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Which of the following describes the differences between job-order and process costing?Job-order costing is used in financial accounting while process costing is used in managerial accounting.Job-order costing can only be used by manufacturers; service enterprises must use process costing.Job-order costing is voluntary while process costing is mandatory.Job-order costing traces costs to jobs while process costing traces costs to departments and averages the costs among the units worked on during the period.
accounting help begin inventory 36400 sales 241000 first purchase 80420 sales 601000 second purchase 75440 sales 551000
Which one of the following items is not necessary in preparing a statement of cash flows?
a self-employed person deposits 3000 annually in a retirement account called a keogh account that earns 8 percent.a.
Analysts use the quick ratio (also known as the acid test ratio) and the current ratio. The use of both ratios has become common because
avery inc. is a wholesale distributor supplying a wide range of moderately priced sporting equipment to large chain
flecks standard quantities for 1 unit of product include 2 pounds of materials and 1.5 labor hours.the standard rates
The infrastructure has a basis of $400 million and would be depreciated over a 40 year life, if depreciation were charged. The amount that would be shown as expense in the Statement of Activities would be:
You have been running a sole-proprietorship business dealing in cosmetic products. You have been accurately recording all your sale and purchase transactions in journals and using the journals in the general ledger accounts.
shulas 347 grill has budgeted the following costs for a month in which 1600 steak dinners will be produced and sold
techuxia corporation worked on four jobs during october job a256 job a257 job a258 and job a260. at the end of october
In August, Gold Company sold 770 units of their only product. For the month, fixed costs were $10,400, variable costs were 57% of sales, and the average sales price was $62.
valley companys adjusted trial balance on august 31 2013 its fiscal year-end follows.merchandise
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