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Zarrin [17]
3 years ago
12

A new advertising agency serves a wide range of clients including manufacturers, restaurants, service businesses, department sto

res, and other retail establishments. The accounting system the advertising agency has most likely adopted for its record keeping in accumulating costs is:
A. Relevant costing.
B. Operation costing.
C. Job-order costing.
D. Process costing.
Business
1 answer:
sweet-ann [11.9K]3 years ago
8 0

Answer:

C. Job - order costing

Explanation:

Job - order costing -

It is used by the organization , when the goods and services of the organization are readily identifies by separate batches or units .

The agency that will advertise accumulates its cost through the client .

The method of job - order costing is the most apt system for a non - manufacturing firms .

Hence , from the data of the question , the correct answer is ( C ) Job - order costing .

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1. Graphically illustrate and explain the effects of an increase in the rate of technological progress on the Solow growth model
ch4aika [34]

Answer:

Explanation:

The Solow Growth Model is a short run growth model of economic growth which shows or illustrates the changes in the level of output in an economy over time, as a result of changes in

- savings rate

- population growth rate

- rate of technological progress.

The diagram attached explains the model.

In the short run, increase in technology will increase the output per worker (looking from the microeconomic perspective) and the aggregate output (looking from the macro perspective) in the economy.

This increase in output is later stabilized in the long run.

6 0
3 years ago
Rachel borrows money from her bank to buy a car. What type of bank service
Naya [18.7K]

Answer:

D

Explanation:

A loan refers to money borrowed by people or organisations from the bank

8 0
2 years ago
"Choate International plans to issue $15 million in 10-year bonds. They believe they can afford to pay $1,150,000 in interest to
Rudiy27

Answer:

They should use interest rate of 7.7%

Explanation:

The rate (let's call it r) should be that the annual interest of the $15,000,000 that they borrow through isssuing bond is $1,150,000

Then 15*10^6 * r = 1,150,000 => r = (1.15*10^6)/(15*10^6) = 0.077 or 7.7%

<u>Note:</u> $1,150,000 is the annual amount they could set aside for paying interest, so they should use 7.7%. If it's lower than what market requires they will have to sell the bond at a discount. If it's higher than is required they the bond would be bought at a higher price than par-value.

4 0
3 years ago
In the U.S., most of the agricultural land is controlled by which type of farms?
olga_2 [115]
A small farm hope i help
6 0
3 years ago
Read 2 more answers
Required information Problem 17-3A Applying activity-based costing LO P1, P3, A1, A2, C3 [The following information applies to t
oksano4ka [1.4K]

Answer:

Craft Pro Machining

The overhead cost for each unit of the jobs:

                                    Job 3175        Job 4286

Number of units          200 units      2,500 units

Direct labor hours      500 DLH       4,375 DLH

Plantwide overhead rate = $371.28205

Overhead allocation $185,641.03   $1,624,358.97

Unit overhead cost    $928.21         $649.74

Explanation:

a) Data and Calculations:

Production Activity    Indirect Labor   Indirect Materials  Other Overhead Grinding                      $ 320,000

Polishing                      $ 135,000

Product modification     600,000

Providing power        $ 255,000

System calibration        500,000

Total overhead cost $1,810,000

Additional information on the drivers for its production activities follows.

Grinding                           13,000    machine hours

Polishing                          13,000    machine hours

Product modification        1,500     engineering hours

Providing power             17,000     direct labor hours

System calibration             400      batches

                                  Job 3175        Job 4286

Number of units          200 units      2,500 units

Machine hours            550 MH        5,500 MH

Engineering hours        26 eng. hours 32 eng. hours

Batches                         30 batches      90 batches

Direct labor hours      500 DLH       4,375 DLH   4,875 DLH

Plantwide overhead rate based on direct labor hours:

= Total overhead costs/Total direct labor hours

= $1,810,000/4,875

= $371.28205

5 0
3 years ago
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