1 / 57

1 POINT

Choc. Creme. Cruller. Boston Creme. Jelly. NONE. 1 POINT. 1 POINT. 1 POINT. 1 POINT. 1 POINT. 2 POINTS. 2 POINTS. 2 POINTS. 2 POINTS. 2 POINTS. 3 POINTS. 3 POINTS. 3 POINTS. 3 POINTS. 3 POINTS. 4 POINTS. 4 POINTS. 4 POINTS. 4 POINTS. 4 POINTS. 5 POINTS. 5 POINTS.

lani-wade
Download Presentation

1 POINT

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Choc. Creme Cruller Boston Creme Jelly NONE 1 POINT 1 POINT 1 POINT 1 POINT 1 POINT 2 POINTS 2POINTS 2POINTS 2 POINTS 2 POINTS 3 POINTS 3 POINTS 3 POINTS 3 POINTS 3 POINTS 4 POINTS 4 POINTS 4 POINTS 4 POINTS 4 POINTS 5 POINTS 5 POINTS 5 POINTS 5 POINTS 5 POINTS

  2. 1 POINT In making ice cream, sugar is this type of cost (DM, DL, FOH, other)

  3. What is Direct Materials?

  4. 2 POINTS In making ice cream, the factory equipment depreciation is this type of cost (DM, DL, FOH, other)

  5. What is the FOH?

  6. 3 POINTS In making ice cream, factory supervisor’s salary is this type of cost (DM, DL, FOH, other)

  7. What is FOH?

  8. 4 POINTS In making ice cream, the company president’s salary is this type of cost (DM, DL, FOH, other)

  9. What is other – Admin expense

  10. 5 POINTS In making ice cream, depreciation of the computers in the main, headquarters office is this type of cost (DM, DL, FOH, other)

  11. What is other?

  12. 1 POINT Prime costs are these.

  13. What is DM and DL?

  14. 2 POINTS Conversion costs are these.

  15. What is DL and FOH?

  16. 3 POINTS This is both a prime and conversion cost.

  17. What is DL?

  18. 4 POINTS What type of reports need to be prepared in accordance with GAAP?

  19. What are financial statements?

  20. 5 POINTS This is the primary reason managerial accounting reports are prepared.

  21. What is to meet management’s needs?

  22. 1 POINT These are the two main cost systems for manufacturing operations.

  23. What is process and job order?

  24. 2 POINTS These are the categories of inventory for a manufacturing company.

  25. What is Raw Materials, WIP, and FG?

  26. 3 POINTS The journal entry to put raw materials into production is this.

  27. Dr. WIP XX Cr. Materials XX

  28. 4 POINTS The journal entry to record completed jobs.

  29. Dr. FG XX Cr. WIP XX

  30. 5 POINTS The journal entries to record the sale of a product.

  31. Dr. A/R (Cash) XX Cr. Sales revenue XX Dr. COGS XX Cr. FG XX

  32. 1 POINT Period costs are usually these.

  33. What is selling and administrative?

  34. 2 POINTS The journal entry to transfer costs from Dept 1 to Dept 2 in a process cost system.

  35. Dr. WIP 2 XX Cr. WIP 1 XX

  36. 3 POINTS This is how gross margin is calculated.

  37. What is Sales Revenue – Cost of Good Sold.

  38. 4 POINTS BB Raw Materials = $40,000 Purchased Materials = $80,000 EB Raw Materials = $22,000 This was the amount of RM placed in production.

  39. What is $98,000?

  40. 5 POINTS • Order these steps: • Allocate costs to transferred and partially completed units • Determine the cost per EU • Calculate EU of production • Determine the units to be assigned costs

  41. What is 4,3,2,1.

  42. 1 POINT

  43. 2 POINTS

  44. 3 POINTS

  45. 4 POINTS

More Related