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motikmotik
3 years ago
7

Under absorption costing, fixed overhead is allocated to products sold, so when production is greater than units sold, net incom

e will be ___________(greater, less) than income calculated under variable costing.
Business
1 answer:
Gnom [1K]3 years ago
7 0

Answer:Greater

Explanation: Absorption costing is a cost accounting procedure which is used in the costing of both the direct and indirect expenses involved in the production of a specific product or service over a given period of time.

Fixed overhead costs are specifically concerned with goods sold while variable costs are specifically concerned with all the goods manufactured.

THE COST THAT WILL BE ASSOCIATED WITH FIXED OVERHEAD COST WILL BE LESS WHEN COMPARED TO THAT CALCULATED USING VARIABLE COSTING AND THIS WILL CAUSE THE NET INCOME CALCULATED USING THE FIXED OVERHEAD COST TO BE GREATER THAN THE VARIABLE COSTING APPROACH.

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3 years ago
Yoko is defining her company's performance evaluation process. Which process requirement would help her organization most effect
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Answer:

Option E. Ensure that performance standards are not vague.

Explanation:

Option E is correct because if the performance standards are not vague and are realistic then the evaluation will be more fair. It will also not demotivate the employees as they will be accepting what went wrong.

Option A is incorrect because we can use both subjective and objective performance indicators.

Option B is incorrect because ensuring less time to appraise the performance means that the appraiser hasn't acknowledged the full scenario hence the evaluation wasn't fair.

Option C is incorrect because distributive justice must be applied. As it helps in acknowleging what the organization has done wrong with the employees that has resulted in poor performance.

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3 years ago
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Phoenix [80]
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7 0
3 years ago
Fixed asset accounting systems include cost allocation and matching procedures that are not part of routine expenditure systems.
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The correct answer is A.true.

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