MANAGERIAL ACCT W/CONNECT >IC<
15th Edition
ISBN: 9781259405303
Author: Garrison
Publisher: MCG
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Question
Chapter 12, Problem 1AE
To determine
Decision on sales at split off point or after further processing be made describes the factors to be taken in to consideration for taking the decision on selling the product at split-off point or selling it of after further processing. This is based on incremental revenue generated or incremental cost incurred on further processing.
To discuss: The decision on sales at split of point or after further processing shall be done.
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Martin Hughes earns net self-employment income of $157,100. He works a second job from which he receives FICA taxable earnings of $127,600.Self-Employment tax =
Question 2
U. Richards does not keep his books on the double entry system. His bank summary
amount for 2010 is as follows:
Balance 1.1.2010
1890
Receipts from
$44656
debtors
Creditors
Loan from U. Miller
$2.000
Rates
Rent
Drawings
Cash withdrawn from
bank
$540
0
Payment to Trade
$316
95
2750
1316
3095
1642
Sundry Expense
Records of cash paid were sundry $122, trade creditors $642. Cash sales amounted to
cash drawings were $5289.
The following information is also available:
31.12.201
31.12.2
0
011
Cash in hand
$48
$93
Trade creditors
$4896
$5091
Accounts Receivables
60
$71
13
32
Rent Owing
$250
Rates in Advance
$282
$312
Motor van (at valuation)
2800
2400
Stock
11163
13021
Required:
A. Statement of Affairs. (to find opening capital as at 31.12.2010)
B. Cash Account & Bank Account.
C. Accounts Receivables & Accounts Payables Control A/Cs.
D. Income Statement for the year ended 31 December 2011.
2: Martin Hughes earns net self-employment income of $157,100. He works a second job from which he receives FICA taxable earnings of $127,600.
Self-Employment tax = $ 6,440.70
3: Elisa Grant earns net self-employment income of $198,000. She works a second job from which she receives FICA taxable earnings of $100,400.
Self-Employment tax = $ 30,294.00
Chapter 12 Solutions
MANAGERIAL ACCT W/CONNECT >IC<
Ch. 12 - Prob. 1QCh. 12 - Prob. 2QCh. 12 - Prob. 3QCh. 12 - Prob. 4QCh. 12 - “Variable costs and differential costs mean the...Ch. 12 - 12-6 "All future costs are relevant in decision...Ch. 12 - Prentice Company is considering dropping one of...Ch. 12 - Prob. 8QCh. 12 - 12-9 What is the danger in allocating common fixed...Ch. 12 - 12-10 How does opportunity cost enter into a make...
Ch. 12 - 12-11 Give at least four examples of possible...Ch. 12 - 12-12 How will relating product contribution...Ch. 12 - Define the following terms: joint products, joint...Ch. 12 - 12-14 From a decision-making point of view, should...Ch. 12 - What guideline should be used in determining...Ch. 12 - Prob. 16QCh. 12 - Prob. 1AECh. 12 - Prob. 2AECh. 12 - Cane Company manufactures two products called...Ch. 12 - (
Alpha Beta
$30
$...Ch. 12 - Prob. 3F15Ch. 12 - Prob. 4F15Ch. 12 - Prob. 5F15Ch. 12 - (
Alpha Beta
$30
$...Ch. 12 - Prob. 7F15Ch. 12 -
Cane Company manufactures two products called...Ch. 12 - Prob. 9F15Ch. 12 - (
Alpha Beta
$30
$...Ch. 12 - Prob. 11F15Ch. 12 - Prob. 12F15Ch. 12 - (
Alpha ...Ch. 12 - (
Alpha Beta
$30
$...Ch. 12 - (
Alpha Beta
$30
$...Ch. 12 -
EXERCISE 12-1 Identifying Relevant Costs...Ch. 12 -
EXERCISE 12-2 Dropping or Retaining a Segment...Ch. 12 -
EXERCISE 12-3 Make or Buy Decision LO12-3
Troy...Ch. 12 -
EXERCISE 12-4 Special Order Decision...Ch. 12 -
EXERCISE 12-5 Volume Trade-Off Decisions...Ch. 12 - Prob. 6ECh. 12 - Prob. 7ECh. 12 - Prob. 8ECh. 12 - (
$5.10
$3.80
$1.00
$4.20
$1.50
$2.40
)
EXERCISE...Ch. 12 - Prob. 10ECh. 12 - (
$3.60
10.00
2.40
9.00
$25.00
)
EXERCISE 12-11...Ch. 12 - Prob. 12ECh. 12 - EXERCISE 12-13 Sell or Process Further Decision...Ch. 12 - en
r
Ch. 12 - Prob. 15ECh. 12 - (
$150
31
20
29
3
24
15
$272
$34
)
EXERCISE...Ch. 12 - Prob. 17ECh. 12 - Prob. 18PCh. 12 - PROBLEM 12-19 Dropping or Retaining a Segment...Ch. 12 -
PROBLEM 12-20 Sell or Process Further Decision...Ch. 12 - Prob. 21PCh. 12 - PROBLEM 12-22 Special Order Decisions LO12-4...Ch. 12 -
PROBLEM 12-23 Make or Buy Decision LO12-3
Silven...Ch. 12 - Prob. 24PCh. 12 - Prob. 25PCh. 12 - Prob. 26PCh. 12 - Prob. 27PCh. 12 - Prob. 28PCh. 12 - CASE 12-29 Sell or Process Further Decision LO12-7...Ch. 12 -
CASE 12-30 Ethics and the Manager; Shut Dora or...Ch. 12 - CASE 12-31 Integrative Case: Relevant Costs;...Ch. 12 -
CASE 12-32 Make or Buy Decisions; Volume...Ch. 12 - Prob. 33C
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