Halen company estimates its bad debt expense to be 1.5% of net sales. determine its bad debt expense for 2014.

Poseidon Marine Stores Company manufactures special metallic materials and decorative fittings for luxury yachts that require hi

DENIUS [597]

Answer:

The company paid a lower cost per hour for labor than allowed by the standards.

Explanation:

The labour cost variance is the difference between the standard labour cost allowed for the actual hours worked and the actual labor cost for the same hours

The labour cost variance compares the actual cost and the standard cost for the actual labour hours paid for.

Hence , Poseidon Marine Stores Company would have paid a sum for labour cost which is lower than the standard cost.

The company paid a lower cost per hour for labor than allowed by the standards.

3 0

4 years ago

Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: Inventories March 1 March 31 Material

Alisiya [41]

Answer:

Cost of goods manufactured statement for March

Direct labor $3,500,000

Materials $2,683,100

Indirect labor $320,000

Machinery depreciation $210,000

Heat, light, and power $175,000

Supplies $34,900

Property taxes $30,000

Miscellaneous costs $45,700

Add Opening Work in process Inventory $435,900

Less Closing Work in process Inventory ($510,400)

Cost of goods manufactured $6,924,200

Explanation:

Prepare a Raw Materials T - Account to determine the cost transferred to Manufacturing Account for Raw Materials.

Raw Materials T - Account

Debits :

Opening Balance $210,000

Purchases $2,666,200

Totals $2,876,200

Credits :

Closing Balance $193,100

Materials transferred to Production $2,683,100

Totals $2,876,200

6 0

3 years ago

Sensitive data on a gfe mobile device does not need to be encrypted.

ser-zykov [4K]

ANSWER – TRUE

Sensitive data on a Government Furnished Equipment (GFE) mobile device does not need to be encrypted. This is because all Government Furnished Equipment (GFE) has encrypted hard drive and all data are automatically encrypted; even after an authorized personnel logs in (locally or remotely), the data remains encrypted.

4 0

3 years ago

Under the expectations hypothesis, if the yield curve is upward-sloping, the market must expect an increase in short-term intere

jeyben [28]

Answer:

True

Explanation:

When we apply the expectations theory, we assume that there is no risk premium associated to the securities (this theory applies to government securities). If the yield curve is upward sloping (positive slope), it means that the short term yields are expected to increase. The time value of money applies to all securities, including government securities, i.e. $1 today is worth more than $1 tomorrow.

3 0

3 years ago

If the company collecting this information used data mining techniques to uncover trends in the data, which of the following is

zloy xaker [14]

Answer:

D) When the percentage of trees illegally logged goes up, the price of hardwood decreases the following quarter.

Explanation:

A sequence pattern mining refers to finding patterns or features in time sequence. For instance, if the percentage of illegal logging increases in a month, the following month will witness a fall in price of hardwood.

6 0

3 years ago