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Variable Costing Case Assignment

Managerial accounting emphasizes short-term profit analysis, so the income statement is very important. Consequently, we’ll examine and discuss income statements in this first case. The assignment for this module is divided into two parts:

Part I:

ACC421 Final Exam (Updated on 2 September 2014)

  1) An accrued expense can best be described as an amount 

 

A.   not paid and currently matched with earnings.

 

B.   not paid and not currently matched with earnings.

 

C.   paid and currently matched with earnings.

 

D.   paid and not currently matched with earnings.

 

 

 

2) When an item of revenue is collected and recorded in advance, it is normally called a(n) ___________ revenue. 

 

A.   cash

 

Costing P5

1,000 words; may include some calculations embedded from Excel

 

Develop a company and determine what it will produce and sell. The requirement for this company is that it be a high-end, special-order type of manufactured product. Complete the following in a Word document of 1,000 words:

Costing P4

1,000 words; may include some calculations embedded from Excel

 

Develop a company and determine what it will produce and sell. The requirement for this company is that it be a high-end, special-order type of manufactured product. Complete the following in a Word document of 1,000 words:

Costing

500 Words

 

  • Discuss what absorption, variables, and throughput costing are.
  • Determine when each would be used.
  • Provide an explanation and example of all three.

Accounting 10

As the representative from your accounting firm or practice, you are in charge of stock market analysis that will be presented to clients as part of professional consultation process. One of your high-profile clients is trying to determine the possible investment potential between two companies.

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