Accountingacademic

Demizio Valley Orchards, Inc. (DVO), developed standard costs for direct material and direct labor. In 2015, DVO estimated the following standard costs for one of their most well loved products, the DVO classic Grandma's large apple pie which had a brown sugar coating on the top of the crust as well as including cranberry and mince ingredients in addition to the apples. Budgeted quantity Budgeted price Direct materials 2.0 pounds $6.25 per pound Direct labor 0.20 hours $13.00 per hour During September, DVO produced and sold 1,100 pies using 2,100 pounds of direct materials at an average cost per pound of $6.00 and 200 direct labor hours at an average wage of $13.50 per hour. a) The direct material price variance during September is ? b) The direct material efficiency variance during September is ? c) The direct labor price variance during September is ? d) The direct labor efficiency variance during September is ?

Different management levels in Bates inc., require varying degrees of managerial accounting information. because of the need to comply with the managers requests four different variances for manufacturing overhead are computed each month. The information for the September overhead expenditures is as follows. Budgeted output units- 3,200 units Budgeted fixed manufacturing Overhead - $20,000 Budgeted variable manufacturing overhead- $5 per direct labor hour Budgeted direct manufacturing labor hours- 2 hours per unit Fixed manufacturing cost incurred $26,000 Direct manufacturing labor hours used 7,200 Variable manufacturing costs incurred $35,600 Actual units manufactured 3,400 units Below compute a 4-variance analysis for the plant controller Required: Compute a 4-variance analysis for the plant controller. | | Actual Results | Spending Variance | Actual Input Qty. Budgeted Rate | Efficiency Variance | Flexible Budget Budgeted Input Qty. for Allowed Output* Budgeted Rate | Production Variance | Allocated: Budgeted Input Qty. Allowed for Actual Output * Budgeted Rate | | --- | --- | --- | --- | --- | --- | --- | --- | | Units | A) | B) | C) | D) | E) | F) | 3200 units | | Actual or Budgeted Input Qty. | G) | H) | I) | J) | K) | L) | 6400 hours | | Variable Overhead | M) | 0) | P) | Q) | R) | Never a Variance | S) | | Fixed Overhead | T) | U) | V) | Never a Variance | W) | X) | Y) |

What is ACH Credit TPG Products SBTPG LLC?

The primary objective of financial accounting is to: Inform management about what, when, and how much products to produce. Monitor consumer needs, tastes, and price concerns. Serve the decision-making needs of Internal Revenue Service (IRS) for tax collection. Provide accounting information that serves external users in making decisions such as investment and lending.

Goods in transit are included in a purchaser's inventory: Multiple Choice At any time during transit. When the goods are shipped FOB shipping point. When the supplier is responsible for freight charges. If the goods are shipped FOB destination. After the half-way point between the buyer and seller. Goods in transit are included in a purchaser's inventory: Multiple Choice At any time during transit. When the goods are shipped FOB shipping point. When the supplier is responsible for freight charges. If the goods are shipped FOB destination. After the half-way point between the buyer and seller. Multiple Choice Debit Income Summary $13,000; credit Owner's, Capital $13,000. Debit Income Summary $75,000; credit Revenues $75,000. Debit Revenues $75,000; credit Income Summary $75,000. Debit Income Summary $62,000; credit Expenses $62,000. Debit Owner's, Capital $8,000, credit Owner's, Withdrawals $8,000.

Which of the is the correct formula for calculating gross profit percentage?

"Managerial accounting is primarily focused on: Select one: A. Providing information for internal and external users B. Providing general purpose financial statements C. Providing special-purpose information and reports D. Following generally accepted accounting principles"

Gibson Manufacturing is a small textile manufacturer using machine-hours as the single indirect-cost rate to allocate manufacturing overhead costs to the various jobs contracted during the year. The following estimates are provided for the coming year for the company and for the Winfield High School band jacket job. Company Winfield High School Job Direct materials $40,000 $1,000 Direct labor $10,000 $200 Manufacturing overhead costs $30,000 Machine-hours 100,000 mh 900 mh Required: 1.Determine the overhead cost allocation rate 2.Calculate the amount of overhead allocated to the Winfield High School Job 3.Calculate the total manufacturing costs charged to this job 4.What is the bid price for this job if Gibson uses a 40% mark-up on total manufacturing costs.

Which is not a temporary account? A. Revenue B. Expenses C. Dividends D. Retained Earnings

U-turns are prohibited: On one-way streets. Where you do not have an unobstructed view of the roadway for at least 200 feet in both directions. In front of fire stations.

Which is not an expense account? A. Rent expense B. Repairs expense C. Advertising expense D. Interest expense E. Accrued expenses

What is the underlying concept regarding level premiums?

