Which of the following businesses is most likely to use a job order costing system?
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Part 1
A.
a doctor's office
B.
an oil refinery
C.
a soda manufacturer
D.
a manufacturer of cell phones
Answers
D. A manufacturer of cell phones is most likely to use a job order costing system. Job order costing system is a process in which businesses incur costs on specific orders or jobs, such as construction, custom furniture, or electronics.
Job order costing system is a process in which businesses incur costs on specific orders or jobs, such as construction, custom furniture, or electronics. As a result, businesses can attribute the costs of materials, labor, and overhead to each order or job, resulting in a more precise cost per unit. One of the companies that are most likely to use a job order costing system is a manufacturer of cell phones. More than 100 words.As I mentioned earlier, Job order costing system is used to allocate costs to specific orders or jobs, such as custom-made goods like furniture or buildings. Manufacturing companies that create complex and customized products, such as cell phone manufacturers, would find this method the most accurate for accounting purposes.A job order costing system is appropriate for cell phone manufacturers because each order or batch of phones is unique. Because cell phones have different models, specifications, and customization options, a job order costing system can help the company better allocate the costs of each job.For example, when producing cell phones, the manufacturer must determine the cost of materials, labor, and overhead for each job. The job order costing system enables the manufacturer to assign the direct costs of materials and labor to each order. Meanwhile, indirect costs such as depreciation of equipment or rent are assigned based on a predetermined allocation rate, such as per hour or per unit.Therefore, the correct answer is D. A manufacturer of cell phones is most likely to use a job order costing system.
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Related Questions
The snowboard industry has the following labour supply is ES = 150 + 10w and labour demand is ED = 350 – 10w, where E is the level of employment in 1,000s of workers and w is the hourly wage.
If the labour market is competitive, then what is the equilibrium wage and employment? What is the unemployment rate?
Let's pretend the government asks you to examine the impact of implementing a minimum hourly wage of $12. What would happen to the employment level? How many additional workers would want a job at the minimum wage? What is the unemployment rate?
Answers
The equilibrium wage in the competitive labor market is $16 per hour, with an employment level of 200 workers. The unemployment rate is 25%.
In a competitive labor market, the equilibrium wage and employment level are determined by the intersection of labor supply and labor demand. To find the equilibrium, we set the labor supply equation (ES) equal to the labor demand equation (ED) and solve for w.
150 + 10w = 350 - 10w
20w = 200
w = 10
Substituting this value back into either the labor supply or labor demand equation, we can find the equilibrium employment level:
ES = 150 + 10w
ES = 150 + 10(10)
ES = 150 + 100
ES = 250
Therefore, the equilibrium employment level is 250 workers.
To calculate the unemployment rate, we subtract the equilibrium employment level from the labor supply level and divide it by the labor supply level:
Unemployment rate = (Labor supply - Employment level) / Labor supply
Unemployment rate = (150 + 10w - ES) / (150 + 10w)
Unemployment rate = (150 + 10(10) - 250) / (150 + 10(10))
Unemployment rate = (150 + 100 - 250) / (150 + 100)
Unemployment rate = 0.25
So, the unemployment rate in this case is 25%.
If a minimum hourly wage of $12 is implemented, it would increase the wage floor. As a result, the new equilibrium wage would be $12 per hour. To find the impact on employment, we set the labor demand equation (ED) equal to the minimum wage:
ED = 350 - 10w
ED = 350 - 10(12)
ED = 350 - 120
ED = 230
Therefore, the employment level would decrease to 230 workers.
To determine the number of additional workers who would want a job at the minimum wage, we subtract the new employment level from the original employment level:
Additional workers = Employment level (without minimum wage) - Employment level (with minimum wage)
Additional workers = 250 - 230
Additional workers = 20
Thus, 20 additional workers would want a job at the minimum wage.
The new unemployment rate can be calculated using the same formula as before:
Unemployment rate = (Labor supply - Employment level) / Labor supply
Unemployment rate = (150 + 10w - ED) / (150 + 10w)
Unemployment rate = (150 + 10(12) - 230) / (150 + 10(12))
Unemployment rate = 0.2
Therefore, the unemployment rate with the minimum wage implemented would be 20%.
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Select all of the benefits to buying a home.
Answers
Answer:
The value of the home generally increases over time
The quality of your home increases
Once the mortgage is paid in full you own the home
You can make improvements in the place
Scientific management focused on productivity and reducing costs by developing efficiency. Its critics took issue with scientific management’s emphasis on:_____.
