True, When a currency is experiencing high inflation, then it’s buying power is decreasing, and investors like me will not want to hold it.
Answer:
It is Conciseness (D)
Explanation:
Comparability : the financial information produced should be capable of being compared over time and with similar information about other entities.
Timeliness : Financial information should be provided within a time scale suitable for the users decision making purposes.
Reliability : Information contained in the financial reports should inspired confidence in their users which they can rely on in making relevant decision.
Conciseness : This is not part of financial information characteristics.
Answer:
a. Rate charged per hour of labor = [Total Budgeted Costs (Time Charges) / Number of Hours + Profit margin]
Rate charged per hour of labor = [$334,400/7,600 + $35]
Rate charged per hour of labor = $44 + $35
Rate charged per hour of labor = $79
b. Calculation of Material Loading percentage:
= [$40,000 + $10,500 + $28,000] / $400,000
= $78,500 / $400,000
= 0.19625
= 19.63%
What upgrade are you talking about
Answer:
$149,000
Explanation:
Computation for the relevant costs of producing 2,400 units of product PQ107 internally
Using this formula
Relevant Costs = Incremental Costs = Incremental Variable Costs + Incremental
Let plug in the formula
Relevant Costs = [(2,400 units × $31/unit) + (2,400 units × $19/unit) + (2,400 units × $8/unit)] + $9,800
Relevant Costs=$74,400+$45,600+$19,200+$9,800
Relevant Cost =$149,000
Therefore the relevant costs of producing 2,400 units of product PQ107 internally are $149,000
