Answer:
Aston has given the information required to meet division profit objective. Increasing the profit objective is common goal of every manager. Here manager wanted to meet profit objective by minimising fixed cost which is not wrong motive. Whether the excess production can be sold in the market. If there is a chance to sell, more production can be made.
Absorption costing means that all of manufacturing costs are absorbed by units produced. It calculates every cost on no. of units produced but it does not mean to increase production only in order to match income objective or to reach this goal instead of fact that inventory remains at end, and sale of that increased production does not take place and income objective met because of the lower cost per unit.
Answer:
Jan 15 Land $45,000 Dr
Building $95,000 Dr
Common Stock at par $100,000 Cr
Paid in Capital in Excess
of Par, Common Stock $40,000 Cr
Explanation:
The assets are recognized by a company at the market value on the day of transaction. The market value of land and building was $140,000 (45000 + 95000). Thus, the stock issued against these assets was issued at $14 per share ($140000/10000) and a premium of $4 / share was received.
The Land is debited by $45000 and building by $95000 while we credit the common stock at par value $100000 and credit the premium $40000.
Answer:
a. Vendor billing is one of the steps.
c. Goods receipt is one of the steps
d. The send payment step involves creation of an FI document
Explanation:
The procurement includes the billing of the vendor, that is to negociate with suppliers for the price and accept the agrements made. Then we are going to receive the goods and check if they fulfil the quantity and quality requested.
Finally, the procurement department will pay the supplier. The FI document stands for the accounting entry to record transactions into the accounting
Answer:
The correct answer is option D.
Explanation:
Technological change refers to an improvement in the efficiency of a product such that the output level increases without an increase in input.
Here, the rearranging of layout and training of workers is technological change as they are likely to increase production without an increase in inputs.
Damages caused by a hurricane will reduce the output level, so it will not be classified as a technological change.
This is possible because both products have the same allocation of raw materials, costs, and labor. <span> There wouldn't be any conflict with the change. </span><span> In business, this is called joint product. </span><span>This has been a business practicality measure for better costs planning and production. </span>
