Why would the manager of a service company need to use job order costing?
What will be an ideal response
Service companies, like manufacturing companies, work on individual, unique jobs and need to know the cost of the jobs. Knowing the full cost of a job allows for better pricing decisions.
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Use the following data: Asset cost $80,000 Expected life 3 years Estimated salvage value $7,000 Using the declining-balance method, the amount of depreciation for the first year would be
a. $26,666.67. b. $24,333.33. c. $53,333.33. d. $48,666.67.
Cost and price information are irrelevant to transfer prices
Indicate whether the statement is true or false
In STS, which two systems are focused heavily on?
a. social and technological b. social and environmental c. technological and environmental d. environmental and cultural
How many countries currently belong to the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards?
A) 34 B) 47 C) 73 D) 112