Answer:
A. allocated during the period is greater than the actual amount incurred.
Explanation:
As we know that
Manufacturing cost is the sum of direct material cost, direct labor cost and the manufacturing overhead cost
In mathematically,
Manufacturing overhead cost = Purchase of direct material + Direct labor cost + Manufacturing Overhead cost
When the manufacturing overhead shows the over allocated that means the allocated amount is more than the actual amount incurred and if there is under allocated the condition would be opposite
Answer:
PV= $18,763.56
Explanation:
Giving the following information:
Annual payment (A)= $2,374
Number of payments= 13
Discount rate (i)= 8%
<u>To calculate the present value, we need to use the following formula:</u>
<u></u>
PV= A*{(1/i) - 1/[i*(1 + i)^n]}
PV= 2,374*{(1/0.08) - 1 / [(0.08*(1.08^13)}}
PV= $18,763.56
Answer:
B. Net income will be too high.
Explanation:
Revenue will be overstated instead of liabilities. overstatement in revenue will lead to the higher net income in current period. On the other hand liabilities are overstated. Entry to cash is accurately done and it will not effect due to this error. So the correct option is B. Net income will be too high.
<span>A firm is located along a
river, which uses water from the river to cool its machinery and returns the
water to the river several degrees warmer, which has led to a decline in the
fish population downstream of the firm. If the firm does not have to pay for
the damage to the downstream fish, the market equilibrium price will be efficient
and the market equilibrium quantity will be efficient.</span>
Answer:
D. maturity
Explanation:
A product life cycle is divided into four, namely, introduction, growth, maturity, and decline. The concept of the product life's cycle is used as a decision-making tool to help management know when to expand to new markets, increase advertising, adjust prices, or redesign a product.
The maturity cycle is the third stage of a product life cycle. At this stage, sales revenues and sale volume reach the peak. The market get saturated with very few new customers. The product growth becomes stagnant. Profits may begin to decline at this stage.
