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fgiga [73]
3 years ago
9

Choose ONE of the costing systems studied from the list below, and answer the questions that follow:

Business
1 answer:
r-ruslan [8.4K]3 years ago
7 0

Answer:

Activity based costing method has gained significance in the business world.

Explanation:

a. Activity based costing is a method in which cost driver is identified for each cost that occurs during the manufacturing process. The overhead rate is calculated based on cost drivers. This method has gained significance in business due to the ease of its application and costs are assigned to their respective cost drivers.

b. The activity based costing is used by various organizations in Australia. Booth and Giacobbe, Clarke and Mia and many other companies have successfully implemented ABC costing system in their businesses. The increased and diverse products costs are easily calculated by applying activity based costing method.

c. The companies can use the activity cost method to calculate the overhead rate that will be applied to the product. These overheads will be included in the cost of the product and then cost per unit for each unit produced is identified. This helps managers to select suitable selling price and cost cutting managements.

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Suppose 40 percent of all potential workers are highly skilled and contribute $50,000 to the firm each year. The remaining 60 pe
lukranit [14]

Answer:

The firm willing to pay a worker chosen at random an amount of $38,000.

Explanation:

This can be calculated as follows:

Amount the firm is willing to pay = (40% × $50,000) + (60% × $30,000) = $20,000 + $18,000 = $38,000.

Therefore, the firm is willing to pay a worker chosen at random an amount of $38,000.

3 0
3 years ago
Health Maintenance Organizations (HMOs) are MOST LIKELY associated with which of these types of insurance? A) life insurance B)
sleet_krkn [62]

Answer:

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Explanation:

8 0
4 years ago
In addition to a control condition, a functional analysis typically consists of what test conditions?
Blizzard [7]

Answer:

The correct option is c. Alone.

Explanation:

Note: This question is not complete as it omitted the options. The complete question with the options is therefore provided before answering the question as follows:

In addition to a control condition, a functional analysis typically consists of what test conditions?  

a. Contingent attention

b. Contingent escape

c. Alone

d. All of these

The explanation of the answer is now provided as follows:

Functional analysis is a type of psychological formulation that is used to figure out how human behavior works. Functional analysis is a method of assisting in comprehending the reason a person acts the way he does.

In functional analysis, there are four conditions: three test conditions (social positive (attention), social negative (escape), and alone, as well as a control condition (play).

Therefore, the correct option is c. Alone.

3 0
3 years ago
Barney, a manager, is very conventional, resistant to change, habitual, and does not accept new ideas very easily. This implies
xxMikexx [17]

Answer:

This implies or states to low openness to experience

Explanation:

Low openness to experience, it is related to people who are mostly dedicated to work they do and make sure that their tasks or work through to the end.

So, in this case, Barney, who is the manager is very resistant to adapt the change, very conventional and does not accept the new ideas so easily. This states that the manager, is very low for experiencing the openness or to the new ideas.

4 0
4 years ago
One of the largest expense categories for most businesses is:__________A) advertisingB) research and developmentC) payrollD) pro
bogdanovich [222]

Answer:

C) payroll.

Explanation:

Expenses can be defined as the amount of cost that is being incurred in the generation of revenue and smooth operations or running of a business by an organization or business firm. There are basically two (2) types of expenses associated with business and these are; operating and non-operating expenses.

One of the largest expense categories for most businesses is payroll. A payroll can be defined as a comprehensive list of employees working for an organization and are eligible to receive wages, as well as the amount of money that they are entitled to receive. It constitutes about 70% of an organization's total expense or overhead.

7 0
3 years ago
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