This practice is known as clean float. A clean float, also known as a pure exchange rate, is when a currency's value or exchange rate is solely decided by market supply and demand.
A dirty float, which happens when governmental regulations or laws have an impact on currency pricing, is the antithesis of a clean float. Since there are no limits on capital flow, markets are able to allocate resources (including financial capital) effectively. Additionally, fluctuations in the nominal exchange rate account for the majority of adjustments to both local and international shocks. Exchange rates fluctuate daily in a managed float regime, which is a global financial setting.
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which of the following statements is false? a) problems can arise using the irr method when the mutually exclusive investments have different cash flow patterns. b) the irr is affected by the scale of the investment opportunity. c) multiple incremental irrs might exist. d) the incremental irr rule assumes that the riskiness of the two projects is the same.
Option b.) IRR is affected by the size of the investment opportunity is the correct answer. This is because using the IRR method can be problematic when mutually exclusive investments have different cash flow patterns.
The incremental IRR rule assumes that two projects have equal risk. There can be multiple incremental IRRs. The internal rate of return (IRR) is the discount rate that drives the net present value (NPV) of a project to zero. In other words, the total annual return expected to be achieved on a project or investment.
In addition to the portion of the indicator that reflects market dynamics and economic strength, other factors such as project strategic positioning, business performance, leverage and leverage also contribute to his IRR.
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Tax preparation software can help prepare and file your
taxes by
Charge programming helps you plan and record your personal government forms quicker and more effectively than finishing up paper structures.
It calculates how much you owe and how much the government owes you, keeps things organized, and provides step-by-step instructions.
What is an example of software for preparing taxes online?
You can start your return online with either TurboTax or H&R Block's online service, and a tax professional will review your information and file on your behalf. In addition to the standard software fee and an additional $40 to $50 per state, these services are about the same price as hiring your own tax preparer.
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how does depreciation affect the tax basis of an asset? multiple choice question. the tax basis is reduced by the depreciation expense deducted on the tax return each year. the original basis is increased by the depreciation allowed or allowable on the asset each year. the original basis is increased by the depreciation expense deducted on the tax return each year. the tax basis is reduced by the depreciation allowed or allowable on the asset each year.
Each year that an asset's tax basis is affected by depreciation, the tax basis is reduced by the amount of allowable or allowed depreciation on the asset.
An asset is a resource with economic value that a person, organization, tax or nation owns or manages with the hope that it will someday be useful. Each year that an asset's tax basis is affected by depreciation, the tax basis is reduced by the amount of allowable or allowed depreciation on the asset.
A company's balance sheet lists its assets. They are divided into current, fixed, financial, and intangible categories. They are acquired or produced tax to raise a company's value or enhance its operations.
Whether it's a piece of manufacturing equipment or a patent, an asset can be thought of as something that will, in the future, increase sales, lower costs, or generate cash flow.
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improvements in the productivity of labor will tend to: group of answer choices decrease wages. decrease the supply of labor. increase wages. increase the supply of labor.
Improvements in the productivity of labor will tend to option(c) increase wages.
Production per worker or per hour worked is referred to as labor productivity. Skills of the workforce, technology advancement, managerial techniques, and changes in other inputs are all variables that can have an impact on labor productivity (such as capital).
Growth in productivity helps businesses to raise worker wages. Unit labor costs (ULCs), a measure of the labor expenses incurred in generating one unit of output, go down as labor productivity rises, allowing businesses to offset the impact of pay increases on profits.
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which of the following entries records the adjustment for revenue earned, but not yet collected? multiple choice debit accounts receivable and credit sales revenue. debit sales revenue and credit accounts receivable. debit deferred revenue and credit sales revenue. debit accounts receivable and credit deferred revenue.
various options Debit receivables from customers, credit sales. Accounts Receivable is debited and Sales Revenue is credited. Sales revenue is debited and deferred revenue is credit. Debit receivables and credit deferred revenue are the two balances.
What are debit and credit?An accounting entry that decreases an asset or cost account is known as a debit. or reduces an equity or liability account. In an accounting entry, it is placed on the left. An accounting item known as a credit raises a liability or equity account's balance. or lowers an account for an asset or expense.
The money that is placed into your checking account is a credit to the bank even if it is a debit to you (an increase in your asset) because it is not their money. It is your money, and the bank owes it to you, so it is a liability on their books. A credit is an increase in a liability account.
