Financial Accounting

1. Create a job cost sheet for Job 300 2. Estimated annual overhead costs: $122,

1. Create a job cost sheet for Job 300 2. Estimated annual overhead costs: $122,850; Cost driver identified: Direct labor cost; estimated annual direct labor cost: S117,000; Calcu…

1. Create a job cost sheet for Job 300 2. Estimated annual overhead costs: $122,

1. Create a job cost sheet for Job 300 2. Estimated annual overhead costs: $122,850; Cost driver identified: Direct labor cost; estimated annual direct labor cost: S117,000; Calcu…

1. Create an Excel spreadsheet that can do the calculations for the credit card

1. Create an Excel spreadsheet that can do the calculations for the credit card below. Using formulas and the drag function of Excel (see the notes), find the values for 1 year of…

1. Create journal entries to record each of February\'s transactions. 2. Post on

1. Create journal entries to record each of February's transactions. 2. Post onto ledger accounts. 3. Prepare unadjusted trial balance. 4. Prepare adjusted journal entires. 5. Pre…

1. Creation Company produces gadgets for the coveted small appliance market. The

1. Creation Company produces gadgets for the coveted small appliance market. The following data reflect activity for the year 2014: Costs incurred: Purchases of direct materials (…

1. Credit sales fo 1. Credit sales for the year amounted to $336,000. 2. The cos

1. Credit sales fo 1. Credit sales for the year amounted to $336,000. 2. The cost of goods sold was $218,400. 3. Collected accounts receivable, $352,800 4. Purchased inventory on …

1. Crich Corporation uses direct labor-hours in its predetermined overhead rate.

1. Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 22,160 hours and the total est…

1. Crystal operates a business that provides typing and delivery services. This

1. Crystal operates a business that provides typing and delivery services. This year Crystal spent $2,610 to purchase special shirts that identify her employees and provide some n…

1. Cullumber has the option to purchase the equipment for $27,000 upon terminati

1. Cullumber has the option to purchase the equipment for $27,000 upon termination of the lease. It is not reasonably certain that Cullumber will exercise this option. 2. The equi…

1. Cunningham, Inc. sells MP3 players for $60 each. Variable costs are $40 per u

1. Cunningham, Inc. sells MP3 players for $60 each. Variable costs are $40 per unit,and fixed costs total $120,000. What sales are needed by Cunningham to break even? A) $360,000 …

1. Curley Awards Co. projected sales of 64,000 brass plaques for 2010. The estim

1. Curley Awards Co. projected sales of 64,000 brass plaques for 2010. The estimated January 1, 2010, inventory is 4,500 units, and the desired December 31, 2010, inventory is 6,0…

1. Current of river = 2miles/h. A boat travels 8 miles upstream and back in 3 ho

1. Current of river = 2miles/h. A boat travels 8 miles upstream and back in 3 hours. What is the speed of boat in still water? I know that the answer is 6, logically, but when I t…

1. Current ratios and quick ratios usually provide a clear picture of the financ

1. Current ratios and quick ratios usually provide a clear picture of the financial leverage employed by a firm. 2. Debits always increase an account, while credits decrease an ac…

1. Customer-level activities relate to specific customers and are not tied to an

1. Customer-level activities relate to specific customers and are not tied to any specific products. 2. Activity-based costing is a costing method that is designed to provide mana…

1. Cutters sells razors at $50 each. The razors have a 90 day warranty that requ

1. Cutters sells razors at $50 each. The razors have a 90 day warranty that requires the Company to replace any nonworking razor. The Company's cost per razor is $8. The manufactu…

1. D&G Audio, Inc. sold $3,000,000 worth of products in 2015 on credit. It estim

1. D&G Audio, Inc. sold $3,000,000 worth of products in 2015 on credit. It estimated that 2% of those sales would prove to be uncollectible. Throughout the year, D&G wrote…

1. Da Show Inc. owns and operates movie theaters throughout

1. Da Show Inc. owns and operates movie theaters throughout <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />Texas and California.…

1. Dan and Jan, a married couple who live in New York, which is not a community

1. Dan and Jan, a married couple who live in New York, which is not a community property state, purchased undeveloped land in 1995, as tenants by the entirety, paying $140,000 for…

1. Dana, Inc. recently completed 40,000 units of a product that was expected to

1. Dana, Inc. recently completed 40,000 units of a product that was expected to consume 6 pounds of direct material per finished unit. The standard price of the direct material wa…

1. Danahy Corporation manufactures a single product. The following data pertain

1. Danahy Corporation manufactures a single product. The following data pertain to the company's operations over the last two years: What was the absorption costing net operating …

