The cost object in a job order system is the Specific Job and the cost object in a process costing system is the Process.
What Is Process Costing?
With process costing, companies determine item cost by tracking the cost of each stage in the production process, instead of tracking costs for each individual item. After adding up the cost of all the steps in the process, they divide the total cost by the number of items. This is called the cost per unit.
For example, a paper company might track the cost of each stage in the process of turning wood pulp into reams of paper, then divide the total cost by the number of reams to get the cost per ream.
What is Job Order Costing?Job order costing accumulates all costs associated with one specific job, order, or project. It is most often used for customized jobs with easily traceable costs. The job, order, or project is the cost object in job order costing. Direct materials and direct labor are traced to the individual job and manufacturing overhead is allocated to the job based on a given cost driver activity used for the job multiplied by an overhead rate. The overhead rate is found at the beginning of the period using estimated overhead costs and estimated total cost driver activity.
For example, a company manufactures custom prefabricated stairs for builders. Since each house is slightly different, each house gets measured, and each staircase has slightly different widths, rises, and runs to fit the unique home.
Hence, Job order costing is a costing system in which each product or job has traceable costs. Process costing is a costing system in which a product is mass produced, so costs are determined by equivalent units produced.
Therefore , we can conclude that the correct option is specific job, process.
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What world-famous open-air market is known for colorful textiles? tianguis cultural del chopo el rastro otavalo
Otavalo is world-famous open-air market is known for colorful textiles.
Otavalo is a town in the north-central Ecuador in the highlands of the Andes Mountains at an elevation of 8,441 feet . The area was densely settled by the Otavalo Indians before to its conquest by the Incas and also became a Spanish-controlled settlement in the 16th century.
Otavalo was largely destroyed in the 1868 earthquake but the town has since been rebuilt. The surrounding land which was owned in small parcels by the Otavalo Indians. It produces cereals, potatoes, fruit, and livestock.
The weekly Indian markets as well as the animal markets are famous tourist attractions. The Indian trade market is known mainly for its cotton and woolen textiles as well as leather goods, and native jewelry.
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If a manager warned an employee not to be late for work again or they would be released, the manager was using:
If a manager warned an employee not to be late for work again or they would be released, the manager was using avoidance learning.
Behaviorists refer to the process of an organism's learning response in order to avoid being exposed to an unpleasant stimulus as "avoidance learning." The absence of the unpleasant stimulus leads to the reinforcement (desired, rewarding outcome) (or punishment).
A natural adaptive behavior that is carried out in reaction to danger is avoidance.
Since excessive avoidance has been linked to anxiety problems, psychologists and neuroscientists have used rat or mouse models to research how avoidance behaviors are learned.
Operant conditioning includes the concept of avoidance learning (also known as instrumental conditioning).
Hence, If a manager warned an employee not to be late for work again or they would be released, the manager was using avoidance learning.
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The process of generating and choosing from a set of alternatives to solve a problem is called __________ Group of answer choices
The answer is decision-making.
Determining a decision, acquiring data, and weighing potential solutions are all steps in the decision-making process.
You can make more careful, intelligent decisions by organizing pertinent information and outlining alternatives by following a step-by-step decision-making process.
This strategy raises the likelihood that you'll select the one that will satisfy you the most.
Decision-making steps include:-
Look into the situation in depth.Establish a positive atmosphere.Create quality alternatives.Investigate your choices.Choose the ideal answer.Review your strategy.Inform others of your choice and follow through.Hence, The process of generating and choosing from a set of alternatives to solve a problem is called decision-making.
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____ refer to the variety of systems in place to record the details of a company's financial transactions (such as payments and purchases).
