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pishuonlain [190]
3 years ago
13

A company manufactures a single product. During the manufacturing process, a small number of units do not pass final inspection

and are destroyed. What is the appropriate accounting treatment for the cost of these units
Business
1 answer:
faust18 [17]3 years ago
5 0

Answer:

Added to the cost of good units produced

Explanation:

If the goods that do not pass the final tests are destroyed, it means they do not have any residue value. The items are, therefore a production loss to the company.

For accounting purposes, the cost of the defective will be the same as the cost of quality products. They use the same raw materials, labor and production process.  To the account, the difference is that the good product is sold, but the other is destroyed. The total costs of damaged items should be added to the cost of production and spread to all quality produced units.

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bagirrra123 [75]

<u>Answer:</u>  Personal goals and team fit.

<u>Explanation:</u>

As a student I would not have any experience which I can talk about at the job interview. It is important that I show case my personal goals which are short term and long term career goals. I also need to show that I desire to join the team and have the ability to work as a good team member.

The common skills required to fit into a team such as management skills, leadership skills, communication skills, time management skills, organizing skills etc employers will not understand when I fail to take time to develop these skills.

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Scenario: Technological Progress and Productivity Growth in Techland In Techland, from 1980 to 2010, holding technology and huma
andre [41]

Answer:

The growth of the real GDP per capita was 7.18%

Explanation:

It is important to establish that:

Future Value = Present Value × ((1 + r)^t), given that <em>r</em> is the <em>interest rate</em> and <em>t</em> is the <em>time period</em>  

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Therefore, we have;

320000 = 40000*(1+r)^30    

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1 + r = 8^1/30    

1 + r = 1.0718    

r = 0.0718 = 7.18%

8 0
3 years ago
A company purchased a machine for $8,000, the estimated value of the equipment at the end of its 6-year useful life is $600. Com
vfiekz [6]

Explanation:

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6 0
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Read 2 more answers
Which of the following statements regarding GDP is correct?
nirvana33 [79]

Answer:

Correct option is (a)

Explanation:

GDP or Gross domestic product includes monetary value of all goods and services produced within a country. It includes all private and public investments and exports less taxes and imports.

Option b, c and d are incorrect as GDP accounts for only domestic production and not foreign activities. Details about how income is distributed is not given by GDP. GDP provides details about economic condition of the nation. GDP does not indicate wholesome well being of the nation like human development, infant mortality and standard of living.

GDP accounts for factory production but does not account for any production carried out at the cost of environmental degradation.

3 0
3 years ago
Which of the following statements about renting &amp; owning is correct?
ycow [4]
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8 0
3 years ago
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