Multiple-step income statements:
A. cost of goods sold as an operating expense.
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Business, 08.04.2020 01:49 ComicSans10
Multiple-step income statements:
A. cost of goods sold as an operating expense.
B. Contain more detail than a simple listing of revenues and expenses.
C. Are required by the FASB and IASB.
D. Are required for the periodic inventory system.
E. Are only used in perpetual inventory systems.
Answers: 3
Business, 22.06.2019 12:30
True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product
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Business, 23.06.2019 02:20
Speedy auto repairs uses a job-order costing system. the company’s direct materials consist of replacement parts installed in customer vehicles, and its direct labor consists of the mechanics’ hourly wages. speedy’s overhead costs include various items, such as the shop manager’s salary, depreciation of equipment, utilities, insurance, and magazine subscriptions and refreshments for the waiting room. the company applies all of its overhead costs to jobs based on direct labor-hours. at the beginning of the year, it made the following estimates: direct labor-hours required to support estimated output 20,000 fixed overhead cost $ 350,000 variable overhead cost per direct labor-hour $ 1.00 required: 1. compute the predetermined overhead rate. 2. during the year, mr. wilkes brought in his vehicle to replace his brakes, spark plugs, and tires. the following information was available with respect to his job: direct materials $ 590 direct labor cost $ 109 direct labor-hours used 6
Answers: 1
Business, 24.06.2019 01:00
Asample of n = 10 automobiles was selected, and each was subjected to a 5-mph crash test. denoting a car with no visible damage by s (for success) and a car with such damage by f, results were as follows:
Answers: 3
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