External link to Question : 59.In a job cost system, the Work-in-Process Inventory controlling account : 1259584

Question : 59.In a job cost system, the Work-in-Process Inventory controlling account : 1259584

    59.In a job cost system, the Work-in-Process Inventory controlling account may be reconciled to the total of the:    A. Employee time cards.   B. Materials requisitions.   C. Work-in-Process Inventory records for each department or process.   D. Job cost sheets.         60.The year-end balance in the Materials Inventory controlling account is equal to:    A. The total of the various materials subsidiary ledger accounts (the […]

External link to Question : 61. The Goods in Process Inventory account for the AB : 1256517

Question : 61. The Goods in Process Inventory account for the AB : 1256517

    61. The Goods in Process Inventory account for the AB Corp. follows:    Goods in Process Inventory     Beginning balance 4,500         Direct materials 47,100         Direct labor 29,600   ?    Finished goods     Applied overhead 15,800         Ending balance 8,900                   The cost […]

External link to Question : Question E19-1 (One Temporary Difference, Future Taxable Amounts, One Rate, No : 1161713

Question : Question E19-1 (One Temporary Difference, Future Taxable Amounts, One Rate, No : 1161713

Question E19-1 (One Temporary Difference, Future Taxable Amounts, One Rate, No Beginning Deferred Taxes) South Carolina Corporation has one temporary difference at the end of 2014 that will reverse and cause taxable amounts of $55,000 in 2015, $60,000 in 2016, and $75,000 in 2017. South Carolina’s pretax financial income for 2014 is $400,000 and the tax rate is 30% for all years. There are no […]

External link to Question : Objective 5.8 1) Which of the following statements true of ABC : 1212091

Question : Objective 5.8 1) Which of the following statements true of ABC : 1212091

  Objective 5.8   1) Which of the following statements is true of ABC systems? A) ABC systems provide less insight than traditional systems into the management of the indirect costs. B) ABC systems are used by managers for strategic decisions rather than for inventory valuation in merchandising companies. C) Service companies find great value from ABC because a vast majority of their cost structure […]

External link to Question : 5) In linear programming, the goals of management expressed in: : 1216920

Question : 5) In linear programming, the goals of management expressed in: : 1216920

  5) In linear programming, the goals of management are expressed in: A) an objective function B) constraints C) operating policies D) business functions   6) A mathematical inequality or equality that must be appeased is known as a(n): A) objective function B) constraint C) operating policy D) business function   7) Computer Products produces two keyboards, Regular and Special. Regular keyboards have a unit […]

External link to Question : 56. The flexible budget usually shows A. only fixed costs.B. only variable costs.C. fixed and : 1197790

Question : 56. The flexible budget usually shows A. only fixed costs.B. only variable costs.C. fixed and : 1197790

  56. The flexible budget usually shows  A. only fixed costs. B. only variable costs. C. fixed and variable costs together. D. fixed and variable costs separately.   57. One element that is NOT part of the standard cost is  A. shipping. B. labor. C. materials. D. machine maintenance.   58. Standard quantity is usually determined by the  A. purchasing department. B. engineers. C. company accountant. D. shop foreman.   59. Costs that reflect what costs should be for the units […]

External link to Question : 46.  If the employee departs the organization without following the : 1234382

Question : 46.  If the employee departs the organization without following the : 1234382

  46.  If the employee departs the organization without following the organization’s harassment prevention procedures, can the employee file a complaint with the EEOC? A) No, the employee must immediately follow the organization’s harassment prevention procedures in order to qualify to file with the EEOC B) Yes, as long as the complaint is filed in and EEOC office within 180 days of when the harassment […]

External link to Question : 68.Which of the following not a user of internal accounting : 1259420

Question : 68.Which of the following not a user of internal accounting : 1259420

    68.Which of the following is not a user of internal accounting information?    A. Store manager   B. Chief executive officer   C. Creditor   D. Chief financial officer         69.Characteristics of internal accounting information include all of the following except:    A. It is audited by a CPA.   B. It must be timely.   C. It is oriented toward the future.   D. It measures efficiency and effectiveness. […]

External link to Question : 11) When plant assets exchanged: A) the old asset does not : 1230211

Question : 11) When plant assets exchanged: A) the old asset does not : 1230211

  11) When plant assets are exchanged: A) the old asset does not need to be removed from the books. B) the new asset will be debited for the list price of the asset. C) the gain or loss on the exchange is equal to the difference between the fair value and the book value of the old asset. D) total assets increase. 12) Under […]

External link to Question : 136. The process of recording a transaction in the journal called A. recordingB. journalizingC. postingD. summarizing 137. S : 1226925

Question : 136. The process of recording a transaction in the journal called A. recordingB. journalizingC. postingD. summarizing 137. S : 1226925

    136. The process of recording a transaction in the journal is called A. recordingB. journalizingC. postingD. summarizing   137. Scott, Inc. sold $65,000 of stock.  How would this transaction be entered in the journal? A. Cash                                65,000         Capital Stock                65,000            Sold stock for cash.B. Cash                            65,000      Capital Stock                      65,000             Sold stock for cash.C. Capital Stock      65,000        Cash                                     65,000               Sold […]

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