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beks73 [17]
3 years ago
10

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

Business
2 answers:
mrs_skeptik [129]3 years ago
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. <span>
</span>
timofeeve [1]3 years ago
5 0
For the answer to the question above, when applying that to a business, you are <span>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, </span><span>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.</span>
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kobusy [5.1K]

Answer:

The contract is void since it attempts to contract for services that are illegal

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2 years ago
Concord Corporation had net sales of $2,409,400 and interest revenue of $38,100 during 2020. Expenses for 2020 were cost of good
andriy [413]

Answer:

Explanation:

In the income statement, the total revenues and the total expenses are recorded.  

If the total revenues are more than the total expenditure then the company earns net income

And, If the total revenues are less than the total expenditure then the company have a net loss

This net income or net loss would reflect in the statement of the retained earning account.  

The calculation is shown below:

= Net Sales + interest revenue- cost of good sold -  administrative expense - selling expenses - interest expense - income tax expense

where,  

Income tax expense = (Net Sales + interest revenue- cost of good sold -  administrative expense - selling expenses - interest expense) × income tax rate  

= ($2,409,400 + $38,100 - $1,463,800 - $222,000 - $286,700 - $48,900) × 30%

= $426,100 × 30%

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The preparation of the income statement is presented in the spreadsheet. Kindly find the attachment below:

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