Identify which items are Product Costs. (Check all that apply.) Raw Materials inventory Manufacturing Overhead Advertising Expense Direct Materials Cost of Goods Manufactured Direct Labor

Answers

Answer 1

The items that are considered product costs in a manufacturing company are: 1. Raw Materials inventory, 2. Direct Materials, 3. Direct Labor and 4. Manufacturing Overhead.

1. Raw Materials inventory: This includes the cost of the materials that are directly used in the production of goods. For example, if a furniture manufacturer uses wood and fabric to make chairs, the cost of wood and fabric would be part of the raw materials inventory.

2. Direct Materials: This refers to the cost of the materials that can be easily traced to a specific product. In the furniture example, the wood and fabric used to make chairs would be considered direct materials.

3. Direct Labor: This includes the cost of the labor directly involved in the production process. It refers to the wages or salaries paid to employees who directly work on manufacturing the product. For example, the wages of the workers who assemble the chairs in the furniture manufacturing company.

4. Manufacturing Overhead: This includes all the indirect costs incurred during the production process. It consists of expenses that cannot be directly attributed to a specific product but are still necessary for the manufacturing operations. For instance, the cost of utilities, factory rent, and depreciation of machinery.

Cost of Goods Manufactured (COGM) is the total cost of producing the goods that are ready for sale during a specific period. It includes the direct materials, direct labor, and manufacturing overhead costs.

On the other hand, Advertising Expense is not a product cost. It is considered a period cost because it is incurred to promote or market the company's products, rather than being directly related to the production process.

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Related Questions

A Balance Sheet does NOT show your company's (two answers are correct)


financial position over a specific period of time

liabilities

insurance coverage at a specific date in time

assets

Answers

Answer:

I think its the 1st and 3rd ones

Explanation:

The role of the Federal Reserve Board of Governors is to:
A. loan money to multinational corporations.
B. set discount rates and reserve requirements.
O c. enforce monetary policy on Federal Reserve banks.
O D. establish new Federal Reserve districts.

Answers

The role of the Federal Reserve Board of Governors is to enforce monetary policy on Federal Reserve banks. Hence, Option C is correct.

What is monetary policy?

In macroeconomics, there is a policy whose duty is to make sure that policies that are made by the  Board of Governors have been applied to all the central banks. This policy is known as monetary policy, which manages the flow or supply of money to all the banks.

This policy also manages the interest rate. Just like other policies, monetary policy also has some tools, With the help of these tools, it is easy to manage the policy. Tools are named as operations for the open market, requirements of the reserve, and lastly rate of discount.

Therefore, Option C is correct.

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1. Calculate the Net Worth when Liabilities are $5,000 and Assets are $6,725​

Answers

The answer is 567.879 percent

WILL GIVE BRAINLIEST
If loans and credit card debt are taking up most of your monthly income, which of the following is the LEAST effective first step in getting your debt under control?
A. Start a side hustle and allocate the money you make towards extra payments for your debt.

B. Take a hard look at your budget and try to cut nonessential items so you have more cash to pay down your debt.

C. Declare bankruptcy, which will eliminate all your debts and allow you to start over with a clean slate.

D. Pay extra money each month to the debt with the highest interest rate, so you'll decrease the total amount you'll spend on debt.

Answers

Answer:

a or c i fliped a coin and got A sounds like the answer rember jesus loves you

Explanation:

What percent of the federal budget was spent on education in 2019?

Answers

Answer:

The President requests $59.9 billion in discretionary appropriations for the Department of Education in fiscal year 2019, an $8 billion or 12 percent reduction below the 2018 annualized Continuing Resolution (CR) level.

If you have an orientation where you are completing training exercises on a computer, it is probably a ____.
A new hire orientation
B interactive orientation
C reorientation
D mentorship

Answers

Answer: new hire orientation

Explanation:

New employee orientation is used in order to welcome newly employed workers to the organization and this is done in order to integrate the new workers into the system, train them, and make them feel welcomed and part of the organization. .

