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:
a. procedural justice
Explanation:
Procedural justice can be defined as an idea of fairness in a process and how this perception of fairness is greatly influenced by the quality of service, experience and transparency received by the people. Thus, it impacts the perception that people have about those in a place of authority with respect to decision-making and processes.
Hence, if Hot Topic uses clearly defined selection criteria and a transparent process, employees are likely to think the process is fair and to experience procedural justice, even if they are not chosen for promotion
Answer: $6,325
Explanation:
Estimated average annual income = Total expected income/ Useful life of investment
= 25,300/ 4 years
= $6,325
I have a lot to say about the president and president for
Answer:
a.) Increasing the opportunity cost of holding money, a high interest rate reduces the quantity of money demanded. This will lead to movement up and to the left along the money demand curve.
b.) A 10% fall in prices will reduce the quantity of money demanded at any given interest rate, which will cause the money demand curve to shift leftward.
c.) This technology change will reduce the quantity of money demanded at any given interest rate, so it will shift the money demand curve leftward.
d.) Payments in cash will require employers to hold more money which will increase the quantity of money demanded at any given interest rate, this will lead to shift in the money demand curve rightward.
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