Explain debit and credit with an example:
Debit what comes in, credit what leaves, first. Second, credit all gains and revenue while debiting all expenses. Thirdly, debit the sender and credit the recipient.
Can you credit revenue and debit accounts receivable?An accounts receivable transaction in journal entry form debits accounts receivable and credits a revenue account. Credit accounts receivable (to eliminate the receivable) and debit cash (to show that you have been paid) when your customer pays their invoice.
Debit or Credit Account: As a business owner, your equity grows as a result of your revenue. Revenues must be reported as credits rather than debits because your equity typically has a credit balance.
Revenue from sales is it an accounts receivable?
When a business sells anything, it reports the revenue from the transaction on its income statement. They list the amount owed as accounts receivable on their balance sheet if the consumer hasn't yet paid them for the purchase. The amount indicated on the income statement is offset by accounts receivable.
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36. frontier corp, sells units for $50, has unit variable costs of $20, and fixed costs of $300,000. if frontier dells 15,000 units, what is its degree of eperating leverage?
If frontier dells 15,000 units, 3 is its degree of operating leverage.
The contribution margin is ($50 - $20) × 15,000 = $450,000. So, the Profit is $450,000 - $300,000 = $150,000. The degree of operating leverage is $450,000/$150,000 = 3.
How much a company's operating income alters in reaction to a change in sales is determined by its degree of operating leverage. Analysts can assess the effect of any change in sales on business earnings using the DOL ratio.
If all other factors remain constant, a company's earnings before interest and taxes (EBIT) are more sensitive to changes in sales the higher the degree of operational leverage (DOL). Analysts can use the DOL ratio to predict how changes in sales will affect the company's earnings.
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What might be the benefit of setting up a recurring payment through online bill pay?.
Online bill payment is the practise of paying bills using electronic equipment like computers, tablets, cellphones, and so forth. It is joined to having a checking account that allows electronically withdrew funds for payment of occasional or ongoing bills.
It performs payments.To be completed quickly and efficiently. In addition,Referred to as electronic or automatic bill Payment of bills.You only pay once when you make a one-time payment. You will make multiple payments when you set up recurring payments.Small firms frequently utilise the application software QuickBooks Online to manage their accounting tasks.Therefore, there are two ways for a user to start setting up a recurring transaction in Quickbooks online, and they are as follows:First, a user can choose “make recurring” from a list of options at the bottom of a transaction.A user may choose choose gear and then the recurring transaction as an alternative.
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rena is beginning her week as a sales representative for logitech technology. she decides to start the day by developing a list of potential customers, which is called
Rena is beginning her week as a sales representative for Logitech technology. she decides to start the day by developing a list of potential customers, which is called prospecting.
When a salesperson spots a potential client, it's called?Prospecting is the action here. Finding potential customers for a good or service is the first step in the rest of the sales process. A lead. A potential customer is a buyer of a good or service who hasn't been approved yet.
Which stage of the sales process is used to draw in prospective clients and customers?During this phase, you locate potential clients and ascertain whether they require your good or service—and whether they can pay what you have to offer.
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carpenter inc. had a balance of $80,000 in its quality-assurance warranty liability account as of december 31, 2020. in 2021, carpenter's warranty expenditures paid were $445,000. its warranty expense is calculated as 1% of sales. sales in 2021 were $40 million. what was the balance in the warranty liability account as of december 31, 2021?
The balance in the warranty liability account as of December 31, 2021 will be $35,000.
Warranty expense for 2021 = $40 millions * 1%
Warranty expense for 2021 = $400,000
Balance in Liability on 31 Dec = Warranty Liability on 1 Jan + Warranty Expenses - Warranty Expense paid
Balance in Liability on 31 Dec = $80,000 + $400,000 - $445,000
Balance in Liability on 31 Dec = $35,000
A warranty liability is an account that a business uses to record the cost of repairs or replacements that it anticipates having to make for goods that have already been shipped or services that have already been rendered. When it comes to more complicated products that are prone to breaking, this can be a serious liability.
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what incentives would you recommend to motivate a product development team responsible for creating new toys?
A behavioral theory known as the "incentive theory of motivation" asserts that people are motivated by a desire for rewards and incentives.
Additionally, according to the incentive theory, individuals avoid actions that could result in punishment and act in a manner that they believe will earn them a reward.
Which three kinds of incentives are there?
