The Manufacturing Overhead account is used to track actual manufacturing overhead expenses as they are incurred.
What exactly is manufacturing overhead, and what is it made up of?
Production overhead, factory overhead, and other similar terms all refer to a company's manufacturing processes. In addition to direct labor and material costs, it also covers all additional expenditures incurred in the manufacturing facilities. Overhead in production is hence referred to as an indirect cost.
According to generally accepted accounting standards, the cost of products sold and the manufacturer's inventory must include:
a direct material's price
direct labor expenses
the price of production overhead
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A recent survey found that of those surveyed, over 25 round their most recent job through __________.
A recent survey found that of those surveyed, over 25 round their most recent job through Social media.
What is Social media?
Websites and programmes that emphasise collaboration, sharing of content, engagement, and community-based feedback are collectively referred to as social media. Social media is used by people to connect and communicate with their friends, family, and other communities. The use of social media has become a daily requirement in today's culture. Social media is primarily utilised for decision-making, news and information access, and social interaction. It is a useful tool for sharing, creating, and disseminating information as well as for communicating with people locally and globally.
Therefore,
A recent survey found that of those surveyed, over 25 round their most recent job through Social media.
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One of the limitations of mainstream economics is that it does not take into account _____ costs when a price is assigned to product or service.
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Performing inquiry and analytical procedures is the primary basis for an accountant to issue a?
To issue the comparative financial statements review report (a.k.a. Review Report on Comparative F.S.) is the primary basis of accountant to perform inquiry and analytical procedures.
Performing the mentioned procedures is the primary basis for an accountant to issue:
Comparative financial statements review report.Report on the 2nd year of operations for a nonpublic entity.An examination of previous financial statements.Review of statements consists principally of inquiry and analytics. Audited important financial assistance programs.An assurance that prospective financial statement reviews will not be conducted.Also, keep in mind that using inquiry and analytical procedures is not actually necessary for management advisory services.
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The first step in the marketing research process that james took was to identify the problem. which step is his next move?
As the first step in the marketing research process that James took was to identify the problem, the next step of the marketing research process is setting objectives for the research.
What is a marketing research process?Basically, a marketing research refers to the the process of determining the viability of a new service or product through a research conducted directly with potential customers. The role of marketing research is to create, communicate and deliver a value to customers and for managing customer relationship in ways that benefit the organization and its stakeholders.
In conclusion, after James identify the problem, the next step of the marketing research process is setting objectives for the research.
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Which limited use farm structure does not qualify for a permanent property tax exemption?
Milking barn farm structure does not qualify for a permanent property tax exemption.
What is tax exemption?Tax exemption is the reduction or elimination of a requirement to make a required payment that would otherwise be imposed on individuals, properties, income, or transactions by a ruling power. Tax-exempt status might offer full tax exemption, reduced rates, or tax on only some things.
A tax exemption is the right to have some or all of one's income exempt from federal or state taxation. The majority of taxpayers are eligible for a number of exemptions that can be used to lower their taxable income, while some people and organizations are fully free from paying taxes.
As most taxpayers understand it, a tax exemption is the ability to deduct a certain amount or percentage of gross income. The taxes owed are decreased because that income is disregarded.
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Which component of medicare's value based purchasing plan monitors the action of reporting data in the proper format within the given timeframe?
The value-based purchasing strategy for Medicare keeps track of whether data are submitted in the right format and on schedule. Pay for reporting exists
Your company's purchasing plan outlines your purchasing practices. By eliminating inefficiencies, creating approval workflows, and creating a tactical purchase plan to achieve desired goals, it aims to optimize cost reductions while also reducing the bottom line.
What is the strategic purpose of buying?
In the supply chain management process, the purchasing function is strategically essential. It addresses how the delivery end of the suppliers interacts with the sourcing end of supply chain management.
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In organizational buying, complex negotiations that last over a lengthy period ______.
In organizational buying, complex negotiations that last over a long period, as a result of the regulatory requirements for fixed cost structures, cannot take place.
This is further explained below.
