Under variable costing, fixed manufacturing overhead is: Multiple Choice applied directly to Work-in-Process Inventory. expensed immediately when incurred. never expensed. treated in the same manner as variable manufacturing overhead.

Answers

Answer 1

Answer: expensed immediately when incurred.

Explanation:

Under variable costing, only variable costs can be apportioned to the product as product costs. This means that fixed costs have to be expensed immediately they are incurred so that they do not feature in the product costs.

It is not a widely used principle as both U.S. GAAP and IFRS don't allow for its use in financial statements. They prefer absorption costing where fixed costs are apportioned to the products created.


Related Questions

what is the primary benefit people receive in exchange for paying premiums to an insurance company

Answers

Answer:

The insurance company will pay for covered expenses

With premium rates from insurance companies, the overall protection is much more guaranteed than a regular, and perhaps the insurance will cover more than regular insurance.

A benefit that people receive in exchange for paying premiums is that insurance company B.will pay for covered expenses.

What is insurance?

The insurance can be regarded as a process of insuring one's property or life in case of danger or any future problems.

The insurance company pays you or someone you choose if something bad happens to you. If you have no insurance and an accident happens, you may be responsible for all related costs.

Therefore, option B is correct because, when people pay their premiums, the company will be available to covered expenses.

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Consider the following projects. Project CO C1 C2 СЗ C4 C5 A -1,000 +1,000 0 0 0 10 B -2,000 |+1,000 |+1,000 +4,000 +1,000 +1,000 C -3,000 |+1,000 |+1,000 0 +1,000 +1,000 Assume that this firm's beta= 1.5 The expected market return is 12%. The risk free rate is 2.5%. This company can borrow debt at 5.2%. The firm has $5 billion in debt. It has 6 billion shares outstanding at $3 price/shr. The corporate tax rate (Tc) = 21% Question: What is the NPV of project B?a) $3,458
b) -$128
c) -$122
d) $2,158

Answers

Answer:

a) $3,458

Explanation:

The net present value is the present value of future cash flows discounted at the firm's weighted average cost of capital(which is the appropriate discount rate in this case) minus the initial investment outlay

cost of equity=risk-free rate+beta*(expected market return-risk free rate)

cost of equity=2.5%+1.5*(12%-2.5%)

cost of equity=16.75%

after-tax cost of debt=5.2%*(1-21%)

after-tax cost of debt=4.11%

WACC=(weight of equity*cost of equity)+(weight of debt*after-tax cost of debt)

weight of equity=value of equity/(value of equity+value of debt)

value of equity=6 billion*$3=$18 billion

value of debt=$5 billion

weight of equity=$18 billion/($18 billion+$5 billion)

weight of equity=78.26%

weight of debt=1-78.26%

weight of debt=21.74%

WACC=(78.26%*16.75%)+(21.74%*4.11%)

WACC=14.00%

present value of a future cash flow=future cash flow/(1+WACC)^n

n is the year in which the cash flow is expected, it is 1 for year 1 cash flow, 2 for year 2 cash flow ,and so on

NPV of project B=1000/(1+14%)^1+1000/(1+14%)^2++4000/(1+14%)^3+1000/(1+14%)^4+1000/(1+14%)^5-2000

NPV of project B=$ 3,458.00  

___________ are actually giant specialty stores. They feature stores the size of airplane hangars that carry a deep assortment of a particular line with a knowledgeable staff. These stores are prevalent in a wide range of categories, including books, baby gear, toys, electronics, home improvement products, and even pet supplies.

Answers

Answer: Category killers

Explanation:

A specialty store as the name implies, is one that specializes in a certain category of goods. They however provide a range of products and brands within that category.

When a specialty store becomes really big and provides a very deep assortment of a particular line of goods along with very knowledgeable staff to help, they become known as Category killers because they would be providing a whole lot of brands and products under the category they operate in.

An example would be BestBuy or Home Depot.

