Since there is a cost involved in allocating the specific material and labor to the product, job order cost systems are sometimes more expensive to operate than a straightforward process costing system.
<h3>
What is job order costing?</h3>
Job order costing is a costing approach used to calculate the cost of producing each product. This pricing approach is typically used when a company creates a number of items that are distinct from one another and wants to assess the cost of performing a single operation. Direct labor, direct supplies, and manufacturing overhead are all included in task pricing.
Job order costing can be used to determine if a job is profitable. Efficient task order costing enables businesses to generate bids that are competitive while being profitable.
learn more about job order costing refer:
brainly.com/question/24277455
#SPJ4
Answer:
Openness, equality, creativity and flexibility
Explanation:
This is an example of material symbols
Answer:
price below 25: 25.2493%
price above 28: 36.9441%
Explanation:
median = (min + max) / 2 = (18 + 36) / 2 = 27
standard deviation: in a normal distribution all values are among 6 standard deviaiton: (36 - 18) / 6 = 3
We need to convert the values into a normal distribution of (0;1)
<u>Probability of less than 25:</u>
(X - median) / standard deviation = (25 - 27) / 3 = -0.66667
Now, we look into the normal distribution for this value
P(z< -0.6667) = 0.252492538
<u>Probability of more than 28</u>
1 - probability of less than 28
normalization:
(X - median) / standard deviation = (28 - 27) / 3 = 0.33333
1 - P(z<0.33333)
1 - 0.63055866 = 0.36944134
Owning and running your own business can be more satisfying and fulfilling than working for someone else
