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cost accounting
Questions and Answers of
Cost Accounting
Under a job order system of cost accounting, Cost of Goods Sold is debited and Finished Goods is credited for a: a. Transfer of materials to the factory. b. Shipment of completed goods to the
A transformer has 1,000 turns of wire in the primary coil and 50 turns in the secondary coil. If the input voltage is 2400 V, what is the output voltage?
Exercise 18.42 Use Table 18.2 Fractions of Molecules in an Ideal Gas with Speeds Less than Various Multiples of v/vrms in the textbook. The molar mass of N2 is 28.0 g/mol. Part A For a gas of
Valdez Company has a required rate of return of 12%. The Company has an investment opportunity to purchase an asset that costs $171,654.05. The asset is expected to have a 5 year useful life and is
Wally's Widget Company (WWC) incorporated near the end of 2011. Operations began in January of 2012. WWC prepares adjusting entries and financial statements at the end of each month. Balances in the
A block with mass m1 = 8.7 kg is on an incline with an angle θ = 38° with respect to the horizontal. For the first question there is no friction, but for the rest of this problem the coefficients
Wateredge Corporation has budgeted a total of $361,800 in costs and expenses for the upcoming quarter. Of this amount, $45,000 represents depreciation expense and $7,300 represents the expiration of
What amount should be recorded as the cost of a machine purchased December 31, 2014, which is to be financed by making 8 annual payments of $9,000 each beginning December 31, 2015? The applicable
What are some of the factors complicating international expansion of a brand like Disney? What can a multinational corporation do to mitigate these issues?
In the fast fashion retail business strategy, supply chain management processes serve to introduce fashionable merchandise rapidly, such that stores can respond immediately to customer demand for
What costs are associated with imperfectly anticipated inflation? Discuss them carefully. Who loses, and who gains, when inflation is higher than we expect?
Ann sued a grocery store for injuries. She had slipped on some accumulated rainwater as she stepped on a rubber mat just inside the door to the store. Prior to the fall, the bag boy had placed a wet
What do the Ada and COBOL languages have in common?
What feature must be present for a plant to produce wood? a. A type of conducting system in which vascular bundles occur in a ring around pith b. A eustele c. A Vascular cambium d. All of the
What initial speed would a particle need to be given at the surface of Earth if it is to have a final speed that is equal to its escape speed when it is very far from Earth? Neglect any effects due
What is meant by exchange-rate overshooting? Why does it occur?
Assume Alice uses S/Key and a seed x to generate 200 one-time passwords for her to login into the EBay server. Please answer the following question: What is the 106th password that will be used for
What is the difference between the way operators are implemented in C++ and Ruby?
What is the future value on January 1, 2022, of $20,000 deposited on January at 10% compounded annually?
What is the major disadvantage of microbial counts performed by methods other than the serial dilution-agar plate procedure?
Certain production process employs two inputs--labor (L) and raw materials (R). Output (Q) is a function of these two inputs and is given by the following relationship: Q = 6L2 R2- 0.10L3 R3 Assume
What is the power of the force required to move a 4500kg elevator cab with a load of 1800 kg upward at constant speed 3.80 m/s?
What is the present value on January 1, 2016, of 7 equal futures annual receipts of $30,000 if the first receipt is received on January 1, 2017, and the interest rate is 10% compounded annually?
What might be the pros and cons of adopting the German system of mandatory works councils in the United States?
What problem would arise if in projecting cash flows for a capital budgeting decision on a project interest expense was not excluded?
Annette Company produces a caliber used in the production of automobile transmissions. The caliber is sold to automobile manufactures and automobile engine manufacturers. The Sales Price is $240 per
What role do performance reports play with respect to the control function?
What stumbling blocks did Disney encounter at its France and Hong Kong theme parks?
What type of adjustments must advertising agencies make as more companies want "one sight, one sound, one sell" campaigns? Use examples
What was the first national park in the world, and when was it established? How have the purposes of this park and others changed?
What was the impact of the European Union's Eighth Directive on the regulation of auditing in the United Kingdom?
What would happen if the government chooses to increase the number of years that a firm can enjoy patent protection from 20 years to 25 years?
What guidelines are available for the accountant in serving the needs of the nonpublic client?
Approximately 13% of the general population is left-handed. A researcher has recently come into contact with a number of left-handed artists and wonders whether artists are more likely to be
When the current through an inductor increases, the amount of energy stored in the electromagnetic field (a) Decreases (b) Remains constant (c) Increases (d) Doubles
When the tide water A subsides, the tide gate automatically swings open to drain the marsh B. For the condition of high tide shown, determine the horizontal reactions developed at the thing C and
When you first assemble your project team, what can you do to build team spirit? What behaviors are the different individuals likely to exhibit during this team-building process? How do you
Assume you are working as an investment financial officer for your company (or use a public company of your choice). Make up an investment opportunity for your company and discuss key sensitivities
Which of the following solutions will give rise to a greater osmotic pressure at equilibrium; 5.00 g of NaCI in 350.0 mL water or 35.0 g of glucose in 400.0 mL water? For NaCI, MW = 58.5 amu; for
Which of the following statements regarding stock trading is incorrect? a. Stock that has priority for dividends and bankruptcy liquidation is called equity stock. v. Proxy voting is the voting
Which of the following transactions would not be counted in GDP? Explain your answers. a. General Motors issues new shares of stock to finance the construction of a plant. b. General Motors builds
Which of the substances Na3PO4, CBr4, rubber, Au, and quartz best fits each of the following descriptions? (a) Amorphous solid (b) Ionic solid (c) Molecular solid (d) Covalent network solid (e)
Which statement is INCORRECT given the following Treasury quotes? Maturity Coupon Bid Asked Chg Asked Yld 5/15/2030 6.250 150.7188 150.7500 .8906 2.713 a. This bond's coupon rate is 6.25%. b. The
Bordon gathered the following information for inventory at December 31, 2016: Inventory item #XP101; Quantity 100; Unit Cost $50; Market (replacement cost) $49 Inventory item #CD99; Quantity 60; Unit
Answer the following questions about the database indexes. a) What are the differences among the primary, secondary, and clustering indexes? b) Why can we have at most one primary or clustering index
1. Why is the purchasing of new housing included in the investment component of GDP rather than the consumption component? 2. Also any reason why household purchases of new cars should be included in
Why is Acetyl-CoA considered the central molecule of metabolism?
Why is fetal Hb essential for the survival of placental animals?
Why is interstellar travel so difficult? Describe a few technologies that might someday make it possible.
Why is it difficult for labor negotiators to switch from traditional to integrative bargaining? What recommendations would you make for negotiators trying to make this switch? Why is it more
Why is it essential that the primary stain and the counter stain be of contrasting colors?
Barnes and Noble had the following transactions during July of 2016:July 5: Sold $20,000 worth of books to Kruger Books on account at a price of $25 each. Terms 2/10, net 30. The books cost Barnes
Why is it important to explore traffic behavior when designing a network? What problems could arise if you don't understand traffic behavior when you build a new network or upgrade a network?
Why is it necessary that the gas-burning unit be grounded on a DSI system?
Why is there such a difference in Asia's share of global real GDP, depending on whether the computation uses purchasing power parities or exchange rates?
Wimpy Inc. produces and sells a single product. The selling price of the product is $150.00 per unit and its variable cost is $58.50 per unit. The fixed expense is $366,915 per month. The break-even
Wolfgang can borrow at 7.1 percent. The company currently has no debt, and the cost of equity is 13.8 percent. The current value of the firm is $595,000. What will the value be if the company
Would the concept of consumers' surplus be a sound welfare measure if the income distribution were deemed inequitable? If so, in what way?
1-Propylamine 1-propanol Acetic acid, and butane have about the same molar masses which would you expect to have the(a) Highest boiling point.(b) Lowest boiling point.(c) Least solubility in Water,
Bundy Batteries produces batteries for laptop computers. The following per unit cost information is available: direct materials $15; direct labor $18; variable manufacturing overhead $12; fixed
A computer employs RAM chips of 256 x 8 and ROM chips of 1024 x 8. The computer system needs 2K bytes of RAM, 4K bytes of ROM. and tour interlace units, each with tour registers. A memory-mapped I/O
Wright Machinery Corporation manufactures automobile engines for major automobile producers. The engines sell for $920 per engine. In addition, customers have the option to purchase a service-type
Write a program that displays a single character in all possible combinations of foreground and background colors (16 x 16 = 256). The colors are numbered 0 to 15, so you can use a nested loop to
A DRAM chip uses two-dimensional address multiplexing. It has 13 column address pins. With the row address having one bit more than the column address. What is the capacity of the memory?
A drug company maintains that a new drug G for a certain disease has a 50% cure rate as compared with drug H. which has only a 25% cure rate You are asked to design a clinical trial comparing drugs G
A factory machine was purchased for $375,000 on January 1, 2014. It was estimated that it would have a $75,000 salvage value at the end of its 5-year useful life. It was also estimated that the
A gas mixture with a molar analysis of 20% C3H8 (propane) and 80% air enters a control volume operating at steady state at location 1 with a mass flow rate of 5 kg/min, as shown in Fig. P12.10. Air
A Geiger tube consists of two elements, a long metal cylindrical shell and a long straight metal wire running down its central axis. Model the tube as if both the wire and cylinder are infinitely
A horizontal jet of water (at 10°C) that is 6 cm in diameter and has a velocity of 20 m/s is deflected by the vane as shown. If the vane is moving at a rate of 7 m/s in the x-direction, what
A household cleanser is labeled germicidal. Explain what this means to you.
Consider the case study presented in Section 15.5 involving the Texago Corp. site selection problem. Texago management has tentatively chosen St. Louis as the site of the new refinery. However,
A large number of seeds are observed, and their initial launch angles are recorded. The range of projection angles is found to be -51° to 75°, with a mean of 31°. Approximately 65% of the seeds
Burr, Inc. provided the following information: _________________________________July ______August Projected sales .....................................$220,000.........$260,000 Projected merchandise
Do you think Toyota's organizational structure and norms are explicitly formalized in rules, or do the norms seem to be more inherent in the culture of the organization?
A long, straight wire carries a current of 7.5A .How far from this wire is the magnetic field it produces equal to the Earth's magnetic field, which is approximately 5.0 x 10-5 T? r = _______ cm
1. A long-term asset is recorded at the: a. Cost of the asset. b. Additional costs to get the asset ready for use. c. Cost of the asset plus all costs necessary to the asset ready for use. d. Cost of
Claw Inc. projected the following sales data for the first six months of next year: January, $30,000; February, $20,000, March, $40,000; April, $44,000; May, $46,000; and June, $52,000. Twenty-five
Companies can capitalize software development costs when the product is "technologically feasible". Some companies never capitalize their software costs - for example, Microsoft. Reliance Inc., a
Tara Enterprises has numerous investments in debt and equity securities. The controller, James Cameron is preparing its year-end financial statements and is in the process of classifying for the
Compare and contrast the methods that can be used in accounting for investments. How does a company choose a method? What are the advantages and disadvantages of each?
Can an ANOVA analysis be performed on just two sets of data? If so, what other statistical analysis technique is this equivalent to?
Stakeholder prioritization involves determining which stakeholders will receive the largest consideration during planning. For a frame of reference, create a fictitious project and describe how would
A procurement officer finds that the delivery time for a specific item is never less than 5 days. The worst case scenario is that it takes 30 days for the item to arrive. A delivery lead time of 10
Darwin Inc. sells a particular textbook for $30. Variable expenses are $23 per book. At the current volume of 55,000 books sold per year the company is just breaking even. Given these data, the
Why incremental cash are flow the relevant cash flows for capital budgeting analysis? Why not just analyze the levels of cash flow and be done with it? Fully explain.
Carlos Consulting Inc. provides financial consulting and has collected the following data for the next year's budgeted activity for a lead consultant. Consultants' wages $90,000 Fringe benefits
Carson Inc.'s manager believes that economic conditions during the next year will be strong, normal, or weak, and she thinks that the firm's returns will have the probability distribution shown
Cindy Ho, VP of Finance at Discrete Components, Inc. (DCI), theorizes that the discount level offered to credit customers affects the average collection period on credit sales. Accordingly, she has
A single hollow fiber is placed within a larger diameter glass tube forming a shell space that surrounds the hollow fiber. The hollow fiber is 20 cm in length and has a diameter of 400 μm. The flow
A skateboarder starts up a 1.0-m-high, 30° ramp at a speed of 7.7 m/s. The skateboard wheels roll without friction. At the top, she leaves the ramp and sails through the air. How far from the end of
A standard roulette wheel has an array of numbered compartments referred to as "pockets." The pockets are red, black, or green. The numbers 1 through 36 are evenly split between red and black, while
A survey shows that 10% of the population is victimized by property crime each year. A random sample of 527 older citizens (65 years or more of age) shows a victimization rate of 14%. Are older
A toroidal solenoid has an inner radius of 12.0 cm and an outer radius of 15.0cm. It carries a current of 1.50A. How many equally spaced turns must it have so that it will produce a magnetic field of
A volume of 18.72 mL of 0.1500M K2Cr2O7 solution was required to titrate a sample of FeSO4 according to the equation in Problem 7.96. What is the mass of the sample?
A conservatively financed film would a. Use long-term financing for all fixed assets and short-term financing for ball other assets. b. I finance a portion of permanent assets and short-term assets
A worker sensitive firm is bound eventually to face a competitive disadvantage as it cannot control its labor costs. Elaborate this statement.
Rewrite the following if-else chain using a switch statement If (lettergrade=='A') printf("The numerical grade is between 90 and 100\n"); else if((lettergrade=='B') printf("The numerical grade is
a) The current in a 75 mH inductor changes uniformly by 200 mA in 0.1 ms. what is the voltage across it?b) Determine the inductance of an air core coil with length 20 cm, 200 turns and a diameter of
A blood sample is found to contain 8.6 mg / dL of Ca. How many atoms of Ca are present in 8.6 mg? The atomic weight of Ca is 40.08 amu.
Chlorine can be absorbed from C12-air mixtures by olefins dissolved in CCl4. It was found that the reaction of C12, with cyclo-hexene (C6H10) is second order with respect to Cl2 and zero order with
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