Accounting Prepare general journal entries to record the following transactions for the Harris

Businesses receive positive feedback about the effectiveness of their

Dafna11 [192]

It’s either the customer say something good about them and tells other people or the customer goes to their profile and rates them

3 0

2 years ago

Allure Company manufactures and distributes two products, M and XY. Overhead costs are currently allocated using the number of u

Crazy boy [7]

Answer:

Results are below.

Explanation:

First, we need to calculate the allocation rates:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Production setups= (73,000 / 30)= $2,433.33 per setup

Material handling= (49,000 / 91)= $538.46 per number of part

Packaging costs= (246,000 / 156,000)= $1.58 per unit

Now, we need to allocate costs to Product XY:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Production setups= 2,433.33*18= 43,799.94

Material handling= 538.46*23= 12,384.58

Packaging costs= 1.58*60,000= $94,800

Total allocated costs= $150,984.52

Finally, per unit basis:

Unitary cost= 150,984.52 /60,000= $0.27

8 0

3 years ago

The purpose of a financial intermediary is to help channel funds

Triss [41]

Answer:

a. from one banks to another

Explanation:

3 0

3 years ago

In one of the case studies in the textbook, Ernie Phillips was a CPA who had fallen on hard times both financially and personall

olga_2 [115]

Answer:

The fraud was discovered Option D: The operations manager found a check made payable to Phillips while searching Phillips' desk for some accounting records.

Explanation:

In the given case study, Ernie Phillips had got a job as a 'controller'. He had started writing checks to himself other than the payroll checks.

This fraud can be discovered when the operations manager found a check on Phillips desk which was payable to himself and it was other than the payroll check. Thus, Option D is the statement as an answer.

Cancelled checks do not have to do anything with the fraud, as per Option A, because cancelled checks are never cleared in the bank. The receiver doesn't usually receive a call before check clearance. So, Option B is also incorrect. No error was there in the check as stated in Option C.

8 0

3 years ago

If a company is eliminating certain models of a product and cutting back on expenditures, the product is most likely in the ____

Airida [17]

I would have to say decline

4 0

3 years ago