1. Danahy Corporation manufactures a single product. The following data pertain

1. Danahy Corporation manufactures a single product. The following data pertain to the company's operations over the last two years: What was the absorption costing net operating …

1. Darden Corporation uses the weighted-average method in its process costing sy

1. Darden Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 19,200 units …

1. Data Hunt: During 2012 some experts were predicting that 10 million homes or

1. Data Hunt: During 2012 some experts were predicting that 10 million homes or more would enter foreclosure. Question: Is there a way to predict changes in the foreclosure rate? …

1. Data below for the year ended December 31, 2013, relates to Houdini Inc. Houd

1. Data below for the year ended December 31, 2013, relates to Houdini Inc. Houdini started business January 1, 2013, and uses the LIFO retail method to estimate ending inventory.…

1. Data from the financial statements of Dils Brothers Co. and J. Cox, Inc. are

1. Data from the financial statements of Dils Brothers Co. and J. Cox, Inc. are presented below (in millions): Dils Brothers Co. J. Cox, Inc. Total liabilities, 2016 $70,914 $47,4…

1. Data related to the inventories of Kristy’s Krafts is presented below: Books

1. Data related to the inventories of Kristy’s Krafts is presented below: Books Art Pads Jewelry Paints Selling price 180,000 140,000 120,000 60,000 Cost 128,000 133,000 90,000 45…

1. Dave Inc.\'s inventory records for a particular development program show the

1. Dave Inc.'s inventory records for a particular development program show the following at October 31 (Click the icon to view the accounting records.) At October 31, 9 of these p…

1. Davis Enterprises, Inc. has a December 31 year end. On January 11, 2017, Davi

1. Davis Enterprises, Inc. has a December 31 year end. On January 11, 2017, Davis Enterprises, Inc. purchased a truck for heavy-duty hauling for $40,000. The truck is expected to …

1. Davis, Inc., a music gorup, entertained at a black-tie dinner dance on April

1. Davis, Inc., a music gorup, entertained at a black-tie dinner dance on April 26, and collected its fee in full at the end of the evening. This transaction: A. Causes an increas…

1. Debit Credit Warning Don\'t show me this message again for the assignment Ok

1. Debit Credit Warning Don't show me this message again for the assignment Ok Cancel Cash Accounts Receivable Supplies Equipment Accounts Payable Unearned Service Revenue Common …

1. Dec. 1, Purchased 200 shares of Chevron Corp. common stock for $93.50 per sha

1. Dec. 1, Purchased 200 shares of Chevron Corp. common stock for $93.50 per share to be held as a short-term investment. In addition to the purchase price $40 in brokerage fees w…

1. Decentralization refers to: A. reporting for the company as a whole. B. focus

1. Decentralization refers to: A. reporting for the company as a whole. B. focusing reporting on parts of the company C- the delegation of decision-making authority throughout an …

1. Decko industries reported the following data. Units Produced 52,000 units Sal

1. Decko industries reported the following data. Units Produced 52,000 units Sales Price $33 per unit Direct Materials $1.50 per unit Direct Labor $2.50 per unit Variable Overhead…

1. Dede entered into a 10-year lease of equipment for $5,000 a year, payable at

1. Dede entered into a 10-year lease of equipment for $5,000 a year, payable at the beginning of each year. At the end of the lease, the equipment will probably be worthless. If D…

1. Dede entered into a 10-year lease of equipment for $5,000 a year, payable at

1. Dede entered into a 10-year lease of equipment for $5,000 a year, payable at the beginning of each year. At the end of the lease, the equipment will probably be worthless. If D…

1. Deferred income taxes (payable) in the liabilities section of the Balance She

1. Deferred income taxes (payable) in the liabilities section of the Balance Sheet for Microsoft dated 6/30/15 arose from which of the following situations? Microsoft paid more in…

1. Define and explain attorney-client privilege. 2.Discuss accountant-client pri

1. Define and explain attorney-client privilege. 2.Discuss accountant-client privilege and explain in which circumstances this privilege is honored. 3. Explain Benford’s law and i…

1. Define each of these terms: skimming ; kiting ; lapping ; kickbacks . For eac

1. Define each of these terms: skimming; kiting; lapping; kickbacks. For each condition, describe—in an appropriate level of detail—a preventative internal control (used by a comp…

1. Define managerial accounting 2. Describe the role of managerial accounting an

1. Define managerial accounting 2. Describe the role of managerial accounting and the management accountant in a business or organization 3. Describes ethical issues/concerns for …

1. Define the following: (a) direct materials, (b) indirect materials, (c) direc

1. Define the following: (a) direct materials, (b) indirect materials, (c) direct labor, (d) indirect labor, and (e) manufacturing overhead. 2. Explain the difference between a pr…

1. Define the internal and external users of accounting data. What data would ea