Answer:
The answer is C)Occupational Safety and Health Administration (OSHA)
Explanation:
This agency was established by the Congress and was signed into law by the president Nixon in 1970 and falls under the United States Department of Labor.
It's main purpose is to ensure the healthy and safety of working men and women are ensured by the employers, corporations and the relevant authorities.
Rest of the options are offices and administration striations that can be found in a state wise level.
Answer:
Answer in explanation
Explanation:
In this question, we have Mr Jones applying a higher completion rate than the actual completion rate. We now want to find what is the impact of this error.
Due to the fact that the actual completion rate 30% is less than the applied rate, we can say that this error is error based on the overestimation of equivalent units.
Now let’s calculate the impact that this have;
On production units
Actual equivalent unit completed is 10,000 + 10000+(5000*30%)= 11500. But recorded as 10000+(5000*40%) 12000. Hence OVERESTIMATED.
On Cost per Equivalent unit: Since the overall equivalent units ie 12000 is higher than actual ie 11500, the cost per unit will come down. Hence UNDERESTIMATED.
On cost of units completed or transferred: Since the units transferred remain constant and ending inventory is hiked up, a portion of costs get transferred to the closing units. Hence UNDERESTIMATED.
On cost of ending inventory: Since the overall inventory is estimated high, that portion of expense of the goods transferred will be burdened by equivalents in inventory. Hence OVERESTIMATED.
Trade barriers could be an answer to this question. Also, an embargo could be an acceptable answer. Let me know if you need more help, and give me a thanks if I helped!
Answer:
3, 1, 4, 2
Explanation:
The adjustment are required so that any change in any account would be recorded in the books of accounts
The steps to record the adjustments is as follows
3. Determine the accounts requiring adjustment, using the unadjusted trial balance. Like supplies, insurance, rent, etc
1. Record the adjusting entries in the journal. Like supplies, insurance, rent, etc
For example, the adjusting entry for supplies account is
Supplies expense A/c Dr XXXXX
To Supplies A/c XXXXX
(Being the supplies expense is recorded)
4. Post the adjusting entries to the general ledger.
2. Prepare an adjusted trial balance to check the equality of the debits and credits. It includes all the adjusting entries that are recorded and the trial is always matched.
