wiL25389_appD_D1-D27.indd Page D-1 11/17/11 3:16 PM user-f494
A Look at This Appendix
This appendix explains the partnership
form of organization. Important partnership characteristics are descr
Identifying product versus general, selling, and administrative costs
A review of the accounting records of Rayford Manufacturing indicated that the company
incurred the following payroll costs during the month of August.
1. Salary of the co
Identifying the effect of product versus general, selling, and administrative cost on the income
statement and statement of cash flows Each of the following events describes acquiring an asset
that requires a year-end adjusting entry. Decem
Identifying effect of product versus general, selling, and
administrative costs on financial statements
Nailry Industries recognized accrued compensation cost. Use the following
model to show how this event would affect the companys
Identifying financial versus managerial accounting characteristics
Indicate whether each of the following is representative of managerial or of financial accounting.
a. Information is factual and is characterized by objectivity, re
Classifying costs: product or G, S, & A/asset or expense
Use the following format to classify each cost as a product cost or a general,
selling, and administrative (G, S, & A) cost. Also indicate whether the cost would
be recorded a
Exercise 11-4 Determining total variable cost
The following variable production costs apply to goods made by Watson Manufacturing
Determine the total variable production cost, assuming that Watson makes
5,000, 15,000, or 25,000 units
Exercise 11-2 Identifying cost behavior
At the various activity levels shown, Amborse Company incurred the following costs.
Identify each of these costs as fixed, variable, or mixed.
Exercise 11-3 Determining fixed cost per unit
Henke Corporation incurs the following annual fixed costs.
Determine the total fixed cost per unit of production, assuming that Henke produces 4,000,
4,500, or 5,000 units.
By producing 4,000 the cost
Using a contribution margin format income statement to measure the
magnitude of operating leverage
The following income statement was drawn from the records of Ulrich Company, a
For the Ye
Context-sensitive nature of cost behavior classifications
Susan Hicks operates a sales booth in computer software trade shows, selling an accounting
software package, Dollar System. She purchases the package from a software manufacturer for
C 1. Sales taxes payable
C FUTA taxes payable
N Accounts receivable
C Accured payroll payable
C 5. Wages payable
C 6. Notes payable (due in 6-12 months)
C 7. Notes payable (due in 120 days)
C 8. Current portion of long term debt
N 9. Notes payable (mature
11-Mar Bad dept expense
29-Mar Accounts Receivable
Bad debt expenses
31-Dec Bad debt Expenses
La hora de ir al supermercado siempre voy con mi madre o mi padre. Siempre voy con pantaln
corto, una camisas cmodas y unos tenis o unas chanclas lo primero que consigan. Tenemos de
costumbre llevar la guagua de mi padre ya que tiene un bal grande. Siempr
Living Expenses (Partial Income Statement)
Electricity and water
Total Housing Expenditures
Lunes y Miercoles
Dr. Philippe Scott
o ADMI 3007, Introduccin al
procesamiento de datos en computadora
o (11:00AM a 1:00 PM)
Prof. Jess Ramrez
o INCO 4008, Comunicacin Estratgica
o (2:30 PM a 4:00 PM)
Martes y Jueves
1. What is the goal of managerial accounting?
2. In a performance report, current-period performance is compared with some benchmark.
What might be a useful benchmark?
3. List three differences between financial and managerial accounting.
Recording product versus general, selling, and administrative costs in
a financial statements model
Pappas Manufacturing experienced the following events during its first accounting period.
1. Recognized depreciation on manufacturing equipme
Using JIT to minimize holding costs
Lee Pet Supplies purchases its inventory from a variety of suppliers, some of which require a
sixweek lead time before delivery. To ensure that she has a sufficient supply of goods on hand,
Ms. Polk, the