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3 years ago

Manufacturers follow four steps to implement a manufacturing overhead allocation system. The last step is to:

1 answer:

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Answer: Manufacturers follow four steps to implement a manufacturing overhead allocation system. The last step is to: " B. Allocate some manufacturing overhead to each individual job ".

Explanation: The steps to implement a manufacturing overhead allocation system are:

1) Obtain a detailed list of all general manufacturing costs.

2) Choose an allocation base (machine hours, direct labor hours) to divide the general factory costs by this allocation base and assign general costs to each production unit.

3) The total allocation base is divided by the units produced to know the amount of manufacturing overhead associated with each unit.

4)"B. Assign some general manufacturing expenses to each individual job." For example, product X requires 2 hours of work to produce it and product Y one hour, higher general manufacturing costs will be assigned to product X

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quizlet calaf’s drillers erects and places into service an off-shore oil platform on january 1, 2021, at a cost of $10,000,000.

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quizlet calaf’s drillers erects and places into service an off-shore oil platform on january 1, 2021, at a cost of $10,000,000. calaf is legally required to dismantle and remove the platform at the end of its useful life in 10 years. calaf estimates it will cost $1,000,000 to dismantle and remove the platform at the end of its useful life in 10 years. (the fair value at january 1, 2021, of the dismantle and removal costs is $450,000.) prepare the entry to record the asset retirement obligation.

Oil Platform 450,000

Asset Retirement Obligation 450,000

What is asset retirement obligation?

An asset retirement obligation is a contractual requirement for the retirement of a tangible long-lived asset, the timing of which may depend on the occurrence of a future event outside the control of the entity bearing the obligation.

Therefore,

Oil Platform 450,000

Asset Retirement Obligation 450,000

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1 year ago

Rational choice theorists would define the behavior of corporate executives who outsource many jobs to countries where the cost

STALIN [3.7K]

Answer: Instrumental

Explanation:

Rational choice theory, is a school of thought which is based on the assumption that individuals will choose a course of action which goes in line with what they personally prefer.

For the instrumental rationality, it has to do with looking for the most cost effective method in order to achieve a particular objective. Therefore, the behavior of corporate executives who outsource jobs to other countries where labor cost is cheaper than in the United States is defined as being instrumental.

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3 years ago

Explain the following term:- a)market segment

SIZIF [17.4K]

Answer:Market segmentation is a marketing term that refers to aggregating prospective buyers into groups or segments with common needs and who respond similarly to a marketing action

Explanation:

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3 years ago

Read 2 more answers

Based on expected production of 6,000 units, a company reports the following costs: direct materials cost of $4 per unit, direct

Akimi4 [234]

Answer:

Net operating income= $32,000

Explanation:

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

First, we need to calculate the unitary fixed overhead and unitary total cost:

Unitary fixed overhead= 60,000 / 6,000= $10

Unit product cost= direct material + direct labor + total unitary overhead

Unit product cost= 4 + 8 + 3 + 10

Unit product cost= $25

Now, the net operating income:

Net operating income= Sales - COGS - Total variable selling and administrative expenses

Net operating income= 4,000*40 - 25*4,000 - (2*4,000 + 20,000)

Net operating income= 160,000 - 100,000 - 28,000

Net operating income= $32,000

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2 years ago

Lester is giving a presentation at a business conference. So many people have signed up for his session that it has been moved t

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For Lester to use the room to his advantage while delivering the presentation, Lester should stand upright behind a podium to project authority.

<h3>What are the principles of a good presentation?</h3>

The principles of a good presentation include:

Visual communication
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Consistency of style
Maintaining audience focus
Clear explanations and brief answers to questions.

Thus, as humans remember images and words better than words alone, Lester should, in addition to using visual communication, use a podium to gain authority.

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1 year ago