75 Pages

#### 25

Course: ACCOUNTING x1a, Spring 2011

School: UCLA

Word Count: 8399

Rating:

###### Document Preview

25 Standard CHAPTER Costs and Balanced Scorecard ASSIGNMENT CLASSIFICATION TABLE Brief Exercises 1 A Problems B Problems Study Objectives 1. Distinguish between a standard and a budget. Identify the advantages of standard costs. Describe how companies set standards. State the formulas for determining direct materials and direct labor variances. State the formula for determining the total manufacturing overhead...

##### Unformatted Document Excerpt
Coursehero >> California >> UCLA >> ACCOUNTING x1a

Course Hero has millions of student submitted documents similar to the one
below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.

Course Hero has millions of student submitted documents similar to the one below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.

Find millions of documents on Course Hero - Study Guides, Lecture Notes, Reference Materials, Practice Exams and more. Course Hero has millions of course specific materials providing students with the best way to expand their education.

Below is a small sample set of documents:

UCLA - ACCOUNTING - x1a
SOLUTION Chapter 19 Waterways Continuing Problem19-1(b)Waterways Corporation Cost of Goods Manufactured Schedule For the Month of November Work in process 11/1 Direct materials Raw materials inventory 11/1 \$ 38,000 Raw material purchases 185,400 Total
UCLA - ACCOUNTING - x1a
SOLUTION Chapter 20 Waterways Continuing ProblemWCP20 (a) Job Number_ Item_ Direct Materials Direct Labor Hours JOB COST SHEET Quantity_ Date Requested_ Date Completed _ Manufacturing Overhead Rate AmountDateCost Summary Direct materials Direct labor M
UCLA - ACCOUNTING - x1a
SOLUTION Chapter 21 Waterways Continuing ProblemWCP21 (a) Production Report - Weighted-Average MethodWaterways Corporation Molding Department Production Report For the month of JanuaryEquivalent Units Physical Units Quantities Units to be accounted for
UCLA - ACCOUNTING - x1a
SOLUTION Chapter 22 Waterways Continuing Problem WCP22 (Note: All figures are rounded.) (a) (1) The contribution margin ratio is 30% (\$883,920 \$2,937,120):Waterways Corporation Contribution Margin Income Statement for Water Control and Timer For the Year
UCLA - ACCOUNTING - x1a
SOLUTION Chapter 23 Waterways Continuing Problem WCP23 (a) Sales budgetWaterways Corporation Sales Budget For the first quarter of 2011 First Quarter February 112,500 \$ 12.00 \$ 1,350,000Expected unit sales Unit selling price Total salesJanuary 113,333
UCLA - ACCOUNTING - x1a
SOLUTION Chapter 24 Waterways Continuing Problem WCP 24 (a)Waterways Corporation Manufacturing Overhead Flexible Budget For the Month of March Production in units Variable costs Indirect materials(\$.06/unit a) Indirect labor (\$.10/unit b) Utilities (\$.09
UCLA - ACCOUNTING - x1a
SOLUTION Chapter 25 Waterways Continuing Problem WCP25 (a)Materials Price Variance Actual Quantity less Actual Quantity x Actual Price x Standard Price 229,000 lbs x \$0.74 = \$169,460 229,000 lbs x \$0.75* = \$171,750less= \$2,290 F* Standard price per po
UCLA - ACCOUNTING - x1a
SOLUTION Chapter 26 Waterways Continuing Problem WCP26 (a) (1)NET PRESENT VALUE Buy New Backhoes 8% Time Cash Discount Present Period Flow Rate Value 0 \$ 200,000 1 \$ (200,000) 0 42,000 1 42,000 8 53,900 5.74664 309,744 8 90,000 0.54027 48,624 \$ 200,368E
UCLA - ACCOUNTING - x1a
CCC1CONTINUING COOKIE CHRONICLE(a)Natalie has a choice between a sole proprietorship and a corporation. A partnership is not an option since she is the sole owner of the business. A proprietorship is the easiest to create and operate because there are
UCLA - ACCOUNTING - x1a
