which of the following is not one of the four steps in accounting for production activity and assigning costs during a period under a process cost system? A. Determine over Ask or underapplied overhead.
B. Determine the physical flow of units
C. Compute the equivalent units of producti
D. Compute the cost per equivalent unit of production
E. Assign and reconcile costs.
Answers
A. Determining over-applied or under-applied overhead is not one of the four steps in accounting for production activity and assigning costs during a period under a process cost system.
The four steps in accounting for production activity and assigning costs during a period under a process cost system are:
1. Determine the physical flow of units: This step involves tracking the movement of units through the production process, from the beginning to the end.
2. Compute the equivalent units of production: Equivalent units are a measure of the number of completed units that could have been produced given the resources used during the period. This step calculates the equivalent units for both completed and partially completed units.
3. Compute the cost per equivalent unit of production: This step involves calculating the cost per equivalent unit by dividing the total production costs by the total equivalent units of production.
4. Assign and reconcile costs: In this step, the costs are allocated to the units produced, taking into account the physical flow and the cost per equivalent unit. This step ensures that the costs are properly assigned to the completed units and the partially completed units, and also involves reconciling any differences or discrepancies.
Therefore, option A, "Determine over-applied or under-applied overhead," is not one of the four steps in accounting for production activity and assigning costs during a period under a process cost system.
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Related Questions
Johnson Industries borrows money from a bank for operating purposes, which is commonly referred to as a working capital loan. If the company borrows $470000.0 now at an interest rate of 2.50% per year, compounded monthly, and the rate increases to 13.00%/yr, compounded monthly after 3.0 months, how much will the company owe at the end of 1 year? Your Answer: Answer
Answers
At the end of 1 year, Johnson Industries will owe approximately $481,968.65. The interest rate change after 3 months affected the total amount owed, resulting in a higher final amount compared to if the interest rate had remained constant.
To calculate the amount Johnson Industries will owe at the end of 1 year, we need to consider the two different interest rates and the compounding periods involved.
Step 1: Calculate the interest for the first 3 months.
The interest for the first 3 months is calculated using the initial interest rate of 2.50% per year, compounded monthly. We can use the formula for compound interest:
A = P(1 + r/n)^(nt)
Where:
A = Total amount after interest
P = Principal amount (borrowed amount)
r = Annual interest rate (in decimal form)
n = Number of times the interest is compounded per year
t = Time in years
For the first 3 months:
P = $470,000.0
r = 2.50% per year
= 0.025
n = 12 (compounded monthly)
t = 3/12
= 0.25 years
A = $470,000.0 * (1 + 0.025/12)^(12 * 0.25)
A ≈ $470,603.17
Step 2: Calculate the interest for the remaining 9 months.
After 3 months, the interest rate increases to 13.00% per year, compounded monthly. Using the same formula:
P = $470,603.17 (the amount after 3 months)
r = 13.00% per year
= 0.13
n = 12 (compounded monthly)
t = 9/12
= 0.75 years
A = $470,603.17 * (1 + 0.13/12)^(12 * 0.75)
A ≈ $481,968.65
At the end of 1 year, Johnson Industries will owe approximately $481,968.65. The interest rate change after 3 months affected the total amount owed, resulting in a higher final amount compared to if the interest rate had remained constant. It's important for businesses to consider the impact of interest rate changes on their loans and manage their finances accordingly to avoid unexpected increases in their debt obligations.
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Investors minimize risk by investing money in __________. A. one specific company B. a variety of companies C. newly-formed corporations D. companies that are competitors Please select the best answer from the choices provided A B C D
Answers
Answer: B. a variety of companies
Explanation:
Investors minimize risk by investing money in a variety of companies. The reason for this is to minimize risk. Investing in one specific company isn't ideal because in the case of the company running at a loss, the investor loses all his or her money as well.
On the other hand, when the investor invest in different companies, the risk is minimized. When one company isn't doing well, others will probably be doing well.
Suppose you are in charge of a project and you notice that one of your team members is assigne to do a disproportionately large amount of the work. What would you do? A. Talk to the team member to see whether (s)he needs help. B. Plan to reassign some of the team member's tasks. C. Take on some of the tasks yourself. D. None of the above.
