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3 years ago

14

Which of the following are considered to be product costs under absorption costing? I. Variable manufacturing overhead. II. Fixe

d manufacturing overhead. III. Selling and administrative expenses.

1 answer:

gavmur [86]3 years ago

8 0

Answer:

I and II

Explanation:

The key costs assigned to products under an absorption costing system are:

Direct materials. Those materials that are included in a finished product.

Direct labor. The factory labor costs required to construct a product.

Variable manufacturing overhead. The costs to operate a manufacturing facility, which vary with production volume. Examples are supplies and electricity for production equipment.

Fixed manufacturing overhead. The costs to operate a manufacturing facility, which do not vary with production volume. Examples are rent and insurance.

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svet-max [94.6K]

Answer:

C). I, II, and IV only

Explanation:

The Association of Southeast Asian Nations (ASEAN), the European Union (EU), and the North American Free Trade Agreement (NAFTA) are bodies that promote trade and economic cooperation among member countries. They are treaties that aim are accelerating economic and social integration by eliminating or minimizing restrictions on the movement of people and commodities across borders.

Opec is an association of oil-producing countries. Its objective is to have similar oil policies in member countries. Opec is a cartel-like group that aims at controlling international oil prices.

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3 years ago

If a department that uses process costing starts the reporting period with 100,000 physical units that were 20% complete with re

Naddika [18.5K]

Answer:

The correct answer is True

Explanation:

In calculating the equivalent units with respect to labor,the physical units at the start of the period is multiplied by the percentage of completion.

In other words, the equivalent units is shown thus:

Equivalent units =100000 units*20%

Equivalent units =20000 units

This implies that labor has carried out 20% of the work required to transform the 100000 units into finished products,since only 20% work is completed, the remaining 80% is expected in the next period.

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3 years ago

A firm wants to use an option to hedge 12.5 million in receivables from New Zealand firms.The premium is $.03. The exercise pric

morpeh [17]

Answer:

d. $6,500,000 dollars

Explanation:

Hedging is a strategy used by investment firms that want to minimize the risk of loosing their investments, so what they basically do is giving up the actions and investments and get some money in return, the exercise price is what they will pay you for your total investment, and the premium fee is somthing you have to pay to hedge an investment:

So you multiply the 12.5 million by .55 which is the amount you´ll receive, and withdraw form that the premium:

12,500,000x.55=$6,875,000

12,500,000x.03=$375,000

$6.875,000-$375,000= $6,500,000

The firm will receive $6,500,000 dollars.

3 0

3 years ago

Which group of words bet describes wants?

NemiM [27]

Answer:

unlimited, changing, and competing

Explanation:

3 0

3 years ago

During 2021, Farewell Inc. had 504,000 shares of common stock and 52,000 shares of 5% cumulative preferred stock outstanding. Th

alexandr402 [8]

Answer:

The correct answer is $5.15.

Explanation:

Preference Dividend = Shares × Par Value Of Per Share × Cumulative Rate%

= 52,000 × $100 × 5%

= $260,000

Common Shares Equivalent From Stock Option = 1 ÷ Market Price Of Common Stock Average Per Share × Farewell Granted Stock On Jan.1 × Right To Buy Share

= 1 ÷ $34 × 14,000 × 20

= 8,235.29

Calculation Farewell Diluted Earning Per Share= Net Income - Preference Dividend ÷ (Common Shares Equivalent From Stock Option+Common Shares)

=2,900,000-260,000 ÷ ($8,235.29 + 504,000)

=2,640,000 ÷ 512,235.29

= $5.15

7 0

3 years ago