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Unit 8 Accounting

Unit 8 Accounting

Q The purpose of this assignment is to apply the concepts learned about corporations’ equity in this unit. All exercises and problems are in the textbook on the pages noted: E21.1 page 21-35 (10 points), E21.8 page 21-37 (15 points), P21.2 page 21-40 (25 points), P21.7 page 21-43 (30 points). Use MS Excel or Google sheets for your answers in proper accounting statement format, if required. Separate your answers by tabs. 80 Points CSLO 5, 6

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E21.1 page 21-35 (10 points) True True False Why because Companies that produce soft drinks and computer chips would use process cost and movies would be job order costing. False Why because in a process cost system, companies track costs through a series of connected manufacturing processes or departments, rather than by individual jobs. False Why because both costing systems track the same three manufacturing cost components—direct materials, direct labor, and manufacturing overhead.