Answer:
Under a job-order system of cost accounting, the dollar amount of the general ledger entry involved in the transfer of inventory from work-in-process to finished goods is the sum of the costs charged to all jobs - The entry to transfer inventory from WIP to FG is to debit finished goods and credit work-in- process.
Explanation:
b. a cautious leader
c. a systems thinker
d. a pessimistic leader
Answer: A systematic thinker
Explanation: A systematic thinker is the one who understands, how one step in a process would impact the complete system as a whole. The main focus of systematic thinker is to understand different parts of the system and to make them work together.
In the given case, Hailey is trying to analyzer the impact of new range introduction on existing business operations.
Hence, we can conclude that option C is correct.
whether the capital gains are long term or short term and the dividends are qualified or nonqualified
B.
whether the capital gains are long term or short term and which company paid the dividends
C.
whether the capital gains are from the sale of a stock or a bond
D.
whether the investment was purchased individually or through a brokerage firm
The information that is necessary to calculate the after tax return on investment is whether the capital gains are long term or short term and which company paid the dividends.
This is a term that has to do with the profit that is made from a business venture after the tax amount has been calculated from the enterprise.
Businesses use this as a way of trying to determine the earnings that they have.
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#SPJ1
Answer:
B
Explanation:
You're welcome
b. liabilities are $42,000
c. liabilities are $57,000
d. liabilities are $98,000
Answer:
a. liabilities are $32,000
Explanation:
Note: In question part $75,000 shall represent equity, as there are only 3 parts of balance sheet assets, equity and liabilities, if assets are given liabilities is what we need to calculate the missing is equity.
Thus, $75,000 is treated as equity.
In that case we have,
Assets = Equity + Liabilities
$107,000 = $75,000 + Liabilities
Assets - Equity = Liabilities
$107,000 - $75,000 = Liabilities
$32,000 = Liabilities
Therefore, correct option is
a. liabilities are $32,000
Answer:
$35,000
Explanation:
net operating income under variable costing would be calculated by preparing income statement under variable costing.
Smith Company
income statement under variable costing system
Sales (7,500 x $40) $300,000
Less Cost of Sales (7,500 x $18) ($135,000)
Contribution $165,000
Less Expenses
selling and administrative expense ($4 x 7,500) ($30,000)
fixed overheads :
manufacturing ($80,000)
selling and administrative expense ($20,000)
Net Income $35,000
The net operating income under variable costing for Smith Company is $24,000.
The net operating income under variable costing can be calculated by subtracting the variable manufacturing cost per unit, variable selling and administrative expense per unit, and the total fixed manufacturing overhead and fixed selling and administrative expense from the total revenue.
Variable cost per unit = Variable manufacturing cost per unit + Variable selling and administrative expense per unit = $18 + $4 = $22
Total revenue = Selling price per unit × Number of units sold = $40 × 7,500 = $300,000
Total variable cost = Variable cost per unit × Number of units produced = $22 × 8,000 = $176,000
Total fixed cost = Fixed manufacturing overhead + Fixed selling and administrative expense = $80,000 + $20,000 = $100,000
Net operating income under variable costing = Total revenue - Total variable cost - Total fixed cost = $300,000 - $176,000 - $100,000 = $24,000
#SPJ3
1. Significant amount of Indirect costs are allocated using one or two cost pools.
2. All or most indirect cost identified as output level unit costs.
3. Products make diverse demands on resources because of differences in volume process steps, batch size.
4. Operations staff has substantial disagreements with reported costs of manufacturing and marketing products and services.
B. Functional departmentalization
C. Process departmentalization
D. Geographic departmentalization