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photoshop1234 [79]
3 years ago
14

Alex Timbers, a wood supplier, receives an order of 10 wooden logs from a furniture manufacturing company. The client brief ment

ioned that the logs should be made of teak wood and be identically sized. After receiving the order, the quality specialist of the furniture manufacturer observed that the logs were too big to be used for building furniture. In this scenario, it is likely that the information provided by the furniture manufacturing company to Alex Timbers was _____.
A) untimely
B) irrelevant
C) inaccurate
D) incomplete
Business
1 answer:
Marianna [84]3 years ago
5 0

Answer:

D.  Incomplete

Explanation:

The information supplied by the furniture manufacturing can be described as incomplete because it fails to state how big or how small the wooden logs should be to serve the purpose of what it is wants to be used for.  It only states the kind of quality  that the wood should be and that it should be of the same size.

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At the end of the period, the balance left in the factory overhead account is equal to the
katrin2010 [14]

Answer:

d.total factory overhead cost variance.

Explanation:

In manufacturing accounting, at the beginning of the period, manufacturing overheads (i.e. costs other than Direct Material and Direct Labor) has been applied to Work-in-process using a predetermined overhead rate. At the end of the period, if the manufacturing overhead account shows a debit balance, that signifies that overhead has been under-applied (i.e. the manufacturing overhead cost applied to work in process is <u>less </u>than the actual manufacturing overhead cost for the period), and contrariwise if the manufacturing overhead account shows a credit balance, it means the overhead is over-applied (i.e. the manufacturing overhead cost applied to work in process is <u>more </u>than the actual manufacturing overhead cost for the period). In any case this balance warrants an adjustment to close out the books, by transferring it to the cost of goods sold account.

6 0
2 years ago
The figure in the amount column is sometimes referred to as 'cumulative balance'. Why is it referred to in this way?
Bas_tet [7]

Answer:

Explanation:

For each transaction, you add to the previous balance to keep a running total.

6 0
3 years ago
refer to the accompanying national income data (in billions of dollars). the gross domestic product for this economy is
jeka94

Answer: $623 billion

Explanation:

Gross Domestic Product refers to the final value of the goods and services produced within a country in a certain period which is usually a year.

It can be calculated by several approaches with one of them being the Expenditure approach.

The formula is:

= Consumption + Investment + Government spending + Net exports

= 400 + 88 + 128 + 7

= $623 billion

4 0
3 years ago
What does the IS curve​ show? A. It shows equilibrium points in the goods marketlong dashthe combinations of the real interest r
Mariana [72]

Answer:

Option (A) is correct.

Explanation:

Investment spending curve refers to the curve shows various combination of real interest rate and the equilibrium output. There is a negative relationship between the real interest rate and output which means that an increase in the real interest rate will reduce the output of an economy and if there is a fall in the real interest rate then as a result there is an increase in the output.

7 0
3 years ago
Xinhong Company is considering replacing one of its manufacturing machines. The machine has a book value of $43,000 and a remain
Nadya [2.5K]

Answer:

Option A  financial disadventage of 21,200

Option B financial advantage of 26,000

The company should go for alternative B

Explanation:

                                       old              A    Differential

Purchase                            -119000 -119,000

Proceeds from sale             53,000       53,000

Variable cost           -134,000    -89,200   44,800

Total                    -134000   -155200 -21,200

                                old               B     Differential

Purchase                               -117000 -117,000

Proceeds from sale               53,000     53,000

Variable cost                -134,000      -44,000   90,000

Total                         -134000     -108000 26,000

<u>Notes:</u>

  • The book value is irrelevant for this question.
  • When going for either alternative we are selling the old machine at their fair value. So we have proceeds from the sale
  • Then the variable cost of the old and each alternative are multiply by 4 becuase, that is the useful life of the machines in year.
  • We add them all and check the difference

Alternative A has a negative differential income, so it is not viable

Alternative B has a positive differential income, it is viable.

5 0
3 years ago
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