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
Tanya [424]
3 years ago
14

When activity-based costing is used to apply overhead to products, support department costs are referred to as Group of answer c

hoices support activity costs department activity costs multiple activity costs activity-based department costs
Business
1 answer:
Rainbow [258]3 years ago
3 0

Answer:

Activity-based department costs

Explanation:

Activity Based Costing refers to a method : that allocates the cost of activities in organisation among produced goods & services, in proportion to that activity consumed by each good & service.

The model is  a better representative of particular goods & services production costs, unlike conventional cost methods - that divide the activity cost among each good or service equally. It assigns more indirect (overhead) costs into direct costs compared to Conventional Costing.

So, the approach states that overhead to products, supporting department costs - are referred to as <u>Activity Based</u> Department Costs

You might be interested in
Lucky Inc. reported sales revenue of $385,000, operating expenses of $65,000, and a net loss of $23,000 for the most recent fisc
Mademuasel [1]

Answer:

$343,000

Explanation:

Given that,

Sales revenue = $385,000

Operating expenses = $65,000

Net loss = $23,000

Gross profit:

= Net loss + Operating expenses

= - $23,000 + $65,000

= $42,000

Cost of goods sold:

= Sales revenue - Gross profit

= $385,000 - $42,000

= $343,000

Therefore, the amount of cost of goods sold for the Lucky is $343,000.

3 0
3 years ago
Cave Hardware's forecasted sales for April; May; June; and July are $ 170,000; $ 230,000; $ 190,000; and $ 260,000; respectively
PIT_PIT [208]

Answer:

accounts payable 128,500

Explanation:

To answer we must determine how much is the amount of purchases needed for the month of June.

It is not interesting the debt that is generated in previous months since they are paid in full, so in May the purchases of the month of May will already be canceled, so they will not impact the suppliers account.

June  

Purchases=  190,000 x 0.85 + (inventory cost of sales of the month) + 80,000 (inventory at the end of the month)  + 260,000 x 10% (inventory at the end of the month) = 276,500,

But according to the company's policy at the beginning of the month the inventory was equal to

80,000 + 190,000x10% (June sales) = 99,000

So the purchases necessary to meet the costs of sale and comply with the policy of the owner at closing is the same

267.500(inventory needed) - 99.000( initial existence) = 168.500

<u>the record will be </u>

Inventory      168,500

Cash                           43,810

accounts paylable    124,690

6 0
3 years ago
Which two factors are important to consider when choosing a production method?
Hunter-Best [27]

Answer:

-The technology that is available for the market.

- The nature of the products

Explanation:

Latest technology often able to produce larger amount of products with significantly lower time. This will help reduce the overall cost of production in the long run.   Business owner need to consider this and calculate whether the initial investment that needed to be made to install the technology will worth the value in the long run.

Nature of the products consisted of all  the characteristics that our products process. For example food products tend to not have a long shelf life unlike fashion product. This difference in characteristics influence the type of production method that business owners could implement.

For example, It is impossible for business owners to mass produce produce food products with the expectation that it can maintain their quality in the warehouse, but producer of fashion products could make that expectation.

6 0
3 years ago
Payment received in advance for services is a/an
Mashcka [7]
1 - unearned revenue
2 - prepaid expense
8 0
2 years ago
Taylor Company had a salaries payable balance of $18,000 on December 31, 2014. During 2015, it paid $50,000 in cash as salaries,
Flura [38]

Answer:

$18,000

Explanation:

Given data  for Taylor Company;

Salaries payable at the beginning of 2015 (end of 2014) = $18,000

Salary expense during the year (2015) = $50,000

Salaries paid during the year = $50,000

Salary payable at end of year (2015) = ?

Let the salary payable at end of year= S

Using the formula

Salaries payable at the beginning of the year + Salary expense during the year - Salaries paid = Salary payable at end of year

$18,000 + $50,000  - $50,000  =S

S = $18,000

Salaries payable as at December 31, 2015 is $18,000.

8 0
3 years ago
Other questions:
  • In the experiment described in the passage, noumenon corporation was trying to determine the price that
    9·1 answer
  • True or false: employers are made worse off but employees are made better off by this law.
    14·1 answer
  • A small consulting company in Waikiki, Hawaii struggles financially because of limited access to economic resources. This compan
    6·1 answer
  • Who is commonly attributed for discovering the law of effect
    12·2 answers
  • Studies indicate that the price elasticity of demand for beer is about 0.9. A government policy aimed at reducing beer consumpti
    8·2 answers
  • On the crossover chart where the costs of two or more location alternatives have been plotted, the quantity at which two cost cu
    13·1 answer
  • John Chong is an inexperienced entrepreneur in global business. He wants to sell his product, Zulu doll, a toy for kids below th
    9·1 answer
  • Someone help me please.... I really appreciate
    12·1 answer
  • If business leaders in Great Britain become more confident in their economy, they will increase investment, causing the British
    7·1 answer
  • If people in the military aren't included in the labor force, does the unemployment rate become a better or worse indicator of t
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!