Preparng a one-page memorandum

Assignment Help Accounting Basics
Reference no: EM13130100

Assume that you must make a presentation to the marketing staff explaining the difference between product and period costs. Your supervisor tells you the marketing staff would also like clarification regarding prime and conversion costs and an explanation of how these terms fit with product and period costs. You are told that many on the staff are unable to classify costs in their merchandising activities.

REQUIRED:

Prepare a one-page memorandum to your supervisor outlining your presentation to the marketing staff.

Reference no: EM13130100

Questions Cloud

What it was : I was adopted just a few weeks old and was raised in a very loving and nurturing family. I honestly, was very blessed with the family I "ended up with!" My sister was also adopted but from a different family.
How much gross income should marjorie report for 2010 : On January 1, 2010, Priscilla signed a FIVE year lease to rent office space from Marjorie. The lease commenced immediately on January 1, 2010. During 2010, Priscilla paid Marjorie $24,000 for the first year's rent, $2,000 for the last month's rent..
Word problem involving percentage : A production center is available for 8 hours a day in a factory. It is comprised of several rotary parts and the worker operating it, is required to lubricate these rotary parts regularly each day.
Probability that technical assistant like to have mac : If a technical assistant is randomly selected, what is the probability that she would like to have MAC, given that she would like to have a PC as well?
Preparng a one-page memorandum : Prepare a one-page memorandum to your supervisor outlining your presentation to the marketing staff.
Amount of net sales : For the fiscal year,sales were $5,280,000,sales discounts were $100,000, sales returns and allowances were $75,000 and the cost of the merchandise sold was $3,000,000. (A) what is the amount of net sales?
Read the following and then participate in the best interest : *The case study is a fictitious composite of real-life scenarios. Read the following and then participate in the Best Interests and Baby Moshe Discussion:
Find the probability that all five products are defective : The products are acceptable and that 30% are defective. If five of the products are randomly selected, find the probability that all five are defective?
What accounting standard provides the authoritative guidance : What accounting standard provides the authoritative guidance for asset impairments? Briefly discuss the scope of the standard (i.e., explain the types of transaction to which the standard applies).

Reviews

Write a Review

Accounting Basics Questions & Answers

  Changes in income and price of goods

Suppose a consumer has a daily income of $100 and purchases just two goods A and B.  The price of good A is $5 and the price of good B is $4.

  How does discrete presentation differ from blending

Many public universities are quite similar to their private counterparts. Indeed, some large state universities receive less than 25 percent of their resources from the state. How, then, can you account for the substantial differences in their rep..

  Variety of action games

Sergo Games produces a variety of action games which sold more than 800,000copies. In 2011, the production plant prepared 3,000,000 CDs and incurred the following cost:

  What is the amount of interest expense recorded

what is the amount of interest expense recorded by Pirate, Inc. in the first year of the asset's life?

  Amount of cash payments to stockholders

What was the amount of cash payments to stockholders during the year?

  Seller of the receivables

A company regularly sells its receivables to a factor who assesses a 2% service charge on the amount of receivables purchased. Which of the following statements is true for the seller of the receivables?

  Allocation of cost to different departments

Assume that the company follows the practice of allocating all maintenance department costs incurred each month to the divisions in proportion to the actual machine-hours recorded in each division for the month. On this basis, how much cost would ..

  Social trends in corporate taxation

Current social trends in corporate taxation have a tremendous impact on how corporations run their business activities. For instance, tax liabilities will affect where a corporation runs its activities-in the United States or in a foreign country-..

  Limitations of using financial statements to make decisions

How are the income statement and statement of cash flows used to make business decisions? What are the advantages and limitations of using them to make decisions affecting the future of a business?

  Information regarding ethics for managers

The Word for the study of Values in Philosophy is "Axiology," which has the same root as "Axiom" in mathematics. In Axiology, however, values are studied as to what motivates, inspires, of is responsible for human decision making.

  What will be the amount charged as an expenditure

A government accounts for a municipal landfill in an enterprise fund. How will it determine how much to charge as an expense (and add to a liability) each year that the landfill is in use? Suppose, instead, that it accounts for the landfill in a g..

  Problem related to amount deposition

Sondra deposits $2,000 in an IRA account on April 15, 2011. Assume the account will earn 3% annually. If she repeats this for the next nine years, how much will she have on deposit on April 14, 2021?

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