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Alex17521 [72]
2 years ago
11

There are two acceptable methods for closing out any balances of under or overapplied overhead. One method involves allocation,

whereas the other closes any balance (if immaterial in amount) directly to:A) Finished Goods inventory.B) Cost of Goods Sold.C) Cost of Goods Manufactured.D) Work in Process inventory.
Business
1 answer:
Karolina [17]2 years ago
3 0

Answer:

B) Cost of Goods Sold.

Explanation:

Close the manufacturing overhead account agains Cost of goods sold

This method is done when the amount is  inconsequential. it is not important, it will not change havily the results and decision of the company.

   Overhead

<u>debit       credit    </u>

actual      applied

to close we will debit overhead and credit COGS (decreasing it)

when it was overapplied, as the applied cost was higher than actual cost.

If it was underapplied, we will credit overhead and debit COGS (thus, increasing it) to increase the applied cost up to the real cost.

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The key characteristic of organizational culture that addresses the degree to which people exhibit integrity and high ethical st
attashe74 [19]

Answer:

Integrity

Explanation:

Organizational culture consists of shared assumptions, values, and beliefs, which governs how people behave in organizations. These values determines how people behave in an organizational settings and there are different characteristics ranging from innovation, teamwork, stability etc. The main one that addresses degree people exhibit integrity and high ethical standards is Integrity.

8 0
2 years ago
What are some of the things many CTSOs do for their members? Check all that apply.
jarptica [38.1K]

Answer:

The correct answers would be option B and D, Provide hands on experience and connect students with experts.

Explanation:

CTSO stands for Career and Technical Students Organization. It is usually a non profit organization of career and technical students which are primarily based in schools or career technology centers. They are often integrated into departments of education on the state level. Their main purpose is to provide assistance and help to the students. They provide hands on experience to the students who want to flourish their career and technical skills before entering into the real markets. They also connect students with the experts of their fields who help them with their studies as well as with their careers.

6 0
2 years ago
Read 2 more answers
A purchasing consortium: Group of answer choices is a form of collaborative purchasing used only by the public sector to deliver
Anestetic [448]

Answer: consists of two or more independent organizations that combine requirements for materials, services and capital goods to gain better pricing, service and technology from suppliers.

Explanation:

Purchasing consortium is simply defined as an arrangement that involves collaboration which takes place between two or more organisations who join hands together in order to gain better prices and achieve terms which are favorable from their suppliers.

Purchasing consortium consists of two or more independent organizations that combine requirements for materials, services and capital goods to gain better pricing, service and technology from suppliers.

It should be noted that it's not only used by public institutions, therefore option A is incorrect. Purchasing consortium helps speed up the purchasing process.

8 0
2 years ago
To add a pie chart, first select the data to be charted and then tap or click the Insert Pie or Doughnut Chart button (INSERT ta
valina [46]

The given statement " To add a pie chart, first select the data to be charted and then tap or click the Insert Pie or Doughnut Chart button (INSERT tab | Charts group) " is TRUE

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A pie chart is a circular mathematical diagram separated into slices that display numerical proportions. The length of each piece in a pie chart is proportional to the amount it represents.

In other words, each piece of the pie is relative to the size of the party in its entirety. The whole pie is 100% whole, while the pie "slices" represent portions of the whole.

You must have a list of both the category (description of your categories) and numerical variables to construct a pie chart.

Tables can be hard to draw by hand, in particular for tricky numbers. The entire pie is 360 degrees, making drawing 13.9% or 56% difficult. With the range of computer programs, it is not really important that you can create pie charts.

6 0
2 years ago
Steve's basis in his SAW Partnership interest is $200,000 at the beginning of the tax year, including all adjustments. His alloc
LiRa [457]
This is true...........
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2 years ago
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