Rachel Cruze describes overdrafting your checking account as a sign of: A. Responsibility B. Boredom C. Laziness D. Debt

Select ALL of the correct responses. Information is prohibited from being classified for what reasons: (Select all that apply) To protect national security To restrain competition To prevent embarrassment To conceal violations of law, inefficiencies, or errors

Not managing your debt wisely can result in: A. An increase in your credit score B. A decrease in your credit score C. Inaccessible credit score D. No change in your credit score

How many yards are equal to 144 inches? Select one: a. 4 yards b. 12 yards c. 36 yards d. 5,184 yards

The basic NPV investment rule is: A. Accept a project if the NPV is greater than zero. B. Reject a project if its NPV is less than zero. C. If the NPV is equal to zero, acceptance or rejection of the project is a matter of indifference.

When dividing its total debt by its total equity, what is a company trying to measure? A. Leverage B. Profitability C. Growth D. Value E. Liquidity

If a license has a restriction code of A, it means: Business only Daylight only Employer's vehicle only No restrictions

Which phrase has a more negative connotation? A. a bullheaded employee B. a persistent employee

Per company policy, tools over $1000 are capitalized. What is the correct entry to record a tool purchase of $500?

What is the formula for total fixed cost?

To file your federal and state taxes, you ____________.

record the entry to close the revenue accounts, the expense accounts, and and dividends account. then prepare a post closing trial balance # Problem 3-6B (Algo) Record closing entries and prepare a post-closing trial balance (LO3-6, 3-7) The year-end financial statements of Gold Hunter Financial Services are provided below: | 2010 INWTO | | | | | | --- | --- | --- | --- | --- | | Income (income) | | | | | | 500,000 | | | | | | Expenses: | | | | | | Salaries | | | | | | 0,000 | | | | | | 0,000 | | | | | | 0,000 | | | | | | 0,000 | | | | | | 0,000 | | | | | | 0,000 | | | | | | 0,000 | | | | | | 0,000 | | | | | | 0,000 | | | | | | 0,000 | | | | | | 0,000 | | | | | | 0,000 | | | | | | 0,000 | | | | | | 0,000 | | | | | | 0,000 | | | | | | 0,000 | | | | | | 0,000 | | | | | | 0,000 | | | | | | 0,000 | | | | | | 0,000 | | | | | | 0,000 | | | | | | 0,000 | | | | | | 0,000 | | | | | | 0,000 | | | | | | 0,000 | | | | | | 0,000 | | | | | | 0,000 | | | | | | 0,000 | | | | | | 0,000 | | | | | | 0,000 | | | | | | 0,000 | | | | |

Cynthia needs to share a financial snapshot of her company, including its current worth. Which QuickBooks report would be most useful? A. Balance sheet B. General ledger C. Profit and loss

Can McGraw Hill's online platforms detect when a user switches tabs during an assessment or interactive activity?

How can you reduce your total loan cost?

# Question 1 of 10 ## 2 Points ## If $\mathscr{H}_{\perp} \square$, which statement is true? A. $\mathscr{R}$ and $\square$ meet at a straight angle. B. $\mathscr{R}$ and $\square$ are coplanar and do not intersect. C. $\mathscr{R}$ and $\square$ meet at a right angle. D. $\mathscr{R}$ and $\square$ are not in the same plane.

A recommendation is a statement of your professional conclusion. Select one: A. True B. False

# Give examples of equations for the following common surfaces: 1. Plane: - Equation: $a x+b y+c z=d$ - Easiest Coordinate System: Cartesian coordinates, because the plane can be easily described with a linear equation involving $x, y$, and $z$. 2. Sphere: - Equation: $x^{2}+y^{2}+z^{2}=r^{2}$ - Easiest Coordinate System: Spherical coordinates, because the radius and angles naturally describe the spherical shape. 3. Elliptic Paraboloid: - Equation: $z=\frac{x^{2}}{a^{2}}+\frac{y^{2}}{b^{2}}$ - Easiest Coordinate System: Cartesian coordinates, since it provides a straightforward way to represent the quadratic terms. 4. Hyperbolic Paraboloid: - Equation: $z=\frac{x^{2}}{a^{2}}-\frac{y^{2}}{b^{2}}$ - Easiest Coordinate System: Cartesian coordinates, for the same reasons as the elliptic paraboloid. 5. Circular Cylinder: - Equation: $x^{2}+y^{2}=r^{2}$ - Easiest Coordinate System: Cylindrical coordinates, because the equation involves a fixed radius from a central axis. 6. Half Cone: - Equation: $z^{2}=x^{2}+y^{2}$ - Easiest Coordinate System: Cylindrical coordinates, since it can naturally describe the conical shape using a linear relationship between height and radial distance.

