Which of the following is not part of the planning stage in the decision-making process? Deciding on the optimal way in which an object might be achieved Identifying ways which might contribute to the achievement of specific objectives Obtaining data about actual results. Identifying goals or objective

Q: Running Company had the following information for the month of June:   Work in process beginning…

A: Process Costing- The process cost system is a method of evaluating finished goods inventory in which…

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A: In the context of the given question, we are going to prepare a chart of journal entries.   Journal…

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A: Introduction: Prime costs: Sum of both direct materials and direct labor cost derives the prime…

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A: Total raw material variances= Standard cost - actual cost Material price variance=  Material price…

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A: A cost that can be directly attributable to work is called as direct.If cost is not directly…

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A: Accounting Profit: The amount of gain which is determined by deducting the charges incurred from the…

Q: In order to say that the buyer is insolvent in order for the seller to exercise his right to…

A: The answer and explanation is given is the next step :-

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A: Given in the question: Loan payable to Joker = P10,000 Partner Hearts’ Due to Partnership = P15,000…

Q: Darren Company, a manufacturer of wooden chairs, has the following information for the year 20xx:…

A: Factory overhead is defined as those support costs that assist in the production of the products.…

Q: 2. Antonio's total manufacturing cost is a. P 460,000 P 645,000 b. c. P 650,000 P 840,000 d.

A: Introduction: The three phases of the manufacturing process are raw materials, work in progress, and…

Q: esponse. Question 5 On January 1, 2020, Sitra Company leased equipment from National Corporation.…

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Q: Available-for-Sale Securities are reported on the balance sheet at cost.

A: Held for sale securities are current assets.These are likely to be sold within 1 year.Held for sale…

Q: Old Room Co. purchased land and building for a lump-sum price of $48,000,000. The existing building…

A: The correct answer for the above mentioned question is given in the following steps for your…

Q: Metal Company budgeted $565,000 manufacturing direct wages, 2,500 direct labor hours, and had the…

A: Formula: Total Activity Costs = Activity Base x Activity Rate Activity Cost per Unit = Activity…

Q: Item Nos. 14 and 15 are based on the following information: revealed the following information:…

A: Shareholder equity refers to net worth of the company as it states that how much the owners the…

Q: ne 1,

A: These are the accounting transactions that are having a monetary impact on the financial statement…

Q: 2X18, a domestic orporation declared an aid dividends to its hareholders as follows

A: Tax refers to the percentile charge levied on the income gained by an entity through the authorized…

Q: Singha Ltd produces and sells two products, X and Y, using the same type of materials and labour but…

A: The following workings are needed:- Note 1: Sales Collection Particulars May June July Aug…

Q: a cash priority program would show that the loss absorption potential for Joker would amount to? if…

A: A cash priority program is the program which shows how the cash which are available to the partners…

Q: Required: Only advise on the consequences for XYZ Pty Limited NOT its shareholders.

A: Franking =  Amount Franked×%Franked×Tax%/(1-tax%)]

Q: Journal entries????? 1. PKR 700,000 in raw materials were purchased on account. 2.600,000 in raw…

A: The process of recording business transactions in the books of accounts for the first time is…

Q: The cost of goods sold was computed at P12.250. Total sales for the year were P42.950, of which…

A: Introduction: Inventory turnover ratio: Division of Average inventory with cost of goods sold…

Q: Desmond was appointed director and managing director of Candore Limited. The terms of his service…

A: Answer:-A Shareholders has authority to pass the resolution and remove the Desmond. The entire act…

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A: Basis is the value of assets held by the person for accounting and taxation purposes and assets can…

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A: The depreciation is related to a decrease in the value of fixed assets. The tangible assets are…

Q: Item No. 6 is based on the following information: 1091 of Ismuol 9an9qx3 noitesinsg10 Kiss Company…

A: The fixed assets acquired against shares are recorded at fair market value of fixed assets.

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Q: PROBLEMS: 1. Make a formula at cell C17 to C22 given the condition: It will display GOOD if INCOME…

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Q: During 2020, Ms. Sunshine has net employment income of $95,000 after claiming her RPP deduction of…

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Q: Match the following E. 10 kg of Basmati rice exchanged with 14 kg of ordinary nice, with payment and…

A: Match the following: 10 kg of basmati rice exchanged with 14 kg of ordinary rice with payment and…

Q: me is compelled to pay the penalty of ½ of 1% per day for the first 6 days of the extra time…

A: The answer has been mentioned below.

Q: (a) net income of $600,000, and 7% on capital balances (b) net income of $50,000, and 5% on capital…

A: Net income of $600,000 and 7% on capital balances Particulars Barcelona Monroe Romalia Total…

Q: Question 2 Kris Inc. sold its vacant lot to Moca Corporation for P10,000,000, which it acquired at a…

A: Given, Cost price =P5,000,000 Selling price =P10,000,000 FMV =12,000,000 Zonal value =15,000,000…

Q: Which of the following statements is NOT true? O Small banks typically focus on the retail side  O…

A: Banking- A bank is a type of financial institution that lends money to customers and collects demand…

Q: A process cost system will be used by all of the following manufacturing companies except a(n)…

A: Features of Process cost system includes the following: The production is constant i.e. continuous…

Q: QUESTION 9 Lord of the Fries, Inc., makes industrial sized bags of fries. The fries' costs consist…

A: A direct cost is a cost that can be directly related to the production of specific service or goods…

Q: Leon Corporation sold 500 shares of its P 40 par value preference shares for cash at P 50 per share.…

A:

Q: Amazon Industries utilizes a process costing system with just one processing department. The…

A: Computation of cost of units completed and transferred( Using FIFO Method): Cost of units…

Q: In 2019, Arvin received 200 shares as a gift. The stock worth $5000. And the donor adjusted basis…

A: The capital gain can be defined as the increase in the value of the assets and the gain is realized…

Q: Entries for Factory Costs and Jobs Completed Collegiate Publishing Inc began printing operations on…

A: The direct costs incurred are debited to work in process and indirect costs are debited to…

Q: On April 12 Hong co. agrees to accept a 60 day, 6% 6,900 note from indigo co to extend the due date…

A: The journal entries are prepared to keep the record of day to day transactions of the business on…

Q: Calculate revenue for the month of September using the accrual basis of accounting. (Do not leave…

A: In the accrual basis of accounting, all revenue items are considered which belong to that specific…

Q: Simms Corp. is considering a project that has the following cash flow data. What is the project's…

A: Internal Rate of Return is that rate at which Present Value of Cash Inflow is equal to Present value…

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A:

Q: Deductions from Gross Income Classify the items for deduction in the following scenarios. 3. A…

A: As per BIR [Bureau of Internal Revenue] of Philippines  for domestic corporation , its operating…

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A: The acquisition of assets is a part of business activities. When the company disposes of the asset…

Q: Through November, Cameron has received gross income of $55,000. For December, Cameron is considering…

A: The standard deduction for 2021 is $12,550. While the standard deduction for 2022 is $12,950. As the…

Q: The diluted earnings per share calculation includes Select one: O a. any convertible security that…

A: Diluted earnings per share calculate a company's eps if all the convertible securities are…

Q: Among the assets of Lucas Company on December 31, 2021 are the following: Land held for long-term…

A: Investment property means the real estate property which is acquired for acquiring the return on…