False 7. Advertising costs are considered product costs for external financial reports because they are incurred in order to promote specific products. True False 8. Selling and administrative expenses are product costs under generally accepted accounting principles. True False 9. A variable cost is a cost whose cost per unit varies as the activity level rises and falls. True False 10. When the level of activity increases‚ total variable cost will increase. True False 11. A decrease in production
Premium Costs Variable cost Fixed cost
Solution to CBSE Question Paper 2013 Set 1 (Outside Delhi) Ans 1. In case of fixed capital‚ interest charged on drawings will be recorded on the debit side of Current Account of the Partners. Ans 2. Accumulated Profits are shared in the old ratio‚ in case of change in profit sharing ratio amongst existing partners. Ans 3. Interest is payable @ 6% p.a is charged on the amount remaining unpaid to the executor of deceased partner. Ans 4. Date Journal entry Particulars Workmen Compensation
Premium Balance sheet Asset Generally Accepted Accounting Principles
Answer Key for Test Your Skills 1. Tutti’s Sandwich Shop has the following information regarding costs at various levels of monthly sales. Help Tutti separate her costs into fixed costs and variable costs so that she can predict and evaluate costs at varying levels of guests served. January February March Monthly Sales in Guests Served 10‚000 16‚000 20‚000 Cost of Sales (Food Cost ) 10‚500 16‚800 21‚000 Salaries‚ Wages‚ and Benefits 15‚000 15‚600 16‚000 Telephone 12‚750 16‚350 18‚750 Rent on
Premium Costs Variable cost
This is to certify that ANTHONY L. YONGOD‚ VIVIAN JUTBA MARGIE NAONG‚ CREZA JOY PEYANO AND GENEVIEVE REQUINA are enrolled in CP 204-APPLICATION DEVELOPMENT(BABY THESIS) for the degree of COMPUTER PROGRAMMING COURSE during the 2nd semester‚ S.Y. 2012-2013. LECERIO BERNEDO JR. Adviser IN PARTIAL FULLFILMENT of the requirements for the COMPUTER PROGRAMMING COURSE‚ this thesis entitled “DIPOLOG COMPUTER SYSTEM’S INC. ENROLLMENT SYSTEM” prepared and submitted by ANTHONY L.YONGOD VIVIAN JUTBA‚ MARGIE
Premium Computer Computer software Computer program
Theoretical Structure of Financial Accounting AACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools‚ departments‚ and faculty may approach assessment and its documentation differently‚ one approach is to provide specific questions on exams that become the basis for assessment. To aid faculty in this endeavor‚ we have labeled each question‚ exercise and problem in Intermediate Accounting‚ 7e with the following AACSB
Premium International Financial Reporting Standards Financial Accounting Standards Board Financial statements
Running head: Employment –Corporate Governance and Ethical Responsibility Corporate Governance Priscilla Coats Professor Augustine Weekley LEG 500 Law and Ethics Febuary 17‚ 2013 Abstract In this paper I will determine at least three different internal and external stakeholders that Dr. Do right might have to deal with on a daily basis at the hospital‚ I will compare and contrast potential conflicts of interest that may exist between the internal and external stakeholders‚ then discuss
Premium Corporate governance Management Board of directors
before calculating OT for slaried employees. Enter the appropriate numbers/formulas in the shaded (gray) cells. An asterisk (*) will appear to the right of an incorrect answer. For a breakdown of the solution by chapter‚ see the worksheet tabs labeled CPP 2 through 6 representing the solutions for chapters 2-6. Continuing Payroll Problem-B OLNE PAY FOR PERIOD ENDING January 8‚ 20 - NO. OF W/H ALLOW. HOURS WORKE D REGULAR EARNINGS RATE PER HOUR OVERTIME EARNINGS HOURS WORKE D MARITAL
Premium Tax Medicare Social Security
4th Edition Answers Suggested Answers Chapter 1 Things to do (page 5) 2 Examples which must be manual include: holiday brochures; guidebooks to the country/area; atlases/maps; encyclopaedias; geography textbooks 4 (a) (i) Any three sensible details such as: health problems/medication; name of parent/guardian; home telephone number; parent’s/guardian’s mobile/cell phone number; parent’s/guardian’s email address; parent/guardian work contact telephone number; options taken; form teacher (ii) You
Premium Computer Hard disk drive
| Contents Chapter one:- Introduction 1.1. Significance of the Project 1.2. Current Status of the Existing System 1.3 Statement of Problem 1.4 Objectives 1.5 Scope and limitation 1.6 Significance of the Project 1.7 Beneficiaries 1.8 Schedules 1.9 Over all time Schedule
Premium Requirements analysis
typically a short summary of the contents of the document. Type the abstract of the document here. The abstract is typically a short summary of the contents of the document.] compaq [Type the company name] [Pick the date] Contents Concept of Cost Accounting……………………………………………………………………03 Introduction……………………………………………………………………………………..03 Traditional costing v/s activity based costing…………………………………………………..04 Need for an Activity Based Costing……………………………………………………………06 Stages in Activity Based Costing……………………………………………………………
Premium Cost accounting Management accounting Costs