What is the rule for the reflection? $$ \begin{aligned} & \bigcirc r_{y \text {-axis }}(x, y) \rightarrow(-x, y) \\ & \bigcirc r_{y \text {-axis }}(x, y) \rightarrow(x,-y) \\ & \bigcirc r_{x \text {-axis }}(x, y) \rightarrow(-x, y) \\ & \bigcirc r_{x \text {-axis }}(x, y) \rightarrow(x,-y) \end{aligned} $$

"Which is a reason for account suspension? Choose an appropriate option and select Submit. A. Account delinquent after 31 days B. Account delinquent after 61 days C. Two returned checks in a 24-month period D. Two disputed transactions in a 12-month period"

"To file your federal and state taxes, you ____________? A) must prepare different forms for each type of government (if your state requires it) B) can use tax preparation software for federal taxes, but can't for state taxes C) must prepare the same tax forms for both D) can use tax preparation software for state taxes, but can't for federal taxes"

"How much did it cost to build Qatar's Lusail Iconic Stadium for the 2022 World Cup? A. 25 million B. 50 million C. billion D. 1. billion"

"Theo needs to enter a new income account into QuickBooks. Which list should he use? A. Customer B. Income C. Chart of accounts"

"Calculate the new price given the following: Original price: $19.99 Discount: 30%"

"Which statement is not true about receipts? A. You must supply receipts for all trip expenses you claimed on the voucher. B. You must provide a valid receipt for every individual expense of $75.00 or more. C. You must supply receipts for all lodging. D. A receipt must be itemized, be legible, match the claim amount, and show payment."

"Describe an unclassified balance sheet. A. An unclassified balance sheet is one whose items are broadly grouped into assets, liabilities, and equity. B. An unclassified balance sheet is one where assets are separated into operating assets and non-operating assets. C. An unclassified balance sheet organizes assets and liabilities into important subgroups. D. An unclassified balance sheet lists all operating expenses separate from its non-operating expenses."

# X Class - CBSE Nature of system of linear equations : Let $a_{1} x+b_{1} y+c_{1}=0$ and $a_{2} x+b_{2} y+c_{2}=0$ is a system of | S.No. | Compare <br> ratios | Alachvale <br> Interpretation | Graphical <br> Representation | Nature of the <br> System | | :-- | :-- | :-- | :-- | :-- | | 1. | $\frac{a_{1}}{a_{2}} \neq \frac{b_{1}}{b_{2}}$ | Exactly one <br> solution (unique) | Intersecting lines | Consistent | | 2. | $\frac{a_{1}}{a_{2}}=\frac{b_{1}}{b_{2}}=\frac{c_{2}}{c_{2}}$ | Infinitely many <br> solutions | Coincident lines | Consistent and dependent | | 3. | $\frac{a_{1}}{a_{2}}=\frac{b_{1}}{b_{2}} \neq \frac{c_{2}}{c_{2}}$ | No solution | Parallel lines | Inconsistent | Note: The solution of a consistent system of linear equations is the coordinates of intersecting point of the two lines represented by them. ## EXERCISE 3.1 1. On comparing the ratios, $\frac{a_{1}}{a_{2}}, \frac{b_{1}}{b_{2}}$ and $\frac{c_{1}}{c_{2}}$, find out whether the lines representing the given pairs of linear equations intersect a point, are parallel or coincident. Sol. i) $5 x-4 y+8=0$ $7 x+6 y-9=0$ Comparing the given equations with standard forms of equations $a_{1} x+b_{1} y+c_{1}=0$ and $a_{2} x+b_{2} y+c_{2}=0$ we have $$ a_{1}=5, b_{1}=-4, c_{1}=8 ; a_{2}=7, b_{2}=6, c_{2}=-9 $$ Now $\frac{a_{1}}{a_{2}}=\frac{5}{7}, \frac{b_{1}}{b_{2}}=\frac{-4}{6}$ $$ \frac{a_{1}}{a_{2}} \neq \frac{b_{1}}{b_{2}} $$ Thus the lines representing the pair of linear equation are intersecting. ii) $9 x+3 y+12=0,18 x+6 y+24=0$ We have $a_{1}=9, b_{1}=3, c_{1}=12 ; a_{2}=18, b_{2}=6, c_{2}=24$ Now $\frac{a_{1}}{a_{2}}=\frac{9}{18}=\frac{1}{2}, \frac{b_{1}}{b_{2}}=\frac{3}{6}=\frac{1}{2}$ and $\frac{c_{1}}{c_{2}}=\frac{12}{24}=\frac{1}{2}$

What is the percent recovery formula?