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3 years ago

Which of the following statements regarding SPT and WSPT is INCORRECT?

Business

1 answer:

Alex Ar [27]3 years ago

4 0

Answer:

Explanation:

WSPT assigns the highest priority to the job with the LOWEST weight/processing time ratio.

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The major drawback of taking out a loan to start a company is?

steposvetlana [31]

Answer: you have to pay back the loan once you start making money. in general you have to pay back the loan. everyone wants free money.

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3 years ago

During periods of decreasing costs, the use of the LIFO method of costing inventory will result in a lower amount of net income

gladu [14]

Answer:

b. False

Explanation:

LIFO stand for Last in First Out. This means LIFO inventory valuation is based on earlier goods purchased.

So, when costs are decreasing, they are affecting latter prices and this usually affect FIFO (First in First Out) not LIFO.

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3 years ago

Performance is evaluated for an investment center through the comparison of actual and budgeted return on investment (ROI) based

igor_vitrenko [27]

Answer:

True

Explanation:

Return on Investment (ROI) is the proportion of operating assets that an investment center earned as as net operating income.

ROI is measure of the returned earned by a division relative to the amount invested in the assets used to generate the return.

It is calculated as follows

ROI = operating income/operating assets × 100

To evaluate a division, the division's ROI is compared to the budgeted ROI of the company. An actual ROI that exceeds the budgeted is considered a good performance and vice versa

3 0

3 years ago

When refusing an applicant's direct request for a recommendation, which of the following is the best format?

kiruha [24]

Answer:

The message should be brief and indirectly imply the refusal.

Explanation:

When refusing an applicant's request; it's standard practice to be polite and brief. Less words are very much commendable, to avoid emotion. Also, communication should be positive and respectful.

3 0

3 years ago

PA15.

ser-zykov [4K]

Answer:

Happy Trails

Income statement using variable costing

$ $

Sales 1,900,500

Less: Variable costs:

Direct material (27,000 units x $15) 405,000

Direct labour (27,000 units x $15) 405,000

Variable overhead (27,000 units x $3) 81,000

891,000

Less: Closing stock (8,000 units x $33) 264,000

627,000

Add: Variable selling and administrative 133,000 760,000

Contribution 1,140,500

Less: Fixed cost:

Fixed production cost (27,000 x $25) 675,000

Fixed selling and administrative expenses 300,000 975,000

Net profit 165,500

Profit reconciliation statement

Closing stock Net profit

$ $

Absorption costing 464,000 365,500

Less: Marginal costing 264,000 165,500

Difference 200,000  200,000

The difference of $200,000 in net profit is as a result of $200,000 difference in closing inventory.

Explanation:

In variable costing, variable costs are deducted from sales so as to obtain contribution margin. Net profit is the difference between contribution and fixed costs. Closing stock is the difference between production units and sales units. Closing stock is valued at marginal cost per unit in variable costing. Marginal cost per unit is the aggregate of all variable cost per unit.

3 0

3 years ago