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]
3 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]3 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
It is important that the objectives established by executives for their company must be _____, or else employees will not focus
lys-0071 [83]

Answer: Achievable

Explanation:

Executives must have an achievable objective for their employees. An objective is achievable when employees feel that it is measurable and there is a realistic chance it will be fruitful.

An achievable objective will make employees work hard towards its accomplishment but an unachievable objective will make employees loose focus as they will direct their attention towards something else.

5 0
3 years ago
Arthur Meiners is the production manager of​ Wheel-Rite, a small producer of metal parts.​ Wheel-Rite supplies​ Cal-Tex, a large
lidiya [134]

Answer:

The optimum production quantity is 72 wheel bearings per batch.

Explanation:

Wheel Rite can produce 480 wheel bearings per day.

Setup cost are $39 per batch.

Holding costs are $0.70 per unit per year.

The optimum batch size can be calculated as the one that minimizes the cost. This can be calculated with the Economic Order Quantity formula:

Q=\sqrt{\frac{2DS}{H} }

In this case, the units are:

D: daily demand (52 u.)

S: Setup cost per order ($39)

H: holding cost per unit per year ($0.70)

Then, we have:

Q=\sqrt{\frac{2DS}{H} }=\sqrt{\frac{2*52*39}{0.7} }=\sqrt{5,794}=76.12\approx 72

The optimum production quantity is 72 per batch.

5 0
3 years ago
Buyers of a good bear the larger share of the tax burden when the (i) supply is more elastic than the demand for the product. (i
mario62 [17]

Answer:

A. (i) only

Explanation:

4 0
3 years ago
A demand for a product or resource because of its contribution to the final product is called
tino4ka555 [31]

Answer:

Derived demand

Explanation:

Derived demand occurs when a good is requested not for benefits they directly provide, but for their contribution to another product.

For example capital, land, labour, and raw materials are demanded for their role in producing a final product.

So they can be seen as goods that have derived demand.

When they demand for the final product increases the good that has derived demand also increases, and vice versa.

8 0
2 years ago
In order to obtain leave under the Family and Medical Leave Act, an employee whose need for a leave is foreseeable must advise t
Butoxors [25]

Answer:

<u>30</u>

Explanation:

Under the relevant provisions of the Family Medical Leave Act, an employee whose leave requirements for the future are already known to him or which are predictable, should serve a notice for leave in the same regard at least 30 days prior to the expected date from which the leave shall begin.

If such leaves cannot be anticipated 30 days prior, the employee in such a scenario shall serve the notice for leave as soon as possible i.e the moment the leaves are anticipated. The term associated with above being, "as soon as practicable".

3 0
3 years ago
Other questions:
  • During 2021, its first year of operations, Baginski Steel Corporation reported a net operating loss of $388,000 for financial re
    6·1 answer
  • What are some risks of adding a new product?
    15·1 answer
  • Is it against the law to require a student to pay their own money to go on a trip that will affect grade?
    11·1 answer
  • What global trend is evident with regard to alcohol? affluent nations have more abstainers and abusers than low-income nations.
    12·1 answer
  • Scorla Corp. is an apparel manufacturing factory. Its average resource utilization per year is calculated as 70%. The average sa
    9·1 answer
  • Gonzalez Company acquired $200,000 of Walker Co., 6% bonds on May 1 at their face amount. Interest is paid semiannually on May 1
    5·1 answer
  • Suppose the chester company expands to other markets with good designs, high awareness and easy accessibility, what strategy wou
    11·1 answer
  • Which answer is true?
    6·2 answers
  • All of the following are defined as "institutional buyers" under the Uniform Securities Act EXCEPT:________a. banksb. insurance
    8·1 answer
  • The _______ section of the marketing plan consists of a detailed description of the article being offered.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!