opportunity cost refers to the sacrifice of another commodity in order to increase the production of one commodity. For example, if a country produces two commodities that are wheat and paddy. So if the country wants to increase the production of wheat then it has to decrease the production of paddy. Thus, the magnitude of decrease of paddy is the opportunity cost of wheat. Therefore, option A is correct.

8 0
3 years ago
Chhom Corporation makes a product whose direct labor standards are 0.9 hours per unit and $30 per hour. In November the company
ZanzabumX [31]
Idk this one I’m look up
4 0
3 years ago
Nouveaux Co. was incorporated at the beginning of this calendar year. Its articles of incorporation authorize 500,000 shares of
neonofarm [45]

Answer:

D) 270,000

Explanation:

The computation of the outstanding number of shares is shown below:

= (Issued shares - treasury shares)  × stock split ratio

= (100,000 shares - 10,000 shares) × 3

= 90,000 shares × 3

= 270,000 shares

Simply we deduct the treasury stock from the issued shares and then multiply it by the stock split ratio so that the correct amount of outstanding shares can come

7 0
3 years ago
The economizing problem is essentially one of deciding how to make the best use of Group of answer choices limited resources to
IceJOKER [234]

Answer:

limited resources to satisfy virtually unlimited wants.

Explanation:

The economic issue is basically that of determining whether to allow the most use of finite capital to meet limitless human needs.

Person has limitless wishes, which are seldom fulfilled, in economics studies involve how to offer greater pleasure with limited resources or how to allow effective use of limited resources.

5 0
3 years ago
On January 1, 2018, Jacob Inc. purchased a commercial truck for $48,000 and uses the straight-line depreciation method. The truc
Norma-Jean [14]

Answer:

option (D) loss, $3,000

Explanation:

Given:

price of the truck = $48,000

estimated residual value = $8,000

Exchange price of the truck = $60,000

Trade allowance = $35,000

Since, straight line depreciation is given, thus,

Total depreciation = \frac{\textup{48,000−8,000}}{\textup{8}}

or

Total depreciation = $5,000 per year

Therefore,

the book value after two years

= Price of truck - total depreciation in two years

or

= $48,000 − ($5,000 × 2 years)

= $38,000

Now,

a trade allowance received ( i.e $35,000 ) is less than the book value

therefore a loss is recorded

The amount of loss = (Book value - trade allowance received)

or

The amount of loss =  $38,000 - $35,000 = $3,000

Hence, correct answer is option (D) loss, $3,000

5 0
3 years ago
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