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2 years ago

When a firm prepares financial reports by using absorption costing,

1 answer:

8 0

When a firm prepares financial reports by using absorption costing, <span>profits may decrease with increased sales even if there is no change in selling prices and costs. When you absorb costs that means all of the manufacturing costs are absurd by the units produced. The final cost of the inventory will include direct matters, labor and both variable and fixed overhead to product the units. </span>

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If investors speculate in derivative contracts rather than the underlying asset, they will probably achieve ________ returns, an

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2 years ago

Milton Friedman helped to establish the economic theory of monetarism. Which statement best describes the idea of monetarism

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Monetary policy is the best way to influence economic growth.

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Milton Friedman became a U.S. economist and Nobel laureate known as the most influential propose of loose-marketplace capitalism and monetarism in the 20th century.

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1 year ago

What's the difference between life insurance and business insurance

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Explanation:

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3 years ago

8. Joe Davola planned to begin saving for his retirement starting next month. Joe’s plan was to invest $450 per month, starting

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3 years ago

The Work in Process Inventory account of a manufacturing company has a $11,625 debit balance. The company applies overhead using

Monica [59]

Answer:

The multiple choices are given below:

217%.

148%.

68%.

147%.

46%.

The correct option is 217%

Explanation:

Overhead applied can be determined using the below formula total cost formula:

The total cost of work-in-process inventory=direct material cost+direct labor cost+overhead applied

total cost of work-in-process is $11,625

direct material cost is $3,700

direct labor cost is $2,500

overhead applied is the unknown

$11,625=$3,700+$2,500+overhed applied

$11,625=$6200+overhead applied

overhead applied=$11,625-$6,200=$5,425.00

predetermined overhead rate=overhead applied/labor cost=$5,425.00/$2,500.00=217%

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3 years ago