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3 years ago

What position is typically responsible for general financial accounting, managerial accounting, and tax reporting?

1 answer:

8 0

The position that is generally responsible for the general accounting, managerial accounting and tax reporting is the controller, the answer is A. A controller is responsible for all the accounting operations of a company, this includes periodic financial reports, maintenance of accounting records and a comprehensive set of budgets and controls that mitigate company risks.

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Rock industries allocates manufacturing overhead at a predetermined rate of 160% of direct labor cost. Any overallocated or unde

nadya68 [22]

Answer:

Cost of goods manufactured for November.

Manufacturing Schedule Cost

Beginning Inventory (Job 205) $11,800

Direct materials $26,000

Direct labor costs $21,000

Applied Overheads ($21,000 x 160%) $33,600

Less Ending Inventory (Job 104) ($6,900)

Cost of Goods Manufactured $85,500

Journal entries to record the current month activity.

Debit : Work In Process $80,600

Credit : Direct materials $26,000

Credit : Direct labor costs $21,000

Credit : Applied Overheads ($21,000 x 160%) $33,600

Calculation of amount of over allocated or under allocated manufacturing overhead

Actual Manufacturing Overheads = $32,000

Applied Manufacturing Overheads = $33,600

Therefore, Overheads Over-applied = $1,600

4 0

2 years ago

_______ is best described as the difference between the value a consumer attaches to a good or service and what he or she paid f

zysi [14]

Consumer Surplus

This is the difference between what consumers are willing and able to pay and what they actually do pay. You may be willing to spend up to $100 on a new pair of shoes but if you find the perfect pair on sale for $20 you will buy those and there will be an $80 surplus.

5 0

3 years ago

Cozy Country Market entered the candle business with a unique product: a line of candles made from soy that produce less smoke a

sergeinik [125]

Answer:

The correct answer is "indirect attack or bypass attack"

Explanation:

Bypass Attack or indirect attack is when the market challenger doesn´t attack directly a company leader, but increases its market share by attacking the vulnerable market.

Expanding into the untapped markets and innovating the actual product with technology.

8 0

2 years ago

What problems can result for an organization and its customers when the organization acts in an ethically questionable manner?

Marrrta [24]

Sales manager and buyer the organization acts in an ethically questionable manner

7 0

3 years ago

Your family's house needs a new roof. in order to find out which roofers are reliable and charge fair prices, your family should

Alchen [17]

Your family should call your local Better Business Bureau. Hope this helps.

3 0

3 years ago

What position is typically responsible for general financial​ accounting, managerial​ accounting, and tax​ reporting?

What position is typically responsible for general financial accounting, managerial accounting, and tax reporting?