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3 years ago

A replacement analysis is most objectively conducted from the viewpoint of:

1 answer:

6 0

From the viewpoint of an outsider, an non-owner and an consultant which is a replacement analysis is most objectively conducted. When you are conducting a replacement analysis the most objectively conducted is from the view point of the three which is from an outsider, an consultant and an non-owner.

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Barnes Corporation manufactures two models of office chairs, a standard and a deluxe model. The following activity and cost info

777dan777 [17]

Answer:

Standard= $24,800

Explanation:

Giving the following information:

Number of: Setups Components

Standard 22 8

Deluxe 28 12

Overhead costs $20,000 $40,000

<u>First, we need to calculate the predetermined overhead rate for each activity:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Setups= 20,000 / (22+28)= $400per setup

Components= 40,000 / (8+12)= $2,000 per component

<u>Now, we can allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Standard= 400*22 + 2,000*8

Standard= $24,800

3 0

2 years ago

Huprey Co. is the defendant in the following legal claims. For each of following claims, does Huprey (a) record a liability, (b)

salantis [7]

Answer:

1. Huprey can resonably estimate that a pending lawsuit will result in damages of $1,280,000, it is probable that Huprey will lose the case.

Record a liability.

2. It is reasonably possible that Huprey will lose a pending lawsuit. The loss cannot be estimable.

Disclose in notes.

3. Huprey is being sued for damages of $2,400,000. It is very unlikely (remote) that Huprey will lose the case.

Have no disclosure.

Explanation:

Contingent liabilities must be recorded only when it is probable that the liability will happen and you can estimate the associated costs.

When contingent liabilities are only reasonably possible or you cannot estimate the amount, they must be included in the footnotes of the financial statements.

When contingent liabilities are not reasonably possible, nothing needs to be disclosed.

7 0

3 years ago

Ritchie orders 1000 widgets from Cunningham Widget Co. The widgets are stored in Al's Warehouse. Under the contract, CWC is requ

Aleks [24]

Answer:

when CWC gives Richie a warehouse receipt for the widgets

Explanation:

3 0

3 years ago

Advertising sales agents typically work under the direct supervision of a manager or supervisor.

wolverine [178]

Advertising sales agents typically work under the direct supervision of a manager or supervisor. True.

Initally, an advertising sales agent works under the direct supervision of a manager or supervisor. They are trained and coached by those who are experienced in the field. Once the sales agent has completed a set amount of hours (based on different agency requirements) they are no longer required to complete check-ins as often. These sales agents are then on their own most of the time by setting their own hours for work as long as they meet company goals.

4 0

2 years ago

When a business owner purchases a new truck on credit for his business,what impact does this purchase have on his owner's equity

-Dominant- [34]

Answer:

Assets = Liabilities + Owner's Equity. Answers will vary and should include a combination of revenues/gains (increases), expenses/losses (decreases)

Explanation: plz mark brainly

5 0

2 years ago

Read 2 more answers