Accounting systems refer to the variety of systems in place to record the details of a company's financial transactions (such as payments and purchases).
financial normally refers to money topics or transactions of any length or importance. The main purpose of finance are financial planning, decision and control, resource allocation, etc
Cash, stocks, bonds, mutual funds, and bank deposits are examples of financial assets. The three main types of finance are:
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The Spanish class system placed people in the top class primarily based upon how much American blood a person had. how much Spanish blood a person had. where a person worked. whom a person marr
The Spanish class system placed people in the top class primarily based upon how much Spanish blood a person had.
What is blood system hierarchy?The system was organized as a racial hierarchy according to the amount of Spanish blood each person had .The less Spanish blood they had, the lower they were placed in the system. The caste system was more than a simple class system, it was a social and racial classification.As if that were inhumane enough, each caste had strict rules that governed their wealth, their careers, their dress, and even the friendships they could have. The caste system is a clear example of systemic racism and exclusion of people of color.The peninsula was Spaniards of pure Spanish descent. They were also the most powerful group in the caste system. After them came the Criollos, born in Nueva Spain to Spanish descent.They were considered second-class and held positions of little power within government, such as local councils. In third place was a Mestizo, a Spaniard and his native American descendant.Then came the mulattoes of African and Spanish descent. Life for the mulatto was much more difficult. Second, pure Native Americans were the last people in the system. At the end of the caste system were the Africans and the slave people. As we know they lived an inferior life.Learn more about Spanish class system https://brainly.com/question/5215808
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Managerial decision makers must often consider non-economic factors as well. For example, when considering whether to outsource to another country, in addition to considering the cost of that decision, managerial accountants with an emphasis on sustainability should consider the human capital impact as well. This represents sustainability within a:
This stands for sustainability when faced with a keep or drop decision.
A tactical business choice regarding whether to keep running a product, department, or specific company unit is called "keep or drop."
How do we decide whether to keep or drop a particular segment?The first step in selecting whether to preserve or eliminate a portion of the business is to construct a segmented income statement. Make a product line income statement, for instance, if a product is not lucrative. Make an income statement for any locations that are not producing a profit.Which factor should be considered while selecting whether to keep or drop a product line?The entire costs, not only the per-unit prices, should be taken into consideration when considering whether or not to discontinue a product. Review the fixed expenses for production, sales, shipping and storage, customer service, and any other expenditures you can associate with the product.learn more about keep or drop decision here
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A company that has been subject to Securities Exchange Act of 1934 reporting requirements for five years and has an aggregate worldwide market cap of $300 million is considered a(n)
accelerated filer, A company reporting requirements for five years and has an aggregate worldwide market cap of $300 million is an accelerated filer.
More about accelerated filer?
A publicly traded company that, as of the end of its fiscal year, satisfies each of the following requirements:
As of the final business day of the company's most recent completed second fiscal quarter, the total worldwide market value of the voting and non-voting common equity held by its non-affiliates (or public float) was $75 million or more but less than $700 million.For at least 12 months, the company has been required to report in accordance with Sections 13(a) or 15(d) of the Exchange Act.The business has previously submitted at least one annual report in accordance with Exchange Act Sections 13(a) or 15(d).The company does not meet the revenue requirements (which include those listed below), so it is not eligible for smaller reporting company status.Learn more about accelerated filer here: https://brainly.com/question/14855960
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Suppose the Fed sells $ 400 billion in government securities and the reserve ratio is 0.5 . Calculate the resulting change in the money supply. Be certain to include a negative sign. change in the money supply:
The change in money supply is $-800 billion.
What is the change in money supply?The Fed is the Central Bank of the United States. One of the duties of the Fed is to conduct monetary policies. Monetary polices are used to affect the level of money supply in the economy.
One of the monetary policy tools is open market operation. When the Fed sells government securities, it is known as an open market sells. Open market sells reduces money supply in the economy.
Reserve ratio is the percentage of deposits that is required of commercial banks to keep as reserves. The reserve ratio is also used to control the amount of money supply in the economy.
