Is a business cycle a type of recession?<br> yes or no?

A manufacturer of luxury yachts would use which type of costing system?

GaryK [48]

The answer is Job costing. Because Job costing is used for small production of unique products such as yachts.

7 0

3 years ago

Cost behavior analysis focuses on a.how costs react to increases in activity levels only. b.how costs react to changes in activi

arsen [322]

Answer:

b.how costs react to changes in activity level

Explanation:

Cost behavior analysis is the study of how operating cost varies with changes in production level. Management uses mathematical functions to understand how costs change relate to activity level. The costs in reference include fixed, variable, and mixed costs incurred in the manufacturing process.

Understanding cost behavior helps management in controlling and planning business costs. The analysis is useful in determining the cost, profit, volume relationship, including break-even points.

7 0

3 years ago

Kingbird Company has five employees participating in its defined benefit pension plan. Expected years of future service for thes

viktelen [127]

Answer:

Total number of years remaining for employees = 3 + 4 + 5 + 6 + 6 = 24 years.

Projected benefit of $88,560.

Year Annual Amortization

2020 88,560 * 5/24 $‭18,450‬

2021 88,560 * 5/24 $‭18,450‬

2022 88,560 * 5/24 $‭18,450‬

2023 88,560 * 4/24 $‭14,760‬

2024 88,560 * 3/24 $‭11,070‬

2025 88,560 * 2/24 $‭7,380‬

Total $88,560

Every year the projected benefit is amortized by the number of employees still working divided by the total number of years for all the employees.

8 0

3 years ago

The following information applies to the questions displayed below] A local Chevrolet dealership carries the following types of

myrzilka [38]

Answer:

Chevrolet Dealership

A) The total cost of the entire inventory is:

= $575,000

B) Each inventory would be reported at the LCNRV:

Inventory Items Quantity Reporting Cost/Value

Vans 4 NRV

Trucks 7 NRV

2-door sedans 3 Cost

4-door sedans 5 Cost

Sports cars 1 Cost

SUVs 6 NRV

C) Journal Entry:

Debit Cost of goods sold $27,000

Credit Inventory $27,000

To write-down costs to net realizable values.

D) TRUE.

Explanation:

a) Data and Calculations:

Inventory Items Quantity Cost per unit NRV per Unit LCNRV

Vans 4 27000 $108,000 25000 $100,000

Trucks 7 18000 126,000 17000 119,000

2-door sedans 3 13000 39,000 15000 39,000

4-door sedans 5 17000 85,000 20000 85,000

Sports cars 1 37000 37,000 40000 37,000

SUVs 6 30000 180,000 28000 168,000

Total Cost $575,000 $548,000

3 0

3 years ago

Hardy Inc. has two operating departments (1 and 2) and is considering renting a new machine to help automate the printing proces

gayaneshka [121]

Answer:

$6,900

Explanation:

When you use the incremental cost allocation method, you must rank cost activities and how they will be allocated. In this case, department 2 is the primary user, and therefore, rental costs must be allocated first to them. Rental costs will be allocated at a $25/hour rate.

Since department 1 is the next user, 100 hours will be allocated using the same rate as department 2, but the next 200 hours will be allocated at the lower $22/hour rate. Total rental cost allocation to department 1 = (100 x $25) + (200 x $22) = $2,500 + $4,400 = $6,900

5 0

3 years ago

Is a business cycle a type of recession? yes or no?