Answer:
D) is used exclusively in manufacturing
Explanation:
- As the processing costs are directly related to the direct and the indirect costs of the manufacturing processes. These costs are usually assigned to large scale batch processings and assigned to every individual cost of each unit. Assigned when the company processes huge homogeneous products.
<u>Thus has the following four steps</u>:
1. Summarize the flow of all physical units of the output.
2. Compute the output in the terms of the equivalent units.
3. Summarize total costs to the account for and the Compute equivalent unit of costs.
4. Assign total costs to the units completed and to the units in ending work in the process inventory.
Answer:
Unitary prime cost= $170.24
Explanation:
Giving the following information:
Last month, direct materials (electronic components, etc.) costing $550,000 were put into production.
Direct labor= $880,000.
Manufacturing overhead equaled $495,000
The company manufactured 8,400 television sets during the month.
Unitary prime cost= (direct material + direct labor)/number of units
Unitary prime cost= (550000 + 880000)/8400= $170.24
Root cause analysis is a research method is the best to use in order to determine causally.
Answer:
$245
Explanation:
Surrender Charge is a fee on the withdrawal of fund invested in an annuity contract or mutual fund. This charge is placed to restrict or discourage the investor from withdrawing money from the fund.
In this question Sophia paid $25,000 for annuity contract and there are surrender charges as below:
First year surrender charges = 7%
Declines by 1% each year
Withdrawal limit without charge = 10% of Investment = 10% x $25,000 = $2,500
Withdrawal Amount = $6,000
Withdrawal over 10% = Withdrawal Amount - Withdrawal limit without charge
Withdrawal over 10% = $6,000 - $2,500
Withdrawal over 10% = $3,500
Surrender charges = Withdrawal over 10% x First year surrender charges
Surrender charges = 3,500 x 7%
Surrender charges = $245
