Answer:
Which of the following statements is false?
a. Actual overhead costs always enter the Work-in-Process account.
Explanation:
a. Actual overhead costs always enter the Work-in-Process account.
A normal job-order costing system is a system that uses: Actual costs for direct materials and direct labor and estimated costs for overhead. Actual overhead costs are not assigned directly to jobs
b. The use of normal costing means that overhead is applied to each job using a predetermined rate.
The cost of a job includes direct materials, direct labor, and applied overhead. The use of normal costing means that overhead is applied to each job using a predetermined rate.
c. Indirect labor is assigned as a part of overhead.
Since direct materials and direct labor are usually considered to be the only costs that directly apply to a unit of production, manufacturing overhead is (by default) all of the indirect costs of a factory. Manufacturing overhead does not include any of the selling or administrative functions of a business
In a free market system, decisions about what and how much is produced are made by the producer.
<h3 /><h3>What is a Market?</h3>
A market is a place where buyer and seller. They exchange goods and services, for a barter or for an agreed price.
Free market system is a type of market which is ideal for the seller, as there is less intervention by the government, also the property is private, the seller have the choice to make decisions. There is competition also which makes it an ideal market for the buyer too.
The autonomy is with the seller about setting the prices and other business matters which enables good interest and motivation for the seller/ the owner of the business/ the participant in the free market.
In a free market it is the choice of the producer to take decision about what and how much of the produced is to be made.
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I am pretty sure it would be the first 2 but I am not the best at this. I am so sorry if this isn't correct!!
When job demands are so great that the worker feels the inability to cope, this is known as Role Overload
<h3>What is
Role Overload?</h3>
Generally, The sense that one's personal resources are being stretched too thin in order to meet the requirements of their job function is one kind of particular stressor known as "role overload" (Eatough et al., 2011).
As a consequence of this, role overload has the potential to result in resource depletion, which is a situation that may be comprehended via the lens of COR.
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Answer:
(a)unit cost of goods manufactured is $108.00
(b)unit cost of goods manufactured is $122.00
Explanation:
Varibale Product Costing = Direct Material + Direct Labor + Variable Overheads
Absorption Product Costing = Direct Material + Direct Labor + Variable Overheads + Fixed Overheads
<u>(a) the unit cost of goods manufactured- the variable costing concept</u>
Variable cost of goods manufactured ($1,620,000/15,000 units) = $108.00
unit cost of goods manufactured = $108.00
<u>(b) the unit cost of goods manufactured - the absorption costing concept</u>
Variable cost of goods manufactured ($1,620,000/15,000 units) = $108.00
Fixed manufacturing costs ($210,000/ 15,000 units) = $14.00
unit cost of goods manufactured = $122.00