Midterm Exam Accounting 206 2 - 775 Words

Ateneo de Zamboanga University SCHOOL OF MANAGEMENT AND ACCOUNTANCY Accounting 206: Cost Accounting and Cost Management, Part II Midterm Examination Kelvin J. Culajara, BSA, CPA Name: _____________________________________ Date: _______________ Score: __________ Test 1: Comprehensive Problem/Reporting Assume that you are the newly-hired chief cost accountant of Wapayutana Company. As the chief officer, you are tasked to monitor the flow of costs throughout the process, and hence, you are accountable for the cost of production report which is done monthly. On your first day of work, you were summoned by the President of Wapayutana to orient you about the ins and outs of the company. He gave you the following information:†¦show more content†¦Cost (in PhP) Beginning inventory: Materials 50,000 Direct labor 20,000 Factory overhead 20,000 Costs added on the month Materials 500,000 Direct labor 200,000 Factory overhead 200,000 Department 2: Mixing Dec. 1, work in process 20,000 Transferred in 90,000 Dec. 31, work in process 10,000 *Beginning work in process is 3/4 complete, while ending work in process is 1/3 complete Stage of completion in beginning and ending work in process refers to conversion costs. Cost (in PhP) Beginning inventory: Transferred in 211,800 Material A 100,000 Material B 150,000 Direct labor 40,000 Factory overhead 40,000 Costs added on the month Material A 450,000 Material B 675,000 Direct labor 180,000 Factory overhead 180,000 Department 3: Bottling Dec. 1, work in process 15,000 Transferred in 100,000 Dec. 31, work in process 5,000 *Beginning work in process is 2/3 complete while ending work in process is fully complete Stage of completion in beginning and ending work in process refers to conversion costs. Cost (in PhP) Beginning inventory:Show MoreRelatedF14 ADMS 4561 course outline Sept 2 14 1 4742 Words   |  19 PagesPersonal Income in Canada ADMS 4561 course outline for all sections Fall 2014 last updated September 2 2014 1 Contact Information – Course Director Section Day Time Location Course Director Email address Section D Wednesday 4-7 pm HNE 030 Joanne Magee jmagee@yorku.ca Section E Thursday 7-10 pm HNE 035 Margaret Riggin mriggin@vfmy.com Section F Wednesday 7-10pm HNE 032 Joanne Magee jmagee@yorku.ca 2 Course Description Together with AK/ADMS 4562 3.0, introduces students to the principles and practiceRead MoreAdvanced Corporate Finance4303 Words   |  18 PagesDo not hesitate to call me at home. If you cannot reach me, please leave a number so that I can get back to you. Email: butcher@pugetsound.edu Home: 206-285-3990 or 360-779-4706 Required Course Materials: 1. Brigham and Daves, Intermediate Financial Management, 10th Edition, South-Western, Cengage Learning, 2010 2. Cases from Harvard Business School, the University of Virginia Darden School, and the Stanford Graduate School of Business The URL is http://cbRead MoreVarian Solution153645 Words   |  615 PagesWhen the market price is equal to some consumer i’s reservation price, there will be two diï ¬â‚¬erent quantities of apartments demanded, since consumer i will be indiï ¬â‚¬erent between having or not having an apartment.) 2 THE MARKET (Ch. 1) Price 60 50 40 30 20 10 0 1 2 3 4 5 6 7 8 Apartments (b) Suppose the supply of apartments is ï ¬ xed at 5 units. In this case there is a whole range of prices that will be equilibrium prices. What is the highest price that would makeRead More_x000C_Introduction to Statistics and Data Analysis355457 Words   |  1422 Pagesthomsonrights@thomson.com. Printed in the United States of America 1 2 3 4 5 6 7 11 10 09 08 07 ExamView  ® and ExamView Pro  ® are registered trademarks of FSCreations, Inc. Windows is a registered trademark of the Microsoft Corporation used herein under license. Macintosh and Power Macintosh are registered trademarks of Apple Computer, Inc. Used herein under license. Library of Congress Control Number: 2006933904 Student Edition: ISBN-13: 978-0-495-11873-2 ISBN-10: 0-495-11873-7 ââ€"   To my nephews, JesseRead MoreFundamentals of Hrm263904 Words   |  1056 Pagesresources, WileyPLUS gives you everything you need to personalize the teaching and learning experience.  » F i n d o u t h ow t o M A K E I T YO U R S  » www.wileyplus.com ALL THE HELP, RESOURCES, AND PERSONAL SUPPORT YOU AND YOUR STUDENTS NEED! 2-Minute Tutorials and all of the resources you your students need to get started www.wileyplus.com/firstday Student support from an experienced student user Ask your local representative for details! Collaborate with your colleagues, find a mentor