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Nadusha1986 [10]
4 years ago
13

When should process costing techniques be used in assigning costs to products?

Business
1 answer:
Andre45 [30]4 years ago
8 0
The correct option is B.
Process costing is the type of costing technique in which costs are assigned to products in batches. This type of costing is usually used by companies which produce homogeneous products which have similar production process stages. Cost is usually assigned to the batches of goods produced instead of individual units.
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________ are the people involved in or affected by project activities and include the project sponsor, project team, support sta
igor_vitrenko [27]

STAKEHOLDERS are the people involved in or affected by project activities and include the project sponsor, project team, support staff, customers, users, suppliers, and even opponents of the project


3 0
4 years ago
Lyons Company deducts insurance expense of $210,000 for tax purposes in 2021, but the expense is not yet recognized for accounti
Goryan [66]

Answer:

$42,000

Explanation:

Deferred tax liability can be defined as the tax liability which has been due for the current period but has not yet been paid such as installment sales receivable.

Insurance expense of $210,000

Tax rate of 20%

( $210,000 × .20 )

=$42,000

Therefore the amount of the deferred tax liability at the end of 2021 will be $42,000

6 0
3 years ago
Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the
storchak [24]

Answer:

Ending Inventory Units = 500 + 6700 - 6000 = 1200 units

Equivalent units for Material = Units completed and transferred*100% + Ending Inventory units*50% = 6000*100% + 1200*50%

= 6000 + 600 = 6600 units

Cost per equivalent unit for materials = (Beginning Material cost + Material cost incurred during the month) / Equivalent units for Material

= ($5800 + $125600) / 6600

= $19.91

Hence, third option is correct.

8 0
3 years ago
a. MF Corp. has an ROE of 16% and a plowback ratio of 50%. If the coming year's earnings are expected to be $2 per share, at wha
xz_007 [3.2K]

Answer:

Return on equity(r) = 0.16

Plowback ratio(b) = 50 = 0.5

Earnings per share(EPS) = $2

D1 = 50% x $2 = $1

Cost of equity(Ke) = 0.12

Growth rate(g) = b x r

                        = 0.5 x 0.16

                        = 0.08 = 8%

Current market price(Po) = D1/Po + g

                                         = $1/0.12 - 0.08

                                        = $25

Market price in 3 years = Po(1+g)n

= $25(1+0.08)3

= $25(1.08)3

= $31.49

Explanation:

In this case, we need to calculate growth rate by multiplying the plowback ratio by return on equity. Then, we will calculate the current market price as shown above. Thereafter, we will subject the current market price to a 3-year growth rate to calculate the market price in 3 year's time

7 0
3 years ago
A.Find the circumference of the tire.
Dvinal [7]

Answer:

Most common automobile tires are within a few inches of 25″ in diameter, so they cover 2π × 25″ ≈ 157″, or about 13 feet in a complete revolution. So to cover a mile, which is 5280 feet, they'd have to rotate 5280/13 ≈ 406 times.

Explanation:

5 0
3 years ago
Read 2 more answers
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