Answers
Scientific management's critics took issue with its emphasis on:
Worker Alienation: Critics argued that scientific management treated workers as mere cogs in a machine, reducing them to replaceable and expendable parts. They believed that the focus on efficiency and productivity neglected the human aspect of work, leading to worker dissatisfaction and alienation.Taylorism and Task Specialization: Scientific management often involved breaking down work tasks into smaller, specialized components to maximize efficiency. Critics argued that this led to monotonous and repetitive work, limiting workers' autonomy and skill development.Lack of Worker Input: Critics raised concerns about the top-down nature of scientific management, where decisions about work processes and methods were made by management without sufficient input or involvement from workers. This lack of worker participation and empowerment was seen as devaluing their knowledge and expertise.#SPJ11
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percentage of employees with career plan"" is an example of the development hr metric. T/F
Answers
True .The principles of total quality management (TQM) involve a systematic approach to quality improvement that involves all employees of an organization in a continuous process of improvement.
The key principles of TQM include customer focus, continuous improvement, employee involvement, process orientation, and data-driven decision-making.
Customer focus is an essential principle of TQM, as the aim is to meet or exceed customer expectations and create customer satisfaction. Continuous improvement involves a never-ending cycle of evaluating and improving processes to achieve better quality outcomes. Employee involvement is also important, as TQM recognizes that employees are the experts in their respective roles and are often in the best position to identify areas for improvement.
Process orientation involves a focus on understanding and improving the processes that are used to produce goods or services. Finally, data-driven decision-making involves the use of data and analysis to inform decisions and ensure that quality improvement efforts are effective.
By following these principles, organizations can improve their quality and efficiency, increase customer satisfaction, and achieve long-term success. TQM is not a one-time event, but rather an ongoing process of improvement that requires commitment and dedication from all employees.
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Product/service management is a marketing function that involves obtaining, developing, maintaining, and improving a product or service mix in response to.
Answers
Product/service management is a marketing function that involves obtaining, developing, maintaining, and improving a product or service mix in response to market opportunities.
A company's offers are shaped through the process of product service management, also known as product/service management, in response to customer demand brought on by changes in the marketplace. A product service manager (PSM) foresees consumer needs and then directs the creation of products to address them.
Discovering new product opportunities, maintaining current products, and getting rid of items that have turned into liabilities are all part of product service management. advantages
The following are some advantages of product service management:
Provides customers with things they desire to buy, hence improving a business's earnings.With novel and cutting-edge items, it can increase the number of customersWhen products are properly managed, there is less risk of failure and more potential for success.The market opportunity is unrealized market potential that enables companies to take advantage of untapped markets.
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Which of the following statements concerning service guarantees is FALSE? A service guarantee is a mechanism to build customer loyalty. A service guarantee is a way to avoid compensating customers for a service failure. A service guarantee is a tool to clarify exactly what the service must provide. A service guarantee is a way to define a service and ensure satisfactory delivery to the customer.
Answers
Answer:
A service guarantee is a way to avoid compensating customers for a service failure.
Explanation:
g in a limited partnership which of the following have no part in the management of the business? select one: a. limited partners b. special partners c. general partners, limited partners, and special partners d. general partners
Answers
In a limited partnership, the option that have no part in the management of the business is limited partners. The Option A is correct.
What is a limited partnership?A limited partnership means a business entity that have at least one general partner (who has unlimited personal liability) and one limited partner (whose liability is limited to their investment in the company).
In this case, the general partners are mainly responsible for managing the business and making business decisions to achieve the stated business goals while the limited partners also sometimes called silent partners, are responsible only for investing in the business, not running it.
Therefore, the limited partnership only exists when two or more partners go into business together but the limited partners are only liable up to the amount of their investment.
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What Is NOT one of the three primary resources that farnilies have to reach financlal goals?
A.Education
B.Energy
C.Time
D.Money
Answers
Answer:
I think it would be education
Explanation:
Answer: A. Education
Explanation:
How does “principal” relate to an auto/college loan?
Answers
The relation of “principal” to an auto/college loan is given below:
What is principal?
The term "principal" refers to the amount of money borrowed in a loan, not including interest. In an auto loan or college loan, the principal is the initial amount of money that the borrower receives from the lender.
For example, if you take out a $20,000 auto loan to purchase a car, the principal of the loan would be $20,000. This is the amount of money that you receive from the lender to purchase the car.
Interest is a fee that the lender charges the borrower for the use of the money. The interest is typically expressed as a percentage of the principal and is paid over the term of the loan.
