Answer:
D. Treated as a loss in the period incurred.
Explanation:
The process-costing system is used by firms that produce goods that goes through a set of manufacturing departments i.e it's used when firms mass produce nearly identical or similar units through various processes.
Under process-costing system, direct costs of production are accumulated, summarized, and then assigned to all the units produced during the period.
Thus, a single product cost is calculated by dividing process cost in each manufacturing department by the respective units produced during the production period.
Some organizations that use the process-costing system are oil refineries, chemical processing companies, eraser manufacturing companies, and food production companies.
In a process-costing system, the cost of abnormal spoilage should be treated as a loss in the period incurred.
The abnormal spoilage refers to the cost exceeding normal level, associated with spoiled units of a manufacturing process. It should be treated as a loss in the period incurred because it cannot be recovered
Answer:
Functional
Explanation:
In a functional structure, there is the common configuration that means the organization is to be allocated on the areas like as information technology, operations, marketing, etc
Also at the same time it distinct the specialized knowledge for each and every functional area via horizontal differentiation
Therefore it is a functional structure
Answer:
$1,701,371
Explanation:
Gross Profit = Sales - Cost of Sales
therefore,
In percentage this equation can be expressed according to the Company policy as :
<em>46 % = 146 % - 100%</em>
Cost of Sales = 100/146 x $2,484,001 = $1,701,371
Conclusion :
Budgeted cost of goods sold for February is $1,701,371
Answer:
c. marginal utility diminishes as more of a product is consumed.
Explanation:
The law of diminishing marginal utility states that when a person consumes more and more units, the marginal utility of extra units diminishes as additional units are obtained from the marginal utility.
Moreover, the graph of this diminished marginal utility that results in the consumer demand curve for a product goes downward sloping.
Answer: Investment Banker
Explanation:
Investment bankers are the go to entities in the financial.world when one wants to embark on an IPO.
They play a very good role of Underwriter as they have an expertise in this market. The process works by the Investment bank giving advice to the company in question, researching and marketing information on the shares to be sold, and follow up advising afterwards.
As an underwriter, Investment banks sometimes buy up all the shares at a lower rate and then resell it, this ensures that all of the company's shares are sold.
