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Exam 19: Job-Order Costing: a Microsoft Excel-Based Approach

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Exam 1: Managerial Accounting and Cost Concepts299 Questionsadd course
Exam 2: Job-Order Costing: Calculating Unit Production Costs292 Questionsadd course
Exam 3: Job-Order Costing: Cost Flows and External Reporting255 Questionsadd course
Exam 4: Process Costing138 Questionsadd course
Exam 5: Cost-Volume-Profit Relationships260 Questionsadd course
Exam 6: Variable Costing and Segment Reporting: Tools for Management291 Questionsadd course
Exam 7: Super-Variable Costing49 Questionsadd course
Exam 8: Master Budgeting234 Questionsadd course
Exam 9: Flexible Budgets and Performance Analysis417 Questionsadd course
Exam 10: Standard Costs and Variances247 Questionsadd course
Exam 11: Performance Measurement in Decentralized Organizations180 Questionsadd course
Exam 12: Differential Analysis: The Key to Decision Making203 Questionsadd course
Exam 13: Capital Budgeting Decisions179 Questionsadd course
Exam 14: Statement of Cash Flows132 Questionsadd course
Exam 15: Financial Statement Analysis289 Questionsadd course
Exam 16: Cost of Quality66 Questionsadd course
Exam 17: Activity-Based Absorption Costing20 Questionsadd course
Exam 18: The Predetermined Overhead Rate and Capacity42 Questionsadd course
Exam 19: Job-Order Costing: a Microsoft Excel-Based Approach28 Questionsadd course
Exam 20: Fifo Method100 Questionsadd course
Exam 21: Service Department Allocations60 Questionsadd course
Exam 22: Analyzing Mixed Costs81 Questionsadd course
Exam 23: Time-Driven Activity-Based Costing: a Microsoft Excel-Based Approach123 Questionsadd course
Exam 24: Predetermined Overhead Rates and Overhead Analysis in a Standard Costing System177 Questionsadd course
Exam 25: Standard Cost Systems: a Financial Reporting Perspective Using Microsoft Excel138 Questionsadd course
Exam 26: Transfer Pricing102 Questionsadd course
Exam 27: Service Department Charges44 Questionsadd course
Exam 28: Pricing Decisions149 Questionsadd course
Exam 29: The Concept of Present Value16 Questionsadd course
Exam 30: Income Taxes and the Present Value Method150 Questionsadd course
Exam 31: the Direct Method of Determining the Net Cash Provided by Operating Activities56 Questionsadd course
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Angeloni Corporation uses a job-order costing system to assign manufacturing costs to jobs.At the end of the month it closes out any overapplied or underapplied manufacturing overhead to Cost of Goods Sold.Its balance sheet on July 1 appears below: Angeloni Corporation uses a job-order costing system to assign manufacturing costs to jobs.At the end of the month it closes out any overapplied or underapplied manufacturing overhead to Cost of Goods Sold.Its balance sheet on July 1 appears below: Summaries of the transactions completed during July appear below: Required: a.Completely fill in the spreadsheet below.Because the page is too narrow to accommodate all of the columns,the spreadsheet has been divided into two parts that should be side by side. b.Prepare a Schedule of Cost of Goods Sold for the company for July. c.Prepare an Income Statement for the company for July. Summaries of the transactions completed during July appear below: Angeloni Corporation uses a job-order costing system to assign manufacturing costs to jobs.At the end of the month it closes out any overapplied or underapplied manufacturing overhead to Cost of Goods Sold.Its balance sheet on July 1 appears below: Summaries of the transactions completed during July appear below: Required: a.Completely fill in the spreadsheet below.Because the page is too narrow to accommodate all of the columns,the spreadsheet has been divided into two parts that should be side by side. b.Prepare a Schedule of Cost of Goods Sold for the company for July. c.Prepare an Income Statement for the company for July. Required: a.Completely fill in the spreadsheet below.Because the page is too narrow to accommodate all of the columns,the spreadsheet has been divided into two parts that should be side by side. Angeloni Corporation uses a job-order costing system to assign manufacturing costs to jobs.At the end of the month it closes out any overapplied or underapplied manufacturing overhead to Cost of Goods Sold.Its balance sheet on July 1 appears below: Summaries of the transactions completed during July appear below: Required: a.Completely fill in the spreadsheet below.Because the page is too narrow to accommodate all of the columns,the spreadsheet has been divided into two parts that should be side by side. b.Prepare a Schedule of Cost of Goods Sold for the company for July. c.Prepare an Income Statement for the company for July. Angeloni Corporation uses a job-order costing system to assign manufacturing costs to jobs.At the end of the month it closes out any overapplied or underapplied manufacturing overhead to Cost of Goods Sold.Its balance sheet on July 1 appears below: Summaries of the transactions completed during July appear below: Required: a.Completely fill in the spreadsheet below.Because the page is too narrow to accommodate all of the columns,the spreadsheet has been divided into two parts that should be side by side. b.Prepare a Schedule of Cost of Goods Sold for the company for July. c.Prepare an Income Statement for the company for July. b.Prepare a Schedule of Cost of Goods Sold for the company for July. c.Prepare an Income Statement for the company for July.

