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  108.Explain the differences between the direct and the indirect methods of preparing the operating activities section of the statement of cash flows.          109.List some examples of transactions or activities within a company that must be disclosed in the Statement of Cash Flows.          110.The statement of cash flows is often said to complement the income statement and the balance sheet. Explain the significance of this comparison.             

    21.The cost of goods sold will often differ from the cost of goods manufactured because of changes in the level of finished goods.          22.Immediately before it is closed, the balance of the Manufacturing Summary account represents the cost of goods manufactured.          23.The balance of the Manufacturing Summary account is closed into the Income Summary account.          24.If there are no errors, the amount needed to balance the Cost of Goods Manufactured columns of a worksheet will also be the amount required to balance the Balance Sheet columns.          […]

68) Joe's Bottling Company provided the following expense information for July: Assembly-line workers' wages $ 56,000 Depreciation on factory equipment $ 35,000 Caps for bottles $ 3,000 Plastic bottles $ 52,000 Reconfiguring the assembly line $123,000 Salaries of salespeople $ 63,000 Customer support hotline $ 12,000 Salaries of research scientists $ 65,000 Delivery expenses $ 40,000 Customer toll-free order line $ 8,000 What is the total cost for the design category of the value chain? A) $244,000 B) $186,000 C) $179,000 D) $123,000 69) Joe's Bottling Company provided the following expense information for July: Assembly-line workers' wages $ 56,000 Depreciation […]

68) Joe's Bottling Company provided the following expense information for July: Assembly-line workers' wages $ 56,000 Depreciation on factory equipment $ 35,000 Caps for bottles $ 3,000 Plastic bottles $ 52,000 Reconfiguring the assembly line $123,000 Salaries of salespeople $ 63,000 Customer support hotline $ 12,000 Salaries of research scientists $ 65,000 Delivery expenses $ 40,000 Customer toll-free order line $ 8,000 What is the total cost for the design category of the value chain? A) $244,000 B) $186,000 C) $179,000 D) $123,000 69) Joe's Bottling Company provided the following expense information for July: Assembly-line workers' wages $ 56,000 Depreciation […]

121) Perry Moldings has the following estimated costs for the upcoming year: Direct labor costs $ 62,000 Direct materials used $ 25,000 Salary of factory supervisor $ 39,000 Sales commissions $ 8,000 Heating and lighting costs for factory $ 22,000 Depreciation on factory equipment $ 5,000 Advertising expense $ 33,000 The company estimates that 1,200 direct labor hours will be worked in the upcoming year, while 2,000 machine hours will be used during the year. The predetermined manufacturing overhead rate per direct labor hour is closest to A) $162. B) $55. C) $50. D) $89. 122) To follow is selected […]