Answer: See explanation
Explanation:
The balance on the job cost sheets for each job will be:
Job 765:
Direct materials = $6160
Direct labor = $1848
Overhead cost = 22 × $107 = $2354
Total job cost = $6160 + $1848 + $2354 = $10362
Job 766:
Direct materials = $13338
Direct labor = $4212
Overhead cost = 78 × $107 = $8346
Total job cost = $13338 + $4212 + $8346 = $25896
Answer:
Customer and Product Margin under Activity-based Costing and Traditional Costing
True Statements:
1. If a customer orders more frequently, but orders the same total number of units over the course of a year, the customer margin under activity based costing will decrease.
2. If a customer orders more frequently, but orders the same total number of units over the course of a year, the product margin under a traditional costing system will be unaffected.
Explanation:
Customer Margin is the difference between the total revenue generated from a customer minus the acquisition and service costs. In the above instance, the customer margin decreases because of the costs of servicing the customer's frequent orders. Customer service costs are usually higher with more frequent orders, when activity-based costing is employed because frequent orders increase the activity level and the associated costs.
Product Margin is the profit margin generated per product. It is the markup on the cost of the product. It shows the difference in amount between the selling price and the manufacturing cost. Frequent orders cannot change the product margin under the traditional costing technique unlike it does with the activity-based costing technique.
National saving is the nation's income that is left after paying for current consumption and government purchases, that is S = Y-C-G.
What is national saving?
National saving (saving) is the portion of the economy's total income that is left over after paying for consumption and government expenditures. individual saving the amount of money that households have after paying for expenses like taxes and expenditures.
How does national savings affect our economic growth?
Larger investments resulting from stronger GDP growth would be produced by an increase in overall savings. The high savings rates have the effect of increasing capital and boosting the nation's economic growth.
Learn more about national saving: brainly.com/question/15109837
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