In the design of a chemical plant, the following costs and revenues (in the third year of production) are projected:

Cost accounting ________. A. measures the costs of acquiring or using resources in an organization B. communicates information

beks73 [17]

Answer:

A. measures the costs of acquiring or using resources in an organization.

Explanation:

Cost accounting is the procedure by which and organisation records, examines, and summarises any cost on processes or service.

Items that are considered include variable cost, fixed cost, and other expenses related to business operation.

7 0

3 years ago

A review of the accounting records of Perez Manufacturing indicated that the company incurred the following payroll costs during

pochemuha

Answer:

a. $363,000

b. $827,200

Explanation:

The calculations are given below:

a. Payroll cost is

= Salary of the company president + Salary of the chief financial officer + Salary of the vice president of marketing + Salaries of administrative secretaries + Commissions paid to sales staff

= $75,000 + $42,000 + $40,000 + $60,000 + $146,000

= $363,000

And, for computing payroll cost included in the cost of goods sold first we have to find out the total cost i.e given below:

= Salary of the vice president of manufacturing + Salaries of middle managers (department heads, production supervisors) in manufacturing plant + Wages of production workers + Salaries of engineers and other personnel responsible for maintaining production equipment

= $50,000 + $147,000 + $703,500 + $133,500

= $1,034,000

Now the cost of goods sold would be

= Total cost × sales units ÷ number of units produced

= $1,034,000 × 4,000 units ÷ 5,000 units

= $827,200

6 0

3 years ago

Boris Jasper is the manager of an auto parts division for a large auto parts supplier. The division makes dampers and oil pumps.

shepuryov [24]

Answer:

a) Raise the sales revenue.

b) Decrease the cost of raw materials.

c) Decrease discretionary fixed cost

Explanation:

<em>Return on Investment (ROI) = Divisional Profit Contribution / Assets Employed in the Division</em>

ROI increases when the Divisional Profit Contribution increased and Assets Employed in the Division are reduced.

4 0

3 years ago

Mason Company has a weekly payroll of $5,000. Wages are paid every Friday for the work performed Monday through Friday of that w

ddd [48]

Answer:

$2,000

Explanation:

Given:

Weekly payroll = $5,000

Number of working days for which wages are paid from Monday to Friday = 5

Wages paid per day = $\frac{\textup{Weekly payroll}}{\textup{Number of days}}$

or

Wages paid per day = $\frac{\$\textup{5,000}}{\textup{5}}$

or

Wages paid per day = $1,000

Thus,

from Monday to Tuesday total wages paid

= Wages per day × Number of days

= $1,000 × 2

= $2,000

Hence, the amount of Wages Expense that should be recorded on that date is $2,000

7 0

3 years ago

On January 3, 2010, the partners' interests in the capital, profits, and losses of Able Partnership were

Naya [18.7K]

Answer:

d) Able did not terminate.

Explanation:

The partnership did not terminate. Poe and Dean leave the partnership but these transactions require the approval of the other partners.

Dean and Ritt agree to let Poe sale his share.

This new partner and Ritt agree to let Dean sold his participation. The Partner does not terminate. It moves on with the new partners.

7 0

3 years ago