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klemol [59]
3 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]3 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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Jack's Lumber Yard receives 8,000 large trees each period that it subsequently processes into rough logs by stripping off the tr
ivann1987 [24]

Answer:

(i) $4,000,000

(ii) $3,840,000

Explanation:

(i) Contribution to income from selling the logs for log cabin construction:

= Large trees receive each period × per-unit price of logs

= 8,000 × $500

= $4,000,000

(ii) Contribution to income from processing the logs into lumber:

= Large trees receive each period × each log can be processed (feet) × (Selling price of lumber per board foot - Additional cost per board foot)

= 8,000 × 800 × (0.75 - 0.15)

= $3,840,000

(iii) Jack's continue to sell the logs only, because income from processing it as lumber is lower than log.

7 0
3 years ago
Which statement is strongly a sustainable future to alleviate the risks posed by today's production and consumption patterns?
Crank

Answer: OPTION D

Explanation: Sustainable development means consuming natural resources in such a way that the needs of today gets fulfilled without hindering the needs of future generations .

A. Consuming more capital today will result in more depletion of natural resources that are limited in amount thus there would be no sustainable development.

B. This case study relates to sustainable development which depends on limited natural resources thus society does not have the option to invest it .

C. The case study relates to natural resources which are provided by the nature human resource plays no major role in sustainable development.

D. Only consuming natural resources in an efficient manner would result in sustainable development.

4 0
3 years ago
Purple Feet Wine, Inc., receives an average of $14,000 in checks per day. The delay in clearing is typically four days. The curr
Dominik [7]

Answer:

The correct answer is $56,000.

Explanation:

According to the scenario, the given data are as follows:

Average checks per day = $14,000

Days in clearing = 4 days

Interest rate = 0.018% per day

So, we can calculate the company's float by using following formula:

Company's Float = Average checks per day × Days in clearing

By putting the value in the formula, we get

Company's Float = $14,000 × 4

= $56,000

8 0
3 years ago
consider a firm that produces units of output using capital and labor. due to changes in market conditions, it has decided to re
mote1985 [20]

A firm that produces units of output using capital and labor to determine  its total costs will decline by doing so, the firm will evaluate its:<u> Marginal cost Function .</u>

<u></u>

Option C is correct .

Marginal cost is the change in cost due to producing on excess unit of affair. To determine how big its total cost decline, the establishment will estimate its marginal cost function.

<h3>Marginal cost function :</h3>

Marginal cost represents the gradual costs incurred when producing fresh units of a good or service. It's figured by taking the total change in the cost of producing further goods and dividing that by the change in the number of goods produced.Marginal cost is calculated as the aggregate charges needed to manufacture one fresh good. thus, it can be measured by changes to what charges are incurred for any given fresh unit.<u> Marginal Cost</u><u> = Change in</u><u> Total Charges ÷</u><u> Change in volume of Units Produced.</u>

Question is incomplete ,missing option is given below :

Consider a firm that produces units of output using capital and labor. Due to changes in market conditions, it has decided to reduce its daily output from 5 units to 4 units. To determine how much its total costs will decline by doing so, the firm will evaluate its: Group of answer choices

A.marginal product function

B.average product function

C.marginal cost function

D.average total cost function

E.average variable cost function

Learn more about Marginal cost function :

brainly.com/question/17481520

#SPJ4

3 0
1 year ago
21. A noncancelable lease contains an option to purchase a leased asset at a price that is sufficiently lower than the asset's e
Tanzania [10]

Answer: A. Sales-type lease

Explanation:

A Sales type lease is one where the present value of all the lease payments of the Asset being leased is more than the cost/ carrying amount of the Asset.

The present value of the lease Payments is the Fair Value of the asset and as seen from the question, the fair value of the asset is more than the cost of the Asset. The lease will therefore be accounted for as a Sales type lease by the lessor.

It is worthy of note that this entry affects only the lessor.

7 0
3 years ago
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