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o-na [289]
3 years ago
7

When recording Manufacturing Overhead, it is acceptable to use only one account (for both actual and applied) or to use two sepa

rate accounts. If you are using two separate accounts, when recording the application of overhead the credit should be to: Group of answer choices Manufacturing Overhead Applied Manufacturing Overhead Control Neither of these is correct.
Business
2 answers:
ZanzabumX [31]3 years ago
7 0

Answer:

Manufacturing Overhead Applied

Explanation:

The Credit is an entry of the Overheads Applied in the Production Process. Overheads Applied equal the Predetermined Overhead Rate multiplied by the Actual units of production.

The debit will be the Cash payment made on the overheads actually incurred during the Production Process.

The Balance of this Account is an Under or Overrecovery of Overheads used to adjust the Cost of Goods Sold or Other Inventory Items.

Andreyy893 years ago
4 0

Answer:

Yes, it is acceptable to use to use two separate accounts.

When recording the application of overhead the credit should be to: Manufacturing Overhead Control

Explanation:

For ease of accounting, a temporary account called manufacturing overhead control account is created. In this account, actual overhead costs are recorded on the debit side of the  while overhead costs applied to Work in Process using predetermined rates are recorded on the credit side of the account.

The data reported on the manufacturing overhead control within a period includes all indirect costs incurred during the production process they include salaries, etc.

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Your family owns a small construction company, CopperBuild, that builds custom homes for an upscale architectural firm. Your two
beks73 [17]

Answer:

All the statements apply

Explanation:

1. Avoid mere mechanical descriptions.

This statement applies because it is an architectural proposal, thus, it should include aesthetic descriptions.

2. Emphasize the benefits to the recipient.

The proposal should include the ways CopperBuild would benefit the investors of the shopping center, from an architectural, and financial point of view.

3. Detail your expertise and accomplishments.

CopperBuild should add a few pages highlighting the firm's past experience, this in order to obtain more credibility.

4. Proposals are sales presentations.

This is a good analogy because what CopperBuild is doing by means of the proposal is selling "itself" (its experience, credibility, prestige) to the investors in order to get the contract.

7 0
3 years ago
Market Research is necessary to discover the potential success of new and existing products. True False
arlik [135]
True Market Research is necessary to discover existing products
8 0
3 years ago
Which of the following choices concerning the recognition of interest income for corporate bondare CORRECT?
kumpel [21]

Answer:

The correct answers are letters "A", "B", and "C".

Explanation:

Corporate bonds are securities that firm issues to be sold to investors to raise funds that will be using to keep the company up and running. Investors profit from the interest rate dealt in the bond agreement or sometimes they obtain physical assets of the organization as collateral. If in the <em>secondary market bonds</em> are issued at a premium, the premium can be amortized or applied to the bond base but if the bonds were issued at a discount, <em>discount bond rules</em> take into place. The <em>interest payment received</em> thanks to the bonds are recorded in the gross income.

7 0
3 years ago
Depreciation is a process by which A. the cost of plant and equipment is allocated to expense over the time periods which benefi
zysi [14]

Answer:

B. the decline in market value of plant and equipment is determined and recorded

  • <u>Depretiation is a measure of how much value our plant and equipement does loose because of use and the pass of the  time. </u>
  • If depretiation would not exist, we would register the value of plant and equipment as if they worth the same they did when they were bought, wich would be not real.
  • As an example, think about an oven in a bakery after using for some years: it is not in the same conditions that it was when new. This lost in the value of the goods (because of usage in this case), is what depretiations tries to account.

4 0
3 years ago
Companies that succeed in a turbulent world are those in which managers are evaluated and rewarded for paying attention to both
lisov135 [29]

Companies that succeed in a turbulent world are those in which managers are evaluated and rewarded for paying attention to both cultural values and business performance. <u>True</u>

Answer: The correct answer is (a) True

<u>Explanation:</u>

Success of a company highly depends upon it's workforce specially the managers.They are real assets for every concern.An organisation stands nowhere without it's managers.

It is mandatory for every concern to evaluate it's managers and reward them from time to time to enhance their involvement as well as their performance in business.Employees should be rewarded according to their value.They should be rewarded fairly for their tasks.

This system help in motivating the employees.Rewards can be in the form of bonus,salary increment,promotions and many other benefits.

Besides rewarding the employees performance should also be evaluated on regular basis.For this their actual performance should be compared with standard performance and if any discrepancy arises they should be informed and corrective measures must be taken.This will help the employees in knowing where they are lacking and it will give them a chance to improve their performance.

<u></u>

6 0
3 years ago
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