External link to Question : 41. Which of the following costs an example of a product-level : 1208243

Question : 41. Which of the following costs an example of a product-level : 1208243

  41. Which of the following costs is an example of a product-level cost?  A. Inventory holding costs B. Machine setup costs C. Materials and labor costs D. Shipping and handling costs 42. Which of the following costs is an example of a batch-level cost?  A. Assembly setup costs B. Materials handling costs C. Shipping and handling costs to ship an order to a customer D. All of the other answers are correct. 43. Engineering design […]

External link to Question : 152. Six selected transactions for the current month indicated by letters : 1234312

Question : 152. Six selected transactions for the current month indicated by letters : 1234312

  152. Six selected transactions for the current month are indicated by letters in the following T accounts in a job order cost accounting system:  Materials   Work in Process   (a)   (a) (d)       (b)         (c)   Wages Payable   (f)     (b)                 Factory Overhead   Finished Goods (a) […]

External link to Question : 128.Chang Industries has bonds outstanding with a par value of : 1258330

Question : 128.Chang Industries has bonds outstanding with a par value of : 1258330

    128.Chang Industries has bonds outstanding with a par value of $200,000 and a carrying value of $203,000. If the company calls these bonds at a price of $201,000, the gain or loss on retirement is:    A.$1,000 gain   B.$2,000 loss   C.$3,000 gain   D.$1,000 loss   E.$2,000 gain         129.A company retires its bonds at 105. The face value […]

External link to Question : 61. Ortega Company reported the following information for the company’s two : 1208245

Question : 61. Ortega Company reported the following information for the company’s two : 1208245

  61. Ortega Company reported the following information for the company’s two products:    Assume that 75,000 machine hours are available; product X takes 2 machine hours to produce, and product Y takes 4 machine hours to produce. The company can sell all it can make of either product. Which of the following statements is true?  A. Product X should be produced because more of it can […]

External link to Question : 77. Several transactions listed below, with the accounting equation stated to : 1224863

Question : 77. Several transactions listed below, with the accounting equation stated to : 1224863

  77. Several transactions are listed below, with the accounting equation stated to the right side of each. Use the following identification codes to indicate the effects of each transaction on the accounting equation: I = Increase; D = Decrease; NE = No net effect. Write your answers in the space provided under the accounting equation, being sure to include an identification code for each element […]

External link to Question : 41) The (the difference between the actual market size in : 1186069

Question : 41) The (the difference between the actual market size in : 1186069

  41) The (the difference between the actual market size in units and the budgeted market size in units) times (the budgeted market share) times (budgeted contribution margin per composite unit for the budgeted mix) is called the A) budgeted market-size variance. B) budgeted market-share variance. C) market-share variance. D) market-size variance. E) sales quantity variance. Use the information below to answer the following question(s). […]

External link to Question : 95. The journal entry a company records for the issuance of : 1226706

Question : 95. The journal entry a company records for the issuance of : 1226706

    95. The journal entry a company records for the issuance of bonds when the contract rate is less than the market rate would be   A. debit Bonds Payable, credit Cash B. debit Cash and Discount on Bonds Payable, credit Bonds Payable C. debit Cash, credit Premium on Bonds Payable and Bonds Payable D. debit Cash, credit Bonds Payable   96. When the market rate of interest was 11%, […]

External link to Question : 51. Park Inc. owns 35 percent of Exeter Corporation. During the : 1245756

Question : 51. Park Inc. owns 35 percent of Exeter Corporation. During the : 1245756

    51. Park Inc. owns 35 percent of Exeter Corporation. During the calendar year 2013, Exeter had net earnings of $300,000 and paid dividends of $36,000. Park mistakenly accounted for the investment in Exeter using the cost method rather than the equity method of accounting. What effect would this have on the investment account and net income, respectively?  A. Understate, overstate B. Overstate, understate C. Overstate, overstate D. Understate, […]

External link to Question : 31. The four general approaches that companies use to develop employees : 1251058

Question : 31. The four general approaches that companies use to develop employees : 1251058

    31. The four general approaches that companies use to develop employees include:  A. formal education, assessment, job experiences, and interpersonal relationships. B. job rotation, promotion, transfer, and job sharing. C. psychological tests, assessment centers, Myers-Briggs Type Indicator, and performance feedback. D. business games, formal courses, team building, and assessment. Four approaches are used to develop employees: formal education, assessment, job experiences, and interpersonal relationships. Many companies use a […]

External link to Question : 16) What cost allocated to abnormal spoilage using the weighted-average : 1217044

Question : 16) What cost allocated to abnormal spoilage using the weighted-average : 1217044

  16) What cost is allocated to abnormal spoilage using the weighted-average process-costing method? A) $ 0 B) $26,880 C) $53,760 D) $29,000 17) What are the amounts of direct materials and conversion costs assigned to ending work in process using the weighted-average process-costing method? A) $6,720; $27,840 B) $27,840 $6,720 C) $27,840; $33,600 D) $33,600; $27,840   18) The cost per good unit in […]

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