Can someone help me with
questions 1-3 please? Thanks
Homework Answers
1. Managerial accounting information pertains to the entity as a whole and is highly aggregated and is constrained by the requirements of generally accepted accounting principles. It is prepared only once in a year.
2.Identifing fixed and variable cost
Reason : cost are clasified based on behaviour as fixed, variable and mixed costs
3. Direct materials, direct labour and manufacturing overheads
Reason : In cost sheet manufacturing costs are arived by adding up of direct material,direct labour, direct expenses and manufacturing overheads.
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Can someone help me with
questions 1-3 please? Thanks
1.Managerial accounting information a. pertains to the...
PREGUNTA 1 Managerial accounting applies to each of the following types of businesses except service firms....
PREGUNTA 1 Managerial accounting applies to each of the following types of businesses except service firms. merchandising firms. manufacturing firms. Managerial accounting applies to all types of firms. Managerial accounting information pertains to the entity as a whole and is highly aggregated. pertains to subunits of the entity and may be very detailed. is prepared only once a year. is constrained by the requirements of generally accepted accounting principles.
Question 1 of 4 < > View Policies Current Attempt in Progress Managerial accounting information O...
Question 1 of 4 < > View Policies Current Attempt in Progress Managerial accounting information O is prepared only once a year. O pertains to subunits of the entity and may be very detailed. O pertains to the entity as a whole and is highly aggregated. O is constrained by the requirements of generally accepted accounting principles. e Textbook and Media Save for Later MacBook Ain Directing includes running a department under quality control standards universally accepted. developing a complex...
Managerial Internal (Inside) accounting information reports are generally prepared for A) Stockholders or Shareholders B) Creditors,...
Managerial Internal (Inside) accounting information reports are generally prepared for A) Stockholders or Shareholders B) Creditors, Lenders, or Banks C) Managers. D) Regulatory Agencies, like the IRS or SEC Which of the following is NOT an Internal User of the Financial Statements? A) Creditor or Lender or Bank B) Department Manager C) Controller D) Treasurer The work labor of Factory workers that can be physically and directly and conveniently associated with making Raw Materials (RM) into Finished Goods (FG) is...
========================= MANAGERIAL ACCOUNTING QUESTIONS Please answer ALL in DETAILS to get upvote Thanks!!! Question 3: Cost...
=========================
MANAGERIAL ACCOUNTING QUESTIONS
Please answer ALL in DETAILS to get upvote
Thanks!!!
Question 3: Cost terminology in manufacturing firms a) Direct materials include O only major materials and components O only raw materials such as steel and glass O all materials and components Direct labor includes O only managers who directly supervise the production process all production labor including supervisors and maintenance staff O only hourly production workers (aka assembly workers) Manufacturing overhead includes O both big items that...
can someone please help with this managerial accounting practice problem i cannot get the right answer....
can
someone please help with this managerial accounting practice
problem i cannot get the right answer.
Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per direct labor-hour $ 101, ee0 $595,900 3.e0 Recently, Job P951 was completed with the following characteristics: Number of units...
Chapter 18 Introduction to Managerial Accounting Directed Reading Guide Why is managerial accounting important? Identify as...
Chapter 18 Introduction to Managerial Accounting Directed Reading Guide Why is managerial accounting important? Identify as a focus of Managerial (M) or Financial (F) accounting: Primarily for internal users ______ Primarily for external users ______ Follows GAAP rules ______ Summary reports of the entire company ______ Concerned about how reports will affect employee behavior ______ Managers need information for? How are costs classified? Manufacturing (product) costs categories are: materials labor overhead __________________ combines direct materials and direct labor. __________________ combines...
Page 34 of 630 # troduction to Managerial Accounting E1-7 Calculating Missing Amounts For each of...
Page 34 of 630 # troduction to Managerial Accounting E1-7 Calculating Missing Amounts For each of the following independent cases (A through E), compute the missing values in the table: Prime Cost Conversion Cost Direct Materials Direct Labor Manufacturing Overhead Total Manufacturing Cost Case $ $1,500 ? 6,600 $ ? $ ? 11,500 8,000 $2,000 2,300 1,400 $3,500 7,200 ? 3,250 2,100 ? 9,400 6,200 mo 3,100 11,500 20,500 3,800 1-4 E1-8 Classifying and Calculating Costs The following information is...