This helps to boost the confidence of the employees, leads to increase in the retention of employees and also boost employees morale.

Interaction orientation simply means the interaction that takes place between companies and their customers and this is done in order to improve the relationship with customers and achieve organizational goals.

Mentorship simply means having a mentor to guide an individual. Reorientation simply means to change a particular focus or mindset of certain people.

Based on the explanation, the answer is new hire orientation.

Answer:

A

Explanation:

Your factory has a contract to produce a new folding chair. Your role as manager is to find the greatest efficiencies possible throughout the process, so you call a meeting with your planning department. One of your engineers suggests putting more workers on the line but breaking up the tasks into more individual steps. What is your greatest concern regarding this approach? A increased time spent in training B reduced production C poor conditions for workers D cost to hire skilled workers

Answers

Answer:

A

Explanation:

I took the test and it was right

Does anyone know what the definition of expanding manufacturing is?

Answers

Definition - To make your business grown larger or faster by diversifying your current product line

Hope this help :)

Match the financial statement with its description. To match them, click the Description and then click the Financial Report Name

Answers

Answer:

a-3 / b-2 / c-4 / d-1

Explanation:

Notes to financial statements: Includes a summary of significant accounting policies and explanations of specific items on the financial statements.

The notes are required by the full disclosure principle. Also referred to as footnotes. Provide additional information pertaining to a company's operations and financial position.

Report of independent registered public accounting firm: Attests to the fairness of the presentation of the financial statements.

is a process designed to provide reasonable assurance regarding the reliability of financial reporting.

Management's discussion and analysis of financial condition and results of operations (MD&A): Is written by the company to help investors understand the results of operations and the financial condition of the company.

Disclosure is mandatory where there is a known trend or uncertainty that is reasonably likely to have a material effect on the registrant's financial condition or results of operations

Financial statements: Includes the income statement, balance sheet, statement of stockholders' equity, and statement of cash flows.

are reports prepared by a company's management to present the financial performance and position at a point in time.

Financial statements refer to how company communicates their finance. The financial statement that reflects a company’s profitability is hereby given below.

Financial statements in sheets

The various accounting activities that precedes financial statements are hereby matched below:

A. Statement of retained earnings or owner's equity

Include information of owner's retained earnings and dividends.

B. Income statement - Revenues

Shows revenues and expenses over a period of time.

C. Statement of cash flow

shows money moving in and out, categorized by operations, investing and finance

D. Balance Sheet

A snapshot of a company's assets, liabilities and equity at a specific moment in time.

Therefore, the answers are Statement of retained earnings or owner's equity, Income statement - Revenues, Statement of cash flow, Balance Sheet respectively.

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when did Toronto​ pearson​Airport​(Canada) start​ using​ technology​ or​ scanner​

Answers

Answer:

Canada's busiest airport will soon start to use artificial intelligence- powered technology to detect weapons. The technology can detect both metallic and non-metallic weapons ranging from  guns and knives to explosives, according to Liberty Defense Holdings Ltd., a  Vancouver-based company which first marketed the technology.  Known as Hex wave, the technology works by capturing radar images, then using  artificial intelligence to analyze them for concealed weapons in bags or under clothing.   Liberty's CEO, Bill Riker explained, "radar essentially is emitting this form of energy,  it's reflecting off a person and it's identifying any items on a person's body that don't  belong on a body." The technology will start getting deployed at Pearson in the Spring of 2020 in a bid to boost  security, according to the Greater Toronto Airports Authority, which runs Pearson.

What type of industry would Tim Hortons and McDonalds be classified as?

Answers

they would be classified as restaurants

Which of the following is not one of the factors in determining a pension's final value?

A) Years of serivce
B) Level of education
C) Your age at retirement
D) Your highest salary/pay

Answers

Answer:

B

Explanation:

The Break-Even Point in your business is when


your company has repaid all of its debt

your company has exceeded its start up expectations

your company makes enough in revenue regularly to cover its expenses

your company repays all of the start up cost funding

Answers

Answer: In this letter you want to make sure that you are being clear and concise, so as to avoid any confusion about what your relationship will be in the future (ended). This means that you want to avoid any potential legal liability, and explain yourself in order to show that you are being fair and reasonable in your request.

