Answer:
In 2017
Net Income and Retained Earning are overstated by $100,000
Expenses and Payables are understated by $100,000.
In 2018
Inventory, Net Income and Retained Earning are understated by $57,000
Expenses are overstates by $57,000
Explanation:
Accrued Salaries is Recorded as follow
Dr. Salaries Expense
Cr. Salaries Payament
Non recording of this entry will result in understatement of Expenses and Payables by $100,000 over statement of Net income and retained earning by the same amount.
Treatment of Office supplies of $57,000 as expense will overstate the expenses and understate the the inventory, Net income and Retained Earning.
Answer:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Explanation:
If overhead is applied using traditional costing based on direct labor hours, the overhead application rate is:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
<u>For example:</u>
Total estimated overhead= $150,000
Allocation base= direct labor hours
Estimated Total number of direct labor hours= 10,000
Predetermined manufacturing overhead rate= 150,000/10,000
Predetermined manufacturing overhead rate= $15 per direct labor hour
Answer:
La sencillez corporativa describe el grado en que las actividades de una empresa son perceptibles por los marginados. Esto es resultado de la directriz, los estándares cercanos y la disposición de los datos, la protección y las estrategias comerciales en torno a la dinámica corporativa y la receptividad de las tareas a los representantes, socios, inversionistas y personas en general. Desde el punto de vista de los marginados, la sencillez se puede caracterizar esencialmente como la naturaleza aparente de los datos compartidos intencionalmente de la empresa.
Corporate straightforwardness depicts the degree to which an enterprise's activities are perceptible by outcasts. This is a result of guideline, nearby standards, and the arrangement of data, protection, and business strategies concerning corporate dynamic and tasks receptiveness to representatives, partners, investors and people in general. From the viewpoint of outcasts, straightforwardness can be characterized essentially as the apparent nature of purposefully shared data from the enterprise.
The material resourcces are the Focus of the conversion
Conversion process is the process where the raw material resources such as fossil Oil turned into usable product such as gasoline. Which why is why material resources became the focus of conversion process in every refining companies
