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Answer: Providing and Explaining comments regarding the aforementioned statement It can be said that information provided under a annual or financial report are generally used by the stakeholders of a company. It can also be said that information provided in the annual report of the firm help organization to effectively make economic decisions. It can be said that it is the responsibility of the company in respect to reporting informati...Read More
Answer: total indirect cost = 20000+60000+40000= $300000Under the costing system, all indirect cost are allocated based on one cost attribute. In the given scenario it is square foot occupied by each division. Using this we have: - animal shelter: indirect cost per unit= 150000/5000=$30, direct cost per unit = 150000/5000 = $30. -veterinarian clinic: indirect cost per unit = 60000/2000= $30, direct cost per unit =225000/2000= $113&nb...Read More
Answer: Star selection criteria is the till date best option for understanding the best criteria to be selected for. Every candidate before applying the dream job of their own they must consider providing their time towards star method of selection criteria. Star selection criteria include situation, task, action and result. Situation describes the work situation that one will face after being collected in the job you are supplied for. The ta...Read More
Answer: Answer to Part 1: The cash and the accrual basis of accounting are regarded as two different method that is used in recording the accounting transactions. The central differences between the two methods is the time when the transactions are recorded (Bushman et al., 2016). When it is aggregated over the time, the outcomes of the two method is approximately the same. Under the cash method accounting the expense are recorded when the ca...Read More
Answer: Answer (a) Relevant revenues and cost From the above table it can be identified that for OS1 model contribution per unit is $ 535 whereas for OS2 model contribution per unit is $ 660. For calculating the contribution per unit all the variable costs per unit have been deducted from sales revenue per unit. It is found that the contribution per unit for OS2 model was more by $ 660 - $ 535 = $ 125 as compared to OS1 model. Therefore, V...Read More
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