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VladimirAG [237]
3 years ago
15

Knowledge Check 01 The standard quantity per unit defines the ________. multiple choice price that should be paid for each unit

of direct materials. total cost of direct materials that should be used for each unit of finished product. amount of direct materials that should be used for each unit of finished product including an allowance for normal inefficiencies, such as scrap and spoilage. amount of direct labor-hours that should be used to produce one unit of finished goods.
Business
1 answer:
cricket20 [7]3 years ago
5 0

Answer:

amount of direct materials that should be used for each unit of finished product including an allowance for normal inefficiencies, such as scrap and spoilage.

Explanation:

Standard quantity per unit is defined as materials that the manufacturer needs to complete a unit of a product. It also allows for inefficiencies such as spoilage and scrap.

It is used by managers to reduce wastage that exists during production by allocation of only the required amount of direct materials in the production process.

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Operations managers at Alumax Corporation have found that they can achieve efficient production only by producing very large qua
DedPeter [7]

Answer: continuous production process

               

Explanation: In simple words, it refers to a production process in which the organisation has to keep doing the production due to the potential loss of of degradation of the raw materials or any other such factors.

In the given case, the company is able to produce efficiently only if they produce in large quantities.

Hence they should indulge in continuous production process.

7 0
3 years ago
Botanical Gardens Nursery has 6,800 shares of stock outstanding at a market price of $21 a share. The earnings per share are $1.
iris [78.8K]

Answer:

Earnings Per Share will be still $1.54.

Explanation:

According to the following formula, we get:

Earnings per share = Earnings available/Number of shares

Earnings Per Share does not change with payment of dividends. Hence, EPS will be still $1.54.

5 0
3 years ago
What is an internship?
valentinak56 [21]
Simple... My cousin is doing a internship, he is going to college and getting his degree in engineering. While he's getting his 4 year scholarship he's also working for a engineering factory to get paid while he's in college.
8 0
3 years ago
Read 2 more answers
The balance in the office supplies account on January 1 was $7,362, the supplies purchased during January were $3,421, and the s
Zigmanuir [339]

Answer:

d.$8,327

Explanation:

The computation of the amount used in the adjusting entry is shown below:

= Beginning balance of office supplies + supplies purchased - ending balance of office supplies

= $7,362 + $3,421 - $2,456

= $8,327

The adjusting entry is

Supplies expense $8,327

        To Supplies A/c $8,327

(Being the supplies expense is recorded)

For recording this transaction we debited the supplies expense as it increased the expense account and credited the supplies account as it reduced the asset account

7 0
3 years ago
A firm recently replaced an existing piece of machinery with a different model that produces a higher-quality finished product w
MissTica

Answer:

capitalize the new cost as an asset to be amortized over future periods expected to benefit

Explanation:

A capitalized cost is a cost which is added to the cost basis of a fixed asset on a company's balance sheet. This Capitalized costs are sustained from the purchase or construction of fixed assets.  Example of such costs are costs of materials, sales taxes, labor, transportation, and interest incurred to finance the construction of the asset.

This is usually done for items that would be used over a long period of time, therefore the item is capitalized and amortized or depreciated over its future periods.

7 0
3 years ago
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