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3 years ago

A company should use process costing, rather than job order costing, if:

Business

1 answer:

dolphi86 [110]3 years ago

8 0

Answer:

The product is composed of mass produced homogenous units.

Explanation:

Process costing is utilized when there is a large production of products that have similar features. In process costing the cost of each product produces is equivalent to the cost of other products. Example of products that undergo process costing include:chemicals, processed foods, textiles, paper, oil refinery, soap.

In process costing, the finished product gotten from each stage becomes the raw material of the next stage till the last stage of completion.

The production of product in process costing is continuous and the final product derived from the production process is as a result of a sequence of processes.

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Melvin receives stock as a gift from his uncle. No gift tax is paid. The adjusted basis of the stock is $30,000 and the fair mar

zheka24 [161]

Answer:

The gain of $8,000 is recognized and the bonds have a basis of $35,000

Explanation:

Please see attachment

6 0

3 years ago

Teel Printing uses two measures of activity, press runs and book set-ups, in the cost formulas in its budgets and performance re

juin [17]

Answer:

D. $193,750

Explanation:

Calculation for the wages and salaries in the flexible budget for July

FLEXIBLE BUDGET FOR JULY

Using this formula

Flexible budget= Wages and salaries Cost formula per month+Actual activity press runs*Wages and salaries per press runs+Actual activity book set-ups*Wages and salaries book set-up

Let plug in the formula

Flexible budget=$8,850+201*400+110*950

Flexible budget=$193,750

Therefore the wages and salaries in the flexible budget for July would be closest to $193,750

7 0

3 years ago

Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $70,000 and $3,600, r

tatyana61 [14]

Answer:

Uncollectible account expense $8,600

Explanation:

The computation of the amount as the Uncollectible Accounts Expense on its Year 2 income statement is given below:

Allowance account - Beg year 2 $3,600 Credit

Written off account $6,600 Debited by

Unadjusted balance in Allowance account $3000 Debit

Adjusted balance required in Allowance account $5,600 Credit

Uncollectible account expense $8,600

6 0

3 years ago

The debt to owners' equity ratio is a common type of liquidity ratio

s344n2d4d5 [400]

Answer: No

Explanation: D/E is a solvency ratio. Liquidity ratios are quick and current ratios.

5 0

3 years ago

Suppose you hit a 0.058-kgkg tennis ball so that the ball then moves with an acceleration of 10 m/s2m/s2. If you were to hit a b

daser333 [38]

Answer:

1 m/s2

Explanation:

The force on a body ( which is a pull or push) is given by the formula

F = Ma

where F is the force, a is the acceleration and M the mass of the body

Therefore, given that the same force is applied to both bodies,

0.058 × 10 = 0.58 × a

a = 0.058 × 10/0.58

a = 1 m/s2

The acceleration of the basketball will be 1 m/s2.

8 0

4 years ago