All categories

3 years ago

Process costing is applied to operations with repetitive production and customized products. True or False

Business

1 answer:

Advocard [28]3 years ago

3 0

Answer:

False

Explanation:

Process costing systems are usually applied by companies that mass produce large volumes of standardized or nearly identical units on a continuous basis. It is not applied in the manufacturing of customized units.

The main advantages of process costing systems are that they are more flexible when management wants to introduce changes to the production process, and it can be used by management to determine which processes or materials can be targeted in order to lower costs.

You might be interested in

How a society's culture affects the values found in the workplace is considerably important to an international business with op

sergejj [24]

The correct answer to this open question is the following.

How a society's culture affects the values found in the workplace is considerably important to an international business with operations in different countries.

Answer:

Society has a series of elements that identify it due to its culture, beliefs, and traditions. These elements are part of the workplace in that employees and employers have a way to relate to each other in different moments, according to the culture and philosophy of the company.

So when a multinational company starts operations in another country, it has to be very aware of the culture, belief systems, and traditions of the people in that new country.

This is of the utmost importance to avoid misunderstandings. There has to be a kind of fusion of cultures to create a new one that serves the goals of the company, understanding ad respecting the local culture.

Without this understanding, the company is prone to have a bad mood, opposition, and negative attitudes from employees.

3 0

3 years ago

Who do yall want president let me know i choose biden..

Sladkaya [172]

Answer:

TRUMP MAKE AMERICA GREAT AGAIN !!!!!!!!!

Explanation:

8 0

3 years ago

After the accounts have been adjusted at November 30, the end of the fiscal year, the following balances were taken from the led

Elenna [48]

Answer:

Nov-30

Dr Fees Earned $1,150,000

Cr Wages Expenses $613,750

Cr Rent Expenses $120,000

Cr Supplies expense $9,150

Cr Miscellaneous expenses $11,000

Cr Retained earnings $396,100

Nov-30

Dr Retained Earnings $25,000

Cr Dividends $25,000

Explanation:

Preparation of the two journal entries required to close the accounts.

Nov-30

Dr Fees Earned $1,150,000

Cr Wages Expenses $613,750

Cr Rent Expenses $120,000

Cr Supplies expense $9,150

Cr Miscellaneous expenses $11,000

Cr Retained earnings $396,100

[1150000-613750-120000-9150-11000]

(To close revenues and expenses)

Nov-30

Dr Retained Earnings $25,000

Cr Dividends $25,000

(To close Dividend)

6 0

3 years ago

Which of the following is NOT included in the calculation of GDP?

viktelen [127]

Answer:

The correct answer is option C.your granny's monthly social security payment

Explanation:

Judging from the formula used in computing the GDP,option A relates to household consumption as the new textbook is not for resale.

Option B also points to household consumption expenditure,as the cup of coffee is for household usage.

Option C does not have a place in the formula as it is not a payment for a good or service.It is a payment that cannot be tied to any transaction.Hence,option C is your best bet.

Paying wages means parting with money in return for value-adding services,so it features in the GDP computation.

7 0

3 years ago

Lenny loves physics and math. In which Energy career pathway would these interests be the most helpful?

Vilka [71]

Answer:

For t

Explanation:

it will be analysis

3 0

3 years ago

Read 2 more answers