Murphy beds, also known as wall beds, are a great solution for homes that have limited space. These beds are designed to be stored vertically against a wall, allowing you to free up valuable floor space during the day. When you need to use the bed, you simply pull it down and it transforms into a comfortable sleeping space. While many people think of Murphy beds as purely functional, they can actually be a stylish addition to your home decor. In this article, we’ll explore five ways you can incorporate a Murphy bed into your home decor.
Create a Multipurpose Room
One of the best ways to incorporate a Murphy bedinto your home decor is to create a multipurpose room. If you have a spare room that you only use occasionally, consider turning it into a guest bedroom and home office or hobby room. By adding a Murphy bed, you can easily switch between these two functions without taking up too much space.
For example, you could add a desk and some shelves to the room, along with a comfortable chair for working or crafting. Then, when guests come to stay, you can simply pull down the Murphy bed and they’ll have a comfortable place to sleep. This is a great solution for small apartments or homes where space is at a premium.
Incorporate a Murphy Bed into Your Living Room
Another way to incorporate a Murphy bed into your home decor is to add one to your living room. This is a great solution if you frequently have guests staying over, but don’t have a spare room to offer them. You can choose a Murphy bed that matches the style of your living room furniture, or you can opt for one that’s designed to look like a bookshelf or cabinet when it’s not in use.
When guests come to stay, you can simply pull down the Murphy bed and they’ll have a comfortable place to sleep. This is a great solution for small apartments or homes where space is at a premium. You can also add some decorative pillows and blankets to the bed to make it feel more welcoming and cozy.
Use a Murphy Bed in Your Kids’ Room
If you have kids who share a room, a Murphy bed can be a great way to free up some space and give them each their own bed. You can add a Murphy bed to the wall in between their two beds, or you can add one to the wall opposite their desks or dressers.
By incorporating a Murphy bed, you can give your kids more space to play and study, which can be especially important in smaller homes or apartments.
Add a Murphy Bed to Your Home Gym
If you have a home gym or workout room, you can use a Murphy bed to create a space where you can also rest and relax after your workout. You can add a Murphy bed to one wall of the room, along with a comfortable chair or couch, and a small table or bookshelf.
When you’re not using the room for exercise, you can simply pull down the Murphy bed and enjoy a comfortable nap or some downtime. This is a great solution if you have limited space in your home and want to create a multifunctional room.
Use a Murphy Bed in Your Vacation Home
Finally, if you have a vacation home that you only use occasionally, a Murphy bed can be a great way to make the most of the space you have. You can add a Murphy bed to a guest bedroom or to a living room or den, allowing you to accommodate more people without having to invest in extra beds or furniture.
When you’re not using the Murphy bed, you can simply fold it up and use the space for other purposes. This is a great solution if you have a small vacation home or cabin where space is at a premium, and you want to make the most of every square foot.
Absorption Costing MCQs with Answers Explanation Engineering ECE
What Is Absorption Costing?
Absorption costing, also known as the all-encompassing, all-inclusive, or comprehensive costing method, is a sophisticated and perplexing managerial accounting framework that attempts to incorporate all expenses that are linked to the production of a particular product. This method is highly intricate and involves a copious amount of calculations and analyses to arrive at the total cost of production.
Every minuscule expense, whether direct or indirect, such as raw materials, labor, rent, utilities, depreciation, maintenance, insurance, and every other associated cost, is taken into account to determine the total cost of the product. The complexity of this method is staggering, and it requires extensive knowledge of accounting principles, an understanding of manufacturing processes, and advanced analytical skills to execute.
However, despite its complexity, absorption costing is still widely used in the industry due to its comprehensive approach to providing an accurate picture of the cost of production. Moreover, under the generally accepted accounting principles (GAAP) in the United States, absorption costing is an approved method for external reporting. In contrast, variable costing is prohibited, adding to the confusion and perplexity surrounding this topic.
Which of the following costs would NOT be included in the cost of goods sold calculation under absorption costing?
a) Direct materials
b) Direct labor
c) Variable manufacturing overhead
d) Fixed manufacturing overhead
Answer: c) Variable manufacturing overhead
Explanation: Under absorption costing, both fixed and variable manufacturing overhead costs are included in the cost of goods sold calculation. Direct materials and direct labor costs are also included.
When production exceeds sales, absorption costing will result in:
a) Higher net income than variable costing
b) Lower net income than variable costing
c) The same net income as variable costing
d) None of the above
Answer: a) Higher net income than variable costing
Explanation: When production exceeds sales, there will be more fixed manufacturing overhead costs that are absorbed into the cost of goods sold calculation under absorption costing. This results in a higher net income compared to variable costing, which only includes variable manufacturing costs in the cost of goods sold calculation.
Which of the following statements is true about absorption costing?
a) It is used for external reporting purposes
b) It is used for internal decision-making purposes
c) It is the same as variable costing
d) None of the above
Answer: a) It is used for external reporting purposes
Explanation: Absorption costing is required for external financial reporting purposes, such as on the income statement and in financial statements. Variable costing, on the other hand, is often used for internal decision-making purposes.
In a period of increasing production and sales, absorption costing will result in:
a) Higher net income than variable costing
b) Lower net income than variable costing
c) The same net income as variable costing
d) None of the above
Answer: c) The same net income as variable costing
Explanation: When production and sales increase, absorption costing and variable costing will result in the same net income. This is because there will be fewer fixed manufacturing overhead costs per unit under absorption costing, but there will also be more units sold.
