Answer:
C. It considers fixed manufacturing overhead cost as product costs.
Explanation:
The statement that is true of absorption costing is that it considers fixed manufacturing overhead cost as product costs.
Absorption costing uses the concept of cost drivers to ascertain the quantum of fixed manufacturing overhead cost a product generates, and ties that fraction to the product as its own cost.
By so doing, what would ordinarily have been periodic costs that will be apportioned among products become fixed costs that are directly traceable to those products.
The listing associate should present the offer to the seller as a potential backup offer for further negotiation.
<h3>
Who is a seller?</h3>
- A seller is any person or company who sells a product, service, or financial asset.
- Short selling is the practice of borrowing securities that are not held in order to sell them and then repurchase them at a reduced price.
- A "writer" is a seller of options who collects the premium from the buyer.
<h3>What is an offer?</h3>
- In exchange for something else, a commitment to do or refrain from doing something.
- An offer must be worded and delivered in such a way that a reasonable person would expect its acceptance to result in a binding contract.
Therefore, the listing associate should present the offer to the seller as a potential backup offer for further negotiation.
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Answer:
a. 4,000
Explanation:
Units in ending inventory
= Units in beginning work in process + Units started into production - Units transferred to the next department
= 2,400 + 10,500 - 8,900
= 4,000 units
Answer:
The personal umbrella policy is excess liability insurance that provides protection against legal liability that is over and above that provided by auto, home, and boat insurance. People with significant assets need an umbrella liability policy to cover lawsuits that can sometimes amount to millions of dollars.
The umbrella policy also has broad coverage that covers some claims that wouldn't be covered at all by home and auto insurance, such as personal injury lawsuits arising from false arrest, slander and libel, or rental units that the insured may own. Not only is the cost of direct damages covered, but also the cost of consequential damages, such as the lost income suffered by a severely injured person because of the injuries. The personal umbrella policy also pays for the legal defense of lawsuits that is in addition to the policy limit for damages. So if you are sued and held liable for $1 million, and your legal costs are $200,000, then a policy providing $1 million of coverage will pay the full claim plus the $200,000 for legal costs.
Explanation:
