Answer:
It is TRUE that a flour manufacturer is more likely to use process costing than job-order costing whereas a manufacturer of customized leather jackets is more likely to use job-order costing than a process costing.
Explanation:
This is because typically, a Job-order costing process is best suited for a production system whereby there are several different products or services and. And these products are tailored to individual consumers or customer specifications.
On the other hand, process costing is a form of cost that is best suited for manufacturing homogenous products and can be produced massively. Hence, flour manufacturer in the uses Process costing while customized leather Jacket producers would opt for Job order costing process
Division of lab our is the same thing as Specialization.
U.S. investors. these securities are created to facilitate foreign funding in U.S. companies. those securities are created to attract a U.S. investor base.
Foreign Direct funding (FDI) is a monetary time period used to explain when corporations from abroad (“international groups”) build facilities, buy equipment, lease people and create products and services in the U.S.A.
Foreign direct funding (FDI) is when an investor becomes a full-size or lasting investor in a commercial enterprise or company in another country, which may be a lift to the worldwide financial system.
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Customer lifetime value basically describes the net present value of the stream of future profits expected over the customer's lifetime purchases.
<h3>
What is Customer lifetime value?</h3>
Customer lifetime value can likewise be characterized as the financial value of a customer relationship, in light of the current value of the extended future incomes from the customer relationship.
The motivation behind the customer lifetime value metric is to evaluate the monetary value of every customer. Wear Peppers and Martha Rogers are cited as saying, "a few customers are more equivalent than others."
Customer lifetime value varies from customer benefit or CP (the contrast between the incomes and the expenses related with the customer relationship during a predetermined period) in that CP estimates the past.
Therefore it is the Customer lifetime value which denotes the net value for future profits.
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Answer: The actual cost of materials was less than the standard cost
Explanation:
Net materials cost variance = Favorable materials price variance + Favorable materials quantity variance
= 380 + (-120 unfavorable)
= 380 - 120
= $260 favorable
<em>As the materials cost variance is favorable, it means that the actual cost of materials was less than what was budgeted for it or rather its standard cost. </em>