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statuscvo [17]
3 years ago
15

Fifo is preferred when purchase costs are rising and managers have incentives to report higher income for reasons such as bonus

plans, job security, and reputation.
a. True

b. False
Business
1 answer:
meriva3 years ago
5 0

job security and reputation

A) Ture

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A company's flexible budget for the range of 35,000 units to 45,000 units of production showed variable overhead costs of $2 per
Gnom [1K]

Answer:

c. $3,200 favorable.

Explanation:

We know that

Total controllable cost variance = Budgeted overhead cost - actual overhead cost

where,

Budgeted overhead cost =  Variable overhead + Fixed overhead

where,

Variable overhead = 40,000 units × $2 = $80,000

And, the fixed overhead = $72,000

So, the budgeted overhead = $152,000

And, the actual one is $148,800

So, the total controllable cost variance would be

= $152,000 - $148,800

= $3,200 favorable

7 0
3 years ago
Quickbrush Paint Company is developing a linear program to determine the optimal quantities of ingredient A and ingredient B to
Sonbull [250]

Answer:

A. 0.9x + 0.3y ≤ 10,000

Explanation:

Given

x \to oil based plant

y \to water based plant

The data can be represented in tabular form as:

\begin{array}{ccc}{} & {A} & {B}  & {x} & {90\%} & {10\%}  & {y} & {30\%} & {70\%} & {} & {10000} & {5000}\ \end{array}

Considering only A, we have the following constraints:

A \to 90\% * x + 30\% * y

A \to 0.9x + 0.3y

Since the company currently has 10000 of A.

The above constraint implies that, the mixture cannot exceed 10000.

So, we have:

A \to 0.9x + 0.3y \le 10000

<em>Hence, (A) is correct</em>

4 0
3 years ago
Which statement is supported by the information in the
sleet_krkn [62]

Answer:C. The price per stock declined from 2008 to 2009

Explanation: the graph declines at 2008 and increases at 2009

5 0
3 years ago
Read 2 more answers
The following cash transactions occurred during the period. INTEREST RECEIVED IN CASH $18,000
nikklg [1K]

Answer:

OPERATING ACTIVITIES

SOURCES: INTEREST RECEIVED IN CASH $18,000, the company receives money

(USES:) PAYMENT OF WAGES TO EMPLOYEES $35,000, the company pays wages

INVESTING ACTIVITIES

SOURCES: NONE

(USES:) PURCHASE OF A PIECE OF EQUIPMENT FOR CASH $120,000  , the company pays for the equipment

FINANCING ACTIVITIES

SOURCES: NONE

(USES:) DISTRIBUTION OF CASH DIVIDEND DECLARED LAST YEAR $25,000, the company pays dividends

5 0
3 years ago
Two college students went to Guadalajara, Mexico, on their spring breaks. One took the vacation in 2002, while the other went in
ad-work [718]

Answer:

1. 2006 Student

2. 4400 pesos left

Explanation:

If each student had $500 to spend and In 2002, the exchange rate of MXN/USD (Mexican pesos to U.S. dollars) was 9 and In 2006, the exchange rate was 11.

If the hotel room in Guadalajara cost 200 pesos per night in 2002 and 220 pesos in 2006 and each student spent five nights in a hotel, which student had more pesos left over:

Student A - 2002

Spent 5 nights x 200 pesos = 1000 pesos

Total pesos  = $500 x 9 = 4500 pesos

Pesos left = 4500 - 1000 = 3500 pesos

Student B - 2006

Spent 5 nights x 220 pesos = 1100 pesos

Total pesos  = $500 x 11 = 5500 pesos

Pesos left = 5500 - 1100 = 4400 pesos

5 0
3 years ago
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