Chapter 3
Basics of Cost Behavior
Cost behavior is the foundation upon which managerial accounting is built and tells
weather cost changed when level of output changes. Cost can be fixed, mixed, or
variable. Fixed cost does not change as total output chan
Written Problems:
1.
Compute SL and DDB depreciation for 2 years each, including partial year
Purchased equipment on November 1 for $50,000. Salvage value of $10,000 and a useful life of 10 ye
Compute depreciation using the straight life method for the fi
Introduction to Financial Accounting - Fall 2015
Review for Test #3
Written Problems:
1.
Compute SL and DDB depreciation for 2 years each, including partial year
2.
Allowance method of estimating bad debt expense using % of Sales and % of A/R
3.
Allocate
Written Problems:
1.
Compute SL and DDB depreciation for 2 years each, including partial year
Purchased equipment on November 1 for $50,000. Salvage value of $10,000 and a useful life of 10 years.
Compute depreciation using the straight life method for th
Written Problems:
1.
Compute SL and DDB depreciation for 2 years each, including partial year
Purchased equipment on November 1 for $50,000. Salvage value of $10,000 and a useful life of 10 years.
Compute depreciation using the straight life method for th
Study Guide for Chapters 1-3:
This study guide is not intended to be "all inclusive" and cannot be substituted for studying the
textbook. Whiners who say, "That test question subject was not on the study guide," will not be
tolerated!
Chapter 1: Introduci
Introduction to Financial Accounting
Definitions for Test #2: Chapters 4-6
1. Know the definitions for and how to use:
a. Cost of Goods Sold: When merchandise is sold, the cost of the merchandise is moved from
"Inventory" to "Cost of Goods Sold." Cost of
Introduction to Financial Accounting
Review for Final - Spring 2016
Know the definition and/or usage of:
1. Dividend- is a distribution to the shareholders made in cash or additional shares of stock
2. Book Value-Purchase price minus Accumulated Depreciat
Introduction to Financial Accounting
Review for Final - Spring 2016
Know the definition and/or usage of:
1. Dividend- is a distribution to the shareholders made in cash or additional shares of stock
2. Book Value-Purchase price minus Accumulated Depreciat