Suppose you buy 30 of the September corn futures contracts at the last price of the day. One month from now, the futures price of this contract is 464.5, and you close out your position. Calculate your dollar profit on this investment

Answers

Full question attached

Answer and Explanation:

If you buy 30 of the September corn futures contract at the closing price of 472.00(refer to the chart in picture attached)

Your total buying value = 30×472.250=14167.5

Since one month from now the corn futures contract is 464.5

Total value of your corn futures now= 30×464.5= 13935

Profit/loss=13935-14167.5= -232.5

Therefore you make a loss of $232.5

Walters manufactures a specialty food product that can currently be sold for $21.50 per unit and has 19,500 units on hand. Alternatively, it can be further processed at a cost of $11,500 and converted into 11,500 units of Deluxe and 5,500 units of Super. The selling price of Deluxe and Super are $31.50 and $19.50, respectively. The incremental net income of processing further would be:

Answers

Answer:

the  incremental net income of processing further is $38,750

Explanation:

The computation of the incremental net income of processing further is given below:

= (11,500 units × $31.50 + 5,500 units × $19.50 - $11,500) - ($19,500 × $21.50)

= ($362,250 + $107,250 - $11,500) - $419,250

= $38,750

Hence, the  incremental net income of processing further is $38,750

The current price for a good is ​$​, and units are demanded at that price. The price elasticity of demand for the good is . When the price of the good drops by percent to ​$​, consumer surplus _______ increases decreases by ​$ nothing. ​(Enter your response to the nearest​ penny.)

Answers

Answer:

Consumer surplus decreases by $180.

Explanation:

Current consumer surplus =  $25 * 90 unit = $2250

If the price of goods drop to $23 then the new consumer surplus will be

$23 * 90 units = $2070

The change in consumer surplus is $180 .

If average household income increases by 20%, from $50,000 to $60,000 per year, the quantity of rooms demanded at the Triple Sevens from rooms per night to rooms per night. Therefore, the income elasticity of demand is , meaning that hotel rooms at the Triple Sevens are

Answers

Answer:

Therefore, the income elasticity of demand is 0.83, meaning that hotel rooms at the Triple Sevens are normal goods and necessities.

Explanation:

Note: This question is not complete as some data in it are missing. The complete question is therefore provided before answering the question as follows:

If average household income increases by 20%, from $50,000 to $60,000 per year, the quantity of rooms demanded at the Triple Sevens rises from 300 rooms per night to 350 rooms per night. Therefore, the income elasticity of demand is __________, meaning that hotel rooms at the Triple Sevens are__________.

The explanation of the answer is now provided as follows:

Percentage change in income = 20%

Percentage change in quantity of rooms demanded = ((350 - 300) / 300) * 100 = 16.67%

Income elasticity of demand = Percentage change in quantity of rooms demanded / Percentage change in income = 16.67% / 20% = 0.83

Since the income elasticity of demand is positive but less than one, this implies that hotel rooms at the Triple Sevens are normal goods and necessities.

Therefore, the income elasticity of demand is 0.83, meaning that hotel rooms at the Triple Sevens are normal goods and necessities.

Oliver's long-term care policy covers only services in a nursing facility and pays nothing for services provided at home or in the community. What kind of LTC policy does Oliver own?

Answers

Question options:

a. facility-challenged

b. substandard

c. tier 1

d. noncomprehensive

Answer:

d. noncomprehensive

Explanation:

Oliver has a noncomprehensive long term care(LTC). A non comprehensive long term care is policy that restricts services to the ones provided at a nursing facility, and so Oliver pays for the benefits of only the services of a nursing facility . It is different from a comprehensive long term care where services cover and can be provided at an adult day care, home, assisted living facilities, or at nursing facilities.

Oliver's policy which does not cover nursing facilities provided at home or in the community is known as a Non-comprehensive health insurance policy. So, the correct option is D.

A non-comprehensive policy is a type of policy that covers only expenses related to the health of the customer that are provided in the hospital in-house premises only.

It is to be noted that there are no nursing facility expenses reimbursed or paid to the policy holder in case of health issues faced, if any. There are several other types of policies which reimburse such expenses.

In a non-comprehensive policy, the policy holder is entitled to receive health benefits of only core hospitalization and any other expenses like bedding, medications, out-house nursing facilities, etc.

The premium to be paid on the non-comprehensive policy is less compared to a comprehensive policy as the benefits to be availed are also less and so the drill.

Hence, the correct option is D that the non-comprehensive policy does not cover nursing facilities taken in-house or at the community.

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Larry estimates that the costs of insurance, license, and depreciation to operate his car total $460 per month and that the gas, oil, and maintenance costs are 33 cents per mile. Larry also estimates that, on average, he drives his car 2,000 miles per month.
Required:
a. How much cost would Larry expect to incur during April if he drove the car 1,545 miles? (Round your answer to 2 decimal places.)
b. Would it be meaningful for Larry to calculate an estimated average cost per mile for a typical 2,000-mile month?
a. Yes
b. No

Answers

Answer and Explanation:

a The computation of the cost is

= $460 + 1,545 miles × 0.33

= $460 + $509.85

= $969.85

b. It should not be considered as the meaningful as the fixed cost would remains the fixed i.e. $460 also the 0.33 per mile should be considered as the variable cost that change with the change in the no of miles covered

Therefore the same should be considered

You are annoyed by receiving identical marketing messages from an online shopping site you have used. If the company wishes to maintain a good relationship with you, which of the following CRM components needs to be addressed to improve customer satisfaction?

a. Privacy.
b. Mining social media inputs.
c. Cleaning up the data.
d. Customers expect more.

