Managers find operation costing useful in cost management because it: A. focuses on control of physical processes of a given production system B. often results in profit maximization C. uses job costing to account for the conversion costs and process costing for the material and customizable components D. results in cost minimization
Answers
Answer:
The answer is option C) Managers find operation costing useful in cost management because it uses job costing to account for the conversion costs and process costing for the material and customizable components.
Explanation:
Operation costing is a mix of job costing and process costing,
In Process Costing, each process or stage of production is costed separately. while Job costing is used to calculate and assign the total cost of materials, labor, and overhead of a specific job.
The manufacture of a product may consist of several operations. In Operation Costing, costs are collected for each operation instead of each process or stage of manufacture.
Therefore, Managers find operation costing useful in cost management because it uses job costing to account for the conversion costs and process costing for the material and customizable components.
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It opens one of the current worksheets into a new window.
It opens a blank workbook.
It opens a new side-by-side window of an existing workbook.
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Answer:
It opens one of the current worksheets into a new window.
Answer:
It opens one of the current worksheets into a new window.
Explanation:
edge 2020 lesson-managing workbook properties
Answers
Answer: $30.10 per unit
Explanation:
Given that,
Production volume = 602,000 units per year
Market price = $34 per unit
Desired operating income = 17% of total assets
Total assets = $13,800,000
Total income = 17% of Total assets
= 0.17 × $13,800,000
= $2,346,000
Total sales = Market price × Production volume
= $34 per unit × 602,000 units
= $20,468,000
Target full product cost in total for the year:
= Total sales - Total income
= $20,468,000 - $2,346,000
= $18,122,000
Target full product cost per unit =
=
= $30.10 per unit
Answers
Answer:
The correct answer is: served one (1) year or more in jail.
Explanation:
The National Securities Markets Improvement Act (NSMIA) is a U.S. securities regulation law. It aims to give more regulatory power to the federal government. Under this law, people who would like to apply to become securities brokers must not have a prison history as inmates for more than one (1) year. Otherwise, their application will be denied.
II The corporation's capitalization will decrease
III The market value of the common stock will increase
IV The market value of the common stock will decrease
Answers
Answer:
II and III
Explanation:
The best answer is ii and iii. If a corporation repurchases its debt, then its capitalization will decrease. Corporations repurchase debt to refinance at smaller interest rates so as to To increase the market value of the corporation's common stock. If corporation has less debt, the common stock would have more value and to reduce the corporation's earnings fluctuation's due to cyclical conditions. Corporate sales fall because of cyclical conditions, but fixed interest charges do not. This causes earnings for common shareholders to reduce in period of falling sales. To reduce this possibility, a corporation can repurchase its debt.
$'000
Net sales $1,230
Cost of goods sold $520
Operating expenses $440
Net income $390
Balance sheet data:
$'000
Average total equity $2,400
Average total assets $4,000
Supreme reported earnings per share for the year of $4 and paid cash dividends of $1 per share.
At year-end, the Wall Street Journal listed Supreme's capital stock as trading at $88 per share.
Required:
Compute the following:
a). Gross profit rate
b). Supreme's operating income (in millions)
c). Return on assets
d). Return on equity
e). Price-earning ratio
Answers
Answer:
a. Gross profit rate = Gross profit / sales
= $710,000 * 100
$1,230,000
= 57.72%
b. Supreme Operating Income
Gross Profit $710,000
Operating expenses (440,000)
Operating Profit 270,000
c. Return on Asset = Return/ Average Asset
= $390,000 * 100
$4,000,000
= 9.75%
d. Return on equity = Return / Average equity
= $390,000 * 100
$2,400,000
= 16.25%
e. Price-earnings ratio = Market price per share / earnings per share
= $88/ $4
= 22
Explanation:
Computation of Gross profit
$'000
Net Sales 1,230
Cost of goods sold (520)
Gross Profit 710
Answers
Answer:
Jaxon Furnishings Company Vs Logging Opportunities in Alaska
Comparison of the benefits of increased wood production to the costs of deforestation:
The company is using the __environmental sustainability___ approach to make this ethical decision.
Explanation:
According to brittanica.com, environmental "sustainability is understood as a form of intergenerational ethics in which the environmental and economic actions taken by present persons do not diminish the opportunities of future persons to enjoy similar levels of wealth, utility, or welfare."
An approach to an ethical decision is sustainable when it considers the long-term benefits and costs associated with the decision, instead of concentrating on the short-term benefits as some business transactions are done. Short-termism selfishly considers the immediate gains from a transaction. It lacks a futuristic appetite for the good of future generations.