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guajiro [1.7K]
3 years ago
5

Which of the below statements is inaccurate?

Business
1 answer:
Nataliya [291]3 years ago
3 0
Answer c is the most inaccurate
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The following account appears in the ledger prior to recognizing the jobs completed in January: Work in ProcessBalance, January
exis [7]

Answer:

Year-end WIP 62,200

jounral entry for completed jobs:

-------------------------------------

Finished Good Inventory   1,149,800 DEBIT

  WIP inventory                              1,149,800 CREDIT

-------------------------------------

Explanation:

<u>WIP </u>

Beginning  $     72,000

Materials    $   390,000

Labor          $   500,000

Overhead   <u>$   250,000</u>

Total WIP    $  1,212,000

<u />

<u>Finished Jobs:</u>

Job 210  $  200,000

Job 224 $  225,000

Job 216  $  288,000

Job 230 <u>$  436,800</u>

Total       $ 1,149,800

the jobs complete will move to finished good and credit WIP inventory

WIP year-end:

1,212,000 - 1,149,800 = 62,200

7 0
3 years ago
The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit: Production
Blizzard [7]

Answer:

$3,500

Explanation:

Under variable costing method, product costs are calculated on variable manufacturing  costs only.

Step 1 : Determine unit Product Cost

Product Cost = Variable Manufacturing Costs

                      =  $ 35

Step 2 : Determine the units in Inventory

Units in Inventory = Opening Stock + Production - Sales

                              = 0 +  7,210 - 7,110

                              = 100 units

Step 3 : Determine Inventory value

Inventory value = Units x Cost per unit

                           = 100 units x $ 35

                           = $3,500

Conclusion :

the ending inventory of finished goods under variable costing would be: $3,500

3 0
2 years ago
alisa pursues the option to reallocate the bonus money which is currently only allocated to upper management. this will give emp
ad-work [718]

Alisa pursues the option to reallocate the bonus money which is currently only allocated to upper management.<u> Problem solving conflict </u>handling style does this exhibit.

<h3>Problem solving conflict style:</h3>

In problem- solving mode, the individualities or groups in conflict are asked to concentrate on the problem, not on each other, and to uncover the root cause of the problem. This approach recognizes the oddity of one side being fully right and the other being fully wrong.

<h3>What's the meaning of conflict style?</h3>

Conflict is frequently best understood by examining the consequences of colorful actions at moments in time. These actions are usefully distributed according to conflict styles. Each style is a way to meet one's requirements in a disagreement but may impact other people in different ways.

Learn more about conflict style:

brainly.com/question/29423622

#SPJ4

7 0
1 year ago
Power and performance sports are dominant today because they do not foster the interests of people and organizations with the re
o-na [289]

I believe that statement is false

It's the other way around. Since sports able to attract the interest of large number of people, it attract interest of many organizations that feel that they can financially benefited from the audiences. Which is why you would constantly see massive advertisements displayed on the sports field or on the players' jersey.

6 0
3 years ago
Determine whether each of the following accounting duties mainly involves financial accounting, managerial accounting, or tax ac
tekilochka [14]

Answer:

Explanation:

1. managerial

2, managerial

3. financial

4. financial

5. tax

6. financial

7. tax

8. tax

3 0
3 years ago
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