FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

When try to determine overhead cost in non profit organizations, do they use the two step allocation system to determine how to assign the cost

When try to determine overhead cost in non profit organizations, do they use the two step allocation system to determine how to assign the cost like for profit business please explain. If so is that how a nonprofit organization like Peace Corps might assign overhead costs to their operations in a particular refugee camp?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Accounting

International Accounting

Authors: Timothy Doupnik, Mark Finn, Giorgio Gotti, Hector Perera

5th edition

1259747980, 9781259747984, 1260466531, 978-1260466539

More Books

Students also viewed these Accounting questions

Question

★★★★★
Johnson Software Corp. has assembled the following data for the years ending December 31, 2016 and 2015: Requirement 1. Prepare Johnson Software Corp.'s statement of cash flows using the indirect...

Answered: 1 week ago

Question

★★★★★
Find the rate of return for the following cash flow: Year Cash Flow 0......................... -$15,000 1............................10,000 2.............................-8,000...

Answered: 1 week ago

Question

★★★★★
How many times do we have to throw a die so that the outcome in at least one throw is less than three and in at least one throw it is greater than two with probability more than or equal to (i) 50%;...

Answered: 1 week ago

Question

★★★★★
The Brick Company had cash sales of $280,000 for 2018, its first year of operation. On April 2, the company purchased 210 units of inventory at $390 per unit. On September 1, an additional 160 units...

Answered: 1 week ago

Question

★★★★★
CSC 520 Lab March 9, 2018 Complete the pseudocode-style function that decides if a CFG G can generate at least 3 strings. Do not use any procedures other than the ones shown. In particular, do not...

Answered: 1 week ago

Question

★★★★★
You are the founder of a startup called Welcome Homes. Welcome Homes is trying to make it easier for home buyers to build a newly constructed home without having to deal with delays and headaches....

Answered: 1 week ago

Question

★★★★★
After researching the different forms of business organization, Natalie Koebel decides to operate "Cookie Creations" as a proprietorship. She then starts the process of getting the business running....

Answered: 1 week ago

Question

★★★★★
P. 6-1 The financial statements of an actual capital projects fund leave it to the report reader to draw inferences on key transactions. The accompanying statements of the parks, recreations, and...

Answered: 1 week ago

Question

★★★★★
An infinite solid circular cylinder is initially at a uniform temperature of 150 C. At time t = 0 the temperature around the entire boundary is suddenly reduced to 0C, and maintained thereafter....

Answered: 1 week ago

Question

★★★★★
6. Germs Co. revalued its building with historical cost of P40,000,000 and accumulated depreciation of P10,000,000 to a fair value of P48,000,000. Income tax rate is 30%. Requirements: a. Compute for...

Answered: 1 week ago

Question

★★★★★
In a report, 2-3 pages single-spaced, describe the purpose of the audit software and describe its capabilities.Provide at least two examples of how companies have used the software as it relates to...

Answered: 1 week ago

Question

★★★★★
An analyst has made a forecast of future price based on rational expectations.However, the realized price was $2 lower than the forecast.Is it correct to conclude that the forecast was not based on...

Answered: 1 week ago

Question

★★★★★
1. Imagine that you have already achieved a dream or a goal you have set for yourself. Both the goal and the dream correspond to your basic values. Try to visualize this dream or goal. What do you...

Answered: 1 week ago

Question

★★★★★
4. What means will you use to achieve these values?

Answered: 1 week ago

Question

★★★★★
5. List three of what you would call your core values. For each of these core values, answer the following questions. a. What is the purpose of this value in your life? b. How does this value affect...

Answered: 1 week ago

Previous Question Next Question