What is organizational buying,?Generally, It is not uncommon for organizational buying to include convoluted discussions that go on for a considerable amount of time and are prolonged as a direct result of legal obligations.
The term "organizational purchasing process" refers to the method that any business goes through in order to make any purchase or buying choice.
This might be anything from office supplies to new office furniture.
This might refer to anything from computers to supplies for the workplace.
In the same way that regular people go through a series of processes before buying anything, corporations and other kinds of organizations also go through this process before making a purchase.
In conclusion, Because of the legal requirements for fixed cost structures, it is impossible to engage in complicated talks that take place over an extended period of time when an organization is making a purchase.
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When we consider the effects of taxes and subsidies on the market for goods, services, and resources, we evaluate how taxes and subsidies affect:_____.
We examine how taxes and subsidies impact Producers when we look at how they affect the market for goods, services, and resources.
Market structures and the effects of taxes and subsidies
Government action in the market to affect supply and demand and improve efficiency is known as government intervention.
Indirect taxes are placed on either consumers or producers and are assessed on the use of products and services.
Companies' manufacturing costs decrease as a result of the government providing them with free money or exempting them from paying taxes. As a result, they will be able to offer their items at lower prices to customers.
Indirect taxes have an impact on how businesses operate in the market as manufacturing costs rise.
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Personal papers are documentary materials of a private or nonpublic character that do not relate to, or have an effect on, the conduct of agency business. True or false?.
Personal papers are records of a private or nonpublic nature that are unrelated to or have no bearing on how an agency conducts business is a True Statement.
Personal papers are first-person reports of social occasions and individual experiences that typically contain the author's thoughts and feelings. Such items as letters, diaries, photo albums, and memoirs are among them. Sometimes, personal documents are referred to as life documents.
If they want to be organized, everyone has to regularly handle and manage their papers. Your documents might range from bank, credit card, and mortgage bills to details of your medical condition, insurance policies, deeds, tax returns, and much more.
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If a company's formal communication network contains many levels of hierarchy:__________
If a company's formal communication network contains many levels of hierarchy upward and downward communication tend .
What is formal network of communication?
Formal communication networks are arrangements of connected individuals and systems that use official channels for information exchange and communication.
What are four types of formal communication network?
The way that employees communicate with one another within an organization is referred to as a communication network. The wheel network, chain network, circle network, and all-channel network are four examples of various sorts.Types of formal communication-
Memos.Intranet.Meetings.Conferences.Formal One-on-Ones.Bulletin Boards.Handouts.Learn more about communication network
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What+is+the+principal+remaining+after+monthly+payments+have+been+made+on+a+$+-year+loan?+the+annual+interest+rate+is+%+nominal+compounded+monthly
The Correct answer is $14,579
n= 5 years adjusted for monthly payment.
n=5*12
n=60
r= 12% adjusted for monthly payment
r = 0.12 / 12
r = 0.01
LLoan = $20,000
We must first determine the monthly payment:
A = P (A/P, 1%, 60)
A = $20,000 * 0.0222
A = $444
We know that after the 20 payments, 40 payments are remaining.
P = $444 * (P/A, 1%, 40)
Based on the compounding table, if i = 1% then (P/A, 1%, 40) = 32.8346
P = $444 * 32.8346
P = $14,578.56
P = $14,579
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If the price of an item b (which is a substitute for item a) decreases, then people will buy ________ of a
If the price of item B (which is a substitute for item a) decreases, then people will buy LESS of A.
Substitute Goods: In the eyes of the consumer, substitute items are the same as, very similar to, or equivalent to another product. The same wants of the clients can be partially or totally satisfied by substitute goods. The consumer thinks they can therefore be replaced one for the other. Coca-Cola can be substituted with Pepsi-Cola and vice versa.
If the price of item B (which is a substitute for item a) decreases, then people will buy LESS of A.
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Which company is expecting to gain the majority of its returns on new investments?
Phillips Petroleum is expecting to gain the majority of its returns on new investments.
What is investment?Investment is the dedication of a resource to achieving a value rise over time. A current item, such time, money, or effort, must be sacrificed in order to invest. The goal of investing in finance is to profit from the asset that is being financed. Your investing style and method of choice are determined by your investing personality. Your financial risk profile, which takes into account your age, financial background, current situation, and investment objectives, essentially sums up your investing personality. Investment assets include both tangible and intangible goods that are acquired for the purpose of generating additional income or held for speculation in the hope that their value will rise in the future.Learn more about investment here:
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The difference between the variable costing ending inventory and the absorption costing ending inventory is:_________
The way fixed production overhead is handled in absorption costing and variable costing is the only distinction.
An overview of absorption costing versus variable costing
Work-in-progress and inventory values for businesses are determined using absorption costing and variable costing techniques. All expenses related to the production of a product are included in absorption costing. The only costs included in variable costing are the ones directly associated with production and none of the fixed costs. The Generally Accepted Accounting Principles (GAAP) of the Financial Accounting Standards Board mandate absorption costing for reporting purposes (GAAP).
Only businesses that spend costs of goods sold (COGS) on their income statement will need to consider absorption vs. variable costing.
Despite the fact that any business can utilize both approaches for various purposes, public businesses are obligated to employ absorption costing due to their GAAP accounting obligations.
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What is the process of computerizing manual tasks, making them more efficient and effective and dramatically lowering operational costs?
Automation is the process of computerized manual task making them more efficient and effective and dramatically lowering operational costs.
What is automation?Basic automation takes simple,, easy-to-complete tasks. At this level of automation, tasks are centralized and simplified by the use of tools, such as a shared message system, to avoid having information stored in isolated silos. These fundamental forms of automation include business process management (BPM) and robotic process automation (RPA).
Business process management through automation ensures consistency and openness. The majority of the time, business apps and specialized software handle it. The productivity and efficiency of your organization can be improved by using process automation. It may also offer fresh perspectives on problems facing businesses and make recommendations for remedies. Process automation includes types such as process mining and workflow automation.
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The law requiring that toys and infant products be tested before sale is called the?
Consumer Product Safety Improvement Act is a law requiring that toys and infant products be tested before sale. President George W. Bush signed the Consumer Product Safety Improvement Act (CPSIA) of 2008 into law on August 14, 2008.
This law establishes new standards for testing and documentation as well as new thresholds for a number of drugs. It imposes new restrictions on producers of clothing, footwear, personal care items, jewelry, accessories, home decor, bedding, toys, electronics, video games, books, school supplies, and scientific kits. The Act also provides higher penalties and longer jail terms for some infractions. Because of how many different types of businesses were impacted by this act, it was viewed as controversial in part.
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Economic series that tend to rise or fall in advance of the rest of the economy are _________.
Economic sequence that have a tendency to upward push or fall in advance of the rest of the financial system are leading financial indicators.
What does leading indications mean in economics?Leading Indicator Definition. Leading symptoms are a set of statistics about monetary activities that help in macroeconomic forecasts of the economy and emerging degrees of enterprise cycles across the industry via performing as a variable with economic linkage.
What are examples of leading financial indicators?The index of customer confidence, buying managers' index, preliminary jobless claims, and average hours labored are examples of leading indicators.
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https://brainly.com/question/903754#SPJ4What does the phrase ""no taxation without representation"" mean? is it still relevant today?.
Taxation without representation refers to a situation in which a population is obligated to pay taxes to a government authority but is not given a voice in determining the policies of that government. As a form of resistance against their British oppressors, colonial Americans chanted, "Taxation without representation is tyranny."
Taxation Without Representation: What Is It?One of the main motivations of the American Revolution was opposition to taxation without representation. In the 1760s, the British Parliament started directly taxing its American colonies, presumably to make up for losses during the Seven Years' War, which lasted from 1756 to 1763.
One particularly hated tax, introduced by the Stamp Act of 1765, required colonial printers to pay a tax on documents used or printed in the colonies and to verify it by attaching an embossed revenue stamp to the documents. In vice-admiralty courts, offenders were tried without a jury. According to colonists, being denied a trial by peers was a second injury.