Change in money supply = value of government securities sold / reserve ratio
$400 billion / 0.5 = 800 billion
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A mutual fund had year-end assets of $560,000,000 and liabilities of $26,000,000. There were 23,850,000 shares in the fund at year end. What was the mutual fund's Net Asset Value
The mutual fund's Net Asset Value was $223.90
What Is Mutual Fund NAV?The market value per share of a mutual fund is represented by its net asset value (NAV). It is the price at which investors purchase fund shares from a fund company (bid price) and sell them to a fund company (redemption price).
The total worth of all the cash and securities in a fund's portfolio, less any liabilities, is divided by the number of outstanding shares to arrive at the fund's NAV.
The mutual fund's Net Asset Value is given as:
= ($560,000,000-$26,000,000)/23,850,000
=$534,000,000/23,850,000
= $223.8993710691823
Rounding off to 2-decimal places we get:
=$223.90
Hence, the mutual fund's Net Asset Value was $223.90
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The method of cost estimating that falls between the other two cost estimating methods in complexity is the __________ method.
The method of cost estimating that falls between the other two cost estimating methods in complexity is the unit-in-place method.
What is Cost Estimation?In the field of project management, cost estimation is the process of estimating all of the costs associated with completing a project within scope and according to its timeline.
Initial, high-level estimates are often used in the earliest stages of project planning and can determine whether or not a project is ultimately pursued. Once a project is approved and an organization chooses to move forward with it, more detailed and granular cost estimates become necessary in order to appropriately allocate various resources.
A thorough cost estimate should include both the direct and indirect costs associated with bringing a project through to completion. Depending on the specifics of the venture, this will likely include various overhead costs (utilities, labor, etc.), labor costs (including both time and wages paid), materials and equipment costs, vendor fees (if the project requires third-party workers, freelancers, or other contractors), and more.
What is Unit-In-Place Method?A technique used by appraisers to estimate the reproduction cost (new) of a structure. The method involves estimating the cost of producing and installing individual components, such as the foundation, exterior walls, and plumbing. Similar methods include the trade-breakdown method and segregated costs method.
Therefore, we can conclude that the correct option is C.
Your question is incomplete, but most probably your full question was:
The method of cost estimating that falls between the other two cost estimating methods in complexity is the __________ method.
A. Comparative unit
B. Quantity survey
C. Unit-in-place
D. Reproduction cost
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Which practice would be most consistent with the views of scientific management?
Job enlargement would be most consistent with the views of scientific management.
Theory of motivation that holds managers analyze jobs and administration and use most efficient method of management and use money as a motivator.
Scientific management seek to reduce tasks performed. It is used to analyze workflow and synthesizing them with consistent efforts.It is one of the method where science and management meets to achieve their goals with efficiency to especially to improve labour productivity.
It is used to practice efforts with combining the efforts of the productivity and achievement of goals.
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Management states that they will tolerate one stockout every year for a specific item. If 10 orders are placed for the item each year the service level desired is:
If 10 orders are placed for the item each year the service level desired is 95%.
What is a stockout in business?Stockouts are what manifest while you run out of inventory of a specific object. An out-of-stock can appear everywhere within the supply chain, however, it affects stores' cabinets and income the maximum while it takes place because the customer is set to buy.
Stockouts generally discuss a product being unavailable for purchase at retail, as opposed to somewhere else within the delivery chain. They're maximum obvious in the fast-shifting patron items sector. The opposite of a stockout might be an overstock, wherein case there is a surplus of inventory.
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The ______ makes it illegal to send unsolicited commercial solicitations via fax without the recipient's permission or an established relationship.
The Junk Fax Prevention Act of 2005 makes it illegal to send unsolicited commercial solicitations via fax without the recipient's permission or an established relationship.
In 2005, the Junk Fax Prevention Act amended TCPA to allow senders to send unsolicited fax junk mail to individuals and companies with which they have established business relationships and to allow senders to send such junk mail. provided a process for opting out of It is necessary to adjust the mail service according to your request. On April 5, 2006, the European Commission passed legislation to implement the Junk Fax Prevention Act.
In particular, European Commission regulations at 47 CFR §64.1200 require the sender of a fax commercial to obtain the recipient's permission before sending a fax. Fax senders must also include a notice and contact information with the fax that allows the recipient to opt out of future fax transmissions from the sender. Compliant.
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Many brick-and-mortar companies must pay attention to the new competition from the because now consumers can search the world.
Many brick-and-mortar companies must pay attention to the new competition from the internet because now consumers can search the world.
What Does Brick & Mortar Mean?A "brick-and-mortar" firm is a conventional street-side enterprise that interacts directly with its clients in a store or office that it owns or leases. Brick-and-mortar businesses include places like the neighborhood supermarket and bank. Given that most web-based companies, like Amazon.com Inc. (AMZN), typically have cheaper operating expenses and more flexibility, brick-and-mortar firms have had a difficult time competing with them.
For instance, some physical grocery stores, like Safeway, allow customers to shop for groceries online and have them delivered to their house in as little as a few hours. Offshoot terminology like "click and mortars" and "bricks and clicks" has been created as a result of the hybrid business models' rising popularity.
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A(n) __________ fund buys stocks and bonds and then sells shares in those securities to the public.
A mutual funds buys stocks and bonds and then sells shares in those securities to the public. A mutual fund is a company that pools money from many investors and invests it in securities such as stocks, bonds, and short-term debt. The mutual fund's portfolio is made up of all of its holdings.
Mutual fund shares are purchased by investors. Most mutual funds fall into one of four categories: money market funds, bond funds, stock funds, and target date funds. Each type has distinct characteristics, risks, and rewards. Bond funds are riskier than money market funds because they seek higher returns.
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In a bus network, a single communication path connects the central server, departmental servers, workstations, and peripheral devices.
In a Bus Network, a single communication path connects the central server, departmental servers, workstations, and peripheral devices.
What is a Bus Network?In a bus network, every node is connected to a single shared bus, creating a local area network (LAN) topology. Bus networks are the simplest approach to link up several customers, however when two clients seek to transmit simultaneously on the same bus, problems can arise. Authentic bus networks are unactive. A main cable and endpoint terminals make up a bus network. The file server, workstations, and peripherals are all nodes of a local area network that are connected to the main cable (bus).Bus networks make it simple for terminals to connect to the bus. However, problems with collision handling arise when two clients submit data simultaneously on the same bus.
Therefore, In a Bus Network, a single communication path connects the central server, departmental servers, workstations, and peripheral devices.
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A decision by the federal reserve to change reserve requirements for banks is an example of?
A decision by the federal reserve to change reserve requirements for banks is an example of monetary policy. Central bank of a country uses a set of instruments called monetary policy to regulate the total amount increase the amount of money in circulation, promote economic growth, and put policies in place like modifying interest rates and bank reserve requirements.
With a twin purpose to maximise employment and contain inflation, the Federal Reserve Bank of the United States carries out monetary policy. Reserve requirements, the discount rate, and open market operations are the three monetary policy tools that the Federal Reserve frequently employs.
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The elements that cause problems with the use of the IRR in projects that are mutually exclusive are referred to as the: Group of answer choices
The elements that cause problems with the use of the IRR in projects that are timing and scale problems.
What is IRR?IRR is a short form for the internal rate of return. The internal rate of return is a technique used in capital budgeting method to determine the profitability of a project.
The internal rate of return of a project is the discount rate that equates the after-tax cash flows from an investment to the amount invested in the project.
A project may have more than one internal rate of return if the negative cash flow does not occur at the beginning of the project. This is referred to as timing problem. Also, IRR is not affected by the scale of the cash flows.
Advantages of the internal rate of return are that it considers the time value of the cash flows and it uses all of the cash flows that would be generated from the project to determine its profitability.
