Process departmentalization
Explanation:
Departmentalization
- An organization has separate departments based upon the different task each performs for the organization.
- Functional departmentalization - a manufacturing company may have a production department, sales and marketing department, an accounting department, and a human resources department.
- Product departmentalization - a company may have a wide range of products
- Customer departmentalization - a company may have different customer bases
- Geographical departmentalization - a company can hire employees to serve different customers from different geographical locations
- Process departmentalization - a company may have employees grouped into teams for a specific process
Answer:
C.) Accounts receivable 7,840 Cash discounts 160 Sales 8,000
Explanation:
Assuming for now that credit customer will avail the cash discount, the following journal entry shall be made on November 10 by Flores mills in respect of credit sales made by it.
Debit Credit
Accounts receivable $7,840
Cash discount $160
(8000*2%)
Sales $8,000
Based on the above discussion, the answer shall C.) Accounts receivable 7,840 Cash discounts 160 Sales 8,000
Answer:
The correct answer is B: the jobs produced during the period have been under-costed
Explanation:
Giving the following information:
If manufacturing overhead has been under-allocated during the period, then which of the following is true?
(a) the jobs produced during the period have been over-costed
(b) the jobs produced during the period have been under-costed
(c) the jobs produced during the period have been costed correctly
(d) none of the above
When manufacturing overhead has been under-allocated means that the actual costs incurred where superior that the estimated cost for the period.
Answer:
REVENUES
Explanation:
Revenue, often referred to as sales, is the income received from normal business operations and includes discounts and deductions for returned merchandise. It is the top line or gross income on a company's income statement from which all charges, costs, and expenses are subtracted to arrive at net income.
Answer:
Type 1 decision error cost and Type 2 decision error cost
Explanation:
Type 1 decision error cost has to do with recruiting the wrong candidate or person specification for the job, type 1 error are expensive to the organization and frustrating to the employees. Type 2 decision error cost has to do with the opportunity cost forgone, when the right candidate which could have been hired, was not hired.
The CEO is likely to discover the Type 1 decision error cost
