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Stells [14]
3 years ago
11

TP1. LO 4.1Can a company use both job order costing and process costing? Why or why not?

Business
1 answer:
Yakvenalex [24]3 years ago
7 0

Answer:

yes a company can use both job order costing and process costing

Explanation:

job order costing involve an a detailed accumulation of production cost,  which is attributed to specific unit. an illustration can be in the construction of a well designed piece of furniture which would be accounted for with a job costing system. the coast of the labour for that piece of furniture will be recorded on a time sheet and compiled on a cost sheet for that job.

while process costing involves the accumulation of cost for a lengthy production run involving products that are indistinguishable from each other.

in a situation where a company has mixed production system, that produces large quantities but customizes it finished product before shipment, it is possible to adopt both job order costing and process costing which is formally known as hybrid costing.

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3 years ago
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Luther's Operating Margin for the year ending December 31, 2008 is closest to: Group of answer choices 0.5% 0.7% 5.4% 6.8%
svlad2 [7]

Answer:

the operating margin is 5.4%

Explanation:

The computation of the operating margin is shown below:

As we know that

Operating Margin = Operating Income ÷ Sales

= $31.3 ÷ $578.3

= 5.4%

Hence, the operating margin is 5.4%

It could be determined by dividing the operating income from the sales

3 0
3 years ago
Mayfield Company sells two products, Blue models and Plaid models. Blue models sell for $43 per unit with variable costs of $30
alekssr [168]

Answer:

Break-even point in total units=  951.7units

Explanation:

<em>Break-even point is the level of activity at which a firm must operate such that its total revenue will equal its total costs. At this point, the company makes no profit or loss</em>.

It is calculated using this formula:

<em>Break-even point (in units) = Fixed cost/ average contribution per unit</em>

                                                          <em>  Blue                          Plaid</em>

Contribution per unit                43-30 = 13                   52-45 = 7

<em>Average contribution per unit </em>

= ( (13× 4) + (7×5) )/9

= $ 9.66 per unit

<em>Break-even point in total units</em>

= $9200/$ 9.66

= 951.7units

Break-even point in total units= 951.7units

           

6 0
3 years ago
The idea that the white race is superior to other races is called
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Answer:

racism

Explanation:

4 0
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Company X has 20M shares outstanding at $15 per share. Management has announced a 2 for 1 stock split. What would be the new mar
dlinn [17]

Answer:

$300 million

Explanation:

Data provided in the question

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Value per share = $15

So, by considering the above information, the new market cap of the company X is

= Number of shares outstanding × Value per share

= 20 million × $15 per share

= $300 million

To determine the new market cap, we simply multiplied the number of outstanding shares with the per share so that the exact value could come

         

8 0
3 years ago
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