by Patricia | Oct 24, 2023 | Bookkeeping
Evaluate volume and customization level for batch production scenarios. Direct costs, on the other hand, can easily be traced to specific products or services. If you manufacture face masks, you can calculate the amount of each fabric (raw materials) you use in each...
by Patricia | Oct 17, 2023 | Bookkeeping
For this section of the exercise, the key takeaway is that the CM requires matching the revenue from the sale of a specific product line, along with coinciding variable costs for that particular product. However, the contribution margin facilitates product-level...
by Patricia | Oct 9, 2023 | Bookkeeping
The act of appropriation does not increase the cash available for the acquisition and is, therefore, unnecessary. It may be done, however, if management believes that it will help the stockholders accept the non-payment of dividends. If an investor is looking at...
by Patricia | Ago 1, 2023 | Bookkeeping
In order to adequately maintain the docks and provide safe storage for its boats, ABC must routinely replace rotten or damaged boards on the docks. These costs are incurred as part of general maintenance and do not extend the life of the dock at all. This would be an...
by Patricia | Jun 23, 2023 | Bookkeeping
Using the data we gathered from this case study, we are able to compare QuickBooks Online and Desktop across several key categories, such as pricing, ease of use, general features, A/P, A/R, and banking. We are driven by the Fit Small Business mission to provide you...
by Patricia | May 18, 2023 | Bookkeeping
For every debit you record, there will be a corresponding credit. Accurately recording your business transactions and how they affect different accounts is vital for understanding your business’s financial health. Small businesses may opt for cash basis...
