Some manufacturing costs may be excluded from product costs when using blank______ costing.
Answers
Some manufacturing costs may be excluded from product costs when using variable costing.
Variable costing is a managerial accounting method that focuses on the flow of variable costs associated with the production of goods and services. In contrast to traditional costing, where all manufacturing costs are included in the cost of a product, variable costing only includes the variable costs associated with a product.
The manufacturing costs that may be excluded from product costs when using variable costing are fixed costs. This is because fixed costs are incurred regardless of the number of units produced. Variable costing, on the other hand, only includes variable costs, which are costs that fluctuate in proportion to the level of production.
Examples of variable costs include raw materials, direct labor, and variable overhead.
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Related Questions
Which type of worker would most likely be able to begin work after receiving a high school degree and completing
an on-the-job apprenticeship?
A. a miner
B. a forester
C. a conservationist
D. a park worker
Answers
Isaiah has the opportunity to participate in a work-study program at college. If he participates, how might this benefit him?
He can earn college credit for each hour that he works.
He will get the chance to meet with experts who work in his chosen career field.
He will have the ability to study while at his job on campus.
He will work a part-time job on campus to help pay for his tuition.
Answers
Answer :He can earn college credit for each hour that he works.
Explanation:
It would help him because he wouldn't have to pay for the credits
GDP is: A. Dthe total value of all consumer expenditures within a given period B. national income after taxes C.the total value of all final goods and services plus intermediate goods and services produced domestically within a given period. D. the value of all final goods and services produced domestically within a given period.
D
Final goods or services used to compute GDP refer to: the factors of production used to produce output, goods and services purchased by the ultimate users, the sum of all exports plus imports.
goods and services purchased by the ultimate users.
Intermediate products: A. produced domestically are not directly reflected in a nation's GDP B. are imported retail products C. are goods that are purchased by the ultimate user
A. produced domestically are not directly reflected in a nation's GDP.
Net exports are defined as: A. exports plus imports B. exports minus imports. C. imports minus exports.
B
What is the measure of the income received by owners of resources used in making final goods and services? factor payments, product payments, indirect earnings, direct earnings
factor payments The prosperity of a nation today is typically measured by its: A. total output or gross national product B. output per capita C. gold reserves
B
A country will roughly double its GDP in twenty years if its annual growth rate is: 2.5%, 3.5%, 7.5%
3.5%
As more capital per worker is added, a per worker production function generally becomes: A. flatter because capital is subject to diminishing marginal returns B. flatter because labor is subject to diminishing marginal returns. C. flatter because capital is subject to increasing marginal returns.
A
In a fully employed economy, invention and discovery: are automatic, achieved through sacrifices in current consumption, have negative op. cost, all of the above
are achieved through sacrifices in current consumption.
T/F: a piece of glass bought by a consumer to fix a broken window would be counted toward GDP
true
T/F: a sheet of glass purchased by General Motors for the side window of a new car would be counted toward GDP
false; its an intermediate good Which of the following products are not included in current U.S. GDP? A. a Washington apple B. a Ford Mustang produced last year and sold this year C. a physical examination at a California health clinic D. All of the above
B; it was included in last years GDP
GDP does not directly include: A. the value of final goods and services produced, but not sold, during a period B. the value of services rendered during a period C. the value of intermediate goods sold during a period D. any E. either a or c
C
The most volatile GDP category under the expenditure approach is: wages/salaries, investment, consumption, gov purchases, net exports
investment The investment component of GDP includes: A. funds in individual retirement accounts. B. construction of a new steel mill C. the sale of shares of Coca-Cola stock D. the purchase of a refrigerator by a household.
B
If a nation's imports exceed its exports: A. net exports will be positive. B. GDP will be less than the sum of consumption, investment, and government purchases C. GDP will be greater than the sum of consumption, investment, and government purchases. D. none of the above apply.
B -net exports will be negative and GDP will be less than sum of consumption, investment, and gov purchases
The services rendered by a special agent with the Federal Bureau of Investigation is included in which expenditure category of GDP: consumption, investment, government purchases, net exports, none of the above
gov purchases In 2008, U.S. Nominal GDP totaled approximately: $2.1 tril, 2.8, 14.3, 10.1, none $14.3 til
If the price index is now 120, it means: A. prices are 120 percent higher than in the base year. B. prices are 20 percent higher than in the base year. C. prices are 1.2 percent higher than in the base year
D. nominal GDP will be less than real GDP. E. that both b. and d. are true.
B
Which of the following is a problem with using real GDP as a measure of economic well-being? A. does not account for inflation B. does not account for production within the household C. does not account for production by foreign firms producing inside the U.S. D. all of the above
B
Estimates of the size of the underground economy range from: A. 4 to 20 percent. B. 2 to 5 percent. C. 7 to 10 percent. D. 45 to 60 percent.
