Sellmore Co. Assignment Problem
Assignment # 3
3.18. The Fagresta steelworks currently is working two mines to obtain its iron ore.
This iron ore is shipped to either of two storage facilities. When needed, it then is
shipped on to the companys steel plant. The diagram below depicts thi
Petal Co. reported the following information for 2012:
All sales are on credit.
Customer amounts on account are collected 50% in the month
of sale and 50% in the following month.
QUESTIONS Chapters 5 - 8
1. 2. In full costing, fixed manufacturing overhead is treated as a product cost. variable costing, fixed manufacturing overhead is treated as a period cost. In
When production exceeds sales, part of fixed manufacturing
Match the following terms to the statements shown below. answers. Each term can only be used once. A. B. C. D. E. F. Accounting rate of return After-tax cash flows Annuity Capital budget Capital budgeting decision Cost of capital G. H. I. J. K.
MATCHING QUESTIONS AND ANSWERS CHAPTERS 5-8
CHAPTER 5 MATCHING A Shown below are two inventory costing systems. Match each system to the description listed below. Use Capital letters for your answers. F Full costing system V Variable costing system _ 1. A
CHAPTER 1 MATCHING A Match the following terms to the statements shown below. Use capital letters for your answers. Each term can only be used once. A. B. C. D. Budget E. Enterprise Resource H. Managerial Accounting CIO Planning Systems I. Nonmonetary Inf