Answers to Practice Problems for Chapters 5, 6 and 7

Answers to Practice Problems for Chapters 5, 6 and 7 - h....

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The University of Texas at Austin McCombs School of Business, Business Foundations Program ACC 310F: Foundations of Accounting Answers to Practice Problems for Chapters 5, 6 and 7 1. The Fancy Granny Company a. 7,000 / (12-9) = 2,333 (rounded) b. c. 2. Thompson Town Chair Company a. Lumber DM VC b. Glue OH VC c. President’s Salary PC FC d. Wages of Chair Assemblers DL VC e. Wages of Factory Janitors OH VC f. Rent on Factory Building OH FC g. Metal Fasteners DM VC
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Unformatted text preview: h. Factory Electricity OH VC i. Marketing division wages PC VC j. Salary of Factory foreman OH FC k. Insurance on Factory Building OH FC l. Rent on Headquarters Building PC FC m. Rent on Factory Equipment OH FC Page 1 n. Advertising Expense (for Billboard) PC FC o. Accounting Department Wages PC VC p. Product packaging for Chairs DM VC q. Packing Peanuts used to ship Chairs OH VC Page 2...
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Answers to Practice Problems for Chapters 5, 6 and 7 - h....

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