Question

what accounting method will be used to evaluate each of the responsibility centers?

Expert Answer

Want to see the step-by-step answer?

Check out a sample Q&A here.

Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

*Response times may vary by subject and question complexity. Median response time is 34 minutes for paid subscribers and may be longer for promotional offers.
Tagged in
Business
Accounting

Cost Management

Related Accounting Q&A

Find answers to questions asked by students like you.

Q: Simple Things Industries Ltd. Comparative Balance Sheet December 31, 2014 and 2013   2...

A: Increase / (decrease) amount has to be determined by deducting 2013 dollar amount from 2014 dollar a...

Q: I have done the post closting trial balance and it is way off.. maybe my journal entries are off..  ...

A: Closing Entries:- These entries are prepared at the end of the Accounting Period to close Temporary ...

Q: Requirement 4. No preferred dividends are in arrears . Journalize the declaration of a $ 700,000 div...

A: Par value of preferred share = Total  paid up capital of Preferred shares / No. of shares issued = $...

Q: Mason Corporation had $1,027,000 in invested assets, sales of $1,215,000, operating income amounting...

A: Investment turnover: The investment turnover ratio compares the revenues produced by a business to i...

Q: Excellent Clothing Company is run by Ms Dilnaz and her son, Burzin. They manufacture dresses for wom...

A: Planning, Directing, Controlling play a key role in management decisions. In traditional sense, thes...

Q: Gainer Company has three sources of financing: $3 million of mortgage bonds paying 5 percent interes...

A: After-Tax Cost for Mortage bonds = Interest rate x (1 - tax rate) = 5% x (1-0.40) = 3% After-Tax Cos...

Q: Stockton Company Adjusted Trial Balance December 31 Cash 6,027 Accounts Receivable 2,599 Prepaid Exp...

A: Retained earnings are surplus profits left to the company after paying dividends. Retained earnings ...

Q: Reviewing payroll records indicates that employee salaries that are due to be paid on January 3 incl...

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms. Th...

Q: Reconstruct the company’s comparative balance sheet for 2013/2014 and compute and show the missing f...

A: Balance sheet: This statement shows the assets and liabilities held by a company on a particular dat...

Q: Jase Manufacturing Co.'s static budget at 7,800 units of production includes $23,400 for direct labo...

A: The cost can be classified into two categories i.e fixed cost and variable cost. The  FIxed cost rem...

Q: On January 1, 2018, Al-Kamel Inc. decides to invest in 5,000 shares of Safari stock. On July 15, 201...

A: Percentage of holding would be calculated on the proportion of Total Outstanding Shares.

Q: The income and expense accounts of Rosie Corp. for the year ended 2019 are listed below. Sales 1,150...

A: Total Profit = Total Revenue - Total Expenses

Q: Lisa sells business property with an adjusted basis of $132,000 to her son, Alfred, for its fair mar...

A: Click to see the answer

Q: Stanley Company sold office equipment that had a book value of $12,000 for $16,000. The office equip...

A: Depreciation is a reduction in the value of assets due to the usage of that asset. We can evaluate t...

Q: Below shows the 2012 comparative balance sheet and 2012 income statement for Sammy’s Limited which w...

A: Cash flow statement: It is a statement which reports the cash inflows and outflows of a business dur...

Q: Cannondale Company purchased an electric was melter on April 30, 2017, by trading in its old gas mod...

A: a) When exchange has commercial balance Particulars LF Debit   Credit Electric melter   xxxxx  ...

Q: Accounting Question

A: Hello. Since your question has multiple parts, we will solve first question for you. If you want rem...

Q: (a) Evaluate the criteria for classification of the lease by the lessor, and describe the nature of ...

A: a) Company G has Capital lease to lease.    Company K has a direct financing lease to the lessor.   ...

Q: 

A: Inventory: It is the goods and material a business hold to sell. There are two methods for recording...

Q: Scenario: The 2014 comparative balance sheet and 2014 income statement of Bradshaw and Fran Co Ltd, ...

A: Introduction: Statement of cash flows: All cash in and out flows of transactions are recorded in sta...

Q: Use the following T-accounts: Cash Bal. 23,800 Revenue Earned Bal. 44,000 Commission Expense Bal. 6,...

A: Closing Entries: It is also known as closing journal entries. it is prepared at the end of the accou...