Explanation:

MULTIPLE CHOICE: Scar stole Mufasa's debit card and used it to buy a vacation package to the Savannah. Which account would the money come out of? (choices are savings, checking, certificate of deposit, and online checking)

Answers

Answer:

Savings.

It cannot come from certificate of deposit or online checking, since it is a debit card.

What is the difference between a salary and an hourly wage?​

Answers

Answer:

Explanation:

A salary stays the same amount no matter how many hours you work. An hourly wage, you get paid for each hour you work; you get payed on WHAT you work.

In which way are competitors stakeholders in a business?
A. They invest in competition
B. Competitors need to provide services
C. Competitors will want to position itself competitively
D. They enjoy learning about the competition

Answers

Answer:

B

Explanation:

l think so if u get it wrong and am sorry

What is the advantage of developing criteria for assessing the effectiveness of business products and processes?
A. Assessment criteria are answers.
B. Assessment criteria are inexpensive.
C. Assessment criteria provide you with a list of relevant things to measure.
D. Assessment criteria provide you with a list of people to contact to learn more about process mentoring.

Answers

Answer:

.Assessment criteria provide you with a list of relevant things to measure.

Explanation:

Assessment criteria provides a list by which one can measure success or failure of a business products and processes.

Answer:

c

Explanation:

Select the best alternative for the following questions:
i. Which of the following transactions are not recorded in book keeping?
a) Sold Goods on Credit.
b)
Introduce capital in the business.
c) Resignation of marketing manager.
d) Drawing cash from business for personal use.
..​

Answers

Answer:

c. the resignation

Explanation:

this would not affect the bottom line of the company and is therefore irrelevant

The correct answer is c

Which of the following best describes a stock.

A) An incredibly stable investment that is always a safe investment
B) Is insured by the FDIC
C) Represents a share of ownership of a corporation
D) Only sold in the United States

Answers

Answer: C

Explanation: A stock represents a share of ownership of a corporation. Stocks are bought by people so they can get money. If the company's stock they by it from goes well, they get money as well as interest. The answer is C. Hope this helps!

Jerry's job requires that he wear a suit and tie every day to the office. This is most likely a(n) _____ atmosphere.

Answers

Answer:

I would say a formal or business atmosphere.

Explanation:

The main jobs that require suits are often business atmospheres. However, the wearing of a suit is called formal attire.

Answer:

The answer is formal

Explanation:

I took the quiz and got all of the answers right.

When a site is unsafe, it means a. Your personal information may be used in ways you do not want c. Permission to use that site at school is always allowed b. That site is okay to visit often d. All of the above Please select the best answer from the choices provided A B C D

Answers

Answer:A, Your personal information may be used in ways you do not want

Explanation:

If it is a unsafe site than there for your personal information can go places you do not want them to.

When a site is unsafe, it means your personal information may be used in ways you do not want. Thus, option 'A' is the correct option.

What does it mean when a website is unsafe?

External connections to websites with phishing, malware, or unwanted software are known as unsafe domains. Phishing is when a website imitates another one in an effort to fool visitors into divulging personal or financial information. When you visit an insecure website, you run the risk of having your personal information compromised and/or having malicious malware installed on your system.

Additionally, you can fall prey to a phishing attack, or someone else might watch your activity or use your resources for their own gain. If the content you're seeking to view is harmful or misleading, a warning will appear. These websites are frequently referred to as phishing or virus sites. If you clicked on a phishing link, the first thing you should do is immediately unplug your device from the internet.

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I need to submit this today, can you help me?


What are Washington D.C.’s people eating habits?

What are some economic facts about Washington DC?

What are some facts about Washington DC?

Culture and customs of Washington DC?

Travel information (Dubai to Washington DC)?

