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inna [77]
2 years ago
15

The cost reconciliation report has two sections: ""Costs to be accounted for"" followed by ""Costs accounted for"". The ""Costs

accounted for"" portion of the cost reconciliation report includes the cost of beginning work in process inventory and the cost of units transferred out. True or false?
Business
1 answer:
lord [1]2 years ago
7 0

Answer:

The correct answer is False.

Explanation:

At the end of the accounting period, monthly, annual or of any kind, a series of tasks of control and audit of costs are carried out in order to generate correct and compensated reports of the value of the inventories and send it to the finance department. Apart from the accounting tasks that transfer the value movements of individual products to exclusive accounting accounts, multiple reporting and monitoring functions and a special reconciliation tool are available for the auditors and cost control engineers responsible for this work. critical importance for the company.

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Refer to the table below. what is the cumulative budgeted cost at the end of week 6? amounts are in thousands of dollars.
12345 [234]
The cumulative budgeted cost at the end of week 6 is $100,000. The answer in this question whose are amounts are in thousand of dollars is $100,000. So, the cumulative budgeted cost at the end of the week 6 is $100,000.Cumulative budgeted cost or acronym of CBC is the amount that is budgeted in order to accomplish the work that was scheduled.
4 0
1 year ago
As the winter holiday season was approaching, Margie decided to give each team a window display or an indoor display to decorate
Flura [38]

Answer:

The answer is autonomy (Option D)

Explanation:

Autonomy in human resource management refers to the level or degree of discretion and freedom which an employee is permitted to exercise when performing his/her job.  In other words, it means granting employees the freedom on how to approach work.  

A manager or superior like Margie (in the question) who gives employees autonomy simply gives minimal instruction on what needs to be achieved but allows the employees to go about the job in ways that best suit them.

7 0
1 year ago
Banks that offer low interest rates to people with good credit
krek1111 [17]

The answer is: B. sacrifice profits for less risk.

Interest rates influence the amount of money that the borrower had to give back to the bank and  Higher interest rate would give higher profit for the bank.

When bank people give low interest rates for people with good credit, the number of revenue that bank would make from giving the loan would decrease. But people with good credit has high likelihood of returning the money they borrow, which mean that there is less risk for the bank.

3 0
2 years ago
Read 2 more answers
Samuel slips on an icy spot in front of an apartment and is hospitalized for three weeks. The owner of the apartment pays Samuel
andrey2020 [161]

Answer:

B) $1,800.

Explanation:

$14,000 in medical expenses are not part of Samuel's gross income.

$7,000 in disability payments are not included in Samuel's gross income because he paid the premiums.

$4,000 in pain and suffering compensation are not part of your gross income.

The only payments that are part of Samuel's gross income and therefore are taxed, are his regular monthly salary payments = $1,800. If Samuel's disability insurance premium had been paid by his employer, then the $7,000 would have been taxable.

8 0
2 years ago
Pablo Company has budgeted production for next year as follows: Quarter First Second Third Fourth Production in units 60,000 80,
KiRa [710]

Answer:

Budgeted purchases for second quarter is 165000 pounds

Explanation:

The per unit requirement of material A is 2 pounds.

We first need to calculate the closing inventory of Material A at the end of first quarter and at the end of second quarter.

<u />

<u>End of first quarter</u>

The closing inventory for First quarter should be enough to meet 25% production requirement for next quarter. 25% production requirement for second quarter is 40000 pounds.

Production requirement - Second quarter = 80000 * 2 = 160000

25% of 160000 = 40000 pounds

<u />

<u>End of second quarter</u>

The closing inventory for First quarter should be enough to meet 25% production requirement for next quarter. 25% production requirement for second quarter is 45000 pounds.

Production requirement - Second quarter = 90000 * 2 = 180000

25% of 180000 = 45000 pounds

Budgeted Purchase -Second quarter = Closing Inventory in pounds + production in pounds - Opening Inventory in pounds

Purchase requirement - First quarter = 45000 + 160000 - 40000 = 165000 pounds

5 0
2 years ago
Read 2 more answers
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