Name both anime characters<br> WRONG ANSWERS ONLY!!!!!!!!!!

According to the Employment and Labour minister TW Nxesi, he announced that the National Minimum Wage (NMW) for each ordinary hour worked has increased from R 20,76 to R 21,69 for the year 2021 effective from 01 March 2021.

The NMW legislation came into effect in South Africa on 01 January 2019 at a level of R 20 per hour. In terms of NMW act of 2018, the policy framework is a floor level below which no employee should be paid.

So, <u>the minimum wage in South Africa as at 2021 is R 21,69</u>

6 0

3 years ago

Why might a company choose a process costing system over a job order costing system? How are the two systems similar, and how ar

ch4aika [34]

As organizations that use work order costing maintain track of materials and other resources for each project item, this method often necessitates more thorough record keeping than a process costing. However, in systems that use process costing, each production or process department has its own inventory account and aggregates expenses.

<h3>How are the 2 systems similar?</h3>

Both approaches serve the same fundamental objectives: to provide a framework for calculating unit product cost and to assign material, labor, and overhead costs to items.
The same fundamental manufacturing accounting principles are used by both systems, including production overhead, raw materials, work in progress, and finished goods.
In both systems, the cost flow through the manufacturing accounts is essentially the same.

<h3>What are the differences between the two?</h3>

There are two reasons why work order costing and process costing differ from one another. The first is that a process costing system has a flow of units that is essentially continuous, and the second is that these units are interchangeable. Since each order is just one of many that are filled from a continuous flow of almost identical units from the manufacturing line, it makes no sense to try to identify materials, labor, and overhead costs with a specific order from a customer (as we do with job order costing). Under process costing, costs are accumulated by the department as opposed to orders, and they are then uniformly distributed to all units that go through the department over the course of a time period.

The fact that process costing does not employ the job cost sheet since its emphasis is on departments is another distinction between the two costing methodologies. For each department that works on items, a production report is created as opposed to a task cost sheet. The production report fulfills a number of purposes. It gives a summary of how many units pass through a department in a given time frame and computes unit costs. Additionally, it displays the expenses incurred by the department and the decision made regarding such expenses. In a process costing system, the department production report is a crucial document.

Therefore, above are all the differences and similarities between the 2 systems.

For more information on the Costing system, refer to the given link:

brainly.com/question/24516871

#SPJ4

4 0

1 year ago

Units-of-Production Depreciation Irons Delivery Inc. purchased a new delivery truck for $42,000 on January 1, 2019. The truck is

solmaris [256]

Depreciation Expense for 2019 is $10,800 while Depreciation Expense for 2020 is $9,720

Rate of Depreciation = (Cost - Residual Value) ÷useful life

= ($42,000 - $2,000) ÷ 150,000 miles

= $0.27

Depreciation Expense = Rate of Depreciation x unit of miles during the period

So,

Depreciation Expense for 2019 = $0.27 x 40, 000

= $10,800

Depreciation Expense for 2020 = $0.27 x 36,000

= $9,720

Journal entries to record depreciation expense

Date Account titles and explanation Debit Credit

2019 Depreciation Expense $10,800

Accumulated Depreciation $10,800

Date Account titles and explanation Debit Credit

2020 Depreciation Expense $9,720

Accumulated Depreciation $9,720

See similar questions here: brainly.com/question/22525382

8 0

3 years ago

Name both anime characters WRONG ANSWERS ONLY!!!!!!!!!!