Management accounting
A) provides objective financial information
B) must adhere to GAAP
C) has no mandatory rules
D) none of the other statements are true
C
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Use the information presented below for Chambersburg Corp for 2017 and 2016 to answer the questions that follow. Chambersburg uses the straight-line depreciation method. 2017 2016 Property, plant, and equipment $ 250,000 $190,000 Accumulated depreciation 100,000 85,000 Depreciation expense 62,500 47,500 Net sales 1,000,000 900,000 Average Total assets 625,000 475,000 Refer to the information for
Chambersburg Corp Using the 2017 data, what is the average life of Chambersburg's property, plant, and equipment (rounded to one decimal place)? a. 1.6 years b. 2.5 years c. 4.0 years d. 10.0 years
Termeer Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.InputsStandard Quantity or Hours per Unit of OutputStandard Price or RateVariable manufacturing overhead0.30 hours$2.30 per hourThe company has reported the following actual results for the product for August: Actual output 8,000unitsActual direct labor-hours 2,380hoursActual variable overhead rate$2.10per hourActual variable overhead cost$4,998 The variable overhead rate variance for the month is closest to:
A. $480 U B. $476 F C. $476 U D. $480 F
Distinguish between discrete and continuous production losses and the method of accounting for these losses
Which of the following would be the best action for building a relationship with a manager in another division?
A) an emailed report on your responsibilities and accomplishments B) a voice message left on the manager's phone C) a face-to-face meeting in a neutral meeting room D) an invitation to download your vlog E) a Facebook friend request