Answers
By actively addressing the disproportionate workload, I aim to promote a balanced and supportive work environment, enhance team morale, and ensure the successful completion of the project.
If I notice that one of my team members is assigned to do a disproportionately large amount of work, I would take the following steps:
A. Talk to the team member: The first course of action would be to have an open and honest conversation with the team member. I would ask them about their workload, discuss their challenges and concerns, and inquire if they need any assistance or support. This will help me understand the situation better and provide an opportunity to address any imbalances.
B. Plan to reassign tasks: Based on the discussion with the team member, if it is evident that their workload is indeed excessive, I would assess the workload distribution among the team and identify tasks that can be reassigned. This would involve redistributing tasks more evenly, ensuring that each team member has a fair share of responsibilities and opportunities for growth.
C. Delegate or take on tasks: If reassigning tasks is not sufficient to alleviate the workload imbalance, I would consider delegating some of the tasks to other team members or myself. Delegation allows for collaboration and shared responsibility, enabling the team to work more efficiently and effectively.
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Jefferson & sons is evaluating a project that will increase annual sales by $145,000 and annual cash costs by $94,000. The project will initially require $110,000 in fixed assets that will be depreciated straight-line to a zero book value over the 4-year life of the project. The applicable tax rate is 32 percent. What is the operating cash flow for this project?.
Answers
The project's cash flow is $43,480. Jefferson & Sons is considering a project that will annual sales by $145,000 and raise cash costs by $94,000.
The flow of money into and out of an organization is known as cash flow.
Cash outflows are represented by cash inflows, and vice versa.
The cash flow statement is a type of financial statement that details the sources and uses of a company's cash over time.
Cash flows from operations, investing, and financing are the three main types of cash flows for businesses.
A company's cash flow can be examined using a number of different techniques, such as the debt service coverage ratio, free cash flow, and unlevered cash flow.
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In Citation when you use the exact words from a source, you are ______________________.
Answers
Answer:
Quoting
Explanation:
or something along those lines
While training for best practices is a good example of Classical Management, it's also A. time saving B. time expensive C. waste reducing 4
Answers
Time saving is a good example of Classical Management . The division of labour is one benefit of the classical management method. Larger projects are divided into manageable, smaller jobs.
What is another name for classical management?Early in the 20th century, scientific management theory—also known as classical management theory—became widely accepted and placed a focus on raising employee productivity. The traditional theory of management, which Frederick Taylor developed, promoted a systematic examination of the tasks and the personnel in charge of them.
What is modern traditional management?The neoclassical theory is a broad adaptation of the classical theory that takes behavioural science into account when managing a company. According to this view, an organisation is a social system, and human actions have an impact on how well it functions.
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what methods of pain management did you use and what other methods should be considered for brittany, based on the latest evidence-based practice?
Answers
Some general information about commonly used and recommended methods of pain management based on evidence-based practic, such as Medications and Physical Therapy.
It is important to note that the most appropriate pain management strategy will vary from person to person, and it is important to work with a healthcare professional to develop a comprehensive treatment plan tailored to individual needs and preferences. In addition, new treatments and technologies are constantly being developed and the latest evidence-based practices must be taken into account when making decisions about pain management.
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which statement supports the idea that good marketing is not an easy task?
Answers
Each year, thousands of new items fail on the market. A comparatively modest amount of new products are introduced to the market each year. The product's creators, not the marketing department, are in charge of promoting new items.
Which of the marketing-related assertions that follow is true?In order to generate demand for a company's products, marketing is a tactic that is used to raise awareness of the items. The company's revenues are boosted as a result. There'll be more jobs in the industry as a result of increased production activities as the demand for the items rises.
Which among the following best sums up what marketing is?A company should devote all of its efforts and resources to satisfying the requirements of its clients while turning a profit.
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Complete question:
Which statement supports the idea that good marketing is not an easy task?
Thousands of new products fail in the marketplace each year.The number of new products that enter the marketplace each year is relatively small.The promotion of new products is being handled by the developers of the product and not the marketing team.do females like when being proposed? or which way? to make it official.
