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Gwar [14]
3 years ago
12

A system of accounting for manufacturing operations that produces timely information about inventories and manufacturing costs p

er unit of product is a:
Business
1 answer:
sasho [114]3 years ago
5 0

Answer:

The answer is cost accounting system.

Explanation:

Cost accounting is a tool that allows you to estimate the actual price of the products, which allows you to establish a profit margin for each unit sold. Depending on the activity of the company, several techniques are used such as production costing, process costing, standard costing, absorption costing, etc.

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Prepare Job-Order Cost Sheets, Predetermined Overhead Rate, Ending Balance of WIP, Finished Goods, and COGS At the beginning of
vova2212 [387]

Answer and Explanation:

1. The computation of overhead rate based on direct labor cost is shown below:-

Overhead rate = Overhead applied × 100 ÷ Direct labor cost

= 888 × 100 ÷ 1,200

= 74%

2. The Preparation of job-order cost sheet for the four jobs is shown below:

Particulars                Job 86        Job 87        Job 88        Job 89

Beginning balance $6,888       $6,820

Direct materials       $3,000      $7,000         $2,100          $1,500

Direct labor              $800          $6,000        $900            $500

Applied overhead  

is 74% of direct labor $592           $4,440       $666            $370

Total                          $11,280       $24,260      $3,666      $2,370

3. The computation of ending balances of Work in Process and Finished Goods is shown below:-

Work in process of Job 88 = $3,666

Finished goods = Total of Job 86 + Total of Job 89

= $11,280 + $2,370

= $13,650

4. The computation of the Cost of Goods Sold for March is shown below:-

Cost of goods sold is

= Job 87

= $24,260

7 0
3 years ago
Shawn exchanges a factory building for an apartment building in a qualifying like-kind exchange. The factory has a basis of $350
Setler [38]

Answer:

a.$30,000

b.The alternative i could suggest to Shawn is that he may sell the factory building instead of him to purchase the apartment building in order for him to recognize the loss which will inturn lower his taxes.

Explanation:

a. Calculation of what is Shawn’s realized gain or loss and the basis of the apartment building

Since Shawn tend to received the apartment building which has a Fair Market Value of $320,000 in exchange of his $350,000 worth of factory , this means he had a lost of $30,000 which is calculated as ($320,000-$350,000) which can therefore be deferred

b. The alternative i could suggest to Shawn is that he may sell the factory building instead of him to purchase the apartment building in order for him to recognize the loss which will inturn lower his taxes.

6 0
3 years ago
In many cases, it is reasonable to refer to the ________________ as the price.
Sladkaya [172]

Most time, it is reasonable to refer to the opportunity cost as the price because it entails the benefit of the foregone good or service.

<h3>What is an opportunity cost?</h3>

It refers to a value of what is rejected in order to perform the chosen alternative, that is, the value one have to give up to buy what you want in terms of other goods or services.

Therefore, it is sometimes reasonable to refer to the opportunity cost as the price because it entails the benefit of the foregone good or service.

Read more about opportunity cost

<em>brainly.com/question/1549591</em>

#SPJ1

6 0
2 years ago
Decisión grids are valuable tools because they help us
jenyasd209 [6]

Answer:

There are any number of valid responses – <em>see below</em>.

Explanation:

Decision grids are valuable tools because they help us:

  • Evaluate and prioritize a list of options
  • Make the best choices at the least cost
  • Make wise decisions in a range of contexts
  • Consider the cost and benefits of a decision
  • Reduce subjectivity to help make sound conclusions
  • See what we gain and lose by choosing between alternatives
8 0
3 years ago
One traditional depiction of Logistics is in terms of the four Rs. The four Rs are characterized as being _____
Vadim26 [7]

Answer: The four crucial Rs of logistics would be: Right Place, Right condition, Right time and Right cost

Explanation: Logistics when referred to in business, is the process that involves how goods are transported from the manufacturer to the end user.

The Rs of logistics imply that in order for logistics to be effective, it has to taken to the Right place, the goods have to be in the Right condition when delivered, the goods should get to the consumer at the Right time and finally the cost of logistics should be reasonably low.

3 0
3 years ago
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