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mariarad [96]
2 years ago
15

Which of the following is a nonmanufacturing business where process costing would most likely be used? An auto body shop. A furn

iture repair shop. A laboratory that tests water samples for lead A tailoring shop. A beauty shop.
Business
1 answer:
solmaris [256]2 years ago
7 0

All of them are the non-manufacturing business where process costing would most likely be used.

Explanation:

  • All are non-manufacturing business which are as follows,
  • An auto body shop.
  • A furniture repair shop.
  • A laboratory that tests water samples for lead A tailoring shop.
  • A beauty shop.
  • Non-manufacturing business costs refers to those business where it is incurred outside the factory or production unit
  • Non-manufacturing costs includes,
  • selling expenses
  • general expenses
  • Selling Expenses
  • It is also called as selling and distribution expenses.
  • Non-manufacturing expenses have no impact on the production cost of the company due to their period costs.
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Austin Company pays daily wages of $645 (Monday - Friday). Paydays are every other Friday. Prepare the Monday, January 31 adjust
lys-0071 [83]

Answer:

Explanation:

The adjusting entries are shown below:

1. Wages Expense A/c Dr $2,580 ($645 × 4 days)

         To Wages Payable A/c           $2,580

(Being wages are adjusted)

2. Depreciation expense A/c Dr $39,600

          To Accumulated depreciation        $39,600

(Being depreciation expense is adjusted)

3. Office supplies expense A/c Dr $3,120 ($3,755 - $635)

           To Office supplies A/c                        $3,120

(Being office supplies is adjusted)

4 0
2 years ago
Big Dig LLC makes an offer to perform an excavation and related tasks for Commercial Development Corporation, but due to a subst
valkas [14]

Answer:C. A mistake of value support the cancellation of a contract.

Explanation:

The law of equity says ' he who comes to equity must come with a clean hand. Although the law requires the enforcement of a valid contract but the precensce of a substantial mathematics mistakes make the contract unenforceable.

It's not a bilateral mistake because it's from one the parties, though not all unilateral mistakes can cancel a contract especially when done with negligence.

The contract been below the price of contract of similar nature is not a valid excuse for non performance after agreement.

7 0
1 year ago
Which of the following is NOT an example that falls within the four major categories of business environment factors for today's
oksano4ka [1.4K]

Answer:

c. fewer government regulations

Explanation:

  • All except the fewer government regulations on the trade of the companies that affect the today's business environment and the word organization. The globalization and the increased play a major role in the collection of the internal and the external factors the customer needs and the expectations that affect the firm's price availability.
5 0
2 years ago
Consider this argument: "the kidnappers have taken eight people hostage and are holding them at a farmhouse just outside town. i
Kisachek [45]
<span>The kidnappers have taken and holding eight people hostage at a farmhouse just outside town. If the Swat team assaults the farmhouse, hostages will be killed. If they give into the kidnappers' demands for ransom, hostages will be safe but the tactic will encourage more kidnappings of innocent people.The argument is an example of compromise. </span>

<span>Compromise is a  negotiation process in which both parties (Swat team and kidnappers)  give up something in order to get something else which they want more. It occurs  in win-lose situations – like in the example that there are hostages taken in. Each of the parties makes concessions in order to reach an agreement that is agreeable to both.</span>

5 0
1 year ago
Poornima is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence:
mixer [17]

Answer: C. Many decisions are made on the margin

Explanation:

One vital economic principle that is made by economic agents is that when making rational decisions, it involves thinking at the margin.

For one to take a particular action, one has to consider the benefits and costs that are involved and then see if the benefits outweigh the costs before the final decision is made.

Since her pool sessions are helping her swim more quickly, Poornima plans to reduce by 1 hour per week the time she spends training on the bike and increase by 1 hour the time she spends in the swimming pool.

This means the extra time allocated to swimming is beneficial and the basic principle of individual choice that Maria illustrate is that many decisions are made on the margin.

4 0
1 year ago
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