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Nitella [24]
3 years ago
5

When the purpose of cost allocation is to provide information for economic decisions or to motivate managers and​ employees, whi

ch of the following would be the best​ criteria? A. the benefitsminusreceived and the fairness criteria B. the fairness and the abilityminustominusbear criteria C. the causeminusandminuseffect and the benefitsminusreceived criteria D. the causeminusandminuseffect and the abilityminusto bear criteria
Business
1 answer:
natulia [17]3 years ago
6 0

Answer:

The correct answer is C) the cause-‐‑and-‐‑effect and the benefits-‐‑received criteria.

Explanation:

In general, the costs that are collected in the accounts serve three general purposes:

  1. Provide cost reports to measure utility and evaluate inventory (income statement and balance sheet).
  2. Offer information for the administrative control of the operations and activities of the company (control reports).
  3. Provide information to support planning and decision making (analysis and special studies).

Control constitutes the management for the fulfillment of the proposed goals, while cost reduction refers to the effort aimed at achieving a decrease in the levels or magnitude of the costs. The cost of the quality of a product represents the work that requires the identification and administration of the necessary expenditures to maintain an adequate degree of quality, that is, the supervision of compliance with the rules of its design and its specifications.

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On January 1, 2020, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June
notsponge [240]

Answer:

Hardin Company

Production budget

For the first semester of 2020

                                   First quarter        Second quarter        Total

Sales units                  5,200                  6,700                         11,900

Planned ending          1,675                   1,750                          1,750

<u>inventory                                                                                                 </u>

Total production         6,875                  8,450                         13,650

required

<u>- beginning inv.           -1,300                 -1,675                          -1,300   </u>

Units to be                   5,575                 6,775                           12,350

produced

Hardin Company

Raw materials budget

For the first semester of 2020

                                   First quarter        Second quarter        Total

Units to be                   5,575                 6,775                           12,350

produced

Materials required          3                         3                                   3

<u>per unit                                                                                                    </u>

Materials needed        16,725               20,325                        37,050

for production

Planned ending           8,130                 8,856                           8,856

<u>inventory                                                                                                 </u>

Total materials             24,855              29,181                          45,906

needed

<u>- beginning inv.           -6,690                -8,130                          -6,690  </u>

Materials to be             18,165                21,051                         39,216

purchased

<u>Cost per unit                    $5                      $5                                $5    </u>

Total cost of                $90,825           $105,255                    $196,080

direct materials

3 0
3 years ago
State licensing helps ensure that professionals
Bingel [31]

Answer:

are qualified in there industry

Explanation:

that's what my quiz said was right

7 0
3 years ago
A. Suppose there is a surge in consumer confidence, creating an increase in aggregate demand in the economy. The Federal Reserve
Mrac [35]

Answer:

See below.

Explanation:

For a, first we calculate the credit multiplier of the economy,

Credit multiplier = 1 / reserve ratio

Credit multiplier = 1 / 0.25 = 4

This means that any change in money supply will be 4 times as much in the economy, hence to induce a change of $120 billion, the Fed will decrease the money supply by 120/4 = $30 billion. This will increase the interest rates just enough to stabilize aggregate demand.

For b, we again start by calculating the credit multiplier.

Credit multiplier = 1/0.10 = 10

Since the Fed want to stimulate investment, it needs to use an expansionary monetary policy.

The Fed thus increases the money supply by 150/10 = $15 billion.

This will have the total effect of 150 billion on the whole thus achieving the Fed's objectives.

Hope that helps.

4 0
2 years ago
On June 27, 2021, Cara Van Travel distributed to its common shareholders 510,000 outstanding common shares of its investment in
Phoenix [80]

Answer:

The correct answer is $255,000.

Explanation:

According to the scenario, the given data are as follows:

Total outstanding shares = 510,000

Shares value before = $3.10

Shares value after deal = $3.60

So, we can calculate the amount of gain on disposal by using following formula:

Gain amount on disposal = Total number of shares × Difference in share value

By putting the value, we get

= 510,000 × ( $3.60 - $3.10)

= 510,000 × $0.50

= $255,000

6 0
2 years ago
Some sellers put specific limitations in the warranty to limit the effectiveness of a warranty. Such a denial or repudiation in
Anit [1.1K]

Answer:

Disclaimer

Explanation:

Express warranties could be simply be described as the agreement which binds a seller and buyer during the purchase of a certain product. Express warranties usually gives buyers the opportunity to return the product to the seller if damaged within a specified period of tine. Express warranty usually has no borders. Tbe use of disclaimer is used by sellers in other to introduce clauses into an express warranty whereby certain terms and conditions are given before the warranty can be deemed as valid. These limitations inteoduced and are capable of voiding the express warranty is called a disclaimer.

3 0
2 years ago
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