However, there are three types of incentives, and they are not just economic in nature: Economic incentives include material gain or loss (doing the right thing), social incentives include reputation gain or loss (being seen as doing the right thing), and moral incentives include conscience gain or loss (doing the "right thing" or not).
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spot co. purchases office supplies from sally supplies, inc.. spot does not pay cash for the purchase, and now owes the amount to sally. this transaction would typically be recorded in which account in spot's books?
If spot co. purchases office supplies from sally supplies, inc.. spot does not pay cash for the purchase, and now owes the amount to sally. this transaction would typically be recorded in account payable account in spot's books.
What is account payable?Account payable can be defined as the money a company is yet to pay to their suppliers for the goods that was supplied to them.
Spot co is still owning sally supplies inc based on the fact that after receiving the goods the are yet to pay sally supplies inc which is why the transaction will be recorded as account payable in spot books and sally supplies inc will record it the transaction in their account as account receivables because they are yet to received the money for the goods they supplied to spot.co.
Which is why account payable is often treated as current liability under the balance sheet while account receivable is treated as current assets.
Therefore it will be record as account payable.
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the inventory methods that result in the most current costs in the income statement and balance sheet are income statement balance sheet question 43 options: a) fifo fifo b) lifo fifo c) lifo lifo d) fifo lifo
The inventory methods that result in the most current costs in the income statement and balance sheet are income statement balance sheet is the LIFO
The income statement will reflect the most recent costs as a result of LIFO. The cost of products sold will reflect current costs because this method implies that the most recent inventory expenses are sold to customers first.
It uses the last in, first out (LIFO) method of inventory accounting. In accordance with LIFO, expenses are subtracted beginning with those for the most recent purchases of items (or produced). Only in the United States is LIFO practiced, and it is governed by generally accepted accounting rules (GAAP) For nonperishable items, LIFO (last in, first out) inventory management is preferable as it determines the cost of goods sold using the current pricing.
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keatts company's bank statement included an nsf check written by one of its customers. what effect will the entry to recognize the nsf check have on the company's financial statements? balance sheet income statement statement of cash flows assets
The statement of cash flows assets will effect the entry to recognize the NSF check have on the company's financial statements.
The NSF stands for non sufficient funds. The NSF check is one which is not entertained by the bank of the company issuing the check, which means on the ground that its bank account does not contain sufficient funds or the bank account has been closed.
The NSF check will bounce by the banks which leads affect the keatts company's financial statement of cash flow assets, the aggregate total of all cash flows related to the assets of business, if an NSF check written by one of its customers.
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Who is most likely to be treated with deference, such as always getting the best seat in the conference room during meetings? question 1 options: vice president of sales sales rep sales assistant sales manager
Vice president of sales is most likely to be treated with deference, such as always getting the best seat in the conference room during meetings.
Deference, or speaking with respect and concern for those who are older or, in some other way, hold a position of authority over you, is referred to as this.
Depending on how closely connected the parties are, the respect may be formal or informal. Formal language and terminology are employed with formal deference. In casual deference, less formal language is always employed, but with respect.
When I need to address someone who is in a higher social or professional position than me, such as professors, medical lawyers, or my boss, among others, I use formal deference. I also show this kind of respect to senior folks who I don't intimidate by always addressing them as Mr. and Mrs.
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imagine that you have been hired by a famous advertising agency. your first assignment is to design a campaign for a new brand of designer water. in reality, however, the designer water is no different from the regular city water. in this case, you are best off using the route, because .
You work for an advertising agency. You have been assigned to come up with an advertising campaign for a new brand of designer water. In this case, you are best off using the peripheral route, because you don't have strong arguments for why your product is superior.
What's the part of an advertising agency?Advertising Agency is just like a knitter. It creates the advertisements, plans how, when and where it should be delivered and hands it over to the customer. Advertising agencies are substantially not dependent on any associations. These agencies take all the sweats for dealing the product of the guests.
What's significance of advertisement?Advertising is a type of paid creation that brings attention to your crucial communication, and it's the pivotal coming step for making your digital marketing strategies work. It increases your brand exposure so you can snappily achieve your business pretensions, from erecting your client base to growing your deals volume.
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the effort by business managers to balance marginal increases in revenues against marginal increases in costs, which automatically results in maximum profits for the firm within market and resource constraints is known as
The effort by business managers to balance marginal increases in revenues against marginal increases in costs, which automatically results in maximum profits for the firm within market and resource constraints is known as Economic Equilibrium.
