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3 years ago

On subjective, socially desirable, and common dimensions, most people:

Business

1 answer:

defon3 years ago

8 0

Answer:

The correct answer is letter "A": see themselves as better than the average person.

Explanation:

In <em>social psychology</em>, individuals' self-serving bias is the point of view people have of themselves believing they are superior to others. Given a certain attribute, these kinds of individuals relate a positive outcome with their own "awesomeness" while a negative outcome is the reflection of others not being capable enough of reasoning like the individuals even though the individuals could be objectively wrong.

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A company bases its predetermined overhead rate on direct labor cost. For next year, total factory overhead cost is estimated at

AlekseyPX

Answer:

Allocated MOH= $18,750

Explanation:

Giving the following information:

The estimated total factory overhead= $300,000

Total estimated direct labor cost= $240,000.

The actual direct labor cost was $15,000.

First, we need to calculate the estimated overhead rate based on direct labor cost. Then, we can allocate overhead.

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 300,000/240,000= $1.25 per direct labor dollar

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 1.25*15,000

Allocated MOH= $18,750

3 0

3 years ago

The following terms relate to the fundamental qualities of useful information. Match the key letter of the correct term with the

Bumek [7]

Answer:

1. Providing information that is not biased toward one position or another.

c. Neutral

As an accountant, you cannot prepare, record or select information in order to favor someone's personal interests.

2. Providing information before it loses its capacity to influence decisions.

d. Timely

Information must be available when it can influence future decisions. E.g. having a 2010 cost report today is useless if you are preparing next year's budget.

3. Providing information that is proven to be free from error.

b. Faithful representation

Faithful representation means that information must be accurate, complete, neutral, and free from errors.

4. Providing information that would make a difference in a business decision.

g. Relevant

Relevant information should be material and be either predictive or confirmatory.

5. Provide information that accurately depicts what really happened.

b. Faithful representation

Faithful representation means that information must be accurate, complete, neutral, and free from errors.

6. Providing information that confirms or corrects prior decisions.

a. Confirmatory value

It can be used to check, confirm or correct prior reports or evaluations.

7 0

3 years ago

Which of the following terms refers to a practice of allowing the addition of new employees and jobs to existing bargaining unit

Serjik [45]

Answer:

d. accretion

Explanation:

Accretion is the process by which new employees are added to a bargaining unit where they have common interest. It involves the gradual growth of business units. For example when unions transfer workers to a new employer.

Accretion occurs without election and is usually an operation of the law.

It helps preserve industrial stability by filling new jobs without going through an adversarial election process.

5 0

3 years ago

The following is an account for a production department, showing its costs for one month: Work in Process Inventory Beginning Ba

Keith_Richards [23]

Answer:

$2,160

Explanation:

Total costs = Beginning Balance + Direct materials + Direct labor+ Overhead

Total costs = $5,400 + $21,600 + 16,200 + $10,800

Total costs = $54,000

Total transferred out = Total costs - Ending Balance

Total transferred out = $54,000 - $4,590

Total transferred out = $49,410

BGIP transferred out = Total transferred out - Assumed started and completed units cost

BGIP transferred out = $49,410 - $41,850

BGIP transferred out = $7,560

Cost to complete BGIP = BGIP transferred out - Beginning Balance

Cost to complete BGIP = $7,560 - $5,400

Cost to complete BGIP = $2,160

4 0

3 years ago

Birch Company normally produces and sells 43,000 units of RG-6 each month. RG-6 is a small electrical relay used as a component

Varvara68 [4.7K]

Answer:

a)No, the company should not close the plant; it should continue to operate at the reduced level of 28,000 units, because it would lead to a $199320 greater loss over the two-month period than if the company continues to operate. By closing down, the needs of these customers will not be met and they would move to another supplier

b) 9880 units

Explanation:

Contribution margin = selling price - variable cost = $30 - $19 = $11

Contribution margin lost = 14000 units / month * 2 months = 28000 units

Contribution margin lost by the plant closing = 28000 units * $11 = $308000

Fixed manufacturing overhead cost * number of months = $60,000 per month × 2 months = $120,000

Fixed selling cost = fixed selling costs total * 8% = $46000 * 0.08 = $3680

Costs avoided by closing the plant for two months = $120000 + $3680 = $123680

Net disadvantage before start up cost = Contribution margin lost by the plant closing - Costs avoided by closing the plant for two months = $308000 - $123680 = $184320

Start up cost = $15000

Closing plant disadvantage = Net disadvantage before start up cost + Start up cos = $184320 + $15000 = $199320

No, the company should not close the plant; it should continue to operate at the reduced level of 28,000 units, because it would lead to a $199320 greater loss over the two-month period than if the company continues to operate. By closing down the 28000 units produced would be lost, the needs of these customers will not be met and they would move to another supplier

b) Costs avoided by closing the plant for two months = $123680

less Start up cost = $15000

Net avoidable cost = $123680 - $15000 = $108680

Net avoidable cost/ Contribution margin per unit = $108680 / $11 = 9880 units

7 0

4 years ago