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2 years ago

When sales exceed production, the net operating income reported under variable costing generally will be:_____.

1 answer:

6 0

When sales exceed production, the net operating income reported under variable costing generally will be greater than the net operating income reported under absorption costing.

Under variable costing, constant manufacturing overhead fee is handled as product cost. If the range of devices produced exceeds the range of gadgets sold, then net operating income under absorption costing will: be extra than net operating earnings underneath variable costing.

Variable costing is a concept used in managerial and cost accounting wherein the fixed production overhead is excluded from the product price of manufacturing. The technique contrasts with absorption costing, in which the fixed manufacturing overhead is allotted to products produced.

Absorption costing, once in a while known as “full costing,” is a managerial accounting technique for taking pictures of all prices associated with manufacturing a selected product. The direct and oblique costs, together with direct substances, direct exertions, leases, and insurance, are accounted for with the aid of the use of this method.

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Freida Farmer, 78 years young, from Karnak, IL has the winning Powerball lottery numbers which will pay out $7 million at the be

emmasim [6.3K]

Answer:

6.218%

Explanation:

we can use the present value of an annuity due formula:

present value = annual payment x annuity due factor

present value = 100
annual payment = 7
PV annuity due factor, %, 30 periods = ?

100 = 7 x annuity factor

annuity factor = 100 / 7 = 14.28571429 ≈ 14.286

using an annuity calculator, the interest rate for a PV annuity factor, 30 periods and equal to 14.286 is 6.218%

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3 years ago

Answer the question on the basis of the following data for the hypothetical nations of Alpha and Beta. Qs is domestic quantity s

bezimeni [28]

Question Completion:

Domestic Market for Steel, Alpha

Qs P Qd

60 5 10

40 4 20

30 3 30

20 2 40

10 1 50

Domestic Market for Steel, Beta

Qs P Qd

80 5 20

70 4 30

60 3 40

50 2 50

40 1 60

Answer:

Assuming that Alpha and Beta are the only two nations in the world, at the equilibrium world price:

Beta will export steel and Alpha will import steel.

Explanation:

a) Data and Calculations:

Domestic and World Market for Steel

Alpha Beta World Market

Qs P Qd Qs P Qd Qs P Qd

60 5 10 80 5 20 140 5 30

40 4 20 70 4 30 110 4 50

30 3 30 60 3 40 90 3 70

25 2.50 35 55 2.50 45 80 2.50 80

20 2 40 50 2 50 70 2 90

10 1 50 40 1 60 50 1 110

b) In the world market, equilibrium will occur at a price of $2.50, when the quantity supplied and demanded will be 80. At this equilibrium price of $2.50, Alpha will supply 25 units, and Beta will supply 55 units. Alpha will demand 35 units, and Beta will demand 45 units. This implies that Beta will supply more than its demand for steel, while Alpha will supply less. Therefore, Beta will export steel and Alpha will import steel.

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4 years ago

Many managers describe performance appraisal as the responsibility that they like least. Why is this so? What could be done to i

rusak2 [61]

Answer:

Performance appraisal is by its very nature subjective. To improve the situation, as much as it is possible, objectivity should be allowed to rule all appraisal processes.

Explanation:

Performance appraisal is the formal evaluation of employees by their managers for the purpose of aligning employees' performance to the achievement of corporate objectives. To achieve goal congruence between employees who have different objectives for their work and the organization which wants to achieve profit and other corporate goals, performance appraisals are carried out periodically. However, the process has been marred by manager's bias, incompetence, and other problems.

4 0

3 years ago

Haberdashery Company has a beginning Work-in-Process Inventory of 39,000 units (40% complete). During the period, 124,000 units

klasskru [66]

Answer:

156,200 equivalent units

Explanation:

Equivalent units are notional whole units which represent incomplete work and are used to apportion production costs between work in progress and finished work.

Equivalent Units = Degree of work done × units of inventory

There are two (2) methods to compute equivalent units

First in First Out
Weighted Average method

Weighted average method

Under this method, to account for completed units , no distinction is made between work started in previous period and those started this period. It is assumed that for all completed units, 100% of the work required was done in the current period.

We can work out the Equivalent units for Haberdashery Company as follows:

Items Units Workings Equivalent units

Completed units 129,000 100% × 129,000 = 129,000

Closing WIP 34,000 80% × 34000 = 27,200

Total equivalent units 156,200

Note the completed units = opening inventory + newly introduced units - closing inventory

Completed units= 39,000 + 124,000 - 34,000

= 129,000 units.

Equivalent units for conversion cost = 129,000 +27,200 = 156,200 units

3 0

3 years ago

Which term refers to a purposeful activity that leads to action, improvement of practice, and better client outcomes?

Stels [109]

Answer: Critical thinking

Explanation: Critical thinking can be defined as the analysis of complex subject matters of the business. Critical thinking helps in betterment of business operations and lead to better client outcomes.

Critical thinking process is performed by the top level management with the intent of making decision that could affect the business overall.

8 0

3 years ago

Read 2 more answers