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Q: Which of the following cost items should be classified as an external failure cost on a cost of…

A: The question is related to quality cost. The quality cost is classified into two1. Cost of achieving…

Q: Why is it important to consider the relationships amongcost, quality, and selling prices when…

A: The question has covered the relationship between Cost, Quality , and Selling Price For setting up…

Q: 4. A transfer of direct materials, such as metal used to make the outer case of a vid system, into…

A: Under process costing, transfer is made from Raw Materials account to Work in process account when…

Q: Define Raw materials.

A: Cost: The amount paid to purchase the asset, install it, and put it into operations, is referred to…

Q: :Changing the design of the product is an example of A product level activity a O A batch level…

A: Product-level activities are the activities that are related to a specific product or activity.…

Q: When the purchase of materials is journalized in a process cost accounting system, the materials…

A: Journalization refers to the process of recording each and every business transaction having…

Q: The standards for direct materials are made up of which of the following components?

A: The pricing standard and quantity standard are the elements of direct material variances. Direct…

Q: The cost of goods manufactured includes: Applied direct or indirect materials, but not actual…

A: Calculating a corporation's entire manufacturing expenses throughout a particular period of time…

Q: Elliott Company produces large quantities of a standardized product. The following information is…

A: Under weighed average cost method the units in beginning work in process are not considered while…

Q: Which of the following would NOT be considered an activity for the purposes of an activity-based…

A: Introduction: Activity based costing: Its also called As ABC method. According to the Actual…

Q: Explain the Over head cost control  benefits and drawbacks in manufacturing unit.

A: Cost accounting: A branch of accounting that deals with the calculation of the total cost incurred…

Q: Direct Materials Used is: Cost of Goods Sold is closest to: Cost of Goods Manufactured is closest…

A: Direct materials used means how much materials is used directly in the production process. Cost of…

Q: Which of the following is the best example of a unit-level activity? Select one: O a None of the…

A: Unit level activity are the activities which can relates with the per unit produced. It can be…

Q: Concerning computer software to be sold, leased, or otherwise marketed, which of the following costs…

A: Introduction: Costs of product: Amount spent for making the product in to a finished goods from raw…

Q: Classify the following Business Solutions manufacturing expenses as (a) variable (V) or fixed (F)…

A: Variable price: The expenses are related to the number of commodities produced or services rendered.…

Q: The standards for direct materials are made up of which of the following components? a.variance…

A: The question is multiple choice question. Required  Choose the Correct Option.

Q: . Designing a new product is an example of: a. Unit-level activity b. Batch-level activity…

A: Activity based costing is a type of costing system in which all indirect costs or overheads are…

Q: How does adding direct material at the beginning or end of a process affect the equivalent unit

A: Process costing is a significantly costing system to measure, monitor and control under different…

Q: Meaning of manufacturing and explain, thank you

A: Manufacturing and Retailing are two activities which are done in an organisation. Manufacturing…

Q: for lamp manufacturing company the cost lamp stack describe ? a)conversion cost b)manufacturing…

A: Product Cost  Product cost is a cost that is used to manufacture or produce a product. Product cost…

Q: What is the standard variable overhead rate and standard fixed overhead rate?

A: The overhead rate is calculated by dividing total indirect costs (also known as overhead) for a…

Q: Distinguish between the product-costing and control purposes of standardcosts for factory…

A: Standard Costing: Standard costing is an accounting tool which is used to measure the variances in…

Q: utilizes a computer system to estimate production needs so that required resources are available…

A: Answer - 1. Correct Option is A - Flexible.  A flexible manufacturing system is a highly automated…

Q: Which of the following is not a characteristic of a process costing system? Multiple Choice…

A: Cost accounting is one of useful branch of accounting, under which all type of costs and expenses…

Q: Define cost of equipment.

A: Definition:   Assets: These are the resources owned and controlled by business and used to produce…

Q: Based on the diagram, which represents the EOQ model.Which line segment represents the length of…

A:

Q: Why might a company have different numbers of equivalent units for direct materials and conversion…

A: Direct material is the raw material which is directly used in the production process. Conversion…

Q: need distrebution the cost of service centers to the production center.

A: Overhead is the cost that is directly involved in the production process of the company. It is…

Q: Describe the effects of using direct and indirect material.

A: Direct materials are required directly in the production process like wood required to make…

Q: Nonunit-level drivers are prominent in activity-based coting systems. Which of the following is…

A: Activity-based costing appears to be a method of more correctly allocating overhead expenditures by…

Q: ould the unit produ

A: RimsPostOverhead costActivity RateActivity LevelAllocated costActivity LevelAllocated costMachine…

Q: Different between raw materials, work in process and finished goods inventories

A: A manufacturing company generally have three types of inventories in its stock: Raw Materials Work…

Q: Replenishment planning helps to determine what materials are to be procured and when. Select on

A: Replenishment planning is a delicate balance of three factors: The amount of inventory required to…

Q: n fixed overhead applied to work in process 3600

A: Standard fixed overhead applied is the standard direct hours available into standard fixed overhead…

Q: cost of materials issuances under the fifo method

A: Meaning of FIFO method FIFO method is called as First in First Out method. Under FIFO method the…

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.