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1 year ago

The cost object(s) of the activity-based costing method is(are)?

Business

1 answer:

Lorico [155]1 year ago

4 0

Answer: The production activities in the first stage and the unit of product in the second stage.

Explanation:

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In determining the fair value of an asset or liability, would the fair value of the asset or the fair value of the liability be

padilas [110]

In determining the fair value of the asset or liability the exit price should be used. A fair price means the price that the asset or liability would get when sold in the market. So, the pair price will be determined by calculating the market price of such goods or liabilities or at what rate these goods or liabilities will be sold in the market.

The entry price would not be the correct price as the asset or liability may have been bought by the company many years ago. So based on this, the price of these assets would have increased as in the case. Sometimes the prices of these assets would have also decreased. The same reason is applicable to liabilities also.

This is known as the appreciation and depreciation of assets and liabilities. So to remove the effect of this the fair value will be based only on the exit price.

1. Learn more about fair value here:

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2. Learn more about market price here:

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1 year ago

UP Forklifts sells two products, large forklifts and small forklifts. A large forklift sells for $ 80 comma 000 per unit with v

svlad2 [7]

Answer:

Break-even point (units)= 90 units

Explanation:

Giving the following information:

Large forklift:

Selling price= $80,000 per unit

Unitary variable cost= $26,000 per unit.

Small forklifts:

Selling price= $60,000 per unit

Unitary variable cost= $12,000 per unit.

Total fixed costs for the company are $4,455,000.

Sales proportion:

Large forklift= 0.25

Small forklift= 0.75

To calculate the break-even point in units, we need to use the following formula:

Break-even point (units)= Total fixed costs / Weighted average contribution margin

Weighted average contribution margin= (weighted average selling price - weighted average unitary variable cost)

Weighted average contribution margin= (0.25*80,000 + 0.75*60,000) - (0.25*26,000 + 0.75*12,000)

Weighted average contribution margin= 65,000 - 15,500= 49,500

Break-even point (units)= 4,455,000/ 49,500

Break-even point (units)= 90 units

5 0

3 years ago

Plumlee Corporation has the following account balances at December 31, 2017.

NISA [10]

Answer and Explanation:

Please find answer and explanation attached

6 0

2 years ago

Activities A, B, and C are part of the same project. Activity A is worth $200, is 100% complete, and actually cost $200. Activit

kobusy [5.1K]

Answer:

Cost Variance (CV) for the project is negative $77.5

Explanation:

The total amount budget for all 3 activities = Activity A worth $200 + Activity B worth $75 + Activity C worth $200 = $475

The total value completed = activities cost x % complete = $200*100% + $75*90% + $200*75% = $417.5

The actual cost till now = $200 + $120 + $175 = $495

The cost variance = The total value completed - The actual cost till now = $417.5 - $495 = ($77.5)

6 0

3 years ago

This type of data display are excellent ways to organize and categorize data and can be useful to examine the detail of a specif

galben [10]

Answer:

C : Tables

Explanation:

Tables represent the simplest way to organize data to display details of specific contents. In tables data is represented in rows and columns. Rows represent each data or data category. Columns are used for displaying features of each data, like sex, age, income level, etc.

8 0

3 years ago