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2 years ago

What is broad averaging, and what consequences can it have on costs?

2 answers:

7 0

What is broad averaging, and what consequences can it have on costs? Broad averaging is when a company or organization spreads the cost of resources across different objects to help the individual products or services stay equal. When a company does this they are assigning the costs of resources uniformly to cost objects. Broad averaging directly relates to costs because they can mislead an organizations data reports by spreading out the costs inappropriately.

timofeeve [1]2 years ago

5 0

For the answer to the question above, when applying that to a business, you are ignoring the variation in the consumption of resources by the different cost of objects or products that can lead to inaccurate and misleading cost data. In that result, it can negatively impact the marketing and operating decisions.

That costing method or approach uses a broad averaging for applying the cost of resources uniformly to cost objects. When in fact those are not uniform ways at all.

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Marceille plans to save $50 every three months over the next 5 years. How much will be in her account when she makes the last de

marta [7]

Answer:

amount = $1156.18

Explanation:

given data

save = $50

time = 5 year

interest rate = 6 percent

solution

here number of payment per annual will be 4

so interest rate per period will be

interest rate = $\frac{0.06}{4}$ .

interest rate = 1.50 %

and no of period will be = 5 × 4 = 20

and payment per period is $50

we apply here amount formula formula after 5 year

amount = payment per period × $\frac{(1+r)^t-1}{r}$ ....................1

amount = $50 × $\frac{(1+0.015)^{20}-1}{0.015}$

amount = $1156.18

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2 years ago

Our Lady of the Lake Hospital has assembled a group of employees to engage in planning activities. If the group comprises top ex

Katen [24]

Answer: a. long-term plans.

Explanation:

Long term plans in a business are considered Strategic Plans. Strategic plans aim to formulate general long term goals and visions for what the company aims to do in future and what level they aim to be at.

These types of goals are usually for the policy makers in a company being the Top Executives who are tasked with the long term growth of the company.

The Top Executives come up with these plans and then the Mid and lower level managers come up with tactical and operational plans to meet the objectives of the plans.

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2 years ago

Zach sold a restaurant to Shane for $295,000. As part of the agreement, Zach promised not to open another restaurant business fo

levacccp [35]

Answer:

Non-compete clause

Explanation:

The name of this clause is Non-compete clause. It is is a clause under which one party agrees not to enter into or start a similar profession or trade in competition against another party. By prudence of this non compete clause, the worker attempts and gives his acknowledgment to the state of the business that over the span of the work or significantly after the representative leaves the administrations/occupation of the business, he will not be the contender of the business in the structure and nature of the work of the business.

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3 years ago

2. NEIU Company has no beginning and ending inventories, and reports the following information for its only product: Direct mate

Mrac [35]

Answer:

Product cost per unit = $13

Explanation:

Absorption costing values units of inventory and production using full cost per unit. Full cost per unit includes variable cost and a portion of fixed production overheads. The fixed production overhead are charged to cost units using predetermined overhead absorption rate.

The full cost per unit = D.mat cost + D.labour cost + Variable overheads+ Fixed overheads.

Total full absorption cost = 125,000 + 100,000 + 75,000 + 25,000=325,000

Full cost per unit = Total full absorption cost/Number of units

= 325,000/25,000 =$13

Note that we excluded non- production cost like selling and administrative from the computation because they are not related to production

Product cost per unit = $13

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2 years ago

In 2003, several investment banking firms were fined $1.4 billion for ethics abuse related to the underwriting process. will thi

Mkey [24]

This can be a deterrent for engaging in practices that are ethically wrong during underwriting process.
Knowing that they could be fined large amount of money if found to be engaging in acts that ethically incorrect will serves to discourage investment banking firms from such acts.

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3 years ago

What is broad​ averaging, and what consequences can it have on​ costs?

What is broad averaging, and what consequences can it have on costs?