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How is the future value of $500 invested for one year at 6 percent annual interest computed?
The future value is therefore $530.
The formula can be used to get the annual compound interest.
Future value is calculated as invested money divided by (1 + rate) years.
Amount Invested: $500, Number of Years = 1, Rate = 6%
The values in the formula being replaced
Future value is equal to 500 (1 + 0.06).
By even more simplifying
The worth in the future is therefore $530.
The interest on a loan or deposit that is calculated based on both the initial principle and the accumulated interest from prior periods is known as compound interest (also known as compounding interest). Compound interest, sometimes known as "interest on interest," is said to have its roots in 17th-century Italy. Compared to simple interest, which is calculated solely on the principal amount, it will cause a sum to grow more quickly.
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Telling the truth consistently is considered an important trust builder for leaders. true false
Consistently speaking the truth is regarded as a crucial element in developing trust among leaders. true
Truth has the quality of conforming to fact or reality. Truth is often given in ordinary language to things like beliefs, assertions, and declarative sentences that attempt to describe reality or else conform to it.
Typically, truth is thought to be the polar opposite of untruth. In a variety of domains, including philosophy, art, theology, and science, the idea of truth is examined and contested. The majority of human activities, including most of the sciences, law, media, and daily life, rely on the concept, with its nature as a concept being assumed rather than being a topic of dispute.
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Who typically coordinates a project when one functional area plays a dominant role, or has a dominant interest, in a project being executed with a functional organization structure?
A high-ranking manager from that area coordinates a project when one functional area plays a dominant role, or has a dominant interest, in a project being executed with a functional organization structure.
A project is any task, executed personally or collaboratively and possibly regarding research or design, this is cautiously planned to gain a specific purpose.
An undertaking also can be defined as a hard and fast of inputs and outputs required to obtain a selected aim. initiatives can vary from simple to complex and can be controlled via one individual or 100.
A mission definition (also called a task constitution) is a document that establishes the key targets and phrases of a task. proper mission definition paves the manner for on-time and on-budget shipping because it lowers the hazard of scope creep, budget overrun, and worker burnout.
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Agenda setting happens during the evaluation stage of the policy-making process.
a. true
b. false
It is false that agenda setting happens during the evaluation stage of the policy-making process.
What is agenda setting in the policy process?The topics or issues that government officials, as well as others closely connected to them outside of government, are currently giving substantial thought to. A list of potential topics is reduced by the agenda-setting process to the set that actually receives attention.
What is the evaluation stage of policymaking?A policy's content, implementation, or impact are examined using evaluation concepts and methodologies. Evaluation is the process by which we learn about the value, worth, and utility of a policy.
The step of policy development known as agenda setting is where problem definitions are examined to evaluate their validity. According to the Kraft/Furlong policy process model, the steps in the policy-making process are agenda setting, policy development, policy execution, and policy evaluation.
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The relationship between the quantity of real gdp demanded and the price level when all other influences on expenditure plans remain the same is called ________.
The relationship between the quantity of real GDP demanded and the price level when all other influences on expenditure plans remain the same is called Aggregate supply.
Aggregate supply are often defined as the total amount of goods and services produced or sold at various price levels in a country. In other words, aggregate supply is that the total value of all goods and services resulting from economic activity in a country.
In macroeconomics, aggregate supply will behave differently within the very short-run, the short-run, and therefore the long-run, as reflected within the elasticity of the curve. Macroeconomics studies the economy as an entire . This economics study specifically learns about the economy on an outsized scale and comprehensively.
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Clairmont industries reported net income of $282,828, average total assets of $637,000, and comprehensive income of $354,172. the return on total assets is:____.
The return on total asset is found to be 44%
Given here, the net income of $282,828 and average total assets worths 637000$.
Now, we can calculate return on total asset by the formula,
Return on total asset = (average net income /average total asset value) ×100
= 282,828/637000 ×100
= 0.44× 100 = 44%
So, the return on total asset is found to be 44%
The return on total assets ratio evaluates the relationship between a company’s total assets and its earnings after interest and tax. This profitability indicator enables you to assess how your business makes profits and how you stack up against your rivals.
