Disadvantages of using standard costs and variances include all of the following except A. traditional standards...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Disadvantages of using standard costs and variances include all of the following except A. traditional standards can promote unfavorable employee behavior. B. companies that pay employees a salary because direct labor is a fixed cost rather than a variable cost. C. those manufacturing costs that enter Work in Process Inventory are recorded at standard cost, rather than actual cost. D. the excessive cost to keep standards up-to-date. ☀ Disadvantages of using standard costs and variances include all of the following except A. traditional standards can promote unfavorable employee behavior. B. companies that pay employees a salary because direct labor is a fixed cost rather than a variable cost. C. those manufacturing costs that enter Work in Process Inventory are recorded at standard cost, rather than actual cost. D. the excessive cost to keep standards up-to-date. ☀
Expert Answer:
Answer rating: 100% (QA)
Answer B Companies that pay employees a salary because direct la... View the full answer
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
Posted Date:
Students also viewed these accounting questions
-
In Java, methods must include all of the following except _____________. a. A call to another method b. A declaration c. Curly braces d. A body
-
A bureaucracy is characterized by all of the following EXCEPT ________. A) highly routine operating tasks B) formalized rules and regulations C) tasks that are grouped into functional departments D)...
-
Fixed overhead cost includes all of the following except : A. Electricity to heat and light the factory. B. Depreciation on machinery computed based on the units of production basis. C. The plant...
-
Suppose you buy Bond A at time=0. It is a 2-year, risk-free bond with coupon rate of 7% that compounds annually, and it has a face value of $1,000. (3 points) a) At time = 0, suppose you buy Bond A...
-
Financial information for Buckle is presented in Appendix B at the end of the book. Required: 1. What does the Report of Independent Registered Public Accounting Firm indicate about Buckles internal...
-
In the late 1990s, car leasing was very popular in the United States. A customer would lease a car from the manufacturer for a set term, usually two years, and then have the option of keeping the...
-
If you were trying to examine this issue, how would you proceed? Any suggestions for me to take next steps? same. Is that what happened? You normally wouldnt borrow money from the company, would you?
-
Christie Levine is the manager of the Instant Paper Clip Office Supply Company in Louisville. The company attempts to gain an advantage over its competitors by providing quality customer service,...
-
Give an Example NoSQL and describes is history and evolution in relation to databases?
-
Knockoffs Unlimited, a nationwide distributor of low-cost imitation designer necklaces, has an exclusive franchise on the distribution of the necklaces, and sales have grown so rapidly over the past...
-
Islamic accounting undergraduate student Investors deposit OMR 1000,000 with Islamic Bank under a Mudaraba contract for a period of 12 months and a profit allocation set out in the agreement as 80%...
-
In this unit, we have learned about the fundamental concepts of combinatorics, which is the branch of mathematics that deals with counting and arranging objects. Combinatorics is a crucial field of...
-
Pomelo Corporation granted a 4 year share compensation plan to its 300 key employees on December 31, 2017. Under the Black Scholes model the fair value of the compensation plan is P1,300,000. What is...
-
What Accounting Principle dictates that we use amortization to "spread" the discount amount to interest expense over time, and not just recognize it as interest expense initially (debiting interest...
-
solve sin(x) + 3 cos(x) 10) f(x) = sin(x) + 2 cos(x) sin(x) + 3 cos(x) 11) f(x) = sin(x) cos(x) + sin(x)
-
A kite is 30 feet horizontally and 40 feet vertically from an observer and is moving horizontally at 10 ft/sec (away from the observer) and decreasing in altitude at the rate of 6 ft/sec. At what...
-
For the following distribution, what is the probability, P(X < 6)? Express the answer as a decimal number (for example, 0.45, not 45%). X P(X = x) 3 0.15 4 0.20 5 0.20 6 0.25 7 0.10 8 0.10
-
Write a paper about the Working relationship in the organization- collaboration within and outside the organization
-
The Cook County Authority is considering the purchase of a small plane to transport government officials. It is hoped that the plane will save money on travel costs for government employees. Assume...
-
Shown below are selected data from a recent annual report of Kimberly-Clark Corporation, a large consumer products provider. (Dollar amounts are in millions.) a. Compute for the year Kimberly-Clarks...
-
The following list of balance sheet items are in random order for Wilson Farms, Inc., at September 30, 2011: Instructions a. Prepare a balance sheet by using these items and computing the amount for...
-
In the section of his 2007 letter to the shareholders of Berkshire Hathaway titled Fanciful FiguresHow Public Companies Juice Earnings, Warren Buffett referred to the investment return assumption...
-
Based on 2012 revenues, the six largest providers of oilfield services are: 1. Schlumberger Ltd. (NYSE: SLB) Revenues: $42.1 billion Net income: $5.5 billion 2. Halliburton (NYSE: HAL) Revenues:...
-
On 21 September 2000, Intel Corporation (NASDAQ -GS: INTC)3 issued a press release containing information about its expected revenue growth for the third quarter of 2000. The announced growth fell...
Study smarter with the SolutionInn App