1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Murljashka [212]
3 years ago
8

The predetermined overhead allocation rate is an estimated overhead cost per unit of the allocation base and is calculated at th

e beginning of the accounting period. True or False
Business
1 answer:
BaLLatris [955]3 years ago
7 0

Answer:

TRUE

Explanation:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

The expected overhead cost for the period are allocated over a cost driver ussually; labor hours, machine hours or labor cost.

This is done when the company generated their budget for the upcomming period thus, at the beginning of the accounting period.

Then, at year-end or end-of-the-month the company will adjust the overhead against the actual overhead cost.

You might be interested in
Which inventory costing method results in the lowest net income during a period of rising inventory​ costs?.
scoray [572]

Due to the greatest cost of goods sold, the LIFO (Last In Last Out) technique displays the lowest net profitability. Compared to the other techniques of inventory valuation, the cost of goods sold for the LIFO approach is the greatest.

<h3>Which technique of inventory valuation will result in the lowest net profit?</h3>

The application of LIFO will produce the lowest net income and the greatest estimated cost of goods sold among the three options during periods of inflation.

<h3>Which method of inventory has the lowest income tax rate?</h3>

LIFO is the inventory cost flow method that yields the lowest income tax liability. A form of inventory cost flow mechanism called last-in-first-out (LIFO) operates under the presumption that the last item acquired will be the first item to be sold.

<h3>In an era of inflation, which inventory method results in the lowest income tax?</h3>

Due to increasing COGS, LIFO leads to reduced net income (and taxes). However, under LIFO during inflation, there are fewer inventory write-downs. Results from average cost are in the middle of FIFO and LIFO.

To Know more about techniques

brainly.com/question/13655064

#SPJ4

7 0
1 year ago
When people have insurance against a certain event, the notion that those people are less likely to guard against that event occ
sp2606 [1]

Answer: When people have insurance against a certain event, the notion that those people are less likely to guard against that event occurring is called a <u>moral hazard.</u>

Explanation: Moral hazard happens frequently in cases of insurance. If a person has a house, they can decide to install a vault because it reduces the risk of being robbed;

However, when the same person has arranged an insurance that covers the risk of theft of the house, they will have fewer incentives than in the previous situation, to install the security door and ultimately it will be able to increase the probability of the loss in this Theft case. This behavior, for example, before insurance coverage is called moral hazard.

4 0
3 years ago
True or False: Caffeine and other energy boosters can be used to effectively compensate for fatigue.
seropon [69]
True caffeine and other energy boosters can be used to effectively compensate for fatigue.
8 0
3 years ago
Read 2 more answers
3 Balance sheet items for Nadew Travel Service were as follows at Dec. 31, 2018. Accounts payable Br. 23,100 Land Br. 90,000 Acc
deff fn [24]

Answer

1, 2018. Accounts payable Br. 23,100 Land Br. 90,000 Accounts receivables 52,000 Notes payable 100,900 Building 54,800

Explanation:

5 0
2 years ago
If productivity increases significantly and demand is not very elastic, what is likely to happen?
spayn [35]

Answer:

B. Fewer workers will be needed.

Explanation:

Elastic demand refers to a flexible demand. It is a demand that can increases or decreases due to several factors. If demand is not elastic, it implies it is constant. An increase or decrease in output or price will not affect the quantity demanded.

An increase in productivity means an increase in output per worker. It is the increase in the number of units produced, per hour, per worker. An increase in productivity results in more output in a given period than previously.

If the demand is constant and there is an increase in productivity, only a few workers will be required. The output from the few workers will be high to meet the constant demand.

4 0
3 years ago
Read 2 more answers
Other questions:
  • Entries for Issuing Stock On January 22, Zentric Corporation issued for cash 160,000 shares of no-par common stock at $8. On Feb
    12·1 answer
  • Who is responsible for maintaining property records and issuing marriage licenses?
    15·1 answer
  • No More Pencils, Inc., disburses checks every two weeks that average $87,000 and take six days to clear. How much interest can t
    13·1 answer
  • What two elements normally must exist before a person can be held liable for a crime
    10·2 answers
  • When its sales were declining, canadian airline conducted a marketing survey to understand the expectations of the business trav
    5·1 answer
  • On December 30 of the current year, Leigh Museum, a nongovernmental not-for-profit entity (NFP), received a $7 million donation
    5·1 answer
  • Use the data (In $Millions) below from the latest Integrated Program Management Report (IPMR) from your contractor: BCWS BCWP AC
    8·1 answer
  • As part of a good Section 351 transaction Andy contributes his business with a basis of $200,000 in exchange for $300,000 worth
    12·1 answer
  • I'm getting pretty desperate plz help me, I'll give brainiest, and ill make a free question worth 100 points this is for coding
    5·2 answers
  • Do you consider it morally and ethical wrong to pay bribes through an agent entering an international market faster, receiving n
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!