CCC2CONTINUING COOKIE CHRONICLE(a)GENERAL JOURNAL Account Titles and Explanation 8 No entry required for cashing U.S. Savings Bonds-this is a personal transaction. 8 Cash . N. Koebel, Capital. 11 Advertising Supplies . Cash. 13 Baking Supplies . Cash.
UCLA - ACCOUNTING - x1a
CCC3CONTINUING COOKIE CHRONICLE(a) Date GENERAL JOURNAL Account Titles and Explanation Debit 105 105 J2 CreditNov. 30 Advertising Supplies Expense. Advertising Supplies . (\$165 \$60) 30 Baking Supplies Expense. Baking Supplies . 30 Depreciation Expense.
UCLA - ACCOUNTING - x1a
CCC4CONTINUING COOKIE CHRONICLE(a) COOKIE CREATIONS Income Statement Two Months Ended December 31, 2009 Revenues Teaching revenue . Expenses Baking supplies expense. Salaries expense. Advertising supplies expense. Telephone expense . Insurance expense .
UCLA - ACCOUNTING - x1a
CCC5CONTINUING COOKIE CHRONICLE(a) Responses to Natalie's questions 1. The mixers should be classified as inventory as they are for resale. 2. A perpetual inventory system will provide better control over inventory. Because you are dealing with high-val
UCLA - ACCOUNTING - x1a
CCC6CONTINUING COOKIE CHRONICLE(a) COST OF GOODS AVAILABLE FOR SALE Explanation Units Unit Cost Total Cost Beginning Inventory 3 \$595 \$1,785 Purchase 2 600 1,200 Purchase 1 618 618 Purchase 2 612 1,224 Purchase 3 625 1,875 Total 11 \$6,702Date Feb. 1 Fe
UCLA - ACCOUNTING - x1a
CCC8CONTINUING COOKIE CHRONICLEPart 1 The weaknesses in internal accounting controls in the system recommended by John are: (1) (2) The cash could be stolen from John's vehicle before it is deposited in the bank. John could potentially steal from the co
UCLA - ACCOUNTING - x1a
CCC9CONTINUING COOKIE CHRONICLE(a)Answers to Natalie's questions 1. Calculations you should perform on the statements are: Working capital = Current assets Current liabilities Current ratio = Current assets Current liabilities Inventory turnover = Cost
UCLA - ACCOUNTING - x1a
CCC10CONTINUING COOKIE CHRONICLE(a)Purchase price. Painting . Shelving . Cost of van.\$36,500 2,500 1,500 \$40,500(b) Straight-line depreciation Depreciable Cost X \$33,000* 33,000 33,000 Deprec. Rate 20% X 4/12 20% 20% Deprec. = Expense \$2,200 6,600 6,
UCLA - ACCOUNTING - x1a
CCC11CONTINUING COOKIE CHRONICLE(a)Estimated liability, 2010 30 mixers sold X 10% = 3 mixers X \$60 = \$180(b) 2010 Dec. 31 Warranty Expense . Warranty Liability . (c) 2011 Warranty Liability-2010 . Cash. Warranty Liability-2011 . Cash. (d) Estimated li
UCLA - ACCOUNTING - x1a
CCC12CONTINUING COOKIE CHRONICLE(a) 1. A formalized partnership agreement is imperative. A formal agreement will ensure that you consider all possible situations, contingencies, and disagreements that could arise. At present, you may be in agreement wit
UCLA - ACCOUNTING - x1a
CCC13CONTINUING COOKIE CHRONICLE(a) 1. One of the major advantages of issuing preferred shares is that the preferred stockholder does not have voting rights. In this case, Curtis's dad and Natalie's grandmother can participate in the future success of C
UCLA - ACCOUNTING - x1a
CCC14CONTINUING COOKIE CHRONICLEDate (a) Dec.GENERAL JOURNAL Account Titles and Explanation 1 Cash. Preferred Stock. 30 Retained Earnings (2,800 X \$0.50 X 1/2) . Dividends Payable . 1 Dividends Payable . Cash . 30 Treasury Stock . Cash .J1 Debit 4,000
UCLA - ACCOUNTING - x1a
CCC15CONTINUING COOKIE CHRONICLE(a)Alternative 1 (A) Cash Payment (B) + (C) \$ 2,300 2,250 2,200 2,150 2,100 2,050 \$13,050 (B) (C) Interest Reduction of Expense Principal (D) X 5% X 6/12 (\$2,000 every 6 mo.) \$ 300 250 200 150 100 50 \$1,050 \$ 2,000 2,000
UCLA - ACCOUNTING - x1a
CCC16CONTINUING COOKIE CHRONICLE(a)1. The amount of influence you would have in The Beanery would determine how you would account for the investment. Given that you would own 30% of the common shares of the Beanery, it would be assumed (unless there wa
UCLA - ACCOUNTING - x1a
