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andrey2020 [161]
3 years ago
12

Financial Planning Partners​ Inc., employs 12 fulltime CPAs and 10 paraprofessionals. Direct and indirect costs are applied on a

professional laborhour basis that includes both attorney and paraprofessional hours. Following is information for​ 2018: Budget Actual Indirect costs Annual salary of each attorney Annual salary of each paraprofessional Total professional laborhours dlh dlh When using a normal costing​ system, yearend accounting records will show that indirect costs are​ ________. A. perfectly allocated B. within budget C. overallocated D. underallocated Click to select your answer.
Business
1 answer:
mihalych1998 [28]3 years ago
5 0

The correct answer is C) overallocated.

When using a normal costing​ system, yearend accounting records will show that indirect costs are​ overallocated.

This means that in any business, overallocation is when resources are not correctly allocated to the departments or activities needed. SO when planning a project, overallocation can be the mistake of assig more resources to one side of the project, department, area, or unit. This implies the idea that other departments or activities are gings to lack the proper funding to do their work. Of course, overallocation can affect the results of the project or the time is needed to get it done.

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In the production of textiles, women would gather and clean the fibers. Once these were complete, the next step would be to ____
svlad2 [7]

Answer: The correct answer is "b. comb and sort the fibers.".

Explanation: Once these were complete, the next step would be to <u>comb and sort the fibers.</u>

The first step was to gather and clean the fibers and then comb and classify the fibers according to their nature.

8 0
3 years ago
Pretax accounting income for the year ended December 31, 2021, was $53 million for Truffles Company. Truffles' taxable income wa
Anuta_ua [19.1K]

Answer:

$17,820,000

Explanation:

The amount of tax due to government authorities for the current period is referred to as current portion of income tax expense. It is calculated by product of current or enacted tax rate and taxable income for the period

Taxable income for 2021 = $66million

Enacted or current tax rate for 2021 = 27%

Current portion of income tax expense for 2021 = Taxable income x current tax rate = $66 million x 27% = $17,820,000million

Hence Current portion of income tax expense = $18 million

4 0
3 years ago
As the owner of a party store, you have decided to lower the price for all balloons this month. What do you expect to happen?
Ulleksa [173]

Answer:

Quantity demanded for balloons will increase.

Explanation:

According to the law of demand, there is an inverse relationship between the price of the commodity and the quantity demanded for that commodity.

This means that if there is an increase in the price of a good then as a result the quantity demanded for that good decreases and on the other hand if there is a fall in the price of a good then as a result the quantity demanded for that good increases.

Therefore,

Fall in the price of balloons will lead to increase the quantity demanded for balloons.

3 0
3 years ago
Explain the requirements for putting together an Affirmative Action Plan (AAP). Include a discussion on mandatory and non-mandat
Sedbober [7]
Once a company reaches 50 or more employees, and meets any of the below criteria, it has 120 days to create an Affirmative Action Plan. Every year the company remains larger than 50 employees and meets the federal contracts guidelines listed below, it is required to update the plan to track changes in employee population and employee transactions.

In some instances, companies are required to implement an Affirmative Action Plan without a direct government contract. If government contractors purchase at least $50,000 worth of goods to fulfill their obligations on a government contract, then the goods’ seller is also subject to the OFFCP’s laws.

A prime example is a hardware company which sells screws to a company that builds Navy submarines. Although there’s no direct contract with the government for the hardware company, accepting the order as part of a government contract makes it a bill of lading, and if it exceeds $50,000 total revenue on those deals, then both sides must comply with Affirmative Action law.

3 0
3 years ago
An internship in high school will help you stand out from others when applying for colleges
zaharov [31]

I belive the answer would be B: True

7 0
4 years ago
Read 2 more answers
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