Business managers are responsible for the overall operation of a company or organization. They develop and implement strategies and policies to ensure the long-term success of the business.
The role of business manager is a demanding one, but it can be extremely rewarding. Those who are successful in this role are usually highly motivated and have a strong desire to see their company succeed.
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an advertising agency is testing the effectiveness of a new commercial. they are trying out the commercial in three different time lengths (15, 30, and 60 seconds) and two formats (animated vs. live action). each test audience will rate the product after seeing the commercial shown in one way. which description of this study is correct?
Since there are several hundred volunteers, each of the 6 treatment groups will be tested on more than 1 volunteer and make the inference to be more precise or consistent.
a. The best description of this design:
ii. 2 factors(length and format), one having three-level and the other having 2 levels for a total of 6 treatment groups.
b. The principle that is explained here is replication:
This is to ensure that the parameter estimates are consistent and have more precision.
Replication is the act of reproducing or copying something there were three fashions for a way organisms might mirror their DNA: semi-conservative, conservative, and dispersive. or is it a duplicate of something? when a test is repeated and the outcomes from the original are reproduced, that is an example of a replication of the authentic study. a duplicate of a Monet portrait is an example of a replication.
DNA replication is the procedure through which a double-stranded DNA molecule is copied to provide the same DNA molecules. Replication is a critical method due to the fact, on every occasion a mobile divides, the 2 new daughter cells need to incorporate the same genetic statistics, or DNA, as the figure cellular.
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carole and richard go to ikea knowing what they need and where the products are located in the large warehouse section of the store. on a previous day, they had walked through the showroom where they were forced to follow the path dictated by the store. instead, today they bypass the showroom upstairs. they go directly to the warehouse and use an automated kiosk to quickly locate the goods they want to purchase. their goal is to get in and get out of the store as quickly as possible so they can move on to other errands across town. which mcdonaldization component is best illustrated by this example of carole and richard's goal for today?
The mcdonaldization component which is best illustrated by this example of Carole and Richard's goal for today is efficiency.
George Ritzer is a renowned professor at the University of Maryland, an American sociologist, author, and editor. Ritzer, who was born in New York City in 1940, went to both the University of Michigan in Ann Arbor and City College of New York. He received his doctorate from Cornell University. Additionally, he has won numerous academic honors.
The McDonaldization of Society, Ritzer's best-known piece, was released in 1993. The book has been reissued in various editions and is still extensively read. The book explains a more significant transformation occurring both in American society and throughout the world using the framework of the McDonald's franchise. According to George Ritzer, McDonaldization is comprised of four main components: efficiency, calculability, predictability, and control.
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a person's salary is reduced by 6% one year due to necessary budget cuts. the next year (after business has improved) the person is given a 6% raise. is the employee's income back to where it was originally? explain your reasoning. if one's salary is $30,000 and decreased by 6% the salary would be $
The salary would be $28200 when it is decreased by 6%
A salary increment is a percentage-based increase in an employee's yearly wage. Employers use salary increments to more fairly and easily give annual raises, while individuals use this percentage as a reference point when negotiating pay increases. A salary increment system aids in improving the consistency, standardization, and scalability of the compensation process for businesses.
Original salary = $30000
Salary after reduction by 6% = 30000 - 6% of 30000
= 30000 - 1800
= 28200
Salar after raise is given = $29892
No, the employee's salary is not back to the original. It is less than the actual salary by $102
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dover company owns 90% of the capital stock of a foreign subsidiary located in italy. dover's accountant has just translated the accounts of the foreign subsidiary and determined that a debit translation adjustment of $80,000 exists. if dover uses the fully adjusted equity method for its investment, what entry should dover record in order to recognize the translation adjustment?
The entry will be 72,000.
The fully adjusted equity technique is used to account for investment stakes held by businesses that have minority ownership interests in other businesses.
Other comprehensive Income - Translation adjustment - 72,000
Investment in Italian Subsidiary- 72,000
When enterprises hold a sizable minority stake in another business and have a considerable impact on its strategy and operations, the complete equity method is the accepted accounting practice. This influence typically corresponds to a minimum 20 percent and a maximum 50 percent ownership interest. Majority ownership requires more than 50% of the shares.
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which collaboration strategy involves allowing team members to air their grievances before deciding on a way to move forward with a plan or project?
The collaboration strategy involves allowing team members to air their grievances before deciding on a way to move forward with a plan or project is disagree and commit.