Answers

Answer:

I'm sure they eat well. have u try looking it up on goggle first

A local Barnes and Noble paid a $79.99 net price for each hardbound atlas. The publisher offered a 20% trade discount. What was the publisher’s list price?

Answers

Answer:

i believe it would be 63.99

Explanation:

Based on the information given the publisher’s list price is:$99.99.

Using this formula

List price=Net price/(100%-2=Trade discount)

Where:

Net price=$79.99

Trade discount=20%

Let plug in the formula

List price=$79.99/(100%-20%)

List price =$79.99/80%

List price= $99.99

Inconclusion the publisher’s list price is:$99.99.

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Mary is earning a weekly salary of $521.60 as a payroll clerk. She has accepted a new assignment in the tax-processing department. In her new position, she will be paid an annual salary of $30,534.00. How much more would she earn per week in her new position?

Answers

Answer:

$65.60

Explanation:

Mary's current is $521.60.

In her new position, she will be earning $30,534.00.  Her new weekly income will be as follows. Assuming one year has 52 weeks.

New pay = $30,534.00/ 52

New pay =587.20

In her new job, she will earn more by( $587.20 - $521.60.) =$65.60

=$65.60

Research some examples of organizations that experienced bad publicity and how they dealt with it. Write a paper detailing your findings.

Answers

Answer:

did you finish it cuase i got the same one

Explanation:

Admit the error, apologize, and present a solution if you or your company is receiving negative press as a result of anything you did incorrectly. Negative publicity won't disappear if you ignore it.

What do you mean by Negative publicity?

When damaging material is revealed, negative PR or publicity can take many different forms in company and can impact everything from sales to your reputation.

Various forms of unfavorable PR for your company could include: negative coverage of your business in the media, online, in publications, or on television.

In particular, we contend that by raising product awareness, unfavorable publicity might boost sales and purchase likelihood.

Negative publicity should therefore affect products differently depending on whether they are recognized or unknown. This viewpoint is supported by three investigations.

Your brand's reputation can be severely damaged in a matter of minutes by false information, negative reviews, and nasty social media remarks. Even worse, rumors spread swiftly and negatively impact the reputation of your company.

Negative publicity can have a significant impact on how potential customers see your brand. When customers publicly disparage a company, product, or service, this is known as bad publicity.

Bad publicity includes posting or publishing negative evaluations on websites, review pages, and social media accounts.

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Sam has take-home pay every month of $800. He anticipates that his expenses will add up to $675 for the month. In a zero-based budget, why is it important that she put the extra $125 in SOME budget category? Where might you suggest that Sam put the extra $125?

Answers

Answer:

Second savings account

Explanation:

Life is full of surprises... repairs or emergency cases this would be helpful to have

Answer:

In a zero based budget, your income needs to add up to zero at the end of every month. For that reason I recommend that if he still has money left over after paying bills and other expenses he should put in savings.

waht do an engineer and an architect do?​

Answers

Create fix, build stuff, and many other things use google you’ll find more info on it too
An engineer builds products and buildings while architects plan out the way the engineers will build for a stable, working build.

4.
Contrast the relationship that exists between entrepreneurs and investors in a business
enterprise.​

Answers

Answer:

see below

Explanation:

1. An entrepreneur is the business founder. He or she conceives the business ideas and focuses on growing it.  An investor considers existing business formed by the entrepreneur and focuses on its financial/commercial side.

2. The entrepreneur approaches an investor to finance the business. He draws a business plan and proposals to assure the investor of its viability. The investor approaches an entrepreneur if he is convinced of profits.

3. The entrepreneur manages the business but may also invest in it.  An investor only puts money in the business but is not involved in managing it.

What are the 4 steps to branding

Answers

Answer:

Here are four steps to building a successful brand.

1 Define how you want to be perceived. When your customers have finished using your product or service, how do you want them to describe their experience? ...

2 Organize your business based on this promise. ...

3 Communicate your promise. ...

4 Be consistent.

Explanation:

Should voting be mandatory?

