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AC 211 Final Exam Study Guide exam with complete solutions. $10.49   Add to cart

Exam (elaborations)

AC 211 Final Exam Study Guide exam with complete solutions.

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  • AC Express
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  • AC Express

Horizontal Analysis Finding the Change in $ amount and Change in % from one year to another Vertical Analysis Dividing each account by Sales Revenue in the Income Statement and finding the %, and dividing each account by Total Assets on the Balance Sheet and finding the %. Previou...

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  • September 3, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • AC Express
  • AC Express
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AC 211 Final Exam Study Guide exam with
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Horizontal Analysis - ANSWER- Finding the Change in $ amount and Change in %
from one year to another

Vertical Analysis - ANSWER- Dividing each account by Sales Revenue in the
Income Statement and finding the %, and dividing each account by Total Assets
on the Balance Sheet and finding the %.

Total Direct Labor Variance - ANSWER- Composed of Rate Variance and
Efficiency Variance

Total Direct Manufacturing Variance - ANSWER- Composed of Price Variance and
Quantity Manufactured Variance

DL Rate Variance - ANSWER- Actual hours(actual rate - standard expected rate)

DL Efficiency Variance - ANSWER- Standard Rate(Actual labor hours- Standard
labor hours)

DM Price Variance - ANSWER- Actual quantity purchased (Actual Price - Standard
Price)

DM Quantity Variance - ANSWER- Standard Price (Actual Quantity Sold -
Standard Quantity Sold)

MOH Variance - ANSWER- Composed of Budgeted Variance and Volume Variance

Working Capital - ANSWER- Current Assets- Current Liabilities

Current Ratio - ANSWER- Total Current Assets/Total Current Liabilities

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