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Ahat [919]
3 years ago
13

Equivalent-unit calculations are necessary to allocate manufacturing costs between:

Business
1 answer:
wlad13 [49]3 years ago
8 0

Answer:

units completed and ending work in process.

Explanation:

In order to find out the equivalent units we consider the completed units and the ending work in process units.

In mathematically,

= Units transferred × completion percentage + ending work in process units × completion percentage

By considering the units transferred and the ending work in process units after taking the completion percentage we can easily calculate the equivalent units so that the allocation of the manufacturing cost could be done

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As an adjustment to operating expenses per the income statement, an increase in accrued liabilities would be added to operating
timofeeve [1]

Answer:

This is a true or false type of question as shown in the attached document.

The correct answer is false

Explanation:

The question was whether the statement on the treatment of increase in accrued liabilities as highlighted in the question is true or false.

In determining the cash payments for operating expenses , increase in accrued liabilities is deducted not added to operating expenses.

This is a case of single entry accounting system where the business does not operate based on the principle of double entry,instead transactions are recorded one-sided.

The justification is that the increase in accrued liabilities is a portion of the current period expenses not yet paid for,as a result,it would be necessary to deduct it from total expenses in order to ascertain the  remaining portion of the expenses already settled with cash.

Download xlsx
5 0
3 years ago
JacksonJackson Bank lends JabbourJabbour Clothing Company ​$125 comma 000125,000 on September 1. JabbourJabbour signs a ​$125 co
lara31 [8.8K]

Answer:

Explanation:

The journal entry is shown below:

Interest expense A/c Dr $3,000

           To Interest payable A/c $3,000

(Being interest is recorded)

The computation of the interest expense is shown below:

= Principal × rate of interest × number of months ÷ total number of months in a year

= $125,000 × 6% × (4 months ÷ 12 months)

= $2,500

The four-month is calculated from the September 1 to December 31

4 0
3 years ago
Typical quality improvements include: a. All of the answers are correct b. product redesign c. alteration of organizational arch
tia_tia [17]

Answer:

a. All of the answers are correct

Explanation:

Typical quality improvements include electronic defect detection which will bring about efficiency in the service delivery to the customers, alteration of organizational architecture to increase local responsiveness to customer needs, purchase of robotic manufacturing systems which will more efficiency to the work being done in the organization and product redesign to meet the needs of the customers

4 0
3 years ago
Suppose that the equilibrium price of greeting cards declined at the same time the equilibrium quantity of greeting cards increa
lorasvet [3.4K]

Answer:

The answer is: A) A decrease in the price of paper used to make greeting cards.

Explanation:

In normal market conditions, an increase in the equilibrium quantity of greeting cards means that the quantity demanded and the quantity supplied of greetings cards increased. Usually an increase in the quantity supplied will result in an increase of the price of the good or service. But on this specific case something else made the price of the cards decrease. The only one of the four possible options that can explain an external cause for a decrease in the price of greetings cards, is a decrease in the price of paper used to manufacture them.  

3 0
3 years ago
PA6.
inysia [295]

Answer:

(The data is missing so we cannot prepare the complete cash budget but lets see how it is prepared. The data given in the question has only been added in cash budget)

Cash Budget is prepared in same way as statement of cashflow. The detail cash budget format is given below.

                                             Poster Company

                                                 Cash budget

                                           1st and 2nd quarter

Cash from operations

Sales                                                                  xxxx

Purchase                                                           (xxxx)

Other expenses paid                                        (xxxx)

Net cash from operation                                   xxxx

Cash from Investment activities

Sale of Assets   (10,000+4,500)                    $ 14,500

Any investment made                                      (xxxxxx)

Net Cash from investing activities                  xxxxxx

Cash from Finance Activities

Financial Charges paid                                  ( xxxxxxx)

Dividednd paid                                              $ 4,500

Net Cash from Financing activities                xxxxxxxx

Net cash increase/ decrease                          xx/ (xx)

Opening balance                                             $60,359    

Cash balance at end                                          xxxxx

(xxx represents missing values)                                        

6 0
3 years ago
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