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2 years ago

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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One good story leads to the larger picture, or the reverse. This is an example of structuring your speech by _____. Group of ans

Nonamiya [84]

Answer:

ascending or descending order

Explanation:

Depending on the preference of the speaker, target audience and other factors, the speaker can choose to structure or organize his speech in different ways. One way in which a speaker can employ in organizing his speech is in an ascending or descending order. Structuring of speech in an ascending or descending order involves choosing a quality or dimension of a subject matter and organize your speech along that dimension in a logical sequence which could be in an ascending or descending order. Starting with a good story that centers on quality and then progressing to a bigger picture which could include using figures, facts, and statistical tools in driving home the point.

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3 years ago

When stock prices decline steadily, investors refer to the market as a ________ market.?

labwork [276]

<span>Most would refer to it as a "Bear" market, as opposed to a "Bull" market when stocks are steadily increasing. </span>

8 0

3 years ago

Read 2 more answers

4. Describe a nonprice competition strategy that you have seen a company use. Do you think this strategy was effective? Why or w

fomenos

One nonprice competition technique is Better Quality. Another nonprice rivalry technique is Better Customer Service. In conclusion, a nonprice rivalry methodology is having a superior site. These procedures matter to clients because of the way that they need to show signs of improvement of a similar item, for example, the better shirt, the better pants, the better administration and so forth.

3 0

3 years ago

A monopoly's cost function is CQ and its the demand for its product is pQ where Q is output, p is price, and C is the total c

Elan Coil [88]

Answer:

The answer is "70 units".

Explanation:

In the given question some equation is missing which can be defined as follows:

$C = 1.5Q^2+40Q\\\\P=320-0.5Q$

Monopolistic functions are used where Marginal Profit = Marginal Cost where marginal revenue and marginal cost stand for the MR and MC.

Finding the value of MR :

$\ MR = \frac{\partial TR}{\partial Q} \\\\$

$= \frac{\partial PQ}{\partial Q} \\\\= \frac{\partial (320-0.5Q)Q}{\partial Q}$

$= \frac{\partial (320Q -0.5Q^2)}{\partial Q}\\\\ = \frac{\partial Q (320 -0.5Q)}{\partial Q}\\\\ \ by \ solving \ we \ get \\\\ = 320 - Q...(1)$

Calculating the value of the MC:

$MC = \frac{\partial TC}{\partial Q} \\$

$=\frac{\partial (1.5Q^2 + 40Q)}{\partial Q} \\\\=\frac{\partial Q (1.5Q + 40)}{\partial Q}\\\\ \ by \ solve \ value \\\\ = 3Q + 40....(2)$

compare the above equation (i) and (ii):

$\to 320 -Q = 3Q+40\\\\\to 320 -40 = 3Q+ Q\\\\\to 280 = 4Q\\\\\to 4Q =280 \\\\\to Q= \frac{280}{4}\\\\\to Q= 70 \\$

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3 years ago

Faced with incomplete information about the future national economic conditions, many employers have eschewed the tradition of h

Solnce55 [7]

Answer:

Option D is correct

Explanation:

The reason is that the company desires to emphasize control over the economic down turn. Most companies collapse in recession due financial distress. And salary of permanent employees is fixed cost which the company has to pay whatever the situation is. Using freelancer's facilities and temporary workers helps in controlling the cost of the product and ensures the survival of the company.

5 0

3 years ago