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3 years ago

Managerial accounting information for a company

Business

1 answer:

Bad White [126]3 years ago

5 0

Answer:

Correct answer is b. relates to subunits ot the entity and may be very detailed.

Explanation

Managerial accounting involves collecting, storing, analyzing, and reporting information about the operations, activities and finances of a business. These reports are generally used by the managers of a business, rather than by any external entities, such as shareholders or lenders. The purpose of this accounting is to facilitate manager from senior to line level to make informed decision.

So in order to run the business smoothly this information/accounting is required to be very detail and covering each and every aspect of the entity.

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Comfort chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 7

guapka [62]

Answer:

1. a. 81,500

2. $38,481

3. $461,382

Explanation:

The equivalent units for conversion costs during February.

Conversion Costs = 15,700 x 65% + 62,900 x 100% + 10,100 x 85 %

= 81,690 units

Material Costs = 15,700 x 0% + 62,900 x 100% + 10,100 x 100 %

= 73,000 units

The amount of direct materials cost assigned to ending work-in-process inventory at the end of February.

Step 1 : Determine Cost per Equivalent unit

Conversion Costs = $168,000 ÷ 81,690 units = $2.06

Material Costs = $278,000 ÷ 73,000 units = $3.81

Total Cost = $2.06 + $3.81 = $5.87

Step 2 : Direct Material Cost assigned to ending work-in-process

Ending work-in-process (Material Cost) = 10,100 x $3.81

= $38,481

The cost of the goods transferred out during February.

Cost of the goods transferred out = $5.87 x 78,600

= $461,382

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2 years ago

The product life cycle defines the stages that new products move through as they enter, are established in, and ultimately leave

notsponge [240]

Answer:

Market Attribute – Introduction stage - Low sales

Market Attribute – Growth stage - Opportunities increase

Market Attribute – Maturity stage - Intense competition

Market Attribute – Decline stage - Niche segment

Consumer Types – Introduction stage - Sylvie

Consumer Types – Maturity stage - Winnie

Consumer Types – Decline stage - Francine

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3 years ago

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EastWind [94]

Answer:

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Explanation:

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3 years ago

Why is it often difficult for a firm to match its strategy to hr deliverables??

Nookie1986 [14]

It is difficult because firms have a hard time executing strategies they develop. The vision the firms has is either too wide in scope, costs too much money, or uses too many resources to be truly viable. The strategy or deliverables may need to be altered or scrapped to get a fresh start.

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3 years ago

Sarbanes-Oxley does not require:

Novosadov [1.4K]

Answer:

B) companies to turn over responsibility for establishing and maintaining internal controls for financial reporting to auditors.

Explanation:

Sarbanes- Oxley is popularly called SOX and which is also know as the ''Public Accounting Reform and Investor Protection Act'' in the United States' Senate and ''Corporate and Auditing Accountability, Responsibility and Transparency Act'' is a USA federal law the sets out new regulations for all U.S public company boards, management and public accounting firms. Some part of the Act makes provisions that apply to privately owned companies.

The Sarbanes-Oxley is named after the bill sponsors that is Senator Sarbanes and a U.S Representative known as Micheal G. Oxley and this bill makes sure that the top management of a company must each individually determine and certify the accuracy of all financial information provided or stated. This bill was enacted in 2002 to curb a number of major corporate accounting scandals, especially those affecting big accounting firms like ; Enron, Tyco International, Adelphia, Peregrine Systems, and WorldCom that cost investors to loose a lot of money when the their shares collapsed.

As a guiding principal companies and organizations are supposed to adhere to the options mentioned above except for option B which states: companies to turn over responsibility for establishing and maintaining internal controls for financial reporting to auditors.

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3 years ago