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3 years ago

What first in first out in accounting

1 answer:

4 0

The correct answer is FIFO meaning that the oldest inventory items are recorded as sold first but do not necessarily mean that the exact oldest physical object has been tracked and sold.

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Jonathan Mfg. adopted a job-costing system. For the current year, budgeted cost driver activity levels for direct labor hours an

Hitman42 [59]

Answer:

C. $ 7,500

Explanation:

Estimated direct labor cost $ 100,000

Estimated direct labor hours 20,000 hours

Predetermined rate per direct labor hours $ 5 per direct labor hour

Actual hours used on a job 1,500 hours

Applied overhead based on the predetermined overhead

rate per direct labor hours

$ 5 per direct labor hours * 1,500 hours $ 7,500

The information regarding machine hours is not relevant to the requirements of the question.

4 0

3 years ago

Which of the following statements is true of comparative negligence? Group of answer choices It allows a plaintiff to claim dama

Ostrovityanka [42]

The inference illustrates that the true statement about comparative intelligence is that it compares a plantiffs fault with a defendant's and reduces the damage award proportionally.

<h3>What is an inference?</h3>

It should be noted that an inference simply means the conclusion that can be deduced from the information given.

In this case, the inference illustrates that the true statement about comparative intelligence is that it compares a plantiffs fault with a defendant's and reduces the damage award proportionally.

Learn more about inference on:

brainly.com/question/25280941

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3 0

1 year ago

Read 2 more answers

Anyone know the answer to this?

Ipatiy [6.2K]

Answer:

rework hope this helps :)

Explanation:

5 0

3 years ago

The starting point for preparing the operating activities section using the indirect method is ______. Multiple choice question.

vitfil [10]

Net income serves as the beginning point for the indirect technique of preparing the operating activities section.

<h3>What does "net income" mean?</h3>

Net income is the amount of money left over after all costs, such as salaries and wages, the cost of commodities or raw materials, and taxes, have been paid. Net income is the amount that a person keeps after paying taxes, health insurance premiums, and retirement contributions.

<h3>How is net income demonstrated?</h3>

Operating income for the business was $23,000 after operating costs of $12,500. After deducting interest expense of $1,500 and adding interest income of $1,700, ABYZ arrived at a net income before taxes of $23,200.

<h3>What is net income post-tax?</h3>

A person's income after taxes and deductions is referred to as their net income.

learn more about net income here <u>brainly.com/question/15530787</u>

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5 0

1 year ago

A property title search firm is contemplating using online software to increase the productivity of the researcher performing th

Stella [2.4K]

Answer:

PRESENT= $5.21

COMPANY – A = $6.72

COMPANY – B= $6.64

Explanation:

Calculation for the higher productivity in terms of revenue per dollar of input

PRESENT

Average time =59 minutes

Cost=59 minutes x$1.30 per minute

Cost = $76.7

Productivity (per $input)=$400/$76.7

Productivity (per $input)= $5.21

COMPANY – A

Average time= (59 minutes-16 minutes)

Average time=43 minutes

Cost= 43 minutes x $1.30 per minute + $3.60

Cost=$55. 9+$3.60

= $59.50

Productivity (per $input)=$400/$59.50

Productivity (per $input) = $6.72

COMPANY – B

Average time= (59 minutes - 17 minutes)

Average time=42 minutes

Cost= 42 minutes x $1.30 per minute + $5.60

Cost=$54. 6+$5.60

= $60.20

Productivity (per $input)=$400/$60.20

Productivity (per $input) = $6.64

Summary

PRESENT:Productivity (per $input)= $5.21

COMPANY – A:Productivity (per $input) = $6.72

COMPANY – B:Productivity (per $input) = $6.64

Therefore COMPANY – A with the amount of $6.72 would have the higher productivity in terms of revenue per dollar of input because it has the highest amount.

4 0

3 years ago