Question

In: Accounting

Short answer please. 1 Why do businesses use normal costing? 2. Why do we have to...

Short answer please.

1 Why do businesses use normal costing?

2. Why do we have to assess WIP differently for Job and Process Cost?

Solutions

Expert Solution


Related Solutions

Describe how delta hedging works. Short answer please. You have only six lines: 1- why do...
Describe how delta hedging works. Short answer please. You have only six lines: 1- why do traders do it, 2- what is it that they are basically betting on (spot, forward points, volatility, the passage of time)? 3- what exactly do they do?
Please do not use Excel to answer this. I need the computations as we are not...
Please do not use Excel to answer this. I need the computations as we are not allowed to use excel. Sequential Method Jasmine Company manufactures both pesticide and liquid fertilizer, with each product manufactured in separate departments. Three support departments support the production departments: Power, General Factory, and Purchasing. Budgeted data on the five departments are as follows: Support Departments Producing Departments Power General Factory Purchasing Pesticide Liquid Fertilizer Overhead $80,000 $312,000    $165,000    $78,500 $107,400 Square feet 1,500...
1. Describe "rms" in the context of an alternating current. Why do we use it? 2....
1. Describe "rms" in the context of an alternating current. Why do we use it? 2. How is it possible to create a circuit in which adding more resistors and rearranging them actually decreases the Equivalent Resistance? Please question 1 and 2 - thank you
ANSWER ANY 2 PLEASE. Q: Why do we spend so much time on internal control for...
ANSWER ANY 2 PLEASE. Q: Why do we spend so much time on internal control for cash receipts and disbursements? Shouldn’t we be just as concerned over other assets? Expenses? Revenue? Liabilities? Q: A grocery store decides to install a point-of-sale system that will allow the customer to use his or her ATM card to pay for merchandise at the checkout line. Previously, the grocery store has accepted only cash and checks as payment. Identify the control risk associated with...
SHORT ANSWER: Why do we divide by the standard error when computing a test statistic?
SHORT ANSWER: Why do we divide by the standard error when computing a test statistic?
Short Answer Question Please choose one of the theories or theory categories that we have discussed...
Short Answer Question Please choose one of the theories or theory categories that we have discussed so far (biological, behavioral, Tolman’s purposive behavior, expectancy value theory, or force field theory) and discuss how it could be used to motivate someone. Please be sure to write at least three sentences.
1) what is a diffraction grating 2) why do we use "discharge tube" to perform the...
1) what is a diffraction grating 2) why do we use "discharge tube" to perform the experiment instead of a light bulb 3)If "d " is the grating constant (spacing in between two slits on a grating), hoe can we obtain the ruling (number of grooves per meter) "D"? 4) Define " order of diffraction" and illustrate it using a drawing
why do we use complete induction and why do we use structual induction? When should we...
why do we use complete induction and why do we use structual induction? When should we use complete or structual?
Why do we use fallacy??
Why do we use fallacy??
1) What is the debt limit and why do we have one? 2) Does raising the...
1) What is the debt limit and why do we have one? 2) Does raising the debt limit allow the government to spend more money? 3) What happens when the Treasury hits the debt ceiling? 4) Why is raising the debt ceiling so controversial? 5) What happens if congress doesn't act? 6) What are the dangers of rising national debt? 7) Has the debt ceiling ever been reduced? 8) Should Congress keep expanding the debt ceiling? Why/why not?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT