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
Fill in the blanls:
Daniel [21]

Answer:

1. productivity 2. cost 3. productivity in terms of output per dollars of a resource's unit cost 4. Higher.

Explanation:

Productivity is a formula where the total production is calculated in terms of resources needed to produce it. The variance of this ratio can indicate if a company if used wisely or poorly its resources. In order to make comparisons among different financial ratios, the productivity per resource has to be divided per the total cost of that resource. The value obtained could be then compared, because it is terms of dollars.

6 0
3 years ago
All of the following developments helped make the cattle business profitable except:
Ksju [112]
There is no proof that the barbed-wire fences were a development helping make the cattle business profitable. The rest of them are ok. So the one that must not be here is the option A.
8 0
3 years ago
Assuming a downward-sloping demand curve, a change in price, all held constant:a. May or may not result in a change in quantity
ziro4ka [17]

Answer:

d. Generates a change in quantity demanded.

Explanation:

Because in this case only the price is changing and all other factors are held constant the demand curve will not move and any movement that will take place will be along the demand curve. If the price increases the quantity demanded will decrease and if the price decreases the quantity demanded will increase, the reason for this is that the demand curve is downward sloping, therefore a price change will only change the quantity demanded.

7 0
3 years ago
X minus Industries manufactures 3minusD printers. For each​ unit, $ 3 comma 500 of direct material is used and there is $ 2 comm
dolphi86 [110]

Answer:

Profit earned=$21,000

Explanation:

Manufacturing Cost total=direct material +direct manufacturing+ Total Manufacturing overhead

Direct Material=$3500

Direct manufacturing =$2800

Total Manufacturing overhead=(($2800/12)*18)

Total Manufacturing overhead=$4200

Manufacturing Cost total=$3500+$2800+$4200

Manufacturing Cost total=$10,500

Profit earned=($11,000-$10,500)*42

Profit earned=$21,000

4 0
3 years ago
Select the correct answer.
Yuki888 [10]

Answer:

The answer is A

Explanation:

The downward sloping curve is a graphical representation depicting the relationship between a commodity's different price levels and quantities which consumers are willing to buy.

7 0
3 years ago
Read 2 more answers
Other questions:
  • One of the main outputs of the initiation process is _____. a. selecting the project manager b. developing the project charter c
    15·1 answer
  • The accountant at ABC Water Company has been asked to perform a vertical analysis of the company's debts relative to their reven
    10·1 answer
  • Use the information below to answer the following questions: Common Stock: $17,000 Service Revenue: $20,000 Notes Payable: $5,00
    8·1 answer
  • Help please??
    5·2 answers
  • If commercial banks are maintaining a 4 percent reserve/deposit ratio and the fed raises the required reserve ratio to 6 percent
    9·1 answer
  • Which kind of advertising aims at increasing sales by informing the public of a company's capabilities?
    12·1 answer
  • The stockholders’ equity accounts of Martinez Corporation on January 1, 2020, were as follows:
    13·1 answer
  • Your best friend says they don’t think insurance is important. Explain to them why it is important to have insurance. How is hav
    10·2 answers
  • What is the best way to be compensated for your work? And why
    13·1 answer
  • Which of the following skills are important for job interviews?
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!