Please provide the answer in order 1 to 50, matching question 1 with answer 1 and so long.

D D A rm produces and sells two products, Plus and Max. The following information is available relating to setup costs (a part of factory overhead]: Units produced Batch size (units) Number of setups Direct labor hours per unit Total direct labor hours Cost per setup $ 1,030 Total setup cost $ 64,800 Using number of setups as the activity base, the amount of setup cost allocated to each unit of product for Plus and Max, respectively is: $200.00: $16,000.00 "' $60.00;$60.00. c\" $54.00:$27.00. \"- $21.60;$.54. '7 7- $108.00: $2.70. Segmental Manufacturing owns 35% of Glesson Corp. stock. Glesson pays a total of $47,000 in cash dividends for the period. Segmental's entry to record the dividend transaction would include a: f? Credit to Long-Term Investments for $16,450. Credit to Investment Revenue for $47,000. -:_~ Debit to Long-Term Investments for $16,450. Debit to lCash for $47,000. -" Credit to Cash for $16,450. Max 16,000 400 40 5 I) Industry standards for nancial statement analysis: -"- Are available 'for the nancial performance and condition of the company's industry. -" Compare a company's income with its prior year's income. " Are set by the government. Are based on rules of thumb. Are based on a single competitor's nancial performance. 3 Capital budgeting is the process of analyzing: -" Investments with certain outcomes only. " Cash outflows only. Short-term investments. Operating revenues. Long-term investments. I) A company is considering a 5-year project. The company plans to invest $60,000 now and it forecasts cash ows for each year of $16,200. The company requires a hurdle rate of 12%. Calculate the internal rate of return to determine whether it should accept this project. Selected factors for a present value of an annuity of 1 for ve years are shown below: Present value of an annuity of $1 factor for year 5 3.7908 3.6048 3.4331 The project should be accepted. Only 10% is acceptable. The project should be rejected because it earns less than 10%. The project earns more than 10% but less than 12%. At a hurdle rate of 12%. the project should be rejected. Only 9% is acceptable. D D Flagstaff Company has budgeted production units of 1900 for July and 8,100 for August. The direct materials requirement per unit is 2 ounces (02.). The company has determined that it wants to have safety stock of direct materials on hand at the end of each month to complete 20% of the units budgeted in the following month. There was 3,160 ounces of direct material in inventory at the start of July. The total cost of direct materials purchases for the July direct materials budget, assuming the materials cost $1.15 per ounce, is: $14,536. $18,170. $18,262. $18,078. '"' $21,896. Use the following data to nd the direct labor rate variance if the company produced 3,500 units during the period. Direct labor standard (4 hrs. @ $?fhr.] $ 28 per unit Actual hours worked 12,250I Actual rate per hour 15 7.50 -"- $6,125 favorable. $12,250 favorable. " $6.125 unfavorable. $7.000 unfavorable. "- $7,000 favorable. D Wyman Corporation uses a process costing system. The company manufactured certain goods at a cost of $800 and sold them on credit to Percy Corporation for $1,075. The complete journal entry to be made by Wyman at the time of this sale is: ,._ Debit Accounts Receivable $1,075: credit Sales $1.075: debit Cost of Goods Sold $800: credit Finished Goods Inventory $800. Debit Cost of Goods Sold $1,075; credit Sales $1,075. r: Debit Finished Goods Inventory $800: debit Sales $1,075; credit Accounts Receivable $1,075; credit Cost of Goods Sold $800. Debit Accounts Receivable $1.075: credit Sales $275; credit Finished Goods Inventory $800. :- Debit Accounts Receivable $1,075: debit Selling expense $800: credit Sales $1,075: credit Cost of Goods Sold $800. I) Use the following information to calculate cash paid for income taxes: Income tax expense Income tax payable. January 1 Income tax payable. December 31 D Pergunta 10 2 pts A company issued 70 shares of $30 par value preferred stock for $4,000 cash. The journal entry to record the issuance is: Debit Cash $4,000; credit Paid-in Capital in Excess