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Problem 1: Which of the following is not a typical role of a Management Accountant?
A. Budgeting
B. Cost Control
C. Planning
D. Auditing
Problem 2: Which of the following is an example of a discretionary cost?
A. Minimum wage
B. Terminal benefit
C. Medical allowance
D. Training
Problem 3: A method of dealing with overheads involves spreading common costs over cost centre on the basis of benefit received. This is known as
A Overhead absorption
B Overhead apportionment
C Overhead allocation
D Overhead analysis
In most cases, companies can select whichever depreciation method they deem appropriate for assets. The IRS, however requires companies to use MACRS. Doesn't this create a distortion in the accounting records?
A machinery was acquired for € 52,000. State if this is a temporary difference or a permanent difference and what is the depreciation value for the year 2016.
Net income is $132,000, accounts payable increased $10,000 during the year, inventory decreased $6,000 during the year, and accounts receivable increased $12,000 during the year. Under the indirect method, what is net cash provided by operations?
In the current year, Johnice started a profitable bookkeeping business as a sole proprietor. Johnice made $38,000 in her first year of operation. Illustrate what two forms must Johnice file for her business?
What is the breakeven point in units? What is the breakeven point in dollars? How many units must Millett, Inc. sell to earn a profit after taxes of $2,000,000?
Pumpkin Plastic Products Company manufactures pipes and applies manufacturing costs to production at a budgeted indirect-cost rate of $9 per direct labor-hour. The following data are obtained from the accounting records for June 2014: What actual amo..
Bonds Payable. The balance in the Bonds Payable account at year-end is $200,000,000. After reviewing the confirmation from the trustee, the auditors determine that the correct balance is $225,000,000. Answer the following questions regarding the bond..
Discuss the differences in upstream and downstream intercompany transfers. Why are they used and when are they used? What are the pros and cons of each method?
Comprehensive Annual Financial Report of PRINCE GEORGE's COUNTY. Prepare a Power Point presentation... 8-10 slides... COMPREHENSIVE ANNUAL FINANCIAL REPORT on PRINCE's GEORGE's COUNTY
What is the total cumulative gain or loss from the hedged item on the settlement of the deal (please also indicate it is a gain or loss)?
deglman manufacturing uses a job order cost system and applies overhead to production on the basis of direct labor
What worksheet adjustments would be required to convert this information to information that the city needs for preparing its government-wide financial
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