The x-axis on a Gantt chart shows?
a. Time
b. Activity name
c. Activity duration
d. Precedence relationships
a. Time
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Neither the amount of detail nor the format of a management accounting report is affected by those to whom the report is sent
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Normand Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory 700 Materials costs$8,700 Conversion costs$3,700 Percent complete with respect to materials 70%Percent complete with respect to conversion 10%Units started into production during the month 6,400 Units transferred to the next department during the month 5,600 Materials costs added during the month$92,200 Conversion costs added during the month$269,600 Ending work in process inventory: Units in ending work in process inventory 1,500 Percent complete with respect to materials 80%Percent complete with respect to
conversion 25% The cost per equivalent unit for conversion costs for the first department for the month is closest to: A. $48.14 B. $45.66 C. $47.94 D. $52.86
During 20x4, all sales and purchases at Virginia Corporation were on credit. At December 31, 20x4, Virginia Corporation shipped goods to the New York Corporation but failed to record the sale. As a result, before making any corrections to the accounting records
a. Accounts receivable was understated, inventory was overstated, sales were understated, and cost of goods sold was understated. b. Accounts receivable was understated, inventory was understated, sales were understated, and cost of goods sold was understated. c. Accounts receivable was overstated, inventory was understated, sales were overstated, and cost of goods sold was overstated. d. Accounts receivable was overstated, inventory was overstated, sales were overstated, and cost of goods sold was overstated. e. Accounts receivable was overstated, inventory was overstated, sales were understated, and cost of goods sold was overstated.
U.S. GAAP permits firms to remeasure property, plant, and equipment upward for increases in fair value under certain conditions
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