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Lubov Fominskaja [6]
2 years ago
5

All of the following are associated with reporting controllable costs except:a. At lower levels, management have fewer controlla

ble costs.b. Lower-level managers are responsible for detailed costs and so receive detailed reports.c. Responsibility and control broaden for higher-level managers.d. Higher-level managers receive summarized reports for focusing on broader issues.e. Uncontrollable costs are allocated equally.
Business
1 answer:
stira [4]2 years ago
3 0

Answer:

a. At lower levels, management have fewer controllable costs

Explanation:

The opposite is true, lower-level management have more controllabe costs than higher level management because top management focuses on the general strategy of the firm, while lower management focuses on the specific production processes.

It is in these specific production processes that many controllable costs arise. A production line supervisor (part of lower-level management) can directly control some variable costs such as energy used, amount of input, or even work hours.

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What is a person who has agreed to work for another for a limited period, often in return for travel expenses, shelter, and sust
Reil [10]

An indentured servant is a person who has agreed to work for another for a limited period, often in return for travel expenses, nominal food, shelter, and sustenance

A person who has contracted to work for another for a limited period, often in return for shelter, travel expenses, and sustenance is called an indentured servant. Those who contracted the indentured servants don’t pay them. Instead of payment, they offered shelter, nominal foods, boarding, travel expenses, and received passage to colonies in exchange for their labor. Indentured servants are bound to work with the contractor for a specified time.

Usually, the duties of indentured servants worked as cooks, field workers, housekeepers, or general laborers. While the more specific skills of indentured servants are plastering, blacksmithing, and bricklaying, which they later turned into careers later.

You can learn more about indentured servant at brainly.com/question/1278960

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8 0
1 year ago
Darlene Company had checks outstanding totaling $5,400 on its June bank reconciliation. In July, Darlene Company issued checks t
Pie

Answer:

b. $18,000

Explanation:

The computation of outstanding checks is shown below:-

Outstanding checks as of the end of July = Start with outstanding checks as of June + Amount of checks issued in July - Amount of checks that cleared in July

= $5,400 + $38,900 - $26,300

= $44,300 - $26,300

= $18,000

Note, The $300 check was issued by a customer, not Darlene.

So, for computing the outstanding checks as of the end of July we simply applied the above formula.

4 0
3 years ago
Nobel laureate Milton Friedman and his followers belong to a school of thought known as monetarism. What do the monetarists argu
krek1111 [17]

Answer:

C. The Fed should target the money​ supply, not the interest​ rate, and that it should adopt the monetary growth rule.

6 0
3 years ago
A state whose fiscal year ends June 30, 2019, had the following transactions and events. For each item, compute how much total e
inn [45]

Answer:

$3,750,000

Explanation:

The total amount of expense = current salaries +accrued salaries

The total amount of expense = $3,600,000+ $150,000

The total amount of expense= $3,750,000

The salaries are those expenses that are paid from the current financial resources. If the salaries are not being paid in the current year due to any reason it will be an accrued expense to the company and has to be paid in next year.

4 0
3 years ago
Sound Systems (SS) has 200,000 shares of common stock outstanding at a market price of $37 a share. SS recently paid an annual d
7nadin3 [17]

Answer:

the weighted average cost of capital is 6.31 %

Explanation:

Weighted Average Cost of Capital (WACC) is the<em> return</em> required by the providers of long term permanent source of capital to the firm.

WACC = Ke × (E/V) + Kp × (P/V) + Kd × (D/V)

Ke = Cost of equity

    = $1.20 / $37.00 + 0.04

    = 0.0724 or 7.24 %

E/V = Weight of Equity

      = (200,000 × $37) ÷ (200,000 × $37 + 4,500 × $1,000 × 99%)

      = $7,400,000 ÷ ($7,400,000 + $4,455,000)

      = 62.42 %

Kd = Cost of Debt

    = Interest × (1 - tax rate)

    = 6.70 % × (1 - 0.34)

    = 4.42 %

D/V = Weight of Debt

      = (4,500 × $1,000 × 99%) ÷ (200,000 × $37 + 4,500 × $1,000 × 99%)

      = $4,455,000 ÷ ($7,400,000 + $4,455,000)

      = 37.28 %

Therefore,

WACC = 7.24 % × 62.42 % +  4.42 % × 37.28 %

           = 6.31 %

8 0
2 years ago
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