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3 years ago

Multiple choice!

Business

1 answer:

kodGreya [7K]3 years ago

7 0

Answer:

Spillover cost.

Explanation:

Spillover cost refers to those costs or changes in the value of a certain good that are caused by issues external to the intrinsic characteristics of said good. Thus, for example, external influences such as limitations on oil extraction or the development of electric cars can generate a massive drop in the prices of conventional gasoline cars. Another clear example of this situation is the one described in the question, where a negative change in a certain neighborhood can lower the prices of the houses found there.

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when valuing raw materials inventory at lower-of-cost-or-market, what is the meaning of the term market

Akimi4 [234]

when valuing raw materials inventory at lower-of-cost-or-market, what is the meaning of the term market Replacement cost, Net realizable value, or Net realizable value less a normal profit margin.

<h3>What is Replacement cost?</h3>

The cost to replace a critical asset, such as a piece of real estate, an investment security, a lien, or another object, with one of equal or greater worth is referred to as replacement cost.
A replacement cost, which is often referred to as "replacement value," can change depending on a variety of variables, including the cost of preparing assets for use and the market worth of the parts needed to rebuild or repurchase the asset.
Replacement costs are frequently used by insurance companies to calculate the value of an insured item. Accountants, who use depreciation to expense the cost of an asset over its useful life, also regularly employ replacement costs.

To learn more about Replacement cost with the given link

brainly.com/question/15046979

#SPJ4

7 0

2 years ago

Financial Statements of a Manufacturing Firm The following events took place for Sorensen Manufacturing Company during January,

kramer

Answer:

A. income statement for Sorensen Manufacturing Company

Sales $329,500

Less Cost of Sales

Opening Finished Goods Inventory $0

Cost of Goods Manufactured $184,300

Less Finished Goods Inventory ($37,700) $146,600

Gross Profit $182,900

Less Expenses

selling expense ($84,300)

administrative expense ($37,000)

Net Income or Loss $61,600

B. inventory balances at the end of the first month of operations.

Raw Materials Inventory = $15,800

Work In Process Inventory = $58,200

Finished Goods Inventory = $37,700

Explanation:

Raw Materials Inventory Calculation :

Open a Raw Materials T - Account

Debit :

Opening Balance $0

Purchases $68,500

Totals $68,500

Credit:

Used in Production $52,700

Closing Balance (Balancing figure) $15,800

Totals $68,500

Work In Process Inventory Calculation :

Make a Schedule of Manufacturing Cost

Raw Materials $52,700

direct labor wages $78,800

factory overhead $111,000

Total cost of Manufacture $242,500

Less Transfer to Finished Goods ( $184,300)

Work In Process Inventory $58,200

Finished Goods Inventory Calculation :

Transfer to Finished Goods $184,300

Less Cost of Sales ($146,600)

Finished Goods Inventory $37,700

6 0

3 years ago

The industries or sectors of the economy in which business cycle fluctuations tend to affect output most are:.

DaniilM [7]

The industries or sectors of the economy in which business cycle fluctuations tend to affect output most are: capital goods and durable consumer goods. The phase of the business cycle in which real GDP declines is called: a recession.

4 0

2 years ago

Bixby Motor Oil has been experiencing increasingly unfavorable materials quantity variances since March. The company discovered

dusya [7]

Answer:

Option (c)

Explanation:

As per the data given in the question,

Standard quantity of material = 15,000 pounds for 10,000 units

Unfavorable variance in the quantity of material occurs when more material is used in comparison to the standard quantity.

As, Actual quantity = 17,000 pounds used for production of 10,000 units

It caused unfavorable material quantity variance.

Hence, the data which warned company about the problem is :

Actual quantity of 17,000 pounds used for the production of 10,000 units.

Option (c) is correct answer.

6 0

3 years ago

Jill frequently updates her attorney about business developments and she frequently reads blogs and trade articles related to he

Pachacha [2.7K]

Answer:

Being proactive

Explanation:

In business, being proactive refers to steps that a person take in order to keep taking new initiatives that can improve the business.

This can be seen In Jill's actions.

she read blogs, trades articles and continue to communicate about the legalities on her business.

What she's doing will increase her knowledge in the market and prevent unnecessary cost that might occurs from legal issues. Both of these would most likely increase the chance of her success.

6 0

3 years ago