Answers

Answer: Yes

Explanation:

Answer:

no

Explanation:

because no

Other Questions
Step 1: Read Case Studies 6-5 and 7-7.Step 2: Write your analyze the motivation issues shown in each case in two different ways (from content theory, context theory, or process theory). For each case, choose two different theories of motivation (from content theory, context theory, or process)Content Theory: Maslow Heiarchy, ERG Theory, McCllend's Three Needs TheoryContext Theory: Herzberg's Two-factor Theory, Job Characteristic Model, Reinforcement TheoryProcess Theory: Expectancy Theory, Goal-setting Theory, Equity TheoryYou use one theory from one category, then you use another from another category.Step 3: Write your solutions to address the issues identified in Step 2."Case Study 7-7 All in a Days WorkSarah Goodman, senior manager of network development for the Holy Managed Care Company, has just returned from a lunch meeting with the adviser for the MHSA (Masters of Health Services Administration) program at State University, and now she is back on the job attending more meetings. At 1:30 P.M. she has a meeting to discuss pay issues. The Human Resources Department has evaluated the salary picture for the entire organization and is concerned that women are not being paid as well as men. They want input on a strategy to bring the pay issue into line so as to avoid a gender discrimination charge. Personally, Sarah wondered if she got paid as well as Dave, her counterpart in Tampa. Certainly she has been there as long and worked about twice as hard as he seems to! He does seem to benefit from the "good old boy network," however.At 3:00 there is a performance appraisal Sarah had scheduled with her assistant Maria. Sarah wasnt sure what to do about Maria. Her work was terrific from the standpoint of accuracy and amount. As long as she got a pat on the back pretty frequently, Maria was an ideal employee in a lot of ways. Sarah knew that Maria would be prepared for the interview, including her goals for the next six months. The problem was that Sarah really wanted to get Maria more involved with others in the department. If she wasnt able to get Maria ready to assume her position, how could Sarah ever hope to be promoted? Productive as she was, Maria just wasnt a "people person."Then at 4:00, there is another performance appraisal scheduled. This one was going to be difficult. Janine was a fairly new employee and Sarah loved the work she produced, but she didnt think shed ever seen a more uptight person! She seemed to need to be told at each step what to do next and worried constantly about breaking the rules. Sarah had begun to think Janine had even invented some new rules! Last week, for example, Sarah had asked Janine to stay a little late to finish a project. She didnt discover until the next day that Janine had been late picking up her baby from the babysitter. Certainly overtime wasnt required, and Sarah felt bad about causing the problem. She could have asked someone else to do the work, but thought it might be a way of encouraging Janine to "get out of the box" a little.By the time the meetings were over, Sarah figured shed just have time to return her phone calls and scan the mail before it was time to go home. Shed promised Richard something special for dinner, mostly because she was planning to tell him about graduate school. The traffic would be awful, and she needed to stop by the store on the way. "Oh well! Its all in a days work," she thought.Discuss the various motivation theories reflected in this case study."Only looking for help for case study 7-7 Analysis HRM Planning of WOOLWORTHS in the context of COVID-19 to critically analysisHow do they approach their planning? What external factors are important for HRM? - Use examples data and references to support your response. B Corp has two manufacturing departments - A & B and uses departmental rates for applying overhead. If the predetermined overhead application rate for A is $572 per direct labor hours, the predetermined overhead application rate for B is $168 per machine hours and the following information pertains to Job 4:A BDirect materials $621 $592Direct labor $58 $211Job 4 incurred 2 direct labor hours and 2 machine hoursIf the company mandates a 110% markup per job, what would be the price per unit for Job 4 assuming it consists of 18 units?ONLY round your final answer to 2 decimal places. Do not round intermediate calculations. An engineer wishes to set up a special fund by making uniform semiannual start-of-period (period 0) deposits for 12 years. The fund is to provide P500,000 at the end of each year of the last five years of the 12-year period. If interest is 11% compounded yearly, what is the required semiannual deposit to be made? The roots of a quadratic equation are 