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4 years ago

With scarcity at the base of all material economics the key operating principle is

1 answer:

4 0

With scarcity at the basis of all material economics, the key operating principle is Opportunity Cost. This is defined as the loss of potential gain from other alternatives when one alternative is chosen. If you have more of one thing, you must have less of another.

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What is the purpose of using predetermined overhead rates: Variation in cost assignment due to short-term variations in volume c

Sunny_sXe [5.5K]

Answer:

All of the answers are correct.

Explanation:

At the beginning of the accounting period a pre-determined overhead is computed by dividing the estimated overhead production by the estimated basis of operations. The default overhead rate is then applied to manufacturing, so that the standard cost for a product may be calculated

The purpose of using pretermined overhead rates are

Delays in product costing can be avoided

Variation in cost assignment due to seasonality can be prevented

Variation in cost assignment due to short-term variations in volume can be prevented

The Use of predetermined overhead rates serves all the above purposes

Hence, all answers are correct.

6 0

3 years ago

A third method for determining the forecasted cost at completion is to re-estimate the costs for all the remaining work to be pe

faust18 [17]

Answer:

A. the FCAC is less than the TBC

Explanation:

If the amount of cumulated actual costs is less than difference between the total budgeted cost and the re-estimate, then the FCAC is less than the TBC

3 0

3 years ago

Free contract is the _____.rivalry among sellers to attract customers while lowering costs concept that people may decide what a

creativ13 [48]

Almost positive the answer would be concept that people may decide what agreements they want to enter into

8 0

3 years ago

Read 2 more answers

If Joe to Go decides that a joint venture has too much risk and franchising does not provide enough financial payoff, what strat

Temka [501]

Answer:

It chooses (D) Direct investment exporting strategy

Explanation:

Countries in a few decades have made significant forward jumps towards a comprehensive domain, which has contributed incredibly to making worldwide business dealings free from restrictions. In the overall marvel of Globalization, outside direct speculation (FDI) is quickly turning into a significant factor in the commercial development of firms and nations.

For any firm to create and develop it needs to extend its exercises all around, and to accomplish that target; there are diverse market section modes accessible to the firm going from FDI.

5 0

3 years ago

Read 2 more answers

Pheasant Co. can further process Product B to produce Product C. Product B is currently selling for $30 per pound and costs $28

Gnom [1K]

Answer:

differential cost of producing product C = $24 per pound

Explanation:

given data

B currently selling = $30 per pound

produce cost = $28 per pound

C would sell = $60 per pound

produce additional cost = $24 per pound

to find out

What is the differential cost of producing Product C

solution

we get differential cost of producing product C is express as

differential cost of producing product C = cost of (B+C) - cost of B .............1

put here value we get

differential cost of producing product C = (28+24) - 28

differential cost of producing product C = $24 per pound

3 0

3 years ago