1. which of the following is an allocation base commonly used under the traditional methods for allocation of overhead costs?
a. a number of batches.
b. direct labor-hours.
c. indirect materials.
d. number of customer orders.
2. all of the following are differences between abc and traditional absorption costing except
a. abc system may assign nonmanufacturing costs to products
b. abc allocates all manufacturing costs to products
c. abc system uses many cost pools
d. abc system may exclude some manufacturing costs, such as organization-sustaining costs
Answers: 2
Business, 22.06.2019 08:40
Gerda, a real estate agent, is selling a moderately priced house in a subdivision. she knows from her uncle that the factory being built half a mile from the subdivision will be manufacturing dog food, using a process that creates a very strong odor that permeates the surrounding neighborhood. a buyer, who is unaware of the type of factory under construction, makes an offer on one of the houses gerda is selling, and within a short time, the deal goes through. what does this scenario best illustrate?
Answers: 3
Business, 22.06.2019 10:20
Blue spruce corp. has the following transactions during august of the current year. aug. 1 issues shares of common stock to investors in exchange for $10,170. 4 pays insurance in advance for 3 months, $1,720. 16 receives $710 from clients for services rendered. 27 pays the secretary $740 salary. indicate the basic analysis and the debit-credit analysis.
Answers: 1
Business, 22.06.2019 15:20
Martinez company has the following two temporary differences between its income tax expense and income taxes payable. 2017 2018 2019 pretax financial income $873,000 $866,000 $947,000 (2017' 2018, 2019) excess depreciation expense on tax return (29,400 ) (39,000 ) (9,600 ) (2017' 2018, 2019) excess warranty expense in financial income 20,000 9,900 8,300 (2017' 2018, 2019) taxable income $863,600 $836,900 $945,700(2017' 2018, 2019) the income tax rate for all years is 40%. instructions: a. prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017, 2018, and 2019. b. assuming there were no temporary differences prior to 2016, indicate how deferred taxes will be reported on the 2016 balance sheet. button's warranty is for 12 months. c. prepare the income tax expense section of the income statement for 2017, beginning with the line, "pretax financial income."
Answers: 3
Business, 22.06.2019 21:00
Describe what fixed costs and marginal costs mean to a company.
Answers: 1
1. which of the following is an allocation base commonly used under the traditional methods for allo...
Mathematics, 23.10.2020 01:01
Chemistry, 23.10.2020 01:01
English, 23.10.2020 01:01
Physics, 23.10.2020 01:01
Mathematics, 23.10.2020 01:01
Computers and Technology, 23.10.2020 01:01
Mathematics, 23.10.2020 01:01
Mathematics, 23.10.2020 01:01
Social Studies, 23.10.2020 01:01
English, 23.10.2020 01:01
English, 23.10.2020 01:01
Biology, 23.10.2020 01:01
Medicine, 23.10.2020 01:01