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2 years ago

The activity measure selected for use in a variable- and fixed-overhead flexible budget?

1 answer:

8 0

The activity measure selected for use in a variable- and fixed-overhead flexible budget should vary in a similar behavior pattern to the way that variable overhead varies.

A budget is “a financial plan, usually expressed in terms of money and

divided into periods.

A flexible budget also known as a variable budget, is a budget that

adjusts for changes in sales volume and other cost-driver activities.

A flexible budget is ‘a budget containing alternative provisions based on

varying rates of production or other measures of activity.’

It is a budget which is subject to change as operations proceed.

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During April, the first production department of a process manufacturing system completed its work on 300,000 units of a product

velikii [3]

Answer and Explanation:

According to the scenario, computation of the given data are as follow:-

Equivalent Units of Production-FIFO Method

Particular units Material (%) Conversion (%) Material EUP Conversion EUP

Completed periods of beginning units 60,000 0.40 0.60 24,000 36,000

Started and completed units 240,000 100 100 240,000 240,000

Ending work in process units 82,000 0.80 0.30 65,600 24,600

Equivalent units of production 382,000 329,600 300,600

Particular Material cost Conversion cost

Total cost incurred $850,368 $649,296

Equivalent units of production 329,600 300,600

Cost per unit of production $2.58 $2.16

($850,368 ÷ 329,600) ($649,296 ÷ 300,600)

Total Costs for Accounts

Particular Amount ($)

Beginning period-conversion cost 48,594

Beginning period-Direct material cost 118,472

Current period-conversion cost 649,296

Current period-Direct material cost 850,368

Total costs for accounts 1,666,730

Assignment and Reconciliation Cost

Particular Per EUP cost ($) × Equivalent unit of production Total cost ($) Total amount ($)

Opening Inventory 167,066

To complete conversion 2.16 × 36,000 77,760

To complete materials 2.58 × 24,000 61,920

Complete units total cost +139,680

Total cost of 60,000 unit in opening inventory 306,746

Direct material cost 2.58 × 240,000 619,200

Conversion cost 2.16 × 240,000 518,400

Started and completed 240,000 units total cost +1,137,600

Transferred out Total cost of 300,000 units 1,444,346

Direct material cost 2.58 × 65,600 169,248

Conversion cost 2.16 × 24,600 53,136

In closing inventory Total cost of 82,000 units +222,384

Total assigned cost 16,66,730

6 0

3 years ago

When companies are trying to meet the shareholders' and general public's demands to act more ethically and environmentally respo

baherus [9]

Answer:

corporate social responsibility (CSR)

Explanation:

Social Responsibility is the interaction between business and the social environment in which it exists.

the Stakeholder Perspective to CSR is

Social Responsibility : which Relates to the obligation of business to society.

Ethics : Ethical issues are most relevant at an individual level, for ethics are maintained by people.

there are three perspective to corporate social responsibility, which include:

1. Economic Perspective : The responsibility of business is to make a profit within the “rules of the game.” Organizations cannot be moral agents: Only individuals can serve as moral agents.

2. Public Responsibility : Businesses should act in a way that is consistent with society’s view of responsible behavior, as well as with established laws and policies.

3. Social Responsiveness : Business should proactively seek to contribute to and improve society in a positive way.

7 0

4 years ago

In the context of the six sections of the Position Analysis Questionnaire (PAQ), _____ represent the reasoning, decision-making,

riadik2000 [5.3K]

Answer:

Option "B" is the correct answer to the following statement.

Explanation:

The mental process define many different innovative methods such as logical assignments to assign a Process for the job, by this they get Information regarding job .

In the Position Analysis method such as Question related to job small assignments , authorities try Innovative methods to find Potential of an individual and their characteristics.

8 0

3 years ago

In 2019, Kelsey sustained a loss on the theft of a painting. She had paid $20,000 for the painting, but it was worth $40,000 at

jeka57 [31]

Solution and Explanation:

As per capital gains, painting is treated as capital asset. Hence, theft of painting is a dead loss means no tax treatment.

A capital resource might be said to incorporate such things as property, regardless of whether mobile or unflinching, fixed or flowing, or substantial or elusive. Different instances of capital resources may incorporate structures, hardware, PC gear, vehicles. In straightforward terms everything that you claim or use for individual or speculation purposes can be named as a capital resource.

A non capital resource incorporates business property. The things which may go under non capital resource incorporates stock, stock in exchange, and some other sort of property that you hold exclusively with the end goal of offer to clients in your business or exchange. In basic terms a non capital resource is property that is certainly not a capital resource.

7 0

4 years ago

Drag each tile to the correct box.

defon

Answer:

Reinvestment risk ⟶ George purchased a US Treasury bond that matures in five years. He plans to purchase a newly issued Treasury bond and hopes it will be just as valuable.
Inflationary risk ⟶ Claretta purchased a Treasury bond that pays 1% interest when the price of goods and services are rising by 2%.
Credit risk ⟶ Corbin purchased a corporate bond with a poor rating and a risk of default.
Market risk ⟶ Beth bought a company’s stock in hopes of a quick profit, but the stock price has been very unpredictable.

Explanation:

Let's review the first scenario. We know that George just bought a bond that will mature in five years. If the bond turns out to be profitable, he intends to buy a new US Treasury bond once his current one matures. This accurately describes a reinvestment risk because he is risking buying a second bond based on the outcome of the first one. Once the bond matures, the interest rates will have fallen, which will make it extremely less likely that newer bonds available to reinvest in will offer the same rewards.
Now take a look at the scenario. This one is relatively obvious. Since it states that the prices of goods and services are rising, Claretta's interest won't seem like much after a few years. This makes it an inflationary risk because the inflation rates in her country are rising and her interest returned will buy her less that it would have in the past.
Moving onto the third scenario, we can see that Corbin purchased a bond from a corporation that has incredibly low ratings and usually fails to repay their loans. This indicates a credit risk. A credit risk occurs when an investor chooses to invest in a bond issuer that has a history of poor credit reliability. This is clearly the case for this issue and therefore, Corbin has made a credit risk.
The final scenario indicates a market risk. A market risk is any factor that affects the overall performance of the financial markets. Since the stock prices in Beth's economy have been unpredictable, clearly something has negatively impacted the market so the stock prices are frequently fluctuating.

7 0

3 years ago