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elixir [45]
3 years ago
7

An income statement under absorption costing includes which of the following: ______________

Business
1 answer:
ra1l [238]3 years ago
4 0

Answer:

a. Direct materials

b. Direct labor

c. Variable overhead

d. Fixed overhead

Explanation:

The absorption costing is the costing in which the income statement should includes all types of production cost i.e. direct material cost, direct labor cost, variable overhead and the fixed overhead

So as per the given statement, all the four types of costing should be involved while preparing the income statement under the absorption costing

Hence, all 4 options should be considered

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Suppose Joe's wage increased from $10 per hour to $12 per hour, and over the same time period the GDP deflator increased from 10
Burka [1]

Answer:

Explanation:

Im prettier sure if u add them with a calculator it could come out with the answer and it may add up too the correct answer

3 0
3 years ago
Problems and applications q6 darnell loves playing rock 'n' roll music at high volume. jacques loves opera and hates rock 'n' ro
mafiozo [28]

Answer:

false

Explanation:

The Coase theorem states that parties in dispute should seek an optimal solution to their problem regardless of how property rights were initially distributed.

In this case, you need to find an agreement that satisfies both Darnell and Jacques regardless of who initially would have been considered to be right about the argument. Conflicts over rights to use property can be solved when parties settle on the efficient use of inputs. E.g. they could establish hours at which Darnell can listen to rock n' roll, and other hours when he shouldn't. That way both of them can enjoy the music they like and not bother the neighbors.

An optimal solution can always be reached regardless of initial distribution of rights.

7 0
3 years ago
Which of the following statements regarding the staffing budget is true? a.The staffing budget is based on the desired profit le
Valentin [98]

Answer:

b.The staffing budget is based on a fixed human resources budget

Explanation:

  • The staffing budget is the budget that outlines a money plan to be spent on the employees and consists of the largest investment to the organization.
  • It acts as an outline plan for the service companies each staff member corresponds to the salary for the employee in the spreadsheet on a weekly, monthly, and yearly basis.
8 0
3 years ago
Initially, suppose Bellissima uses 1 million hours of labor per week to produce corn and 3 million hours per week to produce jea
stiv31 [10]

Answer:

Bellisima's opportunity cost to produce 1 bushel of corn = 2 pairs of jeans

Explanation:

Bellisima uses 1 million hours of labor to produce corn and 3 million hours of labor to produce jeans. Produces 8 million bushels of corn and 48 million pairs of jeans.

  • Production of corn per million hours of labor = 8 / 1 = 8 bushels of corn
  • Production of jeans per million hours of labor = 48 / 3 = 16 pairs of jeans

Felicidad uses 3 million hours of labor to produce corn and 1 million hours of labor to produce jeans. Produces 15 million bushels of corn and 20 million pairs of jeans.

  • Production of corn per million hours of labor = 15 / 3 = 5 bushels of corn
  • Production of jeans per million hours of labor = 20 / 1 = 20 pairs of jeans

The opportunity cost refers to the extra costs or benefits lost form choosing one activity or investment over another alternative.

  • Bellisima's opportunity cost to produce 1 bushel of corn = 16 pairs of jeans / 8 bushels of corn = 2 pairs of jean per bushel of corn.
  • Bellisima's opportunity cost to produce 1 pair of jeans = 8 bushels of corn / 16 pairs of jeans = 0.5 bushels of corn per pair of jean.

  • Felicidad's opportunity cost to produce 1 bushel of corn = 20 pairs of jeans / 5 bushels of corn = 4 pairs of jean per bushel of corn.
  • Felicidad's opportunity cost to produce 1 pair of jeans = 5 bushels of corn / 20 pairs of jeans = 0.25 bushels of corn per pair of jean.

5 0
3 years ago
When there is a high inventory turnover, there is an increase in sales because: a) more money is available to buy new merchandis
german

Answer:

The answer is C.

Explanation:

Inventory turnover is a measure of the number of times inventories are sold during a period of time usually a year.

To calculate inventory turnover:

Cost of goods sold ÷ average inventory

High inventory turnover means that the company's product is in high demand and when the product is in high demand, it means there is an increase in sales.

An increase is demand means new inventory or merchandise are continually available and continually bought.

7 0
3 years ago
Read 2 more answers
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