Equity held by shareholders plus debt owed by the business equal the total assets. The balance sheet of the corporation contains this amount.
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Economist robert reich advocates that the outsourcing of productive activities to different suppliers results in the creation of?
The creation of "Worldwide Products"—items with a global focus—results from the outsourcing of productive tasks to various providers.
What are Worldwide Products?The aggregate gross national income of all the nations in the globe is known as the gross world product (GWP).Because imports and exports are exactly balanced when looking at the entire planet, this also equals the total global GDP. The nominal GWP in 2013 was around 75.59 trillion US dollars, according to the World Bank. The GWP was around $80.27 trillion in nominal terms and was over 127.8 trillion international dollars in terms of purchasing power parity in 2017, according to the CIA's World Factbook (PPP).
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The adjusting entry for a prepaid expense includes a debit to a(n) ______ account
The adjusting entry for a prepaid expense includes a debit to a expense account and a credit to an asset account.
What is adjusting entry ?An adjusting journal entry can be described d as the entry in a company's general ledger which is been carried out at end of an accounting period in order to have the record of any unrecognized income or expenses.
It should be noted that The adjusting entry for a prepaid expense includes a debit to a expense account and a credit to an asset account.
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If an adjusting entry for unearned revenue is not recorded, what is the effect on the financial statements?
If an adjusting entry for unearned revenue is not recorded the effect of financial statement would be understatement of revenue and overstatement of liabilities.
An adjusting entry is the entry that is posted after the posting of journal entries, the entry is recorded to post or adjust the balances for current transactions.
Unearned revenue is the amount that is received as a prepayment but is not yet earned means the services or goods are not yet delivered. Prepayments are debited and unearned revenue is credited as a liability. The adjusting entry of unearned revenue appears when the goods or services are delivered to the customer. It may be partial or complete.
Therefore the adjusting entry is debit unearned revenue and credit revenue.
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In general, a company would prefer a ____ quick ratio and a ____ basic earning power ratio.
In general, a company would prefer a higher quick ratio and a higher basic earning power ratio.
What is a quick ratio?A company's capacity to satisfy its short-term obligations using its most liquid assets is measured by the quick ratio, which serves as a gauge of its short-term liquidity position.
It is also known as the "acid test ratio" because it shows how quickly the company can pay down its current liabilities with its near-cash assets (assets that can be quickly converted to cash). A fast test intended to yield results right away is referred to in slang as a "acid test."
The quick ratio compares a company's current obligations to its available liquid assets in terms of dollar value. Current liabilities are a company's debts or commitments that must be paid to creditors within a year, whereas liquid assets are those current assets that can be easily turned into cash with little impact on the price received on the open market.
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If mean lead time decreases but all other values remain the same, what will be the impact on the order point?
the order point will decrease
The delay between the start of a procedure and its conclusion is known as a lead time. For instance, the lead time between placing an order and receiving a new automobile from a certain manufacturer might range from 2 weeks to 6 months, depending on a number of specifics. The complete amount of time needed to create an item, including order preparation time, queue time, setup time, run time, move time, inspection time, and put-away time, is referred to as "manufacturing lead time" in one business lexicon. It is the period of time between when an order is released and when that order is produced and sent for made-to-order goods. It is the period of time between the release of an order and the manufacturing of and reception into completed goods inventory for make-to-stock products.
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carlota perez, technological revolutions and financial capital: the dynamics of bubbles and golden ages
Technological Revolutions and Financial Capital: The Dynamics of Bubbles and Golden Ages is the academic book by Carlota Perez.
The academic book, Technological Revolutions and Financial Capital: The Dynamics of Bubbles and Golden Ages by Carlota Perez seeks to describe the connection between technological development and financial bubbles which is thus seen in the emergence of long term technology trends.
The model described by Carlota Perez shows repeated surges of technological development over the past three centuries are shown in the model which is described by Carlota Perez.
Hence, this book identifies the bursts of technological innovation which have occurred in industrial history.
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