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guapka [62]
3 years ago
6

LO 6.5Product costs under variable costing are typically:

Business
1 answer:
tatyana61 [14]3 years ago
7 0

Answer: lower than under absorption costing

Explanation:Product costs under variable costing are usually lower due to the composition of the cost calculation.

Under variable costing, the cost elements are direct material, direct labour and variable overheads while under the absorption costing method the cost calculation will include direct materials, direct labour, variable overheads and fixed overheads.

simply put is to say that variable costing calculation is lower than absorption costing calculation because absorption costing calculation  includes fixed overheads while variable costing calculation does not.

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What is the reason it's better to underestimate your income instead of overestimating when creating your budget?
Alik [6]

Answer:

  • <em>Underestimating your income is a conservative and healthy measure that can avoid financial problems.</em>

Explanation:

<em>Underestimating</em> your <em>income</em> is a conservative and healthy measure, such as it is overestimating your expenses.

Specially when your income is variable iit can be hard to predict. You will be safer both if your income lowers or your unpredictable expenses increase.

There are many unpredictable situations that could put you in a difficult situation: a disease, a natural disaster, the need to help a family member or friend in trouble. If any of these unfortunate circumstances arises and your budget is too tight, you could see yourself in financial trouble.

But, if you if all is smooth you will have in a happy situation, you will have a surplus which can use for savings, for an important purchase, or for vacations.

It is better to be cautious than to regret later!

6 0
3 years ago
In today's culture of self-service, is personal selling destined for extinction? explain your answer.
meriva
No, i don't believe so.
Even though it is very true that more and more prefer buying things online rather than personally coming to stores, there are some products that simply couldn't be observed without consumers being physically there. 
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7 0
3 years ago
Kline Corp. recognizes revenue over time to account for long-term contracts. The contract price is $5 million, total constructio
dlinn [17]

Answer:

The journal entry which is to be recorded is shown below:

Explanation:

Contract Price A/c...................................Dr    $500,000

Cost of constructionA/c.........................Dr   $150,000

                 Revenue A/c................................Cr   $2,000,000

As the company recording the revenue, so the revenue account is credited. It involves the cost of construction which is debited and the contract price account is debited.

Note: The options are missing. So, proving the journal entry in the answer.

7 0
3 years ago
Daget Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated
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Answer:

$15.34

Explanation:

The formula and the computation of the predetermined overhead rate is shown be

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where,

Manufacturing overhead is

= $359,860 + $8,300

= $368,160

And, the direct labor hours is 24,000

So, the predetermined overhead rate is

= $368,160 ÷ 24,000

= $15.34

4 0
3 years ago
When using annual worth to evaluate the attractiveness of a single alternative, what value is the calculated AW compared to in d
kompoz [17]
The answer is C. 0.0
6 0
2 years ago
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