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Gnom [1K]
3 years ago
12

The standard cost card for one unit of a finished product shows the following: Standard Quantity or Hours 12 feet 1.5 hours Stan

dard Price or Rate Direct materials Direct labor Variable manufacturing overhead 1.5 per foot S 12 per hour $ 8per hour hours If the total standard variable cost for one unit of finished product is $78, then the standard price per foot for direct materials is:
A)S3
B) $5
C)$2
D)S4
Business
1 answer:
mixas84 [53]3 years ago
7 0

Answer: $4. That is D

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How is a contingent liability reported if it is considered ""reasonably possible?""
viva [34]

This is because a loss would be recorded (debit) and liability established (credit) in advance of the settlement.

Responsibility is the responsibility of the individual or company and is usually the amount. Debts are settled over time by the transfer of economic interests, including money, goods, or services. The liabilities shown on the right side of the balance sheet include loans, liabilities, mortgages, income receivable, borrowings, guarantees, and accrued expenses.

Liability can be compared to assets. Debt is what you owe or owe. An asset is something you own or owe.

Main findings

Responsibility (generally) is something that owes someone else.

Liability may also mean legal or regulatory risk or obligation. In

accounting, companies compare liabilities to assets.

Current liabilities are short-term financial liabilities of companies that are due within a year or within the normal business cycle (such as accounts payable).

Long-term (long-term) liabilities are liabilities that are recorded on the balance sheet and are due within one year.

Learn more about Liability here: brainly.com/question/24534918

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3 0
2 years ago
Match each of the following characteristics that describe financial accounting, managerial accounting, both financial and manage
ella [17]

Answer:

1. Managerial accounting

2. Financial accounting

3. Both financial and managerial accounting.

4. Financial accounting

5. Financial accounting

6. Financial accounting

7. Financial accounting

8. Managerial accounting

9. Managerial accounting

10. Both financial and managerial accounting.

11. Neither financial nor managerial accounting.

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP). Examples of financial statements includes Balance sheet, cash-flow and income statement.

Managerial accounting also known as cost accounting is an accounting technique focused on identification, measurement, analyzing, interpretation, and communication of financial information to managers for better decisions making and pursuit of the organization's goals.

1. Managerial accounting: Is future oriented.

2. Financial accounting: Is used primarily by external parties.

3. Both financial and managerial accounting: Is relied on for making decisions.

4. Financial accounting: Is historical in nature.

5. Financial accounting: Has reports that can be obtained through the company website or requested from the company CFO for publicly traded companies.

6. Financial accounting: Is reported in aggregate for the company as a whole.

7. Financial accounting: Has reports that may be created daily or even in real time.

8. Managerial accounting: Is used mostly by managers within the company.

9. Both financial and managerial accounting: Must be accurate to help decision makers.

10. Neither financial nor managerial accounting: Is always available on the Internet to any interested party.

5 0
3 years ago
What is the present value of a series of payments received each year forever, starting with $1,000 paid one year from now and th
Ivanshal [37]

Answer:

Calculate PV of a 10-year annuity discounted at 6% interest rate; PV = $11,040.13.

Explanation:

8 0
2 years ago
Which of the following best describes the current ratio?
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Answer:

c. liquidity ratio

Explanation:

Liquidity means having cash or access to cash readily available to meet obligations to make  payments.

For the purpose of ratio analysis, liquidity is measured on the assumption that the only sources of

cash available are:

Cash in hand or in the bank, plus

Current assets that will soon be converted into cash during the normal cycle of trade.

It is also assumed that the only immediate payment obligations faced by the entity are its current  liabilities.

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Based on the above discussion, the answer is c. liquidity ratio

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3 years ago
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What is pulchritude​
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Answer: it means beauty

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