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mylen [45]
3 years ago
15

Kerekes Manufacturing Corporation has prepared the following overhead budget for next month.

Business
1 answer:
Blizzard [7]3 years ago
6 0

Answer:

Detailed solution is given below in attached diagram:

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Which accurately explains how profit is calculated? A. Benefits and costs are balanced. B. Total retail sales are determined. C.
andre [41]

Answer:

Costs are subtracted from revenues.

Explanation:

As we know  

Profit is calculated when the cost is subtracted from revenues.  

In mathematically,  

The profit = Revenues - cost  

The profit which would be calculated above is shown in the debit side of the income statement.  

As the income statement records all the expenses or cost incurred and all the revenues which are generated

6 0
2 years ago
Choose the appropriate stage of the venture life cycle in which the following activities would occur.
Aleksandr [31]

Answer:

  • Transition from one-person leadership to team management leadership  - Growth
  • New-product development  - Innovation or decline
  • Search for capital - Start-up
  • Increased competition  - Stabilization
  • Venture assessment - New-Venture Development
  • Attempts to acquire other firms  - Innovation or decline
  • Consumer indifference to the entrepreneur's goods or services  - Stablization
  • Accumulation of resources  - New-Venture Development
  • Major changes in entrepreneurial strategy  - Growth
  • Development of an effective entrepreneurial team - Start-up

7 0
3 years ago
Lower of Cost or Market The accountant for Murphy Company prepared the following analysis of its inventory at year end: Item Uni
Nina [5.8K]

Answer:

  $52,860

Explanation:

The computation of the ending inventory using the  lower of cost or market method is shown below:

Product                    Cost           Net realizable value Lower of cost or NRV

RSK-89013 600 × $38 = $22,800 600 × $47 = $28,800   $22,800

LKW-91247 420 × $47 = $19,740     420 × $40 = $16,800        $16,800

QEC-57429  510 × $26 = $13,260    510 × $32 = $16,320         $13,260

Carrying value of the ending inventory is                                       $52,860

7 0
2 years ago
What is the primary objective for a for-profit business
sattari [20]

Answer:

the primary objective, or purpose of a for-profit business is to maximize profits for the owners while maintaining corporate social responsibility.

can i have brainliest

4 0
3 years ago
Which of the following costs are not inventoriable? A : buying costs of a purchasing department B : selling costs of a sales dep
Drupady [299]

<u>Answer:</u>

<em>B) Selling costs of a sales department  are not inventoriable</em>

<em></em>

<u>Explanation:</u>

The inventoriable price is the cost from the provider in addition to all costs essential to get the thing into stock and prepared available to be purchased, for example, cargo in. For a maker, the item expenses incorporate direct material, direct work, and the assembling overhead (fixed and variable).

Inventoriable costs once in a while fluctuate, starting with one industry then onto the next, and they additionally vary, starting with one provider then onto the future down the store network.

7 0
3 years ago
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