Answer:
Identification of Features Applying More to Job Order Operations, Process Operations, or Both:
Features
1. Cost object is a process. Process Operations
2. Measures unit costs only at period-end. Process Operations
3. Uses indirect costs. Both
4. Transfers costs between Work in
Process Inventory accounts. Process Operations
5. Uses only one Work in Process account. Job Operations
6. Uses materials, labor, and overhead costs. Both
Explanation:
The main difference between the two operations is the manner costs are accumulated. Job operations accumulate costs for different jobs that are not similar. Process operations accumulate costs to show the process a product passes through. The product of a process operation is not unique like the product of a job operation.
Answer:
2. Small household: 1-2 members.
Explanation:
The small household will require lesser things. The Sauber washer-dryer combo is suitable for small houses where there are 1 or 2 people living there. It is suitable for newly wed couple or old aged couple or 2 people living together on sharing basis. The best suited is to target such households for marketing of new washer dryer combo.
Answer:
Instructions are below.
Explanation:
We weren't provided with enough information to answer the request. <u>But, I will give an example and formulas to guide an answer.</u>
<u>For example:</u>
Production in units:
May=20,000
June= 22,000
Beginning inventory of direct materials= 8,000
<u>To calculate the purchase for May, we need to use the following formula:</u>
Purchases= production + desired ending inventory - beginning inventory
Purchases= 20,000*7 + (22,000*7)*0.29 - 8,000
Purchases= 176,660 pounds
Answer:
Target costing
Explanation:
Target costing is a demand-based pricing strategy in which the budget is determined based on a target cost that is stablished according to the customer's willingness to pay. The cost of production added to the desired profit margin should not surpass the customer's willingness to pay in order for this method to be applied.
