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kati45 [8]
3 years ago
11

the cost object(s) of the activity-based costing method is(are): Multiple Choice The unit of product. The production departments

of the company. The production activities of the company. The production activities in the first stage and the unit of product in the second stage. The unit of product in the first stage and the production activities in the second stage.
Business
1 answer:
Agata [3.3K]3 years ago
7 0

Answer: d. The production activities in the first stage and the unit of product in the second stage

Explanation:

Activity based Costing is primarily a method of assigning indirect costs like administrative expenses to the goods and services manufactured by a company by basing it on the activities of the company.

With Activity Based Costing, the company aims to figure out how much these aforementioned activities cost first and then calculating the cost per unit in the second stage by assigning cost per level of activity.

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Credit Losses Based on Credit Sales Lewis Company uses the allowance method for recording its expected credit losses. It estimat
ASHA 777 [7]

Answer:

Explanation:

The adjusting entry to record the credit losses is shown below:

Bad debt expense A/c Dr $45,000

       To Allowance for doubtful debts $45,000

(Being bad debt is recorded)

The credit loss computation is shown below:

= Credit sales × estimated percentage

= $900,000 × 5%

= $45,000

For recording this transaction, we debited the expense account and credited the contra asset account.

4 0
3 years ago
17 Select the correct answer. Which characteristic best describes organizational buying? A. The market contains huge numbers of
Kryger [21]

Answer:

The market contains huge numbers of buyers.

Explanation:

Organization buying is the process through which formal institutions establish the basis for purchasing products or services. It involves identifying, evaluating, and picking the ideal option from the available brands and suppliers. A typical organization will have a team of skilled workers directly or indirectly involved in the buying process.  Businesses that purpose to maximize profits will go the extra mile to get the best deals on their purchases.

Organization buying will involve the participation of many people.  Common characteristics of organization buying are

  • Several people in the organization influence buying
  • The organizational buyers are qualified professionals in purchasing.
  • A lot of purchasing occurs in direct dealing with producers.
  • The purchases are in large quantities
  • Close relationships and service are required.
3 0
3 years ago
The Government and Public Administration Career Cluster includes careers involving which of the following? Travel and tourism Co
Artyom0805 [142]

Answer:

Human Resources Management

Explanation:

3 0
3 years ago
XYZ Co. purchased merchandise on June 10 at a $5,000 invoice price with terms of 2/10, n/30 and paid for the merchandise on June
mel-nik [20]

Answer:

Credit Cash for $5,000 on June 25.: Both methods

Credit Cash for $4,900 on June 25.: Neither method

Debit Discounts lost for $100 on June 25.: Net method

Debit Merchandise inventory for $5,000 for June 10.:Gross method

Explanation:

Based on the information given the required entries to record and pay for this purchase under both the GROSS METHOD and the NET METHOD by matching the action on the left with the method on the right will be :

Credit Cash for $5,000 on June 25.: BOTH METHODS

Credit Cash for $4,900 on June 25.: NEITHER METHOD

(100%-2%*$5,000)

Debit Discounts lost for $100 on June 25.: NET METHOD

(2%*$5,000)

Debit Merchandise inventory for $5,000 for June 10.:GROSS METHOD

7 0
2 years ago
Vaughn Manufacturing can sell all the units it can produce of either Plain or Fancy but not both. Plain has a unit contribution
Annette [7]

Answer:

Vaughn should produce Plain as it makes greater profit.

Explanation:

Vaughn Manufacturing can sell all the units it can produce of either Plain or Fancy but not both.

Plain has a unit contribution margin of $86 and takes two machine hours to make and Fancy has a unit contribution margin of $111 and takes three machine hours to make.

There are 2400 machine hours available to manufacture a product.

Profit per machine hour for Plain

= \frac{86}{2}

= $43

Profit per machine hour for Fancy

= \frac{111}{3}

= $37

The difference in profit

= $43 - $37

= $6

Plain makes $6 more profit per machine hour than Fancy.

7 0
3 years ago
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