The descriptions to cases that will possibility be addressed by a Trial Balance are:
- can detect the accuracy of the accounting process(possible)
- can help check whether the debit side is equal to the credit side(possible)
- can help prepare the income statement(possible)
- helps serve as a proof of the application of the double-entry system(not possible)
- can help check whether a particular transaction has been completely omitted(not possible)
<h3>What is trial balance?</h3>
A trial balance can be regarded as bookkeeping worksheet which contains the ledger that is arranged into debit and credit account column .
Therefore, with trial balance, one can check whether the debit side is equal to the credit side.
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Answer:
<em>Cost per equivalent unit for conversion cost = $116.66</em>
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Explanation:
<em>Under the weighted average method of valuation, to account for completed units, it is assumed that the entire degree of work required to a complete a set of work is done in the period under consideration.So there is no separation of the completed units into opening inventory and fully worked.
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To determine the cost per equivalent unit, we use the formula below:
<em>Cost per equivalent unit = $70,000/600</em>
<em> = $116.66</em>
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Answer:
cost of machining per ceiling fan= $18 per unit
Explanation:
<em>Activity-based costing is a form of absorption costing where overheads are charged to product using cost drivers. Under this method, overheads are first analyzed and categorized by the activities responsible for them and then charged to product based on the amount of benefits enjoyed using cost drivers.</em>
For example, the machining overhead would charged to each ceiling fan using the machining overhead rate per machine hours.
Cost of machining per ceiling fan = Machining hours × overhead rate per machine hours
= 2.50 × $7.20= $18 per unit
cost of machining per ceiling fan= $18 per unit
Answer:
The registration fee for this used car is $45.60.
Explanation:
Since the sale price of the used car is $5,700, to calculate the registration fee, simply multiply the selling price by the registration rate of 0.8% (0.008):
F = 5,700 * 0.008
F= $45.60
The registration fee is $45.60.
False. When dealing with group conflict, a manager should try to increase the ratio of relationship to substantive conflict. When dealing with a group conflict, the manager should work in different ways to make sure that each person is treated the same and try to resolve the conflict with them instead of potentially creating more conflict if they add more conflict to the problem.