1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Bumek [7]
2 years ago
10

To assign overhead costs to each product, the company:_____.

Business
1 answer:
mina [271]2 years ago
4 0

Answer:

a. multiplies the activity-based overhead rates per cost driver by the number of cost drivers expected to be used per product.

Explanation:

Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

Generally, an activity-based costing uses multiple cost pools such as manufacturing cost or customer services and multiple cost drivers such as direct labor hours worked, number of changes used in engineering department, etc.

Cost pool is simply the amount of money spent by a firm on a particular activity.

Hence, to assign overhead costs to each product, the company multiplies the activity-based overhead rates per cost driver by the number of cost drivers expected to be used per product.

In activity-based costing, the activity rate for an activity cost pool is calculated by using the following formula;

Activity rate = total overhead cost/activity for the activity cost pool.

You might be interested in
Peace of mind provides​ house-sitting for people while they are away on vacation. Some of its customers pay immediately after th
Svet_ta [14]

Answer:

a. Cash basis - Service revenue is $900

b. Accrual basis - Service revenue is $2,100 (which is $1200 + $900)

Explanation:

In accounting, there are 2 basis for recognizing transactions; these are cash basis and accrual basis.

In cash basis, sales and expenses are not recorded unless cash has been collected and paid respectively. In the accrual basis of accounting, expenses and sales are recorded when incurred and earned respectively.

Revenue earned under the accrual basis would therefore include the revenue for which cash has been collected and those for which cash is yet to be collected.

4 0
3 years ago
Enterprise risk management is a valuable approach that can better align security functions with the business mission while offer
Kamila [148]

It is true that Enterprise risk management is a valuable approach that can better align security functions with the business mission while offering opportunities to lower costs.

<h3>What is Risk Management?</h3>

In order to limit, monitor, and control the likelihood or impact of unfortunate events or to maximize the realization of possibilities, risk management entails the identification, appraisal, and prioritization of risks (defined by ISO 31000 as the influence of uncertainty on objectives).

Instability in global markets, threats from project failures (at any stage of design, development, production, or maintenance of life cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events with uncertain or unpredictable root causes are just a few examples of the many different types of risks that can arise.

To know more about Risk Management, visit: brainly.com/question/4680937

#SPJ4

4 0
10 months ago
Can investing in your education or training make you even more likely to obtain and keep a job
Tatiana [17]

Answer:

Yes

Explanation:

The answer is yes because education/training will make it so you have more experience/knowledge than the next worker

5 0
2 years ago
Daniel, an entrepreneur, is planning to open a fast-food restaurant. He wants to cash in on the huge population of busy professi
Karo-lina-s [1.5K]

Answer:

the answer is none of these

8 0
3 years ago
Rhonda has oversight responsibility for the servicing and repair of her company's fleet of cars, so she frequently calls the gar
dmitriy555 [2]

Answer: Variable-interval

Explanation:

3 0
2 years ago
Other questions:
  • According to the text, the most logical budget-setting method in advertising is the ________ method. objective-and-task affordab
    10·1 answer
  • The extent of job creation and job destruction is:____________
    9·1 answer
  • If the team leader learns that organizational superiors are unaware of the team’s successes, the leader might initiate an "FYI"
    13·1 answer
  • What type of tax are sales tax and excise tax?
    15·1 answer
  • orrugated Company currently produces cardboard boxes in an automated process. Expected production per month is 40,000 units. The
    10·1 answer
  • regarding references what are some things to keep in mind when creating a reference list for a potential employer
    12·2 answers
  • Washington state had a bumper apple crop this year, significantly increasing the supply of apples in the U.S. Given this informa
    13·1 answer
  • An electronics company makes communications devices for military contracts. The company just completed two contracts. The navy c
    9·1 answer
  • The federal budget starts on October 1 of a calendar year and ends on September 30 of the following calendar year. TRUE FALSE
    12·1 answer
  • A. Was Apple wrong for not complying with the FBI’s request?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!