Answer:
e. under-applied by $4,000
Explanation:
The overhead rate was calcualte considering labor cost:
144,000 / 240,000 = 0.60
Each dollar of labor cost applies 60 cent of overhead
applied overhead:
$220,000 labor cost x 0-60 each = 132,000 applied overhead
now we compare against the 136,000 actual overhead
as we didn't met the value and fell short, we have underapplied the overhead.
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You could say to the customer “sorry there is none available at the moment” and for them to come back and not be disappointed you can give them a discount voucher , therefore minimising the chance of that customer not returning.
It is a way of managing a companies relationship with current and future relationships. Keeping a good name with your customers treating them right, in most business the customer is always right even if they are wrong.
Answer:
1. Exclude
2. Add
3. Reconciled
Explanation:
QuickBooks Online supports Bank feeds features, which in turn allows a user to perform ADDITION or EXCLUSION of transactions online, which results in such transaction are marked RECONCILED.
Hence, one of the major benefits of using the Bank Feeds feature in QuickBooks Online is that as you EXCLUDE or ADD transactions in QuickBooks Online from the downloaded transactions from the bank, they are marked RECONCILED. This makes the end-of-period bank reconciliation more efficient.