The use of formal committees, training, and codes of conduct help to ensure standards of

Before prorating the manufacturing overhead costs at the end of 2016, the Cost of Goods Sold and Finished Goods Inventory had ap

podryga [215]

Answer:

Cost of Goods Sold will decrease by $2,679 after proration.

Explanation:

Under-applied or over applied overhead:

= Overhead incurred - Overhead applied

= $76,000 - $79,700

= (-$3,700)

Therefore, the Cost of Goods Sold after the proration:

= (over applied overhead × Overhead applied to COGS) ÷ Total overhead applied to cost of goods sold and finished goods

= ($3,700 × $57,700) ÷ ($57,700 + $22,000)

= $213,490,000 ÷ $79,700

= $2,679

Hence, the Cost of Goods Sold will decrease by $2,679 after proration.

3 0

3 years ago

Groups such as the Ku Klux Klan have been determined by the Courts to be religious organizations, and as a result an employer mu

NARA [144]

Answer: False

Explanation:

Title VII of the Civil Rights Act of 1964 expressly forbids the discrimination of groups based on race which is what the Ku Klux Klan stands for.

As a result, the employer does not have to accommodate the employee's deeply held beliefs if they will cause a violation of Title VIII in the operations of the company.

4 0

3 years ago

Cranston wants a Settlement Option for his beneficiary that will guarantee the beneficiary an income as long as the beneficiary

9966 [12]

Answer:

sry i don't have this questions answers

6 0

3 years ago

Four financial statements are usually prepared for a business. The statement of cash flows is usually prepared last. The retaine

riadik2000 [5.3K]

Answer:

a) I, RES, B

Explanation:

Mainly there are four types of financial statements i.e Income statement, statement of retained earning, balance sheet and the cash flow statement

In the income statement, the total revenues and the total expenses are recorded.

If the total revenues are more than the total expenditure then the company earns net income .And, If the total revenues are less than the total expenditure then the company have a net loss

This net income or net loss would reflect in the statement of the retained earning account.

The statement of retained earning represent the beginning balance, net income or net loss and dividend amount. These items are used to calculate the ending balance of the retained earning account.

In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below:

Total assets = Total liabilities + stockholder equity

The debit and credit side of the balance sheet should always be equal and balanced.

Moreover, it always is prepared on the specified date.

The cash flow statement involves three activities i.e operating, investing and the financing activities

1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.

2. Investing activities: It records those activities which include purchase and sale of the fixed assets

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.

Hence, option a is correct

4 0

3 years ago

Who is better off: a person using credit cards or a person refraining from any loans?

PIT_PIT [208]

<span>Who is better off: a person using credit cards or a person refraining from any loans? A person using credit cards is better off </span>from a person refraining from any loans. A person using credit can often purchase more and have more flexibility with their money over someone who only uses cash. There are items and services that do not take cash as a form of payment, so without a credit card the person can not make the purchase.

3 0

4 years ago