1. Can MOH cost be cost effectively traced to product
2. Are predetermined overhead rate calculated using actual values overhead cost.
False Estimated manufacture overhead cost
3. Does activity based costing use earning one rate for allocating manufa
1. What does the managerial accounting focus on providing? Provides information of what?
- management accounting is the information that managers use for decision-making.
providing information to managers2. Does Management accounting need to follow GAAP?
A borrower makes a fully amortizing CPM mortgage loan.
The monthly payment for a CPM is found using the following formula:
Northwest Vista College
San Antonio Home Furnishings Company
Accounting Records Package
Prepard by: Jason RIvas
Monthly Entries (8 pts)
Adjusting Entries (3 pts)
Closing Entries (4 pts)
Beginning Balances (3 pts)
Big Time Videos Inc.
Financial Performance Report
Cost of Goods Sold
Total Variable Costs
Total Fixed Costs
Problem 18-3A: Cost computation, classification, and analysis L.O. C4
Listed here are the total costs associated with the 2009 production of 500 drum sets manufactured by Roland. The
drum sets sell for $3,000 each.
Cost by Behavior
Cost by Function
Question 1: (50 points)
Problem 14-1A: Computing bond price and recording issuance L.O. P1,
Harvard Research issues bonds dated January 1, 2009, that pay interest sem
31. The bonds have a $30,000 par value, an annual contract rate of 4%, and
Question 1: (20 points)
Exercise 13-2: Accounting for par, stated and no-par stock issuances L.
Rodriguez Corporation issues 8,000 shares of its common stock for $183,600
journal entries to record this event under each of the following separate situa
Problem 25-1A: Computation of payback period, accounting rate of return, and net present value L.O. P1,
Burtle Company is planning to add a new product to its line. To manufacture this product, the company needs to
buy a new machine at a $484,000 c
Accounting for Partnerships
Conceptual Chapter Objectives
C1: Identify characteristics of
partnerships and similar organizations
Analytical Chapter Objectives
A1: Compute partner return on equity and use
it to evaluate partnership performance
Exercise 20-9: Equivalent units computedweighted average L.O. C2, P4, P5
The production department in a process manufacturing system completed 382,000 units of product and transferred
them to finished goods during a recent period. Of these units, 62,000 w
Unit Produced Total Cost
This is your points per Enter the Total Possible
section (thru the
Score (Thru the Current
This is the total possible
score at the end (ie 4
exams @40pts =160)
Current Score Current Total
A partnership consists of two brothers. The partnership has a profit for the current calendar year.
The partnership must pay federal income taxes on its income, but the partners do not have to pay
income taxes on their share of the partnership's