Answer:
9,000 hours
Explanation:
Budgeted cash disbursements for factory overhead for December total
= $105,000
Total budgeted factory overhead for December:
= Budgeted cash disbursements for factory overhead + Depreciation per month
= $105,000 + 15,000
= 120,000
Variable Factory Overhead:
= Total budgeted factory overhead for December - Fixed Overhead
= 120,000 - 75,000
= 45,000
Budgeted direct labor time for December:
= Variable Factory Overhead ÷ Variable Factory Overhead rate per direct labor hour
= 45,000 ÷ 5
= 9,000 hours
Answer:
A staff managerial accountant is part of the mid-level accounting management.
The top position in the chain of command is the Chief Financial Officer, who is in charge of all financial matters within the firm, especially of presenting accurate financial information at the end of the accounting year to management, stockholders, and potential investors.
Directly below him is the controller, an important position in charge of reporting financial statements during the year, and helping gather information for auditors during external audtis.
Below a staff managerial accountant would be lower level accounting who are in charge of bookeeping on a daily basis.
Answer:
Crowdsourcing
Explanation:
Kallton is a multinational communications and information technology corporation. Its principal products are mobile telephones and tablets. It recently announced on its Web site that customers can suggest ideas for its upcoming product model. Contributors of short-listed ideas will be adequately rewarded. In this case, Kallton is using crowdsourcing to generate new product ideas. Crowdsourcing is the mechanism where we gather information, work, ideas and opinions from wide range of people with the help of internet. In this way organizations can save their time and money and can produce work quite efficiently. They can get work from any part of the world.
Answer:
$400 .Since inventory is valued at cost or market value(current replacement cost) whichever is lower .
Therefore value of inventory : $400*8=$3200
Explanation:
Answer:
On November 27
Debit Retained earnings $12,750
Credit Dividend payable $12,750
<em>(To record the dividend declared)</em>
On December 24
Debit Dividend payable $12,750
Credit Cash $12,750
<em>(To record dividend paid) </em>
Explanation:
- Dividends on gains on shares bought by the shareholders. They arise due to appreciation in share price and improvement in company's net income.
- The dividend payable was calculated as $.5 x 25,500 shares = $12,750.
- Dividends are usually paid out of retained earnings.
- The dividend payable account is debited when payment is to be made.