What is a collaboration strategy?A collaboration strategy is how businesses approach teamwork within their company. A collaboration strategy means the manners in which an organization campaigns or requires workers working together to achieve goals and complete activities or projects.
Therefore, the collaboration strategy involved in permitting team members to air their grievances before and decision is disagree and commit.
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government subsidies to corporations, including direct payments and tax breaks, such as profitable oil and gas industries receiving large federal subsidies is a policy known as .
These subsidies is a policy known as corporate welfare. When firms fail to pay their employees a living wage, this is an even more egregious example of corporate assistance.
As a result, these employees are frequently subsidies forced to rely on programs such as Medicaid, public housing, food stamps, and other safety nets. More specifically, while the federal government spends over 170 billion dollars on various forms of corporate welfare, it only spends 11 billion dollars on Aid to Dependent Children. A government subsidy is a cash payment or tax break given to a company or individual to help alleviate a burden or boost the economy of a struggling industry or corporation.
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a general fund receives an invoice from the electric utility fund (an enterprise fund) for electricity provided by the electric utility fund. when it receives the invoice, what account should be debited in the general fund
When it receives the invoice, Expenditures—utility services account should be debited in the General Fund.
An invoice is a document that shows the general fund and cost of goods or services provided by a business. It is typically used by businesses account to request payment from customers. An invoice may be created using software, such as Microsoft Excel, or it may be handwritten.
The customer is typically expected to pay the invoice within a certain period of time, typically 30 days.
Hence, the correct option is (c)
The question is incomplete, the complete question is:
A General Fund receives an invoice from the Electric Utility Fund (an Enterprise Fund) for electricity provided by the Utility Fund. When it receives the invoice, what account should be debited in the General Fund?
a. Due from Electric Utility Fund
b. Transfer in from Electric Utility Fund
c. Expenditures—utility services
d. Due to Electric Utility Fund
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what is the future value of $3,100 in 18 years at an apr of 8.4 percent compounded semiannually? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
The future value of $3100 in 18 years at an interest rate of 8.4% compounded semiannually is $13633.24.
Here, if I take 1.04236, it equals 4.40.
If 1.04236 = 4.39782 is taken, then A = $3100 multiplied by 4.39782 equals $1633.24.
The sum that the lender demands from the borrower in addition to the principal amount is known as the interest rate.
An interest rate informs you of how much borrowing will cost you and how much saving will pay off. Compounding is the process of repeatedly adding earnings to the principal invested in order to cause a sum of money to grow exponentially over time. When interest is calculated, it Compound is done so on the initial principal as well as all of the accumulated interest from prior periods.
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Im
What is the formula for determining run rate?
Current revenue for one month x 12
Current revenue for one month / 12
Current revenue for one month - 12
Current revenue for one month + 12
To calculate run rate, take your current revenue over a certain time period—let's say it's one month. Multiply that by 12 (to get a year's worth of revenue). If you made $15,000 in revenue for each month, your annual run rate would be $15,000 x 12, or $180,000.
laura went to walmart to check the quality, sizing, and price of some branded clothes. but she found the same items at a cheaper price online and bought them online instead of getting them at walmart. what is this practice called?
She found the same items at a cheaper price online and bought them online instead of getting them at Walmart. This practice is called Showrooming.
Showrooming is the exercise of inspecting products in a conventional brick-and-mortar retail shop or other offline putting and then buying it online, from time to time at a lower rate. Online shops often provide lower costs than their brick-and-mortar opposite numbers due to the fact they do now not have the same overhead cost.[1] The opposite phenomenon of showrooming is webrooming. In webrooming clients studies a product online earlier than buying it in a shop. A 2012 comScore study found 35% of U.S. Clients mentioned showrooming and of these, half had been between 25 and 34 years vintage.
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Question 7, 2008 WAEC. Kofi is a dealer in general merchandise. The following are his transactions for the month of June, 2002. June 1: Sold goods to Mensah Le 20,000 less 10% trade discount. June 4: Purchases from Kwesi the following: 200 iron rods at Le20 each 100 fillers at Le30 each June 6: June 7: June 9: Invoice subject to 10% trade discount. Purchased from Asante Ltd., 10 bottles of gin at Le 30 each. Returned 60 iron rods purchased on 4th June, to kwesi. Sold the following to Kojo: 300 bags of cement at Le15 each, Less 15% trade discount, 150 tins of target at Le10 per tin. June 18: Kojo returned 10 bags of cement bought on the 9th of June. June 20: Sold to Jones 80 iron rods at Le50 each 110 bags of cement at Le16 each 250 fillers at Le35 each Invoice subject to 50% trade discount June 21: Jones was allowed 50% reduction on the total invoice price for goods damaged in transit. June 30: Purchased from Femi: 100 bags of cement at Le 15 each 50 gallon of oil paint at Le20 each 300 metal sheets at Le18 each You are required to write up the following: (a) sales day book (b) sales returns book (d)purchases returns book purchases day book.