Answers

Answer: c. Cleaning up the data.

Explanation:

Cleaning up data in regards to Customer Relationship Management (CRM) refers to making changes to the messages sent to customers such that they are different or at the very least offer some new information that the customer has not seen before.

It is very important to do this because people do not like receiving the same messages over and over again as this could be considered spamming. This would lead to them unsubscribing from the service.

Year 1 Year 2 EBITDA $7,650 $9,150 Total value of equity $76,500 $82,500 Total firm value $99,450 $132,000 What is value of the entity multiple of Company X in Year 1?

Answers

Answer:

$5.59

Explanation:

Calculation to determine the value of the entity multiple of Company X in Year 1

Using this formula

Entity multiple=Market value / EBITDA

Let plug in the formula

Entity multiple=$99,450/$17800

Entity multiple=$5.59

Therefore the value of the entity multiple of Company X in Year 1 will be $5.59

If a firm has invested in corporate bonds, it may engage in a financial futures contract in order to protect itself from :___________

a. declining interest rates.
b. rising interest rates.
c. inflation.
d. changes in hedging activities.

Answers

Answer:

b. rising interest rates.

Explanation:

A bond can be defined as a debt or fixed investment security, in which a bondholder (creditor or investor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time.

Generally, the bond issuer is expected to return the principal at maturity with an agreed upon interest to the bondholder, which is payable at fixed intervals.

The par value of a bond is its face value and it comprises of its total dollar amount as well as its maturity value. Also, the par value of a bond gives the basis on which periodic interest is paid. Thus, a bond is issued at par value when the market rate of interest is the same as the contract rate of interest. This simply means that, a bond would be issued at par (face) value when the bond's stated rated is significantly equal to the effective or market interest rate on the specific date it was issued.

In Economics, bonds could either be issued at discount or premium.

Generally, if a business firm has invested in corporate bonds, it may engage in a financial futures contract in order to protect itself from rising interest rates.

As a technical project manager, you have decided to propose implementing a prototyping methodology for a small web-based design project. What is the first step you will follow in this project

Answers

Answer: Identify user requirements.

Explanation:

The first thing that the manager needs to do is to find out the user requirements for such design products. This is akin to identifying the problem in the scientific method.

Knowing the user requirements of such a product would then help the manager come up with possible solutions that can then be developed into prototypes to see if they satisfy the requirements that users have.

In eight years, when he is discharged from the Air Force, Steve wants to buy a $30,000 power boat. Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using tables. Required: What lump-sum amount must Steve invest now to have the $30,000 at the end of eight years if he can invest money at:

Answers

Answer:

The correct answer is:

(1) $15,054

(2) $12,990

Explanation:

The required table is not given in the question. Please find below the attachment of the table.

Given:

Future value,

= $30,000

If discounting rate is 9%, the present value will be:

= [tex]Future \ value\times PV \ factor(9 \ percent, 8 \ years)[/tex]

= [tex]30000\times (\frac{1}{1.09} )^8[/tex]

= [tex]30000\times 0.5018[/tex]

= [tex]15,054[/tex] ($)

If discounting rate is 11%, the present value will be:

= [tex]Future \ value\times PV \ factor(11 \ percent, 8 \ years)[/tex]

= [tex]30000\times (\frac{1}{1.11} )^6[/tex]

= [tex]30000\times 0.433[/tex]

= [tex]12,990[/tex] ($)

The responsibility report for a revenue center would compare:___.
A. actual revenues to budgeted revenues.
B. actual revenues and costs to budgeted revenues and costs.
C. actual profits to budgeted profits.
D. actual costs to budgeted costs.

Answers

Answer:

A. actual revenues to budgeted revenues.

Explanation:

Revenue center deals with quantity sold and sales prices. Therefore it keeps track of differences between Actual (Quantity x Price) and Budgeted (Quantity x Price).Thus, The responsibility report for a revenue center would compare: A. actual revenues to budgeted revenues.

