Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Accounting Basics Expert

1) Management accountants generally plan for small positive cash balance in their cash budgets for all of given reasons except:

 

a) It gives for unexpected emergencies.

 

b) Keeping balance as small as possible is significant method to effectively manage cash.

 

c) It gives a safety buffer for variations from plan.

 

d) It gives funds in case of major capital expenditures

 

2) Labour efficiency has sometimes been incorrectly referred to in class as:

 

a) Materials quantity variance.

 

b) Total labour variance.

 

c) Labour quantity variance.

 

d) Labour rate variance.

 

e) (Standard material, plus standard labour, plus standard overhead) times controllable scrap rate.

 

3) Standard price and standard quantity of direct materials are separated because:

 

a) Generally direct materials prices are controlled by buying department, and quantity of direct materials used is controlled by production department.

 

b) GAAP reporting needs this separation.

 

c) Standard quantities are more difficult to evaluate than standard prices.

 

d) Standard prices change more frequently than standard quantities.

 

e) It is needed by matching principle.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M916761

Have any Question? 


Related Questions in Accounting Basics

Rauacutel esparza the ecommerce manager for moonlight mugs

Raúl Esparza, the ecommerce manager for Moonlight Mugs, a company that sells customized coffee mugs, would like to send information to another company that maintains the warehouse and provides shipping services. Order in ...

Printing and distribution of invoices does not constitute

Printing and distribution of invoices does not constitute an increase in economic resources. On the other hand, can you give examples of what should be included in REA diagram? Remember that REA specifies the domain rule ...

Assignment - review of current accounting issuesfor this

Assignment - Review of Current Accounting Issues For this assignment assume that you are the senior accountant working for a major firm. Question 1 - The CEO has forwarded to you an interesting article and requires you t ...

Assignment - small business analysis and

Assignment - Small Business Analysis and Interpretation Small Business Analysis 1: The following financial statements were prepared for the management of TEDA Ltd. The statements contain some information that will be dis ...

1 what are the three classifications of restrictions of

1. What are the three classifications of restrictions of retained earnings, and how are such restrictions normally reported on the financial statements? 2. Indicate how prior period adjustments would be reported on the f ...

Exercise 1making special pricing decisionssuppose the

Exercise 1 Making special pricing decisions Suppose the Baseball Hall of Fame in Cooperstown, New York, has approached Hungry-Cardz with a special order. The Hall of Fame wishes to purchase 55,000 baseball card packs for ...

Locate and read the article listed below and answer the

Locate and read the article listed below and answer the following questions. Brandon, D. M. November 2010. External Auditor Evaluations of Outsourced Internal Auditors. Auditing: A Journal of Practice & Theory 29 (2): 15 ...

Paperprepare an 11- to 15-page paper not including the

Paper Prepare an 11- to 15-page paper (not including the title and reference pages) that assesses a legal/ethical issue or situation relating to a current, previous, or potential future work environment. Use at least 10 ...

Assignment - review of current accounting issuestaskfor

Assignment - Review of Current Accounting Issues Task For this assignment assume that you are the senior accountant working for a major firm. Question 1 - The CEO has forwarded to you an interesting article and requires ...

A taxpayer lives in michigan in a controversy with the irs

A taxpayer lives in Michigan. In a controversy with the IRS, the taxpayer loses at the trial court level. Describe the appeal procedure for each of the following trial courts. a. Small Cases Division of the Tax Court b. ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate