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2 years ago

Where does the management accounting function fit into an organization's structure?

1 answer:

6 0

Management accounting is the process of measuring and analyzing financial and non-financial information that is relevant to the company. This is an important part of the Controller’s function in an organization since the Controller directly reports to the chief financial officer. The report contains pieces of information which contributes in making strategic decisions to achieve the goal of the organization.

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Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hou

Vlad [161]

Answer:

Total cost= $6,180

Explanation:

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (202,100/47,000) + 2

Predetermined manufacturing overhead rate= $6.3 per direct labor hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 6.3*100

Allocated MOH= 630

Finally, the total cost:

Total cost= 850 + 4,700 + 630

Total cost= $6,180

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2 years ago

Judi Pendergrass is an account representative at Ever Pharmaceuticals. She has a company car for customer visits, which she uses

scoundrel [369]

Answer: None

Explanation: The IRS commuting rule allows for business travel expenses to be deducted as business expenses but this does not apply to commuting expenses.

Business travel expenses include Judi driving the company car to customer's locations or using any other form of transportation to meet a client. It even covers travelling by plane to another state for the same purpose.

It however does not apply to travelling between home and work, this is a daily travel expense as you need to get to work anyway.

8 0

2 years ago

On January 2, year 5 Ral Co. leased land and a building from an unrelated lessor for a 10-year term. The lease has a renewal opt

nordsb [41]

Answer:

D) $14,000

Explanation:

Description Estimated life Cost Amortization per year

Sales office 10 years $47,000 $4,700

Warehouse 25 years $75,000 $7,500

Parking lot 15 years $18,000 $1,800

total $14,000

Even though the useful life or the warehouse and parking lot is longer than 10 years, since the lease contract is only for 10 years, then it must be depreciated in 10 years.

6 0

2 years ago

Sugarcane is vulnerable to the cane beetle, which can substantially reduce crop yields. Suppose that a new beetle‑resistant spec

Vanyuwa [196]

Answer:(1) Decrease (2) Increase (3) Decrease (4) Decrease (5) Not chanhe

Explanation: This tries to describe a free market economy,where price, quantity demanded and quantity supplied are influenced by the market forces. The improved productivity of the Sugarcane which is a major raw material for sugar production is increased,the cost of production of Sugarcane will decrease as productivity increases,the quantity supplied to the market will increase leading to decreased price for all sugar value chain. The price for Honey a sweetener will also decrease responding the increased demand for sugar but the price for textile will not change because it is not a substitute for sugar.

5 0

2 years ago

"If I didn't have class tonight, I would save the $4 campus parking fee and spend four hours at work where I earn $10 per hour."

Licemer1 [7]

Answer:

Opportunity cost will be $44

So option (d) will be the correct option

Explanation:

We have given that if he is not going to class then he save $4 of campus parking fee

And he work for 4 hours at rate of $10 per hour

So his total earning will be = 4×$10 = $40

Now we have to find the opportunity cost

Opportunity cost will be given by

Opportunity cost = Earning +saving = $40+$4 = $44

So option (d) will be the correct answer

7 0

2 years ago