Joshua has been working as a project manager in an information technology company for three years. Martha is a delivery team lead in the same company. When the company receives a project that has to be completed in a short span of time, Joshua decides to increase the daily work hours of the delivery team to accommodate the project. Martha, however, insists that Joshua request the client for a time extension. Not willing to reach an agreement, Joshua and Martha ignore each other's opinions and begin working on the project individually. Which of the following conflict-handling intentions does this scenario portray? Collaborating Accommodating Avoiding Compromising

Answers

The conflict-handling deals with collaborating

You just returned from some extensive traveling.You started your trip with $10,000 in your pocket.You spent 1.32 million pesos in Chile where Ps1 = $.001642.You spent Ps36,000 in Uruguay where Ps1 = $.03526.Then on the way home,you spent Ps29,000 in Mexico where $1 = Ps18.8709.How many dollars did you have left by the time you returned to the U.S.?
A) $3,889.07
B) $4,001.84
C) $4,110.27
D) $5,026.44
E) $4,299.03

Answers

Answer:

Option D = 5026.45

Explanation:

Amount at the start of the trip = $10000

Change the 1 million pesos into dollars, Chile = 1320000 x 0.001642 = 2167.44

Uruguay = 36000 x 0.03526 = 1269.36

Mexico = 29000 / 18.8709 = 1536.75

Dollars left at time return to U.S. = $10000 - 2167.44 - 1269.36 - 1536.75

Dollars left at time return to U.S. = 5026.45

Option D = 5026.44

For most goods in an economy, the primary signal that guides the decisions of buyers and sellers is a. quality. b. advertising.

Answers

Answer:

There will be more options than 2 of them. Probably it was a brainly error.

For most goods in an economy, the primary signal that guides the decisions of buyers and sellers is price.

The second step in developing a Performance Measurement Baseline (PMB) is to: Define and scope the work Schedule the work Prepare the Integrated Program Management Report (IPMR) Budget the work

Answers

Answer:

The second step in developing a Performance Measurement Baseline (PMB) is to:

Schedule the work.

Explanation:

After determining the goal and deliverables of the project, the scope baseline is created using the scope statement, the work breakdown structure and dictionary.  These documents require stakeholders approval.  Then, the second step is to determine the sequence of activities, estimate the durations of activities, and determine the resource needs of the scheduled activities.

If IBM has a beta of 1.2 when the risk-free rate is 6% and the expected return on the market portfolio is 18%, the expected return on IBM is:

Answers

Answer:

20.4%

Explanation:

Calculation to determine what the expected return on IBM is:

Using this formula

E(Ribm)=Risk-free rate+(Market portfolio -Risk-free rate) Beta

Let plug in the formula

E(Ribm) = 6% +(18%-6%)1.2

E(Ribm)=6%+12%(1.2)

E(Ribm)=6%+14.4%

E(Ribm)=20.4%

Therefore the expected return on IBM is:20.4%

WV Construction has two divisions: Remodeling and New Home Construction. Each division has an on-site supervisor who is paid a salary of $74,000 annually and one salaried estimator who is paid $42,000 annually. The corporate office has two office administrative assistants who are paid salaries of $46,000 and $35,000 annually. The president's salary is $147,000. How much of these salaries are common fixed expenses?

Answers

$312,000

Office administrative assistant $ 74,000

Office administrative assistant 49,000

President's salary 189,000

Common fixed expenses is the sum of the mentioned amounts above

= $ 312,000

if that one is not good then here is a other answer

WV Construction two divisions common fixed expenses is $312000

WV Construction two divisions Compensation cost that can't be distributed on a division astute premise are common fixed costs and can't be dispensed toward any office.

Total common fixed expense = $74000 + $49000 + $189000

Total common fixed expense = $312000

FAB Corporation will need 200,000 Canadian dollars (C$) in 90 days to cover a payable position. Currently, a 90-day call option with an exercise price of $.75 and a premium of $.01 is available. Also, a 90-day put option with an exercise price of $.73 and a premium of $.01 is available. FAB plans to purchase options to hedge its payable position. Assuming that the spot rate in 90 days is $.71, what is the net amount paid, assuming FAB wishes to minimize its cost

Answers

Answer:

$144,000

Explanation:

Calculation to determine net amount paid, assuming FAB wishes to minimize its cost

Net amount: ($.71 + $.01) x 200,000

Net amount = $144,000.

Therefore net amount paid, assuming FAB wishes to minimize its cost is $144000

6. निम्नलिखित पंक्तियों का आशय स्पष्ट कीजिए-
क. संगीत सबका है। इसमें जाति-पाँति का भेदभाव मत लाओ।​

Answers

Answer:

yes we should not do any bhedvab towards people becauxe we all are people mademy god if we bully other peoplw we should deserved that .

