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
a_sh-v [17]
2 years ago
11

The unit of product is the cost object when the plantwide overhead rate method is used.

Business
1 answer:
Marina CMI [18]2 years ago
3 0
<span>The plantwide overhead rate method means </span>using overhead rate to allocate costs to products and includes <span>indirect costs (overhead cost) to cost allocation base (single plantwide overhead rate) to cost objects (products 1-3).
</span><span>The statement that the unit of product is the cost object when the plantwide overhead rate method is used is true. </span>
You might be interested in
Is sears going out of business
Sphinxa [80]
It wasn't fully announce that Sears is going out of business but rather, they are just going to close 150 of its branches this year 2017. This is according to Business insider. <span>Most of the stores will start liquidation sales on Jan. 5 and will go </span>out of business<span> in March and April. Hope this helps.</span>
7 0
3 years ago
Logan, an employee of Argon Industries, earned a salary of $60,000 in year 2. In addition, the following two transactions betwee
Mariana [72]

Answer:

$88,000

Explanation:

Calculation to determine What amount of compensation should Argon report in Logan's Form W-2 for year 2

First step is to determine the bargain element

Bargain Element=$25 per share-$10per share

Bargain Element=$15 per share

Now let determine the amount of compensation

Using this formula

Compensation=Salary earned+Taded stock+(Shares of publicly traded stock*Bargain element)

Let plug in the formula

Compensation=$60,000+$13,000+($100 shares*$15 per share)

Compensation=$60,000+$13,000+$15,000

Compensation=$88,000

Therefore the amount of compensation that Argon should report in Logan's Form W-2 for year 2 $88,000

8 0
3 years ago
The Easy Pack Company includes one coupon having no expiration date with its deluxe snack pack. Upon return of 10 coupons, Easy
Alinara [238K]

Answer:

premium liability (coupon oustanding) $ 1,500

Explanation:

We will recognize a liablity based on expected coupon redemption of 10%:

Sold 1,000,000 deluxe snack = 1,000,000 coupon

from this we expect 10% will be redeem: 1,000,000 x 10% = 100,000

Then, calculate the cost that this coupon will generate:

Thre will be 100,000 redeem coupons which, every 10 is traded for a 1.50 silver chip clip:

100,000 / 10 x $ 1.50 = $ 15,000

For the sales of we have a premium liablity of 15,000

premium expense    15,000

          premium liaiblity            15,000

<u>We also purchase this silver chip clip:</u>

Premium Inventory 15,000

                Cash                   15,000

During the year, we adjust for the chips clips distributed:

9,000 x $ 1.50 = 13,500

This decreases both, the liablity and the premium inventory.

Premium Liability        13,500 debit

            Premium Inventory       13,500 credit

Adjusted year-end balance:

15,000 - 13,500 = 1,500

3 0
2 years ago
A company reported total equity of $161,000 at the beginning of the year. The company reported $226,000 in revenues and $173,000
Bond [772]

Answer:

$314,000

Explanation:

The computation of total assets is shown below:-

Total equity = $161,000

Revenue = $226,000

Expenses = $173,000

Liabilities at the end of the year = $100,000

Income of the year = $226,000 - $173,000

= $53,000

Total assets of the company at the end of the year = (Total Stock Holders Equity) + Total Liabilities

=(Total equity at the beginning of the year + Income for the year ) + Liabilities at the end of the year

= $161,000 + $53,000 + $100,000

= $314,000

3 0
3 years ago
As you start consuming potato chips, your marginal utility is very high, but begins to fall slowly until you've eaten 10 chips.
avanturin [10]

Answer:

The law of diminishing marginal utility.

Explanation:

Marginal utility is basically satisfaction derived from consuming an extra unit of product. According to the law of diminishing marginal utility as consumption increases the marginal utility derived from each additional unit decreases.

So when we consume 1 chips marginal utility is high, then as more is consumed we still get some positive utility out of it but at a decreasing rate now. At some point this utility equals zero after which it starts declining as more chips are consumed because it is not providing any satisfaction now. Therefore the chips should be consumed only up to the point where the marginal utility equal zero.

7 0
2 years ago
Other questions:
  • The archeological records of egyptian cities are less detailed due to the
    13·1 answer
  • Year-to-date, Oracle had earned a −1.53 percent return. During the same time period, Valero Energy earned 8.07 percent and McDon
    5·1 answer
  • As the Choice and Consequence box on​ "Too Big to​ Fail" notes, bank regulators worry about the prospect of the failure of large
    13·1 answer
  • Traditional home mortgage underwriting is said to rest on three elements, the "three C's." The housing expense ratio is one tool
    13·1 answer
  • Schweitzer realized that in many cases individuals could only accomplish direct human service in collaboration with official org
    6·1 answer
  • Baab Corporation is a manufacturing firm that uses job-order costing. The company's inventory balances were as follows at the be
    6·1 answer
  • How does microfinance benefit an economy?​
    5·1 answer
  • While advocates of a market-oriented economy tend to argue that consumers benefit substantially when firms seek short-term profi
    11·1 answer
  • Select the correct answer. Which utility applies to a company that educates customers about its products' features? OA form util
    5·1 answer
  • Suppose that consumption decreases. What is the effect on investment and real interest rate? Analyze using graphs. Briefly descr
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!