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Author Archives: Anonymous

Pinacle Corp. budgeted $266,000 of overhead cost for the cur…

Pinacle Corp. budgeted $266,000 of overhead cost for the current year. Actual overhead costs for the year were $255,970. Pinacle’s plantwide allocation base, machine hours, was budgeted at 53,320 hours. Actual machine hours were 49,300. A total of 91,840 units was budgeted to be produced and 98,000 units were actually produced.   What is Pinacle’s plantwide factory overhead rate for the current year?

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Which of the following funds would be most appropriate when…

Which of the following funds would be most appropriate when accounting for an activity that provides goods or services to the public for a fee that is intended to make the activity self-supporting?

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Civilianization is the process of replacing sworn personnel…

Civilianization is the process of replacing sworn personnel with:

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​Mammals and birds and some larger, faster fishes are “cold-…

​Mammals and birds and some larger, faster fishes are “cold-blooded”, or ectothermic.

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Which of the following best defines net (expense) revenue as…

Which of the following best defines net (expense) revenue as reported on the government-wide statement of activities?

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A spontaneous, inheritable change in an organism’s genes is…

A spontaneous, inheritable change in an organism’s genes is called a ____.

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Marine organisms are limited in terms of where in the ocean…

Marine organisms are limited in terms of where in the ocean they can live because of the enormous amount of pressure in the deep sea.

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Use the following information to determine whether the Fire…

Use the following information to determine whether the Fire House Capital Projects Fund should be reported as a major fund based on expenditure amounts provided.  Fire House Capital Projects Fund expenditures $2,740,000 General Fund expenditures $27,150,000 Total of all other governmental fund expenditures 1,433,000 Total of enterprise fund expenditures $7,500,000

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The journal entry to record budgeted revenues will include w…

The journal entry to record budgeted revenues will include which of the following?

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The Financial Accounting Standards Board has the responsibil…

The Financial Accounting Standards Board has the responsibility for setting accounting and financial reporting standards for which of the following?

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