Given the following information how much was transferred to

Assignment Help Accounting Basics

Reference no: EM13482978

1. Managerial accounting

A. Focuses primarily on reporting to regulatory agencies

B. Is governed by generally accepted accounting principles

C. Is highly discretionary and varies greatly from business to business

D. Should be considered as a substitute for financial accounting

2. Which cost are not affected by the level of production?

A. Total fixed costs

B. Direct materials

C. Direct labor

D. Total variable costs

3. Given the following information how much was transferred to work in process on January 31? Inventory on January 1 is 100,000, raw materials purchased in Jan are 500,000 and and raw materials inventory on Jan. 31 200,000

A. 200,000

B. 400,000

C. 600,000

D. 700,000

Reference no: EM13482978

Questions Cloud

Imagine a startup company of your own and briefly trace its : imagine a startup company of your own and briefly trace its development from a sole proprietorship to a major

Determine which items should be included in a statement of : presented below are selected financial statement items for rowe corporation for december 31 2012.inventory55000cash

Gibbs company purchases sails and produces sailboats it : gibbs company purchases sails and produces sailboats. it currently produces 1258 sailboats per year operating at normal

However one of these customers subsequently made a payment : supreme sales company which sells only on account had a 100000 balance in its accounts receivable and a 4000 balance in

Given the following information how much was transferred to : 1. managerial accountinga. focuses primarily on reporting to regulatory agenciesb. is governed by generally accepted

Inventory purchase budget using the sales-managerrsquos : inventory purchase budget using the sales-managers estimate 1st 2nd 3rd 4th sales 380000 310000 280.000 480000 cost of

Merchandise with an invoice price of 2000 was purchased on : merchandise with an invoice price of 2000 was purchased on october 3 terms 115 n60. the company uses the net method to

A footnote to these statements indicated that the company : a large corporation recently reported the following amounts on its year-end balance sheets20072008accounts

Recruiters sent to college campuses must be properly : 1.recruiters sent to college campuses must be properly trained to and prepared to talk to candidates about their

User Account

All Pages