All categories

3 years ago

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.

You might be interested in

your client, Bob, engaged you to help him arrange his financial situation. During the course of your meetings you sold Bob a dis

user100 [1]

Answer:

implementation part

Explanation:

According to my research on the financial planning process, I can say that based on the information provided within the question you are engaged in the implementation part. In this part you finalize all the details and close out any deals that may be on the table in order for you to collect your money from your financial plan.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0

3 years ago

Due to inflation and shortages created by supply chain shortages, the price of Paco Rabanne's Eau de Toilette Spray increased

Darya [45]

The sales of Paco Rabanne's Eau de Toilette Spray would fall by 11.25%.

<h3>What is the price elasticity of demand?</h3>

The price elasticity of demand measures the impact of price changes on the quantity demanded of good. When t the price elasticity of demand is less than 1, demand is inelastic.

Percentage change in the quantity demanded = price elasticity x percentage change in price

12.5% x 0.9 = 11.25%

To learn more about supply elasticity, please check: brainly.com/question/26634801

5 0

2 years ago

Prepare summary journal entries to record the following transactions for a company in its first month of operations. a. Raw mate

Ket [755]

Answer:

Dr Raw materials inventory 84,000

Cr Accounts payable 84,000

Dr Work in process inventory 38,000

Cr Raw materials inventory 38,000

Dr Factory overhead 13,500

Cr Raw materials inventory 13,500

Dr Work in process inventory 31,000

Dr Factory overhead 14,000

Cr Cash 45,000

Dr Factory overhead 7,250

Cr Cash 7,250

Dr Work in process inventory 37.200

Cr Factory overhead 37,200

Dr Finished goods inventory 58,500

Cr Work in process inventory 58,500

Dr Cost of goods sold 58,500

Cr Finished goods inventory 58,500

Dr Accounts receivable 84,000

Cr Sales revenue 84,000

4 0

3 years ago

A mandate is an informal order that is given by a higher authority to suggest change. Please select the best answer from the cho

larisa86 [58]

The answer is false.
A mandate is a formal order that is given by a higher authority to suggest change. As described in oxford's dictionary, mandate is an official order or commission to do something.

6 0

4 years ago

Karlik Enterprises distributes a single product whose selling price is $15.70 and whose variable expense is $10.30 per unit. The

Nitella [24]

Answer: Company’s break-even point in unit sales is <em><u>3900 units</u></em>

Explanation:

Given :

Selling Price (SP) = $ 15.70

Variable expense per unit (VC) = $10.30

Fixed expense = $21,060

Now,

Contribution per unit = SP - VC = $15.70 - $10.30 = $5.40

Break-even point in unit sales is given as :

= $\frac{Fixed expense}{Contribution per unit }$

= 21060/5.40

=3900 units

8 0

3 years ago