5 and 2/3. If one of the two factors is x-5, what could be a secondfactor?Explain your reasoning. This principle of design stresses one feature as being the center around which the rest of the design is coordinated a. Proportion b. Emphasis c. Color d. Anomaly Ctick. Sove and Submit to sove and submit. Click Save All Ansures to sate all anstwers. Maestro Inc. can buy its inventory from the following two suppliers both of which offer essentially the same pricing and quality. Their credit terms are as follows: Supplier A 2/10, net 30 Supplier B 3/10, net 20 Maestro is frequently short on cash and is often unable to take advantage of prompt payment discounts. Calculate the nominal cost of trade credit for each supplier given that Maestro will usually pay its suppliers in 45 days. Why were many Georgians angered by the Proclamation of 1763?a. Colonists wanted to expand the colonys northern border, but the proclamation gave part of Georgias territory to South Carolina.b. Colonists wanted to trade with American Indians living in the Indian Reserve, but the proclamation outlawed all trade with American Indians.c. Colonists were mostly Roman Catholic, and the proclamation prevented practicing Catholicism east of the Appalachian Mountains.d. Colonists wanted to settle land gained in the French and Indian War, but the proclamation forbade settlement west of the Appalachian Mountains. Jenna paid foreign income tax of $2,408 on foreign income of $12,040. Her worldwide taxable income was $108,200, and her U.S. tax liability was $27,000.Required:a. What is the amount of the foreign tax credit (FTC) allowed?b. What would be the allowed FTC if Jenna had paid foreign income tax of $4,400 instead?Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.a. Foreign tax credit allowed : Amounts _______b. Foreign tax credit allowed : Amounts _______ The Haiti economy differs from that of Puerto Rico in that it isdependent on.a. Remittances b. FDI c. Federal Transfers d. All of theabove Question 31 The number one thing that will determine a salesperson's success is:Question 31 options:A. money-orientedB. perseveranceC. determinationD. attitudeQuestion 32 One of the most common distractions from focusing on prospecting is:Question 32 options:A. Chatting with other people in the officeB. Checking emailsC. Spending too much time researching the callsD. Responding to calls Both a call and a put option are currently traded on stock AXT. Both options have a strike price of $90 and maturity (T) of three months. The call premium (C0) is $2.75, the put premium (P0) is 4.12, and the underlying stock price (S0) is $89.50. What will be your profit or loss if you take a long position on the put option and the underlying stock price at the option maturity (St) becomes $87? Show calculation. Case study : British petroleum Refinery explosion case 20052. Analyze BP external environment using PESTEL analysisframework ? What are the most important factors BP to address ? an orange colored light has a wavelength of 5.95 * 10^-7 meters. this light is reflected from the surface of a thin film of oil. how thick is the thinnnest film that will cancel the reflection of the ligth What is the approximate vapor pressure when the liquid water boils at about 50C? Q7. Explain a distinction between an equation that is linear in the coefficients and one that is linear in variables. Examine whether log transformation of dependent and independent variables provides better estimates compared to regression analysis conducted using level-level regression model estimated in Q6. Furthermore, can you compare R-squared estimated results of level-level model with the estimated regression results of the double log regression model? If not, explain the rationale behind it. Present your estimated results using adouble log model in a table and discuss your findings. (15 marks) Which of the following is a technique for evaluating capital projects that is particularly useful when firms face time constraints in repaying investors? Multiple Choice Payback Internal rate of return Net present value Profitability index Identify and list 3 differences and 1 similarity between globalmarketing and domestic marketing and explain. (x+4)(x-5)=0 quadratic equation Links between corporate culture and ethics can take two directions. On one hand, corporate culture can be viewed as a fundamental ingredient in systematizing ethics in organizations. On the other hand, culture can be considered the backbone of corporate ethics to the extent that occasionally the terms ethics and culture are confused.With an organization in mind (governmental, nonprofit, service, fortune 500, educational, etc.), discuss why these terms can be confused. What is the potential for organizational culture to improve ethics in your example organization?