'-ExerciSe1-3.1D' ELIMINATION OF A DEPARTMENT
Dale’s Emporium operates with three departments. The owner—manager wants to close Department B
because it continually shows a loss. During the past year ending 30 June 2013, the departmental
ACC102 Fundamentals of Accounting II
Exercise20.5; Exercise 21.7;
Exercise22.2; Exercise 22.6; Exercise 22.7;
Exercise 25.6; Problem25.4
Problem 10.4 BANK RECONCILIATION
Information about the cash posi
CAVANAGHS CHARTER TOURS
A. Set up cash receipts and cash payments journals with totals shown, and enter the necessary
adjustments, and complete the journals for June.
B. Post the journals in requirement A to the
1. A sunk cost is:
A cost which may be saved by not adopting an alternative
A cost that cannot be changed and is therefore not relevant to decision making
A potential benefit forgone
A fixed cost
ANSWER B Section 14.2
2. A cost whic
1. Cost of goods manufactured is
Ending work in process is
Manufacturing overhead is
Direct labour is
Beginning work in process is
What is the direct material cost for the period?
Elimination of a department
What would the effect be on the stores overall profits of closing down Department B?
Less: Avoidable expenses
Department Z cont
Information about the cash position for Cavanaghs Charter Tours Pty
Ltd for the month of June is presented below:
1. The general ledger Cash at Bank account had a balance of $6300 on
2. The cash receipts journal sh
1. Which of these statements is not correct?
An expense is the consumption or loss of resources that will result in a decrease in equity
A cost that provides future economic benefits is treated as an asset
To accountants the terms cost
Week 3 - Budgeting for planning and control
Tutorial Question: Exercise 12.1 & 12.14
Homework: Problem 12.2 & 12.4
INCOME BUDGET FOR A LAW FIRM
Mason, Mason and Mason IR are three generations of the one family
involved in providing indus
Capital budgeting evaluations
TROOPER MANUFACTURING LTD
A. Calculate the payback period for each investment.
B. Calculate the net present value for each investment.
C. Determine the net present value index for each investment.
PETES PANCAKES LTD
A. Prepare the bank reconciliation statement at 30 June, 2010 disclosing the closing
balance of cash at bank.
B. Assume the same data as above, but assume further that the closing balance of t