1. Why is job costing not appropriate to a process such as whiskey production? 2. Do you...

Question:

1. Why is job costing not appropriate to a process such as whiskey production?
2. Do you think losses of spirit might occur during the maturation process?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Management and Cost Accounting

ISBN: 978-1473748873

10th edition

Authors: Colin Drury

See More Books

Question Posted: Jul 09, 2018 06:26 AM

See More Questions

AOZT Volzhskije Motory of St. Petersburg, Russia, makes marine motors for vessels ranging in size from harbor tugs to open-water icebreakers. (The Russian currency is the ruble, which is denoted by...
Kenworth Company uses a job-order costing system. Only three jobsJob 105, Job 106, and Job 107were worked on during November and December. Job 105 was completed on December 10; the other two jobs...
Kenworth Company uses a job-order costing system. Only three jobs-Job 105, Job 106, and Job 107- were worked on during November and December. Job 105 was completed on December 10; the other two jobs...
Dodona I, LLC, invested $ 4 million in two securities offerings from Goldman, Sachs & Co. The investments were in collat-eralized debt obligations ( CDOs). Their value depended on residential...
Use market for loanable funds approach that we developed in class to explain what happens to national saving, private saving, private investment spending, and the rate of interest if the following...
Danni, the drinks seller, buys a fridge costing 630 that is expected to be used by the business for three years, at the end of which time it is estimated that it will be worth approximately 30, known...
Event B: rolling a 10
The Pullman Company has a lot of pull in the town of Pullman. Everybody in town is identical, and they all work for the company, which pays them each $10 a day. Their favorite food is apples, which...
Learning Lab Inc. sells educational software costing $150 for $500 on account. What journal entry does the company record for this transaction? Include all parts of the journal entry in your answer....
The following information is available for Quality Book Sales's sales on account and accounts receivable: Accounts Receivable Balance, January 1, 2018..............................$ 78,500 Allowance...
1. Do you think waste which is regarded as normal in a process should remain unchallenged? 2. How would you value waste in the UHT milk production described above?
1. When does the product materialize in the brewing process described above? 2. Would you imagine there is any waste in the brewing process?
Describe how external environmental drivers influence the organizational design decision.
Year 5% 6% 4 3.546 3.465 5 7% 3.387 3.312 4.329 4.212 4.100 8% 3.993 5.076 4.917 4.767 4.623 Present Value of an Annuity of $1 at Compound Interest 9% 10% 11% 12% 13% 14% 15% 3.240 3.170 3.102 3.037...
2. Determine the overturning stability of the cantilever retaining wall shown. The equivalent fluid density is 5.5 kN/m, soil density is 18 kN/m, and the concrete weighs 23.5 kN/m. (5 pts) 2 m 2 m 2...
A. For a certain two-dimensional, incompressible flow field the velocity component in the y direction is given by v = 3xy + xy 1. (05 pts) Short answer, what is the condition for this flow field to...
Cho0se a hazardous material to cr3ate a pr3sentation on (i.e. sulfuric acid, explosives, used needles, there are many types of hazardous materials) Cr3ate a presentation (P0werPoint, Open0ffice...
If det [a b] = c d 2 -2 0 a. det c+1 -1 2a d-2 2 2b -2 calculate:
Without reference to the text, write symbolic expressions for the conservation of energy (the first law of thermodynamics) for a system, for the following conditions: A. A change from state 1 to...
Heineken N.V., a global brewer based in the Netherlands, reports the following balance sheet accounts for the year ended December 31, 2016 (euros in millions). Prepare the balance sheet for this...
French Ltd is about to commence operations utilizing a simple production process to produce two products X and Y. It is the policy of French to operate the new factory at its maximum output in the...
AB plc makes two products, Alpha and Beta. The company made a 500 000 profit last year and proposes an identical plan for the coming year. The relevant data for last year are summarized in Table 1....
Nuts plc produces alpha and beta in two stages. The separation process produces crude alpha and beta from a raw material costing 170 per tonne. The cost of the separation process is 100 per tonne of...
Suppose I have computed the cost of carbon per mile for my car at 0 . 0 1 2 per mile. Assume that the interest rate is 4 % and that I drive the car 2 8 , 0 0 0 miles per year. What is the present...
Imagine that in stable growth period, the firm earns ROIC of 10% and has after tax EBIT of 200 and reinvestment $ of 40. What is the steady state growth rate? 20% O 10% 2%
Tanner-UNF Corporation acquired as a long-term investment $160 million of 5.0% bonds, dated July 1, on July 1, 2021. Company management has the positive intent and ability to hold the bonds until...

1. Why is job costing not appropriate to a process such as whiskey production? 2. Do you...

Question:

Step by Step Answer:

1 As described above the making of whiskey is a process and t...View the full answer

Management and Cost Accounting

Students also viewed these Business questions