Please give positive ratings so I can keep answering. It would help me a lot. Thanks! |
Parallel Processing | Partially completed units can be worked on simultaneously in different processes then brought together in a final process for completion. |
Sequential Processing | Units pass through one process before they can be worked on in the next process. |
Process Costing | Combines beginning inventory costs and work done with current period costs and work to calculate this period's units' cost. |
Weighted Average Costing Method | Works well whenever relatively homogenous products pass through a series of processes and receive similar amount of processing costs. |
Cacuiaion Scoring: Your score will be based on the number of correct matches. There is no...
Scoring: Your score will be based on the number of correct matches minus the number of incorrect matches. There is no penalty for missing matches. The phases of the management process are listed below. Match each phase to the appropriate description. Clear All Planning Used by managers for continuous improvement Directing Inherent in all management processes, management must continuually decide alternative actions Controlling Used by management to develop the organization's objectives and goals Improving Monitoring the operating results of implemented...
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. For each of the following, indicate whether the cost would typically be considered product or period cost for the cost object given. Clear All Electricity costs to run the factory Accountant salaries Product Selling costs for the period Period Delivery costs to take the bicycles to stores Tires for the bicycles
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match the following descriptions with the term (a-e) it describes: Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match the following descriptions with the term (a-e) it describes: Clear All normal standard Favorable cost variance theoretical standard Unfavorable cost variance an example is the number...
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match the following terms with the definitions by clicking first on the term and then the correct definition (to the right). Clear All Taxable tips Payments of at least $600 to independent contractors Personal allowance Annual nondeductible contributions of up to $5,500 Backup withholding $4,150 deduction in computing taxable income Form 1099-MISC Withhold federal income taxes of 24 percent...
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match each phrase that follows with the term it describes. Clear All Generally provides the most useful report for setting long-term prices. May be used in a manufacturing company. Operating income is impacted by changes in inventory level. Treats fixed manufacturing cost as a period cost. Absorption costing only Variable costing only Both absorption and variable costing
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. 1) Identify which inventory costing method (LIFO or FIFO) achieves the effect listed in the following items. Clear All Prices are rising; profits are higher with this method. LIFO Prices are rising; cost of goods sold is lower with this method. FIFO Prices are declining; income taxes are higher with this method. Prices are declining; gross margin is higher...
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. The following are some of the costs incurred by Cupcake Company. Identify them as either: Clear All Factory rent Salesman commissions Depreciation expense- factory Conversion costs Baker's wages Prime costs Frosting Neither prime or conversion costs Baker's wages Prime costs Frosting Neither prime or conversion costs Depreciation expense-office Both prime and conversion costs Sprinkles for decoration (indirect material) Cupcake...
Scoring: Your score will be based on the number of correct matches. There is no penalty for Match each of the following costs of producing T-shirts with the appropriate classification. Clear All Advertising costs of $12,000 per month Accounting salaries Fixed cost Color dyes for producing different colors of T-shirts Variable cost Salay of the production supervisor Mixed cost Straight-line depreciation on sewing machines
Scoring: Your score will be based on the number of correct matches minus the number of incorrect matches. There is no penalty for missing matches. Use the References to access important values if needed for this question. Compare the solubility of calcium phosphate in each of the following aqueous solutions: Clear All 0.10 M Ca(NO3)2 More soluble than in pure water. 0.10 M K3PO4 Similar solubility as in pure water. 0.10 M NaNO3 Less soluble than in pure water. 0.10...
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match each of the following costs with the appropriate classification. Clear All Cotton for a textile manufacturer of blue jeans Bandages for the emergency room of a hospital Cost of company holiday party Electricity used to operate factory machinery State unemployment compensation taxes for factory workers Period cost - selling expense Product cost - direct materials Period cost -...