Top PDF Test Bank Cost Accounting 6e by Raiborn and Kinney 14 chapter

Test Bank Cost Accounting 6e by Raiborn and Kinney  14 chapter

Test Bank Cost Accounting 6e by Raiborn and Kinney 14 chapter

d. The project is quantitatively unacceptable because it has a negative NPV, a less-than- one PI, and a payback period of over six years. However, the NPV and PI are extremely close to being acceptable. Because the new machine will provide XYZ zero-defect production, the investment may be desirable if additional qualitative factors are considered such as improved competitive position, customer satisfaction, goodwill generated, improved product quality and reliability, and a desire to be in the forefront of manufacturing capability. XYZ may want to attempt to quantify these benefits and reevaluate the machine's acceptability as an investment.
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Test Bank Cost Accounting 6e by Raiborn and Kinney  18 chapter

Test Bank Cost Accounting 6e by Raiborn and Kinney 18 chapter

2. The pursuit of increased quality is necessary because global competition allows consumers to purchase products and services from the highest quality providers in the world. BPR is a useful tool for increasing quality because it focuses attention on processes associated with poor quality and indicates ways in which quality can be improved by replacing, changing, or eliminating those processes.

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Test Bank Cost Accounting 6e by Raiborn and Kinney  15 chapter

Test Bank Cost Accounting 6e by Raiborn and Kinney 15 chapter

Discretionary costs are difficult to control because it is difficult to identify the exact benefits of discretionary activities and the relationship of these activities to the organization's output and goals. Thus, it is difficult to decide at what level a discretionary activity should be funded or if it should be funded at all based on the lack of a definite causal relationship between the discretionary activity and the firm's output and goals.

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Test Bank Cost Accounting 6e by Raiborn and Kinney  16 chapter

Test Bank Cost Accounting 6e by Raiborn and Kinney 16 chapter

Prevention costs are incurred to prevent product or service defects and decrease the number of nonconforming units produced. These costs include items such as quality training programs, quality reporting, quality audits, and quality circles. Raw material vendors are selected with the understanding that all delivered materials meet acceptable quality limits.

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Test Bank Cost Accounting 6e by Raiborn and Kinney  13 chapter

Test Bank Cost Accounting 6e by Raiborn and Kinney 13 chapter

Acadian Savings and Loan has three departments that generate revenue: loans, checking accounts, and savings accounts. Acadian Savings and Loan has two service departments: Administration/Personnel and Maintenance. The service departments provide service in the order of their listing. The following information is available for direct costs. Administration/ Personnel costs are best allocated based on number of employees while Maintenance costs are best allocated based on square footage occupied.

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Test bank Cost Accouting 6e by Rainborn Chapter 19

Test bank Cost Accouting 6e by Rainborn Chapter 19

There are two major problems with accrual-based accounting numbers. The first problem is that they can be easily manipulated by managers. For example, the timing of end of period transactions can be accelerated or delayed to affect performance measures. Secondly, accounting measures cannot capture all corporate goals. Accounting measures are particularly inappropriate to measure qualitative changes in the workforce, qualitative changes in products, and achievement of social and non-monetary

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Test Bank Cost Accounting 6e by Raiborn and Kinney  6 chapter

Test Bank Cost Accounting 6e by Raiborn and Kinney 6 chapter

13. Delightful Yogurt Company produces yogurt in two departments-Mixing and Finishing. In Mixing, all ingredients except fruit are added at the start of production. In Finishing, fruit is added and then the mixture is placed into containers. Adding the fruit to the basic yogurt mixture increases the volume transferred in by the number of gallons of fruit added. Any spoilage that occurs is in the Finishing Department. Spoilage is detected just before the yogurt is placed into containers or at the 98 percent completion point. All spoilage is abnormal.

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Test Bank Cost Accounting 6e by Raiborn and Kinney  2 chapter

Test Bank Cost Accounting 6e by Raiborn and Kinney 2 chapter

The relevant range is that range of activity over which a variable cost remains constant on a per-unit basis and a fixed cost remains constant in total. Managers can review the various ranges of activity and the related effects on variable cost (per-unit) and fixed cost (in total) to determine how a change in the range will affect costs and, thus, the firm's profitability.

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Test Bank Cost Accounting 6e by Raiborn and Kinney  9 chapter

Test Bank Cost Accounting 6e by Raiborn and Kinney 9 chapter

37. Unique Company manufactures a single product. In the prior year, the company had sales of $90,000, variable costs of $50,000, and fixed costs of $30,000. Unique expects its cost structure and sales price per unit to remain the same in the current year, however total sales are expected to increase by 20 percent. If the current year projections are realized, net income should exceed the prior year’s net income by:

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Test Bank Advanced Accounting 10E by  Beams  02 chapter

Test Bank Advanced Accounting 10E by Beams 02 chapter

8 Jabiru Corporation purchased a 20% interest in Fish Company common stock on January 1, 2002 for $300,000. This investment was accounted for using the complete equity method and the correct balance in the Investment in Fish account on December 31, 2004 was $440,000. The original excess purchase transaction included $60,000 for a patent amortized at a rate of $6,000 per year. In 2005, Fish Corporation had net income of $4,000 per month earned uniformly throughout the year and paid $20,000 of dividends in May. If Jabiru sold one-half of its investment in Fish on August 1, 2005 for $500,000, how much gain was recognized on this transaction?
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Test bank Advanced Accounting 10e by Beams Chapter 04

Test bank Advanced Accounting 10e by Beams Chapter 04

Financial statements for Owl and Hunt Corporations at the end of the fiscal year ended December 31, 2005 appear in the first two columns of the partially completed consolidation working papers. Owl has accounted for its investment in Hunt using the equity method of accounting. Owl Corporation owed Hunt Corporation $100 on open account at the end of the year. Dividends receivable in the amount of $450 payable from Hunt to Owl is included in Owl’s net receivables.

