Chapter 002, Managerial Accounting and Cost Concepts

| October 3, 2018

143. Standford Corporation has provided the following data for the
month of February:
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Required:

a.
Prepare a Schedule of Cost
of Goods Manufactured in good form for February.

b.
Prepare an Income Statement
in good form for February.

144. In October, Ringler
Corporation had sales of $273,000, selling expenses of $26,000, and
administrative expenses of $47,000. The cost of goods manufactured was
$183,000. The beginning balance in the finished goods inventory account was
$45,000 and the ending balance was $34,000.

Required:

Prepare an Income Statement in good form for October.

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Chapter 002, Managerial Accounting and Cost Concepts

145. In July, Neidich Inc.,
a merchandising company, had sales of $295,000, selling expenses of $24,000,
and administrative expenses of $29,000. The cost of merchandise purchased
during the month was $215,000. The beginning balance in the merchandise
inventory account was $25,000 and the ending balance was $30,000.

Required:

Prepare an Income Statement in good form for July.

146. Dinius Corporation has provided the following data for the
month of December:
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Required:

Prepare a Schedule of Cost of Goods Manufactured for December.

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Chapter 002, Managerial Accounting and Cost Concepts

147. A number of costs and measures of activity are listed below.
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Required:

For each item above,
indicate whether the cost is MAINLY fixed or variable with respect to the
possible measure of activity listed next to it.

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Chapter 002, Managerial Accounting and Cost Concepts

148. A number of costs and measures of activity are listed below.
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Required:

For each item above,
indicate whether the cost is MAINLY fixed or variable with respect to the
possible measure of activity listed next to it.

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Chapter 002, Managerial Accounting and Cost Concepts

149. A number of costs are listed below.
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Required:

For each item above,
indicate whether the cost is direct or indirect with respect to the cost object
listed next to it.

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