Acct 2302 Study guides, Class notes & Summaries
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ACCT 2302 Ch 13 Analysis of Financial Statements Homework
- Exam (elaborations) • 23 pages • 2023
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1. Selected comparative financial statements of Haroun Company follow. 
HAROUN COMPANY 
Comparative Income Statements 
For Years Ended December 31, 2019–2013 
($ thousands) 
Sales $2,839 $2,487 $2,263 $2,074 $1,935 $1,800 $1,475 
Cost of goods sold 2,042 1,661 1,429 1,251 1,162 1,087 866 
Gross profit 713 609 
Operating expenses 275 229 
Net income $ 189 $ 350 $ 398 $ 501 $ 494 $ 438 $ 380 
HAROUN COMPANY 
Comparative Balance Sheets 
December 31, 2019–2013 
($ thousands) 
Assets 
Cash ...
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ACCT 2302 Ch 13 Analysis of Financial Statements Homework
- Exam (elaborations) • 23 pages • 2023
- Available in package deal
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- $10.49
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1. Selected comparative financial statements of Haroun Company follow. 
HAROUN COMPANY 
Comparative Income Statements 
For Years Ended December 31, 2019–2013 
($ thousands) 
Sales $2,839 $2,487 $2,263 $2,074 $1,935 $1,800 $1,475 
Cost of goods sold 2,042 1,661 1,429 1,251 1,162 1,087 866 
Gross profit 713 609 
Operating expenses 275 229 
Net income $ 189 $ 350 $ 398 $ 501 $ 494 $ 438 $ 380 
HAROUN COMPANY 
Comparative Balance Sheets 
December 31, 2019–2013 
($ thousands) 
Assets 
Cash ...
-
ACCT 2302 Ch 13 Analysis of Financial Statements Homework
- Exam (elaborations) • 23 pages • 2023
-
- $10.49
- + learn more
1. Selected comparative financial statements of Haroun Company follow. 
HAROUN COMPANY 
Comparative Income Statements 
For Years Ended December 31, 2019–2013 
($ thousands) 
Sales $2,839 $2,487 $2,263 $2,074 $1,935 $1,800 $1,475 
Cost of goods sold 2,042 1,661 1,429 1,251 1,162 1,087 866 
Gross profit 713 609 
Operating expenses 275 229 
Net income $ 189 $ 350 $ 398 $ 501 $ 494 $ 438 $ 380 
HAROUN COMPANY 
Comparative Balance Sheets 
December 31, 2019–2013 
($ thousands) 
Assets 
Cash ...
-
ACCT 2302 Ch 23 Relevant Costing for Managerial Decisions Homework.
- Exam (elaborations) • 14 pages • 2023
- Available in package deal
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Ch 23: Relevant Costing for Managerial Decisions Homework 1 
1. Gilberto Company currently manufactures 68,000 units per year of one of its crucial 
parts. Variable costs are $2.10 per unit, fixed costs related to making this part are 
$78,000 per year, and allocated fixed costs are $65,000 per year. Allocated fixed costs 
are unavoidable whether the company makes or buys the part. Gilberto is considering 
buying the part from a supplier for a quoted price of $3.35 per unit guaranteed for a 
thr...
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ACCT 2302 Ch 23 Relevant Costing for Managerial Decisions Homework
- Exam (elaborations) • 14 pages • 2023
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- $10.49
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Ch 23: Relevant Costing for Managerial Decisions Homework 1 
1. Gilberto Company currently manufactures 68,000 units per year of one of its crucial 
parts. Variable costs are $2.10 per unit, fixed costs related to making this part are 
$78,000 per year, and allocated fixed costs are $65,000 per year. Allocated fixed costs 
are unavoidable whether the company makes or buys the part. Gilberto is considering 
buying the part from a supplier for a quoted price of $3.35 per unit guaranteed for a 
thr...
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ACCT 2302 Ch 14 Managerial Accounting Concepts and Principles Homework.
- Exam (elaborations) • 8 pages • 2023
- Available in package deal
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Ch 14 Managerial Accounting Concepts and Principles Homework 1 
1. Listed here are product costs for the production of soccer balls. 
Identify each cost (a) as either fixed or variable and (b) as either direct or indirect by selecting 
the appropriate dropdowns. 
2. Listed below are costs of providing an airline service. 
Classify each cost as (a) either variable or fixed, and (b) either direct or indirect by 
selecting the appropriate dropdowns. Consider the cost object to be a flight. Flight 
...
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ACCT 2302 Ch 14 Managerial Accounting Concepts and Principles Smartbook.
- Exam (elaborations) • 7 pages • 2023
- Available in package deal
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Ch 14 Managerial Accounting Concepts and Principles Smartbook 1 
1. The main purpose of both financial and managerial accounting is similar in that both aim 
to provide relevant information to its users. 
True 
2. Managerial accounting has which of the following characteristics? 
Emphasis on projects, processes, and divisions 
Monetary and nonmonetary information 
Internal users 
3. Managerial accounting is different from financial accounting in that: 
managerial accounting is used in planning a...
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ACCT 2302 Ch 14 Managerial Accounting Concepts and Principles Homework.
- Exam (elaborations) • 8 pages • 2023
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- $9.49
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Ch 14 Managerial Accounting Concepts and Principles Homework 1 
1. Listed here are product costs for the production of soccer balls. 
Identify each cost (a) as either fixed or variable and (b) as either direct or indirect by selecting 
the appropriate dropdowns. 
2. Listed below are costs of providing an airline service. 
Classify each cost as (a) either variable or fixed, and (b) either direct or indirect by 
selecting the appropriate dropdowns. Consider the cost object to be a flight. Flight 
...
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ACCT 2302 Ch 16 Process Costing and Analysis Smartbook
- Exam (elaborations) • 4 pages • 2023
- Available in package deal
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- $10.49
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1. Match each product with the type of manufacturing most likely to be used—job order or 
process operations. 
 Job order customized home 
 Process soft drinks 
 Process oil changes 
 Process chocolate chip cookies 
 Job order wedding invitations 
2. In process operations, costs are accumulated in each process. In the final process, cost are 
transferred to: 
Finished goods 
3. Process and job order operations are similar in that both 
 Are used to determi...
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ACCT 2302 Ch 16 Process Costing and Analysis Smartbook.
- Exam (elaborations) • 4 pages • 2023
-
- $10.49
- + learn more
1. Match each product with the type of manufacturing most likely to be used—job order or 
process operations. 
 Job order customized home 
 Process soft drinks 
 Process oil changes 
 Process chocolate chip cookies 
 Job order wedding invitations 
2. In process operations, costs are accumulated in each process. In the final process, cost are 
transferred to: 
Finished goods 
3. Process and job order operations are similar in that both 
 Are used to determi...
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