All categories

3 years ago

Which of the following are advantages of using the plantwide overhead rate method?

Business

1 answer:

AlexFokin [52]3 years ago

6 0

Answer:

Which of the following are advantages of using the plantwide overhead rate method? Option B is the most suitable answer - The necessary information is readily available. It is more accurate than traditional overhead allocations.

Explanation:

Majorly, the advantage of applying the plantwide overhead rate method is that the necessary information is readily available.

Therefore, option B is the most suitable answer.

You might be interested in

PepsiCo, Inc. (PEP) reported the following information about its long-term debt in the notes to a recent financial statement (in

Ann [662]

The long-term debt was disclosed as a current liability on the current year's December 31 balance sheet $4,096.

Given Data provided in the question:

Current Year Preceding Year

Total long term-debt $27,917 $26,557

Current portion (4,096) (2,224)

Long-term debt $23,821 $24,333

Now,

The long-term debt was disclosed as a current liability on the current year's December 31 balance sheet will be the amount equal to the current portion for the current year

Therefore, the answer is $4,096

<h3>What is Current Liability?</h3>

A current liability is:

An obligation that will be due within one year of the date of the company's balance sheet, and
Will require the use of a current asset or will create another current liability

However, if a company's normal operating cycle is longer than one year, current liabilities are the obligations that will be due within the operating cycle.

Current liabilities are usually reported as a separate section of a company's balance sheet. This allows readers to subtract their total from the company's total amount of current assets in order to determine a company's working capital. (Dividing current assets by the current liabilities is the company's current ratio.)

Your question is incomplete, but most probably your full question was:

PepsiCo, Inc. (PEP) reported the following information about its long-term debt in the notes to a recent financial statement (in millions): Long-term debt consists of the following: December 31 Current Year Preceding Year Total long term-debt $27,917 $26,557 Current portion (4,096) (2,224) Long-term debt $23,821 $24,333 a. How much of the long-term debt was disclosed as a current liability on the current year's December 31 balance sheet.

Learn more about Current liabilities on:

brainly.com/question/17367380

#SPJ4

8 0

1 year ago

Because Mei-ling has had such a successful first few months, she is considering other opportunities to develop her business. One

rosijanka [135]

Answer:

1. "Would you consider these mixers to be inventory or should they be classified as supplies or equipment?" Why?

The mixers will be part of merchandise inventory since Mei-ling is purchasing them and will later resell them at a higher price and hopefully make a profit. Products classified as supplies or equipment are used by the company in their day to day activities and are not meant for resale.

2. "I’ve learned a little about keeping track of inventory using both the perpetual and the periodic systems of accounting for inventory. Which system do you think is better? Which one would you recommend for the type of inventory that I want to sell?"

The perpetual inventory system is much better than the periodic inventory system, but it is also more expensive to use. Depending on the number of mixers that are going to be sold, you can do it hand or use a computer software which would make things much easier, but you need to spend time (labor) and money to do so.

If Mei-ling is expecting to sell only a small number of mixers, then she could use a periodic inventory system which is much more simple and is only updated every certain period of time (monthly, quarterly, semiannually or annually). This is a cheaper system but it is the best alternative.

3. "How often do I need to count inventory if I maintain it using the perpetual system? Do I need to count inventory at all?"

Even if you use the perpetual inventory system, you will eventually need to physically count your inventory in order to make sure that the records have been properly made, but you could do it once or twice a year. Again it depends on the total units that she expects to have in inventory.

7 0

3 years ago

Janis parker is in charge of marketing for a department store sale. during previous sales, she has had success using only radio

NikAS [45]

Answer:

Past success

Explanation:

During previous sales, Janis had success using only radio advertisements to draw customers into the store for a sale. When her colleague suggests tv commercials as another approach to marketing, she was resistant to change because of her past success with radio advertisements.

8 0

3 years ago

By diversifying, investors help minimize ________

Yuliya22 [10]

By diversifying, investors help minimize : Risk

In investment term, diversifying means placing your investments into SEVERAL TYPE of investments (Such as placing some on bonds, placing some on IT market, placing some investment on food products, etc). By doing this, you won't lost all of your investment in case one type of market crashed down.

8 0

3 years ago

At the beginning of the month, the Forming Department of Martin Manufacturing had 11,000 units in inventory, 40% complete as to

emmainna [20.7K]

Answer:

Materials ⇒ 70,725 units
Conversion ⇒ 68,600 units

Explanation:

Using the weighted average method, the equivalent units are the Units transferred out plus the equivalent closing inventory.

Materials:

= Units transferred out + Closing equivalent units

= 63,500 + (85% * 8,500)

= 70,725 units

Conversion:

= 63,500 + (60% * 8,500)

= 68,600 units

3 0

3 years ago