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never [62]
3 years ago
7

Which of the following is a key document in a typical process-costing system? A. Departmental production report. B. Sequential p

roduct report. C. Production budget. D. Master schedule. E. Materials requirement report.
Business
1 answer:
quester [9]3 years ago
8 0

Answer: Option A

     

Explanation: A Departmental Manufacturing cost Report (CPR) indicates all expenses that a division may be paid. Not only is it the origin of detailed journal entries at just the end of this month, but it is also the best effective method to view and dispose of the accrued costs over the month.

A departmental cost report depicts:-

1. Total unit costs out of a previous division moved to it.

2. The division included supplies, staff, and overhead warehouse.

3. The cost per unit of the division included.

4. Average and unit expenses incurred at the bureau's conclusion of activities.

5. Through process inventory levels, the expense of start and finish research.

6. Price moved to a successor division or storage of finished products

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Non price competition price leadership and cartels are models in the ____ market structure(s)
Degger [83]
<span>These are monopoly market structures. This is where the person or company selling items does not face competition and is the only person or company selling the items with no competitor that has a close substitute. This is an imperfect kind of competition.</span>
5 0
3 years ago
A delivery truck costing $25,000 is expected to have a $1,500 salvage value at the end of its useful life of four years or 125,0
Helga [31]

Answer:

a.

Depreciation expense year 2 Straight line = $5875

b.

Depreciation expense year 2 Double declining = $6250

c.

Depreciation expense year 2 units of activity = $5264

Explanation:

a.

Straight line method is a depreciation method that charges a constant depreciation expense through out the useful life of the asset. Straight line depreciation per year is,

Straight line depreciation = (Cost - Salvage value) / Estimated useful life

Straight line depreciation = (25000 - 1500) / 4    =  $5875 per year

Straight line rate = 100% / 4 = 25%

b.

Double declining balance is an accelerated method of depreciation that charges more depreciation in the initial years and less in later years. Double declining balance depreciation is calculated as follows,

Depreciation expense = 2 * Straight line rate * Book value at start of the period

Depreciation expense year 1 = 2 * 0.25 * 25000     = $12500

Book value at start of year 2 = 25000 - 12500 = $12500

Depreciation year 2 = 2 * 0.25 * 12500  =  $6250

c.

The units of production method charges depreciation based on the activity for which asset is used as a proportion of the estimated useful life in terms of activity.

Depreciation expense year 2 = (28000 / 125000) * (25000 - 1500)

Depreciation expense year 2 = $5264

7 0
2 years ago
Fong contracts to buy a franchise from Genuine Asian Sushi House Company. In this contract, as in most franchise contracts, the
seraphim [82]

Answer:

Genuine Asian Sushi House Company

Explanation:

Franchise is the term which is defined as the authorization that is granted by the company or a government to a person or an individual or group enabling them for carry out the particular commercial activities.

So, in this situation, Fong had an agreement to buy the franchise from the Genuine Asian Sushi House Company. Therefore, the determination of the territory will be served and it is to be made by the Genuine Asian Sushi House Company as they are the one who is granting the franchise.

7 0
2 years ago
To maximize its profit, a producer should set a price (and produce that related output) where:A. marginal cost is just less than
marin [14]

Answer:

The correct answer is A.

Explanation:

To maximize the profit you need to set a price where marginal cost equals marginal income. If marginal income is higher than marginal cost, each additional unit will increase income. If the marginal cost is higher than the marginal income, each additional unit will decrease income. Therefore, to maximize profit Cmg=Img.

3 0
3 years ago
Waldo consumes only apples and bananas and bananas are an inferior good for him. The price of apples increases, but there is an
Lynna [10]

Answer:

The correct answer to this question is option C

Explanation:

Solution

Any difference curve will show all the combinations of goods that gives the consumer the same level of utility or same level of satisfaction.

For this, after the change Waldo will by more bananas and few apples

From the given question, The right answer here is option C

6 0
3 years ago
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