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MrRissso [65]
2 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]2 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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The criteria that parties to a contract must be in agreement is also known as
irga5000 [103]

Answer:

C: Mutual Assent.

Explanation:

Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.

Hence, the criteria that parties to a contract must be in agreement is also known as mutual assent.

<em>In a nutshell, mutual assent connotes agreement, acceptance and consent to a contract by both parties. </em>

7 0
3 years ago
A portfolio manager sells Treasury bonds and buys corporate bonds because the spread between corporate- and Treasury-bond yields
Kobotan [32]

Answer: The correct answer is "an intermarket spread".

Explanation: This is an example of <u>an intermarket spread</u> swap.

  • An intermarket spread swap, is the exchange of 2 bonds within different parts of the same market in order to obtain a higher yield.
7 0
3 years ago
The price of wheatwould be â$nothingper bushelif there was no price support. In order to maintain the priceâ support, the govern
horrorfan [7]

Answer:

$5, 200 bushels of wheat

Explanation:

From the diagram the price support was at $6 per bushel, however if the government removes the price support or if there was no price support, then the price of the wheat will be $5 for a bushel. And in order to maintain the price support, from the diagram below, it is expected that the government would have to purchase 200 bushels of wheat.

4 0
3 years ago
Connie has AGI of $90,000 and owns rental property generating a $27,000 loss. She actively manages the property. Her deductible
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Answer and Explanation:

Her deductible loss is $27,000.

8 0
2 years ago
A department is looking for an entry-level cashier. One of the job applicants is a cashier with 30 years of experience as a cash
emmainna [20.7K]

The reason why the manager wants the person with 6 months of experience is the fact that a person with 30 years of experience is overqualified for an entry level position.

<h3>What is an entry level position?</h3>

An entry level position is a job that is designated for the people that have just left school.

The kind of people that are fitted for such positions are those that have just graduated from the university.

The person with 30 years of experience does not fit into this category.

Read more on entry level here:

brainly.com/question/14689930

6 0
2 years ago
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