Answer:
Following are the solution to this question:
Explanation:
By IAS 1 — Annual Report presentation, 3 concepts were all first consideration, its second consistency as well as the third reporting framework related to investment based that can be define as follows:
- Full accrual basis: its IAS 1 allows an organization to compile all financial reports through an accounting standards basis, with exception of working capital details. Even more cash accounting is a method to record profit or expenditure account balances when they are made.
- All financial statements throughout the United States were repayment-based. Any cost will not be reported underneath the accrual system once it is accruing. It implies that recognition is irrelevant whenever a company pays cash to pay an expense.
- Thus the allocation of 2 million to the year that the Pleasant Corp. was created must be listed as just an expense. As well as the remaining payment amount must be listed as expenses once it is paid. Future interventions throughout the current FY should not be published.
- Also, notice the payment incoming to ensure that you will be prepared when due, but just don't join the way of supporting using the cash method. It simply reports an expense of what you are pay if you make a payment when you choose to use the cash method. Consequently, until the next date, you would not modify your reporting, which is also known as journal entries.
Answer:
Total cost= $24,000
Explanation:
Giving the following information:
Watson, Inc. applies overhead costs based on direct labor hours. In completing the 200 units in job #120, the company incurred $12,000 in direct materials and 500 direct labor hours at $18 per hour. The predetermined overhead rate is $6 per direct labor hour.
Total cost= direct material + direct labor + manufacturing overhead
Total cost= 12,000 + 500*18 + 6*500= $24,000
Answer: ASTM International
Explanation:
The group that is responsible for the establishment of standards which identify material specifications and testing procedures is referred to as ASTM International.
ASTM International was formerly called the American Society for Testing and Materials. This is an international standards organization which technical standards for different products, materials, systems, and services.
It was put in place in order to improve safety and to also improve the quality o both the consumer and the industrial products.
Answer:
the number of units should be produced is 26,000 units
Explanation:
The computation of the number of units should be produced is as follows:
Units to be produced is
= Expected sales units + ending inventory units - beginning inventory units
= 23,000 units + 18,000 units - 15,000 units
= 26,000 units
Hence, the number of units should be produced is 26,000 units
Answer:
I believe it’s line structure
Explanation:
