Data Analytics For Accounting
Data Analytics For Accounting
19th Edition
ISBN: 9781260375190
Author: RICHARDSON, Vernon J., Teeter, Ryan, Terrell, Katie
Publisher: Mcgraw-hill Education,
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Chapter 5, Problem 4MCQ

A company has two divisions, one in the United States and the other in China. One uses Oracle and the other uses SAP for its basic accounting system. What would we call this?

  1. a. Homogeneous systems
  2. b. Heterogeneous systems
  3. c. Dual data warehouse systems
  4. d. Dual lingo accounting systems
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Problem 8.6 General Accounting
Champ Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 75,000 labor-hours. The estimated variable manufacturing overhead was $3.50 per labor-hour, and the estimated total fixed manufacturing overhead was $2,400,000. The actual labor-hours for the year turned out to be 75,500 labor-hours. What was the predetermined overhead rate for the recently completed year closest to?
A business improves its gross profit margin from 20% to 22%. What was the gross profit if revenues of $1.5 million were made at the improved margin? Help
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