Answer:
Jasmine recognize $1,940 this year if she uses the accrual method of accounting.
Explanation:
The Accrual or Matching Concept in accounting requires revenues and expenses to be recorded in the period i which they occur or incur.
The entry to record the receipt of payment is :
Cash $15,520 (debit)
Unearned Rental Income $15,520 (credit)
By the end of the year on 31 December, 4 months rent income starting September will have been earned and entries are as follows :
Unearned Rental Income $1,940 (debit)
Rental Income $1,940 (credit)
Rental Income calculation = $15,520 × 4 / 32
= $1,940
Answer:
D) increases in the outsourcing of labor
Explanation:
Globalisation is the process by which business develop operations internationally. It involves integration of people, business and governments.
Outsourcing of labor involve hiring of manpower outside an organisation to carry out some job functions.
Because of the variety of talent available globally, and the reduced overhead costs, more businesses are outsourcing job functions.
Answer:
$112,000
Explanation:
The computation of using activity based costing for overhead costs to activity cost pools is below:-
Factory utilities for processing
= $99,000 × 0.30
= $29,700
Factory utilities for Setting up
= $99,000 × 0.50
= $49,500
Factory utilities for others
= $99,000 × 0.20
= $19,800
Total = $99,000
Indirect Labor for processing
= $13,000 × 0.20
= $2,600
Indirect labor for setting up
= $13,000 × 0.30
= $3,900
Indirect labor for others
= $13,000 × 0.50
= $6,500
Total = $13,000
Overhead costs = $99,000 + $13,000
= $112,000
