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3 years ago

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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What do you think would be the most difficult part of being a public relations specialist?

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Answer:

Public relations specialists create and maintain a favorable public image for the organization they represent. They craft media releases and develop social media programs to shape public perception of their organization and to increase awareness of its work and goals.

Explanation:

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4 years ago

What are the three main types of bank transactions?

vlada-n [284]

The three main types of bank transactions are:
1. Withdrawal - taking out money or other capital form bank accounts, saving accounts,...
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3 years ago

Read 2 more answers

Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following summ

Bas_tet [7]

Answer:

$\left[\begin{array}{ccccc}&Q1&Q2&Q3&Q4\\$beginning&34,000&10,000&94,950&105,950\\$receipts&250,000&400,000&280,000&300,000\\$disbursement&-309,000&-279,000&-269,000&-289,000\\$interest&0&-1,050&0&0\\$subtotal&-25,000&129,950&105,950&116,950\\$minimun&10,000&10,000&10,000&10,000\\$Financing&&&&\\$beginning&0&35,000&0&0\\$payment/loan&35,000&-35,000&&\\$ending&35,000&0&0&0\\&&&&\\$ending cash&10,000&94,950&105,950&116,950\\\end{array}\right]$

Explanation:

First we do Q1

beginning + receipts - disbursement

then we compare the this balance with the minimun.

in this case this open the needs for financing

We end with the minimun cash balance of 10,000

This will be the beginning for Q2

Now, we do Q2

same process

beginning + receipts - disbursement

but this time we also calculate the interest

35,000 x 3% = 1,050

which also decrease the cash before financing.

We now compare with the minimun balance and paid the finance

We end the Q2 with a balance of 94,950

Q3 and Q4 follow the same procedure,

beginning + receipts - disbursement

compare with minimun

if below add financing, if not, don't.

4 0

3 years ago

Boise, a division of Price Enterprises, currently performs computer services for various departments of the firm. One of the ser

Vlad1618 [11]

Answer:

irrelevant costs in Boise’s outsourcing = $25500

Explanation:

given data

variable costs = $80,000

fixed operating costs = $25,000

administrative overhead = $18,000

fixed operating costs reduced = 70%

to find out

The irrelevant costs in Boise’s outsourcing decision total

solution

we get here first reduction in traceable cost that is

reduction = 30% of $25,000

reduction = $7500

so irrelevant costs in Boise’s outsourcing will be

irrelevant costs in Boise’s outsourcing = administrative overhead + reduction cost

irrelevant costs in Boise’s outsourcing = $18000 + $7500

irrelevant costs in Boise’s outsourcing = $25500

7 0

3 years ago

quipment purchased in 2006 for $30 comma 000 must be replaced in late 2017. What is the estimated cost of the replacement equip

DiKsa [7]

Answer:

$53,355.7047

Explanation:

The computation of the estimated cost of the replacement cost is shown below:

Estimated cost = (old cost i.e purchased cost of an equipment ÷ Cost index of that year i.e 2006) × estimated cost index for 2017

= ($30,000 ÷ 149) × 265

= $53,355.7047

We simply applied the above formula so that the estimated cost could come

6 0

3 years ago