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Test Bank Advanced Accounting 8E by Baker  04 chapter

Test Bank Advanced Accounting 8E by Baker 04 chapter

9. On January 1, 2008, Blake Company acquired all of Frost Corporation's voting shares for $280,000 cash. On December 31, 2009, Frost owed Blake $5,000 for services provided during the year. When consolidated financial statements are prepared for 2009, which entry is needed to eliminate intercompany receivables and payables in the consolidation workpaper?

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Test Bank Advanced Accounting 3E by Jeter  15 chapter

Test Bank Advanced Accounting 3E by Jeter 15 chapter

Many companies with defined benefit plans are curtailing or eliminating the plans altogether. With a defined benefit plan, the company guarantees some set amount(or formula-determined payment) when the employee retires. Because most pension assets are invested in the stock market, whether a pension plan is fully funded of-ten depends on the strength of the stock market. Be-cause of this volatility, companies often find themselves unexpectedly in a position where they must either in-crease funding or disclose significant underfunding. Because of this, many companies simply reduce or eliminate the plan. Consider the pension plan of Golden Years Company (GYC). Historically, GYC has been a great company to work for, with strong employee benefits. GYC’s pension liability is approximately $15 million. However, recently the company has been experiencing minor financial troubles in a decreasing stock market and, consequently, announced the termination of the pension plan in an effort to save costs. However, the pension plan was fully funded by$9 million (the fair value of assets exceeded the expected liability).
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Test Bank Advanced Accounting 3E by Jeter  04 chapter

Test Bank Advanced Accounting 3E by Jeter 04 chapter

11. A consolidated statement of cash flows contains two adjustments that result from the existence of a noncontrolling interest: (1) an adjustment for the noncontrolling interest in net income or loss of the subsidiary in the determination of net cash flow from operating activities, and (2) subsidiary dividend payments to the noncontrolling stockholders must be included with parent company dividends paid in determining cash paid as dividends because the entire amount of the noncontrolling interest in net income (loss) is added back (deducted) in determining net cash flows from operating activities.
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Solution Manual and Test Bank Advanced Accounting by Guerrero & Peralta 2 CHAPTER 03

Solution Manual and Test Bank Advanced Accounting by Guerrero & Peralta 2 CHAPTER 03

Cruz capital ................................................. 17,000 (new investment by Cruz brings total capital to P85,000 after 2006 loss [80,000 – 10,000 + 15,000]. Cruz's 20% interest is P17,000 [85,000 x 20%] with the extra P2,000 coming from the two original partners [allocated between them according to their profit and loss ratio].)

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Test bank Advanced Accounting 10e by Beams Chapter 20

Test bank Advanced Accounting 10e by Beams Chapter 20

In a proprietary fund statement of cash flows, cash paid to other funds, except for interfund services used, should be classified as a cash outflow from a?. noncapital financing acti[r]

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Solution Manual and Test Bank Advanced Accounting by Guerrero & Peralta 2 CHAPTER 02

Solution Manual and Test Bank Advanced Accounting by Guerrero & Peralta 2 CHAPTER 02

Net income before salaries and bonus ......... ..................... ....................... P510,000 Less Salaries ................................................ ..................... ....................... 200,000 Net income before bonus ............................ ..................... ....................... 310,000 Net income after bonus (P310,000  125%) ..................... ....................... _248,000 Bonus .......................................................... ..................... ....................... P 62,000

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Solution Manual and Test Bank Advanced Accounting by Guerrero & Peralta 2 CHAPTER 05

Solution Manual and Test Bank Advanced Accounting by Guerrero & Peralta 2 CHAPTER 05

partnership is P485,000 + P175,000 = P660,000. A one-sixth interest in the partnership is P660,000 x 1/6 = P110,000. Using the bonus method, we compute a bonus of P175,000 – P110,000 = P65,000. Using the 2:3 profit sharing ratio, the amount allocated to Jenny is P26,000 (2/5 x P65,000) and the amount allocated to Kenny is P39,000 (3/5 x P65,000).

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Solution Manual and Test Bank Advanced Accounting by Guerrero & Peralta 2 CHAPTER 04

Solution Manual and Test Bank Advanced Accounting by Guerrero & Peralta 2 CHAPTER 04

40/60 (P2,000) - - - - - 1,334 - 620,000 -0- (480,000) (60,000) (153,334) 73,334 -0- Offset deficit with loan - - - 60,000 - (60,000) - 620,000 -0- (480,000) -0- (153,334) 13,334 -0- Contribution by G 13,334 - (13,334) - 633,334 -0- (480,000) -0- (153,334) -0- -0- Payment of creditors (480,000) - 480,000 - - - - 153,334 -0- -0- -0- (153,334) -0- -0- Distribution to K (153,334) - - 153,334 - -
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Test bank Advanced Accounting 10e by Beams Chapter 21

Test bank Advanced Accounting 10e by Beams Chapter 21

Unrestricted Revenues - Investment Income ............. 96,000 Temporarily restricted gain on sale of investments .... 9,000 Expenses - Research ................................... 3,200,000 Expenses - Fund Raising ............................... 700,000 Expenses - Management and General ..................... 300,000 Restricted Support - Contributions .................... 600,000 Restricted Revenues - Investment Income ............... 50,000 Permanently Restricted Support - Contributions ........ 60,000

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