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satela [25.4K]
3 years ago
10

Luis is an accountant whose company recently switched from process costing to job order costing. He is preparing to total manufa

cturing costs in order to determine unit cost. What changes must Luis make to his totaling process as a result of the costing system change?
Business
1 answer:
Ann [662]3 years ago
4 0

Answer:

The correct answer is Assign costs of work process.

Explanation:

Among the main changes to be able to allocate costs, Julio must take the costs of work in process in a single account, instead of directly to different department accounts. This will ensure better control of the information, avoiding mistakes in the planning process.

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The following selected transactions were completed by Capers Company during October of the current year:
exis [7]

Answer and Explanation:

Answer and explanation attached

3 0
4 years ago
Achieving the goal of price stability with low and steady inflation allows the Fed to achieve other​ goals, such as stable inter
ioda

Answer:

The correct answer is D. Because the nominal interest rate includes an inflation premium.

Explanation:

If the prices of many of the items we buy go up, we lose purchasing power. In other words, with the money we have - income and savings - we cannot buy as much as before. This can trigger an upward spiral of prices. If everything becomes more expensive, we may have to request a salary increase from our company. To finance the increase in staff salaries, the company could react by raising its prices. If this happens in many companies, the prices of many items will rise more, which will feed the spiral. This situation makes planning savings and investments more difficult for individuals and businesses. In the face of a rapid loss of value, the public can lose confidence in the currency. These are just a few examples of the negative effects of high inflation rates.

8 0
3 years ago
Magic Realm, Inc., has developed a new fantasy board game. The company sold 47,500 games last year at a selling price of $67 per
vekshin1

Answer:

See the explanation below.

Explanation:

Magic Realm, Inc. Contribution Income Statement for last year

Details                                                     Total ($)       Per Unit ($)

Sales revenue (47,500 × $67)             3,182,500                67

Variable cost (47,500 × $47)              <u>(2,232,500)</u>             <u>(47)</u>

Contribution                                            950,000               20

Fixed expenses                                     <u>(855,000)</u>

Net operating expenses                          <u>95,000</u>

6 0
3 years ago
The Clyde Corporation's variable expenses are 40% of sales. Clyde Corporation is contemplating an advertising campaign that will
Butoxors [25]

Answer:

Increase in income= $19,200

Explanation:

Giving the following information:

Clyde Corporation's variable expenses are 40% of sales. Clyde Corporation is contemplating an advertising campaign that will cost $27,000.

Increase in income= increase in sales - increase in variable cost -  marketing campaign

Increase in income= 77,000 - (77,000*0.40) - 27,000= $19,200

8 0
3 years ago
It has been announced that
kipiarov [429]
The demand of hurricane supplies goes down.
7 0
3 years ago
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