Answer:
Job 765 Job 766
Direct material $5,670 $8,900
Direct labor $3,500 $4,775
Overhead $5,400 $8,800
(27*200) (44*200)
Total Job cost $14,570 $22,475
b) Cost per unit = Total job cost/unit produced
Job 765 = $14,570/152 units
Job 765 = 95.86
Job 766 = $22,475/250 units
Job 766 = 89.90
Answer: The correct answer is "C. An activity-based approach refines a costing system by focusing on individual activities as the fundamental cost objects. It uses the cost of these activities as the basis for assigning costs to other cost objects such as products or services.".
Explanation: The ABC costing model is a model that is based on the grouping into cost centers that make up a sequence of value of the products and services of the company's productive activity. It focuses its efforts on managerial reasoning in an adequate way the activities that cause costs and that are related through its consumption with the cost of the products. The most important thing is to know the generation of costs to obtain the greatest possible benefit from them, minimizing all the factors that do not add value.
ANSWER – FALSE
When a union bargains successfully with employers, resulting
in increment in total compensation, both the quantity of labor supplied and the
quantity of labor demanded doesn’t increase, rather, the quantity of labor
supplied increases and the quantity of labor demanded decreases.
Answer:
The answer is (B) transfer dollars, and therefore purchasing power, into the future.
Explanation:
A store of value is best described as a function contained in an asset that allows it to be saved, retrieved, and traded in the future. Money provides this function, alongside other forms of assets such as bonds, gemstones, and precious metals. Other functions of money, include as a medium of exchange and a unit of account.
Answer:
Explanation:
The statement in the question is not complete and should be the following with each of the answers provided being part of the statement like so,
Management of a close corporation often resembles that of a Partnership , but a corporation must meet the statutory requirements to remain a corporation. Often, shareholders in a close corporation restrict the transferability of shares. If a majority shareholder misappropriates company funds, the normal remedy for the other shareholders is to have their shares appraised to determine value and then receive that value.
