External link to Question : 31) Variable costing regards fixed manufacturing overhead as 31) ______ A) an inventoriable : 1196287

Question : 31) Variable costing regards fixed manufacturing overhead as 31) ______ A) an inventoriable : 1196287

  31) Variable costing regards fixed manufacturing overhead as 31) ______ A) an inventoriable cost. B) an unexpired cost. C) a product cost. D) a charge against sales. E) a deferred asset. Use the information below to answer the following question(s).   Beauty Supply Company manufactures shampoo. Your supervisor has provided you with the following information and informs you that standard costing is used for […]

External link to Question : 91. When accounting for a cash flow hedge of an recognized : 1230346

Question : 91. When accounting for a cash flow hedge of an recognized : 1230346

    91. When accounting for a cash flow hedge of an recognized asset or liability, which of the following is/are true?  A. If the derivative is not highly effective in neutralizing the gain or loss on the hedged item, then the firm must reclassify the ineffective portion to net income immediately and not wait until the gain or loss on the hedged items affects net income. […]

External link to Question : Learning Objective 6-2 6.2-1) Which statement best describes the proper accounting : 1253310

Question : Learning Objective 6-2 6.2-1) Which statement best describes the proper accounting : 1253310

  Learning Objective 6-2   6.2-1) Which statement best describes the proper accounting treatment for long-term assets classified as property, plant, and equipment? A) Record them as assets and then depreciate them over an estimated useful life. B) Record them as expenses when purchased using the cost principle. C) Record them as assets and adjust them to market value each accounting period using the straight-line […]

External link to Question : 51. A firm sells its headquarters building at a gain. means : 1245929

Question : 51. A firm sells its headquarters building at a gain. means : 1245929

    51. A firm sells its headquarters building at a gain.  This means that at the time of sale  A. the cash or other assets received were greater than the building’s book value. B. the cash or assets received in a transaction were less than the carrying value of the assets given up. C. the cash or other assets received were greater than the building’ carrying value. D. the […]

External link to Question : 81.Watson Corporation considering buying a machine for $25,000. Its estimated : 1258733

Question : 81.Watson Corporation considering buying a machine for $25,000. Its estimated : 1258733

  81.Watson Corporation is considering buying a machine for $25,000. Its estimated useful life is 5 years, with no salvage value. Watson anticipates annual net income after taxes of $1,500 from the new machine. What is the accounting rate of return assuming that Watson uses straight-line depreciation and that income is earned uniformly throughout each year?     A. 6.0%. B. 8.0%. C. 8.5%. D. 10.0%. E. 12.0%. 82.The accounting rate […]

External link to Question : 83.              A transfer should be reported in the operating statement : 1255431

Question : 83.              A transfer should be reported in the operating statement : 1255431

  83.              A transfer should be reported in the operating statement of the General Fund as a(an): A)Revenue or Expenditure. B)Due from or Due to Other Funds. C)Other Financing Source or Use. D)None of the above, it is a direct increase or decrease to fund balance. 84.              The Revenues Control account of the General Fund is debited when: A)The budget is recorded at the beginning […]

External link to Question : 108.The Gardner Company expects sales for October of $248,000. Experience : 1236725

Question : 108.The Gardner Company expects sales for October of $248,000. Experience : 1236725

  108.The Gardner Company expects sales for October of $248,000. Experience suggests that 45% of sales are for cash and 55% are on credit. The company collects 50% of its credit sales in the month of sale and 50% in the month following sale. Budgeted Accounts Receivable on September 30 is $67,000. What is the amount of cash expected to be collected in October?     […]

External link to Question : 51. To check for accuracy after posting: first a trial balance : 1256311

Question : 51. To check for accuracy after posting: first a trial balance : 1256311

    51. To check for accuracy after posting: first a trial balance is completed, then the subsidiary ledgers are tested by preparing a schedule of the controlling account.     52. A company using the periodic inventory system does not record the increase in cost of goods sold and decrease in inventory at the time of each sale in the sales journal.     53. The purchases […]

External link to Question : 6) Boron Company provided the following information: Budgeted input82,000gallons Actual input82,800gallons Budgeted production80,000units Actual : 1211792

Question : 6) Boron Company provided the following information: Budgeted input82,000gallons Actual input82,800gallons Budgeted production80,000units Actual : 1211792

  6) Boron Company provided the following information: Budgeted input82,000gallons Actual input82,800gallons Budgeted production80,000units Actual production81,500units   What is the partial productivity ratio? A) 1.01 units per gallon B) 1.02 units per gallon C) 0.98 units per gallon D) 0.97 units per gallon 7) Bromint Company provided the following information: Budgeted input89,500gallons Actual input87,700gallons Budgeted production42,000units Actual production43,000units   What is the partial productivity ratio? […]

External link to Question : 81) _____________ 82) Zebra Jewellers manufactured 2,000 necklaces during March with : 1196273

Question : 81) _____________ 82) Zebra Jewellers manufactured 2,000 necklaces during March with : 1196273

  81) _____________ 82) Zebra Jewellers manufactured 2,000 necklaces during March with a total overhead budget of $49,600. However, while manufacturing the 2,000th necklace the microcomputer that contained the month’s cost information broke down. With the computer out of commission, the accountant has been unable to complete the variance analysis report. The missing information of the report is lettered in the following set of data: […]

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