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3 years ago

When managerial accountants assign costs to the production of specific products, the costs that are easiest to assign are

1 answer:

3 0

<span>When managerial accountants assign costs to the production of specific products, the costs that are easiest to assign are direct labor and direct materials costs.

I hope this helps!</span>

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uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports. The cost for

OLga [1]

Answer:

$11,026 Favorable

Explanation:

The computation of the spending variance for plane operating costs in November is shown below:

= Budgeted cost - Actual cost

= [(84 × $3,160) + (252 × $18) + $593,00] - $318,250

= $329,276 - $318,250

= $11,026 Favorable

5 0

3 years ago

Advice from most financial advisers states to spend no more than 28% of one's gross monthly income for one's mortgage payment, a

Lena [83]

Answer and Explanation:

The computation is shown below:

a. For the maximum amount that spend each month on mortgage payment is

= Gross annual income ÷ total number of months in a year × mortgage payment percentage

= $39,600 ÷ 12 months × 28%

= $924

b. . For the maximum amount that spend each month on total credit obligatons

= Gross annual income ÷ total number of months in a year × mortgage payment percentage

= $39,600 ÷ 12 months × 36%

= $1,188

c. Now the maximum amount spend for all other debt is

For monthly mortgage

= $924 × 70%

= $646.8

And, for mortgage debt

= $1,188 × 70%

= $831.60

4 0

3 years ago

Which of the following statements is false?

tangare [24]

I believe the In a limited liability partnership, all partners are limited partners

4 0

3 years ago

Read 2 more answers

Which of the following is true? Select one: a. If the economy is close to capacity, with resources almost fully employed, the AS

djverab [1.8K]

Answer:

Correct option is C.

<u>If the economy is at full capacity, then the AS curve will be vertical</u>

Explanation:

The long-run aggregate supply curve is perfectly vertical, which reflects economists' belief that the changes in aggregate demand only cause a temporary change in an economy's total output. For the short-run aggregate supply, the quantity supplied increases as the price rises.

The full capacity AS curve is a long-run AS curved and it is vertical as the potential output level is denoted by it with the fully employed resources.

6 0

3 years ago

If a profit-maximizing, competitive firm is producing a quantity at which marginal cost is between average variable cost and ave

Murljashka [212]

Answer:

a. keep producing in the short run but exit the market in the long run.

Explanation:

To answer the question, there is a need to look at the effect of the situation on the firm both in the short- run and the long-run

Short Run Effect

The Marginal cost is between average variable cost and average total cost. The business can still continue producing goods because the quantity being produced is still able to cover the average variable cost. This means that the firm is still able meet its variable costs by setting the price of its goods to its marginal cost which is an amount greater than its average variable cost.

Long Run Effect

However, in the long-run the company will begin to have issues even meeting other important costs such as the fixed costs associated with production and as such, the firm will need to exit the market in the long run. For instance the cost of long term loans (principal and interest) may not be covered by the net income of the firm.

5 0

3 years ago