Accounting

Explain the importance of planning, control, and decision making as a manager. Use 1-2 examples to stress the importance of each function relating to managerial accounting. As a managerial accountant, discuss how you would apply these methods in a manufacturing firm. Be sure that the paper has no spelling or grammatical errors.

In a 1-2 page paper, please complete the following: Select a public manufacturing company. I CHOSE: COCA COLA Discuss the elements of planning, control, and decision making that are used by that company. If this information is not readily available, assume what these elements might consist of. Summarize the main elements by including at least […]

Much of what was discussed in Chapter 2 had to do with the types of cost assignment — direct tracing of costs, driver tracing of costs, and allocation of costs. Please discuss you understanding of these types as they relate to a manufacturing company. How do you believe the different methods of tracing costs interfaces […]

Review the “Am I Ethical” section in Chapter 9. Formulate your response to the question. Review the author’s solution to the question on page 192. Write a 525- to 700-word paper between that accomplishes the following: Explain the answer to the question of whether or not you should call the hotline to report your concerns […]

On February 1, Manwill Corporation had $24,000 of raw materials on hand. During the month, the Corporation purchased an additional $60,000 of raw materials. During February, $54,000 of raw materials was requisitioned from the storeroom for use in production. What are the total debits entered in the Raw Materials account during the month of February? […]

Qart Corporation uses the FIFO method in its process costing system. Operating data for the Cutting Department for the month of March appear below. According to the company’s records, in beginning work in process inventory was $1,656 at the beginning of March. Additional conversion costs of $129,960 were incurred in the department during the month. […]

Traves Corporation incurred $69,000 of actual Manufacturing Overhead costs during October. During the same period, the Manufacturing Overhead applied to Work in Process was $68,000. The journal entry to record the application of Manufacturing Overhead to Work in Process would include a A. credit to Manufacturing Overhead of $68,000. B. credit to Work in Process […]

Review the main differences between job order and process costing. What variables might a company consider before choosing one of these methods? Give an example of a company that uses job order costing. Give an example of a company that uses process costing.

Give an example of a period cost. How does this differ from a product cost?

I have all of the others correct. The only one I am unsure of is #7 under the “Transactions” title. There is a small dropbox with 4 possible answers. It is NOT “Assets increase and liabilities increase.” or “Assets increase and stockholders’ equity increases.” So it must either be “Assets decrease and stockholders’ equity decreases.” […]