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Question 21

Montuori Corporation uses a job-order costing system to assign manufacturing costs to jobs.At the end of the month it closes out any overapplied or underapplied manufacturing overhead to Cost of Goods Sold.Its balance sheet on October 1 appears below: Montuori Corporation uses a job-order costing system to assign manufacturing costs to jobs.At the end of the month it closes out any overapplied or underapplied manufacturing overhead to Cost of Goods Sold.Its balance sheet on October 1 appears below: Summaries of the transactions completed during October appear below: Required: a.Completely fill in the spreadsheet below.Because the page is too narrow to accommodate all of the columns,the spreadsheet has been divided into two parts that should be side by side. b.Prepare a Schedule of Cost of Goods Sold for the company for October. c.Prepare an Income Statement for the company for October. Summaries of the transactions completed during October appear below: Montuori Corporation uses a job-order costing system to assign manufacturing costs to jobs.At the end of the month it closes out any overapplied or underapplied manufacturing overhead to Cost of Goods Sold.Its balance sheet on October 1 appears below: Summaries of the transactions completed during October appear below: Required: a.Completely fill in the spreadsheet below.Because the page is too narrow to accommodate all of the columns,the spreadsheet has been divided into two parts that should be side by side. b.Prepare a Schedule of Cost of Goods Sold for the company for October. c.Prepare an Income Statement for the company for October. Required: a.Completely fill in the spreadsheet below.Because the page is too narrow to accommodate all of the columns,the spreadsheet has been divided into two parts that should be side by side. Montuori Corporation uses a job-order costing system to assign manufacturing costs to jobs.At the end of the month it closes out any overapplied or underapplied manufacturing overhead to Cost of Goods Sold.Its balance sheet on October 1 appears below: Summaries of the transactions completed during October appear below: Required: a.Completely fill in the spreadsheet below.Because the page is too narrow to accommodate all of the columns,the spreadsheet has been divided into two parts that should be side by side. b.Prepare a Schedule of Cost of Goods Sold for the company for October. c.Prepare an Income Statement for the company for October. Montuori Corporation uses a job-order costing system to assign manufacturing costs to jobs.At the end of the month it closes out any overapplied or underapplied manufacturing overhead to Cost of Goods Sold.Its balance sheet on October 1 appears below: Summaries of the transactions completed during October appear below: Required: a.Completely fill in the spreadsheet below.Because the page is too narrow to accommodate all of the columns,the spreadsheet has been divided into two parts that should be side by side. b.Prepare a Schedule of Cost of Goods Sold for the company for October. c.Prepare an Income Statement for the company for October. b.Prepare a Schedule of Cost of Goods Sold for the company for October. c.Prepare an Income Statement for the company for October.

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Question 22

In the Excel,or spreadsheet,approach to recording financial transactions,the cost of goods sold is recorded as a decrease in the Finished Goods column and as a decrease in the Retained Earnings column.

(True/False)
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Question 23

The equation "Ending balance in retained earnings = Beginning balance in retained earnings + Net operating income - Dividends" highlights the connection between the balance sheet and income statement and recognizes the fact that net operating income is essentially embedded within retained earnings on the balance sheet.

(True/False)
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Question 24

Venzke Corporation uses a job-order costing system to assign manufacturing costs to jobs.At the end of the month it closes out any overapplied or underapplied manufacturing overhead to Cost of Goods Sold.Its balance sheet on January 1 appears below: Venzke Corporation uses a job-order costing system to assign manufacturing costs to jobs.At the end of the month it closes out any overapplied or underapplied manufacturing overhead to Cost of Goods Sold.Its balance sheet on January 1 appears below: Summaries of the transactions completed during January appear below: Required: a.Completely fill in the spreadsheet below.Because the page is too narrow to accommodate all of the columns,the spreadsheet has been divided into two parts that should be side by side. b.Prepare a Balance Sheet for the company for January 31. Summaries of the transactions completed during January appear below: Venzke Corporation uses a job-order costing system to assign manufacturing costs to jobs.At the end of the month it closes out any overapplied or underapplied manufacturing overhead to Cost of Goods Sold.Its balance sheet on January 1 appears below: Summaries of the transactions completed during January appear below: Required: a.Completely fill in the spreadsheet below.Because the page is too narrow to accommodate all of the columns,the spreadsheet has been divided into two parts that should be side by side. b.Prepare a Balance Sheet for the company for January 31. Required: a.Completely fill in the spreadsheet below.Because the page is too narrow to accommodate all of the columns,the spreadsheet has been divided into two parts that should be side by side. Venzke Corporation uses a job-order costing system to assign manufacturing costs to jobs.At the end of the month it closes out any overapplied or underapplied manufacturing overhead to Cost of Goods Sold.Its balance sheet on January 1 appears below: Summaries of the transactions completed during January appear below: Required: a.Completely fill in the spreadsheet below.Because the page is too narrow to accommodate all of the columns,the spreadsheet has been divided into two parts that should be side by side. b.Prepare a Balance Sheet for the company for January 31. Venzke Corporation uses a job-order costing system to assign manufacturing costs to jobs.At the end of the month it closes out any overapplied or underapplied manufacturing overhead to Cost of Goods Sold.Its balance sheet on January 1 appears below: Summaries of the transactions completed during January appear below: Required: a.Completely fill in the spreadsheet below.Because the page is too narrow to accommodate all of the columns,the spreadsheet has been divided into two parts that should be side by side. b.Prepare a Balance Sheet for the company for January 31. b.Prepare a Balance Sheet for the company for January 31.

