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belka [17]
4 years ago
13

The process cost summary presents calculations of the cost of units completed during the reporting period, but does not present

any information about the ending goods in process inventory. True or false?
Business
1 answer:
algol134 years ago
4 0

The statement "The process cost summary presents calculations of the cost of units completed during the reporting period, but does not present any information about the ending goods in process inventory" is False

Explanation:

An overview of the cost of the process is a manufacturing report which shows the costs, generated units and the cost for production models of a department. This report, in other words, summaries all of the department or process ' manufacturing activities.

The specific production processes and related expenses must first be established to assess a cost of production in a process costing system. The total costs per process over the duration must be calculated by the amount of units produced during that time until processes and expenses are recognised.

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A for-profit institution that works with the general public to open and manage
ANEK [815]

Answer:

B. savings bank

Explanation:

Savings bank is defined as a bank which helps customers or people to invest or deposit in interest giving accounts that will give a long term investment.

Savings bank were started in Europe in the 19th century. Saving banks gives interest on the deposit amount that is why its is a for-profit institution for general public. The interest saving banks give by investing in government and corporate debt.

Hence, the correct answer is "B. savings bank".

5 0
3 years ago
A new business owner is speaking with her marketing director about the possibility of creating a marketing plan for the business
Digiron [165]

Answer:

Businesses whether large or small are set up to make profits by satisfying customers' needs and a marketing plan helps achieve this goal.

Creating a marketing plan should therefore not depend on the size or age of the business.

Explanation:

Every business, whether large or small, has marketing goals and needs a marketing plan to help determine how it will use its available resources to best reach its customers.

With a marketing plan, a business can <em>identify its target market and competitors, determine how it wants to position its products to compete, and set marketing goals</em> that can be monitored and achieved.

Generally, <u>a marketing plan helps a business reduce costs and increase sales, thereby increasing profits. This is a major goal of organizations, whether large or small</u>.

4 0
3 years ago
Which of the following is a nonmanufacturing business where process costing would most likely be used? An auto body shop. A furn
solmaris [256]

All of them are the non-manufacturing business where process costing would most likely be used.

Explanation:

  • All are non-manufacturing business which are as follows,
  • An auto body shop.
  • A furniture repair shop.
  • A laboratory that tests water samples for lead A tailoring shop.
  • A beauty shop.
  • Non-manufacturing business costs refers to those business where it is incurred outside the factory or production unit
  • Non-manufacturing costs includes,
  • selling expenses
  • general expenses
  • Selling Expenses
  • It is also called as selling and distribution expenses.
  • Non-manufacturing expenses have no impact on the production cost of the company due to their period costs.
7 0
4 years ago
1. Python acquires 80% of the voting stock of Slither on January 1, 2020 for $4,000. The fair value of the noncontrolling intere
disa [49]

Answer:

C. $400

Explanation:

Amount for NCI to be eliminated = (280+120) = $400

stock = 600*0.2=$120

Retained Earnings = 1400*0.2= $280

7 0
3 years ago
The government of Diarmina recently passed a law that requires foreign companies to partner with Diarminian companies if they wa
Orlov [11]

Answer:

Policy uncertainty

Explanation:

Policy uncertainty is a class of economic risks associated with erratic economic policy of the government of a particular country. Policy uncertainty discourages investment and raises the investment risk factor of an economy.

It can come from unstable and unexpected monetary or fiscal policy of a regime or unpredictable regulatory framework.

5 0
3 years ago
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