Q: Case:Mercurial Company has made the following information available for its production facility for ...

A: Total Overhead Variance: This is the difference between the budgeted total overhead and the actual t...

Q: Hello, I need formulas explaining the answers, thank you.

A: Present value of the bond refers to the value of the bond is the total of the present value of the b...

Q: High-Low Method for a Service Company Boston Railroad decided to use the high-low method and operati...

A: Variable cost per unit = (Highest activity cost - Lowest activity cost) / (Highest activity units - ...

Q: Which of the following will you expect in an income statement?   Professional Fees Accounts Re...

A: The income statement includes all the revenue-related items and also all the expenses. Excess of rev...

Q: The 2014 comparative balance sheet and 2014 income statement of Byfield Co Ltd, have just been distr...

A:          Comparative balance sheet is a financial statement shows its financial position over a peri...

Q: Answers in page 237

A: A fixed rate of interest is paid on the bond issued till the time of its maturity. The rate paid on ...

Q: Scenario 1Kerry owns and operates a small community pharmacy. John is the pharmacist and heemploys a...

A: 1) a) Scenario 1: Here single person is held responsible for collection, reconciliation and deposit ...

Q: The 2014 comparative balance sheet and 2014 income statement of Byfield Co Ltd, have just been distr...

A: Cash flow statement from indirect method is considered important. Reason: This is because accrual ac...

Q: Current Position Analysis The following data were taken from the balance sheet of Nilo Company at th...

A: Click to see the answer

Q: Car Company ordered a machine needed in the assembly line of its production department. Upon order, ...

A: Generally Accepted Accounting Principles (GAAP):   These are the guidelines necessary to create acc...

Q: The following items were selected from among the transactions completed by Sherwood Co. during the c...

A: Journal entries: These are prepared to record the financial and non-financial transactions of the bu...

Q: 36. LO.3 (Activity analysis) Management at Glover & Lamb Inc. is concerned about controlling fac...

A: As you have posted multiple independent questions, we are answering the first question. Kindly repos...

Q: 3.A business operated at 100% of capacity during its first month, with the following results: Sal...

A: Answer 3 We’ll answer the first question since the exact one wasn’t specified. Please submit a new q...

Q: Bonnie Inc. and Clyde Company have an exchange with no commercial substance. The asset given up by B...

A: Amount Bonnie should record for the asset received=Book value of asset given up+cash received=$120,0...

Q: The balances of the ledger accounts of Beldren Home Center as of December 31, the end of its fiscal ...

A: Financial statements:   Financial statements are condensed summary of transactions communicated in t...

Q: please provide explanations to answers.

A: 1. Working note: Calculate the contribution margin per unit.

Q: Correct any obvious errors in the following closing entries by providing the four corrected closing ...

A: Closing entries are used to transfer the balance from a temporary rece to a permanent account. We ca...

Q: Which category of the statement of cash flow is considered as the most important? Why?

A: Statement of cash flows: Statement of cash flow is a financial statement that shows the cash and ca...

Q: Long-Term Solvency Analysis The following information was taken from Celebrate Company's balance she...

A: Ratio analysis is a method of measuring the financial position of the organization with different ki...

Q: Quigley Co. bought a machine on January 1,2016 for $1,400,000. it had a 122,600 estimated residual v...

A: Whenever a capital asset is purchased it shall be capitalized to the balance sheet not expensed to p...

Q: You are the lead S-Corporations tax specialist in your area. Your client, Cathyrn, has purchased an ...

A: The following are the criteria which should be fulfilled for recognizing a company as S Corporation:...

Q: Linda Ellis, division manager, is elevated and rewarded on the basis of budgetary performance. Linda...

A: Business ethics involves the identification, analysis and solution of the problems and dilemmas face...

Q: The general ledger of Megan Corporation as of December 31, 2018, includes the following accounts:   ...

A: Intangible Asset:   An intangible asset is referred to an asset which is not physical in nature. Int...

Q: Hello, I need formulas explaining the answers, thank you.

A: Solution: Introduction:A bond is a financial debt instrument so it requires its issuing company to p...

Q: I need help. Are these correct? Thanks.

A: Descriptive Analytics: It is analytics in which historical data is considered to understand the chan...

Q: Times interest earned A company reports the following: Income before income tax expense $3,120,00...

A: Times interest earned ratio measures the company's ability to pay its interest obligations. Times in...