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Simora [160]
3 years ago
15

Which of the following product costing methods produces the most precise product costing information? Select one: A. Organizatio

n-based costing B. Activity-based costing C. Departmental overhead rate methods D. Plantwide overhead rates
Business
1 answer:
Doss [256]3 years ago
8 0

Answer:

The correct answer is letter "B": Activity-based costing.

Explanation:

Activity-Based Costing or ABC is a type of managerial accounting that assigns certain indirect costs to the item that generates the bulk of those costs. In the industrial sector, ABC is mainly used to help measure the true cost of output per unit. Compared to other costing methods, ABC provided more clear information because it considers information about the <em>company's activities, the quantity of those activities and their costs</em> in the production process.

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Select all that apply Determine which of the following statements are correct descriptions of a subsidiary ledger. (Check all th
djyliett [7]

Answer:

- The balance in the subsidiary ledger will equal the balance of its supported account in the general ledger.

- The account which the subsidiary ledger supports in the general ledger is called a control account.

- It is a supporting ledger that contains detailed information about a general ledger account.

- Two of the most common subsidiary ledgers are for Accounts Payable and Accounts Receivable.

Explanation:

A subsidiary ledger is defined as a supporting ledger that contains details of an account on the general ledger.

It gives a breakdown of the single amount that reflects in a general ledger account.

For example if the accounts payable account has a balance of $50,000, the subsidiary ledger will show the individual transactions that make up the $50,000.

Therefore the balance of the subsidiary ledger will equal the amount in the general ledger account.

5 0
2 years ago
The market for a good was in equilibrium. A change occurred which resulted in a new equilibrium with a higher price for the good
aev [14]

Answer:

C) The supply curve moved to the left.

Explanation:

A supply curve shift to the left due to a reduction in the quantity supplied to markets. When the market is at equilibrium, a decrease in supply will likely to create a shortage. Buyers will compete to buy the few available items at the price that suppliers will demand. Suppliers will take advantage of the " increase " in demand to raise prices.

A reduced supply means that the quantity available in the market decreases. At equilibrium, the quantity supplied matches demand, but when supply decreases, the quantity supplied also decreases.

4 0
3 years ago
. If the Federal Reserve raises interest rates in an autonomous tightening ________. A) the MP curve shifts up, there is an upwa
Tasya [4]

Answer:

A the MP curve shift up ,there is an upward movement along the IS curve

7 0
3 years ago
The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation:
shtirl [24]

Answer:

Find the balance sheet in attached excel file

Explanation:

Please note that the workings is before the final figures placed in respective columns.

Download xlsx
6 0
3 years ago
You purchase a bond with an invoice price of $1,095. The bond has a coupon rate of 9.9 percent, semiannual coupons, and a par va
dolphi86 [110]

Answer:

The clean price of the bond is $1,062.

Explanation:

Accrued interest is the coupon payment for the period times the fraction of the period that has passed since the last coupon payment. Since we have a semiannual coupon bond, the coupon payment per six months is one-half of the annual coupon payment. There are two months until the next coupon payment, so four months have passed since the last coupon payment. The accrued interest for the bond is:

Accrued interest = $99/2*4/6

                            = $33

And we calculate the clean price as:

Clean price = Dirty price – Accrued interest

                   = $1,095 – 33

                   = $1,062

Therefore, The clean price of the bond is $1,062.

7 0
3 years ago
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