Intermediate Accounting Test 2 The accountant of Weatherspoon Shoe Co. has compiled the following information from the company’s records as a basis for an income statement for the year ended December 31‚ 2012. | Rental revenue | $29‚000 | | Interest expense | 18‚000 | | Market appreciation on land above cost | 31‚000 | | Wages and salaries-sales | 114‚800 | | Materials and supplies-sales | 17‚600 | | Income tax | 30‚600 | | Wages and salaries-administrative | 135‚900 |
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Top of Form 1 . Revenue increases when A. producer surplus increases B. producer surplus decreases C. consumer surplus increases D. consumer surplus decreases Bottom of Form Correct : Producer surplus is the difference between the minimum price the producer is willing to receive and what they actually receive. The surplus is their profit‚ and the larger the surplus‚ the greater their profit on the good. When it decreases‚ the producer receives a price closer to the minimum acceptable. The
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Lester B. Pearson Born 23 of April 1897 died 27 of December 1972. Lester B Pearson was one of the greatest Canadians ever. During his life‚ he was a professor‚ historian‚ civil servant‚ and a politician‚ he was also very talented at sports‚ and making friends. He was born to Annie Sarah‚ and Edwin Arthur Pearson‚ who was a church minister. At the age of 16 he graduated from Hamilton Collegiate Institute‚ and in the same year studied at Victoria College‚ at the University of Toronto
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the year‚ and machine usage is estimated at 125‚500 hours. For the year‚ $291‚988 of overhead costs are incurred and 130‚200 hours are used. Compute the manufacturing overhead rate for the year. (Round answers to 2 decimal places‚ e.g. 1.25.) Manufacturing overhead rate $ 2.20 per machine hour Answer: Manufacturing Overhead Rate = Estimated Overhead ÷ Estimated Machine Hours = $276100 ÷ 125500 hours = $2.20 Per Machine Hour b. What is the amount of under- or over applied overhead at December 31?
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KPMG经典24题 The Classical 24 Numerical Reasoning "The big economic difference between nuclear and fossil-fuelled
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Thomas Edison State College Principles of Managerial Accounting (ACC-102) Final Project 1. Cost-volume-profit relationships (15 points) The following data are available for a product manufactured and sold by Logan Company: Compute the following: (a) Contribution margin per unit: $_______________ Solution: Computation of the Contribution margin per unit Contribution margin per unit = Selling price per unit – Variable Cost per unit Where as Selling price per unit = 212 Variable Cost per
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ANSWERS 1 a) 1 b) 1 c) 1 d) 1 e) 1 f) This transaction has no effect on the balance sheet since this is only an order‚ no financial value. 1 g) 1 h) 1 i) 1 j) 2 a) a] b] c] d] e] f] g] h] j] k] l] 2 b)
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Unit Test Part 2 This test has two parts. Part 1 is computer-scored‚ and should be completed online. Part 2 is the questions below‚ which you will need to turn in to your teacher. You must complete both parts of the test by the due date to receive full credit on this test. (16 points) Score 1. What roles do the adults or older figures play in the lives of the various narrators? Select a figure from each of the four memoirs and write one sentence answering the question for each memoir. Answer: In
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or other factors. These normal losses: a. are treated as period costs. b. are absorbed by good units. c. are charged to a separate Loss from Normal Spoilage account. d. are 100% avoidable costs. status: incorrect (0.0) correct: b your answer: c feedback: Incorrect. Normal losses are expected in the manufacturing process and cannot be avoided. They are treated as product costs; that is‚ the cost of the lost units is included as a part of the cost of all units finished or still in process
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Practice Test Questions‚ Semester 1 2010 Internet Marketing 350 1. The internet consists of all of the following except ________. a. computers with data b. users who send and receive data files c. a technology infrastructure to move‚ create‚ and view or listen to the content d. a central mainframe 2. According to the book‚ ________ is the country with highest percentage of internet users. a. the United States b. Norway c. China d. France 3. E-marketing
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