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Tanzania [10]
3 years ago
10

When preparing the operating budgets for a manufacturing company, the manufacturing overhead budget ________. only includes vari

able manufacturing overhead includes costs that are projected by the cost accountant and the production manager only computes the budgeted overhead cost for the year represents the last period cost to be considered?
Business
1 answer:
Stells [14]3 years ago
4 0
When preparing the operating budgets for a manufacturing company, the manufacturing overhead budget includes costs that are projected by the cost accountant and the production manager. It contains the all <span>manufacturing costs and expenses, except the direct materials (raw materials) and direct labor. </span>
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Following are two income statements for Alexis Co. for the year ended December 31. The left number column is prepared before any
ladessa [460]

Explanation:

Adjusting entries of fees collected in advance:

   1.  Dr  unearned fee    6600

              Cr fees earned           6600

Depreciation of Computers:

 Dr Depreciation expense - computer 1650

                 Cr Accumulated depreciation   1650

Depreciation of Furniture:

 Dr Depreciation expense - office furniture 1925

                 Cr Accumulated depreciation            1925

Adjusting entries of salaries:

 Dr  Salary expense    2695

       Cr Salary payable        2695

Adjusting entries of Insurance:

 Dr Insurance expense       1430

         Cr prepaid insurance       1430.

Adjusting entries of office supplies:

Dr Office supplies expense 528

            Cr Office supplies   528

Adjusting entries of utilities:

 Dr Utilities expense  77

           Cr Utilities payable     77

5 0
3 years ago
Read 2 more answers
Harper acquires 40 percent of the outstanding voting stock of Kinman Company on January 1, 2014, for $243,700 in cash. The book
KonstantinChe [14]
One of the steps in solving this problem is this one:

As we know as shown above, the joournal entry for 2014 and 2015 will include the investment balance, increases and decreases to equity and intra-entity profits realized and deferred. Also the balance of the acquisition needs to be calculated.

Calculation of the book value of the purchase made as the book value of Company K times percent purchased:

400,000 * 0.40 = 160,000

Then, calculate the difference in the acquisition and the book value of the purchase:

210,000 - 160,000 = 50,000
5 0
3 years ago
As the manager of the local Express Package Services, a retail shipping facility, DeAnna is evaluating the employees who work at
MrMuchimi

DeAnna is evaluating each of these employees in terms of their job performance.

<h3><u>Explanation:</u></h3>

Job performance refers to the ability of an employee in achieving the goals of an organisation. It is very essential for every employee in an organisation to perform well on their assigned roles and responsibilities for the success. The job performance of each and every employee of an organisation is related to its success.  

The performance of any job includes the employees meeting their deadlines on time, making good sales and also to build brand through a positive interactions with the customers. In the given situation, DeAnna evaluates the interactions of her employees with the customers, the sales they make and also the time they spend with the customers. Thus, DeAnna is evaluating each of these employees in terms of their job performance.

7 0
3 years ago
Debt ratios measure the proportion of total assets financed by a firm’s creditors. Sunny Co. has a debt-to-equity ratio of 4.00,
Varvara68 [4.7K]

Answer:

Carter Co. has greater financial risk as compared to Sunny Co. and to the average financial risk in the industry.

Explanation:

Since the industry average is 3.20

Provided Debt to Equity is

Sunny Co. 4.00

Carter Co. 6.00

Since debt to equity represents the financial risk associated with the product.

It is clear that both the companies are on a higher financial risk than that of the industry.

Further the company is still in a better position than that of the competitor, as the later has higher debt to equity ratio.

Therefore, the first statement concluding that the financial risk of Carter Co. is highest of all including the competitor and the industry average is True.

3 0
3 years ago
In January ​3, Sturmer Corporation purchased 2,150 shares of the​ company's ​$10 par value common stock as treasury​ stock, payi
photoshop1234 [79]

Answer:

paid in capital from treasury stock = $10000

Explanation:

on 3rd jan

treasury stock = 2150*9 = 19,350

              cash = 19,350

30 jan

cash = 1000*19 =19,000

treasury stock = 1000*9 = 9000

paid in capital from treasury stock = 19000- 9000 = $10000

3 0
3 years ago
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