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3 years ago

If your poll is to accurately reflect public views, your survey respondents must reflect the

1 answer:

6 0

<span>If your poll is to accurately reflect public views, your survey respondents must reflect the </span>population.

Hope this helps !

Photon

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Barefoot Running Company's work in process inventory on June 1 has a balance of $22,900 representing Job No. 265. During June

Sedbober [7]

Answer:

$4,850 under allocated

Explanation:

Giving the following information:

Manufacturing overhead is allocated at 130% of direct labor cost.

The actual manufacturing overhead costs incurred in June amounted to $41,300.

Job No. 265:

Direct labor= $35,500

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base= 1.3*35500= $46,150

Over/under allocation= real MOH - allocated MOH= 46150 - 41300= $4,850 under allocated

3 0

4 years ago

Select the correctly punctuated sentence. he wanted to do the right thing but the situation was very confusing. he wanted to do

Eva8 [605]

The answer is B. He wanted to do the right thing, but the situation was very confusing.

3 0

4 years ago

Read 2 more answers

If the amount of "Cost of goods manufactured" during a period exceeds the amount of "Total manufacturing costs for the period, t

Ilya [14]

Answer:

3. ending work in process is less than the amount of the beginning work in process inventory.

Explanation:

As we know that

Manufacturing cost = Cost of Goods Manufactured - Direct Labor - Direct Materials Used + Ending balance of Work-in-Process Inventory - the Opening balance of Work-in-Process Inventory

And, the Manufacturing cost involves both cost i.e direct material and direct material used

If the cost of goods manufactured more than the total manufacturing costs, so automatically ending WIP inventory should be less then the beginning WIP inventory

6 0

3 years ago

Fern,Inc.has fixed costs of $400,000 and a contribution margin ratio of 30%.How much sales revenue must be earned for a profit o

malfutka [58]

Answer:

The correct option is C) $1,600,000.

Explanation:

This can be calculated using the following formula:

Sales revenue required = (Fixed cost + Targeted profit) / Contribution margin ratio .......................... (1)

Where;

Fixed costs = $400,000

Contribution margin ratio = 30%

Targeted profit = $80,000

Substituting the values into equation (1) we have:

Sales revenue required = ($400,000 + $80,000) / 30%

Sales revenue required = $480,000 / 30%

Sales revenue required = $1,600,000

Therefore, the correct option is C) $1,600,000.

7 0

3 years ago

Economists consider both explicit and implicit costs when measuring economic profit

patriot [66]

Explicit and Implicit costs should be considered when measuring economic profit because a business must cover its opportunity costs as well as its out-of-pocket expenses to be truly profitable. Economic profit consists of revenue minus implicit (opportunity) and explicit (monetary) costs. Explicit costs are monetary costs a firm has. Implicit costs are the opportunity costs of a firm’s resources.

7 0

3 years ago