Answered: 6. Which of the following is a…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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4 Human resource management is an example of an activity at which of the following levels? Select one: a. Unit-level activity. b. Batch-level activity. c. Product-level activity. d. Organization-sustaining activity.
8 Setting up equipment is an example of an activity at which of the following levels? Select one: a. Organization-sustaining activity. b. Unit-level activity. c. Product-level activity. d. Batch-level activity.
– Based on the assignment and what you know about managementaccounting, what do you believe is the purpose of a cost element? - What is one advantage of creating a vendor master record?
assess if task costing or process costing would be a more suitable method of accounting. • *An assisted-living facility* Landscape design and maintenance services
which of the following is the best example of a unit-level activity? 1.Painting a final product 2.Human resources 3.Product testing 4. none
Which of the following is a facility-level activity? O Engineering changes O Product design O Property taxes ○ Inspection
What is the proper order of tasks in an ABC system? a.identify the cost pools, identify the cost drivers, calculate the overhead application rate for each cost pool, assign the costs to the products b.assign the costs to the products, identify the cost drivers, calculate the overhead application rate for each cost pool, identify the cost pools c.identify the cost drivers, identify the cost pools, calculate the overhead application rate for each cost pool, assign the costs to the products d.identify the cost drivers, assign the costs to the products, calculate the overhead application rate for each cost pool, identify the cost pools
Which one of the following is not an example of a support department? Select one: a. Human resources b. Fabricating c. Information technology d. General factory
On January 1, 2025, Blossom Company has the following defined benefit pension plan balances. Projected benefit obligation $4,454,000 Fair value of plan assets 4,140,000 The interest (settlement) rate applicable to the plan is 10%. On January 1, 2026, the company amends its pension agreement so that prior service costs of $509,000 are created. Other data related to the pension plan are as follows. 2025 2026 Service cost $149,000 $177,000 Prior service cost amortization -0- 92,000 Contributions (funding) to the plan 237,000 283,000 Benefits paid 196,000 274,000 Actual return on plan assets 248,400 260,000 Expected rate of return on assets 6% 8% (a) Prepare a pension worksheet for the pension plan for 2025 and 2026. (Enter all amounts as positive.) BLOSSOM COMPANY Pension Worksheet-2025 and 2026 General Journal Entries OCI-Prior Service Cost OCI-Gain/ Pel Loss
Identify and Classify the following activities as per their respective categories under Value Chain Analysis: 1.Communication, pricing and channel management 2.Installation, repairs and replacement 3.Planning and management 4.Inputs in to final product
In a two-stage activity-based costing model, stage one involves Select one: O O A. assigning activity costs to cost objects. B. assigning indirect resource costs to activity pools. C. measuring the various indirect resource costs and determining resource drivers. D. assigning direct costs to cost objects.
8. Which of the following is a non-value-added activity? Group of answer choices Inspection Engineering design. Rework. Machining.

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6. Which of the following is a value-added activity? Group of answer choices Engineering design. Inventory storage. Machinery repair. Machine set-up