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2 years ago

When using absorption costing when production is greater than sales, a portion of fixed overhead is allocated to?

1 answer:

8 0

When using absorption costing when production is greater than sales, a portion of fixed overhead is allocated to ending inventory.

Production is the process of combining diverse material and immaterial inputs to create a consumable good or service. It is the process of producing something of worth, goods, or assistance that benefits a person.

Manufacturing is the process of creating items or goods out of components or raw materials. To put it another way, manufacturing employs inputs to produce outputs fit for consumption, i.e., things or products that are valuable to the consumer or end-user. The creation of furniture is an illustration of production. Harvesting corn for food is an illustration of production. Corn production is an illustration of production.

To know more about Production refer to: brainly.com/question/14293417

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Consumers will willingly make less-informed decisions: a. if information costs are less than the perceived benefits of gatheri

ikadub [295]

Answer:

The correct answer is option d.

Explanation:

In a perfectly competitive market, it is assumed that the buyers and sellers have perfect information and take their economic decisions accordingly. But in reality, buyers and sellers do not have perfect information.

Information comes at a cost, which can sometimes be high. The rational decisions of the consumers without full information can lead to irrational outcomes.

If the cost of gathering information is less than or equal to the benefit earned from the information, the consumers will gather information and make fully informed decisions.

But if the cost is higher than the benefits, the consumers will not gather information and make a less informed decision.

7 0

3 years ago

Samson Corporation sold the following during the year: Two delivery trucks purchased in March 2016 for $78,000 are sold in June

Marta_Voda [28]

Answer:

Truck = Short term capital loss of $8,000

Land = Long term capital gain of $320,000

Machine = Long term capital loss of $125,000

Building = Long term capital gain of $125,000

Net effect Long term capital gain of $125,000

And Short Term Capital Loss of $8,000

Explanation:

As for the provided information we have,

Sale of Trucks within a few months, as purchased in March and sold in June, therefore,

Sale price - Carrying value = $70,000 - $78,000 = -$8,000

Therefore, it is short term capital loss

Sale of land which is 5 years old, therefore, it will be long term.

Sales price - Carrying value = $400,000 - $80,000 = $320,000

Long term capital gain = $320,000

Machines are old and now depreciated, thus it will be long term

Sale price - carrying value = $75,000 - $200,000 = - $125,000 Long term capital loss

Building purchased 8 years ago will be long term in nature, therefore,

Sale price - carrying adjusted basis = $425,000 - $300,000 = $125,000 Long term capital gain.

Final Answer

Truck = Short term capital loss of $8,000

Land = Long term capital gain of $320,000

Machine = Long term capital loss of $125,000

Building = Long term capital gain of $125,000

Net effect Long term capital gain of $125,000

And Short Term Capital Loss of $8,000

7 0

3 years ago

ane is planning to offer a Groupon for inner tube rentals that she will distribute on hot, sunny, summer days by the river that

sweet [91]

Probability assigned:|

x 30 60 120 180

P(x) .10 .40 .40 .10

Answer:

Jane

Price of Groupon for a revenue of $300 is:

Explanation:

a) Data and Calculations:

Expected Sales volume:

Number of Tubes x 30 60 120 180

Probability P(x) .10 .40 .40 .10

Expected values 3 24 48 18

Total = 93 tubes

Groupon price = $300/93 = $3.23

b) Jane's price for each Groupon will be the rent revenue per day divided by the expected number of tubes to rent daily. The expected number of tubes is derived by multiplying each expected number of tubes by its probability and then summing up the results.

6 0

3 years ago

What does the concept of limited liability posits?

Maksim231197 [3]

Answer:

see below

Explanation:

The concept of limited liability is a confirmation that a corporation's assets are liabilities are distinct from those of shareholders. The concepts safeguard the shareholder's private properties should a business fail to meet its obligations.

Limited liability states that the liabilities of a shareholder is limited to the extent of his capital contribution. If the event of a dissolution, a shareholder's losses are capped to the share contribution. Their personal properties cannot be used to pay business debts should the business's assets be inadequate.

3 0

3 years ago

True or false? The best way to choose the right social media tool is to think about your business goals, then narrow down your c

DaniilM [7]

Don't completely understand the question, but i'm pretty sure it's TRUE. I think thi sbecause you shoul dalways think about what you are going to post or say because once you do it is there forever. Even if you delete a tweet someone most likely screenshotted it or saved it and could have sent it to countless people for all you know... again not sure if this helped or not, but good luck

4 0

4 years ago