Which of the following can be found on the income statements of both a manufacturing and...
Which of the following can be found on the income statements of both a manufacturing and service organization? A. revenues B. operating income C. administrative expenses D. all of these can be found on both.
Homework Answers
Option D
Explanation: All the elements are present in companies be it a manufacturing or a service company.
Add Answer to:
Which of the following can be found on the income statements of
both a manufacturing and...
Which of the following statements about the balance sheet is most correct? a. The balance sheet...
Which of the following statements about the balance sheet is most correct? a. The balance sheet provides information about the financial position of an organization as of a moment in time. b. The balance sheet provides detailed information about the assets, liabilities, equity, revenues, and expenses of an organization. c. The balance sheet is affected by changes in the net income of the organization. d. Statements a and c are both correct. e. Statements a, b, and c are all...
E Calculator Financial Statements of a Manufacturing Firm The following events took place for Sorensen Manufacturing...
E Calculator Financial Statements of a Manufacturing Firm The following events took place for Sorensen Manufacturing Company during January, the first month of Rs operations as a producer of digital video monitors a. Purchased $41,900 of materials. b. Used $32,300 of direct materials in production. c. Incurred $48,200 of direct labor wages. d. Incurred $67,900 of factory overhead. e. Transferred $112,700 of work in process to finished goods. f. Sold goods for $201.500. 9. Sold goods with a cost of...
8. The income statements for both merchandisers and manufacturers would include which of the following? A)...
8. The income statements for both merchandisers and manufacturers would include which of the following? A) operating expenses B) Direct labor incurred C) Direct materials used D) cost of goods manufactured
Accounting Concepts) > Weekly Quiz #1 (Chapter 1 and 2) Which of the following would not...
Accounting Concepts) > Weekly Quiz #1 (Chapter 1 and 2) Which of the following would not be found on an income statement of a service organization? Select one: a. operating income b. sales revenue cost of goods sold d. selling expenses Next pa nagement Accounting Concepts) > Weekly Quiz #1 (Chapter 1 and 2) Which of the following would not be found on an income statement of a service organization? Select one: a. operating income b. sales revenue C. cost...
Which of the following statements about the balance sheet is most correct? O The balance sheet...
Which of the following statements about the balance sheet is most correct? O The balance sheet provides information about the financial position of an organization as of a moment in time. O The balance sheet provides detailed information about the assets, liabilities, equity, revenues, and expenses of an organization. O The balance sheet is affected by changes in the net income of the organization. O Statements a. and c. are both correct. O Statements a, b, and c. are all...
Financial Statements of a Manufacturing Firm The following events took place for Digital Vibe Manufacturing Company...
Financial Statements of a Manufacturing Firm The following events took place for Digital Vibe Manufacturing Company during January, the first month of its operations as a producer of digital video monitors: a. Purchased $54,300 of materials b. Used $41,800 of direct materials in production. C. Incurred $62,400 of direct labor wages. d. Incurred $88,000 of factory overhead. e. Transferred $146,100 of work in process to finished goods. f. Sold goods for $261,200. g. Sold goods with a cost of $116,200....
Financial statements of a manufacturing firm The following events took place for Sorensen Manufacturing Company during...
Financial statements of a manufacturing firm The following events took place for Sorensen Manufacturing Company during January, the first month of its operations as a producer of digital video monitors: a. Purchased $230,000 of materials. b. Used $165,600 of direct materials in production. C. Incurred $414,000 of direct labor wages. d. Incurred $165,600 of factory overhead. e. Transferred $699,200 of work in process to finished goods. f. Sold goods for $1,104,000. g. Sold goods with a cost of $621,000. h....
Financial Statements of a Manufacturing Firm The following events took place for Digital Vibe Manufacturing Company...
Financial Statements of a Manufacturing Firm The following events took place for Digital Vibe Manufacturing Company during January, the first month of its operations as a producer of digital video monitors: Purchased $54,600 of materials Used $42,000 of direct materials in production. Incurred $62,800 of direct labor wages. Incurred $88,500 of factory overhead. Transferred $146,900 of work in process to finished goods. Sold goods for $262,600. Sold goods with a cost of $116,800. Incurred $67,200 of selling expenses. Incurred $29,500...
Which of the following statements is correct? A. Product costs for a merchandiser are expensed as...
Which of the following statements is correct? A. Product costs for a merchandiser are expensed as selling, general, and administrative expensed when the related unit is sold. B. Period costs are relevant for purposes of calculating Gross Profit on the Income Statement for a both a merchandiser and a manufacturer. C. Product costs for a manufacturer are categorized as either direct material, direct labor, or manufacturing overhead costs. D. All links in the value chain applicable to a service company...