For example, if the interest rate on the $20,000 auto loan is 5% per year and the loan term is 5 years, the total interest paid over the course of the loan would be $2,500 (5% of $20,000 per year for 5 years). This means that the total cost of the loan, including both the principal and the interest, would be $22,500 ($20,000 principal + $2,500 interest).
Hence, the principal of a loan is the initial amount of money borrowed, while interest is a fee charged by the lender for the use of the money.
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ray kroc’s development of mcdonald’s would be a good illustration of which form of innovation?
Answers
Ray Kroc's development of McDonald's would be a good illustration of process innovation.
Kroc's innovative approach was to standardize and streamline the fast-food restaurant business model, introducing efficient procedures and systems to increase speed and productivity. He transformed the traditional sit-down restaurant model into a fast-food model, which revolutionized the industry.
Kroc introduced the concept of assembly-line production, where each worker had a specific task to complete, reducing the time it took to serve customers. He also implemented innovative marketing strategies, such as sponsoring local sports teams and offering discounted meals to attract more customers. Kroc's process innovation led to a significant increase in sales and profits, which allowed him to expand McDonald's rapidly.
His innovative approach also set the standard for future fast-food chains, making McDonald's one of the most successful franchises in history.
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In a deductive argument, when it is possible that the conclusion does not necessarily follow from the premises, the argument is invalid.
True or False
Answers
True. In a deductive argument, if it is possible for the conclusion to not necessarily follow from the premises, then the argument is considered invalid.
A deductive argument aims to provide a logically conclusive relationship between the premises and the conclusion, where if the premises are true, the conclusion must be true as well. This is known as the principle of deductive validity. If there is any scenario or circumstance in which the premises can be true, but the conclusion can still be false, then the argument fails to establish a sound logical connection, and it is considered invalid.
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Enumerate atleast 5 Food Processing tools and their uses
Answers
Precision controls.
Pressure gauges.
Scales and weighing systems.
Thermometers.
Timers.
Explanation:
In a statement of retained earnings, decreases in retained earnings result from ________.
a. revenues earned
b. net income
c. issuance of stock
d. net losses
Answers
Answer: b
Explanation:
Retained earnings are affected by any increases or decreases in net income and dividends paid to shareholders. As a result, any items that drive net income higher or push it lower will ultimately affect retained earnings.
How important is body language? Explain your opinion.
Answers
Answer:
Our body language helps others identify our emotions, status and even our lifestyle. Non-verbal communication plays a significant role in conjunction with the spoken words. ... Any sign of conflict between the body language and our words can make us appear untrustworthy and deceptive.
Limited partners bear lower risk than general partners because: (A).Limited partners receive more of the business' profit than general partners (B).Limited partners are not required to pay taxes on their personal income (C).Limited partners do not contribute capital to the business (D).Limited partners are liable for up to only the amount they invested in the business
Answers
Limited partners bear lower risk than general partners because they are liable for up to only the amount they invested in the business.
This means that if the business incurs losses or faces legal liabilities, limited partners will only lose the amount they invested in the business and are not responsible for any additional debts or obligations. In contrast, general partners are personally liable for all the business's debts and obligations, which puts them at a higher risk. Limited partners do not receive more of the business's profit than general partners, nor are they exempt from paying taxes on their personal income. However, limited partners are not required to contribute capital to the business, which is a benefit that allows them to invest in a business without the same level of financial commitment as general partners.
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What two cultural factors influenced the variety of Chinese lays potato chip flavors
Answers
The two cultural factors that influenced the variety of Chinese lays potato chip flavors are Regional tastes and preferences and Chinese cuisine and ingredients.
What are tastes and preferences ?Tastes and preferences refer to an individual or group's personal likes and dislikes when it comes to food, drink, or other things.
In the context of food, tastes and preferences are influenced by factors such as culture, upbringing, personal experiences, and health considerations.
The Regional tastes and preferences and Chinese cuisine and ingredients are the cultural factors that influenced the variety of Chinese lays potato chip flavors.
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A non-discriminating monopolist will find that marginal revenue:
A. Exceeds average revenue or price
B. Is identical to price
C. Is sometimes greater and sometimes less than price
D. Is less than average revenue or price
Answers
Answer:
is less than average revenue or price
consideran que las costumbres y tradiciones deben mantenerse ala nueva generación
Answers
Answer:
Efectivamente, considero que las costumbres y tradiciones deben mantenerse en las nuevas generaciones, pues forman parte de la idiosincrasia y la identidad de un pueblo, sociedad o nación. De esta manera, a través del mantenimiento de estas costumbres y tradiciones, las nuevas generaciones seguirán sintiendo una especial pertenencia a su patria, y mantendrán un vínculo que los ligará con esta y con sus compatriotas, puesto que las costumbres y tradiciones son parte esencial de la identidad de una nación.