Answers
Answer:
yes few like few not .
sometimes it's even worst
according to the wb-11 residential offer to purchase who is responsible to pay special assessments levied against a seller's property after the date of the offer but prior to acceptance?
Answers
According to the WB-11 residential offer to purchase, the buyer is responsible to pay special assessments levied against a seller's property after the date of the offer but prior to acceptance.
The WB-11 residential offer to purchase is a great opportunity for families looking for a new home. The offer includes a free home consultation and a $500 credit towards the purchase of a new home. The WB-11 residential offer is a great way to save money on your new home and get the best possible deal.
The WB-11 residential offer is an excellent opportunity for those who are looking for a place to call home. The offer includes a spacious and comfortable home, complete with all the amenities you could need.
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Is 1st Financial bank legit?
Answers
1st Financial Bank, also known as 1st Financial Bank USA, is a regional bank based in South Dakota that offers various financial services including checking and savings accounts, loans, and credit cards. The question of whether 1st Financial Bank is a legitimate bank is an important one for consumers who are considering doing business with the bank.
To answer the question of whether 1st Financial Bank is legit, it's important to look at the bank's regulatory compliance and security measures. Keyword, all banks in the United States are required to follow strict regulations set forth by the federal government, including the Federal Deposit Insurance Corporation (FDIC). This means that 1st Financial Bank must adhere to strict standards for consumer protection, privacy, and security.
Another factor to consider is the bank's reputation and customer satisfaction. Keyword, online reviews, consumer reports, and forums can be a good indicator of the bank's reputation and the experiences of its customers. It's important to take these reviews into account when determining the legitimacy of a bank.
In addition to regulatory compliance and customer satisfaction, it's also important to consider the bank's financial stability. Keyword, this can be determined by looking at the bank's financial statements and ratings from credit rating agencies. A bank with a strong financial position and good credit rating is generally considered to be a safe and reliable option for customers.
In conclusion, 1st Financial Bank is a legitimate bank that is regulated by the federal government and is subject to strict standards for consumer protection, privacy, and security. Keyword, to determine whether the bank is a good fit for you, it's important to consider factors such as regulatory compliance, customer satisfaction, and financial stability. As with any financial institution, it is always recommended to do thorough research and consult with a financial advisor before making any decisions.
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One of the benefits of marketing research is to determine what areas of the company's website are generating the most revenue. True False
Answers
True.
One of the benefits of marketing research is to determine what areas of the company's website are generating the most revenue. The study provides a company with a range of benefits, such as market trends and target market interests, and what is being marketed by competitors.
Marketing research will aid in the development of new marketing campaigns, the development of a company's brand, and the evaluation of the success of marketing initiatives. It's a valuable tool that any company should use to stay ahead of the competition.
The importance of marketing research for a company cannot be overstated. With the aid of marketing research, businesses may learn about the markets they are interested in, as well as the competition they face in those markets. Marketing research may provide a company with insight into how their products and services are viewed by consumers, allowing them to adjust their strategies accordingly.
In summary, one of the benefits of marketing research is to determine what areas of the company's website are generating the most revenue. It is an important tool for businesses that want to gain a better understanding of their customers, markets, and competition.
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I need help bruh. Prereading activities include A. concept mapping B. discussion C. Questioning D. all of these
Answers
Explanation
Answer:
D
All of these
Explanation:
· Hope's contribution to her RETIREMENT plan...
a. is a post-tax contribution on which she pays federal income taxes
b. is pre-tax and therefore not included in federal income taxes
c. Is a contribution to her Social Security
d. is taxed at a rate of 15%
Answers
Based on Hope's check, her contribution to her RETIREMENT plan b. is pre-tax and therefore not included in federal income taxes.
What does the check say?The check notes that Hope's retirement contribution is not included in her federal taxable income.
This means that the contribution is paid pre-tax and will not be liable for federal income taxes. She will most probably pay taxes on the retirement fund when she withdraws from it.
