Entries by mary WAMBUGU

Maureen Shelley is controller of Optus Communications. Optus manufactures cell phones. She has prepared a list of typical costs incurred by the business.

August 28, 2019 in /by

Maureen Shelley is controller of Optus Communications.Optus manufactures cell phones.She has prepared a list of typical costs incurred by the business.Review the list anddetermine whether each cost is a product cost or period cost.³or product costs, furtherclassify the cost as direct material, direct labor, or factory overhead.   Looking for a Similar Assignment? Order now […]

 

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Revenues (1) / Expenses (2) / Assets (3) / Stockholders’ equity (4) / Liabilities (5): A. Amounts charged to customers for goods sold or services.

August 28, 2019 in /by

Revenues (1) / Expenses (2) / Assets (3) / Stockholders’ equity (4) / Liabilities (5):A. Amounts charged to customers for goods sold or services. B. Economic resources owned that are expected to benefit future time periods. C. Residual interest of owners of a business. D. Amounts owed by an enterprise. E. Costs incurred to produce […]

 

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Logan Township acquired its water system from a private company on June 1. No receivables were acquired with the purchase. Therefore, total accounts receivable on June 1 had a zero balance

August 28, 2019 in /by

Logan Township acquired its water system from a private company on June 1.Noreceivables were acquired with the purchase.Therefore, total accounts receivable onJune 1 had a zero balance.Logan plans to bill customers in the month following the month of sale, and 70% of theresulting billings will be collected during the billing month.In the next following month,90% […]

 

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Compare Managerial and fnancial accountng. Using vocabulary From The TexT make aT leasT 3 comparisons beTween The Two areas

August 28, 2019 in /by

 Compare Managerial and financial accounting.   Using vocabulary from the text make at least 3 comparisons between the two areas.   Compare job costing to process costing.  In your comparisons include information on the type of businesses that would use each of the costing systems.   What issues should be considered  when making decisions about outsourcing and eliminating […]

 

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