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3 years ago

Which statement is false?

Business

1 answer:

WINSTONCH [101]3 years ago

3 0

Option B, The predetermined overhead allocation rate is based on actual costs.

Explanation:

The term "pre-set overall rate" refers to the allocation rate at the outset of a project, which is based on the expected cost of overhead output for a certain reporting period.

This rate is often used to make book closure quicker as it eliminates estimation of real overhead costs as part of the closing process at the end of the period. Nevertheless, at least at the end of every fiscal year, the disparity between the real and expected overhead sums must be reconciled.

The predetermined rate is derived by calculation as follows:

Estimated amount of manufacturing overhead to be incurred in the period ÷ Estimated allocation base for the period

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After finishing college, Nathan joined his uncle's company in Miami, FL, a company that buys bauxite, copper, and other minerals

julsineya [31]

After finishing college, Nathan joined his uncle's company in Miami, FL, a company that buys bauxite, copper, and other minerals from the country of Chile, and brings them into the U.S. Everyday, he brokers trades with mines in Chile. His uncle's company is in the export-The statement is False

Explanation:

From the information given in the question it is clear that company that buys bauxite, copper, and other minerals from the country of Chile, and brings them into the U.S.-So Nathan uncles company is an importer of bauxite, copper, and other minerals

The term importer refers to the country who imports goods and service from other countries.

For Example :India imports Oil. ,precious stones,Electronics,Heavy machinery,Organic chemicals,Plastics,Animal and vegetable oil,Iron and Steel.

Exporting means goods and services which are produced in one country are purchasedby other countries.

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3 years ago

Read 2 more answers

Gelb Company currently manufactures 43,000 units per year of a key component for its manufacturing process. Variable costs are $

Mashutka [201]

Answer:

It is cheaper to buy the component. At this level of production by $40,750.

Explanation:

Giving the following information:

Production= 43,000 units

Variable costs are $2.95 per unit

Avoidable Fixed costs= $73,000 per year

Unavoidable fixed costs= $77,500 per year.

The company is considering buying this component from a supplier for $3.70 per unit.

We need to calculate the cost of producing and buying and choose the best option.

Production:

Total cost= 43,000*2.95 + 73,000= $199,850

Buy:

Total cost= 43,000*3.7= $159,100

It is cheaper to buy the component. At this level of production by $40,750.

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miss Akunina [59]

C. prototyping, does it makes sense now.

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xeze [42]

The answer of this one is false

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1 year ago