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Do I have any college students on here willing to help me with a project? It's for my personal finance class. I'm in college but I'm a high schooler. I have to make a report on what the average college student spends. I will not be asking for bank card/account info or anything of that sort. No social security numbers or phone numbers. If you'd be willing to help me out thanks!!
Answers
Explanation: I'm a VERY smart 7th grader. : )
Answer:
i'm not in college but i can help you if you need help
Explanation:
On what ideology is Blake and Mouton’s Managerial/Leadership Grid based? (BLANK) theory suggests that traits are inherent, while conduct can be taught.
Answers
The Blake and Mouton’s managerial grid is based on the concern for production(tasks) and concern for people(relationships). The Great man theory suggests that traits are inherent, while conduct can be taught.
What do you mean by Blake and Mouton's managerial grid and Great Man Theory.As per the Managerial Grid, developed by Robert Blake and Jane Mouton, five different types of leadership based on their concern for the production and concern for the people are located in four quadrants.. According to the Great Man Theory leaders are born with the right traits and abilities for leading – charisma, intellect, confidence, communication skills, and social skills.
The concern for production is illustrated on the horizontal axis of the managerial grid and production became more important to the leader as his rating advances on the horizontal scale.
The Great Man Theory of Leadership emphasizes that great leaders are born, not made. These individuals come into the world possessing certain characteristics and traits not found in all people.
The Managerial grid is a useful device for identification and classification of managerial styles.
The essence of the Great Man Theory lies in the fact that those in power deserve to lead because of the traits they have been endowed with.
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Economists interested in price stability have established that the function p(t) = (Po-P.)e^k(0-A)^t+ Pe relates the current price of a commodity to the time t in months since it was initially priced at po dollars, where p, represents the equilibrium price of the commodity, and the numbers a and A are constants that depend on the supply and demand of the item. If the commodity was originally priced at $41 and the equilibrium price is $32 and k = 0.1 , a = 5, and A = 6, what is the expected price of the item 20 months after its initial pricing? Round to the nearest cent.
TIP Enter your answer as an integer or decimal number. Examples 3, 4, 5.5172 Enter DNE for Does Not Exist, on for Infinity Your answer should include exactly 2 decimal places.
Answers
The expected price of the commodity 20 months after its initial pricing can be determined using the given function p(t) = (Po - P)e^(k(0 - A)t) + Pe.
Where Po represents the initial price, P is the equilibrium price, k is a constant, and a and A are additional constants. By substituting the given values (Po = $41, P = $32, k = 0.1, a = 5, A = 6) into the equation, we can calculate the expected price. Using the formula p(t) = (Po - P)e^(k(0 - A)t) + Pe, we substitute the given values as follows: Po = $41, P = $32, k = 0.1, a = 5, A = 6, and t = 20. Plugging these values into the equation, we get p(20) = (41 - 32)e^(0.1(0 - 6)20) + 32. Simplifying the expression, we have p(20) = 9e^(-1.2) + 32.
Calculating the value inside the exponential term, we find e^(-1.2) ≈ 0.3012. Multiplying this by 9, we get 9 * 0.3012 ≈ 2.7108. Adding this to 32, we find the expected price after 20 months to be approximately $34.7108. Therefore, the expected price of the item 20 months after its initial pricing is $34.71, rounded to the nearest cent.
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A copyright must be registered for a person to have rights to his or her work.
True
Or False
Answers
Answer:false Explanation:
Answer:
False
Explanation:
Copyright exists from the moment the work is created.
In order to save for your retirement, you want to save $6,000 every year for 17 years, starting one year from now. The annual interest will you have rate on your savings account is 4%. How much money in your account in 17 years?
Answers
You will have $167,225.74 in your account in 17 years if you save $6,000 every year with an annual interest rate of 4%.
We can use the formula for the future value of an annuity to solve this problem: FV = P * [(1 + r)^n - 1] / r
where:
FV = future value
P = periodic payment (in this case, $6,000 per year)
r = annual interest rate
n = number of periods (17 years)
Plugging in the values given in the problem, we get:
FV = 6,000 * [(1 + 0.04)^17 - 1] / 0.04
FV = 6,000 * [(1.04)^17 - 1] / 0.04
FV = $167,225.74
Therefore, you will have $167,225.74 in your account in 17 years if you save $6,000 every year with an annual interest rate of 4%.