A
Answers
D. all of the above. Gross Domestic Product is the total market value of all final goods and services produced within an economy in a given year.
What is GDP?GDP measures the monetary value of final goods and services—that is, those that are bought by the final user—produced in a country in a given period of time (say a quarter or a year). It counts all of the output generated within the borders of a country.
Payments for transfers are excluded from GDP. GDP is the total dollar worth of all finished products and services produced domestically inside a nation during a specific time period.
Gross domestic product (GDP) measures the market value of all completed goods produced and sold by countries within a specific time period in terms of money. Due to the measurement's complexity and subjectivity, it must be repeatedly adjusted before it can be considered a reliable indicator. While GDP per capita does not account for differences in the cost of living and inflation rates of the various countries, nominal GDP is preferable for comparing national economies on the global market. Therefore, when comparing living standards between nations, employing a base of GDP per capita at purchasing power parity (PPP) may be more useful. It is also possible to quantify the contribution of each industry or sector to the overall GDP.
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what is the probability of three or less nonconforming when sampling 4 of a lot of 12 insurance claims where it is known there are 3 nonconforming in the lot?
Answers
The probability of three or less nonconforming when sampling 4 of a lot of 12 insurance claims where it is known there are 3 nonconforming in the lot is 0.576.
This question is an example of a hypergeometric probability distribution problem. The hypergeometric distribution is used to calculate the probability of selecting a specific number of items of interest from a finite population without replacement. In this case, we have a lot of 12 insurance claims, where 3 are nonconforming. We want to calculate the probability of selecting 3 or fewer nonconforming claims when sampling 4 claims from the lot without replacement.
To solve this problem, we can use the hypergeometric probability distribution formula, which is:
P(X ≤ 3) = Σ [ C(r, k) C(N-r, n-k) ] / C(N, n)
where:
P(X ≤ 3) is the probability of selecting 3 or fewer nonconforming claimsC(r, k) is the number of ways to choose k nonconforming claims from r nonconforming claimsC(N-r, n-k) is the number of ways to choose n-k conforming claims from N-r conforming claimsC(N, n) is the total number of ways to choose n claims from N claimsWhere,
r = 3 (number of nonconforming claims in the lot)
k = 0, 1, 2, 3 (number of nonconforming claims selected in the sample)
N-r = 9 (number of conforming claims in the lot)
n-k = 4 - k (number of conforming claims selected in the sample)
N = 12 (total number of claims in the lot)
n = 4 (number of claims selected in the sample)
After plugging in these values into the formula, we get P(X ≤ 3) = 0.576.
Therefore, the probability of selecting 3 or fewer nonconforming claims when sampling 4 claims from the lot is 0.576.
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two benefits of good customer service
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The ISO 9000 standard has a number of requirements that must be addressed by the processes of a company in order to achieve certification. These are outlined on pp. 251-261 in our text. Pick one that strikes you as "different" than what is typically done in companies where you have worked that, if adopted, would improve the management of a company and the ability of the company to satisfy its customers. Discuss the issues that you have observed and how things would be different for the company if they adopted and complied with this quality management standard.
Answers
One requirement from the ISO 9000 standard that stands out as "different" and beneficial for companies is the emphasis on continual improvement. This requirement promotes a culture of ongoing evaluation, learning, and enhancement of processes within the organization.
In many companies, I have observed a lack of systematic focus on continual improvement. Often, the mindset is to maintain the status quo or address issues only when they become urgent. This approach can hinder progress and limit the company's ability to adapt to changing customer needs and market demands. By adopting and complying with the ISO 9000 standard's requirement for continual improvement, the management of a company would undergo a significant shift. It would create an environment where employees are encouraged to identify areas for improvement, suggest innovative solutions, and implement changes to enhance processes, products, and services. Adopting this standard would enable the company to proactively address potential problems, minimize waste, optimize resource allocation, and enhance customer satisfaction. Regular evaluation and feedback loops would facilitate identifying bottlenecks, inefficiencies, and areas of customer dissatisfaction, allowing for timely corrective actions. Furthermore, the company would cultivate a culture of learning, where mistakes are seen as opportunities for improvement rather than sources of blame. Employees would be empowered to contribute to the company's success by sharing their insights, participating in problem-solving, and implementing changes that lead to better outcomes. Overall, embracing the ISO 9000 standard's requirement for continual improvement would enable the company to foster a more agile, adaptive, and customer-centric approach to management. By constantly striving to enhance processes and meet customer expectations, the company would be better positioned to stay competitive in a dynamic business landscape and maintain long-term success.
