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maks197457 [2]
3 years ago
11

Will the financial statements of a company always differ when different choices at the start of the accounting period are made r

egarding the​ denominator-level capacity​ concept?
A. No. It depends on how a company handles the​ production-volume variance in the​ end-of-period financial statements. For​ example, if the adjusted​ allocation-rate approach is​ used, each​ denominator-level capacity concept will give the same financial statement numbers at​ year-end.
B. Yes. If different choices at the start of the accounting period are made regarding the​ denominator-level capacity​ concept, this will always result in different financial statement numbers at​ year-end.
C. Yes. The four different​ capacity-level concepts result in four different budgeted fixed manufacturing overhead cost rates per​ unit, which in turn leads to different results being reported on the financial statements.
D. No. It depends on how a company handles the​ production-volume variance in the​ end-of-period financial statements. For​ example, if the​ write-off approach is​ used, each​ denominator-level capacity concept will give the same financial statement numbers at​ year-end. Click to select your answer.
Business
1 answer:
german3 years ago
4 0

Answer:

Will the financial statements of a company always differ when different choices at the start of the accounting period are made regarding the​ denominator-level capacity​ concept?

A. No. It depends on how a company handles the​ production-volume variance in the​ end-of-period financial statements. For​ example, if the adjusted​ allocation-rate approach is​ used, each​ denominator-level capacity concept will give the same financial statement numbers at​ year-end.

Explanation:

Level capacity strategy

The organisation manufactures or produces at a constant rate of output ignoring any changes or fluctuations in customer demand levels. This often means stockpiling or higher holdings of inventory when customer demand levels fall

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Lusk Corporation produces and sells 15,800 units of Product X each month.
earnstyle [38]

Answer:

a. decrease by $58,800 per month

Explanation:

The computation is shown below;

<u> Particulars                                 Amount </u>

Contribution from product X   $94,800 ($28 - $22) × 15,800 units

Less: Fixed cost                        -$108,000

Net loss avoided                        -$13,200

Non-avoidable fixed cost            $72,000

The Total cost in case the product fall $58,800

Hence, the correct option is a.

5 0
3 years ago
The expected value of each course of action in a decision tree is determined by starting at the beginning of the tree (the left-
zvonat [6]

Answer:

False

Explanation:

The expected value of each course of action in a decision tree is not determined by starting at the beginning of the tree, instead it is a process because you need to make a desition and in some extend you espect to have some results but  some of them are uncertain or unespected. in this kind of scheme Squares represent decisions, and circles represent uncertain outcomes. Then you need to calcule the desition nodes giving each option a cost or value, This will give you a value that represents the benefit of each decision. at the end calculating choose the option that has the largest benefit, and take that as the decision made. This is the value of that decision node.

5 0
3 years ago
Which of the following can impact your credit score
stealth61 [152]

Answer: B. your Debt to Credit ratio

Explanation:

Your debt to credit ratio is important to lenders because it shows whether you spend wisely when given debt.

Debt to credit is measured as the percentage of debt you have given your credit limit. If for instance you have a credit card limit of $50,000 and have debt of $10,000, your debt to credit ratio is:

= 10,000/50,000 * 100

= 20%

Generally the lower this ratio, the better the contribution to your credit score.

7 0
3 years ago
While on a hike with a tour group in the mountains, Derek gets mauled by a bear. No previous reports of bears in the area had be
wlad13 [49]

Answer: D. Derek assumed the risk of a bear attack by joining the tour group, so he cannot hold the tour company liable

Explanation:

Derek has to accept that by joining the tour group, he assumed some the risk of some elements of danger amongst them the bear attack.

Even though there had been no prior attack by bears in the mountain, a mountain hike still has some inherent danger in it and this includes bears. He cannot hold the tour company liable using this reason alone.

4 0
3 years ago
Constable Co. reported the following information at December 31, Year 1: Accounts Payable $ 4,620 Accounts Receivable 9,470 Cash
avanturin [10]

Answer:

The total of the credit balance accounts is $117,260

Explanation:

In the classified balance sheet, we summarize the asset and liabilities into various types

Like assets are divided into fixed assets, current assets, and intangible assets.

Likewise, liabilities are also divided into current liabilities, long term liabilities

In every balance sheet, the accounting equation has used that means

Total assets = Total liabilities + Shareholder equity

The total assets have the debit balances whereas the total liabilities and the shareholder equity have the credit balances

So, The computation is shown below:

= Accounts Payable + Common Stock + Notes Payable  + Retained Earnings + Wages Payable

= $4,620 + $91,200 + $2,620 + $14,210 + $4,610

= $117,260

6 0
2 years ago
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