Problems: Set C
Problems: Set C
P9-1C Derose Company was organized on January 1. During the first year of operations,
the following plant asset expenditures and receipts were recorded in random order.
Debits
Determine acquisition
costs of land and
buildin
Problems: Set C
1
Problems: Set C
P8-1C The following represents selected information taken from a companys aging
schedule to estimate uncollectible accounts receivable at year-end.
Journalize transactions
related to bad debts.
(SO 2, 3), AP
Number of Day
Continuing Cookie Chronicle
Continuing Cookie Chronicle
(Note: This is a continuation of the Cookie Chronicle from Chapters 1 through 3.)
CCC4 Cookie Creations is gearing up for the winter holiday season. During the month
of December 2011, the following t
Continuing Cookie Chronicle
1
Continuing Cookie Chronicle
(Note: This is a continuation of the Cookie Chronicle from Chapters 1 and 2.)
CCC3 In November 2011, after having incorporated Cookie Creations Inc., Natalie begins operations. She has decided not
COST
BEHAVIOR
ANALYSIS
BETSY BOONE, REBECCA HARRISON, MELANIE SOMMERS,
AND MONIQUE WILLIAMS
GRACE KHALIL ACC/561- APRIL 18, 2017
INVESTMENT OF THE RODEO
To invest is to commit money or capital to a cause with
an attempt to create an additional income or
Problems: Set C
1
Problems: Set C
P11-1C Bennis Corporation was organized on January 1, 2010. It is authorized to issue
10,000 shares of 8%, $100 par value preferred stock and 500,000 shares of no-par common stock with a stated value of $1 per share. The
Instructions for the Microsoft Excel Templates by Rex A Schildhouse
Be advised, the template workbooks and worksheets are not protected.
Overtyping any data may remove it.
Extensive detail and information is contained within the help function of Microsoft
Instructions for the Microsoft Excel Templates by Rex A Schildhouse
Be advised, the template workbooks and worksheets are not protected.
Overtyping any data may remove it.
Extensive detail and information is contained within the help function of Microsoft
Exercises: Set B
1
Exercises: Set B
E21-1B Mara Company budgeted selling expenses of $30,000 in January, $37,000 in
February, and $45,000 in March. Actual selling expenses were $29,000 in January, $38,500
in February, and $37,000 in March.
Prepare and eva
Exercises: Set B
Exercises: Set B
E15-1B The gross earnings of the factory workers for Humphrey Company during the
month of January are $56,000. The employers payroll taxes for the factory payroll are
$8,000. The fringe benefits to be paid by the employer
Primer on Using Excel in Accounting
By Rex A Schildhouse, LCDR, U.S. Navy, Retired, M.B.A.
Miramar College, San Diego Community College District, San Diego, California
to accompany
Accounting,
Fourth Edition
Paul D. Kimmel, PhD, CPA, Associate Professor o
RUNNING HEAD: REGULATORY ENVIRONMENT
Sarbanes-Oxley Act of 2002 and Regulatory Environment
Comparative and Ratio Analysis
Accounting (ACC) 561
March 15, 2016
1
REGULATORY ENVIRONMENT
2
Sarbanes-Oxley Act of 2002 and Regulatory Environment
Today we continu
Exercises: Set B
Exercises: Set B
E19-1B The Do Drop Inn is trying to determine its break-even point. The inn has 75
rooms that are rented at $50 a night. Operating costs are as follows.
Salaries
Utilities
Depreciation
Maintenance
Maid service
Other costs
Waterways Continuing Problem
Waterways Continuing Problem
WCP14 Waterways Corporation is a private corporation formed for the purpose of providing the products and the services needed to irrigate farms, parks, commercial projects,
and private homes. It ha
Problems: Set C
Problems: Set C
P19-1C Guerillmo Manufacturing had a bad year in 2012, operating at a loss for the
first time in its history. The companys income statement showed the following results
from selling 200,000 units of product: Net sales $2,00
Problems: Set C
1
Problems: Set C
P3-1C
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
Hyman Inc. was started on May 1. Here is a summary of the May transactions.
Stockholders invested $30,000 cash in the company in exchange for common stock.
Purchased equipment for
EXERCISE 13-4 Uncertain Future Cash Flows
Lukow Products is investigating the purchase of a piece of automated equipment that will save
$400,000 each year in direct labor and inventory carrying costs. This equipment costs $2,500,000
and is expected to hav
Exercise 22-1 Week 5 Wiley Plus Assignment
Accounting (ACC) 561, University of Phoenix
4-3-2016
Exercise 22-1
Stanton Company is planning to produce 1,500 units of product in 2012. Each unit
requires 1.30 pounds of materials at $5.30 per pound and a half-
c04Exercises.qxd
11:53 AM
Page 14
(SO 1), C
i l ey . co
Identify point of revenue
recognition.
i mme l
m
Exercises: Set B
/k
www
/ co l l ege
chapter 4 Accrual Accounting Concepts
.w
14
9/16/10
E4-1B The following independent situations require profession
Instructions for the Microsoft Excel Templates by Rex A Schildhouse
Be advised, the template workbooks and worksheets are not protected.
Overtyping any data may remove it.
Extensive detail and information is contained within the help function of Microsoft
Problems: Set C
1
Problems: Set C
P4-1B The following data are taken from the comparative balance sheets of Golfview
Inn, which prepares its financial statements using the accrual basis of accounting.
December 31
2010
2009
Accounts receivable for member f
c21BudgetaryControlandResponsibilityAccounting.qxd
10/12/10
9:37 AM
Page 1111
Self-Test Questions
Solution to Comprehensive
Do it!
GLENDA COMPANY
Manufacturing Overhead Budget Report (Flexible)
Packaging Department
For the Month Ended July 31, 2012
Differ
Problems: Set A
1
Problems: Set A
P23-1A Marin Company is currently producing 16,000 units per month, which is 80%
of its production capacity. Variable manufacturing costs are currently $8.00 per unit.
Fixed manufacturing costs are $56,000 per month. Mari
Problems: Set C
1
Problems: Set C
P21-1C Seagrave Company estimates that 240,000 direct labor hours will be worked
during 2012 in the Assembly Department. On this basis, the following budgeted manufacturing overhead data are computed.
Variable Overhead Co
Problems: Set C
1
Problems: Set C
P20-1C Arlington Farm Supply Company manufactures and sells a fertilizer called
Basic II. The following data are available for preparing budgets for Basic II for the first
2 quarters of 2012.
1. Sales: Quarter 1, 40,000 b
Problems: Set C
1
Problems: Set C
P18-1C The Poblano Barber Shop employs four barbers. One barber, who also serves as
the manager, is paid a salary of $3,900 per month. The other barbers are paid $1,900 per
month. In addition, each barber is paid a commis
Problems: Set C
Problems: Set C
All of the Problems in this chapter employ decision tools.
P13-1C Here are comparative statement data for Dean Company and Gerald Company,
two competitors. All balance sheet data are as of December 31, 2010, and December 31
Running head: PRODUCT COSTING
1
Product Costing
Colleen Hughes
ACC/561
August 14, 2017
Michael De Marco
PRODUCT COSTING
2
Product Costing
Production costing is an accounting process that is used to determine all the business
expenses required in the creat
1
Financial Statements
ACC/561
2
Financial Statements
Successful businesses understand the importance of financial statements. Financial
statements is a summary report that shows how a firm has used the funds entrusted to it by its
stockholders (sharehold
