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
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.

You might be interested in
The bookkeeper for Concord Corporation asks you to prepare the following accrued adjusting entries at December 31.
mario62 [17]

Answer:

No  Date    Account Titles and Explanation       Debit     Credit

1.  Dec. 31   Interest expenses                               $400

                           Interest payable                                        $400

                  (To record interest due on notes)

2. Dec. 31   Account receivable                             $2,000

                             Service revenue                                      $2,000

                  (To record the service revenue earned)

3. Dec. 31   Salaries and wages expenses            $670

                              Salaries and wages payable                 $670

                   (To record the alaries and wages expenses)

5 0
3 years ago
On January 1, 2018, Moore, a fast-food company, had a balance in its Cash account of $54,000. During the 2018 accounting period,
7nadin3 [17]

Answer:

Net cash flow as at the year end=          $22,100

Explanation:

The statement of cash flows for Moore shall be calculated as follows:

Cash balance as at January 1, 2018=     $54,000

Cash inflow from operating activities=  $35,600

Cash outflow from investing activities= ($43,000)

Cash outflow from financing activities= ($24,500)

Net cash flow as at the year end=          $22,100

4 0
4 years ago
Damaris is a member of AASA. What did she most likely learn from a meeting she recently went to? A professional accountant would
Andrew [12]

Answer:

<u>There is a conference for school principals coming to town</u>

<u>Explanation:</u>

Remember, the full meaning of the acronym AASA is the American Association of School Administrators.

Hence, we could more likely conclude that from all the listed options, she most likely learned from such a meeting that there is a conference for school principals coming to town because members of this organization consist mainly of leaders of educational facilities such as principals.

4 0
4 years ago
Read 2 more answers
In the last two years, BMW AG, the Bavarian auto maker, has developed a car made primarily from carbon-fibers that is not only l
Elis [28]

The new manufacturing plant of BMW vehicles will be engaged in the process of mass production.        

<h3>What is mass production?</h3>

The process of production, wherein a large proportion of goods or inventories are produced by a business organization to reduce the costs of production, is known as mass production.

Hence, option B states about mass production. Complete question has been added in the image for reference.

Learn more about mass production here:

brainly.com/question/17725162

#SPJ1

5 0
2 years ago
If the container store owners/managers were to walk around and personally thank each employee for doing a good job, then this wo
Lelechka [254]
I<span>f the container store owners/managers were to walk around and personally thank each employee for doing a good job, then this would be a motivating factor. This action exhibits a good environment as well for employees to foster as they're performances are acknowledged by their employers. if this goes on, this will inspire many employees to alleviate their status.</span>
8 0
3 years ago
Read 2 more answers
Other questions:
  • If a consumer receives information that is inconsistent with her or his beliefs, the consumer may alter this information. This p
    13·1 answer
  • One retail trend resulting from economic conditions is​ ________.
    8·1 answer
  • When should a person proceed with a
    15·1 answer
  • Using skills assessment analytics to match abilities to job tasks is an application of:_____________.
    9·1 answer
  • What is the process of a public acquisition? What are the steps in order to proceed one?
    9·1 answer
  • Cierra, Inc. manufactures computer chips. Currently, the costs per unit are as follows: Direct materials $ 1.00 Direct labor 10.
    12·1 answer
  • George invested $1,000 in large U.S. stocks at the beginning of 2012. This investment earned 16.35 percent in 2012, 31.50 percen
    15·1 answer
  • You decide to buy 1,300 shares of stock at a price of $36 and an initial margin of 65 percent.
    9·1 answer
  • In the context of communication, which of the following is a difference between encoding and decoding?
    10·2 answers
  • assume all stock prices fairly reflect all of the available information on those stocks. which one of the following terms best d
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!