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
sashaice [31]
2 years ago
6

Young Company is beginning operations and is considering three alternatives to allocate manufacturing overhead to individual uni

ts produced. Young can use a plantwide rate, departmental rates, or activity-based costing. Young will produce many types of products in its single plant, and not all products will be processed through all departments. In which one of the following independent situations would reported net income for the first year be the same regardless of which overhead allocation method had been selected?
a. All production costs approach those costs that were budgeted.
b. The sales mix does not vary from the mix that was budgeted.
c. All manufacturing overhead is a fixed cost.
d. All ending inventory balances are zero.
Business
1 answer:
ycow [4]2 years ago
8 0

Answer:

d. All ending inventory balances are zero.

Explanation:

Manufacturing overhead is an indirect cost which occurs when the production is done. Examples are Depreciation, Repairs and Maintenance etc.

All ending inventory balances are zero is the correct option because there is no opening balance and any change in net income is recorded in the balance sheet so, there will be no closing balance.

All production costs approach those costs that were budgeted, The sales mix does not vary from the mix that was budgeted and  All manufacturing overhead is a fixed cost are all incorrect.

You might be interested in
Please Help. Career Explorations
earnstyle [38]
Ok so you need to explain what the commminuty needs like for example what people needs or you can search it up and look if there is lack anywhere and look up
7 0
2 years ago
. Which of the following individuals commonly use finance in the course of their job?I. Chief financial officersII. AccountantsI
sergiy2304 [10]

Answer:

E. I, II, III, and IV

Explanation:

Chief Financial Officer is the officer in charge of all the financial transactions who, monitor the business financially, so he uses his knowledge of finance in doing analysis and evaluation of the transactions.

Accountants do not only accounting but has also to perform the financial job many a times in calculating the amounts of each transactions.

Security Analysts are core finance related people, they basically evaluate each aspect in terms of finance of the security, how profitable it would, what are the related costs and benefits, etc:

Strategic managers use finance as to make the strategy that best suits the company to grow also further it helps the manager to take the decisions regarding the funds needed and the financial viability of the decisions to be made.

5 0
3 years ago
Madison Finance has a total of $20 million earmarked for homeowner loans and auto loans, where x is homeowner loans in millions
Deffense [45]

Answer:

Ans. Car loans must be $4,000,000 and Home loans $16,000,000 in order to use all the conditions in the problem. Return= $2,000,000

Explanation:

Hi, well, you need to make sure to get as many car loans as the conditions of the problem allows you, since it returns 14%.

I used MS Excel solver to find this result, please download the excel spreadsheet attached to this answer.

Best of luck.

Download xlsx
7 0
3 years ago
The period before a trial takes place is called the
nadezda [96]

Answer:

The answer would be A.

Explanation:

Discovery process, finding the facts.

4 0
2 years ago
Jeff Jackson opened Jackson's Repairs on March 1 of the current year. During March, the following transactions occurred: Jackson
Vika [28.1K]

tambien la necesito

Explanation:

tambine

6 0
3 years ago
Other questions:
  • What hardware temporarily stores information when software is being used? system bus, ROM, HDMI, or RAM
    10·2 answers
  • A neurobiologist explains to his students that the human nervous system is analogous to electrical circuits in homes. if the cir
    6·1 answer
  • Agriculture commodities are usually sold under which environment
    12·1 answer
  • The Analytic Hierarchy Process is being employed in a project selection decision. One major criteria, cost, receives a weighting
    7·1 answer
  • Lila Battle has determined that the annual demand for number 6 screws is 100,000 screws. Lila, who works in her brother’s hardwa
    9·1 answer
  • AYEEEE YALL WANNA JOIN ME IN A KAHOOT AT 12:20 - 1:00?
    5·2 answers
  • Tim wants to purchase a new computer and go to the Caribbean for spring break. The computer is priced at $1,299, and the vacatio
    5·1 answer
  • If the money supply is $60 billion, the velocity of money is 7, and real GDP is $336 billion, then the price level equals:
    12·1 answer
  • Summarize your results of the personality assessment and how you think these elements might help or hinder you as a leader.
    5·1 answer
  • Fiberone cereal costs about the same as apple jacks, boo berry, multigrain cheerios, cinnamon toast crunch, crispix, and corn fl
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!