Bill Kimball

Bill Kimball
Bill Kimball has over thirteen years of experience in public accounting and provides audit and assurance services to both public and private businesses in a variety of industries including petrochemical, healthcare, hospitality, restaurants, not-for-profit, settlement trusts and employee benefit plans.
Adjusted Net Income

Adjusted Net Income

September 14, 2023

To estimate the value of a company in this context, various expenses are added back in to the net income. In addition to the salaries of owners and management, this includes depreciation and amortization of assets, one-time payments made for events such as lawsuits or equipment purchases, personal business expenses of the current owner and …

Product And Period Costs

Product And Period Costs

September 14, 2023

It is considered a selling cost because I cannot complete the sale of the product if I cannot get it to the customer. In a manufacturing company, overhead is generally called manufacturing overhead. Any of these companies may just use the term overhead rather than specifying it as manufacturing overhead, service overhead, or construction …

How To Compute Overhead Variances

How To Compute Overhead Variances

September 14, 2023

In this case, you want to investigate why your actual costs are more than your standard costs. The hourly rate in this formula includes such indirect labor costs as shop foreman and security.
Variable Overhead Spending Variance is essentially the difference between what the variable production overheadsactuallycost and what theyshouldhave …

Claim For Reimbursement For Expenditures On Official Business

Claim For Reimbursement For Expenditures On Official Business

September 13, 2023

How to get reimbursed for UW-Madison travel-related and non-travel-related expenses. Particularly for primary care doctors, who already feel that their reimbursements are too low, an enormous cost up front can be a strong disincentive. Thus, one can argue that this provides opportunities for “coding” services such that a higher …

9 3 Describe The Types Of Responsibility Centers

9 3 Describe The Types Of Responsibility Centers

September 13, 2023

For instance, a large corporation may consist of numerous smaller business groups or divisions, some or all of these organizational subunits could be set up as responsibility centers. The inputs and the outputs of the profit centres should be capable of separate measurement. By this, the need for apportionment of common input and output is …

California Gas Guzzler Tax

California Gas Guzzler Tax

September 13, 2023

A tax imposed on the purchase price of an automobile not meeting fuel efficiency standards. The estimate for your car is 21.3 miles per gallon and $1,300 is the penalty for cars like yours that score at least 20.5 mpg but less than 21.5 mpg. SUVs and trucks are exempt, and the cutoff is 22.5 mpg on the unadjusted CAFE test. That’s …