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melisa1 [442]
3 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]3 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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The principle of diversification tells us that:
lisov135 [29]

Answer:

E. spreading an investment across many diverse assets will eliminate some of the total risk

Explanation:

Total risk is composed of systematic and unsystematic risk. Diversification eliminates nearly all unsystematic risk; which is also known as diversifiable risk or firm-specific risk. This is done by holding assets which are negatively correlated; like from uncorrelated industries. Systematic risk on the other hand affects the entire securities market and investors are compensated for it through a risk premium.

4 0
3 years ago
The product deletion process is similar to the ____ step of the new-product development process because both involve deciding wh
saul85 [17]

Answer:

e. Business analysis

Explanation:

Based on the description being made within the question it can be said that this process is similar to the Business analysis step. This step focuses on identifying the product needs and determining the best position and solution to different product/business related problems. Many factors such as sales, costs, and profits are taken into account during this step in order to make the best decisions possible.

4 0
3 years ago
rippett Industries manufactures cleaning products. During the year, the company spent $600,000 on chemicals and $728,000 on conv
Andru [333]

Answer:

The manufacturing overhead cost during the year=$128,000

Explanation:

The manufacturing overhead costs can be calculated using the formula below;

O=C-M

where;

O=manufacturing overhead costs

C=conversion costs

M=material costs

In our case;

O=unknown

C=$728,000

M=$600,000

replacing;

O=728,000-600,000=128,000

O=128,000

The manufacturing overhead cost during the year=$128,000

5 0
3 years ago
What are the main advantages of volume-based allocation methods compared to activity-based costing?
GalinKa [24]

Answer:

A: Volume-based methods are more accurate and allowed by GAAP.

Explanation:

6 0
3 years ago
Conduct the necessary research to develop the policy using the library and the Internet. Some things that you need to keep in mi
11111nata11111 [884]

Answer:

Not using service if part of law is violated.

Cease of account in case of rules break attempt.

Limit the access according to the designation of employees.

Explanation:

Acceptable use policy is the document which lists the terms and conditions which needs to be agreed to access the corporate network. The AUP included set of rules which must be agreed in order to access the network by user. The documents can includes rules regarding the administrative controls, operational controls and technical controls.

8 0
3 years ago
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