Examlex
The journal entry for a note collected by the bank with interest requires a credit to Cash and a debit to both Notes Receivable and Interest Revenue.
Departmental Overhead Rate
a specific type of overhead rate calculated for individual departments within a company, allowing for more accurate allocation of overhead costs based on departmental activities.
Departmental Overhead Rate
The rate at which indirect costs are allocated to different departments within a company, often used for costing purposes.
Direct Labor Hours
The total number of hours worked by employees directly involved in manufacturing a product or providing a service, often used in calculating labor cost and efficiency.
Machine Hours
A measure of the amount of time a machine is operated, used in costing to allocate expenses based on how long a machine has been in use.
Q7: In 2009, Krane Company purchases $75,000 of
Q34: The normal balance of an expense account
Q52: The debt created by a business when
Q62: Limited Liability Companies (LLCs)have members instead of
Q64: AMR received $1,600 on a sale using
Q79: Lapping is a fraudulent scheme to steal
Q87: The normal balance of the Accounts Payable
Q117: The balance sheet lists:<br>A)assets, liabilities and stockholders'
Q154: Accumulated Depletion is a(n):<br>A)contra-asset account.<br>B)contra-revenue account.<br>C)contra-liability account.<br>D)expense
Q155: 1.method of depreciation.<br>A)$7,500<br>B)$9,000<br>C)$14,444<br>D)$21,666<br>