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Whatwasthecostofgoodsmanufacturedduringtheyear 1. MortonManufacturingshowscostofgoodssoldforthemonthofMarchwas$90,000.Thefinishedgoodsinventorywas$15,000onMarch1and$17,500onMarch31.Beginningandendingwork-in-processinventorieswere$20,000and$25,000,respectively.WhatwasthecostofgoodsmanufacturedduringMarch? a.$92,500b.$90,000c.$87,500d.$97,500 2. AssumethefollowinginformationfortheBlueKnightsCorporationfortheyearendedDecember31,2016: S ...

Other / Other 27 May 2016

Howwouldthechoicesdifferbetweenthetwosystems 1. Thefollowingitems(partiallist)areassociatedwithafunctional-basedcostaccountinginformationsystem,anactivity-basedcostaccountinginformationsystem,orboth: a. materialspurchasingcostincurrence b. assignmentofpurchasingcosttoproductsusingdirectlaborhours c. assignmentofpurchasingcostusingnumberofpurchaseorders d. usageofdirectmaterials e. directmaterialscostassignedtoproductsusingdirecttrac ...

Other / Other 27 May 2016

What costs must be balanced to determine total cost 1. Defineactivity-basedmanagement.Inyouranswer,presenttheactivity-basedmanagementmodelingoodform. 2. Inchoosingacostmanagementsystem,thecontrollermustbalancethetotalcostsofimplementingsuchsystems.Whatcostsmustbebalancedtodeterminetotalcost?Howdofunctional-basedandactivity-basedcostsystemsbalancethetrade-offs? Business Management Assignment Help, Business Management Homework hel ...

Other / Other 27 May 2016

Total manufacturing costs added 1. ThefollowinginformationpertainstotheMontpelierCompany: Directmaterialspurchases $62,400 Beginningdirectmaterials 10,400 Factory overhead 58,400 Beginningworkinprocess 10,600 Cost of goods manufactured 164,000 Endingfinishedgoods 20,000 Grossmargin 21,000 Sellingandadministrativeexpenses 7,000 Beginningfinishedgoods 16,000 Endingworkinprocess 8,000 Endingdirectmaterials 12,400 Directlabor ? ...

Other / Other 27 May 2016

Describe several of the major differences between a functional and an activity 1. Describe several of the major differences between a functional-based cost management system and an activity -based cost management system . Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help ...

Other / Other 27 May 2016

Costofgoodssoldequalscostofgoodsmanufactured 1. Theendingwork-in-processinventoryisdeductedonthe a. balancesheet. b. incomestatement. c. statementofcostofgoodsmanufactured. d. statementofcashflows. 2. Costofgoodssoldequalscostofgoodsmanufactured a. whenfinishedgoodsinventoriesremainconstant. b. whenwork-in-processinventoriesremainconstant. c. plusbeginningwork-in-processinventoryminusendingwork-in-processinventory. d. whenmateri ...

Other / Other 27 May 2016

Whataretheconversioncostsperunit Figure InformationfromtherecordsoftheAbelCorporationforJuly2016wasasfollows: Sales $1,230,000 Sellingandadministrativeexpenses 210,000 Directmaterialsused 264,000 Directlabor 300,000 Factoryoverhead* *variableoverheadis$205,000,fixedoverheadis$200,000 405,000 Inventories 1. RefertoFigure.TheprimecostsperunitforSeptemberwere a.$7.05 b.$8.8125 c.$14.7375 d.$20.00 2. RefertoF ...

Other / Other 27 May 2016

Which is NOT a benefit of an activity- based cost management system 1. Thesystemthatfocusesonthemanagementofactivitieswiththeobjectiveofimprovingthevaluereceivedbythecustomerandtheprofitreceivedbyprovidingthisvalueiscalled. a. Activity-basedmanagement b. Contemporarycostcontrol c. Functional-basedcostmanagementsystem d. JIT 2. Whichofthefollowingitemswouldbeassociatedwithbothafunctional-basedcostaccountinginformationsystemandanac ...

Other / Other 27 May 2016

Explainthedifferencesbetweendirecttracing,drivertracing,andallocation 1. Explainthedifferencesbetweendirecttracing,drivertracing,andallocation 2.Describeacostmanagementinformationsystem,itsobjectives,andmajorsubsystems. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help ...

Other / Other 27 May 2016

WhichofthefollowingitemswouldNOTappearonanincomestatementofaserviceorganization 1. WhichofthefollowingisNOTanexampleofadifferencebetweentheincomestatementofaserviceorganizationandtheincomestatementofamanufacturingorganization? a. Aservicecompanywillneverhaveworkinprocess. b. Theservicecompanywillnothaveafinishedgoodsinventory. c. Fulfillmentcostsmaybeaddedtocostofgoodssoldofaservicecompany. d. Researchanddevelopmentexpensesarenotusuall ...

Other / Other 27 May 2016