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3 years ago

What is an activity-based approach to designing a costing system?

1 answer:

6 0

Answer: The correct answer is "C. An activity-based approach refines a costing system by focusing on individual activities as the fundamental cost objects. It uses the cost of these activities as the basis for assigning costs to other cost objects such as products or services.".

Explanation: The ABC costing model is a model that is based on the grouping into cost centers that make up a sequence of value of the products and services of the company's productive activity. It focuses its efforts on managerial reasoning in an adequate way the activities that cause costs and that are related through its consumption with the cost of the products. The most important thing is to know the generation of costs to obtain the greatest possible benefit from them, minimizing all the factors that do not add value.

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The following is a condensed version of the comparative balance sheets for Sweet Corporation for the last two years at December

notsponge [240]

Answer:

Cash flow from operating activities

Net income $352,000

Adjustment to reconcile net income to

net Cash flow from operating activities

Depreciation expense $26,350

Loss on investment sold $15,500

Decrease account receivable $7,750

Decrease current liabilities -$26,350

Net cash flow from operating activities $348,250

Cash flow from investing activities

Sale of investment $12,100

Purchase of equipment -$89,900

Net cash used investing activities -$77,800

Cash flow from financing activities

Dividend paid -$66,000

Net cash used financing activities -$66,000

Net cash increase (decrease) $204,450

Beginning Cash $120,900

Ending Cash $325,350

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3 years ago

On October 17, Nickle Company purchased a building and a plot of land for $589,200. The building was valued at $312,276 while th

Travka [436]

Answer:

Explanation:

The journal entry is shown below:

Building A/c Dr $312,276

Land A/c Dr $276,924

To Cash A/c $61,900

To Notes payable A/c $527,300

(Being the purchase of building and land for cash and note payable is recorded)

The computation of the notes payable is shown below:

= Total purchase value - cash paid

= $589,200 - $61,900

= $527,300

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4 years ago

_____ is the marketing of goods and services to individuals and organizations for purposes other than personal consumption.

azamat

Answer:

C) Business marketing

Explanation:

There are two major types of business transactions: business to business (B2B) and business to consumers (B2C).

When a company engages in B2B transactions, they are selling their products or services to another business or individual that will resell them to individual consumers. For example, Nike sells shoes to Foot Locker, and then Foot Locker resells them to final consumers.

Businesses engaged in B2B transactions use specific marketing strategies aimed at their wholesale clients which usually vary from marketing strategies aimed at final consumers, e.g. offer discounts for buying in bulk.

3 0

4 years ago

Read 2 more answers

7) Dynozz Corporation currently produces cardboard boxes in an automated process. Expected production per month is 15,000 units,

DanielleElmas [232]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Variable cost:

Direct material= $0.50 per unit

Fixed cost:

Fixed overhead= $15,000

Total cost for 10,000 units:

Variable cost= 0.50*10,000= 5,000

Fixed costs= 15,000

Total cost= $20,000

Total cost for 15,000 units:

Variable cost= 0.50*15,000= 7,500

Fixed costs= 15,000

Total cost= $22,500

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4 years ago

Bob holds a portfolio of 20 stocks from different industries, whereas Sharon holds only one stock in her portfolio. Assuming the

nikdorinn [45]

Answer:

The correct answer is: C. larger decrease in total risk.

Explanation:

The risk of an investment portfolio refers to the possibilities of obtaining the return, profit or profit you expect. Every investment involves a risk, and the more you can earn, the greater the risk. If you put your money on a fixed term, the risk is minimal, but it hardly gives you an interest even less than inflation. If you invest in the forex market, for example, you can earn a lot of money, but also the risk (that you do not achieve and even that you lose what you invested) is much greater. Every investor knows that he must assume some risk, because it is something inherent in the investment.

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3 years ago

What is an​ activity-based approach to designing a costing​ system?

What is an activity-based approach to designing a costing system?