Answer:
All the answers are correct.
Explanation:
The cost of the processor chips is a <em>direct cost</em> because it is the vital thing of any laptops. Without a processor, the laptop is nothing but a heartless product.
The cost is <em>variable</em> because the price of a processor varies as there are various processors in the computer market.
The cost is a <em>product cost</em> because it is directly related to manufacturing a laptop.
Answer:
Liabilities and expenses
Explanation:
Liabilities and expenses are mostly thee ones that have a normal credit balance
False due to the costing methods LIFO (last in first out), LILO ( last in last out), weighted average all yield the same amount
Answer:
$0
Explanation:
According to US GAAP the reduction in the value of the asset due to a decrease in the fair value. It means when fair value of the asset is reduced than the book value of the asset.
Amortized Cost / Book value = $50,000
Market Value = $53,000
Discounted Value = $51,000
There is no Impairment loss on this asset as the fair market value is more than the book value of the asset.
One kiosk provides contact efficiency <span>for both consumers and the production studios.
In this case, contact efficiency refers to how easy customers could communicate with the producers. Usually, this being done by cutting the number of transactions for the goods to arrive at customers' hands.</span>