External link to Question : 61) A variance considered to be 61) ______ A) the : 1196049

Question : 61) A variance considered to be 61) ______ A) the : 1196049

    61) A variance is considered to be   61) ______ A) the difference allowed in the current production costs. B) the difference between budgeted amounts and actual results. C) the difference between current operating costs and last year’s operating costs. D) the difference between the historical cost and the current cost. E) the difference between the original budget and the final adjusted budget. […]

External link to Question : 11) Mac, Inc. purchased a truck October 1, 2011 in : 1253200

Question : 11) Mac, Inc. purchased a truck October 1, 2011 in : 1253200

    11) Mac, Inc. purchased a truck on October 1, 2011 in exchange for a 12-month, 9%, $100,000 note. What effect does the October 31, 2011 adjusting entry for interest have on the company’s total assets? A) increase B) decrease C) no effect 12) Mac, Inc. purchased a truck on October 1, 2011 in exchange for a 12-month, 9%, $100,000 note. What effect does […]

External link to Question : 41.When a payment due determined by the invoice date and A.credit : 1220598

Question : 41.When a payment due determined by the invoice date and A.credit : 1220598

  41.When a payment is due is determined by the invoice date and   A.credit terms. B.accounting cycle. C.delivery date. D.transportation schedule. 42.The total of the individual creditor accounts in the subsidiary ledger must ________ the balance of the Accounts Payable control account.   A.be greater than B.be less than C.be equal to D.be subtracted from 43.The objective of internal control of purchases is to   A.create written […]

External link to Question : 71. During Year 4, Charley Company had a net increase in : 1230448

Question : 71. During Year 4, Charley Company had a net increase in : 1230448

    71. During Year 4, Charley Company had a net increase in accounts payable for purchases on account. Accounting classifies this source of cash in the _____ section of the statement of cash flows.  A. Investing B. Operations C. Financing D. Exchange E. Funds Flow   72. During Year 6, Delta Company had a net $4,000 increase in customer advances. The T-account work sheet for preparing the statement of cash flows  […]

External link to Question : 81. Allowance for Doubtful Accounts has a credit balance of $1,400 : 1251967

Question : 81. Allowance for Doubtful Accounts has a credit balance of $1,400 : 1251967

  81. Allowance for Doubtful Accounts has a credit balance of $1,400 at the end of the year (before adjustment).  The company prepares an analysis of customers’ accounts to estimate the amount of uncollectible accounts of $17,900.  Which of the following adjusting entries would be made to record the Bad Debt Expense for the year?   A. debit allowance for doubtful Accounts, $16,500; credit Bad Debt Expense, […]

External link to Question : 91. A business operated at 100% of capacity during its first : 1251630

Question : 91. A business operated at 100% of capacity during its first : 1251630

    91. A business operated at 100% of capacity during its first month and incurred the following costs:  Production costs (20,000 units):     Direct materials$180,000    Direct labor240,000    Variable factory overhead280,000    Fixed factory overhead  100,000$800,000     Operating expenses:     Variable operating expenses$130,000    Fixed operating expenses    50,000180,000 If 1,500 units remain unsold at the end of the month, what is the amount […]

External link to Question : Learning Objective B-1 1) An ERP includes ________. A) accounting information for : 1252971

Question : Learning Objective B-1 1) An ERP includes ________. A) accounting information for : 1252971

    Learning Objective B-1   1) An ERP includes ________. A) accounting information for financial statements B) human resources information C) information about production and distribution of products D) all of these   2) A general journal provides a ________. A) list of accounts and their debit or credit balances after the temporary accounts have been closed B) chronological record of transactions C) list […]

External link to Question : 141. In a cost-volume-profit chart, the A. total cost line begins at zero.B. slope : 1239479

Question : 141. In a cost-volume-profit chart, the A. total cost line begins at zero.B. slope : 1239479

    141. In a cost-volume-profit chart, the A. total cost line begins at zero.B. slope of the total cost line is dependent on the fixed cost per unit.C. total cost line begins at the total fixed cost value on the vertical axis.D. total cost line normally ends at the highest sales value.   142. The relative distribution of sales among the various products sold by a business is termed the: A. business’s basket […]

External link to Question : 71. In the same time period, it possible that a : 1256547

Question : 71. In the same time period, it possible that a : 1256547

    71. In the same time period, it is possible that a production department can produce 1,000 equivalent finished units with respect to direct materials and 1,200 equivalent finished units with respect to direct labor.     72. If a production department has 100 equivalent units of production with respect to direct materials in a given reporting period, the equivalent units of production with […]

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