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lukranit [14]
2 years ago
4

Since there are few rules to restrict how an organization chooses to arrange its own internal data for decision making, manageri

al accounting provides ample opportunity for creativity and change.a) trueb) false
Business
1 answer:
EastWind [94]2 years ago
6 0

Answer:

True

Explanation:

Managerial account involves the use of accounting information by managers to make informed business decisions. It is more flexible and does not follow strict guidelines like it is in financial accounting. Results are for internal business use.

Manegerial Accounting is user-oriented, meaning methods used depend on the situation and preferences of the manager. So there is room for creativity and change in management accounting.

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Red Raider Company uses a plantwide overhead rate with machine hours as the allocation base. Next year, 400,000 units are expect
snow_tiger [21]

Answer:

$166.8

Explanation:

Given that,

Units expected to produced = 400,000 units

Machine hours required = 1.2 each

Manufacturing overhead costs:

= Department 1 + Department 2

= $2,530,000 + $2,752,000

= $5,282,000

Total Machine hours:

= Department 1 + Department 2

= 30,000 MH + 8,000 MH

= 38,000 MH

Overhead cost per machine hour:

= Manufacturing overhead costs ÷ Total Machine hours

= $5,282,000 ÷ 38,000 MH

= $139 per MH

Overhead cost per unit:

= Overhead cost per machine hour × Machine hours required for each

= $139 per MH × 1.2

= $166.8

8 0
2 years ago
Plessings Company leased a piece of machinery to Banana, Inc. on January 1, 2019. The lease is correctly classified as a sales−t
Stells [14]

Answer:

7.49%

Explanation:

n = Number of payment periods = 3

P = Total lease payment = Annual lease payment * Number of period = $20,700 * 3 = $62,100

FV = fair value of the machine = $50,000

Implicit rate = [($62,100 / $50,000)^(1 / 3)] - 1 = 0.0749, or 7.49%

3 0
2 years ago
The following data represent the probability distribution of the holding period returns for an investment in Lazy Rapids Kayaks
Brut [27]

Answer:

<u></u>

  • <u>17.5%</u>

Explanation:

The <em>expected return</em> is the weighted average of the expected returns in each scenario by its respective probability.

The <em>distribution of the holding period returns </em>(HPR) under three different scenarios is:

State of the economy    Scenario #(s)     Probability, p(s)    HPR

HPR Boom                         1                            0.336              28.40%

Normal growth                  2                           0.414                7.90%

Recession                          3                           0.25                18.90%

The calculations are:

        E(HPR) = 0.336\times 28.40\%+0.414\times 7.90\%+0.25\times 18.90\%

        E(HPR)=17.5\%

6 0
2 years ago
Calvin and Hobbes run a company that sells wallet chains and wallet decals. Calvin is faster at making decals than chains, and H
Yakvenalex [24]

Answer:

Company output will be maximized if Calvin makes all the decals and Hobbes makes all the chains.

-Calvin has a comparative advantage for making decals.

-Hobbes has a higher opportunity cost for making decals than Calvin.

Explanation: Each partner should focus on the task where he has a comparative advantage.

In the situation of Calvins: if someone has a comparative advantage in producing something, that means he also has a lower opportunity cost in practicing that object.

In the situation of Hobbes: if he has a higher opportunity cost for making decals, then Calvin has a lower opportunity cost for making decals.

6 0
2 years ago
Read 2 more answers
Sammy created a new logo for his client to use on the company website and office stationery. However, the logo became a blur whe
pychu [463]

Answer:

Sammy needs to use a program and design the ad using density independent pixels.

Explanation:

Based on the scenario being described within the question it can be said that in the future Sammy needs to use a program and design the ad using density independent pixels. This will allow the design to correctly scale up and down by adding the correct ration or pixels needed so that the image is always as clear as originally intended. This will prevent such scenarios as this one.

7 0
2 years ago
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