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Juliette [100K]
3 years ago
8

Companies that manufacture identical items through a series of uniform production steps use ________ to determine the cost per u

nit produced. a) a job order costing system b) a process costing system c) both of these systems d) neither of these systems
Business
2 answers:
sergij07 [2.7K]3 years ago
6 0

Companies that manufacture identical items through a series of uniform production steps use to determine the cost per unit produced a process costing system.- b)

Gnom [1K]3 years ago
3 0

Companies that manufacture identical items through a series of uniform production steps use to determine the cost per unitproduced a process costing system.

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Condensed financial data of Swifty Company for 2020 and 2019 are presented below. SWIFTY COMPANY COMPARATIVE BALANCE SHEET AS OF
Alla [95]

Answer:

Swifty Company

Explanation:

a) Data and Calculations:

SWIFTY COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019                             2020            2019      

Cash                                                   $1,770             $1,170

Receivables                                         1,780              1,300

Inventory                                             1,570              1,880

Plant assets                                        1,870               1,710

Accumulated depreciation               (1,210 )            (1,190 )

Long-term investments

 (held-to-maturity)                            1,290               1,430

Total assets                                    $7,070           $6,300

Accounts payable                           $1,200             $900

Accrued liabilities                               200                250

Bonds payable                                 1,430              1,580

Common stock                                1,860              1,730

Retained earnings                          2,380              1,840

Total liabilities and equity            $7,070           $6,300

SWIFTY COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020

Sales revenue                                   $6,820

Cost of goods sold                             4,640

Gross margin                                       2,180

Selling and administrative expenses    910

Income from operations                     1,270

Other revenues and gains

Gain on sale of investments                  80

Income before tax                              1,350

Income tax expense                            550

Net income                                          800

Cash dividends                                   260

Income retained in business           $540

Additional Information:

a) Issue of Common stock for plant assets = $80

Adjustments for cash transactions:

Receipts:

Customers = $1,300 + $6,820 - $1,780 = $6,340

Sale of investment = $1,430 - $1,290 = $140

Common stock = $1,860 - $1,730 - $80 = $50

Payments:

Suppliers = $900 + $4,330 - $1,200 = $4,030

Expenses = $250 + $910 - $200 = $960

Bonds = $1,580 - $1,430 = $150

Plant = $1,870 - $80 - $1,710 = $80

Purchases = $1,570 + 4,640 - $1,880 = $4,330

Statement of Cash Flows for the year ended December 31, 2020:

Cash flows from operating activities:

Receipt from customers                   $6,340

Payment to suppliers                         (4,030)

Payment for services                           (960)

Income tax expense                            (550)

Net cash from operating activities      800

Cash flows from investing activities:

Receipt from sale of investments      $140

Purchase of plant assets                      (80)

Net cash from investing activities        60

Cash flows from financing activities:

Issue of Common stock                     $50

Payment to bondholders                   (150)

Payment to stockholders                  (260)

Net cash from financing activities    (360)

Net cash flows                                 $500

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A business plan composes of many key components and one of this is the products and services. Therefore, when reviewing a business plan, the life cycle of the product is important because it would help establish expectations regarding how often the customer will need the business. The answer to this would be option D. Hope this helps.
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Step2247 [10]

Non-price competition is a marketing strategy in which one firm tries to distinguish its product or service from competing products on the basis of attributes like design and workmanship. Consequently, the answer is:

  • advertisement- physical characteristics

<h3>Advertising</h3>

The most common or basic form of non-price competition is advertising. Non-price competition in economics consists of expenditures that are promotional such as sales promotion, coupons, advertising, and others. It also consists of the development of the new products, marketing research, and costs of brand management.

Therefore, the correct answer is given above.

Learn more about Non-price competition from here: brainly.com/question/6429008

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A check provided to you by a credit card issuer that you can use to access your credit card line of credit is called a:
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You and several classmates are studying for the next accounting examination. They ask you to answer the following questions: (Ro
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