Exam 28: Journal Entries to Record Variances

Curd Corporation has provided the following data concerning its most important raw material, compound J33X: When recording the use of materials in production, Raw Materials would be:

(Multiple Choice)

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Question 41

Henifin Corporation has provided the following data concerning its most important raw material, compound K91J: The raw material was purchased on account. -The Materials Price Variance for January would be recorded as a:

(Multiple Choice)

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Question 42

Castanada Corporation has provided the following data concerning its direct labor costs for August: -The journal entry to record the incurrence of direct labor costs in August would include the following for Work in Process:

(Multiple Choice)

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Question 43

The following direct labor standards have been established for product K62G:

(Essay)

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Question 44

Schinkel Corporation has provided the following data concerning its most important raw material, compound X87C: The raw material was purchased on account. Required: a. Record the purchase of the raw material in a journal entry. b. Record the use of the raw material in production in a journal entry.

(Essay)

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Question 45

Henifin Corporation has provided the following data concerning its most important raw material, compound K91J: The raw material was purchased on account. -The credits to the Raw Materials account for January would total:

(Multiple Choice)

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Question 46

Showing 41 - 46 of 46

Curd Corporation has provided the following data concerning its most important raw material, compound J33X: When recording the use of materials in production, Raw Materials would be:

Henifin Corporation has provided the following data concerning its most important raw material, compound K91J: The raw material was purchased on account. -The Materials Price Variance for January would be recorded as a:

Castanada Corporation has provided the following data concerning its direct labor costs for August: -The journal entry to record the incurrence of direct labor costs in August would include the following for Work in Process:

The following direct labor standards have been established for product K62G:

Schinkel Corporation has provided the following data concerning its most important raw material, compound X87C: The raw material was purchased on account. Required: a. Record the purchase of the raw material in a journal entry. b. Record the use of the raw material in production in a journal entry.

Henifin Corporation has provided the following data concerning its most important raw material, compound K91J: The raw material was purchased on account. -The credits to the Raw Materials account for January would total:

Managerial Accounting and the Business Environment

Managerial Accounting and Cost Concepts

Systems Design: Job-Order Costing

Systems Design: Process Costing

Cost Behavior Analysis and Use

Cost-Volume-Profit Relationship

Variable Costing: a Tool for Management

Activity Based Costing: a Tool to Aid Decision-Making

Profit Planning

Flexible Budgets and Performance Analysis

Standard Costs and Operating Performance Measures

Segment Reporting, Decentralization, and the Balanced Scorecard

Relevant Costs for Decision Making

Capital Budgeting Decisions

How Well Am I Doing Statement of Cash Flows

How Well Am I Doing Financial Statement Analysis

Pricing Products and Services

Profitability Analysis

Further Classification of Labor Costs

Cost of Quality

the Predetermined Overhead Rate and Capacity

Fifo Method

Service Department Allocations

Least-Squares Regression Computations

Abc Action Analysis

Using a Modified Form of Activity-Based Costing to

Predetermined Overhead Rates and Overhead Analysis

Transfer Pricing

Service Department Charges

The Concept of Present Value

Income Taxes in Capital Budgeting Decisions

The Direct Method of Determining the Net Cash Provided by

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