What is a reason that governmental accounting is different from business accounting?

Fact Pattern: Jackson Industries employs a standard cost system in which direct materials inventory is carried at standard cost.

Yuri [45]

Answer:

Efficiency varaince 6,000 unfavorable.

Explanation:

$(standard\:hours-actual\:hours) \times standard \: rate = DL \: efficiency \: variance$

std hours 27,500.00 (22.000 units x 1.25 units per hour)

actual hours 28,000.00

std rate $ 12.00

difference -500.00

efficiency variance $ (6,000.00)

3 0

3 years ago

All of the following would be included in planned aggregate expenditure except:

pentagon [3]

Answer:

<h2>In this case,the correct answer would be option D. given in the answer options or choices or social security payments.</h2>

Explanation:

In Macroeconomics, planned aggregate expenditure basically includes planned consumption expenditure, planned investment level, planned government spending or expenditure and the overall net export which includes the difference between the overall or total export of goods and services and the total import level of goods and services by any country.
Planned aggregate expenditure can be calculated by taking the summation or addition of the aforementioned components or parameters.
However, social security payments are not included in the computation of planned aggregate expenditure as these are considered as unilateral transfer payments provided by the government. Social security payments are one way or unilateral payments or service transfers for which the government does not take any goods,services or assets from the beneficiaries or social security recipients.

5 0

4 years ago

Harding Company is in the process of purchasing several large pieces of equipment from Danning Machine Corporation. Several fina

sattari [20]

Answer:

Option-2 is best alternative

Explanation:

Option-1

Present value of lumpsum amount -1160000

Option-2

Annual paymentt for 10 yrs -94000

Annuity for 10 yrs at 8% 6.7101

Present value of outflowws -630749

Add: Initial amount paid -461000

Present value of outflowws -1091749

Option-3

Annual paymentt for 9 yrs -156000

Annuity for 10 yrs at 8% 6.24689

Present value of outflowws -974515

Add: Initial amount paid -156000

Present value of outflowws -1130515

Option-4

Amount paid after 5 yrs -1730000

PVF at 5 yrs at 8% 0.680583

Present value -1177409

Option-2 is best alternative

6 0

3 years ago

Restructuring organizations to retain the most essential employees is knownâ€‹ as:

AVprozaik [17]

There are several types of organization restructuring:

1. Downsizing

2. Starbust

3. Verticalization

4. De-layering

5. Business process re-engineering

6. Outsourcing, and

7. Virtualization

Among them, the type of restructuring to retain the most essential employees is known as de-layering. De-layering involves breaking down the typical pyramid setup into a flat organization. Its purpose is to thin out or lessen the top layer of unproductive and highly paid ‘white collar’ personnel. It promotes innovation, builds customer intimacy and increases consumer satisfaction. The main advantage is that the decision-making process becomes more effective and shorter.

4 0

3 years ago

The cost structure of two firms competing in the same industry is represented by the following cost formulas: Company X = $2,276

Stells [14]

Answer:

Indifference point= 25,500

Explanation:

Giving the following information:

Company X = $2,276,000 + $50/ unit

Company Z = $1,052,000 + $98/unit

We need to find the indifference point where the two companies provide the same total cost.

We need to equal both cost equations:

2,276,000 + 50x = 1,052,000 + 98x

1,224,000 = 48x

25,500= x

x= number of units

To prove:

Company X = $2,276,000 + $50*25,500= $3,551,000

Company Z = $1,052,000 + $98*25,500= $3,551,000

5 0

4 years ago