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MrRissso [65]
3 years ago
5

What is the purpose of using predetermined overhead rates: Variation in cost assignment due to short-term variations in volume c

an be prevented Delays in product costing can be avoided Variation in cost assignment due to seasonality can be prevented. All of the answers are correct.
Business
1 answer:
Sunny_sXe [5.5K]3 years ago
6 0

Answer:

All of the answers are correct.

Explanation:

At the beginning of the accounting period a pre-determined overhead is computed by dividing the estimated overhead production by the estimated basis of operations. The default overhead rate is then applied to manufacturing, so that the standard cost for a product may be calculated

The purpose of using pretermined overhead rates are

Delays in product costing can be avoided

Variation in cost assignment due to seasonality can be prevented

Variation in cost assignment due to short-term variations in volume can be prevented

The Use of predetermined overhead rates serves all the above purposes

Hence, all answers are correct.

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A software firm is interested in acquiring an app development company that is small but highly profitable. The app developer als
asambeis [7]

Answer:

The correct answer is The software firm may overpay for the app developer, poorly serving the software firm's shareholders.

Explanation:

Software or Systems Developers work for firms and companies dedicated to the field of Computing. They are responsible for developing the pillars of the operating systems that are created by the Programmers and testing the code of new programs to ensure their efficiency. They also perform quality tests on new projects before launching.

These professionals are involved in the whole process related to the creation and design of new systems, starting from the initial planning, establishing parameters, design, writing, code, encryption and testing. Each member of the System Developers team assumes one of the phases that will be supervised by the Project Manager.

4 0
3 years ago
Assume real per capita GDP in West Springfield is $10,000 while in East Vice City it is $2,500. The annual growth rate in West S
kicyunya [14]

Answer:

31 year will be taken

Explanation:

given data

real per capita GDP P1 = $10,000

East Vice City P2 = $2,500

annual growth rate r1 = 2.33%

East Vice City r2 = 7%

solution

we get here no of time period in year that is express here as

P1 \times (1+r1)^t = P2 \times (1+r2)^t     ........................1

put here value and we will get

10000 × (1+0.0233)^t   =  2500 ×  (1+0.07)^t  

take ln both side we get

ln ( \frac{10000}{2500} ) = t × ln ( \frac{1.07}{1.0233} )

1.386294 =  t × 0.04462

t = 31.068

time = 31 year

4 0
4 years ago
expensing the cost of copy paper when the paper is acquired is an example materiality. industry practices. conservatism. expense
sergejj [24]

Expensing the cost of copy paper when the paper is acquired is an example of .Cost constraint.

<h3>What is Cost constraint?</h3>

A cost constraint in accounting occurs when it is excessively expensive to report specific information in the financial statements. The applicable accounting standards permit a reporting entity to forego the associated reporting where doing so would be prohibitively expensive. The purpose of enabling the cost constraint is to prevent firms from paying excessive expenditures to fulfill their financial reporting duties, especially when compared to the benefit received by readers of the financial statements.

Only certain requirements for financial reporting that are mentioned in the accounting standards are subject to the cost limitation. In all other instances, regardless of the underlying cost, financial information must be reported.

To learn more about Cost constraint from the given link:

brainly.com/question/21270823

#SPJ4

4 0
2 years ago
As capital investments flow from high wage Core countries to low wage Periphery regions, _______________________ shifts take pla
svlad2 [7]

Answer: Labor

Explanation:

As a result of capital investments flowing, the labor in both the high wage countries and the low wage peripheral regions will shift due to interactions between the two labor systems.

The lower wage peripheral regions for instance, will see a rise in wages paid to their workers on account of the higher capital investment and people from these areas will move to the higher wage countries where they will be paid less which would reduce the wages paid in these higher wage countries.

3 0
3 years ago
A closed economy a. does not engage in international trade of goods and services. b. does not engage in international borrowing
Vinvika [58]

Answer:

The correct option is C,both A and B

Explanation:

A closed economy is not opened to the idea of international trade, where its surplus commodities can be traded with other nations of the world in order to earn foreign exchange while at the same procuring from trading partners products required by its nationals not available at all in the economy or the ones that are not available in the required quantity.

A closed economy also  assumes itself to be sufficient in the area of fiscal policy management by not engaging in international borrowing or lending arrangements.

5 0
3 years ago
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