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vlada-n [284]
3 years ago
7

Job costing is​ ________. A. used by businesses to price unique products for different jobs B. used by businesses to price ident

ical products C. used to calculate equivalent units D. used to calculate the percentage of work completed
Business
2 answers:
Wewaii [24]3 years ago
8 0

Answer:

The answer is A. used by businesses to price unique products for different jobs

Explanation:

As the project/product is different from one to another, this system of costing has to be adapted. Moreover, this method take in to account the nature of the product, the time span it takes to complete the product and the unique skills and resources that are used during its production process.

TEA [102]3 years ago
5 0

Answer:

A. used by businesses to price unique products for different jobs

As the product are different to each other in properties and materials or are required to be performed in different location (IE: real-state maintenance or construction) We need to follow the cost on a per-job basis

Explanation:

B. used by businesses to price identical products

No when the product are identical we don't need to discriminate over which customer ask the job nor the type of product it was requested.

C. used to calculate equivalent units

NO. That is processing cost

D. used to calculate the percentage of work completed

NO that is a given, we measure the amount of work completed under pretty much any cost method.

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2. Why might this be the perfect advice for beginning investors?
soldi70 [24.7K]

Explanation:

Getting the right education is one of the best pieces of advice I would send to someone who is only learning to invest. Investing is all about purchasing firms that you know and appreciate, that have a strong competitive edge, and that have a solid management team, all at a decent price.

8 0
2 years ago
Dave brags to his dad that his $45,000 starting salary as a computer programmer is much higher than his dad's $28,000 starting s
ivanzaharov [21]

Answer:

Option C Incorrect; adjusting for price changes, his salary is less than his dad's salary  

Explanation:

Adjustment to price changes = (Amount received n years ago divided by Price Index n years ago) * Price Index today

Adjustment To price changes = ($28,000 / 110.8) * 180.5 = $45613.7

The amount $28,000 is worth $45,613.7 in todays value which means that if we adjust for price changes, Dave is incorrect because his salary is worth less by an amount $613.7 from his father's salary.

6 0
3 years ago
Read 2 more answers
Vaughn Manufacturing has fixed costs of $30000 per year. Its warehouse sells wine with variable costs of 90% of its unit selling
oksian1 [2.3K]

Answer:

$300,000

Explanation:

Calculation for How much in sales does Vaughn need to break even per year

Using this formula

Sales needed to break even=Fixed cost/(1-Unit selling price Variable costs)

Let plug in the formula

Sales needed to break even=$30,000 / (1 -.9)

Sales needed to break even=$30,000 / (0.1)

Sales needed to break even=$300,000

Therefore How much in sales does Vaughn need to break even per year will be $300,000

8 0
3 years ago
Suppose a participant in this experiment was expending $0 worth of effort in studying for each class before the experiment. Over
kow [346]

Answer:

<u>For Maths;</u>

<u>The student would increase time studying for maths.</u>

<u>For English;</u>

<u>The student would increase time studying for English.</u>

<u>Explanation:</u>

This is the case in both cases because there's a certainty that the student earns an A in both cases if he puts in the equivalent  $ amount worth of effort.

The student's ability to adapt to change comes under great test over the next  6 weeks in other to get an A in the math and English classes.

7 0
3 years ago
A The management of Gresa Inc. is reevaluating the appropriateness of using its present inventory cost flow method, which is ave
Zepler [3.9K]

Answer:

Gresa Inc.

Comparative Condensed Income Statements for 2017

under FIFO and LIFO.

                                                                  <u>  FIFO                               LIFO</u>

Sales                                                          1176450                    1176450

Cost Of Goods Sold                                 660,400                    657, 200

Gross Profit                                               516050                    539,500

Operating  Expense                                  $ 150,000               $ 150,000

Income before Tax                                      $ 366,050             $ 389500

Income Tax  (30%)                                       <u> $ 109815                  $ 116850</u>

<u>Net Income                                                     $  256235  $272650</u>

<em><u>Working :</u></em>

<em><u>Fifo Cost of Goods Sold= $ 10,000 +  $168,000 +  $ 150,000+ 156,000 + 176,400= </u></em>

<em><u>Lifo Cost of Goods Sold= $ 224,000 + 156,000+  $ 150,000+127,200</u></em>

Purchases were made quarterly as follows.

Quarter     Units         Unit Cost        Total Cost

1               70,000       $2.40             $168,000

2             60,000        2.50               150,000

3             60,000         2.60              156,000

4             80,000          2.80               224,000

                270,000                            $698,000

Inventories    Beginning (5,000 units)    $10,000          

Total net sales (253,000 units)  $1,176,450

Ending (22,000 units)

Total cost of goods purchased (270,000 units) 698,000

3 0
3 years ago
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