Question : 51) Which of the following statements NOT CORRECT? 51) ______ A) Absorption costing : 1196289

51)

Which of the following statements is NOT CORRECT?

51)

______ A)

Absorption costing allocates fixed manufacturing overhead to actual units produced during the period. B)

Absorption operating income does not exceed variable costing operating income if there is a net deferral of fixed manufacturing overhead. C)

Income under absorption costing income is higher than income under variable costing when production units exceed sales units. D)

Absorption costing may encourage managers to make decisions that are not in the best interests of the company. E)

Fixed manufacturing overhead in ending inventory is deferred to the future for absorption costing.

52)

Which of the following is TRUE concerning operating income calculated under variable costing as compared to absorption costing? 52)

______ A)

Operating income is higher under variable costing when production exceeds sales. B)

operating income is higher under variable costing when production exceeds sales if there is a production-volume variance. C)

The relationship between production and sales has no bearing on the differences in operating income between the two methods. D)

Operating income is lower under variable costing when production exceeds sales. E)

Operating income is lower under variable costing when sales exceeds production if there is a production-volume variance.

53)

Early criticism of ________ costing was concentrated on fixed manufacturing overhead as an ________. 53)

______ A)

absorption; fixed or variable cost in the long run B)

variable; period cost C)

absorption; period cost D)

absorption; asset E)

variable; asset

54)

Which of the following is TRUE concerning throughput costing? 54)

______ A)

Throughput contribution is the difference between revenues and variable direct labour. B)

Throughput contribution is the sum of revenues and direct costs. C)

Throughput contribution is the difference between revenues and (variable direct labour + variable direct materials). D)

Throughput contribution is the difference between revenues and direct costs. E)

Throughput contribution is the difference between revenues and variable direct materials costs.

55)

Which of the following is NOT TRUE concerning throughput costing? 55)

______ A)

It is also called super-variable costing. B)

It is not widely accepted as yet. C)

It treats all costs except those related to direct labour as period costs. D)

It provides less incentive to build-up inventories than does variable costing. E)

It provides less incentive to build-up inventories than does absorption costing.

56)

Survey evidence indicates that ________ costing is the most common method used in Canada, and that the most common problem with variable costing is ________. 56)

______ A)

absorption; the large amounts of inventory involved. B)

absorption; classifying costs as fixed or variable C)

variable; just-in-time inventory D)

absorption; just-in-time inventory. E)

variable; inventory

57)

“Super-variable costing” assumes that 57)

______ A)

all costs are variable in the long run. B)

all cost are fixed in the long run. C)

fixed costs are period costs in the long run. D)

only direct materials are variable in the short run. E)

all costs are variable in the short run.

58)

One of the biggest reasons variable costing is controversial INVOLVES 58)

______ A)

external financial statements. B)

corporate goals and mission statements. C)

internal management control reports. D)

foreign subsidiaries E)

internal management reports.

59)

Which of the following is not an alternative costing system? 59)

______ A)

variable-normal costing. B)

variable-actual costing C)

normal-absorption costing D)

absorption-variable costing. E)

throughput-standard costing

Use the information below to answer the following question(s).

Balloon Arrangements produces balloon bouquets. The following information has been provided by management:

Budgeted production:100,000 bouquets

Direct manufacturing costs:$2.50/bouquet

Fixed manufacturing overhead:$1.00/bouquet

Variable manufacturing overhead:$0.75/bouquet

Variable administrative costs:$1.25/bouquet

60)

What is the cost per bouquet if “super-absorption costing” is used? 60)

______ A)

$5.50 B)

$4.75 C)

$3.75 D)

$1.98 E)

$2.50

Continue to order Get a quote

July 1, 2023

Paula Plaintiff's Really Bad Week, Part 1

Introduction

In this assignment, you’ll need to decide whether Paula Plaintiff has any legal claims arising from a series of unfortunate events. After reading the scenario, answer the questions that follow, making sure to fully explain the basis of your decision.

Paula Plaintiff is shopping at her favorite store, Cash Mart. She is looking for a new laptop, but she can’t find one she likes. Then, realizing that she is going to be late for an appointment, she attempts to leave the store, walking very fast. However, before she can leave, she is stopped by a security guard who accuses her of shoplifting. Paula, who has taken nothing, denies any wrong doing. The officer insists and takes Paula to a small room in the back of the store. The guard tells Paula that if she attempts to leave the room she will be arrested and sent to jail. At this point, the guard leaves the room. Paula is scared and waits in the room for over an hour until the manager comes in and apologizes and tells Paula that she is free to go.

About this same time, Geoffrey Golfer is hitting golf balls in his backyard. Geoffrey decides to break out his new driver and hits a golf ball out of his backyard into the Cash Mart parking lot. The golf ball hits Paula Plaintiff on the head and knocks her unconscious just as she is leaving the store.

Instructions

In a 6–10 paragraph paper, answer the following questions:

· What types of legal claims could Paula make against Cash Mart and Geoffrey? Consider the following:

o What are the possible tort claims that Paula can make against Cash Mart? Discuss the elements of the claim and how those elements relate to the facts in the scenario.

o Was Geoffrey negligent when he hit the golf ball that injured Paula? Discuss the elements of negligence and use facts from the scenario to support your decision.

o If Paula files a negligence claim against Geoffrey will she file in civil court or criminal court? Explain the difference between civil court and criminal court.

You will create and submit your assignment by using the ecree link. Just click on the link and start writing. Your work will be saved automatically. You’ll see some feedback on the right-hand side of the screen, including text and videos to help guide you in the writing process. When you’re ready, you can turn in your assignment by clicking Submit at the bottom of the page.

Click the assignment link to start your assignment in ecree. Please note that ecree works best in Firefox and Chrome.

This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course.

In addition to your textbook, you have access to Nexus Uni through the Strayer University Library. Please take advantage of this excellent legal resource!

The specific course learning outcome associated with this assignment is:

· Determine if a plaintiff can make legal claims based on the events in a given scenario.