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quester [9]
3 years ago
10

LO 4.1Why are product costs assigned to the product and period costs immediately expensed?

Business
1 answer:
Levart [38]3 years ago
3 0

Answer:

Explanation:

The product cost is the cost that is related to the product.

Product cost = Direct materials used + Direct labor + manufacturing overhead

And, the period cost is that cost which is incurred according to the time. It covered mainly selling and administrative expenses  section

The computation of the period cost is shown below:

= Sales salaries expense + Depreciation on delivery trucks + Repairs to office equipment + Advertising expense + Office supplies used

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Many depressants, including alcohol, reduce your __________.
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I think the answer is a. I'm not 100 sure though.
7 0
3 years ago
Define money and identify the different forms that it takes in the nation's money supply
viva [34]

Answer:

Money is defined as something that serves as a medium of exchange.

The money supply is the total amount of money available in an economy. It includes:

  • M1 includes coins and notes (bills) in circulation plus other money equivalents that are easily liquidated.
  • M2 includes M1 plus short term bank deposits and 24 hour money market funds.
  • M3 includes M2 plus long term bank deposits and money markets with more than 24 hour maturity.

8 0
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When the Writers Guild of America went on strike in 2007-2008, the union and studios met with a third party who helped continue
garik1379 [7]

Answer:

mediation

Explanation:

The Writers Guild of America and the film studios used a mediator when they started their negotiations. The mediator is an impartial third party that is present during the negotiations and tries to help both parties reach an agreement or settlement. The decisions taken by the mediator are not mutually binding so any party can accept or reject them. A mediator only helps to solve the problem, offers possible solutions, but shouldn't decide anything.

In order for the decisions taken by the third to be binding, the third party must be an arbitrator. In an arbitration process all parties involved must accept the decision of the arbitrator.

5 0
3 years ago
Chess Top uses the perpetual inventory system. On May 1st, the beginning inventory consisted of 480 units that cost $65 each. Du
Lyrx [107]

Answer:

the amount of the cost of goods sold is $55,120

Explanation:

The computation of the cost of goods sold for the month is shown below:

Since 800 units were sold out of which 360 units would sold at $70 and the remaining units i.e. 440 units would be sold at $68

= 360 units × $70 + 440 units × $68

= $25,200 + $29,920

= $55,120

Hence, the amount of the cost of goods sold is $55,120

5 0
3 years ago
Unit Elastic is elasticity where a change in the independent variable (usually price) generates a proportional change of the dep
elixir [45]

Answer:

The statement is true.

Explanation:

Unit elastic is described as the demand or supply curve that is perfectly responsive to the changes in the price. In other words, the demand or the quality supplied will change or vary in accordance with the same percentage as the change in price.

The curve which has elasticity of 1 will be called as unit elastic.

5 0
3 years ago
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