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2 years ago

Identify the level of the literature hierarchy for u.s. gaap to which each item belongs

Business

1 answer:

kompoz [17]2 years ago

7 0

A. Industry Practice - 3

B. FASB Concept Statements - 3

C. Codification - 1

D. Textbooks - 3

E. Authoritative rules and principles for U.S. GAAP for similar transactions - 2

F. International Financial Reporting Standards (IFRS) - 3

G. SEC rules and interpretive releases - 1

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Given the following, calculate total manufacturing costs: Direct materials: $40,000; Direct labor: $100,000; Manufacturing overh

vfiekz [6]

Answer:

cost of goods manufactured= $278,000

Explanation:

Giving the following information:

Direct materials: $40,000

Direct labor: $100,000

Manufacturing overhead applied: $120,000

Beginning Work in process inventory: $30,000

Ending Work in process inventory: $12,000

<u>To calculate the total manufacturing costs, we need to use the following formula:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 30,000 + 40,000 + 100,000 + 120,000 - 12,000

cost of goods manufactured= $278,000

4 0

3 years ago

The company's wacc is 10. 5%. what is the irr of the better project? (hint: the better project may or may not be the one with th

Simora [160]

The better Project is Project S having a NPV of $17.968 and IRR of 12.10 %

IRR:

An approach to capital budgeting that is used to assess the profitability of a project is the discounted payback time. Internal rate of return is one of these capital planning strategies (IRR).
This rate of return corresponds to the point at which a project's net present value equals zero. Since it does not account for any outside forces, such as inflation, they call it internal.

The calculator's capabilities will be utilized to determine the IRR,

Project S

CF0 = (1,000)
CF1 = 882.62 & F01 = 1
CF2 = 250 & F02 = 1
CF3 = 15 & F03 = 1
CF4 = 5 & F04 = 1
I = 10.5%
[NPV] [CPT]
The NPV is $17.968
[IRR] [CPT]
The IRR will come as 12.10%
Project L
CF0 = (1,000)
CF1 = 0 & F01 = 1
CF2 = 260 & F02 = 1
CF3 = 420 & F03 = 1
CF4 = 732.87 & F04 = 1
I = 10.5%
[NPV] [CPT]
The NPV is $15.78
[IRR] [CPT]
The IRR will come as 11.03%
The better Project is Project S having a NPV of $17.968 and IRR of 12.10%

Learn more about IRR here brainly.com/question/7920964

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2 years ago

At one time, the US government collected taxes only through___ taxes and imports. The ____ Amendment to the Constitution allowed

maks197457 [2]

The answers are C and B

5 0

3 years ago

Read 2 more answers

Hurry!!#3

Vinvika [58]

Answer:

the industrial revolution ; )

Explanation:

Because in the passage it talks about industries and how the people were changing them,

i also did it on edge!!!

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3 years ago

1. What form of departmentalisation did the construction company responsible for building the taxi rank followed? Elaborate

Vikentia [17]

The form of departmentalisation that the construction company responsible for building the taxi rank followed was <u>product departmentalization</u><u>.</u>

Product departmentalization is peculiar to a bug company that deals with multi-products. Construction company may be responsible for taxis, trucks or buses. Construction company responsible for taxi rank in this case grouped all the activities related to the taxis in a specific department.

Product departmentalization becomes vital when producing, marketing, and handling of every product hold certain importance for the company. It requires the company to ensure specialized production facilities.

<h3>What is departmentalization?</h3>

Departmentalization is an establishment structure that divides people into groups, or departments, based on certain sets of criteria. These departments have their own leadership and work together to complete tasks.

Therefore, the correct answer is as given above

learn more about departmentalization: brainly.com/question/6229273

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7 0

1 year ago