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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Answer:
c. 24.78%
Explanation:
For computing the expected standard deviation first we have to find out the expected rate of return which is shown below:
Expected rate of return = Respective return × Respective probability
=(0.4 × -10) + (0.2 × 10) + (0.4 × 45)
= 16%
Now we have to find out the total probability which is shown below:
Probability Return Probability × (Return - Expected Return)^2
0.4 -10 0.4 × (-10-16)^2 = 270.4
0.2 10 0.2 × (10 - 16)^2 = 7.2
0.4 45 0.4 × (45 - 16)^2 = 336.4
Total = 614%
As we know that
So
Standard deviation= [Total probability × (Return - Expected Return)^2 ÷ Total probability]^(1 ÷2)
= (614)^(1 ÷ 2)
= 24.78%
Answer:
The monetary unit principle states that "A stable currency is going to be the unit of record".
Explanation:
- One of the important generally accepted accounting principles is the Monetary unit principle.
- This principle states that record those business dealings that can be conveyed in terms of a currency.
- This means anything that cannot be quantified should not be recorded a businesses transactions. The non-quantifiable items include customer service, motivation, management skills, etc.
- Over time, money has been used as a stable form of currency in accounting.
Answer:
The correct answer is letter "D": sample.
Explanation:
In statistics, a sample is a subgroup of data that belongs to a data population. It must be composed of a certain number of subjects that represent properly the total of the population. Samples are taken when the population of a study is too large that makes research impossible to be conducted. The sample must be big enough to represent the total of subjects and should be selected randomly.
Answer:
The correct answer is option D.
Explanation:
The total cost of the firm is $600.
The fixed cost is $100.
The variable cost will be
=Total costs-fixed costs
=$(600-100)
=$500.
The average variable cost will be
=total variable costs/quantity of outputs
=$500/100
=$5 per unit
The price is $4.
So, we see the price is not covering the average variable cost. This means the firm is incurring losses. The firm will thus produce zero units of output.
