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BUS 475 Final Exam 4




BUS 475 Final Exam 4;1) A well-designed activity-based costing system starts with __________.;2) ?Generally accepted? in the phrase generally accepted accounting principles means that the principles __________.;3) The income statement and balance sheet columns of Pine Company?s worksheet reflects the following totals;Income Statement Balance Sheet;Dr. Cr. Dr. Cr.;Totals $58,000 $48,000 $34,000 $44,000;The net income (or loss) for the period is __________.;4) These are selected account balances on December 31, 2008.;Land (location of the corporation?s office building) $150,000;Land (held for future use) 225,000;Corporate Office Building 900,000;Inventory 300,000;Equipment 675,000;Office Furniture 150,000;Accumulated Depreciation 450,000;What is the net amount of property, plant, and equipment that will appear on the balance sheet?;5) The first step in activity-based costing is to __________.;6) Hess, Inc. sells a single product with a contribution margin of $12 per unit and fixed costs of $74,400 and sales for the current year of $100,000. How much is Hess?s break even point?;7)


Paper#22704 | Written in 18-Jul-2015

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