BUSINESS HIGH SCHOOL

Which of the following costs should not be included in product costs for internal management reports that are used for decision-making? A) Costs of unit-level activities. B) Costs of batch-level activities. C) Costs of product-level activities.D) Costs of organization-sustaining activities.

Answers

Answer 1
Answer:

Answer:

D. Costs of Organisation Sustaining activities

Explanation:

Product costs simply represents costs that relevant or incurrred during the creation of a product and specifically these costs include apportioned factory overhead, direct materials, direct labour and direct production supplies.

One simple way of understanding product costs is that it represents those costs incurred that can be apportioned or traced to specific production processes at: the unit level, batch level or the product level of production activities.

Cost of Organization-sustaining activities is not a part of these product specific costs because they represent activity costs that benefits an entire organisation but cannot be traced to any specific production process or activity. Example of this cost includes the cost of Corporate Social Responsibility to a particular community or the cost of financial statements preparation. As such these costs must not be included in preparing product costs fo internal management reports.


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HIGH SCHOOL

True or false: if you wanted to create a poster that displayed exactly the same information, and could be reproduced in thousands of copies, monoprinting would be a good process to use.

Answers

The above statement is false.
if you wanted to create a poster that displayed exactly the same information, and could be reproduced in thousands of copies, mono-printing would not be a good process to use because in mono-printing, there is a print of a unique image and printed only once.
There are many printing methods used for printing posters.
HIGH SCHOOL

Mary's home is in a state that has a $30,000 homestead exemption. Mary defaults on a $60,000 debt that she owes to Nina. Mary's home is sold at auction for $80,000. If Nina recovers less than she is owed, she can realize the difference from

Answers

Answer:

only nonexempt property that Mary owns

Explanation:

If Mary's home is sold at auction for $80,000, Mary will receive $30,000 (equal to homestead exemption) and Nina will receive the remaining $50,000. Since Nina is receiving less money than she is owed by Mary, the only way she can recover some more money is from suing for other nonexempt property that Mary may own.

COLLEGE

Last year, a barber shop generated $100,000 in profit. Assume that the shop's profits grow at 5% per year and that cash flows are discounted at 10% per year. If profits are received at the end of each year, what is the present value of all the shop's future profits?

Answers

Answer:

$2,100,000

Explanation:

Given:

Profit generated = $100,000

Profit growth rate = 5% per year

Discount rate = 10% per year

Now,

The present value of the future profit can be calculated using the formula as:

Present value =

or

Present value =

or

Present value = $2,100,000

The present value of all the shop's future profits will be $2,100,000

HIGH SCHOOL

An organization shifts its budget from a few, large projects to accommodate a number of smaller projects every year. It also decentralizes power and gives additional responsibilities to individual project managers. This is an example of the use of _____ control. A. physicalB. informationC. structuralD. financialE. ​screening

Answers

The given excerpt is an example of structural control.

Option C

Explanation:

The operation that is more associated with the way the elements of the structure of a firm or organization are serving or performing their planned purpose is called as the structural control.

Here the firm brings changes like shifting the budget from large to small projects and decentralizing the power and delegating the additional responsibilities to project managers individually. From this, it can be inferred that the organization makes some changes in the structure for convenience and effective results or productivity.

Structural changes include the following

  • Chain of command
  • Hierarchy of the organization
  • Job structure
  • Administrative procedures
  • Management systems

Changes in the market, Policy or process changes, job duplication or acquisitions, and mergers would likely result in the structural changes of an organization.

So, it can be concluded that the type of change that happened in the given organization is a structural change.

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