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svetoff [14.1K]
3 years ago
7

Standard costs are used in companies for a variety of reasons. Which of the following is not one of the benefits of using standa

rd costs?
a. used to control costs
b. used to estimate cost of inventory
c. used to indicate where changes in technology and machinery need to be made
d. used to plan direct materials, direct labor, and variable factory overhead
Business
2 answers:
makvit [3.9K]3 years ago
8 0

Answer: c. used to indicate where changes in technology and machinery need to be made

Explanation: Standard costs are defined as predetermined costs that provides a basis for effective control over costs and usually is associated with a manufacturing company's costs of direct material, direct labor, and manufacturing overhead. It provides information on the day-to-day control of operations and are applied for  a variety of reasons such as the control of costs, estimation of inventory costs, the planning of direct materials, direct labor, and variable factory overhead.

uranmaximum [27]3 years ago
7 0

Answer:

c. used to indicate where changes in technology and machinery need to be made

Explanation:

Standard Costs are established through past experiences and hence they can be used to control costs, and plan production schedules.

Changes in technology and machinery need to be made is part of perfomance management with a future outlook.

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On April 1, 2020, the premium and accrued interest on bonds sold were received by the Street Improvement Bond Debt Service Fund.
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Answer:

Cash Dr. $713,750

Bond Interest Cr.  $213,750

Bond Premium Cr. $500,000

Explanation:

The journal entries are used to record a transaction that occurs in the business operations. It helps to keep a track of the expenses and revenues. The selling of bond premium and bond accrued interest is recorded with a debit and credit entry. The debit the amount of cash received after the sell of bond debt service fund.

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3 years ago
A full summary of all consecutive grants, conveyances, wills, records, and judicial proceedings affecting title to a specific pa
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Answer:

B) Abstract and opinion.

Explanation:

Abstract and opinion can also be call Abstract of title:

this is the records or evidence of the full history of the property from the conveyance,wills, legal backing, and the list of those people that as assume ownership of the property for a particular period of time.

A full summary of all consecutive grants, conveyances, wills, records, and judicial proceedings affecting title to a specific parcel of real estate, together with a statement of all recorded liens and encumbrances affecting the property and their present status, but not including encroachments and forgeries, is known as a Abstract of Title or Abstract and opinion.

6 0
3 years ago
The Caesar Park Hotel generally caters to business customers during the week, so weekends are relatively quiet. The hotel has de
V125BC [204]

Answer:

It is trying to cultivate non peak demand. (B)

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The Ceasar Park Hotel, observed that the weekends are relatively quiet, thus, they introduced 'the mini vacation weekends', as a way of 'cultivating non peak demand'.

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3 years ago
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gayaneshka [121]

Answer:

Special revenue fund.

Explanation:

A special revenue fund is a government account created to collect money that is used for an specific purpose or project. The money collected by this type of account can only be used for the specific purpose for which it was established.

In this case, the revenue collected from the gasoline tax can only be used for highway construction and maintenance.

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Which argument would most likely be made by the author of the following passage?
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3 years ago
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