of Par Value, Preferred Stock $1,900, credit Preferred Stock $2,100. -" Debit Investment in Preferred Stock $2.100: credit Cash $2,100. r? Debit Cash $2,100; credit Preferred Stock $2,100. "- Debit Cash $4,000; credit Preferred Stock $4,000. .7; Debit Preferred Stock $2.100, debit Investment in Preferred Stock $1.900: credit Cash $4,000. D Management anticipates xed costs of $72,500 and variable costs equal to 40% of sales. What will pretax income equal if sales are $325,000? $130,000. ".r- $57,500. $252,500. "'- $181,250. {7' $122,500. D Memphis Company anticipates total sales for April, May, and June of $800,000, $900,000, and $950,000 respectively. Cash sales are normally 25% of total sales. Of the credit sales, 30% are collected in the same month as the sale, 65% are collected during the rst month after the sale, and the remaining 5% are not collected. Compute the amount of cash received from credit sales during the month of May. ".r- $890,000. $817,500. $652,500. \"7- $561,500. -"- $59 2.500. D Pergunta 13 2 pts A rm expects to sell 25,000 units of its product at $11 per unit and to incur variable costs per unit of $6. Total xed costs are $20,000. The total contribution margin is: r' $125,000. \"7- $55,000. -"- $150,000. .77. $380,000. 0 $90,000. :3 The statement of cash ows helps analysts evaluate all but which of the following? Source of cash used for plant expansion. " Source of cash used to nance investing activities. Ability of the company to generate prot. Source of cash used for debt repayments. Differences between net income and net operating cash ow. D An example of direct labor cost is: Maintenance worker wages Janitor wages Supervisor salary -"- Product assembler wages '\" Accountant salary D The contract between the bond issuer and the bondholders identifying the rights and obligations of the parties. is called aln]: Bond indenture. '\" Mortgage contract. Installment note. :1 Pergunta 1? 2 pts Continuous improvement: Strives to preserve acceptable levels of performance. '- Is not applicable to most businesses. Encourages employees to maintain established business practices. '- ls possible only in service businesses. " Rejects the notion of "good enough." D A contract pledging title to assets as security for a note or bond is known as a[an]: " Equity. Sinking fund. D Pergunta 19 2 pts Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Minstrel incurred a factory payroll of $150,000, of which $40,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. Thejournal entry to record the purchase of materials is: Debit Work in Process Inventory $195,000: credit Raw Materials Inventory $195,000. "- Debit Raw Materials Inventory $198,000: credit Accounts Payable $198,000. Debit Raw Materials Inventory $198,000: credit Finished Goods Inventory $198,000. Debit Work in Process Inventory $198,000: credit Accounts Payable $198,000. Debit Raw Materials Inventory $198,000: credit Work in Process Inventory $198,000. D Preparation of the statement of cash ows does not involve: -"- Computing and reporting net cash provided or used by investing activities. -"- Computing the net increase or decrease in cash. -"- Computing and reporting net cash provided or used bynancing activities. " Computing the prot compared to the net increase or decrease in cash. Computing and reporting net cash provided or used by operations. D Pergunta 21 2 pts Which of the following statements is correct concerning the Days' sales in raw materials inventory? A measure of how long it takes raw materials to be used in production. -"- ls calculated by taking the Raw materials usedlAverage raw materials inventory. -"- The ratio is not useful for a manufacturer. -"- Reveals how many times a company turns over its raw materials inventory in a period. n Most companies generally prefer a higher number of days' sales in raw materials inventory. D A company is considering the purchase of a new machine for $48,000. Management predicts that the machine can produce sales of $16,000 each year for the next 10 years. Expenses are expected to include direct materials, direct labor, and factory overhead totaling $12,000 per year including depreciation of $3,000 per year. The company's tax rate is 40%. What is the payback period for the new machine? " 8.9 years. '- 6.0 years. 