Quiz – Flint Hills, Inc.
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Prepare the four adjusting journal entries.
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Prepare the four adjusting journal entries.
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Determine the total raw materials purchased during the month given the beginning and ending inventory balances, raw materials used in production, predetermined overhead rate, direct labor-hour rate, hours of direct labor time expended on jobs, direct materials cost in ending Work in Process inventory, actual manufacturing overhead cost incurred, and applied manufacturing overhead cost. Find the cost of raw materials purchased in May.
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Find the closest unit product cost for the job.
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Given weights and scores for two suppliers… find which supplier should be chosen and what is the score for that vendor.
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Find the closest total manufacturing cost assigned to job.
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Assuming no income taxes, compute the company’s net income (or loss), total current assets, total current liabilities, and total shareholders’ equity.
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Given an annual report to shareholders, they ask you to prepare the income statement for the year-end.
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Given an annual report to shareholders, they ask you to prepare the balance sheet.
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Find the accounts receivable valued in the balance sheet.
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What is the total job cost?
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