暑假p1老师英文题目随堂测试原稿

Quiz–ABChassoldgoodsfor$10,000,000onaccountwiththeaveragecollectionperiodof45days.Thebeginningofaccountingreceivable(gross)was$1,000,000.Allowancemethod(percentage-of-receivable)isusedformeasuringdoubtfulaccounts;1%ofopentradeaccountswasbelievedtobeuncollectible.IfthebalanceintheAllowanceforUncollectibleAccountsatthebeginningofthisperiodwas$12,000,andbaddebtof$14,000writtenoff,sotheBadDebtExpenseofshouldbereportedontheIncomeStatement.(360daysforayear)Tips:Days’salesinreceivables=360/Accountsreceivableturnover,Accountsreceivableturnover=Creditsales/Averagegrossaccounts

3608次$10,000,000=8当期期末的应该账款=$1,250,0002$1,000,000=调整之后坏账准备的余额=$1,500,000×1%=$15,000$12,000$14,000ABCfactors$1,000,000ofreceivablewithXYZbasedonwithrecourse.Withappropriateevaluation,XYZrequiresafinancechargeof5%oftheamountofreceivableandretentionofanamountequalto10%.ABCestimatesthatthepotentialliabilitycausedbythisrecourseliabilityhasafairvalueof$10,000. beofferedtoABCwiththisfinancingtransaction.可收到的金额=1,000,000×(1–5%10ThemethodofLIFOwithperiodicinventorysystemisusedbyABCforexternalfinancialreporting.ThetransactionsregardingpurchaseandsalesofABCarepresentedasfollows:UnitJan.Jan.Jan.Jan.AstheFIFOisemployedforinternalmeasurementandevaluation,ABCshouldtheLIFOreserve后进先出的期末存货成本=5,000×$10+1,000×$12=先进先出的期末存货成本=3,000×$15+3,000×$12=期末存货(FIFO)=期末存货(LIFO)+$81,000$62,000AttheendofYear1,ABCreportedpretaxfinancialstatementincomeof$50,000.Includedinpretaxincomewere$15,000ofrevenuefrominstallmentsalesanddepreciationexpenseof$20,000.Onthetaxreporting,$8,000ofinstallmentsaleswasreported,anddepreciationexpenseof$24,000wasdeducted.Theincometaxratewas40%.Onitsyear-endStatementofFinancialPosition,ABCshouldreportTaxPayableof流动的递延所得税负债=(15,000–8,000)40%=非流动的递延所得税负债=(20,000–24,000)40%增加值=2,800+1,600=4,400=+应付所得税=50,00040%–4,400ABCusesthepercentage-of-completionmethodtoaccountforlong-termconstructioncontracts.Thefollowinginformationrelatestoacontractthatwasawardedatapriceof$700,000.Theestimatedcostswere$500,000,andthecontractdurationwasthreeyears.CumulativecosttoCoststocompleteatyearProgressCollectionsonTheamountofconstructioncostfortheYear2recognizedbyABC=400,000当期可以确认的累计收入=700,000×0.5700,000800,000350,000100,000450,000200,000SomefinancialdataofABCforthisperiodareshownasperviousThisAccountsPre-paidAccountsLong-termDepreciationInterestCommonOntheStatementofCashflow,thenetchangeincashof shouldbereportedbyABC.43,00085,000ABChadsomeinvestmentsforsecurities,includingbondandcommonstock,forthisperiod.BondofStockofStockofAvailableforStockof30%interestinAstheendofthisperiod,ABChasfoundthefollowingABCwaspaidinterestof$8,000byX,$7,400ofwhichwasrecognizedbyaccountantasinterestexpenses.X’sbondwasvaluedatthemarketpriceofThemarketpriceY’sstockwas$5,000waspaidbySascashdividendtoABC.Thetotalfairvalueofthissharewas$304,000Tdeclarednetincomeof$400,000andcashdividendof$80,000respectivelyTheimpactoftheabovetransactionsonABC’scomprehensiveincomeis=+Y公司股票的公允价值变化($118,000$120,000$2,000)ABC当期S公司的现金股息($5,000)ABC当期的净收益，公允价值变化T公司宣告的部分收益($400,00030%$120,000)ABC当期的净ABC全面收益的影响=净收益+其他全面收益=($7,400-$2,000$5,000+$120,000)+$4,000=Illustration:ABC,Inc.sellsproductswithfollowingcollectionYearYearYearSalescostofgoodsGrossGrossprofitcollectionofYearYearYearAttheendoftheYear3,thedifferencebetweenthegrossprofitsrecognizedundertheinstallment-salesmethodandthecost-recoverymethodis分期销售法，确认的毛利=$90,000×40%+$100,00050%+$155,000×60%=$179,000$90,0000$3,000=$179,000$93,000Quiz–ABCInc.ismanufacturingchemicalproductwith3rawmaterials,X,Y,andZ.Foreverystandardbatch(500gallon/batch),thebudgetedquantityandcostareshownasCostXYZDuringthecurrentperiod,theactualfinalproductionis40,000gallon,andtheactuallyincurredusageofrawmaterialisshowninthefollowingtable:XYZToMixYieldPriceUsageFlexible=AQ*SP*(AX的混合差异=52,220×(8,480/52,220–0.16)×2=Y的混合差异=52,220×(25,200/52,220–0.48)×0.75=Z的混合差异=52,220×(18,540/52,220–0.36)×1=-8,480225,2000.7518,450152,220(0.16×2+0.48×0.75+0.36×1)=91.2AQSQ)*SP*X52,22040,000625/500)0.162Y的产量差异=[52,220–40,000×(625/500)]×0.48×0.75=Z的产量差异 [52,220–40,000×(625/500)]×0.36×1=材料的产量差异=(52,220–50,000)×(0.16×2+0.48×0.75+0.36×=2,308.8=AQ*AR*(APX的价格差异=17,384–8,480×2=Y的价格差异=17,640–25,200×0.75=-Z的价格差异=16,686–18,540×1=-材料的价格差异=2,690=+=91.22,308.82,400=+=-2,690+2,400290ABCisevaluatingaproposalforinvestingaplant.Thesizeofplantdependsuponthemarketdemand.Ifalarge-sizedplantisestablished,thepayoffsfromhighandlowdemandsare$500,000and$100,000respectively.Ifasmallisinvested,therelatedpayoffsgeneratedfromthetwodifferentdemandsare$300,000and$200,000.Industrialanalystbelievesthattheprobabilityofhighdemandis60%.Theinvestmentinsmallplantisoptimal,iftheprobabilityofhighdemandis5X+1(1-X)=3X+2(1-X1/3X1/3<Atpresent,ABCisanalyzingtheimpactsofproductionvolumeonproductivitybyusingincrementalunit-timelearningmodel.Withrecords,10,000munitiesareconsumedforproducingthefirstbatchwithsizeof100unitsperbatch.Andthetotaltimespentforthesecondbatchis8,000minutes.XYZ,amajorcompetitorofABC,spendsonly75minutesforeachunit.Underthemodelofcumulativeaverage-timelearningcurve,ifABCwantstosurpassXYZintermsofproductivity,itmustreachthecumulativevolumeof10,0008,000)/2]10,0001248ABCissellingproductforcashandonopenaccount,and20%oftotalsalesaremadeincash.Theprojectedsalesforthelast7monthsoftheyearare$700,000,$600,000,$650,000,$800,000,$850,000,$900,000and$840,000.AsaccountingsystemofABCwasdysfunctionalseveraldaysago,accountantinABCwereunabletoobtainthecashcollectionschedule.Theaccountantinchargeonlyremembersomefacts:5%ofcreditsalesisuncollectible;thepaymentforsomeportionofsalesistobemadeinthemonthofsale;theremainingreceivablesaretobecollectedduringthefollowing2monthswithcertainpercentage.Onthebasisofcashbudget,thecashinflowinthemonthofNovemberis$834,000.Meanwhile,$160,000includedinthebudgetedaccountsreceivableattheendofOctoberisrelatedtothecreditsalesmadeinSeptember.Withthedatamentionedabove,pleasereconstructthecollectionschedulingfor1+3模式，11月的现金流，最早可追溯到9月(113X3%=160k/(800k×0.8)=25%=X1%=45%,X2%=ABCisconductingbudgetwiththefollowingDirectFinishedDirectPurchaseofdirectSalaryforcorporateThebudgetedcostsofgoodsmanufacturedandsold20k35k)+120k15k19k)315k82k100.2k)311kQuiz–ABCusesaFIFOcostingsystematitsplant.GoodspassfromtheAssemblyDepartmenttotheFinishingDepartmenttofinishedgoodsinventory.ThegoodsareinspectedtwiceintheFinishingDepartment.Thefirstinspectionoccurswhenthegoodsare40%complete,andthesecondinspectionoccursattheendofproduction.ThefollowingdatapertaintotheFinishingDepartmentforthemonthofJuly.BeginningWIPProductsProductsNormalspoilage–1stAbnormalspoilage–2ndEndingWIPFortheFinishingDepartment,materialisaddedatthecompletionof80%.Theequivalentunitsofmaterialandconversioncostforcostassignmentare先进先出法的约当产量=(当期完工数+期末在产品的约当产量)–期初=65,0008,000转换成本=(65,000+8,0002,0000.4+15,0000.6)–10,0000.4ABCappliesfactoryoverheadbaseduponmachinehours.Atthebeginningoftheyear,ABCbudgetedfactoryoverheadat$500,000andestimatedthat200,000machinehourswouldbeusedtomake20,000unitsofproduct.Duringtheyear,thecompanyproduced18,000unitswithactualmachinehoursof10.6perunit.Actualoverheadfortheyearwas$438,840.Understandardcostingandnormalcosting,ABC’svariableoverheadvarianceandefficiencyvariance SQ20,000，SR=200,000=10小时/个，SPAQ18,000，AR10.6小时/

变动费用差异=实际值–分配值=AQ×AR×AP-AQ×SR×SP$438,840–18,000×10×2.5=变动费用效率差异AQ×SP×(ARSR)18,000×2.5×(10.610)变动费用开支差异AQ×AR×(APSP)=$438,840–18,000×10.6×2.5变动费用差异=实际值–分配值=AQ×AR×AP-AQ×AR×SP$438,840–18,000×10.6×2.5=变动费用开支差异AQ×AR×(APSP)=$438,840–18,000×10.6×2.5ABCCorporationemploysabsorptioncostingsystemforinternalreportingpurpose;however,thecompanyisconsideringusingvariablecosting.DataregardingABC’splannedandactualoperationsforthecalendaryearisBeginningfinishedinventoryinSalesinProductioninTheplannedperunitcostfigureshowninthenextschedulewereontheestimatedproductionandsalesof140,000unitsfortheyear.ABCusesapredeterminedmanufacturingoverheadrateforapplyingmanufacturingoverheadtoitsproduct;therefore,acombinedmanufacturingoverheadrateof$9.00perunitwasemployedforabsorptioncostingpurposes.Anyover-orunderappliedmanufacturingisclosedtothecostofgoodssoldaccountattheendofthereportingyear.PlannedpertotalDirectDirectVariablemanufacturingFixedmanufacturingVariablesellingFixedsellingVariableadministrativeFixedadministrativeThebeginningfinishedgoodsinventoryforabsorptioncostingpurposeswasvaluedatthepreviousyear’splannedunitmanufacturingcost,whichwasthesameasthecurrentyear’splannedunitmanufacturingcost.Therearenowork-in-processinventoriesateitherbeginningortheendoftheyear.Theplannedandactualunitsellingpriceforthecurrentyearwas$70perunitRegardingendinginventory,thedifferencebetweenvariablecostingandabsorptioncostingisForthe