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dalvyx [7]
2 years ago
7

Which accounting principle states that a company should "report expenses in the same period as the revenue they help generate"?

Business
1 answer:
Inga [223]2 years ago
6 0

Answer:

Matching concept

Explanation:

Matching concept states that revenue and cost should be matched with each other in the period they relate.

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The Work in Process Inventory account had a beginning balance of $16,200 on April 1. During April, the cost of direct materials
zhenek [66]

Answer:

$28,700

Explanation:

We know that

Ending work in process inventory = Opening work in process inventory + total manufacturing cost - cost of finished goods manufactured

where,

Total manufacturing cost = cost of direct materials used + direct labor cost + overhead  cost

= $408,000 + $56,000 + $72,000

= $536,000

So, the ending work in process inventory would be

= $16,200 + $536,000 - $523,500

= $28,700

4 0
2 years ago
Tyler company has been approached by a new customer with an offer to purchase 6,000 units of its product kr200 at a price of $11
Lilit [14]
So tyler company gets new customer which purchase 20% of the production whcih company sales during business year with th 40% discount.
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2 years ago
Pharoah Company assembled the following information in completing its March bank reconciliation: Balance per bank $23700 Outstan
Natasha2012 [34]

Answer:

Pharaoh will reduce its cash balance by $1,130

None of the answer options was correct, maybe something was missing in the question like notes collected or other NSF checks.

Explanation:

Pharaoh Company's bank reconciliation:

balance per bank account   $23,700

- outstanding checks            ($4,800)

+ deposits in transit                 $7,750

<u>- NSF checks                            ($500) </u>

total                                        $26,150

<u>- cash balance per books    ($27,280)</u>

difference                               ($1,130)

In order to reconcile the bank account, we do not consider any bank service fees because they are already included in the bank balance. What we must consider are the NSF checks that we deposited and thought were good checks, but instead they bounced.

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1 year ago
Colorado traffic laws are revised each year by ?
Eduardwww [97]
C colorado general assembly
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This chart represents the desired employers for four different Manufacturing employees. Manufacturing Employees Interested in Wo
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I think the answer is A.

Gary should work in Manufacturing Production Process Development
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