Answer: Table uploaded in the Explanation Section
Explanation:
KOFFI SALES DAY BOOK
DATE QTY DESCRIPTION UNIT PRICE (N) AMOUNT (N) TOTAL (N)
1-Jun Mensah
Goods 20, 000
Less 10% Trade Discount (2, 000) 18, 000
9-Jun Kojo
300 Bags of Cement 15 4, 500
Less 15% Trade Discount -675 3, 825
150 Tins of Target 10 1, 500
5, 325
20-Jun Jones
80 Iron rods 50 4, 000
110 Bags of Cement 16 1, 760
250 Fillers 35 8, 750
14, 510
Less 15% Trade Discount (2, 177) 12, 333
35, 658
KOFFI PURCHASES DAY BOOK
DATE QTY DESCRIPTION UNIT PRICE (N) AMOUNT (N) TOTAL (N)
4-Jun Kwesi
200 Iron rods 20 4, 000
100 Fillers 30 3, 000
Less 10% Trade Discount -700 6, 300
6-Jun Asante Ltd
Bottles of Gin 30 300
30-Jun Femi
100 Bags of Cement 15 1, 500
50 Gallons of Oil Paint 20 1, 000
300 Metal Sheets 18 5, 400 7, 900
14, 500
SALES RETURNS BOOK
DATE QTY DESCRIPTION UNIT PRICE (N) AMOUNT (N)
18-Jun Kojo
10 Bags of Cement 15 150
2,250
PURCHASES RETURNS BOOK
DATE QTY DESCRIPTION UNIT PRICE (N) AMOUNT (N)
7-Jun Kwesi
60 Irons rod 20 1, 200
1, 200
discuss an example of a business function that could be implemented on each platform, and explain why that platform would be preferred over the other platform.
Information technology is used by businesses to create and distribute the necessary information. A business information system refers to the integrated processes as a whole.
When a company would use web-based information systems or mobile computing in their operations-
These technologies are utilised by the businesses to further their corporate goals. Because they provide information systems with all the software and business process requirements, these technologies are the cause.
When a company wants to let customers incorporate UPS features
These features include cost estimates and tracking into one's own website, which is an information systems approach to fostering client intimacy.
When a company wants to increase productivity and use mass customisation
These methods help achieve corporate objectives by preserving constant profitability and an industry lead.
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the ratio of value-added manufacturing time to the total of both value and non-value-added manufacturing times is known as
The ratio of value-added manufacturing time to the total of both value and non-value-added manufacturing times is known as cycle efficiency.
Value-Added Time—The amount of time spent on tasks that add value to a process or that customers are willing to pay for. Time spent performing tasks in a process that the client is not prepared to pay for is referred to as non-value added time. Time spent that enhances the results of a manufacturing is referred to as value added time. Usually, this is only the processing time necessary for production. The time spent enhancing the value of a good or service is known as the value added ratio (VAR).
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traditional costing systems often commit the cardinal sin of overproduction in a lean production company if managers are:
The traditional costing systems often commit the cardinal sin of overproduction in a lean production company if managers are .
Ordering of excess inventory, to achieve quantity discounts and favorable prices
Refuse to halt production to determine the cause of a quality problem, in order to avoid having idle employees and equipment
Try to obtain lower fixed costs per unit under absorption.
Costing system:
Basically, the various accounting systems are used that depend on the company's usage under cost accounting and some of these accounting systems are process costing, activity-based costing, traditional costing, and job order costing.
Given,
Here we need to find the traditional costing systems often commit the cardinal sin of overproduction in a lean production company if managers.
For the predetermined overhead rate allocation bases are direct labor hours or machine, the following options are correct.
They are,
The Ordering of excess inventory in order to achieve quantity discounts and favorable pricesRefuse to halt production to determine the cause of a quality problem, in order to avoid having idle employees and idling time of equipment Try to obtain lower fixed costs per unit under absorption of the time.To know more about Costing system here.
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