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max2010maxim [7]
3 years ago
5

A master (static) budget: Group of answer choices drops the current month or quarter and adds a future month or quarter as the c

urrent month or quarter is completed. presents a statement of expectations for a period of time but does not present a firm commitment. presents the plan for only one level of activity and does not adjust to changes in the level of activity. presents the plan for a range of activity so that the plan can be adjusted for changes in activity levels.
Business
1 answer:
vitfil [10]3 years ago
4 0

Answer:

presents the plan for only one level of activity and does not adjust to changes in the level of activity                                  

Explanation:

A static budget refers to the budget where sums aren't going to change except with major quantity adjustments. Unlike a static master budget, the sales division of an organisation may have a dynamic budget.

The cost estimate for the selling commission will be reported as a proportion of revenue in such a flexible budget. In other words, A master budget – which is a projection of income and spending for a given time frame – appears constant even with rises or declines in levels of demand and output.

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According to the​ Break-Even EBIT​ analysis, shareholders are​ ____ off with debt when EBIT is​ _____ the​ Break-Even EBIT level
Kobotan [32]

Answer:

Answer B.

Explanation:

EBIT break even point is a situation when company does not make a profit or has loss. It is a point where earnings per share are equal to zero. It is the level of ebit equal to fixed costs for the company, like interest on the debt. If this break even point increases, this leads to the increase of financial risk. However, increase of ebit above break even point leads to net income calculated as EBIT*(1-interest expense)*(1-tax rate)-preferred dividends being higher.

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3 years ago
A criticism of the National Bureau of Economic Research's business cycle dating committee is that it: Question 2 options: a) mak
lutik1710 [3]

The answer is: c) dates peaks and troughs only after the fact.

This mean that millions of dollar spents by the Bureau cannot necessarily used to address the economic problems that people currently face.

One argument to counter such criticism is that the data from the Bureau could be used to make future predicitons and prevent any mistakes in the past from occuring again in the future.


3 0
3 years ago
Read 2 more answers
If the law of increasing opportunity costs is operable, and currently the opportunity cost of producing the 101st unit of good X
lys-0071 [83]

Answer:

C) more than 5Y

Explanation:

the opportunity cost of producing 101 units of X = 5 units of Y

if the opportunity costs increase as the number of units produced increases, then the opportunity cost of producing 201 units of X will be more than 5 unit of Y. This is simply because 5 units of Y was the opportunity cost of producing 101 units of X and the opportunity costs are increased.

4 0
3 years ago
Which of the following is NOT true about College
777dan777 [17]

Answer:

It only offers 4 year degrees

Explanation:

4 0
3 years ago
The following cost data for the year just ended pertain to Heartstrings, Inc., a greeting card manufacturer: Service department
Afina-wow [57]

Answer:

Explanation:

Giving the following information:

Service department costs= $ 100,000: Period

Direct labor: wages 485,000: Product - DL

Direct labor: fringe benefits 96,000: Product - DL

Indirect labor: fringe benefits 31,000: Product - MOH

Fringe benefits for production supervisor 10,000: Product - MOH

Total overtime premiums paid 55,000: Product - DL

Cost of idle time: production employees 40,000: Product - DL

Administrative costs 150,000: Period

Rental of office space for sales personnel 15,000: Period

Sales commissions 6,000: Period

Product promotion costs 10,000: Period

Direct material used 2,100,000: Product - DM

Advertising expense 97,000: Period

Depreciation on factory building 116,000: Product - MOH

Cost of finished-goods inventory at year-end 115,000

Indirect labor: wages 141,000: Product - MOH

Production supervisor’s salary $ 46,000: Product - MOH

First, we will classify each cost as product/ period, and Direct Material (DM), Direct Labor (DL) and manufacturing overhead (MOH).

A) Prime costs= direct material + direct labor

Prime costs= 2,100,000 + (485,000 + 96,000 + 55,000 + 40,000)

Prime costs= 2,100,00 + 676000= 2,776,000

B) Manufacturing overhead= 31000 + 10000 + 116000 + 141000 + 46000= $344,000

C) conversion cost= direct labor + manufacturing overhead

CC= 676000 + 344000= 1,020,000

D) Product costs= DM + DL + MOH= 2100000+676000+344000= $3,120,000

E) Period cost= 100000 + 150000 + 15000 + 6000 + 10000 + 97000= $378,000

5 0
3 years ago
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