the following is a list of costs incurred by several manufacturing companies: classify each of the following costs as product cost or period cost. indicate whether each product cost is a direct materials cost, a direct labor cost, or a factory overhead cost. indicate whether each period cost is a selling expense or an administrative expense: costs classification a. annual picnic for plant employees and their families b. cost of fabric used by clothing manufacturer c. cost of plastic for a toy manufacturer d. cost of sewing machine needles used by a shirt manufacturer e. cost of television commercials f. depreciation of copying machines used by the marketing department g. depreciation of microcomputers used in the factory to coordinate and monitor the production schedules h. depreciation of office building i. depreciation of robotic equipment used to assemble a product j. electricity used to operate factory machinery k. factory janitorial supplies l. fees charged by collection agency on past-due customer accounts m. fees paid to lawn service for office grounds n. maintenance costs for factory equipment o. oil lubricants for factory plant and equipment p. pens, paper, and other supplies used by the accounting department q. repair costs for factory equipment r. rent for a warehouse used to store work in process and finished products s. salary of a physical therapist who treats plant employees t. salary of the manager of a manufacturing plant u. telephone charges by corporate office v. travel costs of marketing executives to annual sales meeting w. wages of a machine operator on the production line x. wages of production quality control personnel check my work
Answers
The following is a list of costs incurred by several manufacturing companies: A. Annual picnic for plant employees and their families: Period Cost, Selling Expense
B. Cost of fabric used by clothing manufacturer: Product Cost, Direct Materials Cost
C. Cost of plastic for a toy manufacturer: Product Cost, Direct Materials Cost
D. Cost of sewing machine needles used by a shirt manufacturer: Product Cost, Direct Materials Cost
E. Cost of television commercials: Period Cost, Selling Expense
F. Depreciation of copying machines used by the marketing department: Period Cost, Administrative Expense
G. Depreciation of microcomputers used in the factory to coordinate and monitor the production schedules: Period Cost, Administrative Expense
H. Depreciation of office building: Period Cost, Administrative Expense
I. Depreciation of robotic equipment used to assemble a product: Period Cost, Administrative Expense
J. Electricity used to operate factory machinery: Product Cost, Factory Overhead Cost
K. Factory janitorial supplies: Product Cost, Factory Overhead Cost
L. Fees charged by collection agency on past-due customer accounts: Period Cost, Administrative Expense
M. Fees paid to lawn service for office grounds: Period Cost, Administrative Expense
N. Maintenance costs for factory equipment: Product Cost, Factory Overhead Cost
O. Oil lubricants for factory plant and equipment: Product Cost, Factory Overhead Cost
P. Pens, paper, and other supplies used by the accounting department: Period Cost, Administrative Expense
Q. Repair costs for factory equipment: Product Cost, Factory Overhead Cost
R. Rent for a warehouse used to store work in process and finished products: Period Cost, Administrative Expense
S. Salary of a physical therapist who treats plant employees: Period Cost, Administrative Expense
T. Salary of the manager of a manufacturing plant: Period Cost, Administrative Expense
U. Telephone charges by corporate office: Period Cost, Administrative Expense
V. Travel costs of marketing executives to annual sales meeting: Period Cost, Selling Expense
W. Wages of a machine operator on the production line: Product Cost, Direct Labor Cost
X. Wages of production quality control personnel: Product Cost, Direct Labor Cost
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Related Questions
Determine the future value at the end of two years of an investment of $3,000 made now and an additional $3,000 made one year from now if the compound annual interest rate is 4 percent.
Answers
The future value of investment at the end of two years with a compound annual interest rate of 4% is $6,432.48.
The future value of investment can be calculated using the formula: FV = PV (1 + r)n, where FV = Future value, PV = Present value (initial investment), n = Number of compounding periods, r = Annual interest rate
Given, PV = $3,000 (initial investment)+ $3,000 (second investment after one year) = $6,000n = 2 years r = 4%.
Substituting these values in the formula, we get FV = $6,000 (1 + 0.04)2FV = $6,432.48.
Therefore, the future value of investment at the end of two years with a compound annual interest rate of 4% is $6,432.48.
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What do disability insurance and life insurance have in common?
A.
Both are provided by your employer at the employer’s expense.
B.
Both charge the same amount for the policy premium.
C.
Both cover an unexpected loss of income.
D.
Both cover beneficiaries in the event of your death.
Answers
Answer:
C. Both cover an unexpected loss of income.
Explanation:
Disability Insurance protects against loss of income due to the inability to ask, resulting from injuries. This insurance policy compensates the insured for lost income due to incapacitation.
