All categories

3 years ago

U.S. GAAP for long-lived assets significantly impedes rate-of-return comparisons across companies unless the firms:

Business

1 answer:

kap26 [50]3 years ago

6 0

Answer: Apply the same depreciation methods and the same useful lives among similar groups of assets

Explanation:

US GAAP for long-lived assets significantly impedes rate-of-return that is, the annual income from an investment which is being expressed as a proportion of the original investment comparisons across companies unless the firms apply the same depreciation methods and also the same useful lives are applied among identical groups of assets.

You might be interested in

Under HIPAA, a "disclosure accounting" is required:

Arte-miy333 [17]

Answer:

B. For all human subjects research that uses PHI without an authorization from the data subject, except for limited data sets.

Explanation:

According to Health Insurance Portability and Accountability Act, HIPAA, Disclosure Accounting is a term that describes a form of the accounting process which includes revealing any incident that had an effect on financial statements.

However, there are certain instances under HIPPA, disclosure accounting is required, but considering the available option, the correct answer is: "For all human subjects research that uses PHI without an authorization from the data subject, except for limited data sets."

8 0

3 years ago

Preparing a Direct Labor Budget Patrick Inc. makes industrial solvents. Planned production in units for the first 3 months of th

san4es73 [151]

Explanation:

The preparation of the direct labor budget is presented below:

Patrick Inc.

Direct labor budget

Direct labor budget: January February March Total Unit

Unit to be produced 43,800 41,000 50,250 135,050

Direct labor hours per

unit 0.3 0.3 0.3 0.3

Total direct labor

hours $18 $18 $18 $18

Direct labor cost $236,520 $221,400 $271,350 $729,270

4 0

3 years ago

University of Florida football programs are printed 1 week prior to each home game. Attendance averages 90, 000 screaming and lo

VladimirAG [237]

Restocking=50 10=50 and then c_s means 600 must =50000

7 0

2 years ago

Songsu Co. is struggling to control costs. We are hired as consultants to determine why the company’s actual costs exceed budget

andreev551 [17]

Answer:

1. Direct labor rate variance=$38,250 Favorable

2. Direct labor efficiency variance=$43,350 UnFavorable

3. Variable overhead cost=$21,400 Favourable

4. Fixed overhead cost=$6,800 Unfavorable

Explanation:

1. & 2. Computation for the direct labor rate variance and direct labor efficiency variance

Computation for DIRECT LABOR RATE VARIANCE using this formula

Direct labor rate variance= (Actual hour * Actual rate)-(Actual hour* Standard rate)

Let plug in the formula

Direct labor rate variance=[(5,100*2.5)*$14]- [(5,100*2.5)*$17]

Direct labor rate variance=(12,750*$14)-(12,750*$17)

Direct labor rate variance=$178,500-$216,750

Direct labor rate variance=$38,250 Favorable

Therefore Direct labor rate variance will be $38,250 Favorable

Computation for DIRECT LABOR EFFICIENCY VARIANCE using this formula

Direct labor efficiency variance= (Actual hour *Standard rate)-(Standard hour* Standard rate)

Let plug in the formula

Direct labor efficiency variance=[(5,100*2.5)*$17]- [(5,100*2)*$17]

Direct labor efficiency variance=(12,750*$17)-(10,200*$17)

Direct labor efficiency variance=$216,750-$,173,400

Direct labor efficiency variance=$43,350 UnFavorable

Therefore Direct labor efficiency variance will be $43,350 UnFavorable

3. & 4. Computation for the variable overhead variance and fixed overhead variance.

Computation for VARIABLE OVERHEAD VARIANCE

First step is to calculate the Overhead cost applied using this formula

Let plug in the formula

Overhead cost applied=Predetermined overhead rate*Standard Direct Labor hour)

Overhead cost applied=$12*(5,100*2)

Overhead cost applied=$12*10,200

Overhead cost applied=$122,400

Now let calculate Variable overhead cost using this formula

Variable overhead cost=Overhead cost applied-Actual results

Let plug in the formula

Variable overhead cost=$122,400-$101,000

Variable overhead cost=$21,400 favourable

Therefore Variable overhead cost will be $21,400 Favourable

Computation for FIXED OVERHEAD VARIANCE

First step is to calculate the overhead cost applied using this formula

Overhead cost applied=Predetermined overhead rate*Standard DL hour)

Overhead cost applied=$6*(5,100*2)

Overhead cost applied=$6*10,200

Overhead cost applied=$61,200

Now let calculate Fixed overhead cost using this formula

Fixed overhead cost=Predetermined overhead rate*Standard Direct Labor hour)

Let plug in the formula

Fixed overhead cost=$61,200-&68,000

Fixed overhead cost=$6,800 Unfavorable

Therefore Fixed overhead cost will be $6,800 Unfavorable

6 0

3 years ago

The primary way to determine whether an idea constitutes "common knowledge" is: whether there is an expectation that the readers

aalyn [17]

Regardless of whether there is a idea that the perusers and the writer would be comfortable with the material.it implies the thought is well known enough to be comprehended by the peruser. The idea is simple enough to be gotten a handle on by any individual who might run over the content. It is typically utilized by creators to pick up fame.

Further Explanation:

Common knowledge:

Common knowledge is learning that is known by everybody or about everybody, more often than not with reference to the network in which the term is utilized. Regular information need not concern one explicit subject, for example science or history.

Common knowledge impact:

The common knowledge impact exhibits that a superfluous factor—the quantity of individuals who know a specific snippet of data—can influence cooperative choices. In the event that a bit of unshared data is critical to settling on a right choice, the outcome might be a mistaken choice.

Which thought about common knowledge:

In contrast to citations or summarized thoughts, data that is considered "regular information" shouldn't be refered to. "Basic learning" is data that is considered generally known or effectively checked.

Subject: business

Level: High School

Keywords: Common knowledge, Common knowledge impact, Which thought about common knowledge.

Related links:

Learn more about evolution on

brainly.com/question/10794095

brainly.com/question/2956079

4 0

3 years ago

Read 2 more answers