Understand the basic approach in activity-based costing and how it differs from conventional costing.
Answers
Activity-based costing is a technique for allocating overhead expenses in which the most appropriate cost driver is used for each individual activity.
While,
Traditional costing is a costing method that divides overhead expenses based on a single cost driver and the amount of production resources that are consumed.
Basic Differences Between them:
Main focus: The allocation of overhead expenses to the production activities is the main emphasis of traditional costing. Though it uses a distinct methodology, activity-based costing is also utilised for cost allocation.Application: The constant and variable overheads in the traditional costing approach are easily separated into fixed and variable costs, and there is just one cost driver set for all activities. The implementation of activity-based costing is challenging because it requires selecting an appropriate basis for absorbing overheads, which is a challenging and time-consuming process.Long-term business process improvement comes from activity-based costing. This is due to the fact that management of a company must thoroughly evaluate manufacturing operations and associated expenditures. This emphasises the causes of some expenditures, which can ultimately aid in managing and controlling them. It is challenging for management to collect additional data on production activities since traditional costing does not force management to search for various cost centres.
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Related Questions
(this is not a question but Im just saying this because it may be important)
Im part of this group and I ask question when I need help with my homework but today I ask some questions and the question that I ask were all wrong ya'll are not smart ya'll are wrong I got a 40% on my homework ya'll are lying with the answers some of ya'll put ''I took the quiz" and I always read that and I said oh that's the correct answer and that's not true if you want to help other people do it correctly and Im really mad at this ya'll better change.
Answers
Answer:
instead of asking just search it up this is what i do
Explanation:
Answer:
You are just asking the wrong people
When a borrower fails to repay a loan and there is a co-signer on the loan, the most likely result will be:
The co-signer will be held responsible for the repayment of the entire loan plus fees or penalties.
Answers
The co-signer will be held accountable for the whole loan repayment as well as any additional costs or penalties when a borrower fails to repay a loan and there is a co-signer on the loan.
Is a co-signer responsible for a loan?A co-signer consents to being held responsible for the debt if a borrower defaults on a loan. If you want to buy a large item, like a car, but you can't secure a loan on your own, you might think about having a co-signer. Together with the primary borrower, a co-signer is fully responsible for repaying the amount.
Moreover, family members will frequently co-sign a loan. If the borrower defaults, the co-signer may be required to pay any missing payments as well as the entire loan balance. Cosigning a loan may also have a positive or negative impact on the cosigner's credit score.
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which of the following can impact your credit score
The number of times you choose credit when given the choice between debit and credit at a register
you’re a debit to credit ratio
if you buy items at full price or at a discounted price when using credit
Types of items you’re buying using credit
Answers
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.
Describe ways to prepare for the future, including your career success and job security?
Answers
9. If you found that you were in financial trouble because of credit and had great difficulty paying your monthly bills, what would you do?
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Answer:
You would have to cut down on some luxuries, like lots of foods, amusement parks, shopping trips, etc. If you have have extra hours, work more hours, quite possibly take another job.
Explanation:
Under the federal Bankruptcy Code, the exemption amount for the debtor's personal residence is:
a) 21,625 (20,200)
b) 37,100
c) unlimited
d) 50,000
Answers
The correct answers are: a) 21,625 (20,200) and d) 50,000
Under the federal Bankruptcy Code, there is an exemption amount for the debtor's personal residence. This exemption allows the debtor to keep a certain amount of equity in their residence, which means that it cannot be taken by creditors or sold off in bankruptcy proceedings.
The exemption amount for the debtor's personal residence varies depending on the state in which the debtor resides. However, in general, the federal exemption amount for the debtor's personal residence is $25,150 per person or $50,300 for a married couple filing jointly.
This means that if the debtor has equity in their residence up to the amount of the exemption, they can keep their residence and not have to sell it to pay off creditors. For example, if a married couple filing jointly has $45,000 of equity in their residence, they would be able to keep their home and still have $4,700 of exemption left over.
It's important to note that the exemption amount for the debtor's personal residence is subject to change over time, and it's essential to consult with a bankruptcy attorney to determine what exemptions are available in your specific situation.
In conclusion, the federal exemption amount for the debtor's personal residence is an essential protection for individuals facing bankruptcy. It allows them to keep their residence and avoid the prospect of losing their home to pay off creditors.
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How would you describe the dangers of debt to a friend?
Answers
Answer:
I would explain to them that the danger of debt. Can lead to credit going down. When you don’t pay your debt, and you get behind your credit can go down
organize an event using all functions of management
Answers
Answer:
1t1= 3
Explanation:
im smart
jqjwjwjwjw
analyse the impact of an enterprise using break even analysis to make business decisions
Answers
Answer:
Using break-even analysis in your feed and grain business can help you understand and examine the profit drivers of your business. It is a very useful tool that can help you understand how much you need to sell to cover your costs and how pricing, cost, and volume changes impact these needed sales.
