New machinery was installed to replace several employees, who were paid an extra month's wages and dismissed

Fantastic news! We've Found the answer you've been seeking!

Question:

New machinery was installed to replace several employees, who were paid an extra month's wages and dismissed This amount was added to the cost of the machinery Discuss the propriety of the charge If it was improper, describe the proper treatment

Related Book For answer-question

Managerial accounting

ISBN: b010ikdqzm

10th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

See More Books

Posted Date: Dec 02, 2020 02:03 PM

See More Questions

Bailey Dry Cleaners has six employees who were paid the following wages during 2007: Frank Johnson ........ $ 27,000 Bill Long .......... 18,000 Duff Morse ......... 95,000 Laura Stewart ...........
Bailey Dry Cleaners has six employees who were paid the following wages during 2019: Frank Johnson ....................$ 27,000 Bill Long .................................18,000 Duff Morse...
Describe a proper management of earnings. Describe an improper management of earnings.
Write a program, in Java, to convert from binary to decimal andfrom from binary to hexadecimal. Please use instance variables,preferably strings. The program must do the conversion withoutusing any...
The Music Store paid $14.95 for a DVD. Expenses are 21% of regular selling price and the required profit is 11% of regular selling price. During an inventory sale, the DVD was marked down 20%. (a)...
Write down the algorithm of a regulatory control system.
The piece of rubber is originally rectangular. Determine the average shear strain xy at A if the corners B and D are subjected to the displacements that cause the rubber to distort as shown by the...
How do manufacturing costs flow through inventory accounts?
Buddy transfers property, with a basis of $10,000 and a fair market value of $5,000 to a corporation in exchange for shares of 1244 stock. If this stock is later sold for $3,000, what is the amount...
Presented below is a draft set of financial statements for Chips Limited. The following additional information is available: 1 Purchase invoices for goods received on 29 June 2010 amounting to...
Sally has a major medical policy with a $500 annual deductible and an 80/20 coinsurance provision, with a $2,000 stop loss provision. Sally breaks a leg dancing and has surgery that costs $12,000....
Mary Kay Morrow began working for Hallmark in 1982. At the beginning of 2002, Hallmark adopted the Hallmark Dispute Resolution Program, which required, among other things, that claims against the...
On April 4, 2014, Athanasios Valsamis lost his appeal to get his money back from a friend to whom he had loaned $$700,000.$ As you will read, this case underscores the consequence of failing to...
In spring 1989, Michael Jordan and the Chicago Bulls were in Indianapolis, Indiana, to play against the Indiana Pacers. At the same time, Karla Knafel was singing with a band at a hotel in...
A significant issue when a contract is breached is whether the cause of action is strictly in breach of contract or may be expanded to negligence and strict liability. The significance comes into...
A Pepsi promotion encouraged consumers to collect Pepsi points and redeem them for merchandise. If they did not have quite enough points for the prize they wanted, they could buy additional points...
Fargo Homes oversees a homeless shelter in downtown Fargo. The nonprofit operates under a contract with the city whereby it bills the city for its services. Billings for the first five months of 2 0...
Rosalie owns 50% of the outstanding stock of Salmon Corporation. In a qualifying stock redemption, Salmon distributes $80,000 to Rosalie in exchange for one-half of her shares, which have a basis of...
The management of Burgermeister fast-food franchise wants to provide hamburgers quickly to customers. It has been using a process by which precooked hamburgers are prepared and placed under hot...
Under what circumstances might the activity-based costing method provide more accurate product costs than the multiple production department factory overhead rate method?
How does accounting under a just-in-time environment provide less transaction control?
Explain the role of robotics and smart factories in manufacturing, services, and supply chains.
What is CAD/CAE? Provide one nontextbook example.
Research and write a short onetwo page paper on recent advances in robotics and their applications.

New machinery was installed to replace several employees, who were paid an extra month's wages and dismissed

Question:

Expert Answer:

Adding the extra months wages paid to the employees who have been dismissed on account ... View the full answer

Managerial accounting

Students also viewed these accounting questions