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jasenka [17]
3 years ago
5

Which of the following statements is (are) false?(A) Operations costing accounts for material costs like job costing and convers

ion costs like process costing.(B) An automobile manufacturer is more likely to use an operations costing system than a process costing system. A. A only.B. B only.C. Both A and B.D. Neither A nor B.
Business
1 answer:
Airida [17]3 years ago
6 0

Answer:

C. Both A and B

Explanation:

Operation Costing:

is the acccount of process costing until there is a split-point when the costing systems moves to job system.

This means the materials are calculate with calculate with process costing. And then there is a degree of customization which makes the job costing useful.

(A) FALSE is the other way around. The system use process costing until split point, when it switch to job costing for specific procedures.

(B) FALSE

An automobile manufacturer do the same car over and over.

There is no difference between the car. It will use process costing.

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A medical group practice is considering offering a new service with risk that is greater than the current risk of the business.
zlopas [31]
Stick to the regular risk and not the new one
4 0
3 years ago
A weekly time ticket for Joyce Caldwell follows: Direct Labor Time Ticket Dates: Monday 8/13 − Friday 8/17, 2018 Ticket Number:
dusya [7]

Answer:

Wages  for Job 271= 16* 31= $ 496

Wages  for Job 272= 8 *31= $ 248

Wages  for Job 273= 31*16= $ 496

Explanation:

Job 271, 8+8= 16 hours

Wages  for Job 271= 16* 31= $ 496

Job 272, 4+ 4= 8 hours

Wages  for Job 272= 8 *31= $ 248

Job 273 Weekly =40 - 16- 8= 16 hours

Wages  for Job 273= 31*16= $ 496

Working:

                                      Direct Labor Time Ticket

Dates:

Monday 8/13 −

Friday 8/17, 2018

Ticket Number: TT 338                                 Employee: Joyce Caldwell

                      Date           Time Started           Time Ended        Total Hours

Job Number  8/12/2018      7:00 AM               3:00 PM                   8 hours

Job 271        8/13/2018           7:00 AM             3:00 PM                8 hours

Job 271          8/14/2018        7:00 AM               3:00 PM                8 hours

Job 272            8/15/2018     7:00 AM               11:00 AM               4 hours

Job 272           8/15/2018        12:00 PM            4:00 PM            4 hours

Maintenance 8/16/2018         7:00 AM             3:00 PM            8 hours

Job 273

Weekly Totals 40 hours

Hourly Labor Rate × $31 Total Wages Earned $1,240

7 0
3 years ago
On January 1, 2018, Allgood Company purchased equipment and signed a six-year mortgagenote for $186,000 at 15%. The note will be
Ne4ueva [31]

Answer:

The correct answer is A: interest= $21048

Explanation:

An amortization schedule is a complete table of periodic loan payments, showing the amount of principal and the amount of interest that comprise each payment until the loan is paid off at the end of its term. While each periodic payment is the same amount early in the schedule, the majority of each payment is interest; later in the schedule, the majority of each payment covers the loan's principal.

Each payment is the same ($49,148), but the proportions of interest and capital pay changes. The interest proportion decreases from pay to pay.

Loan= 186000

i= 15%

n= 6 years

First pay:

i=186000*0,15=27900

amortization= 49148-27900=21248

Second pay:

i=(186000-21248)*0,15=24712

amort=49148-24712=24436

Third pay:

i=(164752-24436)*0,15=21048

amort=49148-21048=28100

While payments progress, interest decreases and amortization increases.

5 0
2 years ago
Which of the following accurately describes the effect target costing has on the manufacturing design function? Select one: A. T
UkoKoshka [18]

Answer:

B. Target costing forces design engineers to explicitly consider the costs of manufacturing and other aspects of business that traditionally fall outside the engineering department

Explanation:

Target costing needs the design engineers to be active in meeting their customers projection, but it must be inside the target cost requirements. Engineers can not afford to just have their attention on the function and form of design, they must also observe cost under Target costing.

5 0
3 years ago
g n a process cost system, 108,000 units of a product are assembled in Department F with total product cost (DM, DL, and FO) $90
ivolga24 [154]

Answer:

Journal Entry

Debit Department G Work in Process $90,000

Credit Department F Work in Process $90,000

To record the transfer of product cost from Department F to Department G.

Explanation:

a) Data and Calculations:

Number of units assembled in Department F = 108,000

Total product cost (DM, DL, and FO) = $90,000

Additional inspection cost in Department H = $26,000

Total product cost = $116,000 ($90,000 + $26,000)

Transfer of product cost from Department F to Department G:

Department G Work in Process $90,000

Department F Work in Process $90,000

4 0
2 years ago
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