List two duties that the general ledger clerk should not perform
make entries in special journals or subsidiary ledgers;
prepare journal vouchers; maintain custody of physical assets
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Housholder Corporation uses a predetermined overhead rate base on machine-hours that it recalculates at the beginning of each year. The company has provided the following data for the most recent year. Estimated total fixed manufacturing overhead from thebeginning of the year$310,000 Estimated activity level from the beginning of the year 20,000machine-hoursActual total fixed manufacturing overhead$338,000 Actual activity level 18,300machine-hours The amount of manufacturing overhead that would have been applied to all jobs during the period is closest to:
A. $310,000 B. $283,650 C. $28,000 D. $309,270
Start-up and organization costs for a corporation that is to operate a retail store would include the costs of
A) promoters' fees and printing stock certificates. B) advertising for a grand opening sale. C) the initial purchase of inventory. D) counters and racks to display merchandise.
Seller Company sells small refrigerators. It usually sells these refrigerators to hotels and offices. However, sometimes its customers choose to buy their refrigerators because they do not have a lot of room for a full-size refrigerator in their houses and apartments. Its primary market is the _____________ market, but it also sells to the _____________ market.
A. consumer; business B. industrial; target C. business; industrial D. business; demographic E. business; consumer
In states that follow ______, a third party can recover from a negligent accountant if there was an agreement between the third party and the accountant
A)the flexible rule? B) the intended user rule C) the foreseeable user rule D) the contract rule