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densk [106]
3 years ago
10

Which of the following is true of relevant costs? a.Relevant costs are past costs that do not differ from one alternative to ano

ther. b.Relevant costs have no effect on decision making. c.Relevant costs are sunk costs that alter future decisions. d.Relevant costs are future costs that differ across alternatives.
Business
1 answer:
Sloan [31]3 years ago
7 0

Answer:

D

Explanation:

Relevant cost are cost that affects future cash flows. Cost that differ across alternatives are also relevant but are known as variable cost. All variable cost are relevant but not all relevant cost are variable.

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The following transactions of Acer Downyoccurred during 2018​:
klasskru [66]

Answer:

Acer Downy (Landing)

1. Journal Entries:

April 30

No Journal Entries Required

Jun. 30

Debit Warranty Expense $8,400

Credit Warranty Payable $8,400

Jul. 28

Debit Warranty Payable $5,800

Credit Cash Account $5,800

Sep. 30

Debit Legal Expenses $110,000

Credit Copyright Violation Claims $110,000

Dec. 31

Debit Warranty Expense $9,200

Credit Warranty Payable $9,200

b. Balance in Estimated Warranty Payable:

Jun. 30 Warranty Expense $8,400

Jul. 28  Cash Account       ($5,800)

Dec. 31 Warranty Expense $9,200

Balance                               $11,800

Explanation:

1. Since it is estimated that it was remote for Landing to lose the case, there is allowance made for the legal consequences.  It will be disclosed in the notes that such a lawsuit was confronting Landing.

2. Warranty costs are part the costs of its selling expenses and therefore part of its SG&A expenses.  The accounting entries are to debit Warranty Expense and to credit Warranty Liability or Payable.  Warranty expenses arise from warranty claims put forward by customers for the repair or replacement of, or compensation for non-performance or underperformance of an item as provided for in its warranty document.

3. Copyright (Intellectual Property Rights) infringement or piracy is the use of works protected by copyright law without the required permission.   The violation infringes some certain exclusive rights granted to the copyright holder, such as the right to reproduce, distribute, display, etc.

4. When a liability becomes probable, there should be an allowance for it.

4 0
2 years ago
"in my opinion, we ought to stop making our own drums and accept that outside supplier's offer," said wim niewindt, managing dir
algol13

Answer:

In my opinion we ought to stop making our own drums and accept that outside supplier's offer and moreover is discussed below in detail.

Explanation:

1.                                                                          Calculation              Amount ($)

Direct material                                                   75000*10.65               798,750

Direct labor                                                        75000*9*(1-0.25)         506,250

variable overhead                                             75000*1.6(1-0.25)          90,000

Cost of supervision                                                                                   52,500    

rent                                                                                                           157,500

total relevant cost of making                                                               1,605,000  

Less: cost to purchase                                      75000*21                   1,575,000      

Financial Advantages/ {disadvantages}                                                  30,000

2.                                                                      Calculation               Amount ($)

Direct material                                                  87500*10.65              931,875

Direct labor                                                    87500*9*(1-0.25)          590,625                    

variable overhead                                        87500*1.6*(1-0.25)          105,000            

Cost of supervision                                                                                 52,000

rent                                                                                                         157,500

total relevant cost of making                                                              1,837,500

Less: cost to purchase                                  87500*21                      1,837,500                    

Financial Advantages/ {disadvantages}                                                           0    

3.                                                                  Calculation                    Amount ($)

Direct material                                              105000*10.65                  1,118,250

Direct labor                                                   105000*9*(1-0.25)             708,750

variable overhead                                        105000*1.6*(1-0.25)           126,000              

Cost of supervision                                                                                   52,500          

rent                                                                                                           157,500

total relevant cost of making                                                               2,163,000

Less: cost to purchase                                   105000*21                   2,205,000

Financial Advantages/ {disadvantages}                                              *   42,000

6 0
3 years ago
Helping a new employee learn the ropes of the organization and fit easily into the new job is known as ______.
Viefleur [7K]

Helping a new employee learn the ropes of the organization and fit easily into the new job is known aa <u>orientation </u>in human resource development .

<h3>Human resource development </h3>

Human resource development (HRD) is defined as the cultivation of an organization's employees. It entails providing workers with skills and relevant knowledge that may help them to grow in the workplace. That makes human resource development an integral part of human resource management.

Learn more about human resource development :

brainly.com/question/20749711

#SPJ4

3 0
2 years ago
A ________ is a plan that integrates the marketing mix to provide a good, service, or idea to prospective buyers.
taurus [48]

A marketing program is a plan that integrates the marketing mix to provide a good, service, or idea to prospective buyers.

<h3>What is marketing ?</h3>

This is a process of drawing the attention of people or consumers a company's product or services. The aim is to create awareness about the products and also bring about immediate sale.

A Marketing Program is a company's strategy to increase sales by marketing its products to consumers.  It is a well-designed set of objectives with practical action plans.

The Marketing Program is very wide hence caters to marketing elements which are advertising, brand and logo design and websites. It is to be noted that the 4Ps of marketing mix which are Product, Place, Price, and Promotion, play a pivotal role in designing marketing programs.

Learn more about marketing here: brainly.com/question/6988222

#SPJ1

4 0
1 year ago
As the price of good X rises from $10 to $12, the quantity demanded of good Y rises from 100 units to 114 units. Are X and Y sub
Darina [25.2K]

Answer: Substitute

Explanation:

Substitute goods are the goods that can be used for the same purpose. Complement are the goods that are used together e.g. car and petrol.

It should be noted that when the price of a good increase, people move to the substitute and this will being about the rise in the quantity demanded of the other good.

Therefore, as the price of good X rises from $10 to $12, the quantity demanded of good Y rises from 100 units to 114 units shows that the are substitutes.

4 0
2 years ago
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