National income components are as follows:
Land rent Rp 1.000.000
Labor wages Rp 500.000
Investment Rp 750.000
Entrepreneur profit Rp 100.000
Consumption Rp 1.000.000
Interest of capital Rp 200.000
If the national income is calculated using the income approach, the amount is as follows ….

XYZ Ltd as the technology-leading company had finally taken the wraps off their brand new product. It’s expected to be a huge boom in the market and was set to be sold at $50. As times goes by, the chairman decided that it is wiser to increase the price of the product to $100 in order to pump up their profit. They had expected a lower number of demand by the sudden increase. However, the quantity demanded remains the same. This situation indicated that:

Evergreen Ltd., which normally sells various footwear apparels records its inventories using LIFO perpetual method. The information on the C-1 footwear apparel for January 2017 are as follows: 
- Jan 1, beginning inventory 40 units @$60
- Jan 12, purchase 25 units @$64  
- Jan 20, sales 45 units
Based on the information above, the correct journal to record the cost of sales from C-1 footwear apparel during January 20, 2017 is .....

On Dec 10, 2016, the balance of office supplies in Ingenico Co. amounted to $160. During December, the company purchased office supplies amounting to $290 in cash to get 10% discount and $150 on credit. On Dec 31, 2016, the balance of office supplies account amounted to $210. Hence, the office supplies expense for the period of December is .....

The differences between the totals of the debit and credit columns of the trial balance imply the following circumstances, except …..

Accounting cycle consists of the following steps:
1. Completing Worksheet
2. Preparing a Financial Statement
3. Preparing Post Closing Trial Balance
4. Journalizing and posting transactions to the General Ledger
5. Journalizing and posting entries to the Adjusting Journal
6. Journalizing and posting entries to the Closing Journal The correct arrangement of the above activities are.….

PT XYZ began the accounting period with $100,000 in owner’s capital. During the year, the owner withdrew $30,000 for his personal use and end up with $80,000 on its ending capital. What was the company net income or loss for the period?

George, a branch manager of Quadrant Ltd., is currently designing the appropriate reward systems to boost the employee’s morale and to motivate the employee’s performance. According to Maslow’s Hierarchy of Needs, which set of action has the least priority for George to consider to increase the employee’s welfare?

Martha, who has just been appointed as the new vice president of Blitz Co., has been formulating a business-level strategy in launching its brand new hi-tech smart phone. In order to obtain the market insights for its new product, the head of marketing, Wayne is ordered to perform competitive analysis based on Porter’s Five Competitive Forces and to present the outcome on the next internal meeting. Which set of action is not deemed as necessary for Wayne to support its analysis?

Miss Christine owned a small bakery in Medan. She decided to expand its business to other cities, such as Jakarta and Bandung. In order to do so, she needed to calculate the fixed cost of the bakery. Which of the following would be the variable cost in the short run?
1)  Interest on business loans
2)  Baking supplies (flour, salt)
3)  Baking ovens
4)  Annual lease payment for the use of the building
5)  Supplies and packaging materials

Twinings Co., a manufacturing company prepares budget of its manufacturing overhead at the normal capacity of 40 direct labor hours. The budgeted manufacturing overhead is as follows:
Fixed manufacturing overhead  $36,000
Variable manufacturing overhead    $56,000
Following the budgeted manufacturing overhead, the actual direct labor hours amounted to 38 direct labor hours with the actual manufacturing overhead amounted to $85,400. Hence, the difference between the budgeted and actual manufacturing overhead is .....

Elizabeth, a junior accountant in Standard Co. receives the following data from its colleagues:
Beginning raw materials  $43,600
Raw material purchases  $356,200
Purchase return  $7,630
Ending raw materials  $58,830
Direct labor cost  $80,500
Factory supplies  $9,860
Utilities expenses  $60,800
Other manufacturing overhead  $8,960 Based on the above data, the cost of goods manufactured is .....

Steven, a production machine operator receives Rp 12,000/hour for his normal wages; while his overtime bonus will be paid as much one and a half times his normal wages. If Steve works for 44 hours in a week including his 4 hours overtime and the production machine stops for 3 hours, then the journal entries to record labor cost is …..

The transactions of a company during January 2016 are as follows:
Payment of wages for production labor  Rp 82.600.000
Payment of salary for sales & marketing staffs  Rp 14.500.000
Payment of salary for administration staffs  Rp 9.600.000
Purchases of raw materials and auxiliary materials  Rp 88.000.000
Raw materials consumption  Rp 124.800.000
Auxilary materials consumption  Rp 11.200.000
Payment of supervisor salary   Rp 6.500.000
Payment of other production costs   Rp 6.900.000
Total indirect costs from the data above are .....

Coed Novelties manufactures key chains for college bookstores. During 2016, the company had the following costs:
Direct materials used   $31,000
Direct labor   $18,000
Factory rent   $12,000
Equipment deprecation – factory   $2,000 Equipment depreciation – office   $750
Marketing expense   $2,500
Administrative expenses   $40,000
35,000 units produced were in 2016. What is the product cost per unit?

The Cape Cod Cotton Candy Company had the following information available regarding last year's operations:
Sales (100,000 units)  $200,000
Variable costs  $100,000
Contribution margin  $100,000
Fixed costs  $50,000
Net Income  $50,000  
If sales were to increase by 200 units, what would be the effect on net income?

[December 2016, Reuters] Oil prices rallied for better outlook, steadying above $51 a barrel, following OPEC's decision to cut crude output to rein in a global glut that has weighed on prices for more than two years. Upon the execution of OPEC’s decision, which of the following is the correct impact on Indonesia’s economy? 

In 2016, inflation rate in Indonesia reached below 4% as opposed to the approximate of 6% inflation rate in 2015. Furthermore, Bank of Indonesia also decreased the BI rate to 6.5% as of July 2016. Which of the following statement has correctly reflected the economic condition?

As a breakthrough effort to resolve the national economic slump that occurred in the early of 2015 resulting from the financial turmoils that hit the global economy, President Joko Widodo issued 12 economic policies which are released simultaneously by the Indonesian government since 2015 until 2016. Which of the following policies that are not included in the 12 economic policies?

In carrying out the main points of ASEAN Economic Community (AEC) agreement, which of the following is not included in the four pillars that support AEC and become the foundation in selecting various actions?