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uysha [10]
3 years ago
6

It is illegal for a government to spend money for any purpose unless a valid appropriation for that purpose exists. Does this le

gal rule assure good financial management for each government
Business
1 answer:
mixas84 [53]3 years ago
7 0

Answer:

Yes

Explanation:

it ensure good financial management as it requires a valid appropriation to spend an amount. it means the budget authority to the government is subject to a valid purpose. this legal rule helps to curtail unnecessary spending and assure that funds go where they are most needed

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For February, sales revenue is $700,000; sales commissions are 5% of sales; the sales manager's salary is $96,000; advertising e
beks73 [17]

Answer:

Total Selling Expenses for the month of February is $241,000

Explanation:

Sales Commissions ($700,000 of sales x 5%)  = $35,000

Sales Manager Salary = $96,000

Advertising expenses = $90,000

Shipping expenses = ($700,000 of sales x 2%) = 14,000

Miscellaneous selling expenses = ($2,500 + $700,000 x 1% x 0.5) = $6,000

Total Selling Expenses (Summation of all the calculated above working)= $241,000

5 0
3 years ago
Clay Corporation manufactures two styles of lampslong dasha Bedford Lamp and a Lowell Lamp. The following per unit data are​ ava
mote1985 [20]

Answer:

$ 10

Explanation:

Given:

For Bedford lamp

Sales price = $ 26

Variable cost = $ 16

Machine hours required per unit = 1

Now,

the contribution margin per unit = Sales price - Variable cost

= $ 26 - $ 16

= $ 10

therefore,

the contribution margin per machine hour is calculated as:

= contribution margin / machine hours

or

= $ 10 / 1

or

= $ 10

hence,

the contribution margin per machine hour for the bedford lamp is $ 10

4 0
3 years ago
A business formation is also known as:
Iteru [2.4K]

Business formation is also known as: a business attraction

5 0
2 years ago
Read 2 more answers
Scientific management foucuses on increasing efficiency at increasing operating efficiency at the _ level of management
elixir [45]
Step by step ur +GO TO DA MOON +* GO TO DA MOON+* GO TO DA MOON+* GO TO DA MOON+* GO TO DA MOON+* GO TO DA MOON+* GO TO DA MOON+* GO TO DA MOON+* GO TO DA MO
7 0
3 years ago
The following partially completed process cost summary describes the July production activities of the Molding department at Ash
erma4kov [3.2K]

Answer:

1. Total costs to account for $ 794,190

2.Total units to account for 43,500

Total units accounted for 43,500

3.Total Equivalent units of production

Material 40,000

Conversion 41,200

4.Cost per EUP

Material $ 12

Conversion $ 6.6

5. COST ASSIGNMENT AND RECONCILIATION

Total costs accounted for $794,190

Explanation:

Preparation of its process cost summary using the FIFO method.

1. Costs Charged to Production:

Costs of beginning work in process:

Direct materials $ 37,650

Conversion $ 4,620

$ 42,270

Costs incurred this period:

Direct materials $ 480,000

Conversion $ 271,920

$ 751,920

Total costs to account for $ 794,190

(751,920+42,270)

2 . UNITS COST INFORMATION

Units to ACCOUNT FOR

Beginning work in process 3,500

Units started this period 40,000

Total units to account for 43,500

Units ACCOUNTED FOR

Completed & transferred out 39,500

Ending work in process 4,000

Total units accounted for 43,500

3. DIRECT MATERIAL

Equivalent units of production:

Units to complete beginning WIP:

Direct materials 3,500*0% 0

Units started and completed

Direct materials (39,500-3,500) 36,000 Units of ending work in process:

Direct materials 4,000

Total Equivalent units of production 40,000

(36,000+4,000)

CONVERSION

Equivalent units of production:

Units to complete beginning WIP:

Conversion 3,500*80% 2,800

Units started and completed

Conversion (39,500-3,500) 36,000

Units of ending work in process:

Conversion 2,400

Total Equivalent units of production 41,200

(2,800+36,000+2,400)

4. Direct Materials Conversion

COST PER EUP

Costs incurred this period

$ 480 000 $ 271,920

÷EUP (from prior page)

40,000 41,200

=Cost per EUP $ 12 $ 6.6

5. COST ASSIGNMENT AND RECONCILIATION

Costs transferred out:

Cost of beginning work in process $ 42,270

Cost to complete beginning work in process:

Direct materials (0 EUP x $12 per EUP) $0

Conversion (2,800 EUP x $6.60 per EUP) $ 18,480

Total $18,480

Costs of units started and completed this period:

Direct materials (36,000 EUP x $12 per EUP) $ 432,000

Conversion (36,000 EUP x $6.60 per EUP) $ 237,600 $ Total $669,600

Total cost of work finished this period $ 688,080

( 669,600+ 18,480)

Costs of ending work in process:

Direct materials (4,000 EUP x $12 per EUP) $ 48,000

Conversion (2,400 EUP x $6.60 per EUP) $ 15,840 $ Total $63,840

Total costs accounted for $794,190

(42,270$ 688,080+63,840)

7 0
3 years ago
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