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Kamila [148]
3 years ago
7

LO 4.5Why are the overhead costs first accumulated in the manufacturing overhead account instead of in the work in process inven

tory account?
Business
1 answer:
vivado [14]3 years ago
3 0

Answer  Explanation:

For the manufacturing overhead occurs during the manufacturing process but unlike wages, the actual values are unknow thus, we cannot anticipate in a guarantee amount. Hence, the cost accounting works as follows:

It will stablish a predetermined overhead rate which will be charged against WIP based on another factor which can be measure (like working hours, machine hours, among others)

Then, during the period as the actual cost occurs they will be charged into manufacturing overhead account.

At the end of the period, we will be able to determinate the actual cost and adjust COGS, WIP and FINISHED GOOD if needed to represent the actual cost of the inventory produced.

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Economists use the word marginal to mean an extra or additional benefit or cost of a decision. An optimal decision occurs when
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3 years ago
Of the "Five C's of Credit" which do you think is most important in determining someone's credit worthiness? Why?
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3 years ago
what is the connection, if any, between comparative advantage (ca) and foreign direct investment (fdi)?
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CA has nothing to do with FDI. Countries often engage in FDI in industries where the country they invest in has a comparative disadvantage.

When a nation's businesses make investments abroad, it promotes comparative advantage CA in the same sector at home.

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The ability to create goods and services at a lower opportunity cost, not necessarily at a higher volume or quality, is referred to as having a comparative advantage.

What is FDI-

An entity based in another country makes an investment in the form of controlling ownership in a company in another country. This investment is known as a foreign direct investment (FDI).

Learn more about CA and FDI here:

brainly.com/question/16412026

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