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3 years ago

Accounting systems that use standards for product costs are called budgeted cost systems. True False

Business

1 answer:

Yuri [45]3 years ago

7 0

Answer:

False.

Explanation:

Accounting systems that use standards for product costs are standard cost systems.

In Financial accounting, various business firms or companies use the standard cost systems to determine the variances or differences between the actual (real) cost of goods produced and the estimated cost for the goods that were produced by the company.

Hence, standard cost systems are used by business firms or companies as a strategic tool or technique for the management and control of costs, budget planning, and analyzing cost management performance at a specific period of time.

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Benning Manufacturing Company is negotiating with a customer for the lease of a large machine manufactured by Benning. The machi

romanna [79]

Answer:

beginning inmediately: $ 140,095.127

after a year: $ 152,703.688

with a salvage value: $ 148,227.912

Explanation:

We need to find the PMT of 980,000 dollars being ordinary annuity or annuity-due discounted at 9%

Annuity-due:

$PV \div \frac{1-(1+r)^{-time} }{rate}(1+r) = C\\$

PV $980,000.00

time 10

rate 0.09

$980000 \div \frac{1-(1+0.09)^{-10} }{0.09} (1.09)= C\\$

C $ 140,095.127

Annuity:

$PV \div \frac{1-(1+r)^{-time} }{rate} = C\\$

PV $980,000.00

time 10

rate 0.09

$980000 \div \frac{1-(1+0.09)^{-10} }{0.09} = C\\$

C $ 152,703.688

If there is a salvage value, we discounted from the lease value:

980,000 - present value of salvage value:

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity $68,000.0000

time 10.00

rate 0.09

$\frac{68000}{(1 + 0.09)^{10} } = PV$

PV 28,723.93

980,000 - 28,724 = 951,276

<u>Now we calculate the PMT:</u>

$PV \div \frac{1-(1+r)^{-time} }{rate} = C\\$

PV $951,276.00

time 10

rate 0.09

$951276 \div \frac{1-(1+0.09)^{-10} }{0.09} = C\\$

C $ 148,227.912

8 0

2 years ago

Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses

Airida [17]

Answer:

Explanation:

Hi, I have attached the full question as images below

Total Product Cost = ($70,000 + $35,500 + $43,700) ÷ 1,000 = $149.20

Total Period Cost = $30,600 + $29,300 = $59,900

Total Direct Manufacturing Cost = $70,000 + $35,500 + $15,400 = $120,900

Total Indirect Manufacturing Cost = $28,300

Total Manufacturing Cost = $70,000 + $35,500 + $43,700 = $149,200

Total Non Manufacturing Cost = $30,600 + $29,300 = $59,900

Total Conversion Cost = $35,500 + $43,700 = $79,200

Total Prime Cost = $70,000 + $35,500 = $105,500

Total Variable Manufacturing Cost = $70,000 + $35,500 + $15,400 = $120,000

Total Fixed Costs = $25,200 + $18,400 + $28,300 = $71,900

Variable Cost per unit = ($70,000 + $35,500 + $15,400 + $12,200 + $4,100) ÷ 1000 = $137.20

Incremental manufacturing cost = ($70,000 + $35,500 + $15,400) ÷ 1,000 = $120.90

5 0

2 years ago

Are social media videos a good way to market yourself to employers

Delvig [45]

Yes social media videos are a good way to market yourself if you do it the right way. If you put a caption with your website and have a video which is interesting about whatever you need marketed then people will probably not exit out. It is all about approach.

If you're doing it for an assignment change the wording other wise hoping ti helps

8 0

3 years ago

Read 2 more answers

When she uses her american express card, cathy obtains possession of goods and services when they are purchased. payment is due

JulsSmile [24]

<span>American Express credit cards and credit cards in general are a type of revolving charge account. Credit cards are regarded as a revolving charge account or revolving credit because if the balance is not paid off by the period specified, it will roll over to the next period (and collect interest), thus "revolving" into the next period. This is how the debt compounds if you are not responsible with your credit cards.</span>

6 0

3 years ago

Channel members can help producers by identifying customer complaints, customer preferences, and new competitors in the market.

butalik [34]

Answer:

communication

Explanation:

communication function of channel intermediaries.

Channel intermediaries are responsible for making sure that the product is available at the appropriate quantities, at the right time and place for end user consumption. They also serve as a means of communication between the consumer and producer concerning such issues as product quality.

5 0

2 years ago