Discuss the role of cost accounting in relation to various department in organisation.

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Q: Use the following information for the Quick Study below. (Algo) (11-14) Skip to question   [The…

A: Businesses value their stock using the cost flow assumption known as LIFO (last-in, first-out),…

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A: According to the given question, we are going to compute three sub-parts of this question. Material…

Q: On December 31, 2020, Berclair Inc. had 440 million shares of common stock and 3 million shares of…

A: Diluted earnings per share (diluted EPS) is calculated under the assumption that all convertible…

Q: Compute the expected ROI in 2022 for the Home Division, assuming the following independent changes…

A: The question requires the revised ROI as per the independent situations given. Increase in numerator…

Q: When should the final report from an external auditor be issued?   After interim reports During the…

A: Introduction: An external auditor is a public accountant who does audits, reviews, and other…

Q: Radar Company sells bikes for $500 each. The company currently sells 4,150 bikes per year and could…

A: The special offer is accepted by business only if it increases the profits of the company.…

Q: Del Gato Clinic's cash account shows a $14,089 debit balance and its bank statement shows $13,053 on…

A: Journal entry of above transaction are as follows

Q: Which of the following statements is true? Oa. A one-time election is available to taxpayers 55…

A: A one-time election is available to taxpayers 55 years of age or older which allows them to sell…

Q: accounts receivable

A: Account receivable refers to the process of payment that the company should receive from the…

Q: Question 1 The following information represent Mooncake Corporation RM 3,549,000 179,000 911,000…

A: Assumption :—  All Sales are on Credit. Current Assets includes Marketable securities.

Q: There are 44 employees working for Segura Corporation. They are paid every second Monday for 10…

A: The journal entries are prepared to record the day to day transactions on regular basis. The…

Q: please solve last part.     Eddie borrows $1000. To repay the amount she makes 12 equal monthly…

A: The main two components of Mortgage payments are principal and interest. The principal is the amount…

Q: Does the reporting relationship results in a problem of independence of the internal audit depa

A: Reporting relationship is the term which is defined as the accountability structure within the firm…

Q: 1.compute the amount of goodwill acquired 2.Record the acquisition in a financial statements model.…

A: Goodwill :- Goodwill means reputation, image, credit, value & Demand of the Company in the…

Q: i. 3 iv. vi. vii. (b) Categorize each transaction in Table Q4(a) as either an addition (+) or…

A: The investing activities under a cash flow statement show the cash flow in a transaction that…

Q: Jan 1, 2021 Beginning Inventory 80 units at $8 Jan 11, 2021 Purchases 65 units at $10 Jan 23, 2021…

A: FIFO method (First in first out) : Under FIFO method, inventory that is purchased first is sold…

Q: [The following information applies to the questions displayed below.] NewTech purchases computer…

A: Straight line method of depreciation (Cost of asset - salvage value) / useful life   Depreciation…

Q: Sweeney & Allen, a large marketing firm, adjusts its accounts at the end of each month. The…

A: Journal Entry: Journal entries contain all the information about the transaction. They are the…

Q: Dulang Sdn. Bhd. is a manufacturer that uses the First in First out (FIFO) process costing method to…

A: The equivalent units are calculated on the basis of percentage of the work completed during the…

Q: What is the cycle approach to auditing and what are the advantages of dividing the audit into…

A: Answer:-  Cycle approach to auditing:- An audit cycle approach can be defined as the accounting…

Q: Required: 1. Complete the following table. 2. Suppose Sandy Bank sells its canoes for $580 each.…

A: Variable Cost :- Variable Cost which is Varry per unit Basis. Per unit Cost is same. Variable cost…

Q: Zachary Company makes and sells lawn mowers for which it currently makes the engines. It has an…

A: The maximum price per unit that Zachary would be willing to pay for the engines would not include…

Q: A machine was purchased for $7,000, terms 2/10, n/60, FOB vendor's factory. The invoice was paid…

A: Given that, Cost of machine = $7,000  Trade discount = $7,000 * 2% = $140  Freight charges = $175…

Q: September bank statement, he noticed there were a

A: A bank reconciliation statement is not a part of Book keeping but is a method to ensure that there…

