<span>Through distinctive use of annual high dollar items, Wheeled Coach
implements ABC analysis. ABC analysis is categorizing into A, B and C category.</span>
<span><span>A category represent some 15% of
the</span> total inventory items, but 70–80% of the
total cost.
</span>
<span><span>B category represent 30% of the
items and 15–25% of the value.
And C category represents 5% of
the annual dollar</span><span> volume, but about 55% of the total items.</span></span>
Answer:
When Factory Wages Payable costs for labor are allocated in a job cost accounting system:
Direct Labor and Indirect Labor are debited and Factory Wages Payable is credited.
Explanation:
The Factory Wages Payable costs will always be allocated to direct labor or indirect labor. These two accounts will, therefore, be debited while Factory Wages Payable is credited for these unpaid factory wages at the end of the accounting period.
Answer:
d
Explanation:
Unearned fees is recorded on a company's statement of financial position(balance sheet) as a liability. Unearned Fees is presented as a liability because the revenue has still not been earned and relates services owed to a customer. .
See IFRS 15 for further clarity..
Answer:
The correct answer is letter "C": Leading.
Explanation:
Leading is the activity individuals engage in any aspect, in any field, when they naturally take responsibility for managing a group of people to achieve a collective goal helping each member of the team reach their personal objectives. Leaders tend to set an example that attracts subordinates. In return, leaders give appraisal to their followers after every little piece of work is done effectively.
Answer:
Expenses that are stable and do not change with the quantity of products that is produced and sold
Explanation:
Fixed cost refers to cost that do not change with the level of output. They are otherwise known as overheads or indirect costs and are expenses that are not dependent on the out level of produce by the business.
In addition, fixed cost are also cost that has to be incurred by the business independent of business activities.
Examples of fixed costs are rent, cost of business , loan payments, insurance premiums, salaries etc. All these do not vary with the level or number of units produced or sold.
