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Alecsey [184]
2 years ago
9

When a company prepares financial statements using standard costing, which items are reported at standard cost

Business
1 answer:
Dmitrij [34]2 years ago
7 0

Answer: Inventories and cost of goods sold.

Explanation:

Standard costing is used in accounting and it simply has to do with the substitution of the cost that's expected for a product with an actual cost when preparing financial statements.

The difference that's then between the actual costs and expected costs are then recorded as variance. It should also be noted that when a company prepares financial statements using standard costing, the items that are reported at standard cost will be Inventories and the cost of goods sold.

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Cash receipts from sales of property plant and equipment (ppe)are cash flows arising from?​
VMariaS [17]

Answer:

Investing activities

Explanation:

Investing activities refer to the activities of purchasing and selling long-term assets or other investment instruments.  Cash flow from investing activities is among the three primary sources of a business's cash flows as recorded in a cash flow statement.

Other activities that are considered investing activities include

  1. Acquisitions of other firms or businesses
  2. Incomes from the sale of other businesses
  3. Purchases or sale of marketable securities such as shares, bonds, etc
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3 years ago
Famous Foods is a fast-food chain restaurant famous for its hot coffee (its coffee temperature is a bit higher than that of the
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The total amount of points are 917272829.
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3 years ago
Do you think a luxury brand can ever be called good value? Explain your answer
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I do believe luxurious brands are very picky with there titles
6 0
3 years ago
A new manufacturing machine is expected to cost $278,000, have an eight-year life, and a $30,000 salvage value. The machine will
oksano4ka [1.4K]

Answer:

C) 4.2 years

Explanation:

The computation of the payback period is as follows;

As we know that

Payback Period = Initial cost ÷ Annual net cash flow

Here

Initial cost = $278000

Annual net cash flow = Incremental after tax + Depreciation per year

where,  

Depreciation per year = (Original cost - Salvage value) ÷ Estimated Life

= ($278,000 - $30,000) ÷ 8 years

= $31,000

Annual net cash flow is

= $35000 + $31000

= $66000

So,

Payback Period is

= $278000 ÷ $66000

= 4.2 Years

4 0
3 years ago
A number of things organizations can do prior to change to prepare employees include which of the following?
natulia [17]

Answer:

The correct answer is Allow employees to particpate.

Explanation:

Following a strategy in which employee participation is promoted does not imply that all problems are delegated to them, or rather unimportant problems; It consists in the active intervention of workers when identifying, analyzing and solving problems that make it difficult to achieve business objectives. It is important that employees get involved in the challenges of the organization to which they belong, and in the same way that they feel satisfied by a positive performance, they must also be aware and persistent in the face of adverse situations that affect the performance of the company.

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