Core Concepts Of Accounting Information Systems, 14th Edition
Core Concepts Of Accounting Information Systems, 14th Edition
14th Edition
ISBN: 9781119441465
Author: Mark G. Simkin
Publisher: WILEY
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Chapter 2, Problem 6DQ
To determine

Discuss the way in which XBRL compares to the IDEA database.

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A company has put together the following data in order to complete their operating budget for the second quarter of 2019:     April June May July     Sales (units)  73 200 68 900 65 400 67 300       Additional information: Company policy requires 60% of the following month’s sales (in units) be in ending inventory. This policy was met in March. It takes 2.5 hours of direct labour to produce one unit. The average wage cost is R14. The variable overhead rate is R6 per direct labour hour and fixed overhead is R15 000 per month. Can you please help me to prepare below? - Prepare a production budget for April, May and June and the quarter in total. - Prepare a direct labour budget for April, May and June and the quarter in total. - Prepare an overhead budget for April, May and June and the quarter in total.
Do fast answer of this question general accounting
The Tamarisk Marine Supply Company's bank statement for the month of November showed a balance per bank of $8,500. The company's Cash account in the general ledger had a balance of $5,536 at November 30. Other information is as follows: (1) Cash receipts for November 30 recorded on the company's books were $6,480 but this amount does not appear on the bank statement. (2) (3) (4) (5) (6) (7) The bank statement shows a debit memorandum for $50 for check printing charges. Check No. 119 payable to Riverbed Company was recorded in the cash payments journal and cleared the bank for $368. A review of the accounts payable subsidiary ledger shows a $18 credit balance in the account of Riverbed Company and that the payment to them should have been for $386. The total amount of checks still outstanding at November 30 amounted to $6,260. Check No. 138 was correctly written and paid by the bank for $506. The cash payment journal reflects an entry for Check No. 138 as a debit to Accounts Payable and…
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