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strojnjashka [21]
3 years ago
8

LO 1.2What are the key differences between financial accounting and managerial accounting?

Business
1 answer:
Alex_Xolod [135]3 years ago
5 0

Answer:

Difference between managerial accounting and financial accounting is described as follows:-

  • Managerial accounting is the accounting process for observing and recording business transaction whereas information and facts of accounts that are collected to make financial statement called financial accounting.
  • Managerial accounting reports about the issue and obstruction that are occurring in the business processes and the measure to fix it are planned whereas financial accounting deals with profit generation .
  • Managerial account processes by accounting every level of business internally but financial accounting look business as a whole level.
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Markley Manufacturing calculated its predetermined overhead rate to be 120% of direct labor cost. During June, the company incur
Nana76 [90]

Answer:

Applied Manufacturing Overheads are $102,000

Overapplied Manufacturing overheads are $18,000

Explanation:

Under or over applied manufacturing overhead can be determined by comparing the actual and applied manufacturing overheads.

Applied overheads can be calculated by multiplying pre-determined overhead rate and actual level of quantity. Predetermined overhead rate is calculated using estimated overhead and estimated activity on which overheads are applied.

In this question the predetermined overhead rate is 120% of direct labor cost.

Applied overhead = Direct labor cost x 120% = $85,000 x 120% = $102,000

Actual overheads incurred = $84,000

Overapplied Manufacturing overheads = $102,000 - $84,000 = $18,000

3 0
3 years ago
Four candidates with the same qualification are interviewed for the position of sales representative. looking at the given chara
Tamiku [17]

A sales representative is a person who works for a particular brand or company and helps in selling the products or services of a company while at the same time representing the brand. The sales representative basically works by contacting the customer until the time the product is sold or the customer had made use of the service.

There are certain skills required by the sales representative like-

  • Communication skills- good communication skills are required by every sales representative, as it enable a person to represent his and his company’s views more efficiently.
  • Negotiation skills – these skills also ensure that you can make good relations with other big companies that widen your brand network.
  • Public skills – these will help you in better public speaking whenever you have to give presentations on a brand’s goals or views.
  • Organizational skills- as the workload is more you will need to organize yourself so you can complete your tasks on time.
  • Therefore, out of the four candidates, the person who has all these important skills will get selected in the interview for sure and moreover, and will surely impress his employer with these certain skills.

Learn more about Pre-approach selling process here-

brainly.com/question/25586322

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3 0
1 year ago
A very plain-looking résumé designed to be delivered via e-mail or an online e-form is a _______.
gayaneshka [121]
I think its a PDF File
5 0
3 years ago
A. sound tracker company retires its delivery equipment, which cost $41,000. accumulated depreciation is also $41,000 on this de
guapka [62]
The amount of the salvage may be calculated using various equations. We are given that the sound tracker is retired about some time and this was initially bought at $41,000. However, we are given that the accumulated depreciation is also equal to $41,000. 

Since the initial payment is similar to the accumulated depreciation hence, the salvage value is zero. 
7 0
3 years ago
Dure Inc. is an athletic shoe-making company in the United States. It successfully sells the same range of shoes in all its inte
Vlad [161]

Answer: Global segmentation

Explanation:

 The global segmentation is one of the type of process in which the consumers or users are get grouped on the basis of their similar needs and the requirements.

In the global segmentation process we categorized the or divide the various types of customers into the different types of groups according to their specific interest related to the products and the services in the market.

The following are some benefits of the global segmentation are as follows:

  • Providing various types of market opportunities
  • Better usage of the resources
  • Profitability  

 Therefore, Global segmentation is the correct answer.

5 0
3 years ago
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