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3 years ago

Other disclosures related to receivables are reported

Business

1 answer:

OLga [1]3 years ago

6 0

Answer:

Correct option is (d)

Explanation:

Other disclosure related to receivables include further information on the amounts owed to the organization by debtors such as notes receivables and trade receivables. They are reported either on the face of financial statements in the balance sheet or as notes in the financial statements.

This includes additional information about the receivables such as risk associated with it or market value of receivables.

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________ is the extent to which a selection tool produces consistent results over time.

shusha [124]

This answer would be reliability.

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3 years ago

Which statement BEST describes costs typically associated with policies for auto, health, and property insurance?

Ahat [919]

The answer is: A) As deductibles decrease, policy costs tend to increase.

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3 years ago

Read 2 more answers

Compute conversion costs given the following data: direct materials, $361,300; direct labor, $195,300; factory overhead, $216,70

Radda [10]

Answer:

a. $412,000

Explanation:

Conversion cost is the combination of direct labor and manufacturing overhead which directly or indirectly are necessary to produce a product other than the direct raw materials.

We know,

Conversion costs = Direct Labor + Manufacturing Overhead

Here,

Manufacturing overhead = Indirect material + Indirect Labor + Indirect overhead (including variable and fixed overhead)

Given,

Direct labor = $195,300

Manufacturing overhead = Factory overhead = $216,700

Selling expenses will not be included because it is not a direct or indirect overhead expense.

Therefore,

Conversion costs = $195,300 + $216,700

Conversion costs = $412,000

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3 years ago

The simple interest 500,000 amount to 630,000. what is the percentage rate?

3241004551 [841]

26% Subtract 500,000 from 630,000. Then divide the difference by 500,000.

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3 years ago

The following data are given for Harry Company:

Anon25 [30]

Question

Kindly note that the original question is not complete. The closest question found similar to the original is given below.

The following data are given for Harry Company:

Budgeted production 1,001 units

Actual production 920 units

Materials:

Standard price per ounce $1.904

Standard ounces per completed unit 10

Actual ounces purchased and used in

production 9,476

Actual price paid for materials $19,426

Labor:

Standard hourly labor rate $14.09 per hour

Standard hours allowed per completed unit 4.3

Actual labor hours worked 4,738

Actual total labor costs $76,993

Overhead:

Actual and budgeted fixed overhead $1,155,000

Standard variable overhead rate $27.00 per standard labor hour

Actual variable overhead costs $132,664

Overhead is applied on standard labor hours.

Determine the labour rate variance.

Answer:

Labour rate variance $10,234.58 unfavorable

Explanation:

The labour rate variance is the difference between the standard labour cost allowed for the actual hours worked and the actual labor cost for the same hours

Actual labour hours = 4,738

4,738 hours should have cost (4,738 × $14.09) = 66,758.42

but did cost (actual cost) 76,993.00

labour rate variance 10,234.58 unfavorable

Labour rate variance $10,234.58 unfavorable

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3 years ago