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4 years ago

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

Business

1 answer:

Colt1911 [192]4 years ago

8 0

Answer:

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

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 fixed production overhead in addition to the variable cost.

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

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"A high-ranking officer of ABC Corporation owns 10,000 shares of ABC Corporation control stock that she wishes to sell under the

LuckyWell [14K]

Answer: $9,000

Explanation:

Rule 144 is a regulation that governs the trading of restricted, unregistered, and control securities and is enforceable by the SEC.

Under the rule, the person, as an officer of the ABC Corporation is limited to selling the higher of 1% of the Outstanding stock the company has or the average weekly trading volume over the preceding 4 weeks.

1% of the outstanding 900,000 shares is;

= 1% * 900,000

= 9,000 shares

This is higher than the average weekly trading volume over the preceding 4 weeks so this is the maximum permitted sales figure.

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4 years ago

What countries represent the largest global business opportunities for the next decade? What factors determine the size of the o

EastWind [94]

China, India and Brazil are some of the largest growing global businesses. These come from many different factors; GDP growth and population are two major causes. China has the largest populations in the world along with the fastest growing GDP percentages.

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4 years ago

Jaronda founded Diamond Communications Inc. in 1993. Ten years later, the company went public. Despite Jaronda's death in 2005,

Solnce55 [7]

Answer: C. separation of legal ownership and management control

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Public traded companies usually have a board which management report to, the board is the highest decision making body in the company.

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3 years ago

Assume the initial present value of the payments on a lease are equal to the cost of the leased asset. This capital lease is rec

Whitepunk [10]

Answer: D) present value of the remaining lease payments.

Explanation:

When recording a capital lease in the balance sheet of the lessee, the amount recorded is the lower amount between the present value of the remaining lease payments or the cost of the leased asset.

As the cost of the leased asset is equal to the initial present value of the payments, the cost will therefore be higher than the current present value of the remaining payments so the appropriate amount to put in the balance sheet will be the current present value of the remaining lease payments.

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3 years ago

G MC Qu. 87 When is a goodwill impairment loss... When is a goodwill impairment loss recognized?

marin [14]

Answer:

Goodwill impairment occurs when a company decides to pay more than book value for the acquisition of an asset.

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Explanation:

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3 years ago