Ask Question
BusinessBusiness
12 November, 15:52

Which of the following does NOT belong to holding costs? A. order processing B. storage costs C. pilferage, scrap, and obsolescence D. insurance on inventory

+1
Answers (1)
  1. 12 November, 17:10
    0
    A) Order processing

    Explanation:

    Holding costs are costs that result from keeping inventory in storage. In this case, order processing is related to sales, and sales mean more inventory turnover, exactly the opposite to inventory accumulation.

    The other costs described in the question are holding costs: storage costs is self-explanatory, most likely being rent. Pilferage, scrap and obsolescence costs result from inventory depreciation, and insurance is paid to protect the firm's inventory from a hazard such as fire or robbery.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of the following does NOT belong to holding costs? A. order processing B. storage costs C. pilferage, scrap, and obsolescence D. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Isabel, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. In late December she received a $38,000 bill from her accountant for consulting services related to her small business.
Answers (1)
Riley operates a plumbing business and this year the 3-year old van he used in the business was destroyed in a traffic accident. The van was originally purchased for $20,000 and the adjusted basis was $5,800 at the time of the accident.
Answers (1)
Using the normalized relation notation, an attribute of a relation which is the primary key of another relation is indicated by: A. a dashed underline. B. a double-lined ellipse C. a circle. D. italics. E. an underline.
Answers (1)
Suppose the current equilibrium wage rate for housekeepers is​ $8.60 per hour. an increase in the minimum wage to​ $7.50 per hour leads to
Answers (1)
Suppose that the total benefit to any one person (all people are identical) of a fireworks display is, where g is the dollar amount of fireworks (thus the marginal cost of $1 worth of fireworks is $1).
Answers (1)
New Questions in Business
It is difficult to imitate a distinctive competence because: a. its nature might not be understood by competing firms. b. its application will lead to competitive parity. c. it might not be applicable to a competing firms' products. d.
Answers (1)
Palmer Music manufactures and sells MP3 players and sound systems that include a 180-day warranty on product defects. The company also sells 2-year extended warranties.
Answers (2)
Keithomp, a company that manufactures and exports candies, sells different flavors of candy depending on the taste preferences of the country that it supplies to.
Answers (1)
Kane Company's employees earn vacation time at the rate of 1 hour per 40-hour work period. The vacation pay vests immediately (that is, an employee is entitled to the pay even if employment terminates).
Answers (1)
Digg Co. installs a manufacturing machine in its factory at the beginning of the year at a cost of $36,000. The machine's useful life is estimated at 10 years, or 300,000 units of product, with a $6,000 salvage value.
Answers (1)
Home » Business » Which of the following does NOT belong to holding costs? A. order processing B. storage costs C. pilferage, scrap, and obsolescence D. insurance on inventory
Sign Up Forgot Password?