Business, 19.09.2019 02:00 ddavid9361
Are advanced receipts from customers treated as revenue at the time of receipt? why or why not? a)yes, they are treated as revenue at the time of receipt because the company has access to the cash. b)no, the amount of revenue cannot be adequately determined until the company completes the work. c)yes, the intent of the company is to perform the work and the customer is confident that the services will be completed. d)no, revenue cannot be recognized until the work is performed.
Answers: 1
Business, 22.06.2019 15:00
Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget.the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead.a total of 119,300 units, using 478,000 direct labor hours, were produced during the year.actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.
Answers: 3
Business, 23.06.2019 00:40
An upper-middle-class manager tends to have hostile relationship with the working-class employees in the firm because of his tendency to perceive himself as superior to them based on his class background. in this example, the manager exhibits: question 14 options: 1) class consciousness. 2) cultural awareness. 3) social mobility. 4) group orientation.
Answers: 3
Business, 23.06.2019 06:50
It is most important to account for factors like warranties and durability when purchasing durable goods or very expensive items
Answers: 1
Are advanced receipts from customers treated as revenue at the time of receipt? why or why not? a)y...
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