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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.

You might be interested in
Rashan's family is always telling him he's worthless and will never be successful at anything he does. Eventually, he reaches a
Ivenika [448]

Answer:

Self-esteem

Explanation:

Self-esteem is a person's evaluation of their worth. This evaluation is subjective as it may not be based on reality. Self-esteem is influenced by one's environment including peer groups, family, and coworkers.

Self-esteem induces the following feelings: shame, despair, pride, and triumph. It determines if a person likes themselves or not. People with high self-esteem are happy and comfortable with themselves, while those with low self-esteem are often depressed.

Rashan's self-esteem has gone low as he now believes what his family is telling him. That he is worthless.

7 0
4 years ago
A product manager is eager to develop a new product idea. To gain approval to do so, the product manager orders the research tea
vladimir1956 [14]

Answer:

The answer is b. Advocacy research

Explanation:

Advocacy research is carried out with the intention of providing evidence and arguments that can be used to support a particular cause or position.

8 0
4 years ago
Indirect costs incurred in a manufacturing environment that cannot be traced directly to a product are treated as a.period costs
Dima020 [189]

Answer:

Indirect costs incurred in a manufacturing environment that cannot be traced directly to a product are treated as Product costs and expenses when the goods are sold, Option D.

Explanation:

Indirect costs are also manufacturing overheads which cannot be directly put on the product but they have to be allocated in some way. So, these are treated as 'product costs' and 'expenses' when the goods are sold. They are not period costs as per Option A and option C. Option B which says that it is product costs when incurred, which is also incorrect.

Examples of indirect costs can be accounting and legal expenses, rent, telephone expenses, salaries of administrative.

Direct costs includes the costs of direct 'labor', materials and commissions.

8 0
3 years ago
A publisher reports that 55% of their readers own a particular make of car. a marketing executive wants to test the claim that t
Dominik [7]

Based on the percentage of readers who own a particular make of the car and the random sample, we can infer that there is sufficient evidence at a 0.02 level to support the executive claim.

<h3>What is the evidence to support the executive's claim?</h3>

The hypothesis is:

Null hypothesis : P = 0.55

Alternate hypothesis : P ≠ 0.55

We then need to find the test statistic:

= (Probability found by marketing executive - Probability from publisher) / √( (Probability from publisher x (1 - Probability from publisher))/ number of people sampled

= (0.46 - 0.55) / √(( 0.55 x ( 1 - 0.55)) / 200

= -2.56

Using this z value as the test statistic, perform a two-tailed test to show:

= P( Z < -2.56) + P(Z > 2.56)

= 0.0052 + 0.0052

= 0.0104

The p-value is 0.0104 which is less than the significance level of 0.02. This means that we reject the null hypothesis.

The Marketing executive was correct.

Find out more on the null and alternate hypothesis at brainly.com/question/25263462

#SPJ1

8 0
2 years ago
Identify which characteristic describes common stock (CS) or preferred stock (PS) financing. May have cumulative and participati
shepuryov [24]

Answer:

Common Stock (CS)

  • Places minimum operating constraints on the firm. - Common stock does not have to be paid dividends so place no obligations on the firm.
  • Last to receive distribution of assets in the event of bankruptcy and liquidation. - CS is paid last when assets are liquidated as debt and preferred stockholders are paid off first.

Preferred Stock (PS)

  • May have cumulative and participating features. - Can be cumulative which means that if dividends are not paid in one year, the dividend will be accrued and eventually paid or they can be Participating which means that they can receive more dividends than they are entitled to.
  • May be convertible into another type of security. - Preference shares can be converted into other securities such as Common stock.

7 0
3 years ago
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