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melisa1 [442]
4 years ago
14

Which of the following statements is true? a. The production budget is not converted into dollars. b. The sales budget includes

both units and dollars. c. The overhead budget is typically composed of variable overhead and fixed overhead. d. The direct labor budget uses an average wage rate for direct labor. e. All of these choices are correct.
Business
1 answer:
Svetllana [295]4 years ago
8 0

Answer:

e. All of these choices are correct.

Explanation:

Note:

Statement a. about production budget is correct as the production budget only estimates number of units to be produced, in quantity and not in dollars and therefore is not converted into dollars.

Statement b. about sales budget is also correct as it shows the quantity in units and also in value.

Statement c. about overhead budget is also correct as the budget segregates variable and fixed overheads properly.

Statement d. about labor budget is correct, as in this budget an average rate is used for calculating the expenses.

Therefore all of the above is correct.

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Clara is the chief operating officer of a cosmetics manufacturing company. She gets opportunities to attend the board meetings o
slamgirl [31]

Answer:

B) The liaison role

Explanation:

From the question we are informed about Clara is the chief operating officer of a cosmetics manufacturing company. She gets opportunities to attend the board meetings of her vendor companies. These meetings give her a fresh perspective about how other companies frame their strategies and how procurement and operations are managed in different companies. In the context of managerial roles, In this case, Clara illustrate liaison role.

liaison officer can be regarded as person that stand or liaises in between two firms/organizations in order to communicate as well as coordinate their activities through serving as an official go-between as regards senior officials of both firms. The liaison role is also expected to be an active role as regards liaison organization, attending their key meetings is necessary

3 0
3 years ago
Suppose a food pantry received a donation and allowed volunteers to vote on how the funds were to be spent. Three options were p
BartSMP [9]

Answer:

improvements to the building

Explanation:

As we know that the opportunity cost is the cost that gives the benefit in the altnernative when the other thing is sacrifice. Now the

As the second best choice is that there should be an improvement in the building so here the opportunity cost related to the purchase of a vehicle is building improvement

Hence, the same is to be considered

7 0
3 years ago
Bufford Corporation had reported the following amounts at December 31, 2022: sales revenue $184,000, ending inventory $11,600, b
Ronch [10]

Answer:

Option (b) $74,100

Explanation:

Data provided in the question:

Sales revenue = $184,000

Ending inventory = $11,600

Beginning inventory = $17,200

Purchases = $60,400

Purchase discounts = $3,000

Purchase returns and allowances = $1,100

Freight-in = $600

Freight-out = $900

Now,

Cost of goods available for sale

= Beginning inventory + Purchases + Freight-in - Purchases discounts - Purchase returns and allowances

= $17,200  + $60,400 + $600 - $3,000 - $1,100

= $74,100

Hence,

Option (b) $74,100

5 0
3 years ago
The following information was compiled by Frank Ironman Incorporated:
Bumek [7]

Answer:

The correct option is D,$20,000 unfavorable

Explanation:

In the first place, it is noteworthy that fixed overhead flexible budget variance is the between the budgeted overhead cost and the actual fixed overhead incurred.

When actual fixed cost overhead is lower than budgeted,the resultant effect is a favorable variance,where the reverse is the case when the budgeted fixed overhead cost is higher as is the case here.

budgeted fixed overhead costs              $200,000

Actual fixed overhead costs                      ($220,000)

fixed overhead flexible budget variance  ($20,000) unfavorable

8 0
3 years ago
Ginny was hired by her company because she agreed to work overtime and carry out all tasks assigned to her as per the instructio
Alexus [3.1K]

Answer:

B. Traditional work group

Explanation:

Traditional work group has to do with a group made up of two or more people who comes together to achieve a common goal. People or rather employees belonging to the traditional work group has no control over task given, report to a manager who's responsible for ranking their performances, lack direct responsibility and also they execute task. From the agreements Ginny had with the company, Ginny belongs to the traditional work group.

7 0
3 years ago
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