Would a macroeconomist be interested in how individual consumers respond to an increase in taxes on gasoline?

Which of the following is true of the process-costing system? a.It uses multiple work-in-process accounts for manufacturing firm

sveticcg [70]

Answer:

a. It uses multiple work-in-process accounts for manufacturing firms.

Explanation:

"Companies use process cost systems to apply cost to similar products that are mass-produced in a continuous fashion.

[...] companies track costs through a series of connected manufacturing processes or departments, rather than by individual jobs. Thus, companies use process cost systems when they produce a large volume of relatively homogeneous products"

Reference: Weygandt, J. J., Kimmel, P. D., & Kieso, D. E. (2009). Managerial accounting: tools for business decision making. John Wiley & Sons. pp 100-101

6 0

4 years ago

On-line education and correspondence courses are both examples of

andrey2020 [161]

Answer:

The correct answer is C

Explanation:

Distance learning is the one of the method for the studying, where the lectures are broadcasted or the classes are performed by correspondence or on the Internet, without the need or requirement of the student to attend the school or the college.

So, the on line education as well as the correspondence courses are example of the distance learning, which is also known as the distance education.

5 0

3 years ago

Read 2 more answers

Matt knows that one of the goals of value-based marketing is to provide greater value to consumers than competitors offer. To ac

vodka [1.7K]

Answer:

A. in order to value each person in the organization

Explanation:

4 0

3 years ago

Kearney Inc. has a factory with the following characteristics: direct labor of $82056, direct materials of $52432 fixed overhead

frutty [35]

Answer:

The amount of cost from Pool A that is allocated to LQ6 is $7,802.

Explanation:

Since Pool A includes all variable overhead and uses direct labor as the allocation base, we can obtain the following from the question:

Direct labor = $82,056

Variable overhead = $146,362

Number of labor hours used by LQ6 = 162

Factory's labor costs per hour = $27

Therefore, we have:

Factory's labor cost of LQ6 = Number of labor hours used by LQ6 * Factory's labor costs per hour = 162 * $27 = $4,374

Variable over allocated to LQ6 from Pool A = (Factory's labor cost of LQ6 / Direct labor) * Variable overhead = ($4,374 / $82,056) * $146,362 = $7,801.83518572682

Rounding to whole number of $ as required, we have:

Variable over allocated to LQ6 from Pool A = $7,802

Therefore, the amount of cost from Pool A that is allocated to LQ6 is $7,802.

4 0

3 years ago

A company produces a single product. Variable production costs are $12.30 per unit and variable selling and administrative expen

Jobisdone [24]

Answer:

Ending inventory= $6,765

Explanation:

Giving the following information:

Variable production costs are $12.30 per unit

Assuming a beginning inventory of zero, production of 4,300 units, and sales of 3,750 units.

The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead) to calculate production costs.

Units in ending inventory= 550

Ending inventory= 12.3*550= $6,765

5 0

3 years ago