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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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Alona [7]

1. Automatic Stay

2. Bankruptcy Exemptions

3. Improved Credit Rating

4. Unsecured Debts Paid Off

8 0
3 years ago
A lessor is a party who acquires a right to the possession and use of goods under a lease.a) trueb) false
Anika [276]

Answer: FALSE

         

Explanation: In simple words, a lessor refers to an individual who , under a contract of lease, lets another individual to use his or her assets in return of any kind of rent or one time payment.

The individual who pays the rent in return of right to use the asset of the lessor is called a lessee. Lessor is actually the owner of the asset.

Hence the given statement is false.

6 0
4 years ago
On September 1 of the current year, Mr. Z, a cash-basis, calendar-year, self-employed mechanic, borrowed $10,000 at 10% for 5 ye
wlad13 [49]

Answer:

$200

Explanation:

Calculation for How much of the $3,000 fee may Z deduct on his Schedule C for the current year.

Amortized over life of loan = ($3,000/60 months) x 4 months

Amortized over life of loan=$50×4 months

Amortized over life of loan=$200

Note that September 1 to 31 December will give us 4 months

Therefore what Z deduct on his Schedule C for the current year is $200

4 0
3 years ago
(a) The weather forecast for the weekend is a 35% chance of rain for Saturday and a 30% chance of rain for Sunday. If we assume
Alona [7]

Answer:

Explanation:

a)

It is known that,

P(Sat) = 0.35

P(Sun) = 0.30

P(no rain on Sat) = 1 - 0.35

P(no rain on Sun) = 1 - 0.30

So P(rains on the weekend) = 1 - P(no rain on Sat) P(no rain on Sun) =

= 1 - (1-0.35)(1-0.30) = 0.545

b)

P(Sat Sun) = P(rains on Sat) P(rains on Sun) + P(rains on Sat) P(no rains on Sun)  = 0.35*0.30 + 0.35*(1-0.30) = 0.35

5 0
4 years ago
A code of ethics adopted by a company will most likely include all of the following EXCEPT
Tanya [424]
What are the options to choose from?
4 0
3 years ago
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