Discuss the accounting treatment of spoilage in a job-order costing system
If the spoilage is common to all jobs, is normal, and can be estimated, the net cost is applied to production using a predetermined overhead rate that was set by including the spoilage estimate in estimated overhead. If spoilage pertains to a particular job and is normal, the disposal value of the spoiled goods should be removed from that particular job. If the spoilage is abnormal, the net cost should be charged to a loss account and credited to the particular Work in Process job that created the spoilage.
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This question has two parts; be sure to answer both. First, what is the purpose of incentive plans? List the five keys to a successful incentive-pay plan. Second, imagine that you are the manager of a beauty salon that styles men's and women's hair, and also provides many other personal services, such as manicures, pedicures, and makeovers. What types of incentives might you give to your hair stylists to reward them for bringing in new customers? Give at least two specific examples of incentives at the beauty salon that are tied to realistic goals.
What will be an ideal response?
What is one of the most widely recognized corporate symbols in the world?
What will be an ideal response?
Attributes or benefits that customers strongly associate with a brand, that they feel are favorable,
and that make the brand unique or special are known as ________. A) points of difference B) pivot points C) basis points D) points of parity
The holder of a(n) ________ has the exclusive right to produce, sell, and use a product, process, invention, or machine for 20 years
A) trade secret B) industrial design right C) patent D) certification mark