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3 years ago

Indicate for each of the following costs whether it is a product cost or a period cost.

Business

1 answer:

MAVERICK [17]3 years ago

5 0

Answer and Explanation:

The classification of the following cost i.e. either product cost or period cost is

1. Period cost as it deals with the operating expense

2 Product cost as it directly linked with the product

3 Product cost as it directly linked with the product

4 Product cost as it directly linked with the product

5 Product cost as it directly linked with the product

6 Product cost as it directly linked with the product

7 Product cost as it directly linked with the product

8 period cost as it does not directly linked with the product

9 Product cost as it directly linked with the product

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The annual percentage rate on a credit card determines

Digiron [165]

My answer -

it determines how much they charge you in interest if you carry a balance. Lower is better. The percentage interest is what they charge you each month, “annual percentage rate” is what you’re paying if you keep that balance for a year. It’s slightly different because in that year, you’re also paying interest on the amount of interest (compound interest) you owe in the previous months.

Not carrying a balance means that you don’t pay interest.

p.s

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3 years ago

A textile finishing process involves drying a fabric that has been treated with a volatile solvent. The wet fabric entering the

BARSIC [14]

Answer: (a) 2.4%

(b) 9.68*10^-3mg/m^3

Explanation:

See attachment

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3 years ago

Greta is conducting an initial performance review for new employee Natasha. Natasha displays some competence but low commitment.

Tatiana [17]

Answer:

Explanation:

Since Natasha displays some competence and has low commitment to her job,he falls into D2 category.The leadership style that needs to be used is Coaching to motivate Natasha and get the things done.

8 0

3 years ago

A company uses the following standard costs to produce a single unit of output. Direct materials 7 pounds at $0.60 per pound = $

Naddika [18.5K]

Answer:

Direct material price variance= $20,100 unfavorable.

Explanation:

Giving the following information:

Direct materials 7 pounds at $0.60 per pound = $ 4.20

During the latest month, the company purchased and used 67,000 pounds of direct materials for $.90 per pound to produce 10,000 units of output.

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (0.60 - 0.90)*67,000= $20,100 unfavorable.

7 0

3 years ago

Job order production is also known as: Select one: a. Mass production. b. Process production. c. Unit production. d. Customized

lidiya [134]

Answer:

Option (D) is the right answer.

Explanation:

According to the question, customized production is the most appropriate answer because job order production refers to the manufacturing process which is unique & customized according to the customer's needs.

While the other options are wrong because of the following reasons:

Mass production can be described as a large number of production for the same product.

Process production can be defined as the production which takes place through a similar process for all the products.

Unit production can be defined as the number of production of the items.

Standard costing can be defined as the costing which occurs on the production of the product.

Hence the most appropriate answer is option (D).

8 0

2 years ago