Divisional Income Statements with Service Department Charges Yozamba Technology has two divisions, Consumer and Commercial, and...
Divisional Income Statements with Service Department Charges Yozamba Technology has two divisions, Consumer and Commercial, and two corporate service departments, Tech Support and Purchasing. The corporate expenses for the year ended December 31, 2017, are as follows: Tech Support Department $1,392,000 Purchasing Department 304,000 Other corporate administrative expenses 729,000 Total corporate expense $2,425,000 The other corporate administrative expenses include officers' salaries and other expenses required by the corporation. The Tech Support Department charges the divisions for services rendered, based on...
E Calculator Financial Statements of a Manufacturing Firm The following events took place for Sorensen Manufacturing Company during January, the first month of Rs operations as a producer of digital video monitors a. Purchased $41,900 of materials. b. Used $32,300 of direct materials in production. c. Incurred $48,200 of direct labor wages. d. Incurred $67,900 of factory overhead. e. Transferred $112,700 of work in process to finished goods. f. Sold goods for $201.500. 9. Sold goods with a cost of...
Accounting Concepts) > Weekly Quiz #1 (Chapter 1 and 2) Which of the following would not be found on an income statement of a service organization? Select one: a. operating income b. sales revenue cost of goods sold d. selling expenses Next pa nagement Accounting Concepts) > Weekly Quiz #1 (Chapter 1 and 2) Which of the following would not be found on an income statement of a service organization? Select one: a. operating income b. sales revenue C. cost...
Which of the following statements about the balance sheet is most correct? O The balance sheet provides information about the financial position of an organization as of a moment in time. O The balance sheet provides detailed information about the assets, liabilities, equity, revenues, and expenses of an organization. O The balance sheet is affected by changes in the net income of the organization. O Statements a. and c. are both correct. O Statements a, b, and c. are all...
Financial Statements of a Manufacturing Firm The following events took place for Digital Vibe Manufacturing Company during January, the first month of its operations as a producer of digital video monitors: a. Purchased $54,300 of materials b. Used $41,800 of direct materials in production. C. Incurred $62,400 of direct labor wages. d. Incurred $88,000 of factory overhead. e. Transferred $146,100 of work in process to finished goods. f. Sold goods for $261,200. g. Sold goods with a cost of $116,200....
Financial statements of a manufacturing firm The following events took place for Sorensen Manufacturing Company during January, the first month of its operations as a producer of digital video monitors: a. Purchased $230,000 of materials. b. Used $165,600 of direct materials in production. C. Incurred $414,000 of direct labor wages. d. Incurred $165,600 of factory overhead. e. Transferred $699,200 of work in process to finished goods. f. Sold goods for $1,104,000. g. Sold goods with a cost of $621,000. h....
Divisional Income Statements with Service Department Charges Yozamba Technology has two divisions, Consumer and Commercial, and two corporate service departments, Tech Support and Purchasing. The corporate expenses for the year ended December 31, 2017, are as follows: Tech Support Department $1,392,000 Purchasing Department 304,000 Other corporate administrative expenses 729,000 Total corporate expense $2,425,000 The other corporate administrative expenses include officers' salaries and other expenses required by the corporation. The Tech Support Department charges the divisions for services rendered, based on...
Most questions answered within 3 hours.
-
A sock stuck to the side of a clothes-dryer barrel has a
centripetal acceleration of 24...
asked 34 minutes ago -
A perfect gas undergoes an isentropic process such that its
volume doubles. If the ratio of...
asked 54 minutes ago -
list the elements in groups 3A to 6A in the same order as in the
periodic...
asked 1 hour ago -
Estimating effect size. Peng and Chen (2014)
evaluated effect size estimates for various tests. In their...
asked 1 hour ago -
Write a script in MySQL that creates and calls a stored
procedure name test. This procedure...
asked 1 hour ago -
If we test the following: H0: μ = 17
vs. H1: μ ≠ 17 and the...
asked 1 hour ago -
in the past year TVG had revenues of 3 million, cost
of goods sold of $25...
asked 1 hour ago -
4) In a polypeptide, which bond cannot rotate because of its
partial double bond character?
The...
asked 2 hours ago -
Assume that in the short run L = 1,000 and K = 100. 1. What is...
asked 1 hour ago -
At a given temperature, 2.06 atm of H2 and 3.7 atm of Br2 are
mixed and...
asked 1 hour ago -
Sodium reacts with Hydrochloric acid to form sodium chloride and
hydrogen gas. 2Na(s)+ 2 HCl(aq)-> 2...
asked 2 hours ago -
The following circuits (1 & 2) are combined to form a
series-parallel circuit and resulting circuit...
asked 2 hours ago