<span>The balance sheet account most likely to be affected by supply chain management software would be COGS. COGS stands for Cost of Goods Sold. It is also referred to as cost of sales.
</span>It includes the cost<span> of the materials used in creating/manufacturing the good and the direct labor costs used to produce the good.</span>
Answer:
The total product cost per unit under absorption costing is $15.38 per unit
Explanation:
Absorption costing : Under absorption costing, all costs which is assigned in the production is recorded in this costing method. It includes direct labor cost, direct material cost, variable overhead cost, fixed overhead cost, etc.
The computation of total product cost per unit is shown below:
= Direct material per unit + direct labor per unit + variable overhead per unit + fixed overhead per unit
where,
Direct material and direct labor per unit is given but variable overhead per unit and fixed overhead per unit is not given so first we have to calculate these two cost per unit. The calculation is shown below:
Variable overhead per unit = Total variable overhead cost ÷ expected units to be produced
= $41,400 ÷ 18,000
= $2.3 per unit
Now for Fixed overhead per unit = Total fixed overhead cost ÷ expected units to be produced
= $150,000 ÷ 18,000
=$8.33 per unit
So, total product cost per unit = Direct material per unit + direct labor per unit + variable overhead per unit + fixed overhead per unit
= $1.25 + $3.5 + $2.3 + $8.33
= $15.38 per unit
Hence, the total product cost per unit under absorption costing is $15.38 per unit
Answer:
These answer choices are correct:
a) Different companies use different charts of accounts based on individual company need.
The chart of accounts is the list of all the accounts that a company uses over a period of time. Because each company has a different economic and operating activity, each company's chart of accounts is unique.
b) The chart of accounts contains the balance of all of the accounts in a ledger
c) The chart of accounts should be ordered in a logical sequence based on type of account
The chart of accounts includes all the acounts of the ledger, and it also is organized following a logical sequence. Assets, Liabilities, Stockholders' Equity, and their corresponding subdivisions, is usually the order of organization.
Answer:
C. repetitive production
Explanation:
Based on the information provided within the question it can be said that only in Repetitive Production
will you see at most minor variations implemented. This is because this type of operations uses various machines in a pre-set process to make the product, a small change in the product specifications would require ALL of the equipment to be replaced, rearranged, or modified just to be able to implement the changes to the product. This many times costs more money than what the change will generate.