A company charged the following amounts of overhead to jobs during the current year: $12,000 to jobs still in process, $42,000 to jobs completed but not sold, and $66,000 to jobs finished and sold. At year-end, the company's Factory Overhead account has a credit balance of $9,000, which is not a material amount. What entry (if any) should the company make at year- end related to this overhead balance?
What will be an ideal response?
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Why is XBRL needed in the financial community? In your opinion, why did the Securities and Exchange Commission mandate its usage? What does it provide that was not available before XBRL?
What will be an ideal response?
Ethics is defined as maximizing personal wealth, regardless the cost.
Answer the following statement true (T) or false (F)
The ________ says that retailers should offer low prices to get faster turnover and greater sales volumes by appealing to larger markets.
A. production concept B. sales concept C. wheel of retailing theory D. mass-merchandising concept E. primary industry theory
Organizations in the high-growth stage focus on:
A. cost reductions through economies of scale. B. extreme cost control. C. refining and extending product lines. D. maintaining their market share.