Here are the options:
A. the discount rate and scale problems.
B. timing and scale problems.
C. the discount rate and timing problems.
D. scale and reversing flow problems.
E. timing and reversing flow problems
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A customer persona or archetype is a generalization or caricature intended to represent:.
A customer persona or archetype is a generalization or caricature intended to represent : -
The one we would like to help , The right response is option D
What is a Customer persona and how its significant?A buyer persona is a fictionalized portrayal of the ideal client. It is based on market analysis, real customer data, and a few (informed) assumptions. It assists you in comprehending and connecting with the audience you wish to promote your goods and services to.Not only do personas allow you to design your offerings with a specific target in mind, but they also give you information to help market your services. This will ultimately translate into new customers, more sales, and higher revenuePersonas are essential to a product's success because they influence design choices by bringing common user demands to the fore of planning before design has even begun. Personas provide the team a common knowledge of the skills and goals of users.
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Correct Question - A customer persona or archetype is a generalization or caricature intended to represent
a) the one who is most likely to switch from a competitor's offering.
b) the one who represents the largest market segment.
c) the one with the greatest ability to pay for a solution.
d) the one you would like to help
In safe work item hierarchy, capabilities are decomposed into what?
In safe work item hierarchy, capabilities are decomposed into the features which are to be implemented.
After this they are in turn split into the stories which are consumable by the teams of the iteration.
Capabilities include the same characteristics and practices as the features do have.
When the needs of the stakeholder are fulfilled it is known as features.
Features and capabilities are the main part of the SAFE requirements model. It includes defining, planning and implementing the solution value.
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Why is it misleading to compare a company’s financial ratios with those of other firms that operate within the same industry?
Comparing financial ratios of companies within the same industry may be misleading because some companies may have investments in other industries that could distort the comparison.
Why do small business owners compare their ratios to other firms in the same industry?
Ratios can highlight trends in specific industries and establish benchmarks for measuring the performance of all industry participants. Small businesses can compare their success to the performance of the industry as a whole by using industry benchmarks to develop organizational strategies.
Why is it complicated to compare a given ratio of two companies operating in different sectors industries?
It could be necessary to compare various divisions to various industry averages. Very large corporations may be made up of various divisions that produce various goods or provide various services. To make ratio analysis meaningful, distinct industry averages must be employed for each respective division.
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If sarah can earn 4 percent annually for the next 35 years, how much will she have to invest today?
Sarah will have to invest $506,830.94 today if the fund earns 4% annually.
Investments are defined as assets bought or invested in with the goal of increasing wealth and setting aside funds from salary or capital gains. The main goal of an investment is to generate additional revenue or to make money on the investment over a certain amount of time.
Any method for producing potential future revenue might be referred to as an investment. Buying bonds, equities, or real estate property are a few examples of this. A property that can be utilized to create things can also be bought and regarded as an investment.
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What did the president mean when he said he had to face ""very difficult choices"" when creating a federal budget?
The president means deciding what would be funded and what would be cut.
The goal is to have a balanced federal budget. the government spends a sum of money the same as that which is accrued in revenue. The authorities can increase revenue thru expanded taxing, borrowing money, or growing cash. All 3 selections have poor results, creating money can lead to inflation.
These financial policies fall into growing government spending and cutting taxes. If the government increases spending/shopping for it increases outputs and creates jobs(increases combination demand), causing prices to rise.
Government spending increases aggregate demand which causes costs to rise. In step with the regulation of delivery, higher charges encourage extra production. To do this, extra jobs are created. An increase in demand results in decreased unemployment and expanded output.
Your question is incomplete. Please read below to find the missingg content.
"Meeting the spending targets in this budget meant some very difficult choices."
President Barack Obama,
2012 Budget Message of the President
Read the passage.
What did the president mean when he said he had to face "very difficult choices" when creating a federal budget?
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Which of the following factors influences your credit score?
