If a company fully allocates all of its overhead costs to jobs, does this guarantee that a
Question:
If a company fully allocates all of its overhead costs to jobs, does this guarantee that a profit will be earned for the period?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
Assigning manufacturing overhead costs to jobs does not ensure a profit ...View the full answer
Answered By
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
4.30+
2+ Reviews
10+ Question Solved
Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Question Posted:
Students also viewed these Managerial Accounting questions
-
If all observations are within control limits, does that guarantee that the process is random? Explain
-
A company allocates overhead at a rate of 150% of direct labor cost. Actual overhead cost for the current period is $475,000, and direct labor cost is $300,000. Prepare the entry to close over- or...
-
A company allocates overhead at a rate of 140% of direct labor cost. Actual overhead cost for the current period is $745,000, and direct labor cost is $500,000. Prepare the entry to close over- or...
-
The AFL-CIO has undertaken a study of the yearly salaries (in thousands of dollars) of 30 administrative assistants. The organization wants to predict salaries from several other variables. The...
-
A researcher reports the following frequency distribution for the time (in minutes) that college students spent on social networking websites during class time. Identify three errors in this simple...
-
Suppose that the nine-month LIBOR interest rate is 8% per annum and the six-month LIBOR interest rate is 7.5% per annum (both with actual/365 and continuous compounding). Estimate the three-month...
-
Browne \& Company has no-par value common stock outstanding that is selling at \(\$ 40\) per share. The company's CEO believes that the stock price is undervalued and decides to buy back 10,000...
-
During 2020, your clients, Mr. and Mrs. Howell, owned the following investment assets: Investment Assets Date Acquired Purchase Price Brokers Commission Paid at Time of Purchase 300 shares of IBM...
-
which one is the anser ?Whenever an offeror is required to submit certified cost or pricing data, the offero's proposal must: 1. None of the selection. 2. Identify the latest certified cost or...
-
Cane Company manufactures two products called Alpha and Beta that sell for $120 and $80, respectively. Each product uses only one type of raw material that costs $6 per pound. The company has the...
-
What factors should be considered in selecting a base to be used in computing the predetermined overhead rate?
-
What account is credited when overhead cost is applied to work in process? Would you expect the amount applied for a period to equal the actual overhead costs of the period? Why or why not?
-
Give a procedure for converting from the octal expansion of an integer to its hexadecimal expansion using binary notation as an intermediate step?
-
Find the equation of the line given the following conditions. 4. Slope = 2, passing through (3,5) 5. Slope, passing through (6,-2)
-
Crane Water Co. is a leading producer of greenhouse irrigation systems. Currently, the company manufactures the timer unit used in each of its systems. Based on an annual production of 51,500 timers,...
-
Multiproduct CVP Analysis (LO 3-4) Georgeland Cycles makes and sells two models of electric bicycles. The Commuter (a folding model) sells for $2,501.00 and the Tour-X (a fat-tire trail model) sells...
-
What have you learnt from the below article and summarize it? https://hbr.org/2019/02/why-great-innovation-needs-great-marketing
-
To evaluate the risk associated with a procedure, the following numbers are estimated: the severity of the problem is 10, the occurrence is 5 and the difficulty associated with detection is 9. The...
-
What types of economic exchange would you expect to find in hunter-gatherer societies? Are the individuals in foraging societies more altruistic, magnanimous, and generous, or are they no more nobler...
-
Find the equation of the plane passing through the points P 5,4,3 ,Q 4,3,1 and R 1,5,4
-
Before commencing to read this chapter, what do YOU understand by the nature of the peopleorganisation relationship?
-
A successful owner of a small business stated: We have the best technology, the best products, and the best people in the world. We have no constraints. Do you agree?
-
What information is needed to measure the absolute profitability of a segment?
-
What information is needed to measure the relative profitability of a product?
-
A family bought a car for 40,000. They made a down payment of 8,000. They take out a 5-year auto loan for $32,000 at an annual interest rate of 4%. Find the total payment when the loan is amortized...
-
Henry and Jane, MFJ taxpayer (taxable income is $305,000 before considering any of the items below), sold the following assets during the year: Asset Sale Price Tax Basis Gain or Loss Holding Period...
-
an investor buys a 7% semi-annual payment bond with three years to maturity. the bond has a yield to maturity to 8.5% and is currently priced at 96.100 per 100 of par. calculate the bonds macaulay...
Study smarter with the SolutionInn App