B) depreciation of the equipment in the machining shop. C) property taxes relating to the building that houses the machining shop. D) All of the above would be classified as manufacturing overhead. Feedback: The correct answer is D (Learning Objective 1): Manufacturing overhead includes all manufacturing costs except direct materials and direct labor. It includes items such as indirect materials‚ indirect labor‚ maintenance and repair on production equipment‚ and heat
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Solutions Manual to accompany Company Accounting 8e prepared by Ken Leo John Hoggett John Sweeting Jennie Radford [pic] John Wiley & Sons Australia‚ Ltd 2009 Chapter 1 – Nature and regulation of companies REVIEW QUESTIONS 1. Outline the advantages of incorporation over other forms of organisation such as partnerships. The corporate form of organisation permits individuals to have "limited liability". This confers on shareholders a limit on their
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3 | | Course | Epistemology-PHIL 201 | Test | Exam 3 | | | | | | | | | | | | | * Question 1 | | | __________________ combined rationalism and empiricism‚ showing how both played a role in our understanding | | | Correct Answer: | Kant. | | | | | * Question 2 | | Descartes deduced God from the concept of God itself‚ in order to justify the idea of the material world. Correct Answer: | True | | | * Question 3 |
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1. award: 5 out of 5.00 points Manufacturing overhead consists of: indirect materials but not indirect labor. all manufacturing costs‚ except direct materials and direct labor. all manufacturing costs. indirect labor but not indirect materials. 2. award: 6 out of 6.00 points Salvadore Inc.‚ a local retailer‚ has provided the following data for the month of September: Merchandise inventory‚ beginning balance $ 87‚480 Merchandise inventory‚ ending balance $ 86‚400 Sales $ 540
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Accounting 350 Name Quiz #5‚ Winter 2010‚ Chpts 9 & 10 1. Oslo Corporation has two products in its ending inventory‚ each accounted for at the lower of cost or market. A profit margin of 30% on selling price is considered normal for each product. Specific data with respect to each product follows: Product #1 Product #2 Historical cost $40.00 $ 70.00 Replacement cost 45.00 54.00 Estimated cost to dispose 10.00 26.00 Estimated selling price 80.00 130.00 In pricing its ending inventory
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Chapter 02 Student Revision Quiz 1. According to Australian Accounting Standards (AAS)‚ assets are carried on the financial statements at the higher of current market value or historical cost. | True | | False | The Australian Accounting Standards state the assets are to be ’carried on the books ’ (recorded) at what the firm paid for them. 2. Suppose KLM Inc. just received a patent on a new anti-cholesterol drug. This patent is an intangible fixed asset. | True | | False |
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Week 4 Practice Quiz 1. Budgeting is the common accounting tool companies use for planning and controlling. Budgets a. provide a measure of planned financial results. b. focus managers’ energies on exploiting opportunities. c. help managers anticipate potential problems. d. enable managers to control through a set of specific activities with defined corrective actions. 2. [AICPA Adapted] Dewitt Co. budgeted its activity for October 2004 from the following information:
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| | | | B. $1‚350‚000. | | | | | C. $300‚000. | | | | | D. $1‚650‚000. | | Answer Key: D | Question 2 of 10 | 1.0 Points | If management wishes to "capitalize" part of the earnings‚ it may issue a | | | | A. property dividend. | | | | | B. stock dividend. | | | | | C. liquidating dividend. | | | | | D. cash dividend. | | Answer Key: B | Question 3 of 10 | 1.0 Points | Anders‚ Inc.‚ has 10‚000 shares of 5%‚ $100 par value‚ cumulative
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Version A CSE/EEE120 Spring 2014 Individual Quiz Name: KEY ASU ID: You have 20 minutes to complete and turn in this quiz. Each question is worth 20 points. Please read questions carefully. SHOW ALL YOUR WORK. Good luck! 1. Given the following truth table‚ a 0 0 0 0 1 1 1 1 0 1 2 3 4 5 6 7 b 0 0 1 1 0 0 1 1 c 0 1 0 1 0 1 0 1 f 0 1 1 1 0 1 0 0 (a) Write the SOP (sum of products) canonical expression for f. f = a’b’c + a’bc’+
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HYPOTHESIS TESTING MULTIPLE CHOICE QUESTIONS In the following multiple-choice questions‚ please circle the correct answer. 1. If a researcher takes a large enough sample‚ he/she will almost always obtain: a. virtually significant results b. practically significant results c. consequentially significant results d. statistically significant results ANSWER: d 2. The null and alternative hypotheses divide all possibilities into: a. two sets that overlap b
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