Accounting: Accounting is the technique of recording the financial events and transaction occur in a business while doing any business activity. Accounting is one of the major activities done in any organization, accounting is necessary to see the present as well as the future position of an organization. Identifying: In accounting identify is the important aspect. The accountant firstly see the event or transaction, that relates to quantitative aspect or not, if it relates to quantitative, as easily express in number than only ready for the next step in accounting. Recording: Recording is to record the business event or transaction in the books of accounts. As the accounting process includes an important aspect that is recorded, if the accountant will not record the transaction the accounting is not done. Communicating: The accountant made financial statement of the company. The communicating aspect of accounting says that the financial statement must be made in a presentable form that the users of accounting information understand by their own. To identify: The activities that matches with the given description.

Question

Kensington Textiles, Inc. manufactures customized tablecloths. An experienced worker can sew and embroider 10 tablecloths per hour. Due to the repetitive nature of the work, employees take a 10-minute break after every 10 tablecloths. Additionally, before starting each batch of 10 tablecloths, workers spend 8 minutes cleaning and setting up their sewing machines. Calculate the standard quantity of direct labor for one tablecloth. Provide answer

Answer 1

Question

Chapter 1, Problem 1E

To determine

Accounting:

Accounting is the technique of recording the financial events and transaction occur in a business while doing any business activity. Accounting is one of the major activities done in any organization, accounting is necessary to see the present as well as the future position of an organization.

Identifying:

In accounting identify is the important aspect. The accountant firstly see the event or transaction, that relates to quantitative aspect or not, if it relates to quantitative, as easily express in number than only ready for the next step in accounting.

Recording:

Recording is to record the business event or transaction in the books of accounts. As the accounting process includes an important aspect that is recorded, if the accountant will not record the transaction the accounting is not done.

Communicating:

The accountant made financial statement of the company. The communicating aspect of accounting says that the financial statement must be made in a presentable form that the users of accounting information understand by their own.

To identify: The activities that matches with the given description.

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