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bazaltina [42]
3 years ago
9

Match the appropriate costing method to the description

Business
1 answer:
sp2606 [1]3 years ago
8 0

Answer:

  • a. Absorption costing only  --  8. Includes gross profit on the income statement
  • 2. Required by generally accepted accounting principles.
  • b. Variable costing only  --  6. Generally provides the most useful report for setting long-term prices.
  • 3. Treats fixed manufacturing cost as a period cost.
  • 5. Generally provides the most useful report for controlling costs.
  • 4. Operating income is impacted by changes in inventory level.
  • c. Both absorption and variable costing  --  7.May be used in a manufacturing company
  • 1.Treats fixed selling cost as a period cost.

Explanation:

  • The absorption costing includes that all the manufacturing costs which are given to the units produced and the cost of a finished product will be the cost of the direct material and labor.
  • Variable cost is a method that assigned the variables costs to the inventories and means that overall cost changes to expenses in a time of occurrence.
  • Both of these costs are related to the method of the production and costs that are incurred in the production and in which method the company uses to make.
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Do you think most employers are serious about the development of their employees or are they only concerned with productivity?
Mandarinka [93]

Answer:

Productivity is the phenomena of the world economies. It is important for the development and growth.

Explanation:

There are many international and national organization that take care about their employees growth. But many of organization are there which is only think about the productivity not about their employees. The industrial organization psychology worked on this concepts. Many research has been done just because to find out about the employees condition and productivity in an organization.

It is very important for employers if they think about the mental, physical health of their employees it affects the productivity. If employees are satisfied with the environment and policy of a company then productivity will also increase side by side.

3 0
3 years ago
If a company abandons a segment of its operation, the loss would be reported on the a.income statement immediately after cost of
kvv77 [185]

Answer:

d.income statement immediately after income from continuing operations.

Explanation:

We should look at what the accounting principles and normatives threatment suggest.

As the firm should firm indicate the resulf the going business the discontinued operation should be disclosure separately from it. Thus, once complete the disclosure of the continued operation the firm should post the loss on this discontinued operation

7 0
3 years ago
At the beginning of 2018, Midway Hardware has an inventory of $310,000. Because sales growth was strong during 2018, the owner w
nalin [4]

Answer:

$1,625,000

Explanation:

For computing the purchase amount first we have to determine the cost of goods sold which is shown below;

As we know that

Cost of goods sold = Sales revenue - gross profit

                               = $2,100,000 - $2,100,000 × 25%

                               = $2,100,000 - $525,000

                               = $1,575,000

Now the purchase amount is

Cost of goods sold = Beginning inventory + purchase - ending inventory

$1,575,000 = $310,000 + purchase - $360,000

So, the purchase amount is $1,625,000

4 0
3 years ago
Question 20: If you are charged with selling/providing/delivering alcoholic beverages to an intoxicated person, the penalty is a
Viktor [21]

There are punishment for any offense. Selling alcohol to an intoxicated person is a misdemeanor offense and punishable by a maximum fine of $500 and sometimes about a year in jail.

  • But sometimes, the effect often extend more than just criminal charges. The establishment or person that sold the alcohol could be given a fined or have their liquor license to be suspended.

<h3>What is the penalty for selling alcohol without a License?</h3>

One cannot sell alcohol without having the legal license or permit to do so.

There is a fines or jail time if a person sell alcohol without having authorization and one should not be selling/providing/delivering alcoholic beverages to an intoxicated person.

Learn more about maximum fine from

brainly.com/question/3521571

6 0
2 years ago
Joshua is currently consuming the optimal (utility-maximizing) quantities of tuna and ham when the price of tuna suddenly decrea
romanna [79]

Joshua is currently consuming the optimal (utility-maximizing) quantities of tuna and ham when the price of tuna suddenly decreases. He will consume a bundle of goods at a new higher indifference curve tangent to the new budget constraint.

A Goods is an object that satisfies a human need and provides benefits to consumers and others who purchase satisfactory products. A distinction is generally made between transferable goods and non-transferable services.

Goods is the tangible item sold to the customer and service is the task performed for the benefit of the recipient. Examples of products include automobiles, appliances, and clothing. Examples of services include legal advice, house cleaning, and consulting his services.

Goods are anything from goods, supplies, raw materials to finished products. Anything that is movable and sold to a specific buyer.

Learn more about goods here:brainly.com/question/24373500

#SPJ4

7 0
1 year ago
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