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Question 25

In the Excel,or spreadsheet,approach to recording financial transactions,any transactions involving sales or expenses will be recorded in the Net Income column of the balance sheet.

(True/False)
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Question 26

Feuerborn Corporation uses a job-order costing system to assign manufacturing costs to jobs.At the end of the month it closes out any overapplied or underapplied manufacturing overhead to Cost of Goods Sold.Its balance sheet on January 1 appears below: Feuerborn Corporation uses a job-order costing system to assign manufacturing costs to jobs.At the end of the month it closes out any overapplied or underapplied manufacturing overhead to Cost of Goods Sold.Its balance sheet on January 1 appears below: Summaries of the transactions completed during January appear below: Required: a.Completely fill in the spreadsheet below.Because the page is too narrow to accommodate all of the columns,the spreadsheet has been divided into two parts that should be side by side. b.Prepare a Balance Sheet for the company for January 31. c.Prepare a Schedule of Cost of Goods Manufactured for the company for January. d.Prepare a Schedule of Cost of Goods Sold for the company for January. e.Prepare an Income Statement for the company for January. Summaries of the transactions completed during January appear below: Feuerborn Corporation uses a job-order costing system to assign manufacturing costs to jobs.At the end of the month it closes out any overapplied or underapplied manufacturing overhead to Cost of Goods Sold.Its balance sheet on January 1 appears below: Summaries of the transactions completed during January appear below: Required: a.Completely fill in the spreadsheet below.Because the page is too narrow to accommodate all of the columns,the spreadsheet has been divided into two parts that should be side by side. b.Prepare a Balance Sheet for the company for January 31. c.Prepare a Schedule of Cost of Goods Manufactured for the company for January. d.Prepare a Schedule of Cost of Goods Sold for the company for January. e.Prepare an Income Statement for the company for January. Required: a.Completely fill in the spreadsheet below.Because the page is too narrow to accommodate all of the columns,the spreadsheet has been divided into two parts that should be side by side. Feuerborn Corporation uses a job-order costing system to assign manufacturing costs to jobs.At the end of the month it closes out any overapplied or underapplied manufacturing overhead to Cost of Goods Sold.Its balance sheet on January 1 appears below: Summaries of the transactions completed during January appear below: Required: a.Completely fill in the spreadsheet below.Because the page is too narrow to accommodate all of the columns,the spreadsheet has been divided into two parts that should be side by side. b.Prepare a Balance Sheet for the company for January 31. c.Prepare a Schedule of Cost of Goods Manufactured for the company for January. d.Prepare a Schedule of Cost of Goods Sold for the company for January. e.Prepare an Income Statement for the company for January. Feuerborn Corporation uses a job-order costing system to assign manufacturing costs to jobs.At the end of the month it closes out any overapplied or underapplied manufacturing overhead to Cost of Goods Sold.Its balance sheet on January 1 appears below: Summaries of the transactions completed during January appear below: Required: a.Completely fill in the spreadsheet below.Because the page is too narrow to accommodate all of the columns,the spreadsheet has been divided into two parts that should be side by side. b.Prepare a Balance Sheet for the company for January 31. c.Prepare a Schedule of Cost of Goods Manufactured for the company for January. d.Prepare a Schedule of Cost of Goods Sold for the company for January. e.Prepare an Income Statement for the company for January. b.Prepare a Balance Sheet for the company for January 31. c.Prepare a Schedule of Cost of Goods Manufactured for the company for January. d.Prepare a Schedule of Cost of Goods Sold for the company for January. e.Prepare an Income Statement for the company for January.

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Question 27

In the Excel,or spreadsheet,approach to recording financial transactions,factory depreciation is recorded as a decrease in the Property,Plant,and Equipment column and as a decrease in the Retained Earnings column.

(True/False)
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Question 28
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