Van Frank Telecommunications has a patent on a cellular transmission process. What are the major differences between the perpetual inventory system and the periodic inventory system? What are special considerations for each when doing adjusting and closing entries?Д®xample 3. Instruction: Prepare the following reports: Purchases Journal, Cash Disbursements Journal, and a General Ledger.Д®xample 2. Recording Purchases and Cash Payment Transactions.Cycle Tech had the following purchases and cash payment transactions for the month of March: Collecting detailed listings of amountsД®xample 4.Posting transactions to special journals.When a company uses special journals, the general journal is used for selected transactions and events including: recording nonquantifiable economic eventsД®xample 3.identifying economic transactions that are relevant to the business.analyzing and interpreting financial reports.communicating financial information to users by preparing financial reports.The accounting process involves all of the following except: What are the three steps recommended by the author of your text for analyzing the effects of business transactions? Which step did you find most difficult/easy, and most helpful? Explain!Д®xample 2. Just as we did in chapter two, analyzing transactions is critical to making sure that we understand the transactions prior to recording it in the appropriate account. Please list, in order, the five steps that are used in differential analysis.Д®xample 1. In differential analysis, what types of costs are relevant?Д®xample 5. Performance Drinks вЂ“ A further study of: Regression Analysis Contribution Margin Reporting Cost-Volume-Profit Analysis Differential Analysis Capital Budgeting.Д®xample 4. Discuss sunk and opportunity costs, why must managers consider these things?Provide a brief explanation of why a managerial decision may be made, at times, that doesnвЂ™t align with the quantitative recommendations of the analysis.Д®xample 3. Discuss the role qualitative information may have in differential analysisДҐ. Describe Differential analysis regarding Make-or-Buy decisionsД¤. Describe Differential analysis regarding product line offeringsДЈ. Describe Differential analysis to drop/keep customers.Дў. In differential analysis for customer decisions, sales predictions, variable input costs, and unallocated overhead costs are traced directly to customers, rather than to product lines.ДЎ.In differential analysis used customer decisions, discounted prices, increasing costs, and stop/loss costs are traced directly to customers, rather than to product lines.In differential analysis for customer decisions, sales revenue, variable costs, and fixed costs are traced directly to customers, rather than to product lines.In differential analysis for customer decisions, factor costs, shadow costs, and imputed costs are traced directly to customers rather than to product lines.

Why is net profit always greater in absorption costing than indirect costing? Why cost accountants use two types of costing methods i-e absorption costing and direct costing? Identify a case where absorption costing yields higher net profit than direct costing? Absorption costing uses (a) and variable costing uses neither.Д®xample 5.Variable costing uses (a) and absorption costing uses neither.Variable costing uses (a) and absorption costing uses (b).Absorption costing uses (a) and variable costing uses (b).at the time the finished units to which the fixed overhead relates are sold. Determine which costing method (variable costing or absorption costing) accounts for fixed manufacturing costs as costs of the period:ДЄ. neither variable costing nor absorption costing.Д®xample 4.

variable costing but not absorption costing.

absorption costing but not variable costing.

both absorption costing and variable costing.

The term gross margin is used in reports prepared using:

Product Cost under absorption Period Cost under variableД®xample 3.

Period Cost under absorption Period Cost under variable.

Period Cost under absorption Product Cost under variable.

Product Cost under absorption Product Cost under variable.

How would ABC Company treat fixed manufacturing costs, under the absorption costing method and the variable costing method?

Chemical engineering thermodynamics