1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lora16 [44]
3 years ago
8

When manufacturing overhead costs are assigned to production in a process cost system, it means that

Business
1 answer:
Colt1911 [192]3 years ago
8 0

Answer:

<em>When manufacturing overhead costs are assigned to production in a process cost system, it means that the business uses absorption costing system.</em>

Explanation:

When manufacturing overhead costs are assigned to production in a process cost system, it means that the business uses absorption costing system.

Absorption costing system is that where units of products and inventories are valued using full cost. Full cost implies that each product would be charged for an amount of the<em> fixed production overhead </em>in addition to the variable cost.

The fixed overhead is charged using a predetermined overhead absorption rate.

You might be interested in
Maggie's manager notices that she exhibits an external locus of control when she speaks about her work. Her manager should Group
Lubov Fominskaja [6]

Answer:

b.assign Maggie to a highly structured job requiring greater compliance

Explanation:

People who exhibit an external locus of control believe that life successes and failures are as a result of external factors such as bias, fate, injustice, luck and circumstances.

Maggie’s manager noticed this trait in her and assigning Maggie to a highly structured job requiring greater compliance will make it possible for her to be more exposed and reduce her from attributing her effort to be based on mere luck.

7 0
3 years ago
Your merchant fee is 3%. Your
slamgirl [31]

Answer:

66,000

Explanation:

2,200,000*.03= 66,000

8 0
2 years ago
In making rational choices, which of the following is true? a. We respond to marginal benefits and marginal costs. b. We do not
serg [7]

Answer:

The correct answer is letter "A": We respond to marginal benefits and marginal costs.

Explanation:

Rational Choice Theory assumes an individual will always make prudent and optimal decisions that yield the most benefits. It is the basis of most mainstream economic theories. The rational choice theory considers the marginal benefit compared to the marginal cost of individuals' decisions. It could prevent people from taking an option without analyzing what is most beneficial for them.

8 0
3 years ago
Western Airlines operates five flights daily between Chicago and Phoenix during the winter. One flight leaves Phoenix at 12:10 P
8_murik_8 [283]

Answer: idle production capacity

Explanation:

Idle capacity refers to the remaining amount of capacity that is left in a company when both the productive and the protective capacity have been removed from consideration.

Since the plane has a capacity of 120 passengers but he has averaged only 24 passengers, a load factor of 20 percent. Once the plane takes off, the other 96 seats generate no sales and profits to the airline for that flight, then the unique aspect of services does this situation describe idle production capacity.

8 0
3 years ago
Recently many large commercial and retail banks have been choosing to increase the amount of excess reserves they hold in the Fe
xenn [34]

Answer:

A. True

Explanation:

Large commercial and retail banks have been choosing to increase the amount of excess reserves they hold in the Federal Reserve, and this has caused an increase in the money multiplier and the money supply.

This is true as an increase in the Federal reserves would lead to increased room for loan and lending facilities which would also help increase the money supply of the populace.

6 0
3 years ago
Other questions:
  • &amp;&amp;&amp;
    15·2 answers
  • Mike Samson is a college football coach making a base salary of $646,800 a year ($53,900 per month). Employers are required to w
    12·1 answer
  • The following summarizes the aging of accounts receivable for Johnston Supplies, Inc. as of July 31, 2019: Number of Days Unpaid
    8·1 answer
  • When a firm is experiencing economies of scale, long-run a. average total cost is minimized. b. average total cost is greater th
    15·1 answer
  • Hailey, Inc., has sales of $19,650, costs of $9,380, depreciation expense of $2,050, and interest expense of $1,540. Assume the
    10·1 answer
  • Sarah borrowed $16,500 on May 23 with interest due on September 3. If the interest rate is 9%, find the interest on the loan usi
    5·2 answers
  • A company is about to begin production of a new product. The manager of the department that will produce one of the components f
    8·1 answer
  • Sheffield Corp. adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was
    7·1 answer
  • Problem solving is defined as
    12·1 answer
  • The buyer of a put expects the price of the underlying stock to rise. <br><br> a. true <br> b. false
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!