10. Question: (TCO 2) Action Corporation uses activity-based costing to apply overhead to jobs within a job-order costing system. The following overhead activities were budgeted for the year. ACCT 344 Week 2 Quiz 1. Question: (TCO 3) The appropriate cost accounting system to use when inventory items are produced on an assembly line is 2.
Question : (TCO 7) Pritchard Company manufactures a product that has a variable cost of $30 per unit. Fixed costs total $1,500,000, allocated on the basis of the number of units produced. Selling price is computed by adding a 20% markup to full cost. How much should the selling price be per unit for 300,000 units? 6.
c. increases public saving but reduces national saving. d. reduces private saving, but increases national saving. 2. If the current market interest rate for loanable funds is below the equilibrium level, then there is a a. surplus of loanable funds and the interest rate will fall. b. shortage of loanable funds and the interest rate will fall.
What amount of unrealized inter-company profit must be deferred by Luffman? | | Your Answer: | | | $0 | | CORRECT | | | $8,400 | | | | | $28,000 | | | | | $52,000 | | | | | $80,000 | | | | | | Points Received: | 2 of 2 | | Comments: | | 2. | Question: | (TCO 1) Which of the following results in a decrease in the Equity in Investee Income account when applying the equity method? | | Your Answer: | | | Dividends paid by the investor | | | | | Net income of the investee | | INCORRECT | | | Unrealized gain on inter-company inventory transfers for the current year | | CORRECT ANSWER | | | Unrealized gain on inter-company inventory transfers for the prior year | | | | | Extraordinary gain of the investee | | | | | | Points Received: | 0 of 2 | | Comments: | | 3. | Question: | (TCO 1) In a situation where the investor exercises significant influence over the investee, which of the following entries is not actually posted to the books of the investor?
236). The GDP was estimated to have changed by around 8 percent between 1934 and 1940. In comparison, in 2005 the real GDP was measured between $0.7 trillion and close to $1.1 trillion a change of around 50 percent. The aggregate supply curve in the 1930’s is also known as the Keynesian short-run aggregate supply curve. This is the “horizontal portion of the aggregate supply curve in which there is excessive unemployment and unused capacity in the economy” (Miller, 2012, pg.
What would happen if B.E. wasn’t able to sell all of the 30,000,000 units? They would get stockpiled into ending inventory and allocated expense which would increase costs of goods sold and therefore net income. Since the presidents bonus is based off of net income and the amount he can
All sales are made on account at $20 per unit. Sixty percent of the sales are collected in the month of sale; the remaining 40% are collected in the following month. Forecasted sales for the first five months of 20X2 are: January, 1,500 units,- February, 1,600 units; March, 1,800 units; April, 2,000 units; May, 2,100 units. 2. Management wants to maintain the finished goods inventory at 30% of the following month's sales.
Answer the following questions viewing each situation as being independent of the others. (1) If total assets increased $200,000 during the year, and total liabilities decreased $75,000, what is the amount of owner's equity at the end of the year? (2) During the year, total liabilities increased $230,000 and owner's equity decreased $90,000. What is the amount of total assets at the end of the year? (3) If total assets decreased $40,000 and owner's equity increased $130,000 during the year, what is the amount of total liabilities at the end of the year?
A. 50,000 units B. 120,000 units C. 60,000 units D. 100,000 units 46. Data concerning Reynolds Corporation's single product appear below: [pic] The company is currently selling 6,000 units per month. Fixed expenses are $424,000 per month.
By 1926, those earning an annual income of $1m paid less than a third of the tax they paid in 1921 → More money for the rich. 5. Contributed to a 50% increase in average disposable incomes between 1922 and 1929 6. National income soared from $480 per capita in 1900 to $681 in 2929 → affluence of the era. In addition to lower taxes, it called for spending cuts as a means to balance the budget and eliminate the public debt: 1.