Which of the following is a financial resource that flows out of an organization? a. Shareholder investments b. Revenues c. Operating expenses d. Working capital e. Retained earnings
Answers
The financial resource that flows out of an organization is operating expenses.Operating expenses (option c) represent the financial resource that flows out of an organization, while the other options represent inflows of financial resources.
Operating expenses refer to the costs incurred by a business in its day-to-day operations to generate revenue. These expenses include various items such as employee salaries, rent, utilities, marketing expenses, raw materials, and other costs directly related to running the business.
Operating expenses are considered an outflow of financial resources because they represent the funds that are expended or consumed by the organization in order to operate and maintain its activities. These expenses are necessary for the organization to function and generate revenue, but they reduce the overall profitability and cash flow of the business.
On the other hand, options a, b, d, and e represent financial resources that flow into an organization:
- Shareholder investments (option a) represent capital injections made by shareholders into the organization to provide funds for its operations.
- Revenues (option b) are the income earned by the organization from its primary business activities.
- Working capital (option d) represents the funds available for the day-to-day operations of the business, including cash, inventory, and accounts receivable.
- Retained earnings (option e) are the profits that are reinvested back into the organization after dividends have been paid to shareholders.
Among the given options, operating expenses (option c) represent the financial resource that flows out of an organization, while the other options represent inflows of financial resources.
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What organizational & technical failures led to the data breach
at Equifax? (Please put where you got your sources from, thank
you!)
Answers
The organizational and technical failures that led to the Equifax data breach in 2017 have been extensively discussed and investigated. Sources such as the U.S. House of Representatives Committee on Oversight and Government Reform Report highlight the key failures.
These include the company's failure to patch a known vulnerability in a timely manner, inadequate security practices such as weak passwords and lack of encryption, poor communication and response to the breach, insufficient monitoring and detection systems, and issues with executive leadership and governance.
These failures collectively allowed hackers to exploit vulnerabilities, gain unauthorized access to sensitive data, and compromised the personal information of millions of individuals.
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Imagine the labor force of the United States numbers 157 million persons. There are 8 million jobless persons actively looking for work. There are 6 million involuntary part-time workers. There are 600,000 jobless persons not looking for work because they believe no jobs are available to them.Given these conditions, what is the official unemployment rate in the United States
Answers
Answer: = 5.10%
Explanation:
The unemployment rate includes only those who do not have a job but are actively searching for one. People working part time are considered employed when calculating the unemployment rate.
In this case, only the 8 million jobless people looking for jobs will be classified as unemployed.
Unemployment rate = Number of unemployed / Number of people in labor force * 100%
= 8,000,000 / 157,000,000 * 100%
= 5.10%
A division of a manufacturing company has a return on investment of 24%. The division has an opportunity to accept a project that is expected to earn a return on investment of 22%. The company's target return on investment rate is 20%. Which of the following statements is true?
Answers
The division should accept the project because the return is greater than the company's target return on investment rate.
RI fosters goal congruence more effectively than ROI. The management's goal rate of return is incorporated into the equation. Different target rates of return might be used by management for divisions with various levels of risk.
a spending plan that will be updated each month to account for a department's actual expenses.
Compared to static budgets, flexible budgets are predicated on differing predictions of cost behavior. Instead of assuming different cost behaviors than static budgets, flexible budgets assume various levels of activity.
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causes for scope creep can include multiple choice :
a. newly identified features.
b. incorrect design assumptions.
c. new technology.
d. users want more functionality.
e. all of these alternatives are correct.
Answers
The causes of scope creep can include newly identified features, incorrect design assumptions, the introduction of new technology, and users' desires for more functionality. Here option E is the correct answer.
Firstly, newly identified features can contribute to scope creep. As the project progresses, stakeholders may come up with additional ideas or requirements that were not originally included in the project scope. These new features can expand the project's scope, leading to scope creep.
Incorrect design assumptions can also be a cause. If the project team or stakeholders make assumptions about the design or requirements that later prove to be incorrect, it can result in changes and additions to the scope of the project.
The introduction of new technology can also lead to scope creep. New technologies may offer additional functionality or capabilities that were not initially planned for in the project. The temptation to incorporate these technologies can cause the scope to expand beyond its original boundaries.
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Samantha, a high school teacher, wants to spend more time with her children
and is looking for a part-time job in her field. What would be a good career
alternative for her?