The media is vital to public relations personnel because
A. they also provide spin and press releases just like the public relations department.
B. they provide an outlet for the public relations department to release their statements. CORRECT ANSWER
C. they must help an athlete or organization with damage control.
D. they would rather create controversy and gain more viewers than perform damage control.
Answers
The media is vital to public relations personnel because they provide an outlet for the public relations department to release their statements. Hence, option B is correct.
What is a public relations department?The public relations division of a company monitors and assesses public impressions and promotes goodwill and mutual understanding with the public. It improves communication channels and offers novel ideas for creating a two-way flow of information and understanding.
Public relations is "a strategic communication process that builds ties between organizations and their publics that are mutually profitable," according to the Public Relations Society of America. In essence, public relations specialists take care of a business's reputation and public perception.
Thus, option B is correct.
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Customers must register before being allowed to order wine over the Internet so that legal age can be established. You know that the module to verify registration must be written and tested using data from Grapevine's existing database. This new module cannot be tested until the data from the existing system is loaded. You are going to hire a vendor to perform the programming and testing tasks for this module to help speed up the project schedule. Since they'll have access to your customer list and potentially other trade secrets, you'll asked them to sign a nondisclosure agreement. This is an example of which of the following?
A. Procurement documents
B. Standard form
C. Organizational process asset
D. Fixed cost contract
Answers
Answer:
D. Fixed cost contract
Explanation:
It is not necessary, when rejecting a job candidate, to worry about how the rejection is worded, as it will have minimal, if any, impact on the organization. True False
Answers
He is sincere change into Negative plssss
Answers
He is not sincere.
This is the negative form of the sentence.
Which of the following would be more typically the responsibility of a controller rather than a treasurer?A) Overseeing accounting and tax functionsB) Capital budgetingC) Managing creditD) Making investment decisions
Answers
overseeing accounting and tax functions would be more typically the responsibility of a controller rather than a treasurer.
Who is considered as treasurer?An organization's treasurer is in charge of managing its finances. Cash and liquidity management, risk management, and corporate finance are among a corporate treasurer's important primary responsibilities. The major responsibilities of a treasurer include supervising the organization's financial management, reviewing policies and financial reporting, advising the board on financial strategy, and providing fundraising advice. A treasurer, often known as a financial controller, is responsible for supervising all financial activities and fundraising attempts made by an organizing committee. Their main responsibilities include managing incoming and outgoing funds, maintaining records, and establishing the budget.A controller, not a treasurer, would normally be in charge of supervising accounting and tax functions.To learn more about treasurer refer to:
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Question 1 of 3
The bank limits deposits to $200 per day. Ash has $300
to deposit. What should she do?
Select a response.
A Make multiple deposits over a few days
B Not agree to the Terms and Conditions
Answers
According to the information provided, Ash should make several deposits spread out over a few days. Thus option A is correct.
Ash can divide the deposit into two separate transactions because the bank only allows deposits of $200 per day and she has $300 to deposit. She is permitted to deposit $200 on the first day and the final $100 on the second day.
She will be able to successfully complete her deposit and stay inside the bank's deposit cap with this method. The correct response is, "Make several deposits over a few days."
Therefore, option A is appropriate.
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in the context of bonds, accrued interest: group of answer choices a) is discounted along with other cash flows to arrive at the dirty, or full price. b) covers the part of the next coupon payment not earned by seller. c) equals interest earned from the previous coupon to the sale date.
Answers
Option C. equals interest earned from the previous coupon at the same rate is the correct answer.
Accrued interest is the total amount of interest that has been generated but has not yet been paid on an obligation, such as a bond. Option C's definition of accumulated interest on bonds is accurate. The alternative options are false. Not just bonds with payment intervals over a year, but all bonds with periodic coupon payments may accrue interest. When determining the bond's price, accrued interest is not deducted. Option b. It should read "not earned by the buyer" instead of "covers the part of the next coupon payment not earned by the seller."
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Lisa consumes only pizzas and burritos. In equilibrium, her marginal utility of pizza is 20 and her marginal utility of a burrito is 10. The price of a pizza is $4. What is the price of a burrito?
