I’m not sure how to do these tbh

Drag each label to the correct location on the table. Match the examples to the types of assets they represent.

ZanzabumX [31]

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7 0

3 years ago

The primary difference between the accrual basis and the cash basis of accounting is: (You may select more than one answer. Sing

erastovalidia [21]

Answer:

Both of these answers are the primary differences.

1.The accrual basis records revenues when services or products are delivered and records expenses when incurred.

And

2.The cash bases records revenues when cash is received and records expenses when cash is paid.

Explanation:

Under the cash basis, entries in the book of accounts are made when cash is received or paid and not when the receipt or payment has become due.

While

Under the accrual basis, however, revenues and costs are recognised in that period in which they occur rather when they are paid

Accrual basis is more generally accepted than cash basis, as it gives a truer image of enterprise performance in an accounting period.

3 0

3 years ago

Drag each tile to the correct box.

vitfil [10]

I need points sorrybsjsjhsenejwvwnwjemehshsuisksns

5 0

3 years ago

Which of these is NOT an example of a fixed expense in a budget?

STatiana [176]

D) expenses for a birthday party

5 0

4 years ago

Read 2 more answers

Following is information about consulting jobs for a company that is increasing in sales, but has not yet become profitable. The

polet [3.4K]

Answer:

Part 1

$82 per professional labor hour

Part 2

Job 141 = $16,383 ,Job 142 = $32,766 , and Job 143 = $17,399

Part 3

Cost of Goods Sold = $49,149

Ending Work In Process Inventory = $17,399

Part 4

Overheads Under- applied = $10,480

Part 5

$102.00 per professional labor hour

Explanation:

Labor Cost per hour = Total Cost ÷ Total hours

= $23,580 ÷ ( 129 + 258 + 137)

= $45.00 per hour

We know that,

Overhead allocation rate = Estimated Overhead Costs ÷ Estimated Professional labor hours

But using Job 141 we can solve as,

Total for Job 141 = $32,766

Less Labor Cost (258 hours × $45.00) = $11,610

Overheads allocated to Job 141 = $21,156

Then,

Overhead allocation rate = $21,156 ÷ 258

= $82 per professional labor hour

Total Costs

Job 140 Job 141 Job 142

Direct Labor $5,805 $11,610 $6,165

Overheads $10,578 $21,156 $11,234

Total Cost $16,383 $32,766 $17,399

Cost of Goods Sold

Note : Only Finished Jobs are accounted in this figure

Total Cost of Job 140 $16,383

Total Cost of Job 141 $32,766

Cost of Goods Sold $49,149

Work In Process Inventory

Note : Only Incomplete Jobs are accounted in this figure

Total Cost of Job 142 $17,399

Application of Overheads

Actual Overheads (given) = $53,448

Applied Overheads ($82 × ( 129 + 258 + 137)) = $42,968

Actual Overheads > Applied Overheads therefore we have an Under-applied situation.

Overheads Under- applied = $10,480 ($53,448 - $42,968)

Reasonable Overhead Rate.

Rate that does not produce variances is reasonable !

Reasonable Overhead Rate. = Actual Overheads ÷ Total Professional Hours

= $53,448 ÷ 524 hours

= $102.00 per professional labor hour

3 0

3 years ago