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3 years ago

Which of the following is NOT considered a step in activity-based costing?

Business

1 answer:

statuscvo [17]3 years ago

4 0

Answer: C. Identify a single overhead rate as the predetermined overhead rate.

Explanation:

Activity based costing works by assigning indirect and overhead costs to the activities that caused the costs to be incurred and then assigning those activities to the products those activities helped produce such that indirect and overhead costing is more accurate.

The steps involved include, tracing and allocating overhead costs to activity coat pools, identifying and classifying the major activities involved in the manufacture of specific products, and assigning overhead costs to products based on cost drivers.

It does not include identifying a single overhead rate as the predetermined overhead rate. This is a step is in Standard Costing.

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The "over-the-counter" market received its name years ago because brokerage firms would hold inventories of stocks and then sell

Svetradugi [14.3K]

Answer:

false

Explanation:

Over-the-counter refers to the process of how securities are traded for companies not listed on a formal exchange. Securities that are traded over-the-counter are traded via a dealer network as opposed to on a centralized exchange.

5 0

3 years ago

Why do you think fans can be so resistant to hearing stars’ political views? Have you ever changed your opinion about any celebr

ValentinkaMS [17]

Answer:

Yes

Explanation:

I believe celebrities must participate progressively in political issues. They have the right audience and stage, and they should utilize it to spread awareness. Celebrities have the right to speak up their mind, just like every other person. As I would see it, they can be influential so they should express their thoughts considering how noticeable their voice is to the general public. To me, celebrities do not change my political assessment and opinions, yet they educate me on different sentiments and help me to understand a different point of view. This practice will also encourage freedom of speech. Therefore, everyone must give their opinion on politics, specially celebrities.

8 0

3 years ago

The following monthly data are available for Bonita Industries. which produces only one product: Selling price per unit, $42; Un

slamgirl [31]

Answer:

70%

Explanation:

Margin of safety is the amount of sales a company makes in excess of the breakeven point

Margin of safety = (actual sales - break-even sales) / actual sales

Breakeven quantity are the number of units produced and sold at which net income is zero

Breakeven quantity = fixed cost / price – variable cost per unit /

$42000 / (42 -14) = 1500

(5000 - 1500) / 5000 = 70%

3 0

3 years ago

What is the difference between profit and revenue quizlet.

Andru [333]

Answer:

Profit is money gained and revenue is the total money

Explanation:

Profit is the amount of money you make off selling something for instance if you make a t-shirt got 5 dollars and sold it for 10 you would be making a 5 dollar profit and a revenue of 10 dollars.

4 0

2 years ago

ozzi

Answer:

Market Value =$2,620,000

Explanation:

A right issue is the offer of new shares to existing shareholders at a price lower than the current market price. This new shares are issued to each existing shareholders in proportion of their existing shareholding. This proportion is referred to as the terms of the right issue.

The terms of rights in the question = 10,000 units new shares for 100,000 units existing shares= 1 ratio 10 i.e 1:10

The new market value of the firm would be

unit price(after issue) × Number of shares after issue

Unit price after issue is the weighed average value of the existing shares and right shares

Unit price = (10×24)+(1×22)/(10+1)= 23.818

Total number of shares = 100,000+ 10,000= 110,000

Market Value of the firm = 110,000×23.82=2,620,000

Market Value =$2,620,000

4 0

4 years ago