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Individual A sells a rental building, its office equipment, furniture and fixtures, and its land to Individual B. Individual A realizes a gain on the sale of the building, equipment, furniture and fixtures, and land. Individual A rented the building to commercial tenants. What is the character of the gain realized?
Answers
Answer:
Recognized gain
Explanation:
The character of the gain is Recognized gain. A recognized gain is a gain/profit that is gotten from the sale of one's asset when the asset is sold above the price that was initially paid for the assets. Therefore individual A after selling the Rental buildings, office equipment, Furniture and Land to Individual B, still rents the Building to commercial tenants in other to realize the remaining gain, from the sale of the assets.
Mega Millions California lottery involves picking 5 numbers from 1 to 70. If you choose a 5- number combination, what's the probability that it will be the winner?
Answers
In Mega Millions California lottery, a player is required to pick 5 numbers from 1 to 70.
If you choose a 5-number combination, what is the probability that it will be the winner?The total number of ways that the winning numbers can be drawn is the product of the number of ways to choose 5 numbers out of 70 without regard to the order they were drawn. This is equal to:`C(70, 5) = (70!)/(5! * (70 - 5)!) = 12,103,014`Therefore, the probability of winning Mega Millions California lottery by choosing a 5-number combination is:1/12,103,014, or approximately `0.00000824`.
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A machine operator can program machine #1
Answers
Answer:
yes they can i believe you can achieve anything if you put your mind to it...
Explanation:
Who wants to buy me?⊇·⊆
Answers
Answer:
how much
Explanation:
lol jk
which method of determining a training need is referred to when managers notice work methods that differ from standard operating procedures?
Answers
Observational Needs Assessment. managers directly observe employees' work practices and identify any gaps or deviations from the established procedures.
Observational Needs Assessment is the method referred to when managers notice work methods that differ from standard operating procedures. In this approach, managers directly observe employees' work practices and identify any gaps or deviations from the established procedures. By observing the employees in action, managers can gain insights into the specific training needs that arise from deviations, non-compliance, or inefficiencies in the work methods. This method allows managers to assess the actual performance and compare it to the desired standard, enabling them to pinpoint areas where additional training or support may be required to align employees' work practices with the established procedures.
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Tyrell bought a house for $186,500. He has a 30 year mortgage with a fixed rate of 6. 5%. Tyrell’s monthly payments are $1,060. 93. How much was Tyrell’s down payment? a. $12,120 b. $18,650 c. $27,975 d. $37,300.
Answers
Based on the information given the down payment is:b. $18,650.
Down payment:First step is to calculate the loan:
Laon=Monthly payment[1-(1+r)^-n]/r
Loan=$1,060.93[1-(1+0.065/12)^-360]/(0.065/12)
Loan=$1,060.93×158.210819537
Loan= 167,850
Second step is to calculate the down payment:
Down payment = House price - Mortgage
Down payment =$186,500 -$167,850
Down payment =$18,650
Inconclusion the down payment is: b. $18,650.
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about how much did the workers at the fuzhou bead factory earn per month on average? group of answer choices $30 $100 $500 $60
Answers
The average monthly salary for workers at the Fuzhou Bead Factory varies depending on the specific role and qualifications of the employee.
Here correct answer is $60
Generally, new staff would earn around $30 per month, while higher-ranking and more experienced employees may receive as much as $500 per month. An estimated average salary for workers employed at the Fuzhou Bead Factory is around $60 per month.This wage is slightly higher than the minimum wage rate for Fujian province, which stands at approximately $48 per month — although the real wages of workers may also depend on the size of the factory and the number of workers employed therein.
This average salary is also generally higher than in other nearby developing countries, with many workers choosing to stay in the factory due to better wages and living benefits. Ultimately, while the wages of workers at the Fuzhou Bead Factory will depend on the individual job descriptions and overall qualifications of each employee, an average salary of $60 per month is a reasonable estimate for the average worker employed at the factory.
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Gaby is motivated to work hard in a capitalistic society, because: ________
Answers
Gaby is motivated to work hard in a capitalistic society, because she wants to do well for herself.
What is the name of a capitalist society?Since the end of feudalism, capitalism, also known as the market economy or the free enterprise economy, has dominated in the Western countries. Under capitalism, the majority of the mode of production are privately owned, and production is controlled and income is distributed primarily through the the functioning of markets.
The benefits of capitalismContrary to socialism, marxism, or authoritarianism, capitalism encourages individual initiative and a solid work ethic. By working hard or come up with an original concept, everyone can elevate their position in life. In many nations around the world today, that is still not the case and has hardly shown to be the case through human history.
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What accounts are affected. issued check $644 to pay for an advertisement
Answers
Answer:
Bank and Advertisement accounts
Explanation:
Journal entries
Advertisement A/c Dr $644
To Bank A/c $644
(Being advertisement expenses made by cheque)
Bank and Advertisement accounts are affected
Insurance can help with ???
Answers
Answer:
B. In an emergency
Explanation:
Insurance is purchased to protect things that you own
my new oc -w-.......................................................
Answers
Answer:
nice...
Explanation:
Liquidity is a characteristic of money.
What is the definition of liquidity?
A. how quickly the money is spent
B. the availability of money for conversion into
currency
C. how much interest the money earns per year
Answers
Answer:
B. the availability of money for conversion into currency
Explanation:
hope this helped :)
What factors make it difficult to determine the unemploy- ment rate? Why is it difficult to distinguish between frictional, structural, and cyclical unemployment? Why is unemploy- ment an economic problem? What are the consequences of a negative GDP gap? What are the noneconomic effects of unemployment?
Answers
Determining the unemployment rate can be challenging due to various factors. One key factor is the existence of hidden unemployment, which includes discouraged workers who have given up searching for employment. Additionally, the presence of underemployed individuals, such as part-time workers seeking full-time jobs, adds complexity to the calculation. Seasonal employment fluctuations and the informal economy further contribute to the difficulty in accurately measuring unemployment rates.
Distinguishing between frictional, structural, and cyclical unemployment poses challenges due to overlapping characteristics. Frictional unemployment occurs when people are in transition between jobs, while structural unemployment results from a mismatch between available jobs and workers' skills. Cyclical unemployment, on the other hand, is caused by economic downturns. However, these categories can intersect, making it challenging to attribute specific individuals to a single type of unemployment accurately.
Unemployment is an economic problem because it hampers economic growth and efficiency. When individuals are jobless, they experience reduced income and purchasing power, leading to decreased consumer spending. This, in turn, can impact businesses, resulting in reduced production and investment. Moreover, unemployment places a burden on government resources through increased spending on unemployment benefits and social welfare programs. It also leads to potential social issues, such as poverty, inequality, and decreased overall societal well-being.
A negative GDP gap refers to a situation where actual GDP falls below potential GDP, indicating an economic downturn. This gap suggests that the economy is underperforming and not operating at its full potential. Consequences of a negative GDP gap include decreased business profits, lower tax revenues for governments, reduced job opportunities, and potential recessionary pressures. It can also lead to a decline in consumer confidence and investment, further perpetuating the economic downturn.
In addition to its economic implications, unemployment has non-economic effects on individuals and society. Joblessness often leads to increased stress, mental health issues, and a decline in overall well-being. Unemployment can strain personal relationships, lead to social isolation, and negatively impact self-esteem. Moreover, the lack of productive employment opportunities can result in social unrest, increased crime rates, and heightened social inequality. The non-economic effects of unemployment highlight the broader societal impact and the importance of addressing unemployment as a multifaceted problem.
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Need help with this one.
Anton's gross monthly pay is $1,058.00. If his employer withholds 11% for the monthly federal income tax, how much will be deducted from his paycheck?
Group of answer choices
$941.62
$11.00
$116.38
$11.64
Answers
Anton's gross monthly pay is $1,058.00. If his employer withholds 11% for the monthly federal income tax, $116.38 will be deducted from his paycheck.
Define tax?A tax is a mandatory payment or charge levied on individuals or businesses by local, state, and national governments to cover the costs of general government services, goods, and activities.It is derived from the Latin taxare, which means 'to assess'. Previously, English used the related word 'task,' which was derived from Old French.For a time, the terms 'task' and 'tax' were interchangeable, with the first requiring labor and the latter requiring money.The term 'tax' then came to mean something tedious or difficult.Governments levy fees on citizens and businesses to generate revenue, which is then used to meet budgetary demands.This includes financing government and public projects as well as improving the country's business environment to promote economic growth.To learn more about tax refer to:
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In which of the following situations would it be MOST beneficial to hire a financial adviser?
A. I’m a senior in college, am about to graduate, and need to create a plan for paying off my student loans.
B. I have a car loan, a large student loan, and a backlog of unpaid medical bills that I’m struggling to keep up with.
C. I’m having a hard time tracking my expenses and income, and want to establish a solid monthly budget to better manage my money.