A. Tutor
B. Administrative assistant
C. Pet groomer
D. Restaurant manager
No link please
Answers
the sequence of work for a job is also known as its
Answers
Answer:
Routing
Explanation:
What is the main idea of this text?
Mari Copeny takes action to save her city
Readwork
For more information ask
Answers
Answer:
Mari's activism helped people around the country to learn more about the problems in her town.
What are some jobs people with disabilities cannot work?
Answers
Answer:
depends on the disability
Explanation:
depending on what kind of disability they have, people with disabilities cant do certain things
• how can the long-run average cost (lrac) curve be derived from the short-run average total cost (sratc) curve?
Answers
The LRAC curve is derived by combining the most efficient segments of the SRATC curves at different levels of output and connecting them to represent the most cost-effective scale of production in the long run, where all factors of production are variable.
To derive the long-run average cost (LRAC) curve from the short-run average total cost (SRATC) curve, follow these steps:
1. Start with the SRATC curve, which represents the average total cost of producing different levels of output in the short run.
2. Identify the minimum points on the SRATC curve for each level of output.
These points indicate the most efficient combination of inputs in the short run.
3. Connect the minimum points from step 2 to form the envelope curve.
This curve is called the short-run long-run average cost curve (SRLRAC).
4. The LRAC curve is derived by drawing a smooth curve tangent to the SRLRAC curve at various levels of output.
This tangent point represents the most efficient combination of inputs in the long run.
5. Repeat step 4 for different levels of output to obtain a series of tangent points.
6. Connect the tangent points to form the LRAC curve, which represents the average cost of producing different levels of output in the long run.
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Which of the following best describes the primary reason an organization would implement an ERP?a. An environment where Accounting and Finance is critical and other core business functions are less importantb. An environment where the various business units are run independently and there is no need to share information between various business unitsc. Business Analytics is an important need which is provided automatically with all ERP solutionsd. Integration and the need to store information is a single database is the most critical need of the organizatione. A lack of IT resources and support makes an ERP solution attractive
Answers
The primary reason an organization would implement an ERP- Enterprise Resource Planning system is to integrate and streamline its business processes. An ERP system provides a single database where all business functions can be stored and accessed, eliminating the need for multiple systems and data silos.
Option d, integration and the need to store information in a single database is the most critical need for an organization to implement an ERP. By having all data in one place, businesses can avoid duplicate data entries, reduce errors, and improve data accuracy. This centralized database also allows for real-time reporting and analysis, making it easier for management to make informed decisions.
While accounting and finance may be critical functions, an ERP system benefits all core business functions, including human resources, supply chain management, sales and marketing, and production. An ERP system can automate and streamline processes in all areas of the business, improving overall productivity and profitability.
Option b, an environment where various business units are run independently, is actually a reason to implement an ERP system. By integrating all business units into one system, organizations can eliminate the silos that can develop and improve collaboration between departments. Option c, business analytics, is an important need for many organizations, but not the primary reason to implement an ERP system. While many ERP solutions include built-in analytics, organizations can also implement separate analytics tools to achieve this goal.
Finally, option e, a lack of IT resources and support, may make an ERP solution attractive, but it is not the primary reason to implement an ERP system. While ERP systems require IT resources to implement and maintain, the benefits of integration and streamlined processes make it a worthwhile investment for many organizations.
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Which of the following is not a life role category?
O Risk Taker
O Worker
O Family Member
O Learner
Answers
Risk Taker is not a life role category.
A life role is a set of expectations, behaviors and attitudes that a society assigns to a person based on their gender, age, social status, race or other factors. For example, in many cultures women are expected to be loving, nurturing and care-givers, while men are expected to be strong, provider-types.
Life roles help to define how we see ourselves and how we are seen by others. They can be a source of satisfaction and fulfilment, but they can also be a source of stress and frustration if they do not fit with our own personal aspirations and identity.
Hence, the correct option is "First".
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What are 2 laws in the UK that promote good ethical practice in an organisation?
Answers
Answer:i think its uhh carrot
Explanation:
Greenscape landscaping purchased a tractor at a cost of $35,000 and sold it three years later for $17,500. Greenscape recorded depreciation using the straight-line method, a five-year service life, and a $2,000 residual value. Tractors are included in the equipment account.
Answers
The journal entry to record the sale of the tractor would be as follows:
Debit: Equipment 17,500
Credit: Cash 17,500
Debit: Gain on Sale of Equipment 7,500
Credit: Accumulated Depreciation - Equipment 7,500
A journal entry is what?An entry in your journal serves as a record of a transaction in your company's books. For every transaction, at least two journal entries must be made in double-entry bookkeeping. A bookkeeper records all of the changes that a transaction can bring about in a firm because they can be rather numerous.
