FUND ACCOUNTING PRINCIPLES BUNDLE
25th Edition
ISBN: 9781265380311
Author: Wild
Publisher: MCG
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Chapter 21, Problem 20QS
To determine
QS 21-20
Introduction:
Absorption costing is a method to be used for computing product cost which includes all type of direct cost. As far as indirect cost is concerned it is absorbed by all unit produced. It means units of finished goods remains in stock will include variable as well as fixed
Income statement under Absorption costing or say amount remaining after deducting total expenses (Variable as well as Fixed) out of income
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Accounting Cycle Review 15 a-e
Carla Vista Corporation's trial balance at December 31, 2020, is presented below. All 2020 transactions have been
recorded except for the items described below.
Debit
Credit
Cash
Accounts Receivable
Inventory
$27,400
59,000
22,600
Land
62,900
Buildings
96,900
Equipment
42,000
Allowance for Doubtful Accounts
$430
Accumulated Depreciation-Buildings
30,500
Accumulated Depreciation-Equipment
15,000
Accounts Payable
19,300
Interest Payable
-0-
Dividends Payable
Unearned Rent Revenue
-0-
8,800
Bonds Payable (10%)
54,000
Common Stock ($10 par)
34,000
Paid-in Capital in Excess of Par-Common
Stock
6,800
Preferred Stock ($20 par)
-0-
Paid-in Capital in Excess of Par-Preferred
-0-
Stock
Retained Earnings
72,970
Treasury Stock
-0-
Cash Dividends
Sales Revenue
Rent Revenue
Bad Debt Expense
Interest Expense
Cost of Goods Sold
Depreciation Expense
Other Operating Expenses
Salaries and Wages Expense
-0-
576,000
-0-
-0-
-0-
404,000
-0-
39,900
63,100
Total
Unrecorded…
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Chapter 21 Solutions
FUND ACCOUNTING PRINCIPLES BUNDLE
Ch. 21 - Cost behavior identification C1 Listed here are...Ch. 21 - QS 21-2
Cost behavior identification
c1 ...Ch. 21 - QS 21-3 Cost behavior estimation—high-low method...Ch. 21 - Prob. 4QSCh. 21 - Prob. 5QSCh. 21 - Prob. 6QSCh. 21 - Prob. 7QSCh. 21 - Prob. 8QSCh. 21 - Prob. 9QSCh. 21 - Prob. 10QS
Ch. 21 - Prob. 11QSCh. 21 - Prob. 12QSCh. 21 - Prob. 13QSCh. 21 - Prob. 14QSCh. 21 - Prob. 15QSCh. 21 - Prob. 16QSCh. 21 - Prob. 17QSCh. 21 - Prob. 18QSCh. 21 - Prob. 19QSCh. 21 - Prob. 20QSCh. 21 - Prob. 21QSCh. 21 - Prob. 22QSCh. 21 - Prob. 23QSCh. 21 - Prob. 24QSCh. 21 - Prob. 25QSCh. 21 - Prob. 26QSCh. 21 - Prob. 1ECh. 21 - Prob. 2ECh. 21 - Prob. 3ECh. 21 - Prob. 4ECh. 21 - Prob. 5ECh. 21 - Prob. 6ECh. 21 - Prob. 7ECh. 21 - Prob. 8ECh. 21 - Prob. 9ECh. 21 - Prob. 10ECh. 21 - Prob. 11ECh. 21 - Prob. 12ECh. 21 - Prob. 13ECh. 21 - Prob. 14ECh. 21 - Prob. 15ECh. 21 - Prob. 16ECh. 21 - Prob. 17ECh. 21 - Prob. 18ECh. 21 - Prob. 19ECh. 21 - Prob. 20ECh. 21 - Prob. 21ECh. 21 - Prob. 22ECh. 21 - Prob. 23ECh. 21 - Prob. 24ECh. 21 - Prob. 25ECh. 21 - Prob. 26ECh. 21 - Prob. 1PSACh. 21 - Prob. 2PSACh. 21 - Prob. 3PSACh. 21 - Prob. 4PSACh. 21 - Prob. 5PSACh. 21 - Prob. 6PSACh. 21 - Prob. 7PSACh. 21 - Prob. 1PSBCh. 21 - Prob. 2PSBCh. 21 - Prob. 3PSBCh. 21 - Prob. 4PSBCh. 21 - Prob. 5PSBCh. 21 - Prob. 6PSBCh. 21 - Prob. 7PSBCh. 21 - Prob. 21SPCh. 21 - Prob. 1AACh. 21 - Prob. 2AACh. 21 - Prob. 3AACh. 21 - Prob. 1DQCh. 21 - Prob. 2DQCh. 21 - Prob. 3DQCh. 21 - Prob. 4DQCh. 21 - Prob. 5DQCh. 21 - Prob. 6DQCh. 21 - Prob. 7DQCh. 21 - Prob. 8DQCh. 21 - Prob. 9DQCh. 21 - Prob. 10DQCh. 21 - Prob. 11DQCh. 21 - List three methods to measure cost behavior.Ch. 21 - Prob. 13DQCh. 21 - Prob. 14DQCh. 21 - Prob. 15DQCh. 21 - Prob. 16DQCh. 21 - Prob. 17DQCh. 21 - Prob. 18DQCh. 21 - Prob. 19DQCh. 21 - Prob. 20DQCh. 21 - Prob. 21DQCh. 21 - Prob. 22DQCh. 21 - Labor costs of an auto repair mechanic are seldom...Ch. 21 - Prob. 2BTNCh. 21 - Prob. 4BTN
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