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
hichkok12 [17]
2 years ago
8

Lunker Lures makes ten different models of fishing lures. All ten models are completely crafted by hand using the same basic mat

erials; however, some of the models are more detailed and/or complex than others. Based on this information, which type of overhead costing system would be the best fit for Lunker
Business
1 answer:
maria [59]2 years ago
8 0

The type of overhead costing system that would be the best fit for Lunker is: Traditional costing system using design hours as the basis for allocation.

<h3>What is the Traditional Costing System?</h3>

The traditional costing system is a method applied in accounting that aims at determining the cost of production. One driver is assigned as the basis of allocation.

In the case of Lunker Lures above, the driver that is used as the basis of allocation should be design hours.

Learn more about the Traditional Costing System here:

brainly.com/question/24516871

You might be interested in
list four strategies that individuals, families, businesses, and government apply when making financial decisions.
Agata [3.3K]

While making financial decision one should keep in mind the Cost-benefit analysis, marginal analysis, trade-offs, and opportunity costs.

<h3>What are the strategies for making better fianancial decision?</h3>

The success of your firm will depend on the wiser financial decisions you make, among other things. Financial errors can have devastating repercussions and seriously ruin your business venture. You must be familiar with your company's financial data in order to develop stronger financial decision-making techniques.

1. Consistently Use Reliable Accounts

2. Invest in financial education

3. Regularly compare cash flow forecasts to actuals

4. Ensure That Major Initiatives' Financial Impact Is Always Calculated

5. Have Your Team Participate In Decision-Making

6. Consistently monitor financial performance

Learn more about the Business finance with the help of the given link:

brainly.com/question/10024737

#SPJ4

6 0
1 year ago
At a potluck, everyone brings his or her favorite dish to share. gavin decides to avoid the foods he has never heard of before a
Kay [80]
I<span>n this example, Gavin eating food he prepared himself suggests that he is most influenced by Familiarity.  It means </span><span>a good knowledge of something, in this case, the food that Gavin brought to the party. </span>
3 0
2 years ago
On November 1, 2021, Jamison Inc. adopted a plan to discontinue its barge division, which qualifies as a separate component of t
skad [1K]

Answer:

d. $67 million.

Explanation:

The asset is not impaired because the fair value is higher than the book value. Therefore, the only operating loss of $67,000,000 can be reported.

Particulars                                                           Amount

Operating Loss(Jan 1 to 31 Dec 2021              $67,000,000

Before Tax loss on discontinued operation   $67,000,000

Hence, Jamison would report a before-tax loss on discontinued operations of $67,000,000.

7 0
3 years ago
Albee Township’s fiscal year ends on June 30. Albee uses encumbrance accounting. On April 5, year 1, an approved $1,000 purchase
Mice21 [21]

Answer:

Encumbrances $1000

Reserved for encumbraces $1000

Explanation:

Encumbrance is in the debit because is the money that we have destined for the purchase and  since we have to get the money from our funds Reserved for encumbrances is in the credit.

5 0
3 years ago
Atlantic Fisheries has an EBIT of $3,280, depreciation of $1,850, cost of goods sold of $6,920, dividends paid of $750, interest
WARRIOR [948]

Answer: $2420

Explanation:

The following can be deduced from the question:

EBIT = $3,280

Depreciation = $1,850

Cost of goods sold = $6,920

Dividends = $750

Interest expense = $860,

Taxable Income will be calculated as:

= EBIT - Interest Expense

= $3280 - $860

= $ 2420

6 0
2 years ago
Other questions:
  • According to ian wolfman, "brands that thrive will be those, like pizza hut, that can efficiently build sustainable relationship
    8·1 answer
  • Changes in the price of oil:
    6·1 answer
  • If I pick the wrong career, I'll be stuck forever. Myth or not?
    11·2 answers
  • Jason is developing a research design for a study of wine drinkers. The target population is widely dispersed. Jason needs to co
    9·1 answer
  • Imprudential, Inc., has an unfunded pension liability of $800 million that must be paid in 21 years. To assess the value of the
    7·1 answer
  • A benchmark market value index is comprised of three stocks. Yesterday the three stocks were priced at $30, $38, and $90. The nu
    13·1 answer
  • A builder from State A sued a homeowner from State B for breach of contract in federal court, alleging that the homeowner failed
    14·1 answer
  • what are the typical interest rates for a traditional savings account, online savings account, certificate of deposit, and money
    11·1 answer
  • The people in an economy have $10 million in money. There is only one bank that all the people deposit their money in and it hol
    6·1 answer
  • Price rises from $10 to $11, and the quantity demanded falls from 100 units to 95 units. What is the price elasticity of demand
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!