Archives: Solution Manual
978-0078025587 Chapter 19 Solution Manual Part 1
Chapter 19 Job Order Cost Accounting QUESTIONS 1. Factory overhead is not identified with specific units (jobs) or batches (job lots). Therefore, to assign costs, estimates of the relation between factory overhead cost and job or job lot are necessary. […]
978-0078025587 Chapter 19 Lecture Note
19-1 CHAPTER 19 JOB ORDER COST ACCOUNTING © 2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, […]
978-0078025587 Chapter 19 Excel
Student Name: Class: 1,500,000 «- Correct! 2,500,000 «- Correct! 60% «- Correct! b. Overhead costs charged to jobs: Direct Applied Labor Overhead 604,000$ 362,400$ «- Correct! 563,000 337,800 «- Correct! 298,000 178,800 «- Correct! 716,000 429,600 «- Correct! 314,000 188,400 […]
978-0078025587 Chapter 18 Solution Manual Part 4
Fundamental Accounting Principles, 21st Edition 1066 SERIAL PROBLEM — SP 18 Serial Problem, Success Systems (50 minutes) 1. Cost by Behavior . Cost by Traceability . Product Costs Variable Fixed Direct Indirect 1. Monthly flat fee to clean workshop …….. […]
978-0078025587 Chapter 18 Solution Manual Part 3
PROBLEM SET B Problem 18-1B (20 minutes) The managerial accounting professional must do more than assign value to ending inventory and cost of goods sold. S/he must understand the industry and the current business environment of the company. The managerial […]
978-0078025587 Chapter 18 Solution Manual Part 2
Fundamental Accounting Principles, 21st Edition 1040 Exercise 18-11 (25 minutes) Account Balance Sheet Income Statement Manufacturing Statement Overhead Report Accounts receivable ………………………. ✓ Computer supplies used in office ……. ✓ Beginning finished goods inventory ✓ Beginning goods in process inventory […]
978-0078025587 Chapter 18 Solution Manual Part 1
Chapter 18 Managerial Accounting Concepts and Principles QUESTIONS 1. The managerial accountant plays an important role in preparing the information necessary for effective planning and control decisions. One example is the budget, which is a quantitative expression of a company’s […]
978-0078025587 Chapter 18 Lecture Note
18-1 CHAPTER 18 MANAGERIAL ACCOUNTING CONCEPTS AND PRINCIPLES © 2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, […]
978-0078025587 Chapter 18 Excel
Student Name: Class: Merchandising Business 200,000$ 300,000 500,000 175,000 325,000$ Correct! Manufacturing Business Partial Income Statement SNO-BOARD MANUFACTURING 500,000$ 875,000 1,375,000 225,000 1,150,000$ Correct! Part 2 To: Memorandum From: Date: Subject: Problem 18-06A McGraw-Hill/Irwin Instructor For Year Ended December 31, […]
978-0078025587 Chapter 17 Solution Manual Part 4
SERIAL PROBLEM — SP 17 Serial Problem — SP 17, Success Systems (45 minutes) 1. Gross margin with services revenue Gross margin = Total revenue – Cost of goods sold = $43,853 – $14,052 = $29,801 Gross margin ratio = […]
978-0078025587 Chapter 17 Solution Manual Part 3
Problem 17-2B (120 minutes) Part 1 TRIPOLY COMPANY Income Statement Trends For Years Ended December 31, 2014-2008 2014 2013 2012 2011 2010 2009 2008 Sales ………………………………. 65.1% 70.9% 73.3% 79.1% 86.0% 89.5% 100.0% Cost of goods sold ………….. 72.6 76.3 […]
978-0078025587 Chapter 17 Solution Manual Part 2
Fundamental Accounting Principles, 21st Edition 992 Exercise 17-14 (15 minutes) RANDA MERCHANDISING, INC. Income Statement For Year Ended December 31, 2013 Net sales ……………………………………………………………….. $2,900,000 Expenses Cost of goods sold ……………………………………………… $1,480,000 Salaries expense ………………………………………………… 640,000 Depreciation expense …………………………………………. 232,500 […]
978-0078025587 Chapter 17 Solution Manual Part 1
