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svp [43]
3 years ago
7

Which of the following statements is true? Group of answer choices Under absorption costing, fixed manufacturing overhead is exp

ensed as period expenses. Under variable costing, direct materials and direct labor are expensed as period expenses. Fixed manufacturing overhead costs are treated the same under both absorption costing and variable costing. Reported income under absorption costing is not affected by production level changes. Under variable costing, fixed manufacturing overhead is expensed as period expenses.
Business
1 answer:
nadezda [96]3 years ago
3 0

Answer:

Under variable costing, fixed manufacturing overhead is expensed as period expenses.

Explanation:

Option <em>A</em> is wrong because under absorption costing, fixed manufacturing overhead is expensed as product expenses.

Option <em>B</em> is incorrect because Under variable costing, direct materials and direct labor are expensed as product expenses.

Option <em>C</em> is false because Fixed manufacturing overhead costs are treated as product cost under absorption costing and period cost under variable costing.

Therefore, option E is correct as fixed manufacturing overhead is expensed as period expenses under variable costing.

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Jones Manufacturing sent Blue Company an invoice for equipment with a list price of $10,000. The invoice is dated July 27 with t
beks73 [17]

Answer:

Amount to be paid = $6,000

Explanation:

Trade discount is the reduction in the list price granted to a buyer. A 40% trade discount implies that Blue would have to pay only 60% of the list price.

The amount due for settlement = 10,000 - (40%× 10,000)= $6,000.

The  term 2/10 implies that Jones is entitled to a cash a discount of 2% if it settles its invoice within 10 days following the invoice date. The deadline settlement date to receive the discount would therefore be August 6.

Since the account was settled on September 8 which is later than the deadline date set to qualify for the cash settlement discount, Blue would have to pay $6,000.

Amount to be paid = $6,000

5 0
4 years ago
In which way do mood disorders differ from schizophrenic disorders​
Sav [38]

Answer:

With schizophrenia, it had to do with your mental state, with mood disorders, that deals with the way you feel. Schizophrenia is how you think and how your mental state is.

Hopes this helps

6 0
3 years ago
Company A pays its managers a fixed salary. Company B ties compensation to the performance of the stock. Which company’s compens
11111nata11111 [884]

Answer:

Company B

Explanation:

The reason is that the interest of shareholders is to maximize its investment worth and the manager desires to have better salary which is cost to the shareholders. This means that the shareholder's interest are in conflict with that of management which is also known as agency problems. The alignment of interests of both shareholders and the manager is when the payments made to managers in compensation for their salaries are in shares not in cash form. The manager would now work hard to generate more profits than before, this will increase the value of shares in stock exchange which every shareholder desires. So Company B has mitigated conflicts of interest between managers and shareholders by offering managers shares in compensation for their services offered.

5 0
4 years ago
You run a small business that manufactures park benches. A single high-grade
OverLord2011 [107]

Answer:

$19,928

Explanation:

Direct Costs are costs that vary directly with the number of units produced.

<u>Calculation of Total total direct costs for manufacturing</u>

<em>Consider only direct manufacturing costs per unit</em>

1. Lumber - Oak                $7.50  

2. Concrete                       $1.56  

3. Metal screws               $ 0.75  

4. Wood stain                   $0.79

5. Direct labor                 $10.60

Total                               $21.20

Therefore,

<em>Total Cost = Unit Cost x Units manufactured</em>

                 =  $21.20 x 940

                 = $19,928

Conclusion

The total direct costs for manufacturing 940 high-grade benches is $19,928

4 0
3 years ago
More than two-thirds of business meetings are considered to be what
coldgirl [10]

Complete Question:

More than two-thirds of meetings are considered to be:

A. Highly engaging and productive

B. More effective than a well-worded email

C. Slow sometimes, but mostly entertaining

D. A waste of time

Answer:

D. A waste of time

Explanation:

This answer implies that the number of business meetings should be reduced.  Issues discussed at business meetings can be ironed out through other means of communication.  For example, emails can be used.  Instructions and other information can be passed to the team without necessarily holding meetings.  Teams can interact effectively and efficiently without holding face-to-face meetings.  Some meetings are not productive at all, as the head of the meeting still dominates the speeches instead of giving the team members a conducive environment to air their concerns and opinions and make effective suggestions that will improve business performance and outcomes.

3 0
4 years ago
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