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3 years ago

Posting references on the journal should be

Business

1 answer:

nikitadnepr [17]3 years ago

6 0

Posting references on the journal should be <span>entered when posting to the ledger.

Hope this helps!!</span>

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GronLan Inc., a company with a majority of workers with high seniority, decides to hire 1,000 college graduates to meet the sudd

12345 [234]

Answer:

The correct answer is b. The average pay actually paid by the company will fall below its range midpoint.

Explanation:

The average salary is the average amount of money the worker receives in a given country or region over a period of time.

When we talk about the average salary, we are making an estimate of what a worker earns monetarily, on average. It usually refers to a specific country, although it is also possible to calculate it for any territory. For example a town, a city or a region.

In addition, the average salary refers to a certain period. The most common periods are annual or monthly. That is, the average annual salary or the average monthly salary.

Being an average, does not mean that all workers charge that. Thus, although it is a simple calculation we must know different details to interpret it correctly.

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3 years ago

Outline TWO benefits of using the FIFO system for Mcdonald’s

ehidna [41]

There are several benefits for McDonald's by using FIFO methods. Here we will discuss some of them: better food hygiene, which gives more customers satisfaction; easier to reduce products near their end-date—resulting in more sales and less waste;

FIFO is a measuring tool for inventory valuation or management. In this, we have sold the goods which come first. This is called a FIFO, which is known as First In First Out.

Thus, McDonald's using the FIFO method gets such benefits as better food hygiene, which gives more customer satisfaction; easier to reduce products near their end-date – therefore more sales and less waste.

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2 years ago

Accounting for manufacturing overhead. Creative Woodworking uses normal costing and allocates manufacturing overhead to jobs bas

VikaD [51]

Answer:

a) Budgeted manufacturing overhead rate = budgeted overhead cost / budgeted labor hours

= $ 4,140,000/ 180,000 hrs

= $23 per hour.

b. JOURNAL ENTRY

Debit Work in process $4,347,000 Credit Manufacturing overhead $4,347,000

c. under or over applied = Actual overheads - applied

= $4,337,000 - $4,347,000

Over applied = 10,000

yes the amount of over applied overheads is significant and material enough and it should be written off against cost of sales.

JOURNAL ENTRY

Debit Manufacturing overheads $10,000 , Credit Cost of sales $10,000

Explanation:

allocated manufacturing overheard = $23 * 189000 hrs = $4,347,000

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3 years ago

A company had net income of $252,000. Depreciation expense is $26,000. During the year, accounts receivable and inventory increa

Maurinko [17]

Answer:

The Net cash is 224.000

Explanation:

To get net cash flow using the indirect method we must make adjustment to the net income.

It depends on the movement if it is added or subtracted to net income

In this case,

Net income 252.000

+ Depreciation expense 26.000

- Increase in accounts receivable (15.000)

- inventory increased (40.000)

+ decreased Prepaid expenses 2.000

- accounts payable decreased (4.000)

+ loss on the sale of equipment 3.000

Net cash 224.000

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4 years ago

Is evrything the consumer must surrender in order to recieve the benefits of theowningusing a product

BabaBlast [244]

Consumer cost is everything the consumer must surrender in order to receive the benefits of owning/using the product.

Customer cost includes the price of a product as well as the expenditures associated with its purchase, use, and aftercare. Purchase expenses are made up of the expenditures associated with product research, information collecting, and information acquisition.

The price of a product is only a small portion of its overall cost to the consumer. The additional costs of delivery, use, and ultimately disposal of the goods fall on the consumer. The overall consumer cost is the sum of these expenses (TCC).

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5 0

2 years ago