Professional Documents
Culture Documents
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Chapter 2
COST CONCEPTS AND
COST ALLOCATION
Chapter 2, SE 1.
1. ID, F, NVA, PD
2. Neither, V, NVA, PER
3. D, V, VA, PD
Chapter 16, SE 2.
Char Company
Income Statement
For the Year
Sales $900,000
Cost of goods sold
Finished goods inventory, beginning $ 45,000
Cost of goods manufactured 585,000
Cost of finished goods available for sale $630,000
Less finished goods inventory, ending 60,000
Cost of goods sold 570,000
Gross margin $330,000
Operating expenses 275,000
Operating income $ 55,000
Chapter 16, SE 4.
1. Purchase order
2. Time card
3. Receiving report
4. Job order cost card
5. Materials request
6. Sales invoice
7. Purchase request
1. O, CC
2. DM, PC
3. O, CC
4. DL, PC and CC
5. O, CC
6. O, CC
7. N, N
Chapter 16, SE 6.
Chapter 16, SE 7.
Since the overapplied amount is immaterial (less than 5% of actual overhead), the
Cost of Goods Sold account should be decreased by $1,130 to adjust the balance
to reflect actual overhead costs.
After the battle was over the priest called those who survived, and
enquired of each if he had killed anyone, or taken any prisoners. All
who had been in battle before delivered up their weapons to him,
who deposited them in the house where they were kept. Those who
had fought for the first time were called and asked if they had killed
anyone. If the person addressed replied in the affirmative, the priest
demanded his mere—stone battle-axe—and broke it into pieces.
This was the invariable custom with young warriors when they had
imbued their hands in the blood of their enemies. The priest having
afterwards assembled them together, used the following words,
which were called the Haha:
“This is the wind, the wind is feeding;
The wind descends,
The wind is prosperous,
The many sacred things of Tu.
The wind descends,
The wind is prosperous,
The living wind of Tu.”