35. Mo Compony hod 15.000 units of produci A on hond d Jonuory 1. 2A21, Costing P21 ecch. Puchoses of product A duingthe month of Jonuary were os idlovs: Units 2.000 25,000 10.000 Unit Cost Jonuory 10 18 22 23 28 24 A physico count on Jonugy 31, 2001 shows 25000 units of product A on hond. The cost of thelnventcry at January 31, 2021 under the RF0 meihod is O. 585.000 b. 555,000 C 535.000 d. 525,000

Q: What are some management techniques in cost management

A: Cost Management refers to the practice of estimating, recording and closely the monitoring the costs…

Q: Distinguish between Period cost and Product cost? Give two examples of each cos

A: Classification of costs on the basis of functions:- 1. Product Cost 2. Period Cost

Q: Define sales journal.

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: 6. What the effect of JIT Systems on Product Costing?

A: Just-in-time, or JIT, is a technique of inventory management or control in which labor, materials,…

Q: The following information is for Lawrence company, who uses the LIFO method

A: PLEASE LIKE THE ANSWER, YOUR RESPONSE MATTERS    Inventory valuation using Lower of Cost or…

Q: Branding may include O a. the brand name. O b. the brand mark. O c. the trade mark. d. All of the…

A: Brand and its features What does branding include

Q: The cost driver for demand creation activity is: a. Value of materials stored b. Number of orders c.…

A: Cost driver: A cost driver is the root  cause of a cost  and total cost is incurred by its effect.

Q: Define product cost

A: Direct costs is referred to as the cost which can be traceable to a product directly. Example,…

Q: "Standard costing improves the control function" comment

A: Standard costing is one of the technique of accounting.  Standard costing is the method which…

Q: ustomizing cost

A: Cost accounting is one of the accounting system that is used by the businesses. The main purpose of…

Q: Assign costs to unitsusing the FIFO method.

A: FIFO Method:   It is a method of inventory costing where the inventory purchased first is the first…

Q: xplain How Each Stage Of Logisti ected By The Microchip Shortage

A: In the time of COVID. The culprit is a worldwiide shortage of computer chips. This latest…

Q: Define the term service company.

A: A service company is a business that generates income by providing services instead of selling…

Q: Starr Cost c

A: Earning per share indicates the per share income of the share holder.It can be calculated by the…

Q: the examples of

A: Answer

Q: Explain the features ofa corporation

A: Corporation: A corporation is a form of business entity that is incorporated through the state…

Q: Define cost structure.

A: Cost: The amount paid to purchase the asset, install it, and put it into operations, is referred to…

Q: Define dealer market

A: Answer: Usually, secondary market is a place in which investor will buy and sell securities between…

Q: In Cost accounting the main emphasis is on ?

A: Cost accounting is the classification, documentation, and appropriate distribution of expenditure…

Q: Explain unit sales.

A: Sales: Sales means the goods and services sold by one company to their customers for a period.

Q: Define commercial paper.

A: A commercial paper is the debt instrument which helps in raising the funds. The commercial papers…

Q: Which one of the following is another name for product costs? Select one: a. Direct costs b. Period…

A: Product cost means the cost of producing one unit of finished goods.

Q: Define unit costs.

A: Unit cost is the cost incurred by the company in the production, storage and selling of one unit of…

Q: What are the stages in Product Life Cycle (PLC) of an product and define skimmimg pricing strategy.

A: Product life cycle defines the stages of an product with its various phases. Skimming is an pricing…

Q: The product cost  period cost  opertunity cost

A: Solution:- 1)Calculation of product cost as follows under:- Product cost means costs incurred to…

Q: Describe how changes in the demand, ordering cost,or holding cost affect the EOQ.

A: Conceptual base- Economic Order Quantity (EOQ) is the order quantity that minimizes total inventory…

Q: A transfer of a particular cost from one cost to another

A: Yes, We can transfer of a particular cost from one cost to another.

Q: Define cost management.

A: Cost management is the process of planning and controlling costs in the right direction so that over…