Entries by mary WAMBUGU

Multiple Choice)In considering a special order situation that will enable a company to make use of presently idle capacity, which of the following costs would be irrelevant? A. Materials B. Depreciation C. Direct labor D. Variable overhead E. None of these.

August 28, 2019 in /by

19. (Multiple Choice)In considering a special order situation that will enable a company to make use of presently idle capacity, which of the following costs would be irrelevant? A. Materials B. Depreciation C. Direct labor D. Variable overhead E. None of these. 20. (Multiple Choice)The type of costs presented to management for an equipment replacement […]

 

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Echo Sports Company produces home basketball goal systems consisting of a stand, backboard, rim, and net. The company has sufficient orders and capacity to produce 800 goal systems per month.

August 28, 2019 in /by

<table><tbody><tr><td colspan=”7″>Echo Sports Company produces home basketball goal systems consisting of a stand, backboard, rim, and net. The company has sufficient orders</td> </tr><tr><td colspan=”4″>and capacity to produce 800 goal systems per month. Manufacturing costs and other costs are shown below:</td> <td></td> <td></td> <td></td> </tr><tr><td></td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr><tr><td>Administrative salary</td> <td>             2,400.00 </td> […]

 

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Date Account Titles and Explanation Debit Credit Jan. 2, 2014 (b) Prepare the journal entries to recognize the change in the fair value of the call option as of March 31, 2014

August 28, 2019 in /by

DateAccount Titles and Explanation Debit Credit Jan. 2, 2014 (b) Prepare the journal entries to recognize the change in the fair value of the call option as of March 31, 2014. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select “No Entry” for the […]

 

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Stringer Corporation issued 5,000 shares of $2 par value common stock. The issue price was $7.50 per share. The entry to record this transaction includes a: A. debit to Cash for $10,000.

August 28, 2019 in /by

1. (Multiple Choice) Stringer Corporation issued 5,000 shares of $2 par value common stock. The issue price was $7.50 per share. The entry to record this transaction includes a: A. debit to Cash for $10,000. B. debit to Paid-in Capital in Excess of Par for $27,500. C. debit to Common Stock for $10,000. D. credit […]

 

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