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True [87]
2 years ago
14

Which of the following is an example of a period cost in a company that makes clothing? Multiple Choice Monthly depreciation on

production equipment. Advertising cost for a new line of clothing. Factory supervisor’s salary. Fabric used to produce men’s pants.
Business
1 answer:
abruzzese [7]2 years ago
3 0

An example of a period cost in a company that makes clothing is monthly depreciation on production equipment.

<h3>What is a period cost?</h3>

Period costs are all costs that cannot be capitalised on a company's balance sheet. It is a cost that cannot be tied to the production of the goods made by the company.

Example of period costs are:

  • Travel and entertainment expenses.
  • Commissions.
  • Depreciation expense.
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4 years ago
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Jennifer is described by her friends as independent, distrusting authority, and technologically savvy. One of her strongest memo
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Answer:

<u>Gen Xers</u>

Explanation:

Gen Xers refers to the generation of those individuals who were born around 1960s.

The above generation has been characterized by witnessing major technological advancements and historical as well as artistic developments such as in the field of music and fine arts.

Some of the behavioral traits associated with them being as skeptic, cynics, technologically aware with respect to their familiarity with technological advancements and prefer independence financially as well as individually.

Thus, Jennifer represents Gen Xers.

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3 years ago
One of Sanjay's work responsibilities is to check inspection stations periodically to monitor the quality of the products throug
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Answer:

This is an example of quality control

Explanation:

A production process usually involves the action of a variety of things that all perform specific functions towards a common goal, usually the production of a finished good or service. This therefor means that a type of management is needed to ensure that all these aspects are handled in such away that the set organizational needs are met. This can be broadly defined as management control. Management control involves the control and operation aspects of a production process to ensure that the organizational goals are met.

One aspect of management control that is very important in the production environment is quality control. Quality control involves the inspection of the production process and the products to determine the quality. The quality of the process and the products is usually measured against set organizational and production standards. This therefor means that if the process or the production quality falls below the standard, then the quality of the product can be said to be low while if the quality meet or surpass the standards then the quality is high.

Quality control helps companies identify areas that need to be improved, thus raising overall product value.

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3 years ago
Cost and Amortization of Intangible Assets On January 2, 2019, Frazier Company purchased a restaurant franchise for $85,000. The
umka21 [38]

Answer: The following journal entries would apply:

<u>Purchase of franchise:</u>

Debit: Restaurant franchise (intangible asset) $85,000

Credit: Cash $85,000

<u>Amortization of franchise:</u>

Debit: Amortization charge $708

Credit: Accumulated amortization $708

Explanation: When the franchise was purchased, there was a cash outflow. So the above first entries would apply in order to recognize the intangible asset in Frazier Company's books. However, the intangible was meant to be amortized over 10 years, meaning $85,000/10 years = $8,500 annual amortization charge. We still have to divide this by 12 in order to arrive at the monthly amortization charge. So $8,500 divided by 12 months = $708 monthly. The above entries apply on amortization.

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3 years ago
One year ago, the Jenkins Center opened an investment account and deposited $4,600. Today, it is depositing another $6,000 and w
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