Work in process inventory
Explanation:
The overall costs assigned to the department is shown in a costing system for "work in the process inventory"
Work in the process stock shows all costs of the product manufacture and the applicable overhead is also charged to the process stock account.
With goods at various stages of the production process, the WIP applies to the raw materials, the work and overhead costs involved. WIP is part of the balance sheet inventory asset account. These costs will then be converted to the finished product account and ultimately to sales costs.
The correct answer is A.
Google’s relaxed and non-traditional culture is one aspect of their business model.
Answer:
a. Overstates Inflation.
In the case of Mary and Bob, the CPI would have already increased but in this case the price of the minivan increased as well. This will overstate inflation because it will not measure the general rise in price alone (inflation), it will also measure the rise in price as a result of the new minivan having better features.
b. Understated Inflation
Donna's case represents an understated inflation because the quantity shrank yet the price stayed the same. This means that the price is now buying less quantity than it used to which is inflation because more dollars are now required to buy the previous amount. This was not however recorded as there was no change in price.
c. Overstates Inflation
In the case of Zach, the inflation will be overstated because Zach is no longer buying bagels and is now buying muffins so continuing to use bagels as a representative good in the basket of goods used to calculate CPI would be overstating it.
d. Accurate representation of Inflation
In Chris's case, the increase in the price of the same shoe over the years has been because of a general rise in prices and not because it is a different model. It is the same shoe and its price is rising generally so this is an accurate depiction of inflation.
Answer:
Cost of Truck = $26360
Explanation:
given data
cash price = $22,280
accident insurance = $1,940
sales taxes = $1,730
motor vehicle license = $250
painting and lettering = $2,350
solution
we know that Accidental insurance and the vehicle license are not include in cost of truck because there are yearly cost so that cost of the truck will be as
cost of the truck = cash price + sales taxes + painting and lettering ..............1
put here value we get
Cost of Truck = $22,280 + $1,730 + $2,350
Cost of Truck = $26360
