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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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A ten-year comparison between Brazilian and Canadian crops showed that Brazilian yields are 68% of Canadian yields when compared
puteri [66]

Answer:

A. A greater percentage of Canadian agricultural acreage was unplanted than of Brazilian agriculture acreage.

Explanation:

The planted acre yield Brazil is 68% than of Canada. The agricultural acre yield in Brazil is 115% of Canada. The difference between agricultural yield and planted acre yield is that agricultural yield is all the available land which can be used to grow crops whereas planted yield is the actual acre land which is planted with crops. The planted acre is less than agricultural acre which results in more are being unplanted in Canada than of Brazilian agricultural acreage.

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3 years ago
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You have been invited to give a speech at a local restaurant. The person who is hosting the event has asked you to speak for 15
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Answer:

I would think about what I could use to get my audiences attention and something that would be interesting for everyone so that everyone can learn something.

Explanation:

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If money going out of the business is greater than the money coming into the business, what happens?
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The answer is going to be negative

3 0
3 years ago
Colson Inc. declared a $320,000 cash dividend. It currently has 12,000 shares of 7%, $100 par value cumulative preferred stock o
Alex787 [66]

Answer:

The divided for common stockholders is $152000

Explanation:

The preferred stock is cumulative whch means any arrears in preference dividend will be paid whenever the dividend is declared.

The amount of yearly preference dividends is = 12000 * 100 * 0.07 = 84000

Thus, when 320000 cash dividend is declared, 2 years ( current year and arrear year) preference dividend will be paid first and the remaining will be distributed among common stock holders.

The dividedn for common stockholders is 320000 - (84000 * 2) = $152000

4 0
3 years ago
Acme enterprises began the new year owing its suppliers $3,000 for merchandise purchased last year. Acme then sold half of this
Zanzabum

Answer:

$8500

Explanation:

Beg AP bal = 3000

Sold 1/2 of merch on acct = add 2500

Paid suppliers = subtract 1000

Bought more merch on acct = add 4000

3000 + 2500 - 1000 + 4000 = 8500

Ending AP bal = 8500

4 0
2 years ago
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