Chapter 17 Analysis of Financial Statements QUESTIONS 1. Financial reporting includes the entire process of preparing and issuing financial information about a company. Financial statements are an important part of financial reporting but they are less than the whole. 2. […]
978-0078025587 Chapter 17 Lecture Note
17–1 CHAPTER 17 ANALYSIS OF FINANCIAL STATEMENTS © 2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, […]
978-0078025587 Chapter 17 Excel
Student Name: Class: Assets Liabilities Ratio 52,390$ 22,800$ 2.3 «- Correct! 37,924 19,960 1.9 «- Correct! 51,748 20,300 2.5 «- Correct! 2014 2013 2012 100.00% 100.00% 100.00% 51.08% 62.50% 55.36% 48.92% 37.50% 44.64% 18.54% 13.80% 18.27% 9.13% 8.80% 8.20% 27.67% […]
978-0078025587 Chapter 16 Solution Manual Part 4
Fundamental Accounting Principles, 21st Edition 964 Problem 16-7B (35 minutes) SALT LAKE COMPANY Cash Flows from Operating Activities—Indirect Method For Year Ended December 31, 2013 Cash flows from operating activities Net income ………………………………………………………………….… $ 20,000 Adjustments to reconcile net income […]
978-0078025587 Chapter 16 Solution Manual Part 3
Problem 16-5AA (Concluded) GOLDEN CORPORATION Statement of Cash Flows For Year Ended December 31, 2013 Cash flows from operating activities Net income ……………………………………………………………………….. $136,000 Adjustments to reconcile net income to net cash provided by operating activities Increase in accounts receivable […]
978-0078025587 Chapter 16 Solution Manual Part 2
Fundamental Accounting Principles, 21st Edition 936 Exercise 16-10 (Part 1 continued) (1) Cost of equipment sold (Given) ………………………………………………………..… $ 48,600 Accumulated depreciation of equipment sold* …………………………………..… (40,600) Book value of equipment sold ………………………………………………………….… 8,000 Gain on sale of equipment (Given) […]
978-0078025587 Chapter 16 Solution Manual Part 1
Chapter 16 Reporting the Statement of Cash Flows QUESTIONS 1. The purpose of the cash flow statement is to report all major cash receipts (inflows) and cash payments (outflows) during a period. It helps users to answer questions such as: […]
978-0078025587 Chapter 16 Lecture Note Part 2
16–10 VISUAL #16-1 CLASSIFYING ACTIVITIES IN THE STATEMENT OF CASH FLOWS OPERATING ACTIVITIES Cash inflows from Cash outflows to • Customers for cash sales • Collections on credit sales • Borrowers for interest • Dividends received • Lawsuit settlements • […]
978-0078025587 Chapter 16 Lecture Note Part 1
16-1 CHAPTER 16 REPORTING THE STATEMENT OF CASH FLOWS Related Assignment Materials Student Learning Objectives Questions Quick Studies* Exercises* Problems* Beyond the Numbers Conceptual objectives: C1. Explain the purpose and importance of cash flow information. 1 16-1, 16-2, 16-18 16-1 […]
978-0078025587 Chapter 16 Excel
Student Name: Class: 136,000$ (12,000) (75,000) 16,000 3,000 54,000 122,000$ «- Correct! (36,000) «- Correct! 60,000 (89,000) (29,000) «- Correct! 57,000$ «- Correct! 107,000 «- Correct! 164,000$ «- Correct! Net cash provided by operating activities Cash flows from investing activities: […]
978-0078025587 Chapter 15 Solution Manual Part 4
©2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or […]
978-0078025587 Chapter 15 Solution Manual Part 3
Problem 15-6AA (60 minutes) Part 1 2013 Apr. 8 Cash …………………………………………………………..…………………. 5,938 Sales …………………………………………………….… 5,938 July 21 Accounts Receivable⎯Sumito …………………….……. 14,100 Sales …………………………………………………….… 14,100 (1,500,000 yen x $0.0094/yen) Oct. 14 Accounts Receivable⎯Smithers ………………………….. 27,675 Sales …………………………………………………….… 27,675 (19,000£ x $1.4566/£) […]
978-0078025587 Chapter 15 Solution Manual Part 2
