Answer:
The correct answer is the option A: firm capability-based explanations.
Explanation:
To begin with, given the fact that the company decided to manufactured the battery in-house in order to reduce the possibility of helping other competitors when using an outsourced manufacturer then the company is using its firm capability in order to achieve the goal of manufacturing that component of the final product. Therefore that if the company would not have the resources and capability of doing it then it would necessary outsourced the manufactured of it.
Answer:
A. True
Explanation:
It is an accounting that tracks business expenses, expenses and income with "business" and provides standardization of profit. In order to support the accounting system's business value, it must allow the allocation of cost numbers and revenue items separately. A business can be designated as a project for a customer or a single product unit or a group of units of the same type. In the production environment, the application of the cost of labor involves tracking what different types of “direct” labor costs are used, such as direct labor and direct materials, and then allocating jobs (indirect labor, warranty costs, quality control, and other additional costs). . An enterprise profit report is similar to a statement of profit or loss for the firm, but is specific to each business number. Business costs can estimate all the costs associated with the production of "work" or the production of goods produced in separate groups. These costs are recorded in the accounting records reflecting the life or work of the lot and are deducted from the final trial balance until the cost of the work or bulk production report is prepared.
Business costs VS process costs
Business value (also known by some as the cost of a job order) is important for management accounting. This process differs from the cost because more process or job cost tracking depends on the nature of the product and consequently the type of production process:
- The process cost is used when products are more homogenous. Also, costing systems assign different costs to production processes that are significantly different. The average cost of a single product is then calculated for each business.
- Process costing systems assign costs for one or more manufacturing processes. Because all units are the same or very similar, average costs per unit are calculated by dividing operating costs by the number of units produced.
- Many businesses produce products with some unique features and some common processes. These businesses use valuation systems with both business and operating cost values.
False, good communication between all employees is important for an overall efficient work environment.
Under the Perpetual inventory method, accounting records maintain a continuously updated inventory value.
Answer:
(B) False
Explanation:
As we know that
Net income = Total revenues - total expenses
The main difference between the single - step income statement and the multi-step income statement due to classifications
In the single - step income statement, we normally
Revenues
Total revenues (A)
Expenses
Total expenses (B)
Net income (A-B)
while in multi-step income statement,
Sales revenue
Less: Cost of goods sold
Gross profit
Less: Operating expenses
General and administrative expenses
Depreciation expense -
Profit before tax
Less: income tax
Net income
So in both the cases, the amount of the net income is equal.
