Solution-Write a paragraph elaborating on the justification

Write a paragraph elaborating on the justification

Assignment Help Managerial Accounting

Reference no: EM13934570

At Star Plastics, the balance in manufacturing overhead (which represents over or under applied overhead) is always closed to Cost of Goods Sold. This is done even when the balance is relatively large. Suzette Barger, the controller, explains that this makes sense because Star uses a just in time (JIT) manufacturing system and jobs are shipped to customers within hours of being completed.

Required:

Write a paragraph elaborating on the justification provided by Suzette Barger. Why is there no need to apportion the balance in manufacturing overhead among work in process, finished goods, and cost of goods sold?

Reference no: EM13934570

Questions Cloud

How might you improve your listening skills going forward : How were your observations and experiences reflective of or contrary to research on active listening that you have found in professional literature? How might you improve your listening skills going forward

Prepare a project work on web applications development : Prepare a Research/Project Work on Web applications development and E-business and e-learning in the developing economies of the Asia Pacific.

What type of lease shows up on balance sheet of corporation : What is a sale and lease back and why would a corporation do this? Why might a lease be easier to finance (or do) than a straight borrowing for the purchase of an asset? Explain two reasons. When should the cancellation provision be negotiated (befor..

How nigeria was able to defeat the ebola virus disease : The Topic is "How Nigeria Was able to Defeat and Contain The Ebola Virus Disease. Providing background on the science of the disease, how it is contacted etc. and How the govt was able to contain it- contact tracing etc. "

Write a paragraph elaborating on the justification : Write a paragraph elaborating on the justification provided by Suzette Barger.

What is weighted average cost of capital : Martin Corporation is financed with 40% debt and 60% common equity. The after tax cost of debt is 10% and the cost of common equity is 14%. What is Martin’s weighted average cost of capital? Instead, assume that the restructuring is completed and Mar..

You are a self-employed profit-maximization consultant : You are a self-employed profit-maximization consultant specializing in monopolies. Five single-price, profit-maximizing monopolies are currently seeking your advice, and although the information they have supplied to you is incomplete, your expert kn..

Alternative forms of pain management : Discuss five alternative forms of pain management (not pharmacologic) and explain how they would help with your patient's pain. Please include relevance of the treatment and how it works on the human body.

Why plato thinks sense-perception is not true knowledge : Explain in your own words why Plato thinks sense-perception is not true knowledge, what Plato thinks true knowledge consists of, and whether you agree with his position or not

User Account

All Pages

Write a paragraph elaborating on the justification

Reference no: EM13934570

Reference no: EM13934570

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT