Название предмета /Fan

B U T ( 2021 )년도/год/yil ( 2 )학기/семестр/semester ( 기말 )고사/зкзамен/imtihoni

과목명/Название предмета /Fan nomi		학년 Курс Kurs	주/야 Днев / Вечер Bo’lim Kunduzgi / Kechki	반 Группа Guruh	학과명 Название факультета Fakultet nomi	학번/ Студентческий номер / Talaba raqami
Managerial Accounting						201803014
교수명/Профессор имя/Professor I.SH		3	Kunduzgi	B	Korean Management	학생명 / Имя студента / Talabaning I.SH
Shuhrat Abdusalomov						Normurodova Xurshida
점수/ Оценка/Baho
SECTION A: Answer all FOUR questions Question 1. Preparing Income Statement (30 Marks)

Question 7. Circle correct answer only (5 Marks) Manufacturing Overhead is Underapplied if? a. actual overhead is less than applied actual overhead is greater than applied the predetermined rate is equal to actual rate actual overheads equal to applied overhead. Question 8. Circle correct answer only (5 Marks) Largo Company has unit costs of $10 for materials and $30 for conversion costs. If there are 2,500 units in ending work in process, 40% complete as to conversion costs and fully complete as to materials cost, the total cost assignable to the ending work in process inventory is: a. $25,000. $45,000. $61,000. $55,000. Question 9. Indicate whether the following statements are TRUE or FALSE. (5 Marks) An ABC system is similar to traditional costing systems in accounting for manufacturing costs but differs in regard to period costs. Question 10. Circle correct answer only. (5 Marks) The Mixing Department’s output during the period consists of 20,000 units completed and transferred out, and 5,000 units in ending work in process 60% complete as to materials and conversions costs. Beginning inventory is 1,000 units, 40% complete as to materials and conversion costs. The equivalent units of production are: $24,000. $23,800. $18,900. $23,000.

QUESTION 1 SOLUTION
Answer:
A) Traditional Income Statement