Cost Accounting questions and answers in October 2021

Capital gains taxes... Group of answer choices Are taxed annually Losses are fully deductible against all forms of income Are currently taxed at higher rates than other income Might affect the investm...
Which of the following is true? The effective tax rate can be misleading if the market value of the parcel is inaccurate The statutory tax rate can be misleading due to the differences in assessment r...
State governments may restrain local governments in which of the following ways? Exempting certain types of residential property None of the above Determining the tax rate for local governments Limiti...
In a regressive tax system:  The average rate of tax is consistent as income increases The average rate of tax falls as income increases The amount of tax paid increases with income The average rate ...
Which of the following taxes has a regressive rate structure? Recipients of an intergovernmental grant must apply to receive any funds Social security tax Property tax General retail sales tax Income ...
Tax pyramiding occurs:  None of the above When the same tax base is taxed at multiple phases of the production process When a consumer pays the sale tax and the use tax on the same item Under a value...
How is property tax different from other major taxes? The government determines the value of the tax base and the tax rate The government determines the tax rate, but no the tax base The government de...
Which of the following is NOT a way that income taxes distort behavior? Changes in the amount of income they save Changes in the purchases they make Changes in the amount people work Changes in where ...
Calvin Johnson rents an apartment in Detroit from his landlord Miguel Cabrera. Detroit, which has recently experienced significant population declines and has a large number of vacant or unoccupied ho...
Which of the following is one of the purposes of using intergovernmental grants as a finance mechanism within a federalist system? To reduce tax rates in the granting jurisdiction To generate fewer re...
LMVH Corp is in the process of establishing selling prices for two of its products: A bag and B bag, which the company is newly introducing in the market. Both bags will be manufactured at their new f...
Unit: FNSACC412 / Prepare operational budgets   1. List 3 possible causes for budget variances and explain.   2. Are the budget objectives consistent with the organisational aims, projects and forec...
please help me answer the following in good acctg form     problem 2: problem 3   required: compute the increase/decrease in net operating income if the production and sale of the trampoline is con...
pls help me solve the problem in good acctg form required: what price must be set to earn a profit of 8% sales?. Other data: Units produced 2,500 units 10,000 units Units sold 2,500 units 10,000 units...
pls help me answer the problem in good accounting form. Problem 17 (Sell or Process Further; Basic Analysis) SHE, Inc., produces three products (Alpha, Beta, and Gamma) from a common input. The joint ...
Please provide solutions in good accounting form. Thank you!   RMG Corporation has the following information for the current month: Units started 175 000 Units Beginning Work in Process: (65% to be d...
Dexter Company has been approached by a new customer with an offer to purchase 1,400 units of Dexter's product at a price of P3 each. The new customer is graphically separated from Dexter's other cust...
Section A: Argument mapping exercise (20 marks)   Read the following article and answer the questions listed in regard to argument mapping.   Adapt or perish: Australia Post must embrace digital dis...
Looking to calculate the adjusting/eliminating journal entry while consolidating SBW and its subsidiary CDL. SBW owns 90% of shares in CDL that were purchased in 2018.   Preparing consolidated books ...
How would I enter the parent to sub-transaction as a journal entry when I consolidate these books...  I am consolidating the books for Dec 31, 2022. SBW owns 90% of share in CDL;    SBW periodicall...
How would I enter this journal entry for an intercompany (downstream) transaction when I consolidate these books... I am consolidating the books for Dec 31, 2022. SBW owns 90% of share in CDL.   In t...
Playten Ltd is a manufacturer of various pet accessories.  They carry many lines of products that are produced in their main factory in Arthur.   On October 5, 2021 the CFO, Cecily Jones called a m...
How would I enter the parent to sub-transaction as a journal entry when I consolidate these books...    On April 1, 2019, SBW sold to CDL equipment for $8,500,000. The equipment had a net carrying v...
4. Jose Corp makes bottles using the latest automated technology. The company applies FOH cost to products on the basis of machine hours. The following are estimates used to determine the factory over...
JYD Manufacturing Company has two production departments (Fabrication and Assembly) and three services departments (General Factory Administration, Factory Maintenance, and Factory Cafeteria).  A sum...
Charlie Corporation's managers in the stamping department have been studying the overhead cost and the relationship with machine hours. The following are data from the most recent 12 months. Month Ove...
Bambina Corporation, a manufacturer of beauty products has the following partially completed manufacturing cost data for its production. The relevant range of production is 800,000 to 1,200,000 per ye...
The following are the flexible budget of Coco Corporation in different levels of direct labor hours.   Direct labor hours   20,000 | 30,000 | 40,000 Variable Factory Overhead 40,000 | 60,000 | 80,00...
D E F G SmartOrange H 1,000 $ 1,300 K M FancyOrange 1,000 S 900 RoundOrange 1,000 S 950 CheapOrange 1,000 S 800 OrangeOrange 1,000 $ 1,100 Rent is 1,000$ per month. a) What is the cost per kg of orang...
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