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Oksana_A [137]
4 years ago
10

Providing an analysis for a company regarding adding a particular product line, retracting sales markets, or dealing with risks

or opportunities are some of the responsibilities of managerial accountants.True / False.
Business
1 answer:
Irina18 [472]4 years ago
4 0

Answer:

The answer is true.

Explanation:

The managerial accounting must do:

-planning and desition support.

For example, fully absorbed and incremental costing, adaptive operation and cost-based planning, product process channel and customer strategic adaptatios, enterprise optimization.

-Performance evaluation and analysis.

Assessment of current strategy and plans, integrated cost operational performance measures, profitability reporting, process analysis.

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Moody Corporation uses a job-order costing system with a plant wide overhead rate based on machine-hours. At the beginning of th
natita [175]

Answer:

1. 9.50 per machine hour

2.  $1,040

3. $37,000 ; Increase

Explanation:

1. Fixed predetermine overhead rate:

= Fixed manufacturing overhead cost ÷ Machine-hours required

= 650,000 ÷ 100,000

= 6.5 per machine hour

Variable predetermine overhead rate = 3 per machine hour

Total predetermine overhead rate:

= Fixed predetermine overhead rate + Variable predetermine overhead rate

= (6.5 + 3)

= 9.50 per machine hour

2. Total manufacturing cost:

= Direct material + Direct labor + Manufacturing overhead

= $450 + $210 + (40 × 9.5)

= $450 + $210 + $380

= $1,040

3. Applied overhead:

= Total machine hours × Total predetermine overhead rate

= 146,000 × $9.50

= $1,387,000

Actual overhead = $1,350,000

Over applied overhead:

= Applied overhead -  Actual overhead

= $1,387,000 - $1,350,000

= $37,000

If this amount were closed out entirely to cost of goods sold then net operating income will be increase.

3 0
3 years ago
Greger Peterson is a senior manager at a public accounting firm making a base salary of $180,000 a year ($15,000 per month). Emp
evablogger [386]

Answer: The social security tax will be withheld through September.

Explanation:

Social Security maximum base amount = $128,400

social security tax rate = 6.2% = 0.062

Medicare tax = 1.45% = 0.0145

Medicare Tax = no maximum

Base salary = $180,000

Social security tax amount = 0.062 × $128,400 = $7,960.80

Medicare Tax = 0.0145 × $180,000 = $2,610

Social security tax to be withheld = $7,960.80

Social security maximum base amount = $128,400

Monthly salary = $15,000

$128,400 ÷ $15,000 = 8.56

($15,000 × 8) + ($15000×0.56) = $120,000 + $8400

Therefore, the social security tax will be withheld through the ninth month which is between January to September

8 0
4 years ago
LO 1.2Who are the primary users of the information gathered by managerial accountants?
Oduvanchick [21]

Answer:

managers of the organization

Explanation:

Management Accounting - The main purpose of accounting is to provide a database for business leaders to make the right decisions. Management accounting performs the same function as an area of ​​accounting. Simply the information that the management accounting reveals is intended for internal users of the enterprise, and some literature has described it as "good" data.

Internal users use management accounting data to develop strategies, plan work, make decisions, and optimize resource use.

The main differences between the Financial Accounting (FA) and the Management Accounting (MA) are the dual registration system in the FA. The FA should comply with the legislation and the monetary measure. MA has no legal requirement, and natural, labor and so on. Dimensions can be used. One of the most important differences is that the FA reflects on what has happened, and MA prepares predictive reports on what has happened and about future events.Thus, MA calculations help in making decisions on internal procedures, budgeting and other projected reports.

4 0
3 years ago
Sometimes the exports of developing nations are concentrated in only one or a few primary products.
katen-ka-za [31]

Answer:

I think true if not sorry:-(

7 0
3 years ago
Read 2 more answers
Unlimited liability means ___________. the business is responsible for the majority of debt it incurs, and filing bankruptcy is
bezimeni [28]

The answer is <u>"Unlimited liability means the business is responsible for the debt it incurs. If the business cannot pay its bills, the debt burden transfers to the owner(s), and he/she/they are liable for all debt".</u>


Unlimited liability alludes to the lawful commitments general accomplices and sole proprietors since they are at risk for all business obligations if the business can't pay its liabilities. As it were, general accomplices and sole proprietors are in charge of satisfying the greater part of the organization obligations by and by if the organization can't make its installments.  

In this sense, the entrepreneurs are boundlessly obligated for all the business activities. Claims make a major issue for accomplices with Unlimited liability.

5 0
3 years ago
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