Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1. Shaving 5% of the estimated direct labor hours in the predetermined overhead rate will result a high overhead rate, which would likely result a high credit balance of overapplied overhead for the year. When managers increased the amount of direct labor hours, there is a likely related increase of factory supervisors, the factory space to be maintained, and factory supplied and utilities consumed which results to more actual cost. Thus there is a high degree of correlation between the quantity of direct labor used and the amount of manufacture overhead used. However, with the technology of machines which leads to machine hours, direct labor being reduced and manufacturing overhead increasing, the correlation between direct labor and manufacturing overhead began to wane. Therefore we see a cumulative effect of overapplying overhead all recognized in December when Manufacture Overhead is closed out of the cost of good sold. If we constantly close the balance every month or every quarter, overtime the balance would get smaller and smaller over the course of the year.
2. The question if Cristin Madsen should go along with the general manager's request really depends who she is working for. She may work for the general manager of the division or the corporate controller who may not necessarily know the outcome of shaving 5% of the estimated direct labor. It also seems out of the ordinary to Cristin of eliminating a "Christmas bonus" be such a bad idea. However, it's not for Cristin to decide.
Q. What is Current liabilities? Current liabilities are debts due inside one year or one operating cycle whichever is longer. The payment of current liabilities usually require
Q. Explain about realization principle? Realization of revenue Under the realization principle the accountant doesn't recognize (record) revenue until the seller obtains the ri
what are the options of setting up companies chart of account
On June 1st, Green Pea, Inc. purchased $1,200 worth of supplies on account. How does this transaction affect Green Pea's accounts? a. Increase supplies and accounts payable by $
How vital does Accounts receivable for small business and why? Ans) Accounts Receivables help small businesses by giving short-term liquidity. Also continued sales on cre
Q. What is sales transaction? - In a sales transaction the seller transmits the legal ownership (title) of the goods to the buyer. - An invoice is a document prepared by the
Ryan's Express has total credit sales for the year of $178,000 and estimates that 3% of its credit sales will be uncollectible. Record the end-of-period adjusting entry on Decemb
1. Describe the following with detailed example: i. Wealth Maximization ii. Profit maximization 2. Describe the functions and limitations of accounting. 3. Prepare a deta
Purchased trucks and office equipment for cash Metro paid USD 20000 cash on behalf of two used delivery trucks and USD 1500 for office equipment. Office equipment and Trucks ar
Hi there, I was just wondering I''m not to sure how to describe my assignment, the subject is ACCOUNTING for university level... and it is 100 Level never don''t this paper in high
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd