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Rama09 [41]
3 years ago
13

In a process costing system, which of the following would be TRUE?a.There is no need to track materials to processes.b.There is

no need to use time tickets to assign costs to processes.c.A process costing system is more expensive to maintain because it has more work-in-process accounts.d.All of these choices are true.
Business
1 answer:
Allushta [10]3 years ago
3 0

Answer:

d.All of these choices are true.

Explanation:

In a process costing system, a.There is no need to track materials to processes.b.There is no need to use time tickets to assign costs to processes.c.A process costing system is more expensive to maintain because it has more work-in-process accounts.d.All of these choices are true . All of the choices given are true .

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Lasley Cash, Ltd. operates a chain of exclusive ski hat boutiques in the western United States. The stores purchase several hat
yKpoI14uk [10]

Answer:

CMR: 52% --> each dollar of sales generates 52 cent of contribution

VCR: 48% --> 48 cent per dollar of sales are cost

BEPu:    10,000 units will pay up the cost to purchasethis units and the fixed cost for the business.

BEPs: $ 250,000 in sales pay up both, fixed and varible operating cost.

Explanation:

selling price per hat:  $ 25

variable cost per hat: $  12

Contribution per unit $  13

Contribution Ratio:

13/25 = 0.52

Variable cost Ratio:

12/25 = 0.48

Fixed cost: 130,000

Break even point:

\frac{Fixed\:Cost}{Contribution \:Margin \:Ratio} = Break\: Even\: Point_{dollars}

\frac{130,000}{0.52} = Break\: Even\: Point_{dollars}

dollars of sales BEP: 250,000

\frac{Fixed\:Cost}{Contribution \:Margin} = Break\: Even\: Point_{units}

\frac{130,000}{13} = Break\: Even\: Point_{units}

units sold to pay up variable and fixed cost: 10,000

4 0
3 years ago
Is the futures price of a stock index greater than or less than the expected future value of the index? Explain your answer.
stepan [7]

Answer:

It can be greater as well as less.

Explanation:

1st of all we should know what is Future Price and what is Stock Index.

The futures price can be more or less that the predicted fee.

When futures costs are lower than predicted price spot fees, the situation is known as normal backwardation.

When futures prices are higher than anticipated spot charges, it is called normal contango

8 0
3 years ago
The reserve requirement is 20%. Leroy receives $1,000 as a graduation present and deposits the money in his checking account. Th
Eddi Din [679]

Answer:

Maximum expansion in money supply    = $5,000

Explanation:

The fractional banking system requires banks to keep a percentage of their total deposit as reserve and lend the rest as loans and advances

The total maximum amount that can be created by the bank is equal TO the amount of deposit multiplied by the creation multiplier.

The multiplier = 1/reserve ratio

Maximum amount = 1,000 × 1/0.2

                           = $5,000

5 0
3 years ago
Suppose that you are a student worker in the statistics department and they agree to pay you using the random pay system. Each w
artcher [175]

Answer:

The probability of getting paid more than $6500 in 100 weeks is 0.6%

Explanation:

In this problem, we need to define a probabilty distribution for the money earned.

The 100-week payoff can be expressed as

PO=40*L+80*H=40*(100-H)+80*H=4000+40H

Being L the numbers of weeks we have low pay and H the weeks we have high pay.

Now, as it is a coin flip, H is a binomial random variable with p=0.5 and n=100

For a total pay off of more than 6500, H has to be

6500=4000+40H\\\\H=2500/40=62.5

That means that in at least 63 of the 100 weeks we have to get a high pay.

P(H\geq 63)=1-\sum_{i=1}^{62} P(X_i)

If we compute the individual probabilities we get P(H≥63)=0.006 or 0.6%.

8 0
4 years ago
Swifty Company developed the following information about its inventories in applying the lower-of-cost-or-net realizable value (
Vlad1618 [11]

Answer:

$352,000

Explanation:

The computation is shown below:

Product         Net realizable value          Cost               LCNRV

A                    $129,000                         $126,000         $126,000

B                   $80,000                           $72,000           $72,000

C                  $154,000                          $155,000         $154,000

Total value of the inventory                                          $352,000

This is the answer but the same is not provided in the given options

3 0
3 years ago
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