Yin Hung Chan
Cost Accounting HW#10
#8-6
unit produce in March
Production
X4 ounces
ounce production
Desired ending inv (20%)
Total needs
Less: Beginning Inventory
Ounces purchased
#8-8
Junes production needs
Units to be produced
D/M per unit (yards) 25
p
CHAPTER 19
ACCOUNTING FOR INCOME TAXES
IFRS questions are available at the end of this chapter.
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CHAPTER 22
ACCOUNTING CHANGES AND ERROR ANALYSIS
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Change in accounting estimate.
Errors in financial
CHAPTER 20
ACCOUNTING FOR PENSIONS
AND POSTRETIREMENT BENEFITS
IFRS questions are available at the end of this chapter.
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CHAPTER 23
STATEMENT OF CASH FLOWS
IFRS questions are available at the end of this chapter.
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Primary
ACCT 305
Exercise 11B-2
Ricks harbor side: 2000000*32%=$640000
Imperial Garden : 2000000*50%=$1000000
Ginger Work
: 2000000*18%=$360000
As Imperial Garden manager is satisfied because as the sale goes up, the cost also
goes up and the allocation of fixed
Chapter 8
Sunday, December 20, 2015
7:49 AM
Budget
Detailed plan for the future that is usually expressed in formal quantitative terms
Once budget is established, actual spending is compared to the budget to make sure the plan is
being followed
A good bud
Chapter 10
Wednesday, December 16, 2015
6:26 PM
standard
benchmark for measuring performance
found everywhere
labor time standards for the completion of certain tasks
exacting standards for the quantity of meat going into a sandwich
standards if age, heig
Chapter 9
Tuesday, December 15, 2015
2:05 PM
Variance Analysis Cycle
used by companies to evaluate and improve performance.
1 preparation of performance reports in the accounting department
2 analyze variances
3 raise questions
4 identify root causes
5 ta
Chapter 7
Sunday, December 20, 2015
7:50 AM
Activity-Based costing (ABC)
Costing method that is designed to provide managers with cost information for strategic and other
decisions that potentially affect capacity and therefore "fixed" as well as variable
CHAPTER 21
ACCOUNTING FOR LEASES
IFRS questions are available at the end of this chapter.
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Benefits o
ACCOUNTING 202 FINAL REVIEW
CHAPTER 21
D 21.
Major reasons why a company may become involved in leasing to other companies is (are)
a.
b.
c.
d.
D 22.
Which of the following is an advantage of leasing?
a.
b.
c.
d.
B 23.
A 25.
Leases are not capitalized.
Le
NAME:
Class: Cost Accounting
HOMEWORK #6: 6-20 and 6-21
6-21
UNIT INFORMATION
Units to account for:
Units in beginning work in process 10,000
Units started during the month
70,000
Total units to account for 80,000
Units counted for:
Units transferred/comp
No classes next Thursday, February 12
02/05/15
Chapter 1
Differences between Financial Accounting and Managerial Accounting:
Financial
1. Focuses on providing information for exterior users
2. The restrictions of GAAP set by the SEC, well-defined processe
Chapter 13:
d59. What is a contingency?
a. An existing situation where certainty exists as to a gain or loss that will be
resolved when one or more future events occur or fail to occur.
b. An existing situation where uncertainty exists as to possible loss
CHAP 6
56. d $5,000 (1.06)2 = $5,618.
60. b $500,000 0.51316 = $256,580.
61. c $63,017 $100,000 = 0.63017; 0.63017 is PV factor for 6 years.
63. a $10,000 4.11141 = $41,114.
67. a $20,000 4.11141 = $82,228.
88. b 5.11 R = $4,000,000; R = $4,000,000 5.11 =
Chapter 6
14. If two annuities have the same number of rents with the same dollar amount, but one
is an annuity due and one is an ordinary annuity, the future value of the annuity due will
be greater than the future value of the ordinary annuity. True
20.
SUMMARY OUTPUT
Regression Statistics
Multiple R
0.983374683
R Square
0.967025766
Adjusted R Square
0.961530061
Standard Error
243.6783917
Observations
8
ANOVA
df
Regression
Residual
Total
Intercept
X Variable 1
SS
MS
1 10448371.9234 10448371.92
6 356274.9