3. Managerial accounting information: 4 A. Is used mainly by external users. B. Can be used...
3. Managerial accounting information: 4 A. Is used mainly by external users. B. Can be used for control purposes but not for planning purposes. C. Involves gathering information about costs for planning and control decisibns. D. Is generally the only accounting information available to managers. E. Has little to do with controlling costs.
Part 1: Circle the correct term for completing each of the following sentences. 1. Accounting information...
Part 1: Circle the correct term for completing each of the following sentences. 1. Accounting information that is prepared in accordance with generally accepted accounting principles (GAAP) is called (financial managerial) aceounting. 2. Short-term actions for managing the day-to-day operations of the company are called operational strategic) planning. 3. The wages of assembly-line workers are considered a (product, period) cost. 4. Direct materials costs combined with direct labor costs are called (prime conversion) costs. 5. An example of a factory...
can someone please help me with this managerial accounting problem i do not understand the process...
can
someone please help me with this managerial accounting problem i do
not understand the process to find the answer?
Fleurant, Inc., manufactures and sells two products: Product W2 and Product P8. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below. Expected Production 400 Direct Labor-Hours Per Unit Product W2 Product P8 Total direct labor-hours Total Direct Labor-Hours 1.600 1,600 3, 2ee Bee The direct labor rate...
PREGUNTA 1 Managerial accounting applies to each of the following types of businesses except service firms. merchandising firms. manufacturing firms. Managerial accounting applies to all types of firms. Managerial accounting information pertains to the entity as a whole and is highly aggregated. pertains to subunits of the entity and may be very detailed. is prepared only once a year. is constrained by the requirements of generally accepted accounting principles.
Question 1 of 4 < > View Policies Current Attempt in Progress Managerial accounting information O is prepared only once a year. O pertains to subunits of the entity and may be very detailed. O pertains to the entity as a whole and is highly aggregated. O is constrained by the requirements of generally accepted accounting principles. e Textbook and Media Save for Later MacBook Ain Directing includes running a department under quality control standards universally accepted. developing a complex...
=========================
MANAGERIAL ACCOUNTING QUESTIONS
Please answer ALL in DETAILS to get upvote
Thanks!!!
Question 3: Cost terminology in manufacturing firms a) Direct materials include O only major materials and components O only raw materials such as steel and glass O all materials and components Direct labor includes O only managers who directly supervise the production process all production labor including supervisors and maintenance staff O only hourly production workers (aka assembly workers) Manufacturing overhead includes O both big items that...
can
someone please help with this managerial accounting practice
problem i cannot get the right answer.
Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per direct labor-hour $ 101, ee0 $595,900 3.e0 Recently, Job P951 was completed with the following characteristics: Number of units...
Page 34 of 630 # troduction to Managerial Accounting E1-7 Calculating Missing Amounts For each of the following independent cases (A through E), compute the missing values in the table: Prime Cost Conversion Cost Direct Materials Direct Labor Manufacturing Overhead Total Manufacturing Cost Case $ $1,500 ? 6,600 $ ? $ ? 11,500 8,000 $2,000 2,300 1,400 $3,500 7,200 ? 3,250 2,100 ? 9,400 6,200 mo 3,100 11,500 20,500 3,800 1-4 E1-8 Classifying and Calculating Costs The following information is...
3. Managerial accounting information: 4 A. Is used mainly by external users. B. Can be used for control purposes but not for planning purposes. C. Involves gathering information about costs for planning and control decisibns. D. Is generally the only accounting information available to managers. E. Has little to do with controlling costs.
Part 1: Circle the correct term for completing each of the following sentences. 1. Accounting information that is prepared in accordance with generally accepted accounting principles (GAAP) is called (financial managerial) aceounting. 2. Short-term actions for managing the day-to-day operations of the company are called operational strategic) planning. 3. The wages of assembly-line workers are considered a (product, period) cost. 4. Direct materials costs combined with direct labor costs are called (prime conversion) costs. 5. An example of a factory...
can
someone please help me with this managerial accounting problem i do
not understand the process to find the answer?
Fleurant, Inc., manufactures and sells two products: Product W2 and Product P8. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below. Expected Production 400 Direct Labor-Hours Per Unit Product W2 Product P8 Total direct labor-hours Total Direct Labor-Hours 1.600 1,600 3, 2ee Bee The direct labor rate...
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