Costs associated with two alternatives, code-named Q and R, being considered by Albiston Corporation are listed below: Alternative Q Alternative R Supplies costs$79,000 $79,000 Power costs$36,600 $35,600 Inspection costs$32,000 $35,600 Assembly costs$48,000 $48,000 Required: a. Which costs are relevant and which are not relevant in the choice between these two alternatives

Answers

Answer:

Albiston Corporation

Relevant  and Irrelevant Costs:

Relevant Costs:

                      Alternative Q   Alternative R

Power costs        $36,600           $35,600

Inspection costs $32,000           $35,600

Irrelevant Costs:

                      Alternative Q   Alternative R

Supplies costs     $79,000           $79,000

Assembly costs  $48,000           $48,000

Explanation:

a) Data and Comparisons:

                      Alternative Q   Alternative R

Supplies costs     $79,000           $79,000

Power costs        $36,600           $35,600

Inspection costs $32,000           $35,600

Assembly costs  $48,000           $48,000

b) Relevant costs make a difference in the choice between alternative Q or R.  The costs that are the same in amount are not relevant.  Supplies costs and Assembly costs are two irrelevant costs, while Power costs and Inspection costs are relevant because they are not the same under the two alternatives.  They make a difference in the choice of each alternative.

Richards Corporation uses the FIFO method of process costing. The following information is available for October in it's fabricating department: Units: Beginning inventory: 80,000 units, 60% complete as to materials and 20% complete as to conversion. Units started and completed: 250,000 Units completed and transferred out: 330,000 Ending inventory: 30,000 units, 40% complete as to materials and 10% complete as to conversion Costs: Costs in beginning Work in Process - direct materials: $37,200 Costs in beginning Work in process - conversion: $79,700 Costs incurred in October - Direct materials: $646,800 Costs incurred in October: Conversion: $919,300 Calculate the equivalent units of conversion. A. 250,000 B. 317,000 C. 294,000 D. 333,000 E. 342,000

Answers

Answer:

B. 317,000

Explanation:

                     Statement of Equivalent production

Particulars           Conversion    % Completion    Equivalent Conversion

Opening WIP              80,000                   80%                 64,000

Units started &           250,000                100%                250,000

completed

Ending WIP                 30,000                   10%                  3,000    

Equivalent Units                                                                317,000

To select a strategy in a two-person, zero-sum game, Player A follows a ________ procedure and Player B follows a ________ procedure.

Answers

Answer:

None of these is correct

Explanation:

None of these is correct. The correct answer is that; it should be minimax

Find the next year's net income for XYZ Inc. Next year, the sales grow by 25%. The current sales $300 million, and the current profit margin is 10% and you expect it to remain constant.

Answers

Answer: $37.5 million

Explanation:

The next year's net income for XYZ will be calculated as follows:

Current sales = $300 million

Current Profit margin = 10%

Sales Growth rate = 25%

The next year's sales will be:

= Current Year's Sales × (1 + Sales Growth rate)

= $300 million × (1 + 0.25)

= $300 million × 1.25

= $375 million

Next Year's Net Income will then be:

= $375 million × 10%

= $37.5 million

One of the reasons for recognizing revenue at the time of sale is that the risk of loss due to price decline or destruction of the goods is passed to the buyer.A. True B. False

Answers

Answer: True

Explanation:

Sales refer to transactions which involves the provision of goods and services to the consumer.

Revenue is recognized at the time of sale so the risk of loss due to price decline or destruction of the goods is passed to the buyer.

Therefore, the correct option is true.

Suppose a country has government expenditures of $3,500, taxes of $2,200, consumption of $9,000, exports of $2,500, imports of $2,700, transfer payments of $750, capital depreciation of $800 and investment of $3,000. GDP equals:_______.A. $24,450B. $11,550C. $15,300D. $20,700

Answers

Answer:

C. $15,300

Explanation:

Calculation to determine what GDP equals:

Using this formula

GDP = Consumption + Investment spending + Government Spending + Net Export

Where,

Net Export = Export - Import

Let plug in the formula

GDP=$9,000 + $3,000 + $3,500 + ($2500 - $2700)

GDP= $15,300

Therefore GDP equals:$15,300

Suppose that a firm currently produces 100 units using 10 units of K and 14 units of labor per day. The wage rate is $100 and the rental rate is $150 per day. The cost to produce this output is

Answers

Answer: $2,900

Explanation:

The cost of this amount of output is:

= (Amount of K used * Rental rate of capital) + (Amount of labor used * wage rate)

= (10 * 150) + (14 * 100)

= 1,500 + 1,400

= $2,900

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