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svetoff [14.1K]
3 years ago
14

Jason's Outdoors manufactures two products: snow skis and water skis. Jason's managerial accountant suspects that product cost d

istortion through factory overhead allocation is occurring where snow skis are underpriced and water skis are overpriced. As a result, all of the following statements are true except WHAT?
Business
1 answer:
Ainat [17]3 years ago
4 0

Answer:

Jason's accountant should consider a single plantwide rate to correct the problem.

Explanation:

If a company manufactures products that consume factory overhead costs in different ways, a single plantwide rate may not accurately allocate factory overhead costs to the products and cause cost distortions. Cost distortions can cause companies to lose sales and make incorrect decisions on expanding production.

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You have just signed a contract for your rental property and you will make monthly payments at the beginning of each month. Your
Mekhanik [1.2K]

Answer:

$9,760.48

Explanation:

Present value of annuity due = P* [[1 - (1+r)^-(n-1)] / r] + P. Where P = Periodic payment = $1,000, r = Rate of interest per period 4% (0.48/12), n = number of payments 12 (12*1)

Present value of annuity = $1000 * [[1 - (1 + 0.04)^-(12-1)] / 0.04] + $1000

Present value of annuity = $1000*8.760475 + $1000

Present value of annuity = $8760.48 + $1000

Present value of annuity = $9,760.48

3 0
2 years ago
When a supplier is restricted to operating during certain hours, which in turn limits its quantity supplied, the elasticity of s
enyata [817]

Answer:

C. less than 1

Explanation:

Supply is elastic if producers can increase output without a rise in cost or a time delay which means Price elasticity of supply is more than 1.

Supply is inelastic if producers find it hard to change production in a given time period which means Price elasticity of supply is less than 1.

When Price elasticity of supply equals 0 then supply is perfectly inelastic.

4 0
2 years ago
LO 6.3What is the proper order of tasks in an ABC system?
Y_Kistochka [10]

Answer:

Please see the naswer below

Explanation:

Activity-based costing ABC is a method for assigning costs to products, services projects, tasks, or acquisitions, based on the Activities that go into them  and the Resources consumed by these activities. Following is the proper order of tasks in an ABC system

1. Identify the primary activities and estimate a total cost pool for each.

2.Select an allocation base for each activity.

3.Calculate an activity cost allocation rate for each activity.

4. Allocate the costs to the cost object using the activity cost allocation rates.

7 0
3 years ago
What does the new york stock exchange (nyse) do?
Sauron [17]
Hey there,
It is located on Wall street new lower Manhattan and it is the world's largest stock exchange<span> by market capitalization of listed companies.

Hope this helps :))

~Top
</span>
8 0
2 years ago
Read 2 more answers
Last year Thomson Inc's earnings per share were $3.50, and its growth rate during the prior 5 years was 11.0% per year. If that
Semmy [17]

Answer:

10.52 years

Explanation:

We can work out the number of years using this relationship

V =P× (1+r)^n

V= tribe valeu  = 3×3.5 = 10.5

r-growth rate -11%

n- number of years- ?

10.5 = 3.5× (1.11)^n

<em>dividing both sides by 1.11^n</em>

1.11^n = 10.5/3.5

<em>taking the log of both sides</em>

n log 1.11 = log 3

n = log 3/log 1.11

n =10.52

5 0
2 years ago
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