Evaluate which is correct in the statement

Assignment Help Managerial Accounting
Reference no: EM132552819

Question 1: Which of the following is correct?

Select one:

a. Overtime premiums should be treated as a component of Direct labour

b. overtime premium should be accounted for as a special type of loss.

c. Idle time should be treated as a component of manufacturing overhead.

d. Both "a" and "c" are correct

Reference no: EM132552819

Questions Cloud

How logan idea of tribal leadership : Reflect on how Logan's idea of Tribal Leadership may affect how to approach change.
ITECH1101 IT Problem Solving Assignment : ITECH1101 IT Problem Solving Assignment Help and Solution - Federation University, Australia - Assessment Writing Service
BUS-1170-D01 Introduction to Management Assignment : BUS-1170-D01 Introduction to Management Assignment Help and Solution, Lethbridge College - Assessment Writing Service
Discuss the need to study entire set of financial statement : Discuss the need to study an entire set of financial statements rather than focus in obsessively on one or two numbers such as net income.
Evaluate which is correct in the statement : Which of the following is correct?Overtime premiums should be treated as a component of Direct labour/overtime premium should be accounted for as a special type
Find what was carvelle fixed overhead volume variance : Find What was Carvelle's fixed overhead volume variance?The standards were set based on a capacity of 20 000 machine hours.
The importance of the urinary system : The importance of the urinary system. Why is it called Urine? Why is it sometimes called, the Renal System?
Evaluate what is the direct materials quantity variance : During February, Wissota Co. paid $57,220 for 4,840 pounds, which were all used to produce 2,400 units. What is the direct materials quantity variance?
Disadvantages or concerns related to breastfeeding : Explain at least 3 advantages and 3 potential disadvantages or concerns related to breastfeeding.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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!

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