Rating
MOD 4 SLP Variable Costing
Module 4: Variable Costing
Lewis Company Contribution Margin Income Statement
Lewis Company
Variable Income Statement
For the period ending Dec. 31, 2012
Sales
$ 2,700, 000
Less: Variable Expenses
Direct material
$ 1,080, 000
Direct labor
$ 540,000
Variable overhead
$ 360, 000
Variable selling and administrative
$ 90, 000
Total Variable Expenses
$ 2, 070, 000
Contribution ...
Rating
Financial Accounting
Financial Accounting
Balance Sheet
Balance sheet shows a comprehensive picture of the organization's overall financial happenings. A clean balance sheet indicates that the company has no significant debt during the statement period. A balance sheet is one of the most important parts of the accounting cycle. Bodies like Generally Accepted Accounting ...
Rating
Analysis of budgeting
Analysis of charter school budget budgeting
Q1) Static or flexible budget
The model budget of charter school is considered as flexible in nature on numerous grounds. Initially, the budget of charter school has been created using three diversified level of output i.e. budget is developed on assuming the students ...
Rating
Absorption Income versus Variable Costing
Absorption Income versus Variable Costing
Difference between Managerial and Financial Accounting
Financial accounting is obligatory; that is, it has got to be completed. An assortment of outside party such as Securities and Exchange Commission (SEC) and the income tax authorities need episodic financial statement. Managerial accounting, on ...
Rating
Financial Accounting - Balance Sheet
Financial Accounting - Balance Sheet
Introduction
International Accounting standards due to their increasing complexity, are gaining increasing importance in today's world. Most of the countries follow IFRS, but USA has been reluctant to adopt these standards and have developed US GAAP (Benedicto, 2008).
Difference in Approach to ...
Rating
Module 2- Case Analysis
Module 2- Case Analysis
Part 1
Q1) Issue of revenue recognition
Recognition of revenue is the most significant issue not only for its own purpose, but also according to the concept of matching principles, expenses of the company must be documented at similar time during which companies document its revenue ...
Rating
Accounting Summary
Accounting Summary
What is an Accounting?
Accounting is method of recording operational activities of the business in a way it is understand by people. This data is arranged, organized, and structured in a way that people can analyze it and make decisions by using them and forecast plans for upcoming business ...
Rating
Strategic management accounting
Strategic management accounting
Strategic management accounting
Question 1
Budgeting
In every organization, budgeting is also known as annual or yearly process of planning, and it is structure to assist the managers to the future operations of the business. The budget helps business to identify that what company needs to expense out for ...
Rating
ACCOUNTABILITY
Accountability
[Name of the Initiations]Accountability
Q1.
Yes! The accusation is fair to some extent, as there is a great number of NGOs that have no formal accountability mechanism or check and balance system to monitor the activities of these organizations. In today's globalised world, private non-profit non-governmental organizations (NGOs) are increasingly playing an ...
Rating
EMIRATES AIRLINES
Emirates Airlines
Executive Summary
The aviation industry is growing at an amazing pace. It started a few decades ago in the West and has now made its way to the East where the industry is witnessing a high growth. During the past few years, a few airlines from Asia have ...