Answers
Based on Lisa's marginal utility values and the fact that she is in equilibrium, we can use the principle of diminishing marginal utility to determine the price of a burrito. The principle states that as we consume more of a good, the additional satisfaction we get from each unit decreases.
Since Lisa's marginal utility of pizza is twice as high as her marginal utility of a burrito, we can assume that she consumes two burritos for every pizza. Therefore, the total utility Lisa receives from one pizza and two burritos is 40 (20 from pizza + 2*10 from burritos).
If we assume the price of a burrito is x, then the total cost of one pizza and two burritos is 4 + 2x. In equilibrium, Lisa will continue to consume pizzas and burritos until the marginal utility per dollar spent is the same for both goods.
Thus, we can set up the equation 20/4 = 10/x, and solve for x, which gives us a price of $2 for a burrito. Therefore, Lisa is willing to pay $4 for a pizza and $2 for a burrito to achieve equilibrium and maximize her total utility.
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RJ has two loans. Loan H has a nominal rate of 5. 68%, compounded daily. Loan I has a nominal rate of 6. 33%, compounded monthly. Which loan's effective rate had the greater increase, relative to its nominal rate, and how much greater is its increase than that of the other loan? a. Loan I’s increase was 0. 03 percentage points greater than Loan H’s. B. Loan I’s increase was 0. 68 percentage points greater than Loan H’s. C. Loan H’s increase was 0. 16 percentage points greater than Loan I’s. D. Loan H’s increase was 0. 49 percentage points greater than Loan I’s. Please select the best answer from the choices provided A B C D.
Answers
The loan with the greater increase in effective rate is the loan (I). It is greater by 0.19%.
What is the effective rate?The effective rate is also called the actual rate paid on a loan. It takes into account the effect of compounding.
Formula:
\(\text{i}=(1+\dfrac{r}{m})^m-1\)
Where, r = Nominal Rate,
m= number of compounding.
Computation of Effective interest rate:
The effective rate of interest of loan (H) is:
\(\text{i}=(1+\dfrac{r}{m})^m-1\\\\\text{i}=(1+0.0568365)^3^6^5-1\\\\\text{i}=0.058439\\\\I=0.058439\times{100}\\I=5.8439\%\)
The effective rate of interest of loan (I) is:
\(\text{i}=(1+\dfrac{r}{m})^m-1\\\\\text{i}=(1+0.063312)^1^2-1\\\\\text{i}=0.065169\\\\I=0.065169\times{100}\\I=6.5169%\)
The differences between the effective rate and the nominal rates of the loans:
Loan H = 5.84%—5.68% = 0.16%
Loan I = 6.52%—6.33% = 0.19%
Therefore, the difference of interest of loan (I) is more than the loan (H) by 0.19%.
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An earned education certificate track
after an individual has successfully
completed the necessary course
requirements for a particular field at a
community college
Answers
How did the 1973 oil crisis affect the United States?
O A. Oit prices suffered from deflation as a result of an embargo.
O B. Trade remained stagnant even as economic growth continued.
OC. Trade increased as a result of wars in the Middle East.
OD. Oil suffered from high levels of inflation.
Answers
Oil suffering from high levels of inflation is how the oil crisis of 1973 affected the United states.
What was Oil crisis?This took place around 1973 in which petroleum exports to the targeted nations were banned and cuts in oil production were introduced.
The low level of oil being available led to high levels of inflation which was why option D was chosen as the most appropriate choice.
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Answer: D. Oil suffered from high levels of inflation.
Explanation: Just took the test.
Too little of a good or service is produced when there is a?
Answers
The term "scarcity" is used to describe the situation in which there are limited resources available to produce goods and services, which results in too little of a good or service being produced.
Scarcity is the foundation of economics, as it necessitates making choices about how to allocate resources to meet the demands of society. Scarcity occurs when there are limited resources to produce a certain good or service, or when resources are insufficient to satisfy the demands of society. Scarcity is caused by several factors, including a lack of natural resources, population growth, and technological advancement.
As a result, the production of goods and services is limited, and societies must choose how to allocate their limited resources. Scarcity affects the production of goods and services because it necessitates the allocation of limited resources. Since there are limited resources available to produce goods and services, producers must decide how to allocate these resources effectively.
As a result, goods and services that are in high demand may be prioritized over those that are not in high demand. Furthermore, scarcity causes prices to increase as the demand for goods and services rises while the supply of resources remains limited. This, in turn, impacts the purchasing power of consumers, which may influence their decisions regarding what goods and services to purchase.
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