All categories

3 years ago

Each of the following are types of__________allocation methods:

Business

1 answer:

storchak [24]3 years ago

5 0

Answer:

Each of the following are types of Overheads allocation methods.

Explanation:

Factory overheads such as rent, electricity or water can not be traced directly to a cost object.

When determining the cost of a cost object these overheads are apportioned to departments they pass through for processing or the actual job using an allocation method.

The common methods for allocating overheads are plant-wide rate method, departmental overhead rate method and activity-based costing method.

You might be interested in

This is the expense for a good or product that changes in proportion to the activity of the company.

satela [25.4K]

Answer:

Variable costs

Explanation:

Variable costs are those that vary with the level of activity of the company. For example, raw materials are a variable cost. If you sell 10 units at $1 per unit, the variable cost is $10. If you sell 15 units it's $15. Fixed cost remains the same regardless of the number of units sold.

8 0

3 years ago

Connie thinks that her salary and tax rate for next year will be lower than for this year. What step should she take to minimize

Lelechka [254]

Answer:

d. Accelerate deductions

Explanation:

Tax acceleration is a way that a taxpayer is able to hasten tax deduction.

Taxi is paid in the year that it was incurred instead of in the subsequent year.

This way tax expense that will be paid from the current year is reduced and tax income will increase.

In the given scenario where Connie thinks that her salary and tax rate for next year will be lower than for this year, the best way to minimise her tax expense starting this year is by tax acceleration

5 0

3 years ago

If you ask yourself whether you care more about what people think of you as part of their group or whether you care more about s

lara [203]

If you ask yourself whether you care more about what people think of you as part of their group or whether you care more about showing people your cool vampire costume, the Peter Drucker's questions are you answering is (3) What does your customer value?

Explanation:

The five questions given by Peter Drucker are:

1. What is your mission?

2. Who is your customer?

3. What does your customer value?

4. What results do you seek?

5. What is your plan?

As stated in the question

"If you ask yourself whether you care more about what people think of you as part of their group or whether you care more about showing people your cool vampire costume"

<u>The question that we are answering through the above statement is question 3.(i.e. What does your customer value?)</u>

7 0

3 years ago

James Corporation owns 80 percent of Carl Corporation’s common stock. During October, Carl sold merchandise to James for $250,00

Setler [38]

Answer:

unrealised profit on unsold stock with james corporation = $30000

so correct option is b. $30,000

Explanation:

owns = 80 %

sold = $250,000

inventory = 40 %

Gross profit = 20 %

Gross profit = 30 %

amount of intra entity gross profit

solution

unsold stock with james corporation are = 40 % of $250000

unsold stock with james corporation = $100,000

and

unrealised profit on unsold stock with james corporation is in consolidated statement is = unsold stock with james corporation × profit rate i.e 30%

unrealised profit on unsold stock with james corporation = $100000 × 30%

unrealised profit on unsold stock with james corporation = $30000

so correct option is b. $30,000

4 0

3 years ago

Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation: Acquire

cupoosta [38]

Answer:

Total Assets $84,800

Explanation:

Calculation for Maben TOTAL ASSETS

1 Cash increased $ 32,000

2 Cash increased $ 38,000

3 Cash increased by cash revenue $ 50,000

4 Cash decreased by expenses paid ($ 46,000)

5 Cash decreased by the amount of dividend ($ 1,200)

6 Cash received from issue of stock $ 22,000

7 Cash paid to reduce liability ($10,000)

8 Does not have effect on Total Assets $ -

9 It will not be considered for accounting $ -

TOTAL ASSETS $ 84,800

Therefore the amount of total assets that Maben would report on the December 31, Year 1, balance sheet will be the amount of $84,800.

6 0

3 years ago