Answer:
In a job order cost system, it would be correct in recording the purchase of raw materials to debit
Raw Materials Inventory.
Explanation:
When materials are initially purchased, the cost is debited to the Raw materials inventory account and credited to either Cash or Accounts Payable, depending on the trade terms. When the materials are assigned to work in process, it is debited to Work in Process Inventory and to Jobs and credited to Raw materials Inventory. Finished Goods Inventory is only debited for completed jobs. Manufacturing Overhead is debited for all indirect costs.
Answer:
0.7589
Explanation:
P(34000<=x<=38000)
P(34000-50000 / 12000) <= z <= 38000-50000 / 12000)
P( -16000/12000) <= z <= -12000/12000)
P(z<=-1.33)- p( z<=-1.00)
=0.9176 - 0.1587 (using standard normal table)
=0.7589
Answer:
B. Cost-plus pricing.
Explanation:
This is explained to be a cost based pattern or unique strategy which is seen to ensure that costs are been covered in the sense that all pricing variables are seen to add some particular percentage to mark its price. It is seen in most cases is obviously seen to cover all cost of what exactly it is a customer is seen to have loved or valued in the said product.
Certain scenarios has shown that optimization is rare in the discussed topic' way to calculate a price, it shouldn't be your only way of finding price.
it is very hard to use jt
Answer:
Option (a) is correct.
Explanation:
When the government of United states provide subsidy to the Tobacco industries then there is a rise in the production of Tobacco because it will become cheaper for the firms to produce tobacco.
But these firms are not taking the proper steps for health related issues and even lobbying from health-related concerns.
If the congress repeals the tobacco firms subsidies then the cost of tobacco production increases because of the withdrawal of subsidies. Hence, the supply of tobacco decreases because of the lower level of output and therefore, this would shift the supply curve of tobacco firms leftwards.
This is only because of the higher cost of production.
