Reference no: EM131282866
Per the Codification, what is considered the normal capacity of production facilities?
a. The average production over the previous five-year period.
b. Actual production for the period.
c. Actual production for the period plus loss of capacity for planned maintenance.
d. A range that may vary based on business and industry-specific factors.
2. How should unallocated fixed overhead costs be treated?
a. Allocated to finished goods and cost of goods sold based on ending balances in the accounts.
b. Allocated to raw materials, work in process, and finished goods, based on the ending balances in the accounts.
c. Recognized as an expense in the period in which they are incurred.
d. Allocated to work in process, finished goods, and cost of goods sold based on ending balances in the accounts.
|
Lower of cost-market is departure from accounting principle
: Based on a physical inventory taken on December 31, year 2, Chewy Co. determined its chocolate inventory on a FIFO basis at $26,000 with a replacement cost of $20,000. Reporting inventory at the lower of cost or market is a departure from the account..
|
|
Economy continues to transition to a knowledge-based economy
: Coaching is becoming more important as the economy continues to transition to a knowledge-based economy. List one reason your would tract with a coach for help
|
|
The design activity of process management focuses on
: The design activity of process management focuses on. When manufacturing inventory, what is the accounting treatment for abnormal freight-in costs?
|
|
They are not responding to you in an effective manner
: How do you feel when people do not respond effectively to you? When people respond in an ineffective manner, does it affect your speaking behavior? What can you do to help others know that they are not responding to you in an effective manner?
|
|
What is considered normal capacity of production facilities
: Per the Codification, what is considered the normal capacity of production facilities? How should unallocated fixed overhead costs be treated?
|
|
What effect does technology have on globalization
: What effect does technology have on globalization ? When allocating costs to inventory produced for the period, fixed overhead should be based upon. When allocating costs to inventory produced for the period, fixed overhead should be based upon
|
|
Political appointees to federal administrative positions
: Tension between political appointees to federal administrative positions below the cabinet level who usually stay on the job for about two years or so and career personnel who were remain at the agency while the political appointees come and go.
|
|
Engineering economics and cost analysis
: Engineering Economics and cost estimation is the subject or course name. Basically the thing is how u come up with different snow removal alternatives, to reduce the overall cost spent by the university every year in plowing work. Engineering Economi..
|
|
Makes four kinds of organic liquid soap
: Sarah's organic soap company makes four kinds of organic liquid soap - "regular", "lavender", "citrus" and "tea tree". Demand for the four scents are 150, 120, 75 and 50 kgs per hour respectively. Sarah's production process can produce any soap at th..
|