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Cost allocation is:_____.A. the assignment of indirect costs to the chosen cost object B. the process of tracking both direct an

Fantom [35]

Answer:

A. the assignment of indirect costs to the chosen cost object

Explanation:

Cost allocation is the assignment of indirect cost of the cost object. The indirect costs of the project are not directly attributable to the cost object. So, it requires some basis on which its assignment can be made to cost object. Overhead allocation is the example of cost allocation. So, the correct answer is A. the assignment of indirect costs to the chosen cost object.

3 0

4 years ago

Required: a. Compute gross profit, the goods available for sale, and the cost of goods sold for the merchandiser. Hint: Not all

vivado [14]

Answer:

A.

a. Good Available For Sale $21,900

b. Cost of goods sold $15,900

c. Gross profit $3,600

B. Net income for merchandise company $1650

Net income for service company $15600

Explanation:

A.Compution for gross profit, the goods available for sale, and the cost of goods sold for the merchandiser.

a. Good Available For Sale

Using this formula

Good available fro sale = Beginning inventory + Net purchase

Let plug in the formula

Good available fro sale = $10,000 + $11,900

Good available fro sale = $21,900

b. COST OF GOODS SOLD

Using this formula

Cost of goods sold = Goods available for sale - Ending inventory

Let plug in the formula

Cost of goods sold= $21,900 - $6000 =

Cost of goods sold= $15,900

c. GROSS PROFIT

Using this formula

Gross profit= Sales - COGS

Let plug in the formula

Gross profit = $19,500 - $15,900

Gross profit= $3,600

b.Computation for net income

Net income for merchandise company = Gross profit - Expenses = $3,600 - $1,950 = $1,650

Net income for service company = Revenue - Expenses = $24,000 - $8,400 = $15,600

8 0

3 years ago

On a survey of how students spend their time, one question asks, "Which of the following best describes your employment status?"

lesya692 [45]

Answer:

1. Mutual exclusivity

Explanation:

This researcher did not address the aspect of mutual exclusivity well enough as evidenced in options c and d in the coding above.

This is because option d says full time students. Option d is not mutually exclusive as a student can be a full time student and work part-time, and one can be a full time student and also be unemployed or employed full time

6 0

3 years ago

The force that leads to zero economic profits for monopolistically competitive firms in the long run is:_________

KonstantinChe [14]

For monopolistically competitive businesses, the factor that ultimately causes zero economic profitability is: newly added

What Exactly Is Economic Gain (or Loss)?

The difference between the money made from selling an output and the price of all the inputs plus any opportunity costs is what is known as an economic profit or loss. By deducting potential costs and explicit costs from generated revenue, economic profit is calculated.

Opportunity costs are a kind of implicit cost that management determines and that vary depending on various events and viewpoints.

Analysis of accounting profit and economic profit frequently goes hand in hand. The profit that a corporation reports as accounting profit appears on its income statement. Accounting profit is a measure of actual inflows and outflows that is necessary for a company to have financial transparency.

To know more about economic profitability

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7 0

1 year ago

Suppose you invested $60 in the Ishares Dividend Stock Fund (DVY) a month ago. It paid a

jasenka [17]

Answer:

Return on investment will be 9.38 %

So option (c) will be correct option

Explanation:

We have given purchase price = $60

Dividend received = $0.63

Selling price = $65

We have to find the return on investment

We know that return on investment is given by

Return in investment $=\frac{selling\ price-purchase\ price+dividend\ received]}{purchase\ price}=\frac{65-60+0.63}{60}=0.0938=9.383$ %

So return on investment will be 9.38 %

So option (c) is the correct option

5 0

3 years ago