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CaHeK987 [17]
3 years ago
6

Managers use a predetermined overhead rate for which of the following reasons?

Business
1 answer:
Rashid [163]3 years ago
4 0

Answer:

Option A and B

Explanation:

The company desires to estimate the cost of the job so that it can minimize it by emphasizing control. This is one of the major reasons why the companies estimate cost of the job, product or service. So option A is correct.

Option B is also correct because the companies have to form contracts with its customers and for that reason predetermined overhead rates helps a lot estimating the price of the product which the company and customer can agree upon.

Option C is incorrect because predetermined costs are estimates and estimates are not always accurate.

Option D is false because daily recording of overheads requires predetermined overhead rates which is adjusted at the month end or quarter end or year end. So its not useless at all.

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Prior to Christine Day's arrival, the thing that was the culture of Lululemon was that, it was an ordinary athletic wear company.

Christine tends to share lessons from her extraordinary career, while also discussing the importance of a brand's purpose to its employees. So, in an interview with Retail TouchPoints, Bentz who is the CEO of Lululemon who stated that Lululemon "has to sustain its core business, as well as that very committed consumer group."

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A law firm collected $3,600 for work to be performed in the following month. Which of the following general journal entries will
defon

Answer:

b. Debit Cash, $3,600; credit Unearned Legal Fees Revenue, $3,600

Explanation:

The journal entry to record the given transaction is as follows

Cash Dr $3,600

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Since the collection is made so we debited the cash account and credited the unearned legal fees revenue so that the correct posting could be made

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When the change in demand due to seasonality is a constant amount, regardless of trend or average, the seasonal variation is des
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The seasonal component is stated in absolute terms in the scale of the observed series using the additive approach, and the level equation adjusts the series for the season by deducting the seasonal component. The seasonal component will roughly equal zero within each year.

therefore,

When the change in demand due to seasonality is a constant amount, regardless of trend or average, the seasonal variation is described as Additive Seasonal Variation.

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