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3 years ago

Match the following statements to the appropriate terms.

Business

2 answers:

Korolek [52]3 years ago

8 0

Answer:

a. The cost of products that are partially complete = 6. Work in progress inventory

b. The function of keeping activities in accordance with plans = 5. Controlling

c. Primarily concerned with internal users and reports pertain to subunits of the entity. = 1. Manangerial Accounting

d. Materials that can be physically and directly associated with manufacturing a product. = 7. Direct materials

e. The function of setting goals and objectives. Indirect costs of manufacturing a product. = 3. Planning

f. Primarily concerned with external users and reports pertain to the entity as a whole. = 2. Financial accounting

g. Costs that are noninventoriable. = 9. Period costs

h. All business processes associated with providing a product or service. = 10. Value chain

i. The function of coordinating diverse activities to produce a smooth-running operation. = 4. Directing

Explanation:

ad-work [718]3 years ago

3 0

Answer: A 6, B 4, C 1, D 7, E 3, F 2, G 9, H 10, I 5,J 8.

Explanation:

Managerial accounting - Primarily concerned with internal users and reports pertain to subunits of the entity.

Financial accounting - Primarily concerned with external users and reports pertain to the entity as a whole.

Planning - The function of setting goals and objectives.

Directing - The function of coordinating diverse activities to produce a smooth-running operation.

Controlling - The function of keeping activities in accordance with plans.

Work in process inventory - The cost of products that are partially complete.

Direct materials - Materials that can be physically and directly associated with.

Manufacturing overhead - Indirect costs of manufacturing a product.

Period costs - Costs that are non-nventoriable.

Value chain - All business processes associated with providing a product or service.

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3 years ago

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Answer:

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Explanation:

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3 years ago

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Answer:

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3 years ago

Which of the following statements is true? a. The production budget is not converted into dollars. b. The sales budget includes

Svetllana [295]

Answer:

e. All of these choices are correct.

Explanation:

Note:

Statement a. about production budget is correct as the production budget only estimates number of units to be produced, in quantity and not in dollars and therefore is not converted into dollars.

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Statement c. about overhead budget is also correct as the budget segregates variable and fixed overheads properly.

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4 years ago

You are trying to pick the least-expensive car for your new delivery service. You have two choices: the Scion xA, which will cos

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Answer:

EAC of Scion xA= 12,429.24

EAC of Toyota = $11,922.02

The Toyota should selected because it has a lower EAC

Explanation:

Equivalent Annual cost = PV of cost/Annuity factor

<em>Scion xA</em>

PV of OCF= A × (1- (1+r)^(-n)/n

= 2,900 × (1 -(1.13)^(-3))/0.13=6847.342534

PV of total cost = 22,500 + 6847.34 = 29,347.34253

EAC = 29,347.34/ 2.361152598= 12429.24433

EAC = 12429.24

<em>EAC Toyota</em>

PV of OCF = 1500×(1 -(1.13)^(-4))/0.13= 4461.706988

PV of total cost = 31,000 + 4461.7069= 35,461.70699

EAC = 35,461.706/ 2.9744 = 11,922.02

EAC = $11,922.02

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EAC of Toyota = $11,922.02

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4 years ago