User Account

All Pages

Demonstrate which the journal entry would include

Assignment Help Managerial Accounting
Reference no: EM132758872

Problem 1: When the actual direct labor hours are less than the standard direct labor hours allowed for the actual output of the period, the journal entry would include

a. Credit to wages payable, credit to labor efficiency variance
b. Credit to work in process, credit to labor efficiency variance
c. credit to wages payable, debit to labor efficiency variance
d. credit to work in process, debit to labor efficiency variance

Reference no: EM132758872

Questions Cloud

Evaluate how many units sold to achieve a target profit : Evaluate how many units must be sold to achieve a target profit of $5,000? Oslo Company prepared the following contribution format income statement
Impact on the financial system : The role of credit rating agencies and their impact on the financial system
Wacc based on the current capital structure : XYZ limited has the following capital structure equity share (200,000 share) Rs. 4,000,000
What is the total rate of return on the bond : Consider a bond paying a coupon rate of 10% per year semiannually when the market interest rate is only 4% per half-year. The bond has three years until maturit
Demonstrate which the journal entry would include : When the actual direct labor hours are less than the standard direct labor hours allowed for the actual output of the period, the journal entry would include
Explain the concept of efficient frontier : Explain the concept of Efficient Frontier. CML
What projects will be undertaken if there is no lending : If they do borrow from and lend to each other, what projects will be undertaken and what will the interest rates be?
Calculate the cost of the property on initial recognition : Calculate the cost of the property on initial recognition and explain why some of the items mentioned above are not capitalized and explain how they should be
How should the change of inventory valuation basis be : In applying the principle of comparability, how should the change of inventory valuation basis be accounted for? The change should be disclosed.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Find what number of additional rooms must hunderland sell

Find what is the number of additional rooms must Hunderland sell beyond the breakeven point to reach the desired profit level of $80,000?

  Impairment and how impairment testing will impact the firm

Discusses the motivation for using a qualitative test for impairment? Discusses how impairment testing will impact the firm and users of financial statements

  Which would not be part of the selection criteria

When selecting new suppliers, which would not be part of the selection criteria? Supplier performance history. /Communication systems

  Evaluate investment opportunities payback period

Explain the methods that companies can use to evaluate investment opportunities Payback Period, the Accounting Rate of Return (ARR)

  How do determine the return on investment is

The minimum acceptable return on investment is 10%; operating income is $30,000; and sales are $400,000. The return on investment is

  Calculate the expected contribution margin

Calculate the expected contribution margin for 2019 based on sales of 1,200 ladders. Briggs International manufactures aerial ladders for industrial use.

  Evaluate a purchasing departments performance

Determine whether to lend to a company. Evaluate a purchasing departments performance. Report financial performance to board of directors.

  Compute the maximum income from operations possible

Determine the maximum income from operations possible with the expanded plant. Enter the final answer rounded to the nearest dollar.

  Explain the need to allow for external considerations

Explain the need to allow for external considerations in performance management. External considerations in performance management

  Find company manufacturing overhead cost for the year was

61,700 direct labor-hours during the year and incur $444,240 of manufacturing overhead cost. The company's manufacturing overhead cost for the year was

  Evaluate the firm pricing policy

Use activity-based costing to estimate the cost of preparing A wage and salary tax return and A business tax return. evaluate the firm's pricing policy

  Analyses the performance of the us-company coca cola

Written essay for Management Accounting & Control course. Each team analyses the performance of the US-Company Coca Cola based on the traditional performance measurement and the EVA - concept.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd