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Which of the following describes job order or process costing?
a. Job order costing would be used in chemical manufacturing plants
b. Process costing would be used in a machine shop manufacturing custom products.
c. The cost of each job would be maintained in individual records for job order costing.
d. THe cost of each process would be calculated in advanced for job order costing.
Make notes on the following two items to help your manager to understand their meaning: The balanced scorecard and its perspectives on performance
Describe financial statements users (internal and external) . Who will benefit the most from accounting?
Explain the difference between defined contribution and defined benefit pension plans. Defined contribution plans are becoming much more popular vs. defined benefit plans. Why is this?
Explain why the quantity purchased is used in computing the direct materials price variance, but the actual quantity consumed is used in computing the direct materials quantity variance.
Determine how the costs in (a) and (b) should be presented on Erin's financial statements as of December 31, 2008. Also determine the amount of amortization of intangible assets that Erin should record in 2008 and 2009.
Mary has a three-stock portfolio and is interested in estimating its overall return next year. She has $25,000 invested in Orange Corp-Calculate the portfolio beta and then apply the SML.
Prepare journal entries to record the following transactions entered into by Harper Company:
Break even analysis utilizes both current and projected figures. In a rapidly changing economy, there are many individuals who are finding that their initial break even analyses were incorrect.
Explain the accounting alternatives that Bonanza Trading Stamps, Inc. should consider for the recognition of its revenues and related expenses.
Over the next few years companies will be shifting away form GAAP to IFRS (International Financial Reporting Standards). GAAP was a rules based approach to accounting where IFRS is a more principals based approach to accounting.
Axel Corporation acquires 100% of the stock of Wheal Company on December 31, Year 4. The following information pertains to Wheal Company on the date of acquisition:
Discuss what you consider to be the relevant aspects of describing data. Explain and tell why.
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