All categories

3 years ago

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.

You might be interested in

Suppose transactions costs for a product are zero and the product can be resold. Why might the firms that sell a product charge

Dominik [7]

Answer: The correct answer is "firms offer different levels of service".

Explanation: Firms might charge different prices for the same product even when transactions costs are zero and the product can be resold if the <u>firms offer different levels of service. </u>Because depending on the level and quality of the service offered they may charge a higher or lower price.

<u />

4 0

4 years ago

Work cell at Chris Ellis Commercial Laundry has a workstation with two machines, and each unit produced at the station needs to

choli [55]

Answer:

24 minutes

Explanation:

The computation of the process time of the work cell is shown below:

Throughput time is the time that is needed to produced a finished good product. It involves the manufacturing process time and the time for converting the raw material into a finished product

Therefore

Throughput time = [1 unit × (60 min ÷ 5 units)] × 2

= 24 minutes

6 0

4 years ago

With trade wars looming, the future of the multilateral trading system looks more precarious than it has in decades. Looking bey

jok3333 [9.3K]

Increased manufacturing has helped some countries fill up the gaps.

People and policymakers should be educated about how expensive a trade war can be.

It's possible that some politicians will be educated about the dangers of protectionism.
Learning that, as Norway, Korea, and many others have discovered this year, a favorable trading nation is not necessarily friendly.
commercial and political figures to help you expand your exports to a wide range of nations. Do not concentrate your exports in a single nation.

Identify opportunities to produce new products in order to boost exports in nations that rely heavily on imports.

Learn more:

brainly.com/question/15682765?referrer=searchResults

5 0

3 years ago

Which of the following actions would be most effective for a business to take in order to help them progress towards achieving t

Harrizon [31]

Answer:

The most effective action for a business to take in order to help them progress towards achieving their content marketing goals is;

A. Personalizing content to make each customer feel important, taking into account available data about each individual customer.

Explanation:

Content marketing is a marketing strategy that utilizes the creation and sharing of content to target a given audience with the aim of attracting and retaining a certain crowd. It is a way that doesn't explicitly involve branding but it provides more information about the products and services by giving problem solving information using the products and services thereby attracting and maintaining a given audience of people. For example, one can share a video depicting how a certain detergent can be used to maybe wash clothes. In the video, the marketer will wash the dirty cloth using the detergent. Before and after images of the cloth can be compared to show the effectiveness of the detergent. In this way, the marketer has showed how to use the detergent and also it's effectiveness. This is an examples of content marketing.

Content marketing can be achieved by first collecting information about the target audience who use or might possibly use the product or services. This information is then taken into account, so that the content is customized in such a way that most customers needs will be fulfilled. The personalized content is then marketed using various platforms. In this way each customer will feel valued and appreciated and thus fosters customer loyalty.

8 0

4 years ago

You researched several careers in this course. In 3–4 complete sentences, describe a career that matches your values, the educat

Anika [276]

Answer:

Course Description

Explanation:

Career Research and Decision Making is a lifelong process that includes, exploring, choosing and implementing decisions about education, occupation, and related life roles. Students will develop knowledge and skills that will help them to manage their career throughout lif

5 0

3 years ago