7.5 years. ' 12.0 years. '- 20.0 years. D The investee company in a long term investment with controlling interest is called the: -"- Owner. " Creditor. r\" Subsidiary. Senior entity. Parent. During March, a rm expects its total sales to be $160,000, its total variable costs to be $95,000, and its total xed costs to be $25,000. The contribution margin for March is: $90,000. '"" $65,000. " $25,000. \" $40,000. $120,000. D Prior to May 1, Fortune Company has never had any treasury stock transactions. A company repurchased 100 shares of its common stock on May 1 for $5,000. On July 1, it reissued 50 of these shares at $52 per share. On August 1, it reissued the remaining treasury shares at $49 per share. What is the balance in the Paid-in Capital, Treasury Stock account on August 2? I\". $23600. $5,050. $50. Pleasant Hills Properties is developing a golf course subdivision that includes 250 home lots: 100 lots are golf course lots and will sell for $95,000 each: 150 are street frontage lots and will sell for $65,000. The developer acquired the land for $1,800,000 and spent another $1,400,000 on street and utilities improvement. Compute the amount ofjoint cost to be allocated to the street frontage lots using value basis. {Round your intermediate percentages to 2 decimal places.) 'f- $1,620,800. $720,000. $1,080,000. \"7- $1,920,000. " $1,579,200. Pergunta 27 Andrew Industries purchased $165,000 of raw materials on account during the month of March. The beginning Raw Materials Inventory balance was $22,000, and the materials used to completejobs during the month were $141,000 of direct materials and $13,000 of indirect materials. What journal entry should Andrew use to account for direct materials used in March: " Debit Finished Goods Inventory $22,000: credit Raw Materials Inventory $22,000. -'.'- Debit Work in Process Inventory $141,000: credit Raw Materials Inventory $141,000. -'.' Debit Raw Materials Inventory $153,000: credit Work in Process Inventory $153,000. '- Debit Work in Process Inventory $141,000: credit Accounts Payable $141,000. 'f- Debit Raw Materials Inventory $141,000: credit Accounts Payable $141,000. A company uses the weighted average method for inventory costing. At the start of a period the production department had 20,000 units in beginning Work in Process inventory which were 40% complete: the department completed and transferred 165,000 units. At the end of the period, 22,000 units were in the ending Work in Process inventory and are 75% complete. The production department had conversion costs in the beginning goods is process inventory of $99,000 and total conversion costs added during the period are $726,825. Compute the conversion cost per equivalent unit. " $4.61. $4.40. 7' $4.55. " $4.76. 'T' $4.19. D Pergunta 29 2 pts Barnes Company purchased $50,000 of 8% bonds at par. The bonds mature in six years and are a held-to-maturity security. Which of the following is the correct journal entry to record the receipt of the semiannual interest payment? debit Unrealized Gain-Equity. $2,000: credit Cash, $2,000. 'f- debit Cash, $2,000: credit Interest Revenue. $2,000. debit Cash, $4,000: credit Long-Term InvestmentsHTM, $4,000. -" debit Cash, $4,000: credit Unrealized Gain-Equity, $4,000. \"7- debt Cash. $2,000; credit Long-Term InvestmentsHTM, $2000. I) Bonds that have an option exercisable by the issuerto retire them ata stated dollar amount prior to maturity are known as: Sinking fund bonds. " Callable bonds. T- Convertible bonds. "- Serial bonds. 7? Junk bonds. I) Selected current year company information follows: Net income $15,953 712,855 Total liabilities, beginning-year Total liabilities, end-of-year 103,201 Total stockholders' equity, begin ning-year...... 198,935 Total stockholders' equity, end-of-year 121,851 The return on total assets is: 'T- 4.67% 6.28% -" 2.24% "7- 3.64% "- 2.81% 3 Porter Co. is analyzing two projec1s for the future. Assume that only one project can be selected. Cost of machine Net cash ow: Year 1 Year 2 Year 3 Year4 The payback period in years for Project X is: :> Which of the following statements is correct concerning the elements of cycle time?