Q: Wiredcard AG Scandal

A: Wiredcardscandal refers to the scandal of accounting results in the wiredcard insolvency of a…

Q: Write off the $3,890 of accounts receivable due from Jacob Marley. If an amount box does not require…

A: The direct-write off method mean writing off a bad debt expense directly against the corresponding…

Q: The financial statements of Persimmon Company include the following items:   20X9 20X8       Cash…

A: The ratio analysis helps to analyse the financial statements of the business on basis of various…

Q: 1. Pantok Manufacturing, most recent income statement follows: Total P208,000 144,000 Sales (8,000…

A: The contribution margin income statement indicates the excess of revenue over the variable expenses…

Q: Mullins Corp., a start‑up company, uses the accrual accounting method. In Year 1, Mullins provided…

A: When a good or service is provided to a consumer with the expectation that money will be paid later,…

Q: A business organisation has a working capital ratio of 3:1. Explain whether is an acceptable ratio…

A: Working Capital Working Capital which is considered to be important part in the business entity…

Q: Prepare a balance sheet and a statement of cash flows for the year 1 accounting period

A: Cash Flow Statement :- Cash flow Statement explain the reason of change in the cash & cash…

Q: Rent paid for 8 months upto 28th February 2019 amount to 32000 since then rent increase by 20% the…

A: Expense- An expense is a cost of operations that a business incurs to generate revenue. The term…

Q: Hamid Ltd produces two products – shoes and belts. At present the company uses absorption costing,…

A: Activity-based costing system is “a technique of cost attribution to cost units on the basis of…

Q: A company's total owner's equity at the start of the year was P400,000. The company produced a net…

A: Debt seems to be something, usually money, borrowed by one party from another. Many businesses and…

Q: Blossom Timber Corporation uses a machine that removes the bark from cut timber. The machine is…

A: The management most of the time faces difficulty in deciding whether to replace the old machine with…

Q: Prepare the Cash Flows from (used for) Operating Activities section of the statement of cash flows,…

A: Operating cash flow (OCF) refers to the amount of cash flow (CF) generated by the company during a…

Q: Easy Bhd recently purchased a new lensmeter to measure a patient's refractive error, and to…

A: The question relates to those items of expenses which are incurred during acquisition of property,…

Q: matics Incorporated manufactures flat-screen television sets. The company’s contribution format…

A: Lets understand the basics. Contribution margin margin generated from sales after deducing variable…

Q: Refer to the original data, if the lunch and snack expenses increase by 20% due to increasing price…

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Q: At December 31, Rolison Consulting’s financial records show the following selected account…

A: Introduction: Retained profits are an important topic in accounting. The term refers to a company's…

Q: ear ends on June 30. Journalize the following transactions for Sunset Industries, including an e of…

A: Bond : It is the certificate given to the debenture holders against the loan taken by the company by…

Q: If a company purchases equipment on account:   Multiple Choice   Assets will increase and owners'…

A: Accounting Equation :- it is also known as balance sheet equation, Represent the relationship…

Q: During February 2019, the following occurred in the business of Kutako Trading, a general dealer: 1…

A: The business transactions effect two or more accounts of the business at one time. The accounting…

Q: BALANCE SHEET EXCEL ACTIVITY Directions: Create a Balance Sheet using Microsoft excel given the…

A: The balance sheet does not include items belonging to the income statement excluding certain items.…

Q: A few years ago, Amazon purchased Whole Foods. Everyone was surprised that Amazon would want to get…

A: Acquisition happen when the business gains the control over the another entity and it is generally…

Q: Exercise 9-5 Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus…

A: The Depreciated cost of a fixed asset is its value less the total cumulative depreciation that has…

Q: Jan 1, 2021 Beginning Inventory 80 units at $8 Jan 11, 2021 Purchases 65 units at $10 55 units at…

A: FIFO stands for First in First out and LIFO stands for Last in First out. Using FIFO method, the…

Q: Harper Company lends Hewell Company $38,400 on March 1, accepting a four-month, 10% interest note.…

A: The adjustment entries are prepared at year-end to adjust the revenue and expenses of the current…