Life insurance offers protection against loss of income should the insured die. Life insurance pays the insured beneficiaries a specified sum of money as stipulated in the insurance contract. It is an assurance the insured's family will be compensated for the loss of income occasioned by their death.
4. In your progress report, you want the Work Completed section to follow your
Summary of Costs. To date, the company has rewritten the home page content,
created a new logo, and updated the overall structure of the site. Currently, an idea
for site navigation has been proposed but not yet confirmed. You want to include a
visual of the navigation option in the progress report.
a. The navigation option includes these links from the Home Page: About, Services,
Customer Reviews, and Contact. The About section would include links to History
and Our Mission; the Services section would also include links to Pricing, Scope, and
Timeline. Show an example of a simple, custom graphic to display the navigation. (3
points)
Answers
Links to About, Services, Customer Reviews, and Contact are included in the suggested navigation option, along with dropdown menus for About (History and Our Purpose) and Services (Pricing, Scope, and Timeline).
What type of bar chart is most popular?When showing a sequence of statistics over time, it is highly helpful. If long labels are needed, vertical bar graphs have the drawback of not leaving much room at the bottom of the chart.
Which bar charts are frequently employed to display time series data?Using a sequence of bars, time series bar charts can display changes in a metric over time. This allows you to plot several series, display the breakdown of a metric across dimensions, and display the evolution of the values over time.
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If each of two monopolistic competitors undertakes equally successful advertising efforts to attract consumers away from the other, the total result is that ________. they will both increase market share they will both increase market share they will both improve their industrial position they will both improve their industrial position they will simply neutralize one another's efforts
Answers
Answer:
They will simply neutralize one another's efforts
Explanation:
The key is in "attracting consumers away from the other." Because there's already a given set of consumers, the advertising tactics of the two duopolistic firms will end up in a loss in some customers and a gain in others. This is a zero-sum game, and a neutralization of each other's efforts.
how concentrated must a metal be in order to be considered an ore?
Answers
In order for a metal to be considered an ore, it must be concentrated enough to make it economically viable to extract. This means that there must be enough of the metal present in the ore to justify the cost of mining and processing it.
The concentration of a metal in an ore is typically measured in terms of its grade, which is the percentage of the metal present in the ore. Generally, a metal must have a grade of at least 1% to be considered an ore. However, the actual concentration required can vary depending on a number of factors, including the current market price of the metal, the cost of mining and processing, and the availability of other sources of the metal.
For example, if the market price of a metal is high and there are few other sources available, a lower grade ore may still be economically viable to extract. On the other hand, if the market price is low and there are many other sources available, a higher grade ore may be required in order to be economically viable.
Overall, the concentration required for a metal to be considered an ore is a complex calculation that takes into account many different factors, and can vary widely depending on the specific circumstances.
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Marietta opts into a Target app. When she enters a Target store, small Bluetooth devices scattered throughout the store send signals to her phone with personalized deals and information. This is an example of ______ technology.
a. tag.
b. RFID.
c. alien.
d. beacon.
Answers
Assuming small Bluetooth devices scattered throughout the store send signals to her phone. This is an example of d. beacon technology.
What is beacon technology?Beacon technology can be defined as a tiny or small wireless transmitter technology that help to send signals to devices.
One of the example of beacon is blutooth devices. Despite small in size they help to send signal to phone or user device and they as well makes use of low energy.
Inconclusion this is an example of d. beacon technology.
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1. In a mixed economy system, the government monitors what aspect of goods and services?
It begins with a s
2. The wireless telephone industry in the US is an example of what type of business model , The 2nd letter in the word is a L
3. A voluntary market works in the concept of ?
4. One factor used to determine credit worthiness is?
5. How does students returning to school shift supply and demand?
All these answers are one word
Answers
In a mixed economy system, the government monitors price aspect of goods and services.
The wireless telephone industry in the US is an example of telecommunications. One factor used to determine credit worthiness is credit score.
What is mixed economy?
A mixed economy is one that mixes characteristics of the market economy with those of the planned economy, the market with state interventionism, or the private sector with the public sector. All mixed economies combine socialist and free-market principles. A mixed economy can be described as a reformist phase leading to a socialist economy that permits a significant role for private enterprise and contracting within a predominately public owned framework.
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Carrie is creating a personal balance sheet. The heading includes the period of time that the balance sheet represents. Which could be the header of Carrie's balance sheet?
Answers
Answer:
The answer is Carrie's Balance Sheet (January 2013)
Explanation:
It is titled Carrie's Balance sheet and it shows the date in the title, it is the only one with a specific month compared to a longer period of time.
Answer:Carrie’s Balance Sheet (January 1, 2021)
Explanation: Got it correct on edge.
hich pricing strategy involves setting a high price for an exclusive, high-end product?
Answers
a company's assets that are used or converted into cash within the course of a calendar year are called
Answers
A company's assets that are used or converted into cash within the course of a calendar year are called current assets.
What is the asset?An asset is a resource with economic value that a person, company, or nation owns or manages in anticipation that it may one day be valuable. Assets are listed on a company's balance sheet. They are broken down into four groups: present, fixed, financial, and tangible.
The interest receivable must be shown separately because it counts as a current asset. The allowance for questionable accounts should be subtracted from Accounts Receivable.
Assets that are anticipated to be used up or sold within a fiscal year are referred to as current assets. They could be observable or intangible. The assets portion of a company's balance sheet displays current assets. They may serve as an effective measure of a company's liquidity.
Therefore, The course of a calendar year is called current assets.
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which budgeting method considers advertising along with other marcom elements as relatively unimportant to a brand's present success and future growth?
Answers
The budgeting method that considers advertising along with other marcom elements as relatively unimportant to a brand's present success and future growth is the affordable method.
This method sets the marketing budget based on what the company can afford, rather than on what is needed to achieve marketing objectives.
The affordable method is often used by small businesses or businesses that are new to the market. It is also used by businesses that are facing financial difficulties.
The affordable method is not a very strategic approach to marketing budgeting, as it does not take into account the company's marketing objectives or the competitive environment.
Here are some of the disadvantages of the affordable method:
It does not take into account the company's marketing objectives.It does not take into account the competitive environment.It can lead to underfunding of the marketing function.It can lead to inconsistent marketing campaigns.If you are considering using the affordable method for your marketing budget, it is important to weigh the disadvantages against the advantages. You should also make sure that you have a clear understanding of your marketing objectives and the competitive environment.Here are some of the other budgeting methods that are more strategic than the affordable method:
Percentage-of-sales method: This method sets the marketing budget as a percentage of sales.Competitive-parity method: This method sets the marketing budget to match or exceed the spending of competitors.Task-based method: This method sets the marketing budget based on the tasks that need to be accomplished.The best budgeting method for your business will depend on your specific circumstances. You should consider your marketing objectives, the competitive environment, and your financial resources when making a decision.
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Why is measurement of nation income difficult in developing countries like Nepal?
Answers
Answer:
Measuring national income is difficult in developing countries like Nepal due to several reasons. Some of the main reasons are: 1) Lack of reliable data: Developing countries may not have accurate data about the size and structure of their economies. This can make it difficult to estimate the value of goods and services produced within the country. 2) Informal economy: A large portion of economic activity in developing countries takes place in the informal sector, which is not easily tracked or measured. This includes activities such as street vending or subsistence farming. 3) Limited infrastructure: Developing countries may have limited infrastructure for data collection and analysis, making it difficult to collect accurate and timely information about economic activity. 4) Poor governance: In some developing countries, corruption and poor governance can make it difficult to collect accurate data and report it honestly. 5) Cultural differences: Cultural differences can also make it difficult to accurately measure national income
The legal owners of publicly traded companies are called ______.
Multiple choice question.
a. executives
b. business holders
c. shareholders
d. stock brokers
Answers
The legal owners of publicly traded companies are called shareholders.
Shareholders are the legal owners of publicly traded companies.
They own shares of the company's stock, which represents their ownership interest and gives them certain rights and privileges, such as voting rights and the right to receive dividends. Shareholders can be individuals, institutional investors, or other entities that hold shares in the company.
Apologies for the confusion in my previous response. The correct term for the legal owners of publicly traded companies is shareholders. Shareholders hold ownership in the company through their ownership of shares of stock. They have certain rights and privileges, such as voting rights, the right to receive dividends, and the ability to participate in the company's decision-making processes. Shareholders can be individuals, institutional investors, or other entities that hold shares in the company. They are considered the ultimate owners of the company and bear the risks and rewards associated with their ownership.
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The legal owners of publicly traded companies are called shareholders. Shareholders are the legal owners of publicly traded companies.
They own shares of the company's stock, which represents their ownership interest and gives them certain rights and privileges, such as voting rights and the right to receive dividends. Shareholders can be individuals, institutional investors, or other entities that hold shares in the company. Apologies for the confusion in my previous response. The correct term for the legal owners of publicly traded companies is shareholders. Shareholders hold ownership in the company through their ownership of shares of stock. They have certain rights and privileges, such as voting rights, the right to receive dividends, and the ability to participate in the company's decision-making processes.
Shareholders can be individuals, institutional investors, or other entities that hold shares in the company. They are considered the ultimate owners of the company and bear the risks and rewards associated with their ownership.
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change
as indicated as in the bracket.
. .
no. shaxma is. honest pesson. (a, an, the)
fo
H
Answers
Answer:
No Sharma is an honest person.
Explanation:
Articles are "a, an, the" and are used according to their nature like a vowel or a consonant, singular or plural, or definite or an indefinite noun, etc.
In the given sentence, the word to be used is either one of the three articles. And in looking at the word "honest", the letter "h" which starts the word is a consonant. This, by rules of articles, will require the use of "a". But, as the "h" is silent in the sound of "honest", then the use of the "a" is invalid. Judging by the pronunciation, the first sound from the word "honest" is "o" where the word is pronounced as "onest".
Thus, the correct article to be used is "an".
Brand __________ refers to the loyalty, perceived quality, and emotions people associate with a given brand name. Group of answer choices equity identification positioning ownership
Answers
Brand equity refers to the loyalty, perceived quality, and emotions people associate with a given brand name.
It is the value that a brand has in the eyes of its customers and is built through consistent and positive brand experiences. Brand equity is a measure of how well a brand is known and how favorably it is perceived by consumers. It is influenced by various factors such as brand awareness, brand loyalty, and brand associations. When customers have a strong emotional connection to a brand, they are more likely to choose it over competitors.
This loyalty and positive perception can result in increased sales, higher prices, and stronger customer relationships. Brand equity is a valuable asset for companies as it can lead to long-term success and a competitive advantage in the market.
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Question 7 of 20
A marketing plan includes a number of factors, including the marketing mix.
What is the marketing mix?
A. Using names and symbols to identify the company's products
OB. A plan for spending money
OC. How the company intends for customers to view its product
relative to the competition
OD. The variables of product, price, place, and promotion
SUBMIT
Answers
Answer:
answer is d
Explanation:
yes
The concept of limited liability
Answers
Answer: Function, The function of the concept of limited liability is to provide the owners of businesses a way to protect their personal assets. For example, if a business is sued, the person seeking compensation cannot go after the personal property of the business' owners.
Types The concept of limited liability gives rise to a variety of different types of business organizations.These include corporations and limited liability companies, all of which are created by the laws of each of the 50 states.
Significance The concept of limited liability plays a significant role in commerce. Absent the concept of limited liability, individuals would shy away from investing in businesses of any type. The vast majority of individuals would not want to put their personal property at risk by becoming involved in a business enterprise.
Features The concept of limited liability restricts the amount of money a person risks to what she invests in a business enterprise
Exception Protections normally associated with the concept of limited liability can be set aside in certain situations. For example, if a business owner co-mingles personal and business assets -- in a common bank account, for example -- an individual with a claim against the business likely can seek compensation from some, if not all, of the business owner's personal assets.
Expert Assistance A business owner facing a situation in which another individual or business makes a claim against the business should seek legal assistance. A qualified attorney not only protects the interests of the business but works to ensure that the owner's personal assets do not end up in jeopardy.
Explanation:
The account balances for Hydro Tech as of May 31, 2001, are listed below in alphabetical order: Accounts Payable $10,000 Prepaid insurance $16,000 Accounts Receivable 12,000 Land 50,000 Building 40,000 Notes Payable 28,000 Common Stock 76,000 Retained Earnings 10,000 Cash 6,000 All accounts in the above data have normal balances, thus the sum of all debit balance is:
Answers
The account balances for Hydro Tech as of May 31, 2001, include both assets and liabilities. In accounting, assets have a normal debit balance, while liabilities and equity have a normal credit balance. Therefore, the sum of all debit balances for Hydro Tech as of May 31, 2001, is $124,000.
To find the sum of all debit balances, we need to identify the asset accounts.
The asset accounts in this data are:
1. Accounts Receivable: $12,000
2. Prepaid Insurance: $16,000
3. Land: $50,000
4. Building: $40,000
5. Cash: $6,000
To calculate the sum of all debit balances, simply add up the values of these asset accounts:
$12,000 (Accounts Receivable) + $16,000 (Prepaid Insurance) + $50,000 (Land) + $40,000 (Building) + $6,000 (Cash) = $124,000
The sum of all debit balances for Hydro Tech as of May 31, 2001, is $124,000.
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The law of supply tell us there is a negative, or inverse relationship between:_____.
a. the price of a good and the quantity supplied.
the higher the price, the lower the quantity supplied.
that as the price of a good increases, producers will increase the quantity supplied.
the positive relationship between the price of a good and quantity demanded by consumers.
