Complete question:
Compton Corporation, with operations throughout the country, will soon allocate corporate overhead to the firm's various responsibility centers. Which of the following is definitely not a cost object in this situation?
A) The maintenance department.
B) Product no. 675.
C) Compton Corporation.
D) The Midwest division.
E) The telemarketing center.
Answer:
Compton Corporation is definitely not a cost object in this situation
Explanation:
A cost object is a concept commonly used in financial reporting to describe the costs. Definitions commonly found in expense items include: product lines, geographical areas, clients, teams or anything else handling the costs.
Any object to which costs are independently calculated is a cost entity. In an organization, an expense item can be, for example a team, workmanship, production line or procedure.
For example, the costs of construction, customer support or revamping of a returned product may be tracked.
Answer:
a. cross-functional team
Explanation:
In this case, the most appropriate is the use of a cross-functional team.
This team is formed by several professionals with knowledge, techniques, skills and resources to help the company achieve its goals and objectives.
The benefits of forming a cross-functional team is to aggregate the potential of each member in a common objective, which ensures greater flexibility of ideas, greater innovation, greater exchange of experiences, which guarantees greater team engagement, greater possibility of designing solutions and greater efficiency in organizational processes.
Answer:
$ 661,000
Explanation:
Solution
Given that:
Since the lease meets none of the capital lease categorization criteria ,The lease is an called a lease that is operating and the asset will stay in books of lessor
Lease revenue $1524000
less:
Maintenance $123000
Depreciation $740000 $863000
Income before taxes $661000
Therefore, The amount of expense incurred by Riggs from this lease for the year ended December 31, 2021 is $ 661,000
TRUE. A company might conduct full-scale practice drills, including closing a building and working from a remote location, in order to test its contingency plans
