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ACC 349 Week 5 Team P8 2A

Dec 2nd, 2014
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  3. In this work ACC 349 Final Exam you will find right answers on the following questions:
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  6. 1) What is the best way to handle manufacturing overhead costs in order to get the most timely job cost information?
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  9. 2) At the end of the year, manufacturing overhead has been overapplied. What occurred to create this situation?
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  12. 3) Luca Company overapplied manufacturing overhead during 2006. Which one of the following is part of the year end entry to dispose of the overapplied amount assuming the amount is material
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  15. 4) Which of the following would be accounted for using a job order cost system?
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  18. 5) Which one of the following is NEVER part of recording the issuance of raw materials in a job order cost system?
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  21. 6. What is unique about the flow of costs in a job order cost system?
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  24. 7) Which one of the following costs would be included in manufacturing overhead of a lawn mower manufacturer?
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  27. 8) What broad functions do the management of an organization perform?
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  30. 9) Which of the following represents the correct order in which inventories are reported on a manufacturer
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  32. Business - Accounting
  33. 1) What is the best way to handle manufacturing overhead costs in order to get the most timely job cost information?  2) At the end of the year, manufacturing overhead has been overapplied. What occurred to create this situation? 3) Luca Company overapplied manufacturing overhead during 2006. Which one of the following is part of the year end entry to dispose of the overapplied amount assuming the amount is material 4) Which of the following would be accounted for using a job order cost system? 5) Which one of the following is NEVER part of recording the issuance of raw materials in a job order cost system? Finished Goods Inventory is debited when goods are transferred from work in process to finished goods, not when raw materials are issued for a job. 6. What is unique about the flow of costs in a job order cost system? 7) Which one of the following costs would be included in manufacturing overhead of a lawn mower manufacturer? Depreciation on testing equipment would be included in manufacturing overhead because it is indirectly associated with the finished product. 8) What broad functions do the management of an organization perform? 9) Which of the following represents the correct order in which inventories are reported on a manufacturer’s balance sheet? 10) In traditional costing systems, overhead is generally applied based on 11) An activity that has a direct cause-effect relationship with the resources consumed is a(n) 12) A well-designed activity-based costing system starts with 13) Which of the following factors would suggest a switch to activity-based costing? 14) All of the following statements are correct EXCEPT that 15) What sometimes makes implementation of activity-based costing difficult in service industries is 16) One of Astro Company's activity cost pools is machine setups, with estimated overhead of $150,000. Astro produces sparklers (400 setups) and lighters (600 setups). How much of the machine setup cost pool should be assigned to sparklers? 17) Poodle Company manufactures two products, Mini A and Maxi B. Poodle's overhead costs consist of setting up machines, $800,000; machining, $1,800,000; and inspecting, $600,000. Information on the two products is:      Mini A  Maxi B Direct labor hours  15,000  25,000 Machine setups  600  400 Machine hours  24,000  26,000 Inspectio
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  35. To get more course tutorials visit - https://bitly.com/12B6084
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  37. On the first couple of days of class, make sure that you personally introduce yourself to the professor during their office hours. This can go a long way in showing the professor that you are interested in the class, and will also help them to put a face to a name quicker.
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