CCC17CONTINUING COOKIE CHRONICLE(a)Indirect method COOKIE &amp; COFFEE CREATIONS INC. Cash Flow Statement Year Ended October 31, 2011Operating activities Net income. Adjustments to reconcile net income to net cash provided by operating activities: Depreci
UCLA - ACCOUNTING - x1a
CCC18CONTINUING COOKIE CHRONICLE(a) 1.Current ratio\$59,666 = 1.9:1 \$31,4862. Receivables turnover\$462,500 = 142.3 times \$3,2503. Inventory turnover\$231,250 = 12.9 times \$17,8974.Debt to total assets\$37,486 = 25.1% \$149,5165. Interest coverage
A.T. Still University - ECON - 111
UC Davis - CHEM - 118C
118C Spring 2011 Problem Set 3Question 1 of 3 6.0 PointsLook at the given reaction. Fill in the blanks using the compound letters or vocabulary words as appropriate (spelling counts!). The major product of this reaction series is compound . If we skippe
CSU Dominguez Hills - SMT - 310
CSU Dominguez Hills - SMT - 310
CSU Dominguez Hills - SMT - 310
CSU Dominguez Hills - SMT - 310
1.- The Trigger EffectMan's love-hate relation with technology. Ex. N.Y. Black out (11/9/65). Everything is &quot;connected&quot;, something fails (a relay) everything becomes unstable. Every innovation acts as a trigger of change. The scratch plough is the first
CSU Dominguez Hills - SMT - 310
2.- The Road from AlexandriaGold used to &quot;buy&quot; goods and services (700 B.C.) Touchstone used to determine gold's quality. King Gyges (687-652 B. C.) mint seal.Yellow marks: pure gold White marks: gold mixed with silver Red marks: gold mixed with copper
CSU Dominguez Hills - SMT - 310
3.- Distant VoicesEnergy is the ultimate currency! What's Energy? The capacity to do work. It is neither created nor destroyed, only transformed. Types of Energy: 1. Kinetic (motion) and 2. Potential (condition). Energy can be transferred in two ways: He
CSU Dominguez Hills - SMT - 310
Negotiation has prevented armed confrontations in many occasion in recent history. The telephone and most recently teleconferences have played and will continue to play a fundamental role on how governments settle their differences. Other important empire
CSU Dominguez Hills - SMT - 310
Make sure you read the readings on binary numbers pg 100-101. You are responsible for knowing how to convert a decimal number to a binary and vice-versa. Let's look at some examples: Binary to Decimal: Convert 10110101 to decimal: Set up your &quot;scale&quot; so t
CSU Dominguez Hills - SMT - 310
6.- Fuel to the flameSources of fuel and its use Heating: Little ice age (13th century; lasted ~200 yrs) triggered changes in living patterns of European community. Could have been caused by sun spots. Up to this point central fire &amp; hole in the roof. Si
CSU Dominguez Hills - SMT - 310
7.- The long chainFrom Ships to plastics The jet is one of the most efficient innovations to the forms of transportation since the 17th century. The need for transporting cargo (and even for battle) resulted in the creation of efficient ships. The Galleo
CSU Dominguez Hills - SMT - 310
8.- Eat, Drink, and Be MerryBanking: Leonardo Fibonacci (around 1250) brought the Arabic numerical system back from North Africa and the double-entry book keeping appeared (accounting). By 1470, 32 separate banks in Florence alone. War: In 1476, Charles
CSU Dominguez Hills - SMT - 310
9.- Lighting the wayMaps: several techniques and devices were designed in order to survey the land to make maps. Elaborated measuring instruments (see video) started to develop in order to make cannons more precise (16th century). In 1579 (43 years after
CSU Dominguez Hills - SMT - 310
Hello and welcome to SMT 310! This is Dr. Martinez, your instructor. This document willprovide you with a few instructions on how to take this class.1.- Click on the Course Information section on the left menu and get a copy of the syllabus.That docume