OA. Age or experience
OB. Address of record
OC. Race or ethnicity
OD. Default on a loan
Answer:D
Explanation:I think D because the default on a loan how much do you use loans and why do you use loans a lot do you pay them back and all that.
Answer: d
Explanation:
i just took the quiz and got it right
The number of participants who discontinue use of a service, divided by the average number of total participants, yields a measurement called:.
The number of participants who discontinue the use of a service, divided by the average number of total participants, yields a measurement called bounce rate.
What is the bounce rate?Bounce rate is a web traffic measurement phrase used in Internet marketing. It reflects the percentage of visitors that join the site and then exit without seeing any more pages on the site.
A bounce rate of 56 percent to 70 percent is regarded high, however there might be a solid cause for this, while a bounce rate of 41 percent to 55 percent is considered moderate. The ideal bounce rate would be between 26% and 40%.
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The innovation strategy for changing products and technologies that involves designing the organization to encourage creativity and the initiation of new ideas is known as?
The innovation strategy for changing products and technologies that involves designing the organization to encourage creativity and the initiation of new ideas is known as exploration.
Creativity is the generation of novel ideas that can satisfy a perceived need or respond to an organizational opportunity. An innovation strategy for changing products and technologies in which organizations are designed to encourage creativity and the initiation of new ideas is called exploration.
Exploration encourages creativity and the development of new ideas, and Exploitation transforms those ideas into the manufacturing of everyday products. Organizational change is defined as the adoption of new ideas and behaviors by an organization.
The adoption of ideas and behaviors that are new to an organization's industry, market, or general environment is called organizational innovation.
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A cost leader must respond to the strategic moves of its differentiated competitors. Group of answer choices True False
A cost leader must respond to the strategic moves of its differentiated competitors. The given statement is True.
What is cost leadership?The phrase "cost leadership" is used when a business positions itself as the industry's lowest-cost producer or supplier of a specific good or service. Because the management must constantly seek to reduce costs at every level to remain competitive, implementing the approach is challenging. One aspect of marketing strategy is cost leadership. Although it is quite effective at capturing market share and grabbing customers' attention, it is challenging to implement.The company's management team must continuously strive to bring down the price of not just one product but the entire array of goods offered by the business.
Therefore, A cost leader must respond to the strategic moves of its differentiated competitors.
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The MR = MC rule Multiple Choice applies both to pure monopoly and pure competition. applies only to pure competition. applies only to pure monopoly. does not apply to pure monopoly, because price exceeds marginal revenue.
The MR = MC rule C. applies only to pure monopoly.
What is monopoly?It should be noted that monopoly simply means the only seller of a good to service in the market.
In this case, the MR = MC rule applies only to pure monopoly.
In conclusion, the correct option is C.
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Insurance companies negotiate discounts with hospitals under a(n) Question 10 options: PPO. HMO. EPI. FYI.
Insurance companies negotiate discounts with hospitals under a PPO. Option A
This is further explained below.
What are Insurance companies?Generally, A corporation, which may be for-profit, not-for-profit, or government-owned, offers the promise to pay for particular expenditures in return for a recurring charge, which is referred to as a premium. For instance, if a person acquires health insurance, the insurance company will pay for (at least part of) the client's medical expenditures, if the client has any medical bills.
In conclusion, Within the context of a PPO, insurance companies negotiate savings with hospitals. Alternative
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The Beanny Company had budgeted sales of 1,000 units with a per unit selling price of $5 per unit. Actual sales were 1,100 units at a selling price of $4.75. What is its sales volume variance?
Its sales volume variance is: $500 Favorable.
Sales volume varianceUsing this formula
Sales volume variance = (Actual units sold− Budgeted units sold) × Selling price
Let plug in the formula
Sales volume variance = ( 1,100 − 1,000) × $5 per unit
Sales volume variance = $500 favorable
Therefore the Sales volume variance is 500 favorable.
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