Lewis and Stark is a public accounting firm that offers two primary services, auditing and tax-return preparation. A controversy has developed between the partners of the two service lines as to who is contributing the greater amount to the bottom line. The area of contention is the assignment of overhead. The tax partners argue for assigning overhead on the basis of 40% of direct labor dollars, while the audit partners argue for implementing activity-based costing. The partners agree to use next year's budgeted data for purposes of analysis and comparison. The following overhead data are collected to develop the comparison. Estimated Use of Cost Drivers per Service Estimated Use of Cost Drivers Activity Cost Pools Cost Drivers Estimated Overhead Audit Tax Employee training Direct labor dollars $213,000 $1,775,000 $1,196,000 $579,000 Number of reports/forms 76,400 1,700 Typing and secretarial Computing 2,500 60,000 800 27,000 Number of minutes 193,200 33,000 Facility rental Number of employees 146,000 40 22 18 Travel Per expense reports 81,400 Direct 56,000 25,300 $710,000 Using activity-based costing, prepare a schedule showing the computations of the activity-based overhead rates (per cost driver). (Round overhead rates to 2 decimal places, e.g. 12.25.) Estimated Overhead Activity Cost Pools Expected Use of Cost Drivers per Activity Activity-Based Overhead Rates Employee training $ $ Direct labor dollars $ per DL dollar Typing and secretarial Reports/forms $ per report/form Computing Minutes per minute Facility rental Employees per employee Travel Direct $ $ $ Direct
Previous question

The demand curve that each firm must deal with will become more elastic as the industry's number of businesses increases. Therefore, monopoly power will gradually wane.

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Answer:

D) a tax credit.

Explanation:

Answer:

Business objectives are something which a business organisation wants to achieve or accomplish over a specified period of time. These may be to earn profit for its growth and development, to provide quality goods to its customers, to protect the environment, etc.

Answer:

Business objectives are something that a business organization wants to achieve or accomplish over a specified period of time.

Explanation:

These may be to earn profit for its growth and development, to provide quality goods to its customers, to protect the environment, etc.

Answer:

Dr Cash $6,790

Dr Sales discount $210

Cr Accounts Receivable $7,000

Explanation:

Cost of goods sold by Landon Jewelers is $7,000

The cost is subject to 3/15, n/30 meaning that 3% will discount will be applicable if payment is made in 15 days. Where the balance is not paid within 15 days, it must however be paid within 30 days.

Since payment was made to Landon Jewelers within the 15 days grace, 3% deduction will be applicable to the payment.

Therefore Sales discount would be ;

= $7,000 × 3%

=$210

Balance paid in cash would be;

=$7,000 - $210

=$6,790

Journal entry for cost of goods sold would be;

Dr Cash $6,790

Dr Sales discount $210

Cr Accounts Receivable $7,000

Sales discount is an expense hence debited while the whole amount is credited to accounts receivable.

Option 2, is one of the important goals in product development, because it represents the fundamental aim of the production of a particular good, since the better the good, the higher the demand, thereby increasing sales.

What are sales?

Sales refers to a transaction between two or more parties that involves the exchange of  goods which could either be tangible or not, rendering of services,  for money. Cash is either paid to a seller, or an asset can be given.

in essence, sales is represents a contract between a seller of a particular good or service and a buyer who is in need of the good or service, and is willing to pay for that good or service.

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Oracle Corporation reported a bad debt expense of $8 million for the year.

Based on the information provided in the 2017 Form 10-K of Oracle Corporation, the bad debt expense for the year can be calculated by considering the changes in the allowance for doubtful accounts.

To calculate the bad debt expense, we need to determine the net change in the allowance for doubtful accounts.

1. Starting with the balance in the allowance at the beginning of the year: $327 million.
2. Subtracting the accounts written off during the year: $137 million.
3. Ending with the balance in the allowance at the end of the year: $319 million.

To calculate the net change in the allowance for doubtful accounts, we subtract the beginning balance from the ending balance: $319 million - $327 million = -$8 million.

Since the net change in the allowance is negative, it means that the allowance for doubtful accounts decreased during the year.

Therefore, the bad debt expense for the year would be the absolute value of the net change in the allowance, which is $8 million.

In conclusion, Oracle Corporation reported a bad debt expense of $8 million for the year.

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Oracle Corporation reported a bad debt expense of $129 million for the year.

To determine the bad debt expense for the year, we can use the formula:

Bad Debt Expense = (Allowance for Doubtful Accounts at the End of the Year) - (Allowance for Doubtful Accounts at the Beginning of the Year) + (Accounts Written Off during the Year)

Given the information provided:

Allowance for Doubtful Accounts at the beginning of the year = $327 million

Accounts written off during the year = $137 million

Allowance for Doubtful Accounts at the end of the year = $319 million

Using the formula:

Bad Debt Expense = ($319 million) - ($327 million) + ($137 million)

Bad Debt Expense = $129 million

Therefore, Oracle Corporation reported a bad debt expense of $129 million for the year.

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People often demand for goods. The type and quantity of each type of direct material needed to complete a unit of product is listed on the A bill of materials.

A bill of materials is known to contains;

Direct materials costs are known to be recorded on the job cost sheet when the materials are issued to the specific job.

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Answer:

what the question.....

Answer:

sis what

Explanation:

tas it

Note that a decrease in the cost of memory chips will shift the supply curve to the right, leading to an increase in the quantity supplied and a decrease in the price of computers.

On the other hand, the imposition of a $100 tax will shift the supply curve to the left, reducing the quantity supplied and increasing the price of computers. As a result, the price of computers will decrease in the first case and increase in the second case.

In economics, the equilibrium price is the price at which the quantity of a good or service supplied is equal to the quantity demanded by consumers.

When the cost of memory chips decreases, there will be an increase in the supply of personal computers, as it becomes cheaper for manufacturers to produce them.

This shift in supply will cause the price of personal computers to decrease, reaching a new equilibrium price at which the quantity supplied equals the quantity demanded.

On the other hand, if the government levies a $100 tax on personal computers, this will increase the price for consumers, causing a decrease in demand.

The shift in demand will cause the price to increase, reaching a new equilibrium price at which the quantity supplied equals the quantity demanded.

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The roles of spokesperson, leader, and resource allocator are critical for managers in non-profit organizations.

The four main areas of planning, organizing, leading, and controlling are how management gurus have divided up management's tasks. The management of nonprofits requires special attention to each area.

The nonprofit industry, by definition, works toward humanitarian ends. Because they lack formal hierarchies and managerial structures, many nonprofit organizations are loosely structured and frequently volunteer-driven.

Middle managers are essential for fostering innovation and empowering businesses to adapt quickly to changing conditions. a manager who is in charge of a certain project at work that brings together staff from different levels and functions of the company.

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An entity will be compelled to prepare consolidated financial statements even if it holds less than 50% of the ordinary shares of another company when it has significant control or influence over the financial and operational policies of the other company.

In accounting, the preparation of consolidated financial statements is required when an entity has control or significant influence over the financial and operational policies of another company, regardless of the percentage of shares owned. Control or significant influence can be established through various means, such as holding significant voting rights or having the ability to appoint key management personnel. Under certain circumstances, even if an entity holds less than 50% of the ordinary shares of another company, it may still have significant control or influence over that company's operations. This can arise from contractual agreements, joint ventures, or other arrangements that grant the entity substantial decision-making power or the ability to direct the financial and operational activities of the other company. The purpose of preparing consolidated financial statements is to provide a comprehensive view of the financial position, performance, and cash flows of a group of companies as if they were a single economic entity. This allows stakeholders to assess the overall financial health and performance of the group, including the entity and its subsidiaries, and make informed decisions based on the consolidated information.

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With an adoption of a data processing tool,Taylor gathered and generate all the reports quickly.

Data Processing tool is any software tool that helps to arrange

scattered,raw and  unprocessed documents( text file data, excel file

data, images, audio clips, video clips etc) into a structured, readable and

useable data that can be stored and retrieved easily.

Different types of data processing tools for different reports or

management exist and some of them  include:

Taylor can therefore gather and generate his reports using a good data processing tool like Excel or Fine report software.

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a. The predetermined overhead application rate for absorption costing purposes during 2019 is $11.88 per machine hour.

b. The cost per pair of shoes made during May is approximately $7.50.

a. To calculate the predetermined overhead application rate, divide the estimated manufacturing overhead by the estimated machine hours:

Predetermined overhead application rate = Estimated manufacturing overhead / Estimated machine hours

Predetermined overhead application rate = $354,860 / 29,860 machine hours

Predetermined overhead application rate = $11.88 per machine hour

Therefore, the predetermined overhead application rate for absorption costing purposes during 2019 is $11.88 per machine hour.

b. To calculate the cost per pair of shoes made during May, we need to consider the raw materials cost, direct labor cost, and the overhead applied based on machine hours.

Cost per pair of shoes = (Raw materials cost + Direct labor cost + Overhead applied) / Number of pairs of shoes made

Raw materials cost = $6,800

Direct labor cost = $9,950

Overhead applied = Predetermined overhead application rate x Number of machine hours worked

Number of machine hours worked = 740

Overhead applied = $11.88 x 740 machine hours

Cost per pair of shoes = ($6,800 + $9,950 + ($11.88 x 740)) / 3,400 pairs of shoes

Now, let's calculate:

Cost per pair of shoes = ($6,800 + $9,950 + $8,755.20) / 3,400 pairs of shoes

Cost per pair of shoes = $25,505.20 / 3,400 pairs of shoes

Cost per pair of shoes ≈ $7.50

Therefore, the cost per pair of shoes made during May is approximately $7.50.

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Answer:

It occurs when outside activities interfere with one's responsibilities to an employer

Explanation:

Conflict of commitment occurs when the commitment of an employer to a defined terms of employment is shared with other engagements, either personal or with other parties which could lead to a decline in efficiency due to loss of maximum concentration.