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Sherry owns a car business. She just received a shipment of Volkswagen SUVs. She paid $60,000 for each vehicle and wants to make 25% on each car sale. What is Sherry's selling price?.
Answers
The selling price of the price that is offered to the buyer of the goods. The selling price of the car should be $75,000.
What is the selling price?The selling price is the ultimate value of the goods the seller is willing to offer to the buyer at the time of sale. It is determined by adding up the profit margin to the actual cost of the goods.
The computation of the selling price of the car:
Given,
Cost price =$60,000Margin =25%\(\begin{aligned}\text{Selling Price}&=\text{Cost Price}+\text{Margin}\\&=\$60,000+(\$60,000\times25\%)\\&=\$60,000+\$15,000\\&=\$75,000\end{aligned}\)
Therefore, if Sherry wants to make 25% on the sale of each car then the car must be sold at $75,000 each.
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4. Does the same thing work for every customer?
Answers
Answer:
No all customers are diffrent one might like the smell of lavender when one customer might hate lavender and like the smell of honey.
Explanation:
Answer:
No,because every person is only them not everybody else they have their own likes and dislikes
when ella’s self talk is _, she reminds herself the successes she has had in the past
Answers
When Ella's self talk is negative or critical, she reminds herself of the successes she has had in the past.
This helps her build confidence and a positive mindset, reminding her that she is capable of achieving great things. Focusing on past successes can also serve as motivation to continue striving for success in the future. Self-talk that is negative can be quite detrimental. Negative self-talk has been shown to "feed" worry, despair, and stress while diminishing self-esteem levels. This may result in a decline in commitment as well as increased helplessness.
Overview. A pattern that results in thinking negatively about oneself and their environment is referred to as negative thinking.
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When Ella's self talk is negative or critical, she reminds herself of the successes she has had in the past.
This helps her build confidence and a positive mindset, reminding her that she is capable of achieving great things. Focusing on past successes can also serve as motivation to continue striving for success in the future. Self-talk that is negative can be quite detrimental. Negative self-talk has been shown to "feed" worry, despair, and stress while diminishing self-esteem levels. This may result in a decline in commitment as well as increased helplessness.
Overview, a pattern that results in thinking negatively about oneself and their environment is referred to as negative thinking.
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A country has a trade deficit of $20 billion with its trading partners (
year. Which change would cause the country to have a trade surplus the
following year, assuming everything else remains the same?
A. The country increases its exports by $30 billion.
B. The country increases its imports by $30 billion.
C. The country decreases its exports by $10 billion.
D. The country decreases its imports by $10 billion.
Answers
D) The nation reduces its exports by $30 billion, the change would result in a trade deficit the following year for the country that had a trade surplus of $20 billion in one year.
When imports rise faster than exports, a trade deficit occurs. If the country increases its exports by $30 billion, decreases its imports by $10 billion, or increases its imports by $10 billion, it cannot have a trade deficit.
As a result, the country will only experience a trade deficit if its exports decrease by $30 billion while the rest of its exports remain unchanged.
With an example, what is a trade deficit?A country has a trade deficit when its imports exceed its exports over a given time period. A negative balance of trade (BOT) is another name for this situation. There are several ways to determine the balance, including: goods (also called " merchandise”), goods and services, and services and goods.
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Full Question = A country has a trade surplus of $20 billion with its trading partners over a
year. Which change would cause the country to have a trade deficit the
following year, assuming everything else remains the same?
A. The country increases its exports by $30 billion.
B. The country decreases its imports by $10 billion.
O C. The country increases its imports by $10 billion.
O D. The country decreases its exports by $30 billion.
. Describe an example of a company that manufactures a product. (2-4 sentences. 1.0 points)
Answers
Answer:
The Coca-cola Company is a company that manufactures products. It is a multi-national company that manufactures soft drinks.
Explanation:
The Coca-Cola Company is an American company, and producer, retailer, and marketer of nonalcoholic drink stores and sugars. As the consumers demand for more the producers supply more. Further more you can easily find the substitutes of Coca-Cola for example if it’s expensive you can move to Pepsi brand which is the same.
Morning light does not enter the swamp. Even the sunrise is dark. Still, time progresses, night into day
A picture of bayou country is deceiving Slow streams converge under mud to make the appearance of land that is actually water. One net of moss hangs from one hundred trees. Lightning strikes the
same stump many times.
People pass the swamp's fringes in trains, on tracks that cling to the last solid ground. Out of their windows are landscapes that take the earth's colors to every periphery, Bright orange sunsets
surround people like sky on an airplane. On gray foggy mornings they ride through a dream that has no beginning or end. But time has its limits, these people know. They are expected places--Memphis
by midnight, New Orleans by dawn
Deep in the swamp, animals keep the only appointments Birds gather at high places in trees. Raccoons make their last noisy passes for food across someone's back porch before he awakes. Fish all
around splash up, although they cannot see the morning coming to clean the picture of day like clothes bleaching in a galvanized tub from dark gray to light gray
Joan looked out from the porch to the swamp she had known all her life. Ahead of her in the veiled light were the outlines of many trees. Below and around her were the crisp sounds of nature
awakening Cupped in both hands, perched on her knees was a warm mug of coffee.
Which of the following can the reader infer from the passage above?
O Travelers sleep throughout the journey.
O The ride is for airplane passengers to see the sky.
O Travelers lose their sense of the outside world.
Answers
Answer:
Travelers lose their sense of the outside world.
Explanation:
Study Island
making insurance payments in advance is an example of: multiple choice an accrued expense transaction. an accrued revenue transaction. a deferred revenue transaction. a prepaid expense transaction.
Answers
Making insurance payments in advance is an example of accrued revenue transaction. Thus, option b is correct.
Because the goods or services on the basis of the transaction have already been sold or rendered, revenue is an example of an accumulated receivable prior to the receipt of cash recording. As a result, the receivable is included in the revenue item.
A journal entry known as an adjusting journal entry is used to report accrued revenue in the financial records. The revenue is added to the cumulative revenue once the accountant debits an acquisition account for the sum.
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Customer value depends on the product’s cost versus the perceived ________ the buyer received
Answers
Customer value depends on the product's cost versus the perceived benefits the buyer received.
Value is the satisfaction that a consumer derives from a product or service and is the difference between the perceived benefits and the perceived costs of the item.In other words, customer value is the difference between the total value that a customer perceives from a product and the total cost of the product. If the perceived benefits are greater than the cost, the customer will perceive the product as having high value.
On the other hand, if the cost is greater than the perceived benefits, the customer will perceive the product as having low value. Therefore, companies must strive to deliver products that offer greater perceived benefits than their cost in order to create value for their customers.
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what are different types of schools one can consider, when looking into schools that may have programs that match their interests?
Answers
Answer:
trade school, community college, university
Explanation:
Answer:1. Colleges and Universities
2. Community Colleges
3. Carrier schools
4. International schools
Explanation: hope this helps :D
I attached a pic of my question, pls help.
Answers
Farmer raising sheep.
the comstock lode in nevada yielded vast amounts of __________.
Answers
The Comstock Lode in Nevada yielded vast amounts of silver and gold. Discovered in 1859, the Comstock Lode was a major mining deposit that played a significant role in the development of the American West.
Located near Virginia City, Nevada, the lode produced an enormous quantity of precious metals, particularly silver, making it one of the richest and most important mining sites in the United States. The discovery of the Comstock Lode sparked a mining rush, attracting thousands of miners, prospectors, and entrepreneurs to the region. The extraction of silver and gold from the Comstock Lode not only resulted in immense wealth for individuals and mining companies but also had a profound impact on the economy of the Western United States. The influx of population and capital spurred the growth of towns, infrastructure, and industries in the area.
The Comstock Lode's production of silver and gold contributed significantly to the overall wealth and prosperity of the United States during the late 19th century. It also played a vital role in the silver mining industry, supporting the nation's monetary system and bolstering economic activity in the region. The legacy of the Comstock Lode remains an important part of Nevada's history and the story of American mining.
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