Difference in managerial accounting-financial accounting

Assignment Help Financial Accounting
Reference no: EM131215932

What is the major difference between managerial accounting and financial accounting?

For a company that produces desktop computers, would memory chips be considered a direct or indirect materials cost of each computer produced?

How is product cost information used by managers?

Describe the source of the data for debiting Work in Process for (a) direct materials (b) direct labor (c) factory overhead.

Reference no: EM131215932

Questions Cloud

Learned the importance of adjusting entries : This week you learned the importance of adjusting entries. In this week's class discussion you will converse with your classmates on questions dealing with adjusting entries.
Minimum relevant cost per television in negotiating price : ABC Television makes and sells portable television sets. Each television regularly sells for $200. The following cost data per television are based on a full capacity of 12,000 televisions produced each period:  What should be the minimum relevant co..
What constitutes quality academic research : Academic research papers must meet university level standards of quality. What constitutes quality, academic research? Primary sources written by experts in the field of study. Secondary sources supported by research in primary sources.
Where is there a noise generator and a lowpass filter : Generate a speech-like signal for your experiments by low-pass filtering a noisy signal. Where is there a "noise generator" and a "lowpass filter" in the mouth and throat cavity?
Difference in managerial accounting-financial accounting : What is the major difference between managerial accounting and financial accounting? For a company that produces desktop computers, would memory chips be considered a direct or indirect materials cost of each computer produced? How is product cost in..
Original cost and the working capital would be released : Bill Anders retires in 5 years. He would have to purchase equipment costing $500,000 to equip the outlet and invest an additional $150,000 for inventories and other working capital needs. He estimates that the equipment could be sold at that time for..
How many tickets will be sold on each day next week : The AMC theatre in sunset plaza observes the daily tickets sales for the past four weeks. Please see the data in the excel sheet. The manager of the theatre has forecasted that next week's total ticket sale will be 2390. Based on this forecast and..
How can you deduce the features of the filter from this : You wish to measure the properties of a high-quality low-pass filter but you only have a normal oscilloscope to observe the Si-like pulse response. How can you deduce the features of the filter from this?

Reviews

Write a Review

 

Financial Accounting Questions & Answers

  About the operating data

Operating data for Navarro Corporation are presented below. 2015 2014 Net sales $750,000 $600,000 Cost of goods sold 465,000 390,000 Selling expenses 105,000 66,000 Administrative expenses 60,000 54,000 Income tax expense 36,000 27,000 Net income 84,..

  Purchase of treasury stock by the cost method

Prepare the journal entry to record the purchase of treasury stock by the cost method and 9000 shares of treasury stock are reissued at $33 per share

  Illustrate what is the working capital and current ratio

Illustrate what is the working capital, current ratio, quick ratio, accounts recivable & inventory turnover, number of day's sales in receivables & inventory, ratio of fixed assets to long term liabilities? Assume 365 days a year.

  Prepare the tax formula in a worksheet in column

Prepare the tax formula in a worksheet in column A. In column B next to each element of tax formula, show the lines on Form 1040 to which the tax formula line item links. Find a tax rate schedule for 2013. Input the values for the schedule into a MS ..

  What portion of the reduced tax rate benefits

If no special allocations are made, what portion of the reduced tax rate benefits of Sec. 11(b) can be claimed in the current year by the affiliated group? In future years?

  What are their business model drivers

Is the organization at financial risk and how do I determine their operating reserve, capital replacement reserve, and risk of capital?

  Discuss apple fairly presented this information

Explain how you would have advised Apple to adopt the new requirements, prospectively or retrospectively. Discuss whether or not Apple fairly presented this information in their financial statement and footnote disclosures, and state your rationale.

  Accounts payable so essential to ensuring positive cash flow

Why is careful management of accounts receivable and accounts payable so essential to ensuring positive cash flow?

  Compute shipping and warehousing cost per ton of llhc sold

Compute the shipping and warehousing cost per ton of LLHC sold by using the new method suggested by Jennifer and Kaylin.

  Fair value measurements based on real estate

Where are fair value measurements based on real estate appraisals and similar valuation techniques classified within the fair value hierarchy?

  How can financial institutions with stock portfolios use

Leverage of Options- How can financial institutions with stock portfolios use stock options when they expect stock prices to rise substantially but do not yet have sufficient funds to purchase more stock?

  Prepare a correct income statement for august 2012

Prepare a cost of goods manufactured schedule for August 2012 - prepare a correct income statement for August 2012.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd