Levels of Comprehension
1. Opening/Introduction paragraph
a. Opening HOOK (can discuss themes or essential questions apply to world today)
b. INTRO author, title and BRIEF summary of story/article
c. Brief SUMMARY/facts of story (intro main ch
Thunderbird uses a job order cost system and applies factory overhead to production
orders on the basis of direct-labor costs. Budgeted factory overhead for the year was
and budgeted direct labor costs were $5,000,000.
Direct labor was paid at
Selected data concerning the past fiscal years operation of the KNY Manufacturing Company are presented
Direct materials transferred out
Given the following data for Yun Company for the year 2015. Yun began business
in 2012. Partial financial information is given below
Costs transferred to finished goods
Beginning Work- in- Process
The Cypress Refrigerator Co. shows the following records for the period ended December 31,
Inventories January 1
Finished goods (units)
Units sold (units)
NEU USES THE WEIGHTED AVERAGE METHOD
Beginning Work in Process:
11,000 units 40% complete
Ending Work in process:
10,000 units 70% complete
Units transferred out
Manufacturing costs for the current period:
Chapter 14 Previously Asked Questions
Question 3: PE 14-3A
Q: How do you compute the cash flow from operating activities?
A: You need to compute the increase or decrease of the current operating current assets and liabilities (since
dividends payable is n
Chapter 13 Previously Asked Questions
Question #8: EX 13-09
Q: How do you get the amount of cash dividends for Oct 31?
A: The Company acquired 1,000 shares of Tett Company stock on 2/24 and sold 400 shares on
Cash dividend = $.040 x (1,000 - 400)
Chapter 12 Previously Asked Questions
Question 2: PE 12-3 A
Q: I know that I did this exercise correctly but my answers are wrong.
A: You are right; you did it correctly, but didnt round your answer. The instructions state
"Round to the nearest dollar" ea
Accounting 1A Online Instructions
FINAL EXAM ON CAMPUS SATURDAY June 3, 2017 SAVE THE DATE
The final exam is on Campus on Saturday June 3rd either 9:30 am or 1:00 pm. The final exam is 2 hours;
you can use either a hardbound textbook or the EBook and
CengageNOW Tech Support for Long Beach City College Accounting 1A
Ignore the tech support instructions in the CengageNOW assignment video.
We have a separate tech support URL:
After you register you can access CengageNOW from a link on the LBCC STUDENT LEARNING MANAGEMEN SYSTEM (LMS) website,
or by using the CengageNOW general URL login login.cengagebain.com do not use this link to register for the class
PRINCIPLES OF ACCOUNTING
Accounting 1A Online Sections 31624, 32054
Course Outline and Schedule of Assignments Spring 2017
Dr. Frank D. Iazzetta
[email protected] (email messages returned almost every day including weekends).
CengageNOW Registration and login Spring 2017
You do not have to wait until you purchase an access code to register for the class or begin working on the assignments. There is a grace
period until 11:59 PM 2/26/17 before you have to enter the access code
E4 - Cost of Merchandise Sold
Check-off the boxes if you are including the item in your submission.
Order your work as listed below and staple this sheet to the front of the work.
Make sure that the full formula is visible on
Chapter 17 v13e
JOB ORDER COST SYSTEMS
1. Job Order Cost System provides a separate record for the cost of each
quantity of product that passes through the factory. A quantity of product is
termed a job.
Primarily used by industries that provide
Chapter 16 v13e
Financial Accounting v Managerial Accounting
(PPT 1,2) or Trans TM14-1
Financial Accounting stresses "the Past and who has a claim on the assets"
Managerial Accounting stresses "the future and what is the best use of those
CLASS WORK—CHAPTER 18
Total Materials Equivalent
Whole Added In Units for
Units Period Materials
nventory in process, beginning of period . . 400* 0% o
Started and completed during the period . . 1.59.9. 100% L529
Transferred out of Rol