Concept explainers
Concept Introduction:
Job order costing is applied to the businesses which manufactured the product or provide the services according to the client's order. As its names suggest, Job order costing is costing done for a particular job.
To prepare:
The memorandum providing the information about the construction management software prepared by AMSI
The memorandum providing the information about the construction management software prepared by AMSI
The memorandum providing the information about the construction management software prepared by AMSI is as follows:
Star Builder is a full-featured construction scheduling software tool designed for builders for use in their office, construction sites, or at the web site using a builder's network. This is cloud-based software and offers anytime service for builders. This software increases accuracy and efficiency and productivity of the builders. The salient features of the software are as follows:
- Tracking, recording and reporting the construction process
- Utilization of work schedules
- Provides various control and safety features like Punching and Safety Features
- This software provides user friendly and effective rescheduling and recalculation tools
- Provides access to selected options, drawings, photographs and notes
- The software also includes the reporting facility for company officers, managers and vendors.
- It provides unlimited integration with CRM as well as many third-party software applications including accounting
Yes we recommend the company to purchase this software as it fulfills all the requirements of the construction job.
Want to see the full answer?
Check out a sample textbook solutionChapter 19 Solutions
FUNDAMENTAL ACCOUNTING PRINCIPLES
- Discuss the accounting treatment for joint ventures. How do companies account for their investments in joint ventures? Help mearrow_forwardI don't need ai answer general accounting questionarrow_forwardProblem related to financial accounting: Meric Mining Inc. recently reported $16,300 of sales, $7,900 in operating costs other than depreciation, and $1,600 in depreciation. The company had no amortization charges, it had outstanding $6,550 of bonds that carry a 6.50% interest rate, and its federal-plus-state income tax rate was 40%. How much was the firm's net income after taxes? Meric uses the same depreciation expense for tax and stockholder reporting purposes. Answer this questionarrow_forward
- Problem related to financial accounting: Meric Mining Inc. recently reported $16,300 of sales, $7,900 in operating costs other than depreciation, and $1,600 in depreciation. The company had no amortization charges, it had outstanding $6,550 of bonds that carry a 6.50% interest rate, and its federal-plus-state income tax rate was 40%. How much was the firm's net income after taxes? Meric uses the same depreciation expense for tax and stockholder reporting purposes.arrow_forwardDon't use ai given answer accounting questionsarrow_forwardGoods available for sale are $118,000; beginning inventory is $37,000; ending inventory is $42,000; and cost of goods sold is $77,000. The inventory turnover is_____.answer this questionarrow_forward
- AccountingAccountingISBN:9781337272094Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.Publisher:Cengage Learning,Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
- Horngren's Cost Accounting: A Managerial Emphasis...AccountingISBN:9780134475585Author:Srikant M. Datar, Madhav V. RajanPublisher:PEARSONIntermediate AccountingAccountingISBN:9781259722660Author:J. David Spiceland, Mark W. Nelson, Wayne M ThomasPublisher:McGraw-Hill EducationFinancial and Managerial AccountingAccountingISBN:9781259726705Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting PrinciplesPublisher:McGraw-Hill Education