What is the formula for a journal entry?To keep the accounting formula (Assets = Liabilities + Shareholders' Equity) in balance, the debits and credits in each journal entry must be equal.
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Please Take a look
Are there any positive Jules Leblanc accounts on Instagram that I can follow ?
If you have one or any account for that matter please put the name !
My Instagram : Jules.yogurt !
Answers
Answer:
this question ?
Explanation:
um just search up Jules Leblanc and it accs will show up
Answer:
sure y not
Explanation:
why all choices are economic choices?
Answers
Answer:
All choices are economic choices because with every choice we make, we are (sometimes subconsciously) analyzing the costs and benefits of our options. Our choices are guided by self-interest and every choice we make involves some kind of cost, whether it be time or money or something else.
The price elasticity of demand (based on the midpoint formula) when price increases from $18 to $20 is?
Answers
The price elasticity of demand, when price increases from $18 to $20, is approximately -2.12.
The price elasticity of demand (based on the midpoint formula) measures the responsiveness of quantity demanded to a change in price. To calculate it, we need to use the midpoint formula:
Elasticity = ((Q2 - Q1) / ((Q2 + Q1)/2)) / ((P2 - P1) / ((P2 + P1)/2))
Given that the price increases from $18 to $20, and assuming the initial quantity demanded is Q1 and the final quantity demanded is Q2, we can substitute these values into the formula.
Let's say Q1 = 100 and Q2 = 80. We can calculate:
Elasticity = ((80 - 100) / ((80 + 100)/2)) / ((20 - 18) / ((20 + 18)/2))
Elasticity = (-20 / 90) / (2 / 19)
Elasticity = (-0.222) / (0.105)
Elasticity ≈ -2.12
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john deboer borrowed $150 000 to buy a house. his loan cost was 16
Answers
The statement "John Deboer borrowed $150,000 to buy a house. His loan cost was 16" is missing some important information.
It is unclear what the "loan cost" of 16 refers to. Is it the interest rate on the loan, the percentage of the principal that must be paid as a fee or commission, or some other fee associated with the loan? Additionally, there is no information about the repayment period, the type of loan, or any other relevant details that could help provide a more complete answer.To fully understand the implications of borrowing $150,000 for a house purchase, one would need to know more about the terms and conditions of the loan, as well as John Deboer's financial situation, including his income, credit score, and ability to make loan payments. Without this information, it is impossible to provide a comprehensive answer.
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When monopolistically competitive firms follow the marginal revenue and the marginal cost rule, the result can be profits, profits, or even losses, depending on market conditions.
Answers
Depending on the state of the market, monopolistically competitive enterprises' compliance with the marginal revenue and marginal cost rules might provide ECONOMIC profits, NORMAL profits, or even losses.
What are monopolistically competitive firms?Generally, When a large number of businesses provide rival goods or services that are comparable but imperfect alternatives, monopolistic competition develops.
The results of monopolistically competitive businesses adhering to the marginal revenue and marginal cost rule can be ECONOMIC profits, NORMAL profits, or even losses depending on the conditions of the market.
Both the resource DEMAND curve and the marginal revenue product curve are represented by the marginal revenue product curve.
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1. Workplaces that grow plants, such as farms, nurseries, greenhouses,
gardens, and parks are part of
Plant Systems
Animal Systems
Food Products & Processing Systems
Environmental Service Systems
Answers
Answer:
Plant Systems
Explanation:
The plant system entails the science of how plants grow. It is the study of the different types of plants and how they impact our world. Gardens, farms, nurseries, greenhouses, and parks also form part of the plant's system.
Plant Systems specialists help feed the nation by monitoring our plant food quality and safety. They provide information that aids consumers in making sensible nutritional decisions.
You want to put on a play in the spirit of the Elizabethan period. What element might you want to include?
A nighttime production
A high ticket price
Food and drink sellers in the audience
A rule that the audience has to be quiet during the performance.
Answers
One element that you might want to include in a play in the spirit of the Elizabethan period is food and drink sellers in the audience.
During Elizabethan times, it was common for theater performances to take place in open-air venues, and audiences were allowed to eat, drink, and socialize during the show. Having food and drink sellers in the audience can help recreate the vibrant and interactive atmosphere of those times, where spectators could enjoy refreshments while watching the play. In order to capture the essence of the Elizabethan period in a play, including food and drink sellers in the audience can add an authentic touch. This element reflects the historical context where theater performances took place in open-air venues, allowing the audience to indulge in food, drink, and socializing during the show. It adds a sense of liveliness and interactivity, recreating the atmosphere of the time.
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