This may not necessarily involve monetary gain but has a whole lot of ways through which it can affect productivity as concentration is shared.

It is always good to define activities that constitute conflict of commitment right from the time of forming an employment contract so that an employee can be guided with it.

Answer:

B) confidence

Explanation:

Consumer confidence represents the level of optimism that consumers have on the general state of the economy. Consumer confidence is an expression of sentiments that the population has on the economic prospects in the country. The consumer confidence indicator is the metric used to measure consumer confidence.

High consumer confidence indicates that consumers are very optimistic about the prospects of the economy. When confidence is high, consumers tend to spend and invest more. With low confidence, consumers save more.

Worries about state's "financial-crisis" lay heavily on governor's mind.

In this context, "lay" is the correct verb to use to indicate that the worries are exerting a heavy burden or influence on the governor's mind. It implies a sense of weight or pressure.

The phrase conveys that the governor is deeply concerned and affected by the state's financial-crisis, indicating the significance and impact it has on her thoughts and decision-making processes.

The word "lay" emphasizes the weight and gravity of the worries, highlighting the mental and emotional strain experienced by the governor.

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Answer:

Yes

Explanation:

because it is and of course its is ask googel

Answer:

Save

Measure

Notes

Services

Money

Barter

Swapped

Forms

Answer: Sixty-eight percent of all adults said they would have covered the expense exclusively using cash, savings or a credit card paid off at the next statement. One in 9 even reported they wouldn't be able to cover a $400 emergency expense whatsoever

Explanation:

Answer:

I believe the answer that you're looking for is D

Explanation:

A mediating variable is a variable that explains the relationship between the independent variable (pre-college advising) and the dependent variable (outcomes for high school seniors). In a quantitative study exploring the effects of pre-college advising for high school seniors, the possible mediating variable could be students' motivation to pursue higher education.

The provision of pre-college advising may increase students' motivation to pursue higher education by providing them with information and guidance on the benefits of higher education, available options, and the application process. This increased motivation, in turn, may lead to better outcomes for high school seniors, such as higher rates of college enrollment, persistence, and completion.

Other possible mediating variables in this study could be students' self-efficacy, academic preparedness, and social support. These variables may also play a role in explaining the relationship between pre-college advising and outcomes for high school seniors.

Overall, identifying the mediating variable(s) in a quantitative study is important for understanding how and why a particular intervention (pre-college advising) is effective in achieving desired outcomes for the target population (high school seniors).

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Kareem, a college student, is most likely taking the Self-Directed Search test to identify suitable occupations based on his interests, skills, and personality traits. Thus answer C is correct.

College student Kareem is likely to have done the Self-Directed Search exam to determine the kind of jobs that might suit his interests, abilities, and personality. A test is a tool that is frequently used in career counselling and vocational assistance to assist people in discovering prospective career pathways that complement their skills and interests.

It is intended to give people who want to make educated decisions about their professional routes guidance and direction rather than to identify labour trends or evaluate cognitive skills. Kareem may learn more about his employment alternatives and make better choices for his future by taking the exam.

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Kareem, a college student, is likely finishing the occupation Self-Directed Search test to identify the careers that match his interests, skills, and personality. The right response is to c. locate appropriate employment.

Kareem, a college student, probably took the Self-Directed Search exam to see what kinds of professions could suit his interests, skills, and personality.

In order to help people identify potential career paths that complement their skills and interests, tests are widely employed in career counselling and vocational aid. Instead of identifying labour trends or assessing cognitive abilities, it is meant to provide counsel and direction to those who want to make informed decisions about their career paths. By taking the test, Kareem might learn more about his work options and decide on better options for his future.

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Answer:

c. Debit Purchases, Credit Pencil Point ltd

Explanation:

The journal entry for purchasing the goods from the Pencil point ltd on credit is given below;

Since the goods are purchased so here purchase account is debited and we credited the pencil point ltd

So, the journal entry is

Purchase Dr XXXX

          To Pencil Point ltd XXXX

(Being goods purchased on credit)

The purchase is debited as it increased the assets and pencil point ltd is credited as it also increased the liability

Answer: B. Prepare his taxes with using an electronic tax program.

Explanation: had this question and got it correct!

The correct answer is milk duds. Milk Duds are sold in a yellowish-orange box.

The Hershey Company manufactures a line of chocolate-covered caramel candy under the name Milk Duds. The treat is a caramel ball with a chocolate covering composed of cocoa and vegetable oil for confections.

The term "dud" was used because the candy's initial goal of having a spherical form wasn't feasible; the maker claims that the word "Milk" in the candy's name refers to the significant amount of milk in the product.

In 1928, the first Milk Duds were produced.

Hoffman & Company of Chicago made an attempt to create a sphere-shaped, chocolate-covered caramel confection in 1928. due to the fact that they were unable to achieve the spherical shape.

This is where "Milk Duds" got its name. The production of Milk Duds and Hoffman & Company were both acquired by Holloway in the same year.

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