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alekssr [168]
3 years ago
13

Classifying costs as materials, labor, or factory overhead

Business
1 answer:
kolbaska11 [484]3 years ago
6 0

Answer:

The answer is:

A - direct materials cost

B - factory overhead cost

C- factory overhead cost

D - factory overhead cost

E - direct labor cost

F - factory overhead cost

G - direct material cost

H - factory overhead cost

I - material cost

J- direct labor cost

Explanation:

Material cost is the cost of materials used to produce a firm's product.

Labor cost is the total cost of all wages paid to employees

Overhead cost is the cost not directly attributed to creating a product

A - direct materials cost

B - factory overhead cost

C- factory overhead cost

D - factory overhead cost

E - direct labor cost

F - factory overhead cost

G - direct material cost

H - factory overhead cost

I - material cost

J- direct labor cost

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Mekhanik [1.2K]

Compared to a physical good, it is more challenging to trade. A good is a tangible thing that can be purchased, handled, and used. A service is an action performed for clients who pay for it.

A tangible asset exists physically. Comparatively speaking to an intangible asset, it is comparatively simple to trade. A product can be an intangible offering involving a deed, performance, or effort or it can be a tangible physical good or service. Marketing managers need to be aware of potential distinctions between products and services in order to succeed. For the entire firm, marketing managers are in charge of creating, planning, and carrying out strategic marketing programs that will draw in new clients and keep old ones coming back. A company's overall plan for reaching out to potential customers and converting them into buyers of their goods or services is referred to as a marketing strategy.

To learn more about marketing strategy here

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8 0
1 year ago
Madrid Company plans to issue 9% bonds with a par value of $5,300,000. The company sells $4,770,000 of the bonds at par on Janua
ASHA 777 [7]

Answer and Explanation:

The journal entry are as follows

1. Interest expense $214,650

       To Cash $214,650

(Being the first interest payment is recorded)

The computation is shown below

= $4,770,000 × 9%  × 6 months ÷ 12 months

= $214,650

For recording this we debited the interest expense as it increased the expenses while on the other hand the cash is paid which reduced the cash balance so it is credited

2. Cash $530,000

      To Bond payable $530,000

(Being the cash sale of bond is recorded)

For recording this we debited the cash as cash is received that increased the cash balance and at the same time we credited the bond payable

5 0
3 years ago
When a financial instrument includes a _________ provision, allowing the issuer to the option to retire the financial instrument
Oduvanchick [21]

Answer:

The correct word for the blank space is: callable.

Explanation:

A Callable Provision -typically referred when talking about bonds- is one that can be paid back to the issuer partially or in full before its maturity date. This provision allows the financial instrument issuer to replace higher than market instruments with ones lower.

8 0
3 years ago
Why is it necessary for us to have knowledge and professional education? show the relationship between education and professiona
Dominik [7]

Answer:

In terms of knowledge, it is more important because you have to be knowledgeable to handle situation. Whereas, professional education help you in think big and broad not shallow, in order to be an hero to over situations in life. THE relationship between them is to be professional and your have to be knowledgeable.

5 0
3 years ago
The human resource (HR) department of Wardund, an event management company, sent emails to all the employees of the firm, inviti
Marysya12 [62]

Answer:

d. internal recruitment

Explanation:

Internal recruitment is a human resources strategy that seeks to fill vacant job positions from the existing workforce. In internal recruitment, existing employees are given priority whenever a senior position becomes available. The business will usually request qualified and willing employees to apply for the job. The successful applicant will then be promoted to a new role.

Internal recruitment may also involve employees moving within the same level but of different roles.   Advantages of internal recruitment include.

  1. Quicker and more affordable to  recruit
  2. Existing employees are familiar with the business and its operations
  3. Promotions within the company are a motivating factor for employees.
  4. The business knows the strengths and weaknesses of each employee.
7 0
3 years ago
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