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klemol [59]
2 years ago
10

How does the planning and control of variable manufacturing overhead costs differ from the planning and control of fixed manufac

turing overhead​ costs? Planning and control of ▼ manufacturing overhead costs has both a​ long-run and a​ short-run focus. The​ long-run focus involves Revolutions planning to ▼ and for the​ short-run focus to ▼ manage the cost drivers of value-added overhead activities undertake only value-added overhead activities in the most efficient way. Planning and control of ▼ fixed variable manufacturing overhead costs have primarily a​ long-run focus. It involves ▼ managing the cost drivers of value-added fixed overhead activities undertaking only value-added fixed-overhead activities for a budgeted level of output. Revolutions makes ▼ none most of the key decisions that determine the level of overhead costs at the start of the accounting period.
Business
1 answer:
alexgriva [62]2 years ago
4 0

Answer and Explanation:

The variable manufacturing overhead costs are indirect manufacturing costs of an organization that change as the level of production or sales change such as factory power. Fixed manufacturing overhead costs differ from the former as they are indirect but do not change with change in production level or sales

Planning and control of variable manufacturing overhead costs encompasses both long-run and short-run focus. It involves solutions planning for overhead activities that add value which takes the long-run view while managing the cost drivers of those activities efficiently is the short run aspect of planning and control of variable manufacturing overhead costs. On the other hand planning and control of fixed manufacturing overhead costs have primarily a long-run focus.

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different time horizon

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3 years ago
Prepare a statement of cash flows
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Answer:

Required 1

1. operating activities (OA) and investing activities (IA)

2. financing activities (FA)

3. financing activities (FA), operating activities (OA) and investing activities (IA)

4. financing activities (FA)

5. operating activities (OA)

6. financing activities (FA)

Required 2

<u>All-Star Automotive Company</u>

<u>Statement of cash flows for the year ended 2013</u>

Cash Flow from Operating Activities

Service Revenue                                                $25,000

Salary Expense Paid                                         - $14,000

Utilities Expenses                                               - $2,800

Net Cash from Operating Activities                    $8,200

Cash Flow from Investing Activities

Land Purchase                                                   - $6,000

Proceeds from Sale of Land                               $9,000

Net Cash from Investing Activities                      $3,000

Cash Flow from Financing Activities

Issue of Common Stock                                    $50,000

Loan Payable Acquired                                       $5,000

Repayment of Loan                                           - $2,000

Dividends Paid                                                   - $5,000

Net Cash from Financing  Activities                 $48,000

Movement during the year                                $59,200

Cash and Cash Equivalents at the Beginning    $9,000

Cash and Cash Equivalents at the End            $68,200

Explanation:

Cash Flow from Operating Activities

This section shows the cash derived from daily operating activities of the business .

Cash Flow from Investing Activities

This section shows the cash derived from acquisition or sale of tangible and intangible assets of a long term.

Cash Flow from Financing Activities

This section shows the cash derived from the sources of finance and the repayments thereoff.

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