Questions from General Accounting

Q: BatCo makes metal baseball bats. Each bat requires 1 kg of

BatCo makes metal baseball bats. Each bat requires 1 kg of aluminum at $18 per kg and 0.25 direct labor hours at $20 per hour. Overhead is assigned at the rate of $40 per direct labor hour. What amoun...

Q: Tercer reports the following on one of its products. Compute the

Tercer reports the following on one of its products. Compute the direct materials price and quantity variances.

Q: For the current period, Kayenta Company’s manufacturing operations yield a $

For the current period, Kayenta Company’s manufacturing operations yield a $4,000 unfavorable price variance on its direct materials usage. The actual price per pound of material is $78; the standard...

Q: If the present value of the expected net cash flows from a

If the present value of the expected net cash flows from a machine, discounted at 10%, exceeds the amount to be invested, what can you say about the investment’s expected rate of return? What can you...

Q: Refer to information in QS 24-9. Assume a target

Refer to information in QS 24-9. Assume a target income of 12% of average invested assets. Compute residual income for each division. Information from QS 24-9:

Q: Fill in the blanks in the schedule below for two separate investment

Fill in the blanks in the schedule below for two separate investment centers A and B. Round answers to the nearest whole percent.

Q: The windshield division of Fast Car Co. makes windshields for use

The windshield division of Fast Car Co. makes windshields for use in Fast Car’s assembly division. The windshield division incurs variable costs of $200 per windshield and has capacity to make 500,000...

Q: The windshield division of Fast Car Co. makes windshields for use

The windshield division of Fast Car Co. makes windshields for use in Fast Car’s assembly division. The windshield division incurs variable costs of $200 per windshield and has capacity to make 500,000...

Q: A company purchases a 10,020 square-foot commercial building

A company purchases a 10,020 square-foot commercial building for $325,000 and spends an additional $50,000 to divide the space into two separate rental units and prepare it for rent. Unit A, which has...

Q: For each of the following types of indirect expenses and service department

For each of the following types of indirect expenses and service department expenses, identify one allocation basis that could be used to distribute it to the departments indicated. ______ 1. Computer...