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Is electricity cost a controllable cost?
Electricity cost not a controllable cost. The manager cannot influence this type of expense. To the extent where a cost cannot be managed it is indeed a non controllable, now for electricity, to the extent where consumption can be raised or lowered it becomes a controllable cost. If the consumption can be optimized through processes or equipments it then is a controllable cost.
Fees earned but not yet received?
fees earned but not yet received is what account
Show me How do you prepare an income statement?
fees earned-950,000 office expense -222,000 miscellaneous expense-16,000 wage expense-478,000
Give you some examples of selling expense?
Selling expense is any type of expense incurred to try to sell an item. Advertising, holding fees, and the purchase price that you paid for the item are all selling expenses.
Are fees earned a liability?
as a customer fee is my expense so its goes under nominal a/c
Is electricity cost a controllable cost?
Electricity cost not a controllable cost. The manager cannot influence this type of expense. To the extent where a cost cannot be managed it is indeed a non controllable, now for electricity, to the extent where consumption can be raised or lowered it becomes a controllable cost. If the consumption can be optimized through processes or equipments it then is a controllable cost.
Unused fees on credit line should be operating expenses or interest expense?
Interest Expense
Are legal fees an expense?
Usually, yes: very.
Are all fixed expense controllable or uncontrollable?
"Controllable by whom?" should be the first consideration.A controllable expense is one that the manager responsible for controlling that particular expense has some influence over. So if you look at any given fixed expense, it may be controllable by manager X, while it is uncontrollable by manager Y, if Y has no control over it.In the short run, fixed costs may be controllable ORuncontrollable.If the fixed expense is discretionary (for example, a fixed budget of $500 a year for his department's annual summer outing), the manager can cancel the outing without affecting production (except to the extent that department morale is affected, and that is not a measurable accounting cost.). The $500 would be a fixed controllable cost to the manager, because he can avoid the expense entirely by cancelling the outing.However, the amount of monthly rent paid on a factory building is usually a fixed cost that the factory manager cannot change, and so it is a fixed uncontrollable cost to the manager because it is non-discretionary for the manager.The major purpose of dividing variable and fixed costs into "controllable" and "uncontrollable" costs is to aid in evaluating a manager's performance, in order to to hold him responsible only for controlling the expenses that he or she could have controlled, i.e., those expenses that he or she had both the responsibility and the authority to control.
Fees earned but not yet received?
fees earned but not yet received is what account
Show me How do you prepare an income statement?
fees earned-950,000 office expense -222,000 miscellaneous expense-16,000 wage expense-478,000
Which of the following is not one of the main sources of auto dealer profits?
Licensing Fees.
Which of the followering is not one of the main sources of auto dealer profits?
Licensing Fees.
Explain why a lithium-cadmium battery is so much more expensive than a zinc-carbon battery?
I have not heard of a lithium-cadmium battery, but the expense of anything is due in large part to the cost of the materials and the processing necessary for manufacture. These costs can also include the various taxes and 'fees' charged by the government, licensing fees to patentholders, and whatnot.
Are commitment fees on unused revolving credit line classified as interest expense or other expense?
interest expense - see nutrisystem, kona grill, franklin covey 10K's as examples
Is licensing fees one of the main sources of auto dealer profits?
No. The money goes to the state.
What sort of licensing do I need for concession trailers in Denver, Colorado?
You will have to fill out a application for licensing, and pay fees. You can also ask the grounds what kind of license you need for that area.
