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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.

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Delta Diamonds had 5 one-carat diamonds available for sale this year: 1 purchased June 1 for $500, 2 purchased July 9 for $550 e

NISA [10]

Using a periodic specific identification, Delta Diamonds' Inventory after the December 24 sale is <u>$2,250</u>.

<h3>What is the specific identification method?</h3>

The specific identification method is an inventory method that identifies specific inventories sold and uses their specific costs in valuing the cost of goods sold.

<h3>Data and Calculations:</h3>

Date Units Unit Cost Total Balance

June 1 1 $500 $500 $500

July 9 2 $550 $1,100 $1,600

Sept. 23 2 $600 $1,200 $2,800

Dec. 24 -1 $550 $550 $2,250

Thus, using a periodic specific identification, Delta Diamonds' Inventory after the December 24 sale is <u>$2,250</u>.

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2 years ago

Abburi company's manufacturing overhead is 60% of its total conversion costs. If direct labor is $40,000 and if direct materials

yKpoI14uk [10]

<u>Calculation of Abburi Company’s manufacturing overhead:</u>

It is given that company's manufacturing overhead is 60% of its total conversion costs. And Conversion cost is a sum of Direct Material and Direct Labor costs. Hence we can say that:

Manufacturing overhead = (Direct Material + Direct Labor Costs)*60%

= (26600+40000)*+60%

= 39960

Hence, Abburi Company’s manufacturing overhead is<u> $39,960</u>

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3 years ago

In a society with a command economy, who answers the basic economic questions?

anzhelika [568]

The leader answers all questions

5 0

4 years ago

Ricardo is sure he has what it takes to succeed in the food business, but because he lacks management experience, he wants one t

Gala2k [10]

The answer is: A. subway

When we buy a franchise , we are required to follow the business format that already proven by the franchise owners.

If you want to be in a food business but lack management training, opening a franchise such as subway might be the best solution since they would train both you and the workers that you hire to uphold the standard that have been implemented by the franchise owners.

From this, Ricardo could learn about the business tactics that are proven to work in the market before opening his own brand.

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3 years ago

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Crowdsourcing tools and question-and-answer sites like _____ allow firms to reach out for expertise beyond their organizations.

Bingel [31]

Crowdsourcing tools and question-and-answer sites like Quora allow firms to reach out for expertise beyond their organizations.

<h3>What are crowdsourcing tools?</h3>

The term crowdsourcing is known to be the act of changing or turning to a body of people to get the needed knowledge, as well as goods or services.

Its types includes;

Crowd Voting
Crowd Funding

Therefore, Crowdsourcing tools and question-and-answer sites like Quora allow firms to reach out for expertise beyond their organizations.

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brainly.com/question/14490967

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2 years ago