house is sold. c. cash is collected for the sale of the house. d. the house is completed. The basic document for keeping track of costs in a job order costing system is a Answer a. labor time card. b. job order cost card. c. process cost report. d. materials requisition form. The following information is available at the end of May: Balance in work in process on May 1 $141‚800 Direct materials costs for May 174‚500 Direct labor costs for May 162‚500 Overhead applied at rate of 140%
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Formal Art Analysis Hailey Niemi The Starry Night that was done in 1889 is an oil on canvas painting. This is a very famous work of art and a very complex‚ beautiful piece. In terms of lines this painting is quite uninhibited. The painter was thinking outside the box so to speak. The lines used in The Starry Night are all over and all around in swirls and other patterns. I think the art portrays that the artist views the world as a very whimsical place with endless possibilities. This might
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between accrual-basis accounting and cash-basis accounting? The variation between accrual basis accounting and cash basis accounting‚ is how cash is documented. Cash basis is an accounting basis that is used when expenses and revenue are paid out or received. This is when the transaction will be recorded. In accrual-basis accounting‚ transactions are recorded when they actually happen. Payment does not need to be made for the transaction to be recognized in accrual-basis accounting unlike cash-basis
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Chapter 2 Cost Terms‚ Concepts‚ and Classifications Exercise 2-2 (15 minutes) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10 . 11 . 12 . 13 . 14 . 15 . Depreciation on salespersons’ cars ................ Rent on equipment used in the factory .......... Lubricants used for machine maintenance ..... Salaries of personnel who work in the finished goods warehouse.............................. Soap and paper towels used by factory workers at the end of a shift ...................... Factory supervisors’ salaries
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Assignment 2 Basic Accounting Concepts and Business Structures Basic Accounting Concepts and Business Structures Before the Great Depression and the crash of the stock market‚ there were no groups governing the accounting world‚ nor had any principles been put into place. Because of this‚ various groups and GAAP had to be formed to ensure that quality financial reporting was exhibited. There are still discrepancies in accounting but with the hierarchy of
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Aliyah Vargas March 10‚ 2015 0277568 Spring 2015 Formal Assignment 1 Before the Reading 1. Read the title and author information located above the reading. Based on this information‚ what do you predict the narrative will be about? By reading the title and the author information above the reading‚ I predict that the narrative will be about love. During the Reading 2. In the space below‚ please note at least 4 questions/comments about Senna’s story that occurred to you as you read the essay
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A REPORT ON THE BUSINESS IMPLICATIONS OF PSYCHOLOGICAL TOPICS Table of contents Page No. Executive Summary 1.0 Introduction 1.1 Origin 1.2 Scope 1.3 Purpose 1.4 Background 1.5 Methodology 1.6 Report Preview 1.7 Limitations 2.0 Report Body 2.1 Introduction To Psychology & It’s Relation To Business 2.2 Background of Psychological Influence In Business 2.3 Introduction To Psychology 2.3.1
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Formal Speech Analysis In the past‚ I have participated in a lot of classes and training dealing with many different topics‚ but unfortunately‚ public speaking and/or communications was not one of them. In fact‚ the last class that I took even relatively close to this one was while I was in the military. In some sense‚ I guess that this class could be thought of as a good experience‚ because now I can learn at a college level and be more at ease with getting up in front of a group of people and
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http://smallbusiness.chron.com/difference-between-traditional-accounting-computerized- accounting-4021.html INTRODUCTION: Before the advent of fast and cheap computers‚ accounting traditionally was processed manually with all transactions recorded in columnar papers and kept in voluminous binders. Once computers became popular and software affordable‚ accounting tasks moved into this medium‚ where concepts stayed the same but mechanics changed from papers to programs. AIMS AND OBJECTIVE:
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Income statement shows how the company did during a period of time both revenues and expenses. Statement of retained earnings indicates how much previous income was distributed to yourself and other business owners and what was kept for future growth. Statement of cash flows shows where the business obtained cash during a period of time and how the money was used. In my opinion the most important of the four would be the balance sheet because it is important to know what you have and what you owe
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