Answers
Explanation:
the positive relationship between the price of a good and quantity demanded by consumers.
easy career class question.
Answers
Answer business
hope this helps
When gathering information, which of the following tasks might you need to
perform?
A. Seek out ideas from others and share your own ideas
О
B. Fill out forms, follow procedures, and apply math and science
C. Apply standards, such as measures of quality, beauty, usefulness,
or ethics
D. Study objects, conduct tests, research written materials, and ask
questions
Answers
Answer:
The answer is D
Explanation:
To gather information you have to study objects and conduct tests on them to gather results.
3. If the Wall Street Journal published an article w/ the headline "Poultry Farmers Detect Infectious Avian Bird Flu," what would happen to the demand curve for chicken? What good or service is being changed in the scenario? What is the determinant of demand that caused the change?
Answers
Answer:
If such a headline was published, the demand for chicken and its byproducts would plummet. The demand curve would shift to the left, meaning that the quantity demanded would decrease at all price levels.
The quality of the chicken and its byproducts has changed here, since they would turn into potentially unhealthy food.
The determinant of the demand for chicken products that is altered by this article is consumer preferences. The health of consumes is at risk, which would alter their preferences due to fear of getting sick.
One of the best methods for understanding a company's policies and procedures is
asking coworkers questions.
doing what you think is best.
checking in with a supervisor.
emailing the company president
Answers
Answer:c
Explanation:
for edg 2020 exam
For understanding company's policies and procedures, the best method is to check with the supervisor. Option (c) is correct.
What are Policies?A purposeful set of rules designed to direct behavior and produce logical results is called a policy. A policy is a declaration of intent that is carried out through a method or protocol. Typically, a governance board inside a company adopts.
Workplace efficiency is improved through company rules and practices. They guarantee consistency, equity, and adherence to US labor regulations. Additionally, policies inform your staff of what is and is not tolerated. Additionally, they enhance the workplace environment for all employees by reflecting the values of your business.
Therefore Option (c) is correct. The best methods for understanding a company's policies and procedures is checking in with a supervisor.
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(Figure: Monetary Policy) Refer to the figure. Assume that the economy is initially at point Y in the graph. If the Fed takes the appropriate action with monetary policy, but overestimates how serious the recession is, then:
the Fed would overshoot and the economy would move to point W.
Answers
The recession is the Fed would overshoot, and the economy would move to point W.
Monetary policy is the macroeconomic coverage laid down with the aid of using the imperative bank. It includes control of cash deliver and hobby price and is the call for aspect financial coverage utilized by the authorities of a rustic to gain macroeconomic targets like inflation, consumption, boom and liquidity.
Central banks have 4 principal economic coverage equipment: the reserve requirement, open marketplace operations, the bargain price, and hobby on reserves. 1 Most imperative bank additionally have loads extra equipment at their disposal.
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identify and explain two advantages to ruby of having part-time employees
Answers
Answer:
Explanation:
make the 4 to 8 and the 8 to 47 by addind
Choose the option that best matches the description given.
I handle the basic management of our employees and am the face you see in the media.
a)shareholder
b)officer
c)board of directors
Answers
Answer:
I think c. board of directors
OFFICERRRRRRRRRRRRRRR
The owner of the rapids river rafting company wants to advertise to a broader customer base as a way to increase revenue. Employees are a little resistant to his plan. What is one way he can persuade them that this is a good idea?
Answers
Answer:
Document ways diversity played a crucial role for business in the past
Explanation:
River rafting refers to the activity of moving quickly in a small boat along rivers
The owner of the rapids river rafting company wants to advertise to a broader customer base as a way to increase revenue.
But the employees are a little resistant to his plan.
For this document ways, diversity has played a crucial role in business in the past.
So, he can follow such ways.
what is the reason that oligopolists do not sign an enforceable agreement to cooperate rather than compete?
Answers
The reason that oligopolists do not sign an enforceable agreement to cooperate rather than compete is because each firm has an incentive to cheat on the agreement and gain a competitive advantage over the others.
This is known as the "prisoner's dilemma" in game theory. Even if all firms would benefit from cooperating, each individual firm may be tempted to break the agreement and capture more market share or profit. Additionally, antitrust laws may prohibit such agreements as they can lead to anti-competitive behavior and harm consumers. Therefore, oligopolists often engage in tacit collusion, where they signal their intentions to cooperate without explicitly agreeing to do so.
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What is project management?
Answers
Define a Small Scale Enterprise as per ‘MSMED Act, 2006’.
Answers
Explanation:
the Government of India has in acted, small and medium enterprises development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is an enterprise where the investment in plant and machinery is more than rate 25 lakh but does not exceed rate.