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
Verdich [7]
3 years ago
5

Consider the following statements about the step-down method of service department cost allocation: I. Under the step-down metho

d, all service department costs are eventually allocated to production departments. II. The order in which service department costs are allocated is important. III. After a service department's costs have been allocated to other departments, no costs are re-circulated back to that service department. Which of the above statements is (are) correct?
a. I, II, and III.
b. I only.
c. I and II.
d. II only.
e. I and III.
Business
1 answer:
WINSTONCH [101]3 years ago
8 0

Answer:

The correct statements under the step-down method are:

a. I, II, and III.

Explanation:

The step-down method of allocating the costs of service departments is one of the three methods in use.  The others include the direct method and the reciprocal method.  With the direct method, service departments' costs are directly allocated to the production departments without any allocation to a service department.  The reciprocal method is much more involved, using formulas and calculations.  The step-down method allocates the service departments' costs to all the other service and production departments, except itself.  This step is eventually followed until all the service departments' costs have been allocated to the production departments.

You might be interested in
Grum Corp., a publicly owned corporation, is subject to the requirements for segment reporting.
Orlov [11]

Answer:

Option (d) $5,000,000

Explanation:

Data provided in the question:

Reported revenues = $50,000,000

Operating expenses = $47,000,000

Net income = $3,000,000

Payroll costs included in the operating expenses = $15,000,000

Combined identifiable assets of all industry segments = $40,000,000

Now,

If the revenue derived from sales to any single customer is 10% or more of the revenue of an enterprise then the amount of revenue from each customer shall be disclosed.

Therefore,

Grum should disclose major customer data if

sales to any single customer amount at least = 10% of Reported revenues

= 10% of $50,000,000

= $5,000,000

Option (d) $5,000,000

7 0
3 years ago
The designated market value:a. is always the middle value of replacement cost, net realizable value, and net realizable value le
eduard

Answer:

a. is always the middle value of replacement cost, net realizable value, and net realizable value less a normal profit margin.

Explanation:

As we know that inventory will be recorded at cost or market value whichever is lower. But in the given case, the replacement cost would be recorded at higher values and lesser values. Higher values represent the Net realizable value whereas the lesser values represent the net realizable value less than the normal profit margin.

And if the replacement cost lies in this range than it represents the designated market value.  

Hence, option a is correct.

4 0
2 years ago
When workers are asked to participate in a research study, vulnerabilities related to the subject's employment may include:When
igomit [66]

The correct option is (e) All of the above.

When workers are asked to participate in a research study, vulnerabilities related to the subject's employment may include all the statements which are given in the question.

<h3>What is vulnerable subject in research study?</h3>

Vulnerable subject populations are regarded as groups of people who may be particularly vulnerable to pressure or improper influence. These include: minors and children. people with cognitive impairment.

There are many possible ways to define who is vulnerable in the research context. Some would include the following:

  • those who are ill (dependent on clinician for care),
  • ethnic or racial minorities
  • English speakers
  • children
  • the economically disadvantaged
  • adults with diminished capacity

Social, cognitive, environmental, emotional, and military vulnerability are a few examples.

Vulnerability is a notion that connects how individuals interact with their environment to the social forces, institutions, and cultural values that support and oppose risks and disasters.

To know more about research study, here

brainly.com/question/14595095

#SPJ4

The complete question is -

When workers are asked to participate in a research study, vulnerabilities related to the subject's employment may include:

(a) The employer may encourage or deny participation of workers

(b) Employees may experience pressure from management to participate in the study because the employer perceives the study to be advantageous to the organization.

(c) Unions may encourage employees to participate with the expectation that "entitlements" may follow from study results

(d)The research study's finding could affect an employee's pay, benefits or promotion potential.

(e) All of the above.

4 0
1 year ago
ech Gadgets Co. distributes complex and relatively expensive goods, with customers typically requiring assistance before purchas
ch4aika [34]

Answer:

Intensive

Explanation:

Because the goods are expensive, and complex and requires pre-purchase assistance, the channels for this product has to be very intensive as there would be continuous purchasing as well as assistance request for the product. This simply means that service delivery and channels are to be manned intensively to meet the needs of the customers.

I hope this helps.

6 0
3 years ago
The operations of Winston Corporation are divided into the Blink Division and the Blur Division. Projections for the next year a
lesya692 [45]

Answer:

d, $24,500

Explanation:

Computation for the Operating income for Winston Corporation as a whole if the Blur Division were dropped

Operating income (loss) for Blink Division $56,000

Less Allocated common costs Blur Division (31,500)

Operating income for Winston Corporation $24,500

Therefore the Operating income for Winston Corporation as a whole if the Blur Division were dropped would be $24,500

8 0
3 years ago
Other questions:
  • An oligopolistic market structure is distinguished by several characteristics, one of which is either similar or identical produ
    13·1 answer
  • Complete the sentence. Entrepreneurs are visionaries who __________. A. anticipates future consumer demands B. wear vision-corre
    13·1 answer
  • Perfect competition is the term used to describe: an industry in which a few price-taking firms produce identical products. an i
    11·1 answer
  • When planning a budget, the biggest consideration should be the
    15·1 answer
  • The rate of return is the _____.
    5·1 answer
  • Original, creative work of an artist or inventor is called intellectual property.
    11·1 answer
  • A lawyer cannot represent both the plaintiff and the defendant because of
    10·1 answer
  • Short-run macroeconomic equilibrium is when (Hint: Be careful! Be sure to return to the general definition of equilibrium):
    15·1 answer
  • Upon beginning her career at Davidson Inc., a small consulting firm, Stephanie Benjamin receives a copy of the firm's organizati
    5·1 answer
  • what is the connection, if any, between comparative advantage (ca) and foreign direct investment (fdi)?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!