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If you work for a manufacturing business, these concepts will be critical for you to understand. This week's discussion focuses on the types of manufacturing costs and inventories, as well as the different types of costing systems. Please respond to all of the following prompts in the class discussion section of your online course: •In your opinion, why is accounting for a manufacturing business more complicated than accounting for a merchandising business? •Provide three examples each of materials, labor costs, and factory overhead. •Which type of manufacturing costing system would you implement? Why?
Similarities between manufacturing, non-manufacturing, serviced based businesses and not for profit organizations are.
The following selected amounts are available for Sanders Company. What is its ending retained earnings balance?
in step 1 net income before taxes was computed by multi plyingnet income of 33000000 by 100 and then dividing by 66000.
On Jan1, 2009, Nana Co. paid $100,000 for 8000 shares of Papa Co. common stock. These securities were classified as trading securities. The ownership in Papa Co. is 10%.
Differentiate between nonprofits and governments in regards to accounting for restricted funds. What are the potential reasons GASB issued a statement 54 clarifying the reporting and classification of funds for governmental accounting.
in all respects company a and company b are identical except that company as costs are mostly variable whereas company
what future technology and trends may affect the accounting profession? what changes in information technology will
An internal transfer between two divisions is in the best economic interest of the entire organization when:
To alleviate the overstocing of refrigertors at a Minneapolis retailer, some were reshipped to a Kansas City retailer where they were still held in inventory at Decmber 31,2009. Happlia paid the cost of this reshipment. Happlia use the specific id..
Required: prepare the consignment account in the books of consigner.
Maas Enterprises has $2,190,000 of 6 percent bonds outstanding. There is $40,000 of unamortized discount remaining on the bonds after the March 1, 2011, semiannual interest payment.
exacto company reported the following net income and dividends for the years indicated year net income dividends 20x5
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