User Account

All Pages

Write a paragraph elaborating on the justification provided

Assignment Help Managerial Accounting
Reference no: EM13934497

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 justintime (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: EM13934497

Questions Cloud

Find the internal rate of return : Find the internal rate of return (IRR) for the following series of future cash flows. The initial outlay is $744,700.
Calculate total number of atp molecules : Calculate total number of ATP molecules produced from one molecule of maltose. You will need to consider that first maltose will hydrolyze, then resulting glucose molecules will enter into glycolysis where ATP along with NADH molecules will be pro..
Saving account worth : You deposit $1,000 today in a savings account that pays 3.5% interest annually. How much will your savings be worth at the end of 25 years if you keep re-investing the interest at 3.5% annually?
Java interface construct to formally specify : What are the benefits we accrue by using a Java interface construct to formally specify the logical level of ADTs?Suppose we have a linked list of Strings, as defined in the textbook, named presidents. Suppose it contains three nodes, with the fir..
Write a paragraph elaborating on the justification provided : Write a paragraph elaborating on the justification provided by Suzette Barger.
Why is it important to identify relevant cash flows : Why is it important to identify relevant cash flows? What are the three main categories of free cash flows?
What are the disadvantages of issuing preferred stock : Preferred stock is not a common source of financing for most firms. However, it should be ignored as a potential source of capital. What is preferred stock and why is it beneficial to corporations? What are the disadvantages of issuing preferred stoc..
What makes chymotrypsin so much more specific : Chymotrypsin was able to hydrolyse the substrate N-benzoyl-L-tyrosine ethyl ester (BTEE) but not able to hydrolyse the substrate p-toluene sulphonyyl-L-arginine methyl ester (TAME).
Meta analysis-role of bicalutamide : A meta analysis is required on the topic below (the role of bicalutamide), the information is provided here in this file as 5000 words which can be used for analysis.also please get as much more data and information can be collected from your own ..

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Steve morgan controller for newton industries was reviewing

steve morgan controller for newton industries was reviewing production cost reports for the year. one amount in these

  Internal financial information is not available to the

internal financial information is not available to the public so we have to rely on external information for our

  Assume that switch uses the fifo method to account

Refer to the information in Problem 20-5B. Assume that Switch uses the FIFO method to account for its process costing system.

  Explain the four performance perspectives included

Adria Lopez's two departments, computer consulting services and computer workstation furniture manufacturing, have each been profitable

  Applying activity based costing

Applying Activity Based Costing

  Activity based costing of johnson and johnson

Recognize a product or service in your organization which could use ABC. You can as well use this technique for selling and administrative costs.

  Determine the variable cost per haircut

Determine the variable cost per haircut and the total monthly fixed costs - Compute the break-even point in units and dollars

  Purpose covers a range of important cost and management

purpose covers a range of important cost and management accounting topics. the main purpose of this assignment is to

  Should we expect its variable and fixed costs for this model

Should we expect its variable and fixed costs for this model to stay within the relevant range? Explain.

  Use a cost-benefit analysis to recommend to smith

Use a cost-benefit analysis to recommend to Smith whether Sun Gas should proceed with the Web-based ordering system. Give your reasons, showing supporting calculations.

  Golden corporation''s financial statements

1.Refer to Golden Corporation's financial statements and related information in Problem 16- 4A. In Problem 16- 4A, Golden Corp.,

  Bkfin provides banks access to sophisticated financial

bkfin provides banks access to sophisticated financial information and analysis systems over the web. the company

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