Answer and Explanation:
The journal entry is as follows;
Supplies expense Dr ($2,130 - $1,253) $877
To Supplies $877
(being the supplies expense is recorded)
Here the supplies expense is debited as it increased the expenses while on the other hand the supplies is credited as it decreased the assets. Also both the accounts contains normal debit balance
Based on financial information, managerial accountants assist businesses in determining when, where, and how much money to spend. Decision-makers can use common capital budgeting indicators, such as net present value and internal rate of return, to determine whether to start expensive projects or acquisitions.
Managers use accounting data to help with decision-making, management, and the execution of their control functions. This practice is known as management accounting.
The term "managerial accounting" refers to a system of accounting that produces documentation, reports, and statements that aid management in making better judgments about the operation of their company. Internal uses make up the majority of managerial accounting.
Learn more about managerial accounting here
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Answer:
e. When cost analysts are able to logically trace cost objects to costs, costing accuracy is improved.
Explanation:
Overhead costs are costs which can not be attributed to a particular item . So it is distributed among more than one item on some basis.
For example electricity cost is a common overhead in a company having two machines one producing pen and the other producing paper . The overhead electricity cost can be scientifically apportioned in the cost analysis of pen and paper on the basis of wattage capacity of machines used in the manufacture of pen and paper .
Answer:
Explanation:
Estimate quantities and resources correctly to.
