Complete question:
Compton Corporation, with operations throughout the country, will soon allocate corporate overhead to the firm's various responsibility centers. Which of the following is definitely not a cost object in this situation?
A) The maintenance department.
B) Product no. 675.
C) Compton Corporation.
D) The Midwest division.
E) The telemarketing center.
Answer:
Compton Corporation is definitely not a cost object in this situation
Explanation:
A cost object is a concept commonly used in financial reporting to describe the costs. Definitions commonly found in expense items include: product lines, geographical areas, clients, teams or anything else handling the costs.
Any object to which costs are independently calculated is a cost entity. In an organization, an expense item can be, for example a team, workmanship, production line or procedure.
For example, the costs of construction, customer support or revamping of a returned product may be tracked.
Answer:
time between orders 25 working days
yearly ordering cost: $150
Explanation:
The annual demand is 4,000 units if order size is 400 units there will be 10 orders per year
Given a year of 50 weeks: every 5 weeks an order will be placed.
As each week has 5 working days that would mean every 25 working days
Then, total order cost:
each order cost $15 to place as there are 10 order per year it will be $150 ordering cost.
Answer:
$17.51
The cost per equivalent unit for conversion costs for the first department for the month is closest to: C) $17.51
Answer:
easy
Explanation:
1. address
2. greeting
3. reason for this letter
4. in 2 paragraph state what u want
5. conclusion
6. end greeting
Answer:
$48,880
Explanation:
beginning principal $50,000
installment payment $5,120
effective interest rate 8%
since you first pay interest and then principal, we must calculate the amount of interest paid = $50,000 x 8% = $4,000
now we subtract the interest paid from the total payment = $5,120 - $4,000 = $1,120
so the principal was reduced by $1,120, that means that the new balance = $50,000 - $1,120 = $48,880