Fundamental Accounting Principles, 21st Edition 880 Exercise 15-14 (15 minutes) 2013 return on total assets 2014 return on total assets = 14.0% = 10.9% $38,400 $60,300 Regae Industries appears to be less efficient in the use of its total assets […]
978-0078025587 Chapter 15 Solution Manual Part 1
©2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or […]
978-0078025587 Chapter 15 Lecture Note
15-1 INTERNATIONAL OPERATIONS Related Assignment Materials Student Learning Objectives Questions Quick Studies* Exercises* Problems* Beyond the Numbers Conceptual objectives: C1. Distinguish between debt and equity securities and between long-term investments and short-term investments. 1, 2, 5 15-5, 15-6 15-4, 15-12 […]
978-0078025587 Chapter 14 Solution Manual Part 5
Fundamental Accounting Principles, 21st Edition 854 Problem 14-10B (30 minutes) Part 1 Atlas Company Debt–to-equity ratio = $81,000 / $99,000 = 0.82 Bryan Company Debt–to-equity ratio = $562,500 / $187,500 = 3.00 Part 2 Bryan’s debt–to-equity ratio is much higher […]
978-0078025587 Chapter 14 Solution Manual Part 4
Fundamental Accounting Principles, 21st Edition 842 Problem 14-3B (Concluded) Part 4 Semiannual Period-End Unamortized Premium Carrying Value 1/01/2013 ………….…….. $792,932 $4,192,932 6/30/2013 ………….…….. 753,285 4,153,285 12/31/2013 ………….…….. 713,638 4,113,638 6/30/2014 ………….…….. 673,991 4,073,991 12/31/2014 ………….…….. 634,344 4,034,344 Part 5 2013 […]
978-0078025587 Chapter 14 Solution Manual Part 3
Problem 14-5AB (45 minutes) Part 1 Ten payments of $8,125* ……………….…….. $ 81,250 Par value at maturity ……………………..…… 250,000 Total repaid ………………………………………….. 331,250 Less amount borrowed ………………….…….. (255,333) Total bond interest expense …………..…….. $ 75,917 *$250,000 x 0.065 x ½ […]
978-0078025587 Chapter 14 Solution Manual Part 2
©2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or […]
978-0078025587 Chapter 14 Solution Manual Part 1
Chapter 14 Long-Term Liabilities QUESTIONS 1. Notes payable generally involve borrowing from a single creditor, whereas bonds payable are usually sold to many different lenders (bondholders). 2. A bond is a liability of the issuing company. A share of stock […]
978-0078025587 Chapter 14 Lecture Note Part 2
14–10 Chapter Outline Notes 3. Present value of an annuity of $1 table is used to compute present value of a series of equal payments (annuity). C. Applying a Present Value Table (Complete tables in Appendix B) 1. Determine the […]
978-0078025587 Chapter 14 Lecture Note Part 1
14-1 Chapter 14 Long-Term Liabilities Student Learning Objectives and Related Assignment Materials* Student Learning Objectives Discussion Questions Quick Studies Exercises Problems Beyond the Numbers Conceptual objectives: C1. Explain the types and payment patterns of notes. 1, 12 14-8 14-14 14-9 […]
978-0078025587 Chapter 14 Excel
Student Name: Class: Part 1. Date Account Titles Debit Credit 2013 Jan 1 3,456,448 543,552 «- Correct! 4,000,000 Part 2. 120,000$ «- Correct! 18,118 «- Correct! 138,118 «- Correct! Part 3. 3,600,000$ 4,000,000 7,600,000$ (3,456,448) 4,143,552$ «- Correct! 3,600,000$ 543,552 […]
978-0078025587 Chapter 13 Solution Manual Part 3
Problem 13-2B (Concluded) Part 2 BALTHUS CORP. Statement of Retained Earnings For Year Ended December 31, 2014 Retained earnings, December 31, 2013 ………………………. $2,160,000 Plus net income ………………………………………………………… 1,072,000 3,232,000 Less: Cash dividends declared …………………………………. (740,000) Treasury stock reissuances …………………………….. […]
978-0078025587 Chapter 13 Solution Manual Part 2
Exercise 13-10 (25 minutes) 1. (a) Oct. 11 Treasury Stock (5,000 x $25) ………………………….. 125,000 Cash ……………………………………………………………….. 125,000 Purchased treasury stock. (b) Nov. 1 Cash (1,000 x $31) ………………………………………….…….. 31,000 Treasury Stock (1,000 x $25) ……………………..…… 25,000 Paid-In Capital, Treasury […]