D. I have a $1,250 credit card bill with a 22% interest rate that I’m trying to pay off.
Answers
a financial adviser is there to guide you, not to help you pay off bills
form a correct sentence by unscrambling the following sentence en el espanol hay vocales cinco
Answers
Answer:
its option c
Explanation:
just found it the other guy is also correct
How do I record on windows computer
Answers
Explanation:
Navigate to the screen you wish to record and press Win+G to open Game Bar. Several Game Bar widgets appear on the screen with controls for capturing screenshots, recording video and audio, and broadcasting your screen activity. Click the Start Recording button to capture your screen activity.
Answer:
you'd need to download software for recording. as far as i know windows doesnt have built in recording capabilities. are you looking at screen recording or just sound?
Explanation:
what are predictive analytics? group of answer choices techniques that extract information from data and use it to predict future trends and identify behavioral patterns. techniques that create models indicating the best decision to make or course of action to take. the scientific process of transforming data into insight for making better decisions. techniques that describe past performance and history.
Answers
Predictive analytics are techniques that extract information from data and use it to predict future trends and identify behavioral patterns. The Option A is correct.
What are predictive analytics?This refers to branch of advanced analytics that makes predictions about future outcomes using historical data combined with statistical modeling, data mining techniques and machine learning. Firm employs predictive analytics to find patterns in this data to identify risks and opportunities.
Its involves use of statistics and modeling techniques to make predictions about future outcomes and performance. Its looks at current and historical data patterns to determine if those patterns are likely to emerge again.
With use of the analytics, its allows businesses and investors to adjust where they use their resources to take advantage of possible future events. In conclusion, the analysis can also be used to improve operational efficiencies and reduce risk.
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What is likely the most useful project management tool in an innovation lab or fast-paced engineering environment?
Answers
The project management tool in an innovation lab or fast- paced engineering environment is agile project management.
Given that management tool is used in fast-paced engineering environment.
We are required to find the appropriate management tool which is likely to be used in an innovation lab or fast-paced engineering environment.
Management tools are basically all the systems, applications, controls, calculating solutions, methodologies, etc. which are used by management in this changing market situations.
Agile project management is basically an iterative approach to managing software development projects that focuses on continuous releases and incorporating customer feedback with every iteration.
Hence the project management tool in an innovation lab or fast- paced engineering environment is agile project management.
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southerners complained that their economy was crippled by the __________.
Answers
Answer:
tariff of 1828
Explanation:
Frank owns a gas station on the edge of town. As the town grows, more homes are built and the area where his gas station is gets re-zoned as residential. What specific exception would allow Frank to continue operating the gas station
Answers
Answer: to resize the gas stayion
to
Explanation: sorry a don't now.
Do you believe that John and Sharon would be better off trading jobs with each other?
Answers
Sofia bought a couch that required a $60 down payment and $60 per month for the next eight months. Which type of liability does this describe?.
Answers
Assuming Sofia bought a couch that required a $60 down payment. This liability describes d) a current liability.
What is a current liability?
Current liability can be defined as the amount owed or debt a person is expected to pay back within a stipulated period.
A company's short-term financial commitments that are due in a year or within a typical operational cycle are known as current liabilities. An organization's operational cycle, also known as the cash conversion cycle, is the period of time it takes to buy inventory and turn that inventory into cash through sales. The sums owing to suppliers in the form of accounts payable are an illustration of a current liability. A company's short-term financial commitments that are due in a year or within a typical operational cycle are known as current liabilities. An organization's operational cycle, also known as the cash conversion cycle, is the period of time it takes to buy inventory and turn that inventory into cash through sales.
Since Sonia is expected to pay $60 per month for eight months which means that Sonia has a debt to deliver within a year.
Therefore this liability describes d) a current liability.
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assume that each small sandwich uses 4 inches of bread and 3 ounces of meat, and that each large sandwich uses 12 inches of bread and 7 ounces of meat. assume also that the deli has on hand each day 105 feet of bread and 35 pounds of meat. assume also that the profit on each small sandwich is $0.90 and the profit on each large sandwich is $1.50. how many sandwiches of each size should the deli make in order maximize its profit?
Answers
We can maximize income by means of increasing the fee or decreasing the manufacturing price of the goods. Firms regulate influential factors like promoting price, production cost, and output degrees to realise their profit goals.
What are 3 methods to expand profit?There are 3 principal approaches to enhance the profitability of your company: Sell more, fee higher and minimize costs. But income can additionally be multiplied via greater price efficiency.
In economics, earnings maximization is the short run or lengthy run method by way of which a firm may additionally determine the price, enter and output ranges that will lead to the easiest possible complete profit (or simply earnings in short).
Profit maximisation is an method that can allow efficient and sustained enterprise growth.
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