CSU Dominguez Hills - SMT - 310
SMT 310: Science and TechnologyObjectives: This class is a capstone to lower division general education in the sciences.It provides additional knowledge in science and technology It shows how to study science and technology.In this class, we will follo
CSU Dominguez Hills - SMT - 310
SMT 310 Science Mathematics and Technology Instructor: Dr. H. L. Martinez Texts: Connections, Burke J. G. and SMT 310 readings (Available at the bookstore). Examinations: Exam 1 by Jun. 3 Exam 2 by Jun. 9 Exam 3 by Jun. 15 Final by Jun. 17 Any changes (ve
USC - PPD - 240
November 15, 2010 Recap: CAPRA Problem Solving Corporate Social Responsibility Why Social Bonds and Connections are Key50% of Points Still To Come Quizzes (2 more can boost score) Outline: 50 Paper: 200 Final: 150 Extra Credit: 50 Participation: 100So
USC - PPD - 240
November 2, 2010 Liberalism &amp; Communitarianism I &amp; We Paradigm Introduction to New Book CaseLiberalism &amp; Communitarianism Generally contrasted with Liberalism in a nutshell: Based on Communitarianism in a nutshell: Based on Simply: a debate between
USC - PPD - 240
November 4, 2010 &quot;No Community, No Democracy&quot; Definitions of Community Behavior and Norms Social Mores and Laws Soft Communitarianism Outline Guidance&quot;No Community, No Democracy&quot; Society's bonds must be more than chance People are supposed to decide th
USC - PPD - 240
Whiteboard Outline Answers 1. Role of P.A. Serve the citizens Balance role of mediator between government and citizensDesign Approach to address problem Gather facts and recognize uncertainties Define the problem Time Problems are dynamicInternal and Ex
USC - PPD - 240
BOWEN1Multicultural Education: 2010 I. Introduction 1. Research Question: i. Does multicultural education promote tolerance or divide society? 2. Description of multicultural education and its original goal i. From Brown v. board to ii. Example of part
USC - PPD - 240
Chris Bowen PPD 240 Dr. D. Yoder 2 December 2010 QUIZ - PIT BULLS The main issue here is the dangerous nature inherent in the pit bull breed coupled with irresponsible owners exploiting this fact. It has been proven over and again that they are more vicio
USC - PPD - 240
November 30, 2010 Etzioni on Shared Values Policy Implications of Shared Values Diversity Within Unity (Ch. 25) Group ExerciseQuote of the Day A person who is not at all moved by the future consequences of his or her present behavior can confidently be
USC - PPD - 240
November 9, 2010 Inequality SocialCapital CAPRA ExerciseInequality (Ch. 11) Critics of Communitarianism:Membership in a community implies access to resources of comm Communitarians assume that American society is equal enough Communitarians limit d
USC - AHIS - 121
Primitivism: Modernism and AntiModernismVincent Van Gogh SelfPortrait with a Bandaged Ear oil on canvas 1888Van Gogh Starry Night 1889Paul Gauguin Yellow Christ oil on canvas 1889Paul Gauguin The Vision after the Sermon 1888Paul Gauguin Spirit of the
Final Project Information FBE 400X October 19, 2010 Project description For the final project, you will be going out into the &quot;real world&quot; of the LA real estate market and analyzing an investment opportunity. You will produce a before-tax levered spreadsh
Course IntroductionReal Estate Space and Asset MarketsWhat is a &quot;market&quot;?.A mechanism for the voluntary exchange of goods and services among owners.Two types of markets relevant to commercial property:1. The Space Market . . . For the usage (or righ
Lecture Topic 3 Basic Micro-level ValuationThree approaches to valuation Sales comparison approach Cost Approach Income approach Direct capitalization method Discounted cash flow methodThe Sales Comparison Approach An approach to value based on data pr