978-0078025587 Chapter 13 Solution Manual Part 1
Chapter 13 Accounting for Corporations QUESTIONS 1. Organization expenses (costs) are incurred in creating a corporation. Examples include: legal fees, promoter fees, accountant fees, costs of printing stock certificates, and fees paid to obtain a state charter. 2. Organization expenses […]
978-0078025587 Chapter 13 Lecture Note Part 2
13–10 Chapter Outline Notes B. Reissuing Treasury Stock 1. Sale at cost—Treasury stock is reduced (credited) for the cost of the reissued shares and Cash is debited for the amount received. 2. Sale above cost—the amount received in excess of […]
978-0078025587 Chapter 13 Lecture Note Part 1
13-1 CHAPTER 13 ACCOUNTING FOR CORPORATIONS Related Assignment Materials Student Learning Objectives Questions Quick Studies* Exercises* Problems* Beyond the Numbers Conceptual objectives: C1. Identify characteristics of corporations and their organization. 1, 2, 3, 4 13-1 13-1 C2. Explain characteristics of, […]
978-0078025587 Chapter 12 Solution Manual Part 3
Problem 12-4B (50 minutes) Part 1 a) Apr. 30 Gibbs, Capital ………………………………………………….. 606,000 Brady, Capital …………………………………………….. 606,000 To record admission of Brady. b) Apr. 30 Gibbs, Capital ………………………………………………….. 606,000 Cannon, Capital…………………………………………… 606,000 To record admission of Cannon. c) Apr. 30 […]
978-0078025587 Chapter 12 Solution Manual Part 2
PROBLEM SET A Problem 12-1A (50 minutes) 1. Dec. 31 Income Summary …………………………………………..… 249,000 Kara Ries, Capital …………………………………….… 83,000 Tammy Bax, Capital …………………………………… 83,000 Joe Thomas, Capital …………………………………… 83,000 To close Income Summary. 2. Dec. 31 Income Summary …………………………………………..… 249,000 […]
978-0078025587 Chapter 12 Solution Manual Part 1
Chapter 12 Accounting for Partnerships QUESTIONS 1. Under the circumstances described, the death, bankruptcy, or legal inability of a partner to execute a contract ends a partnership. In addition, if a partnership is organized for the purpose of completing a […]
978-0078025587 Chapter 12 Lecture Note
12-1 CHAPTER 12 ACCOUNTING FOR PARTNERSHIPS © 2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or […]
978-0078025587 Chapter 12 Excel
Student Name: Class: Plans a and c 40% «- Correct! 60% «- Correct! Plan b 33.33% «- Correct! 66.67% «- Correct! Plans c and d 72,000$ «- Correct! Plan d 4,200$ «- Correct! 6,300 «- Correct! Income (Loss) Year 1 […]
978-0078025587 Chapter 11 Lecture Note
11–1 CHAPTER 11 CURRENT LIABILITIES AND PAYROLL ACCOUNTING © 2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, […]
978-0078025587 Chapter 11 Excel
Student Name: Class: National Fargo Locust Bank Bank 1. May 19 Jul 8 Nov 28 90 120 60 Aug 17 Nov 5 Jan 27 Correct! Correct! Correct! $35,000 $80,000 $42,000 10% 9% 8% 90/360 120/360 60/360 2. Interest due at […]
978-0078025587 Chapter 10 Solution Manual Part 3
©2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or […]
978-0078025587 Chapter 10 Solution Manual Part 2
Exercise 10-19 (10 minutes) Jan. 1 Copyright ………………………………………………………. 418,000 Cash…………………………..……………………………..……. 418,000 To record purchase of copyright. Dec. 31 Amortization Expense—Copyright ………………………. 41,800 Accumulated Amortization—Copyright ……………. 41,800 To record amortization of copyright [$418,000 / 10 years]. Exercise 10-20 (10 minutes) 1. […]
978-0078025587 Chapter 10 Solution Manual Part 1
Chapter 10 Plant Assets, Natural Resources, and Intangibles QUESTIONS 1. A plant asset is tangible; it is used in the production or sale of other assets or services; and it has a useful life longer than one accounting period. 2. […]