Prepare a table of two columns and show phrase sentence

Assignment Help Finance Basics

Reference no: EM131436859

Question: ‘In a job costing system, it is necessary to divide up the business into departments. Fixed costs (or overheads) will be collected for each department. Where a particular fixed cost relates to the business as a whole, it must be divided between the departments. Usually this is done on the basis of area of floor space occupied by each department relative to the entire business. When the total fixed costs for each department have been identified, this will be divided by the number of hours that were worked in each department to deduce an overhead recovery rate. Each job that was worked on in a department will have a share of fixed costs allotted to it according to how long it was worked on. The total cost for each job will therefore be the sum of the variable costs of the job and its share of the fixed costs. It is essential that this approach is taken in order to deduce a selling price for the business's output'.

Required:

Prepare a table of two columns. In the first column you should show any phrases or sentences in the above statement with which you do not agree, and in the second column you should show your reason for disagreeing with each one.

Reference no: EM131436859

Questions Cloud

Define the topology that will be used : Define the topology that will be used. Select the appropriate network media. Select the appropriate network connecting devices, including network security devices. Select the appropriate computer systems to use to support the network design. Determin..

Forces of adhesion and cohesion responsible for matric : Are attractive forces of adhesion and cohesion responsible for Matric, Gravitational, Osmotic ore Pressure potential?

Calculate the ph for buffer : A buffer consists of 0.33 M H3PO4 and 0.1 M NaH2PO4. Given that the K values for H3PO4 are, Ka1 = 7.2 x 10-3, Ka2 = 6.3 x 10-8, and Ka3 = 4.2 x 10-13, calculate the pH for this buffer.

What type of solution did kim make : However she dropped 25g of the sugar while transferring to the blender, so only 75g of sugar were actually added. it turns out that the solubility of sugar is 75g/L. Based on this information what type of solution did Kim make?

Prepare a table of two columns and show phrase sentence : In a job costing system, it is necessary to divide up the business into departments. Fixed costs (or overheads) will be collected for each department. Where a particular fixed cost relates to the business as a whole, it must be divided between the..

Wavelength in nanometers of ultraviolet light : What is the wavelength in nanometers of ultraviolet light in the Balmer series corresponding to a value of n= 9?

Develop the linear regression equation : Develop the linear regression equation that best describes the relationship. What is the estimate of the time delay per employee absent?

Define the sdlc model and methodology : Select a System/Software Development Life Cycle (SDLC) model and methodology then apply this model and methodology to a project using the Information Technology (IT) specialization you wrote about in your Week 1 paper. Be sure to define the SDLC ..

Draw a graph to represent the results : A one-way analysis of variance test was significant at the p = 0.009 level. Use MSE = 26.92 to find the Bonferroni 95% confidence intervals for all pairwise differences. Draw a graph to represent the results.

User Account

All Pages